Bitcoin price hits a monumental high of $6,000
The price of bitcoin has reached a record-breaking high of $6,000 USD across multiple global exchanges, with a current 24-hour volume of $1.7 billion. From Japan and the US, to countries like Zimbabwe and Venezuela where BTC is used to escape hyperinflation, proponents all over the world are thrilled.
Two S. Korean exchanges ready for Bitcoin Gold and SegWit2x hard forks
The second hard fork of Bitcoin’s history, Bitcoin Gold, is scheduled to take place on October 25th, while another Bitcoin hard fork, SegWit2x, will occur in November.
Chinese BTC miners fear intensification of cryptocurrency crackdown
In addition to China being the manufacturer of most of the cryptocurrency mining equipment, it is also the country where more than half of the total bitcoin miners are based. However, with China’s recent ban on ICOs, it is feared that the ban may be intensified to target the Chinese miners as well.
Google and Goldman Sachs are on the top list of active blockchain investors
The number of corporate investors in blockchain companies reached a record high of 91 this year, with Google and Goldman Sachs among the most active investors. Till now, there have been 42 equity investment deals by corporations this year, totaling $327 million.
Ripple exchange manager arrested for fraud
The Japanese manager of the Ripple exchange and trading platform, 31-year-old Yuki Takenaka, has been arrested for allegedly swindling investors. This arrest occurred during a large-scale investigation of fraudulent cryptocurrency schemes.
Bank of America seeks patent for a blockchain-based processing system
As of August, BoA has filed more than 20 cryptocurrency and blockchain-related patent applications, nine of which were submitted in 2016, four were filed in 2015, and 10 were filed in 2014.
Australian senate committee approves Bitcoin regulation
The KYC Bill, which will introduce Bitcoin regulation, was recently approved by the Australian Senate.
Kazakhstan announces world’s first cryptocurrency backed by fiat
The AIFC have announced a partnership which is developing a national cryptocurrency backed by fiat currency.
New proposed bill in Ukraine will consider Bitcoin as financial asset
Two bills have just been submitted to the Ukrainian Parliament in an attempt to provide a regulatory framework for cryptocurrencies.
What to check before investing in an ICO
Investors need to be extremely cautious when investing their money in ICOs. Checking the requirements that are mentioned will help investors differentiate between a scam and a viable investment.
