With no immediate signs of a correction, both blockchain business cases and bitcoin are booming. ICOs are still raising millions for blockchain and cryptocurrency businesses with a solid business plan and product or service officer.
We’ve got an overview of recent regulatory moves in the US, India, China and Uruguay. New York authorities are chasing ICO scammers. India’s state bank is putting together a blockchain consortium of major banks. China’s top cryptocurrency researcher says there’s no time to waste for China to put together its own cryptocurrency. Uruguay will launch a six-month test of a digital currency which should have market watchers very interested.
On the bitcoin investment side, the bulls are bullish and the bears are bearish. The noise about a bubble keeps growing but so does the market cap for bitcoin.
We’ve got highlights of who’s saying what about the next moves for bitcoin. Analyst Ronnie Moas is bullish and predicting $11,000 for bitcoin in 2018. Wall Street Journal reporter Jason Zwieg urges investors not to let emotions overrule common sense in bitcoin trading.
Did you know that bitcoin is now the 32nd biggest currency in the world? Bitcoin developer Jameson Lopp says it’s bigger than the market cap of Singapore or South Africa.
All this and much more in our twice-weekly look at blockchain and cryptocurrency news.
Bitcoin busts out but bubble talk is growing
After crossing $7,500, bitcoin has retrenched somewhat although it is still in record-high territory in Monday trading. We’ve got a roundup of recent market news and comments by bitcoin bulls and bears to keep you up-to-date on the latest cryptocurrency developments. Standpoint Research’s Ronnie Moas revised his 2018 prediction for bitcoin from $7500 to a bullish $11,000. That and much more. Via paymentsnext.com
Cryptocurrency news: Regulators roundup and bitcoin regulations trends
We’ve got a roundup of the latest news about cryptocurrency regulators around the globe and bitcoin regulations trends you should follow. Deutsche Bank’s Jim Reid
says fiat currencies may have run their course. His comments make sense when you look at struggling currency values in Venezuela, Argentina and other countries. The People’s Bank of China’s lead cryptocurrency researcher says implementing a government-backed digital currency would extend financial services to rural areas, reduce costs and improve efficiencies. More news and insight into regulators around the world. Via paymentsnext.com
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