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Bitcoin is like the internet in the 80s, says one expert
Last week, Bitcoin made the biggest price jump since the crash in December. One detail in particular gives investors and crypto fans hope for another rally: More and more large investors are spreading out on the crypto market. "This is the first time serious money has hit the market," Jeffrey Van de Leemput, analyst at Cryptocampus, told Bloomberg. "Now we will see the beginning of the real bubble." We talked to experts about how things could go on now.
Everything else about cryptocurrencies such as Bitcoin, Ripple, Ether, IOTA and Co. at a glance:
11:05 a.m. // Expert compares Bitcoin with the Internet of the 80s
"We're just getting started and Bitcoin is like the internet in the 80s," said Brian Kelly, founder and CEO of BKCM LLC, a digital currency investment company, to CNBC. “Up until now, I was more likely to think that we would be in 1995, but after the past few months I've realized that we are still at the very beginning. The technology will work. Cryptocurrencies like Bitcoin will change the world. But since the technology is in its infancy, there is this massive volatility. "
9:00 a.m. // School dropout and Bitcoin millionaire Erik Finman:"If you don't become a millionaire in the next ten years, it's your own fault"
Erik Finman explains inInterview with Business Insider,why you can still become a millionaire with the help of cryptocurrencies in the next ten years and how you should behave properly after the Bitcoin crash.
08:53 am //You can also buy half bitcoins - but that has two major disadvantages
If you want to get in now, you might hesitate because the high Bitcoin price scares you off. You don't even have to buy a whole coin, it is possible to buy half, a quarter or even an even smaller fraction of a Bitcoin. You can find out more about this here.
The current courses at a glance:
* Disclaimer: The price data come from Cryptonator. All course information is without guarantee.
More crypto messages:
8:30 a.m. // Online broker Monex takes over Coincheck crypto exchange
The Japanese online broker Monex Group is buying the Coincheck crypto exchange, which was shaken by a hacker scandal. Monex will take over 100 percent of Coincheck for 27.45 million euros, the company announced in Tokyo on Friday. The deal should be closed on April 16. With the takeover, Monex will gain access to the Coincheck trading platform and its customer base.
Monex shares gained 20 percent on Friday. This is the maximum allowed under the rules of the Tokyo Stock Exchange for a trading day. Since the announcement of the takeover plans, Monex shares have increased by 40 percent. According to Monex, Coincheck achieved a result of 471 million yen (3.6 million euros) in the financial year to the end of March. Coincheck lost digital coins worth the equivalent of 437 million euros in a cyber attack in January.
5:00 p.m. // India takes action against cryptocurrencies - and thinks about its own
India is the next Asian country to take action against cryptocurrencies. The central bank announced on Thursday that from now on, financial institutions regulated by it should no longer do business with individual or economic institutions that trade in virtual currencies. For those who have already done so, a deadline will be announced to terminate such business relationships. The justification given by the monetary authorities was concerns about consumer protection, market integrity and money laundering.
At the same time, the central bank is looking into introducing its own cryptocurrency. A cross-departmental group had been formed. This should produce a report by the end of June, which analyzes the "desirability and feasibility of introducing a digital currency of the central bank".
5:30 p.m. // Austria's finance minister wants clear rules for crypto currencies
The Austrian Finance Minister Hartwig Löger wants to regulate the fintech industry and the booming trade in crypto currencies more strictly.
“We certainly have some catching up to do in Austria in terms of the framework conditions,” the minister told journalists on Wednesday. But it is not about restricting business models, but about securing a positive basis for orderly growth, said the ÖVP politician. With the appropriate framework conditions, the country could also attract international fintechs. "I definitely see it as an initiative to strengthen the business location," said Löger.
