credits:istock.com/LEEDDONG Ethereum Coin Has Only Begun Its Move Towards Higher Prices It is an exciting time for currencies. Bitcoin has been creating new highs for many months, and now other cryptocurrencies are following suit. I am focusing on the Ethereum coin price because I have reason to believe that mind-boggling prices are on the horizon. […]
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“A person is smart; people are dumb,” is one of my favorite truisms about investing. It is true of stock markets and about cryptocurrencies, though not in the ways you might expect. But let’s take a step back here. Why are we talking about “herd mentality” in today’s Ethereum news update? The answer should be […]
Key Highlights ETH price made a sharp downside move and broke the $458 and $420 support levels against the US Dollar. There was a break below a major bullish trend line with support at $462 on the hourly chart of ETH/USD (data feed via SimpleFX). The pair started recovering after trading as low as $398.04 […]
A United Nations organization held a meeting in Ethiopia where attendees discussed potential benefits and challenges of blockchain adoption on the African continent. On November 24, a conference on blockchain technology in Africa, organized by the United Nations Economic Commission for Africa (UNECA), concluded its proceedings. The multi-day meeting, which took place in Addis Ababa, […]
November 30, 2017 12:48 AM The director general of Mexico’s central bank has said that if a bill regulating FinTech activities is passed into law, it will establish a framework regulating institutions that store and transmit cryptocurrency on their clients’ behalves. The Law Regulating the Financial Technology Institutions (FinTech Law), which is currently pending approval […]
November 30, 2017 11:15 PM A member of the ECB’s executive board has urged banks to implement instant payment systems, lest customers grow to prefer alternative services and move away from patronizing banks. Yves Mersch, who sits on the European Central Bank’s (ECB) executive board, said on November 30 that banks should hasten to develop […]
Remarks by Randal K. Quarles acknowledged cryptocurrencies and applying blockchain to payment systems. Instead of a central bank-created crypto, the Fed Vice Chairman implied he’s looking to private-sector banking to begin leveraging new technologies. On November 30, 2017, the Federal Reserve Vice Chairman Randal K. Quarles addressed those convened at the 2017 Financial Stability and […]
Update on the IRS Summons on Coinbase – The Court has issued an order directing Coinbase to produce specified documents for customer accounts with at least the equivalent of $20,000 in any one transaction type (buy, sell, send, or receive) in any one year during the 2013 to 2015 period. On November 28, 2017, Magistrate […]
News business and finance November 30, 2017 7:24 PM PwC, one of the world’s “big four” accounting firms, has received bitcoin in exchange for its services. The auditing and accounting giant PwC (formerly PricewaterhouseCoopers) has accepted an undisclosed sum in bitcoin from a client, according to a November 30 announcement. PwC Asia-Pacific chairman Raymund Chao […]
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