Bitcoin Price Turn-Around At $420

Bitcoin price attempted another shot at the 4-hour chart 200-period moving average today without success. The market lacks conviction and price should draw lower as a result. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code […]

Russian Finance Ministry Is Looking to Officially Ban Bitcoin

The Finance Ministry in Russia, long known for taking an aggressive stance against Bitcoin is now developing a proposal to officially ban bitcoin in Russia. The proposal by the Finance Ministry cites the Russian Central Bank to be the sole issuing authority to create what it sees as the only valid currency in the country, […]

German Tech Magazine Trials Employee Payroll with Bitcoin

T3n, a German tech magazine has revealed that it will allow its employees to gain a portion of their salary in bitcoin. German tech publication t3n, an outlet that publishes technology news in both print and online media has revealed that it has been conducting a trial since November 2015 which sees its employees receive […]

A Simple Guide to Understanding Ethereum and Buying Ether

The post A Simple Guide to Understanding Ethereum and Buying Ether appeared first on 99 Bitcoins. Lately there has been a lot of talk about a new cryptocurrency in the community – Ether. In order to understand what Ether exactly is, we first need to understand Ethereum. What is Ethereum? Ethereum is a cryptocurrency and […]

Rootstock Raises $1M to Enable Smart Contracts on the Bitcoin Blockchain

Although smart contract projects on private blockchains such as Ethereum are gaining a lot of attention, smart contracts on the Bitcoin blockchain itself are challenging because the Bitcoin network is not a “Turing Complete” system. A Turing Complete system is one that can compute any algorithmically computable function (although with no guarantees regarding runtime or memory). […]

Mediachain: Protect Digital Content With a Bitcoin-Based Metadata Protocol

Mine Labs, a New York-based blockchain startup has announced the development of Mediachain, a Bitcoin blockchain-based decentralized metadata protocol which relies on the InterPlanetary File System (IPFS) to protect and ensure the rights to creative digital works. Since early 2015, emerging blockchain startups have begun to focus on the development of blockchain-based identity and authentication […]

Deloitte Predicts Rise in Blockchain-Based Payments

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. The Banking Industry Outlookreport estimates that blockchain-based payment systems could equal the volume of the United States’ Automated Clearing House (ACH) financial transactions network by 2020. It identifies artificial intelligence and machine […]

Rootstock Raises $1M to Develop Smart Contracts to Bitcoin Blockchain

By raising $1 million in seed funding, blockchain startup RSK Labs will develop Rootstock, a smart contracts platform that will be deployed as a sidechain on the bitcoin blockchain. In a funding round led by bitcoin mining hardware company Bitmain Technology, RSK Labs has raised $1 million in a successful initial seeding round to develop […]

Western Union Faces Legal Scrutiny In EU Over Business Practices

In the world of cash-transfers, few other companies come to mind as instantaneously as Western Union. If you’ve walked in a convenience store anywhere between the west and east coast of the United States, you’ve probably seen a banner for Western Union. The remittance provider is currently facing a preliminary antitrust inquiry as the EU […]