Every two months, a council of experts with representatives from banks, insurance companies, the Austrian National Bank, the financial market supervisory authority and fintechs will meet and draw up proposals for regulatory measures. Data and consumer protection should also be taken into account. Löger assumes that there will also be legal adjustments. “We need a definition of how a cryptocurrency is to be treated within the framework of the regulatory framework. From my point of view it will be necessary to lay a unified line ”. A similar treatment of cryptocurrencies as with gold is possible. A framework should also be established for so-called Initial Coin Offerings (ICOs). In this so far little regulated market, practically anyone can issue digital currencies and collect money from investors. Löger does not consider a new form of taxation to be necessary. Cryptocurrencies such as bitcoins are currently not recognized as official currencies.
8:07 am // Deutsche Bank calls for more control over cryptocurrencies
Deutsche Bank believes that stricter regulations for cryptocurrencies such as bitcoins are appropriate. "Financial crime and cybercrime are merging more and more and can hardly be separated from each other", wrote Philippe Vollot, the head of the department against financial crime at the institute, in a guest article for the "Handelsblatt". More about it here.
07:54 a.m. // Twitter also bans advertising for Bitcoin & Co
After Facebook and Google, the short message service Twitter no longer wants to display advertising related to cryptocurrencies. The advertising ban will apply from Tuesday, announced Twitter on Monday. The Bitcoin price then dropped four percent to $ 7,920.
Facebook announced at the end of January that it no longer wanted to advertise cryptocurrencies. Google followed in mid-March.
3:00 p.m. // Twitter boss: "In 10 years, Bitcoin will be the only currency"
The head of the short message service Twitter seems to believe in Bitcoin. “The world will have a single currency, the Internet will have a single currency. I personally believe that this will be Bitcoin, "he said in an interview with the British newspaper" Times ". The statement is not entirely altruistic: Dorsey is also the CEO of Square in addition to Twitter. He recently introduced the ability to buy and sell Bitcoin for the app.
1:00 p.m. // MasterCard keeps options for cryptocurrencies open
MasterCard appears to be considering facilitating the use of national digital currencies issued by central banks. That said a manager of the company of the "Financial Times".
"If governments create national digital currencies, we would view the industry more positively," Ari Sarker told the paper. "When it is backed by a regulator and the value. . . is not anonymous and meets all regulatory requirements, I think it would be more interesting for us. "
11:28 am // PayPal founder and Facebook investor Peter Thiel: "I would see Bitcoin as a long position"
Peter Thiel is a firm believer in Bitcoin, he calls it "gold in the world of cryptocurrencies". At the Economic Club of New York, the American said: “I would see Bitcoin as a long position. With a few exceptions, I'm currently neutral to skeptical about everything else. There will also be an equivalent to gold in the coin area. You can be sure that this will be the biggest coin ”.
11:00 a.m. // G20 could decide the future of Bitcoin
Like many other countries, the head of the International Monetary Fund (IMF), Christine Lagarde, wants regulation. Bitcoin are generated in complicated computing processes and are used for payments on the Internet. But that can also be used for money laundering and terrorist financing - Bitcoin can also be bought with dollars and euros. The course has recently come under massive pressure as signs of greater control are gathering.
3:00 p.m. // Telegram founder raises $ 850 million for new cryptocurrency
Telegram founder, Pawel Durow, has announced a cryptocurrency and has already raised $ 850 million for it. "Gram" is to be the name of the currency with which Telegram's 170 million users will soon be able to pay. You'll find more about it here.
5:10 p.m. // South Korea causes another Bitcoin boom
South Korea caused a surprise on the markets for cryptocurrency on Wednesday: After the country threatened to ban a stock exchange in January, a new message came out. A government official said that instead of a ban, South Korea would work to make the cryptocurrency market more transparent. That immediately put the market in a good mood, and prices are rising again.
10:10 am // "Far-reaching effects": Bundesbank boss Weidmann calls for Bitcoin regulation
Bundesbank President Jens Weidmann has spoken out against the introduction of digital central bank money. "The effects of such a step for the financial sector and thus for monetary policy can be very far-reaching," Weidmann said on Wednesday at a cash conference of the Bundesbank in Frankfurt, according to the speech.
