Bitcoin Price Hits 2015 Highs Led by Chinese Exchanges

On Monday afternoon, the price of bitcoin experienced one of its fastest spikes of the year when it rose from $340 up to over $360 on many exchanges before settling back down to around $355 as investors took profits. Over the past 24 hours, the price has risen over 10%, on average, across many of […]

Microsoft Partners with Ethereum Company, Offers Cloud-Based Blockchain Application Development Platform to Its Clients

Microsoft has partnered with Consensys, a blockchain startup focused on Ethereum technology, The Wall Street Journal reports. Through the partnership, customers of Azure, Microsoft’s cloud-based business service, will have access to tools that will allow them to experiment with and build cloud-based blockchain applications, from securities trading to cross-border payments to corporate accounting, and offer […]

Taiwan Declares Bitcoin an Illegal Asset

This Monday, the Taiwanese Financial Supervisory Commission (FSC) declared Bitcoin an illegal asset. Last year the Taiwanese central bank issued a warning stating that bitcoin was a highly speculative virtual asset and lacked a mechanism to protect its transactions. Now, claims of illegal activities being conducted with aid of the virtual currency were taken to […]

Bitcoin Debit Card Firm E-Coin Raises $160,000

UK-based Bitcoin debit card and multi-sig wallet provider E-Coin.io is gaining strong traction among the investors, already having raised $160,412 with 2 days still remaining in the crowdfunding campaign. The Company is offering a 10% stake for sale and has attracted 60 backers till the time of writing this report. The Company is accepting a […]

Bitcoin Declared Illegal in Taiwan

The Chairman of the Financial Supervisory Commission (FSC) has declared Bitcoin to be illegal in Taiwan, following a recent high-profile kidnapping accident involving ransom demands made in Bitcoin. Despite the mainstream adoption of Bitcoin by a largely tech-savvy population in Taiwan wherein citizens have the means to buy bitcoin in popular convenience store chains, the […]

Bitcoin Group Delays ASX Listing, Claims Australia’s Prime Minister Is Not A Shareholder

Bitcoin Group has delayed its Australian Securities Exchange (ASX) listing due to issues with the Australian Securities and Investment Commission (ASIC) over indications that Australian Prime Minister Malcolm Turnbull is a shareholder and misstatements about the company’s profitability, according to The Sydney Morning Herald. The company, a bitcoin miner, has postponed its listing date to […]

Bitcoin Price Advancing Again

Bitcoin price achieved a new high for this year, last week. The correction over the weekend looked to be a potential reversal of the uptrend, but after a relatively shallow retracement the uptrend appears to have resumed. This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? […]