Is Bitcoin on Its Way to $5000, and Should You Invest or Stay Away from Bitcoin?

Is Bitcoin on Its Way to $5000, and Should You Invest or Stay Away from Bitcoin?

admin 2017, Bitcoin News, Bitcoin Price, Blockchain 0 Comments

The blue chip brokerage house Fidelity has allowed its customers to create their own Bitcoin accounts, further accelerating Bitcoin’s bull run. The price of the digital currency hit the $4000-mark this week following the anointment by the mainstream media of the currency as a new asset class. Other Bitcoin projections Other industry players and experts are predicting a brighter future for Bitcoin. According to an analyst from Standpoint Research, the price of the virtual currency can reach the $5,000-mark by 2018. These rosy predictions about Bitcoin create the question on whether ordinary investors should invest part of their savings, or even their retirement accounts, into the cryptocurrency. Why invest or not to invest in Bitcoin To help the ordinary investors in deciding whether they will invest their hard-earned money into the digital currency, here are three reasons to invest or not to invest in the cryptocurrency. Three reasons to invest in Bitcoin It’s gaining mainstream credibility as industry players consider it as the new gold – Bitcoin has many of the same qualities of gold, whose value is not controlled by governments. Many investors and finance industry experts are serious about the promise of Bitcoin – A large number of mainstream investors and entrepreneurs already consider Bitcoin and other cryptocurrencies as a legitimate …

Initial coin offerings have raised $1.2 billion and now surpass early stage VC funding

Initial coin offerings have raised $1.2 billion and now surpass early stage VC funding

admin Bitcoin Storage Platform Security, Blockchain Start-Ups, Initial Coin Offerings 0 Comments

The amount of money raised by start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies. ICOs are a way for start-ups to raise money by selling investors tokens in exchange for equity, similar to an initial public offering (IPO). Getty Images The amount of money raised by cryptocurrency and blockchain start-ups via so-called initial coin offerings (ICOs) has surpassed early stage venture capital (VC) funding for internet companies for the past two months. ICOs are a way for start-ups to raise money from users, similar to crowdfunding, by allowing them to buy a stake. In return, the user will receive a token or digital currency, which are equivalent to shares in the firm. ICOs are popular among cryptocurrency and blockchain start-ups and have exploded in the past few months. The total amount of money raised via ICOs in April was just under $100 million, but by May this had more than doubled to almost $250 million, according to Coinschedule, a website that tracks such data. In June, ICO funding had hit over $550 million and it was the first month ever that it surpassed angel and seed VC funding. This was …

Hedge Funds Tied to Cryptocurrencies Exploding, Over 70 in Pipeline

Hedge Funds Tied to Cryptocurrencies Exploding, Over 70 in Pipeline

admin CoinGreed, Cryptocurrency, HEDGE FUNDS 0 Comments

SMART INVESTMENT “Hedge funds with crypto exposure “exploding,” tweets economist and investor Tuur Demeester. According to his quoting a related article, over 70 such funds are now being in the pipeline. The linked article includes a comment by Arthur Bell manager Corey McLaughlin who says: “I’ve been in the hedge fund space since 1998, and I’ve never seen anything like it in volume of launches in a particular area. It’s just crazy.” The market will likely continue to call for increasing numbers as the funds continue to outperform other market spaces. Best and the brightest Hedge funds are always in the market for the best, brightest and fastest ways to make money, regardless of the field. The market for hedge funds is constantly shifting, as investment vehicles change direction and move with the financial times. Recent increases in the prices of cryptocurrencies have led to attention being focused on the hedge funds that had crypto holdings. Such funds were relative outliers until the market for Bitcoin and others began booming earlier this year. New funds everywhere With the massive rise in values, hedge fund managers are seeing the need for new funds that link to cryptocurrencies and the public is calling for such funds. A recent revealed …

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

Bitcoin Bubble Debate Escalates as Traditionalists Clash with Bullish Believers

admin Bitcoin Cash, CoinGreed, Cryptocurrency, Gold, Hard Fork, ICO's 0 Comments

A fresh growth spurt for Bitcoin has seen traditional investors once again surface to comment that the digital currency bubble is on the verge of bursting. But those involved are bullish and optimistic that the real growth has not even begun yet. It is not only the growth of Bitcoin, which has been unprecedented this year alone but the birth of altcoins and the ease in which money is seemingly created from nothing through ICOs. Bitcoin’s fork, and the creating of Bitcoin Cash is another ‘bubble-warning,’ apparently. A year of growth Bitcoin, and cryptocurrencies in general, have staggered many with the way in which they have grown in 2017 alone. A new high of $3,500 was achieved earlier this month when Bitcoin succeeded beyond its Aug. 1 ‘Independance day.’ This growth has also seen a host of other altcoins and their value dragged up with the original cryptocurrency. These altcoins have come from the creation of highly popular ICOs, which have seen record falls almost weekly as one outdoes another. At the start of 2017, the total value – or market cap – of all cryptocurrencies in existence was about $17.5 bln, with Bitcoin making up almost 90 percent of that, according to CoinMarketCap. It is now around …

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

Despite the FUD, SEC-Compliant ICOs are Just Around The Corner

admin Bitcoin Cash, Hard Fork, ICO's, SEC 0 Comments

Summary: The cryptocurrency space had an eventful July. Not only did the Bitcoin network prepare for the Bitcoin Cash hard fork, but the SEC also released a scathing report on ICO token sales. Given the uncertainty that lies ahead for ICOs, legal experts and compliance firms are quickly gearing up to protect both investors and creators of ICOs. Cointelegraph keeps you up to date with the latest and most important regulatory news in digital currencies. Thin red line Potential ICO investors and those planning token sales were rocked earlier this month when the SEC issued a report on July 25. The SEC report offered a scathing indictment of ICOs, ruling that the vast majority of “initial coin offerings” were actually securities offerings dressed up under a thin veil. We at Cointelegraph are in touch with some of the leading legal experts in the digital currency space, but there are not yet any clear guidelines for what the SEC might require in the future. Many planned are ICOs are still going ahead, but some are considering excluding US residents. This is not an ideal solution, however, as it seriously limits the amount of capital that such offerings might raise. Ultimately, compliance costs are going …

WannaCry On the Move? Bitcoin Crime Evolves in a Multi-Blockchain World

WannaCry On the Move? Bitcoin Crime Evolves in a Multi-Blockchain World

admin Monero, Ransomware, WannaCry 0 Comments

First, there was the theft – then the coins stood still. For the past 10 weeks, three bitcoin address containing more than $140,000-worth of the cryptocurrency has been given more scrutiny than possibly any others on the blockchain. Now held by the hacker or hackers behind the WannaCry ransomware attack, the funds were sent by victims from more than 150 countries in an attempt to unlock their computers from the malicious encryption software. But last week, something stirred – and increments of $20,000-worth of bitcoin began moving into seven new addresses. Slowly, the three addresses that had held the attention of the world began to empty. The question was, where were the coins headed? That the subject would gain such attention perhaps isn’t surprising. At the time of the incident in May, WannaCry attracted global headlines, and bitcoin got a share of the blame. As bitcoin’s value grew over the course of the year, and as it attracted a new class of investors, the incident emerged as a black mark – the latest reminder of how the technology can be used to nefarious ends. “There’s an implication that [blockchains] are well-suited for criminal activity,” said Andrew Poelstra, a mathematician at Blockstream. “Because blockchains make it cheaper to …