Such central bank money has a serious catch because it can compete directly with bank deposits. "And that much easier than cash." In the banks' lending business, this would further reduce margins, which could be problematic from a financial stability perspective.
9:15 a.m. // Bitcoin temporarily falls below the $ 6,000 mark
The international financial markets are panicking: on Wall Street and the DAX, the picture is dominated by deep red signs. Overall, the high price losses mean that many investors lose their appetite for risk - and thus also for crypto currencies.
Bitcoin and Co. are therefore continuing their rapid downward trend. Against the US dollar, Bitcoin threatens to break the next round mark on the way down: The price has to defend the 6,000 US dollar threshold. At times it was already below that in the morning (US $ 5,947.40 at Coindesk). Since the beginning of the year, the pioneer cryptocurrency has already lost almost 55 percent.
3:50 p.m. // Bitcoin facing the biggest weekly loss since 2013
Bitcoin temporarily plunged more than 15 percent to $ 7,625 on the Bitstamp exchange on Friday. With a loss of more than 30 percent overall, it was heading for the largest weekly loss in five years. Just before Christmas, Bitcoin had cost $ 20,000.
"The regulatory pressure is extremely high," said Naeem Aslam, chief market analyst at brokerage firm ThinkMarkets. In the short term, further price setbacks are to be expected, not only for Bitcoin, but also for other crypto currencies. According to the industry service CoinMarketCap.com, the prices of the most important virtual currencies after Bitcoin, Ethereum, Ripple and Bitcoin Cash, plummeted between 30 and 40 percent at the end of the week.
12:50 p.m. // Bitcoin price drops below $ 8,000 for the first time since November
Bitcoin's value fell below the $ 8,000 mark for the first time in eleven weeks, amid a wider cryptocurrency sell-off. On the Coinbase platform, the value fell to $ 7,923 on Friday.
09:50 a.m. // Bitcoin continues to slide: $ 8,385
Bitcoin continued its downward slide at a high pace on Friday. In morning trading, the price fell about nine percent and slipped well below the $ 9,000 mark. On the Bitstamp trading platform, the price hit $ 8,300, its lowest level since November.
4:01 p.m. // India wants to ban Bitcoin and Co. for payment processes or other transactions
Finance Minister Arun Jaitley announced on Thursday. Investing in cyber currencies is still possible for investors. The government wants to take measures to curb fraud and illegal transactions with digital currencies, added Bitcoin expert Kartik Shinde from the consulting company EY.
India has been at war with Bitcoin & Co for a long time: The government has linked them to fraudulent pyramid schemes in several cases. The local tax authorities also asked tens of thousands of cyber foreign exchange investors to pay capital gains taxes in January. According to a survey, deals worth $ 3.5 billion have been made in the past 17 months. Many investors would have kept their business secret from the authorities.
2.30 p.m. //Energy company Enel does not want to supply electricity for Bitcoin mining
The largest European energy company Enel has thrown off the Bitcoin miners who are hungry for cheap electricity. Enel has no interest in supplying electricity for the production of cryptocurrencies, the Italian company announced on Thursday. The topic had been analyzed intensively. The provision of electricity for this so-called mining does not fit into Enel's business strategy.
1:10 p.m. // Bitcoin experiences its worst crash in three years in January
January was the worst in a long time for the cryptocurrency Bitcoin: the price of a token fell by 30 percent, making it the worst monthly decline in the past three years. In the past five years, Bitcoin has declined by more than 30 percent only three times in one month, most recently in January 2015.
On Wednesday it fell below $ 10,000, a two-month low. That's about half of the all-time high of nearly $ 20,000 that was reached in mid-December. This is remarkable even by Bitcoin standards.
1:00 p.m. // Exciting story: Student invested additional income in cryptocurrencies and made a profit
When 21-year-old Max Urbahn decided last summer to invest 80 percent of his income in cryptocurrencies, his friends and family wanted to dissuade him immediately. Today, his portfolio of cryptocurrencies is worth nearly $ 13,000. You can read his story here.
12:15 p.m. // Zuckerberg's crypto ban could have completely different consequences than many think
On Tuesday evening, the hammer news came for Bitcoin fans: Facebook bans advertising for cryptocurrencies and ICOs (Initial Coin Offering) on its site. “If you want to save the crypto market, you have to prevent dubious cryptocurrencies from growing. That is exactly what Facebook is doing with the advertising ban, ”said Markus Demary, an expert on monetary policy and financial market economics from IW Cologne, to Business Insider.
10:22 am //PayPal rival Stripe is throwing out Bitcoin as a means of payment
It was the first payment service to accept Bitcoin. Now he is the first to ditch the cryptocurrency again. Stripe wanted to make international transactions easier with Bitcoin. However, current developments have shown that Bitcoin is less suitable as a means of payment and more as an investment product. The conditions for a payment service are far too unfavorable to be able to continue supporting the digital currency. This reports finanzen.net.
17:30 //Company advertises Bitcoin exchange - financial supervision prohibits business
A company that advertised on the Internet with the exchange of Bitcoin for euros has come under the target of the financial supervisory authority Bafin. According to its own information, the supervisory authority ordered the immediate suspension of the financial commission business of Crypto.exchange GmbH in Berlin on Monday. The business was carried out without the permission of the Bafin. The company had reportedly advertised against having been checked by the authority.
In the deal, investors should transfer their Bitcoins to the company, which wanted to sell the digital currency on an exchange. The purchase price should be transferred to the investors within 30 minutes. As a result, the Crypto.exchange GmbH operated a finance commission business, explained the Bafin. The authority did not provide any information on the question of possible damage to investors.
10:40 am // Crypto investors risk total loss, warns Deutsche Bank
Deutsche Bank warns against investments in cryptocurrencies. “We don't recommend that,” said Markus Müller, global head of the Chief Investment Office, to “Bloomberg”. “It's only for investors who invest speculatively. There is a realistic risk of total loss. "
09:50 am //Japan's financial regulators reprimand crypto exchange after hacker attack
After the theft of millions of digital money by hackers, the Japanese financial regulator has made the trading platform Coincheck responsible. As reported by the Japanese media, the Financial Services Agency (FSA) reprimanded Coincheck, one of the largest trading platforms for cryptocurrencies in Japan, that it did not have sufficient measures to ward off such hacker attacks. The platform has been instructed to make appropriate improvements. The police are also planning to investigate the incident, reported the Japanese news agency Kyodo.
1:00 p.m. // Starbucks wants to rely on blockchain
The Starbucks coffee house chain wants to use blockchain technology to “deepen digital customer relationships”. That said Starbucks CEO Howard Shultz at an investor conference. However, since Bitcoin is not a recognized currency, the cryptocurrency will not play a role for Starbucks, Schultz said. Starbucks has an app that customers can use to pay and collect rewards. It is considered likely that blockchain technology will be used within the app.
11:45 a.m. // IOTA course collapses - CEO gets entangled in Twitter dispute
The price of the cryptocurrency has fallen from more than three euros to less than two euros. At the beginning of the week, the IOTA Foundation announced that Volkswagen's Chief Digital Officer, Johann Jungwirth, would join the foundation's supervisory board. Co-founder and managing director David Sønstebø got involved in public disputes this week via the short message service Twitter, which many users found uncomfortable. At the beginning of January, Business Insider spoke to IOTA co-founder Dominik Schiener.
11:00 a.m. // US investor George Soros warns of Bitcoin
George Soros has criticized the Bitcoin hype. “It's a typical bubble,” he said on Thursday. "Bitcoin is not a currency," but it lacks stability. "A currency that fluctuates 25 percent a day cannot be used to pay wages, for example," said Soros in Davos, where the World Economic Forum took place.
12:05 p.m. // Rating agency ranks Bitcoin with grade "C +"
The rating agency Weiss spoke up about the Bitcon. It awards the pioneering cryptocurrency the grade “C +”. Ethereum, on the other hand, does better, even if no cryptocurrency was given the top grade “A”. Here you can read the details of the ranking.
1:40 p.m. // Theresa May considers BItcoin to be a serious problem
British Prime Minister Theresa May sees the cryptocurrency Bitcoin as a noteworthy problem. Great Britain and other countries should watch the risks "very seriously", May said on Thursday on the sidelines of the World Economic Forum in Davos to the US broadcaster Bloomberg TV. She warns that the currency could be used for illegal activities.
10:40 a.m. // Ripple wins important customers
Ripple has succeeded in gaining two important customers. In contrast to other cryptocurrencies, Ripple does not want to replace the fiat money system, but rather to provide the technology for payment transfer in the background. With this strategy, the company seems to be successful at the moment. Here are the more details on the Ripple deal.
9:30 a.m. // These digital currencies could overtake Ripple
Bitcoin remains unchallenged at the top of digital currencies, despite severe setbacks such as the crash to below 10,000 US dollars. But especially its fiercest competitors in second and third place, Ripple and Ethereum, should beware of these three underdogs in 2018. Click here for the article.
2:00 p.m. // The majority of the German financial sector considers Bitcoin to be dangerous
According to a survey, representatives of the German financial sector see the majority of dangers from the crypto currency Bitcoin and are calling for stricter regulation. As emerged from the survey results published on Tuesday by the Frankfurt “Center for Financial Studies” (CFS). Half of the respondents see possible risks for the financial system. More on this: here.
11:00 am // Analysts foresee an amazingly good year for these altcoins
In addition to Bitcoin, there are the Altcoins, the so-called alternative coins, some of which made incredible developments in 2017. Analysts believe alternative tokens will gain even more in 2018 regardless of the most recent crash.
Dennis de Jong, Managing Director of the online trading platform UFX, believes that alternative cryptocurrencies will make "rapid" profits in 2018. Tom Lee, market strategist at Fundstrat Global Advisors, also anticipates an increase in altcoins. He sees “great potential” in the alternative cyber talers. He believes Ethereum will climb to $ 1,900 by the end of the year. You can find the detailed article here.
6: 3pm //Volkswagen's Chief Digital Officer joins the IOTA Foundation's supervisory board
The IOTA Foundation announced on Monday that Volkswagen's Chief Digital Officer, Johann Jungwirth, would join the foundation's supervisory board. The news follows the recent entry of Dr. Hongquan Jiang, Partner at Robert Robert Bosch Venture Capital, to the IOTA Foundation Advisory Board.
IOTA is based on Tangle technology, a further development of blockchain technology, and is therefore a unique form of cryptocurrency. Instead of connecting one block after the other chronologically, as in the blockchain, the Tangle spins a large web. In contrast to Bitcoin, IOTA has infinite scalability, which could be a big advantage in the long term. At the beginning of January, Business Insider spoke to the founder of the cryptocurrency, Dominik Schiener.
17:59 // Bitcoin boom brings German tax authorities 726 million euros
The German state will also earn money from the Bitcoin boom: As the Frankfurt School Blockchain Center has calculated in a new study, Germany could receive additional tax revenue of 726 million euros in 2017. According to the authors of the study, Klaus Himmer and Philipp Sandner, cryptocurrencies are not subject to the withholding tax customary for stocks and bonds, but have to be taxed at the personal income tax rate.
"If you buy and sell Bitcoin privately, the tax becomes relevant when you make a profit with it," says Thomas Schmid from the Hamburg tax consultancy Mazars in an interview with Business Insider.Here you can find out everything you need to know about taxing Bitcoin & Co.
3:37 pm //Fraudsters want to manipulate the Bitcoin course with fake news
Time and again, fraudsters try to manipulate the Bitcoin rate with calculated false reports. This also applies to other cryptocurrencies, such as ether. The report that Ethereum inventor Vitalik Buterin was killed in a car accident caused the share price to fall, which only recovered after Buterin convinced the public of the opposite.
The false report that Amazon is planning to accept Bitcoin as a means of payment soon also caused the price to rise. "People who are interested in cryptocurrencies have to think soberly," quotes "Buzzfeed" as quoting blockchain expert Laz Alberto.
6:10 p.m. // Nobel laureate urgently warns against Bitcoin investment
Nobel laureate Robert Shiller warns against investing in Bitcoin. He told the US broadcaster CNBC that the Krytpo currency will probably "totally collapse". Like many other experts, he compares the development with the tulip bubble in the 17th century.
5:15 pm //A graphic shows why the Bitcoin boom is not over
The recent price losses of Bitcoin caused desperation for many investors. However, a graphic now may give hope. In recent years, a course correction has always taken place in January, which is numerically very similar to the crash at the beginning of this year. What that could mean you can find out here.
11:48 a.m. // Suicide hotline is shared in crypto forums after Bitcoin crash
After the value of Bitcoin plummeted to below $ 10,000 within a few minutes in the middle of this week, a hotline for people at risk of suicide was shared in the largest Reddit forum on cryptocurrencies. It also stated that people who are new to investing in cryptocurrency have been hardest hit by the recent drop in prices. The post has already been commented more than 3,200 times, making it the most clicked post on the topic of cryptocurrencies on Reddit this week.
10:00 a.m //Germany and France want to regulate Bitcoin
Joint proposals for regulation are planned, said the French economy and finance minister Bruno Le Maire on Thursday in Paris after a meeting with the executive finance minister Peter Altmaier (CDU). "This is something completely new," said Altmaier, referring to the crypto currency.You can find everything you need to know here.
09:30 am //The inventor of a joke cryptocurrency now worth $ 2 billion is shocked by the hype
5:50 p.m. // HowBitcoin investors invest their money after the crash
Due to recent price crashes, investors now seem to be rethinking and looking for new ways to invest their money. The purchase of precious metals seems to play a major role here. Here you can find out where the money will go after the crash.
12:23 pm //Ripple investors like in a frenzy - experts are divided
Bitcoin rival's price soared up to 60,000 percent. Ripple is now the third largest virtual currency and around 50 billion dollars on the stock exchange. Everything you need to know about Ripple can be found here.
09:48 a.m. // Bitcoin recovers after Wednesday's crash
Bitcoin cryptocurrency rebounded in part after the price plummeted below $ 10,000 on Wednesday. Bitcoin was trading at around $ 11,560 on Thursday morning.
09:45 am //South Korea is considering shutting down all local cryptocurrency platforms
This is what the chief of the Financial Services Commission, Choi Jong Ku, said on Thursday. However, it is also checked whether only those places should be closed that have violated the law. He spoke out after the cryptocurrency Bitcoin came under massive pressure. This was preceded by reports that South Korea could ban trading in cryptocurrencies. South Korea is one of the strongholds of speculation with Bitcoin & Co.
5:10 p.m. // Bitcoin: Cryptocurrency crashes below $ 10,000
Bitcoin price crashed below $ 10,000 on major trading platforms like Bitfinex. Bitcoin has lost more than a quarter of its value this week. Compared to the record high of almost $ 20,000 in mid-December, the value has even halved.
The prices of many other cryptocurrencies also crashed, including the Bitcoin alternatives Ether and Ripple. Experts are puzzling whether the digital currencies will recover from their crash or whether the bubble that has been diagnosed by many will now finally burst.
11:50 am //Why the Bitcoin Crash Can Have Surprisingly Positive Effects
11:45 a.m. //Hedge fund legend Novogratz is planning its own Bitcoin bank
"By the end of 2018, Bitcoin could easily stand at $ 40,000". With this more than optimistic estimate of the price development of the world's largest cryptocurrency, Michael Novogratz, former banker and hedge fund trader, drew attention to himself in December last year. His hedge fund Galaxy Investment Partners holds positions of several hundred million dollars in digital tokens such as Bitcoin, Ripple and Ether. Now Novogratz has new plans. You can find out more about his plans here.
09:40 a.m. // Study: Bitcoin price is subject to manipulation by traders
A study shows that "one or two" Bitcoin traders have catapulted the price of the cryptocurrency upwards by more than 700 percent. According to their research, two bots named Markus and Willy were responsible for the rapid increase in transactions, although they did not even hear the bitcoins they were trading with. You can find out more here.
09:33 a.m. // Bitcoin is stabilizing after a 25 percent slump
Bitcoin stabilized on Wednesday after its sharp drop in prices the day before. In the morning, a Bitcoin on the major Bitstamp trading platform cost around $ 11,300. On Tuesday, the price had slumped about 25 percent from around $ 14,000 to less than $ 11,000. Many other cryptocurrencies also lost significant value, including the increasingly popular Bitcoin alternatives Ether and Ripple. dpa
3:42 p.m. // Probably no Bitcoin ban in South Korea - Embarrassing details from South Korea
The reason for today's recovery in cryptocurrencies is South Korea's withdrawal: Yesterday it became known that the country would like to ban trading. Today, however, the Ministry of Finance is rowing back: Finance Minister Kim Dong-yeon contradicted the statements of Justice Minister Park Sang-ki. A ban is not to be expected in the near future.
Embarrassing detail about it: According to CNN, the Ministry of Finance only found out about the advance from the media. Representatives of both ministries would be part of a "task force" that would discuss the procedure for trading cryptocurrencies.
The recovery of digital means of payment continues in the afternoon: Bitcoin increases by around five percent, ether by as much as eleven percent. Ether is thus heading for a new all-time high.
09:20 a.m. // Bitcoin ends the downward slide for the time being
After the planned ban on Bitcion trading yesterday put the market for cryptocurrencies into turmoil, the price has stabilized this morning. Compared to the US dollar, Bitcoin has gained around 2.5 percent. However, the pioneering cryptocurrency lost over 12 percent against the US currency on a weekly basis.
5:55 pm // If you have bitcoins, you could be in for a nasty surprise from the tax office
5:50 p.m. // Despite the doom and gloom: Why experts are now recommending buying Bitcoins
Although the news situation with the statements of Warren Buffett and the uncertain trading situation in South Korea is anything but good, experts say in an interview with Business Insider that an investment could be worthwhile.You can find the analysis here.
3:00 p.m. // A decision by the Chinese government poses a threat to Bitcoin
Pan Gongsheng, the deputy governor of the Chinese central bank, recently announced that so-called "Initial Coin Offerings" (ICOs) will soon be banned and local cryptocurrency exchanges will be shut down. This comes from a document that has now been leaked on the Internet. You can find out more about this here.
10:45 am // Kodak invents its own cryptocurrency - share price has more than doubled
Everything that has to do with digital money triggers a buying reflex among investors: Kodak has barely announced its own crypto currency for photographers than the share price has more than doubled.Find the article here.
10:36 a.m. // China and South Korea's crackdown on Bitcoin causes prices to plunge
Strict regulatory efforts in the crypto strongholds of China and South Korea weighed heavily on Bitcoin on Thursday. Other digital currencies such as Ether, Ripple and Litecoin also came under pressure after reports of a prospecting ban in China and a possible trade ban in South Korea.Find the article here.
10:30 am // Warren Buffett: Cryptocurrencies will end badly
Warren Buffett warns of cryptocurrencies. He will never put money in cyber currencies. "I can say with almost certainty that it will come to a bad end with cryptocurrencies," he said on Wednesday.Find the article here.
10:00 am // IOTA founder Dominik Schiener: "We have been the most innovative altcoin project since Ethereum"
IOTA is Germany's most successful cryptocurrency. The 21-year-old Dominik Schiener developed it with two colleagues. In an interview he explains why IOTA is better than Bitcoin.Find the article here.
The current rates of the most important crypto currencies at a glance:
* Disclaimer: The price data come from Cryptonator. All course information is without guarantee.
Also read: A cryptocurrency that was meant to be a hoax is now worth more than $ 2 billion
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