Cryptoworld

Surveys Suggest Bitcoin Still Has Enormous Growth Potential   A recent survey conducted by HSBC polling 13 developed nations indicates that the majority of citizens still have not heard of blockchain technology, with only 41% of respondents indicating familiarity with the technology underpinning bitcoin. HSBC’s Report Adds to a Growing List of Surveys That Indicate Bitcoin and Blockchain Technology Is Still in Its Early Years of Development A recent  survey  conducted by HSBC showed that 59% of consumers had not heard of blockchain technology. Of the 41% of respondents who were familiar with the technology underpinning bitcoin, 80% stated that they did not understand how blockchain technology operates. The survey polled 2,000 HSBC customers from the United Kingdom, in addition to 1,000 participants from Canada, China, France, Germany, Hong Kong, India, Mexico, Singapore, the United Arab Emirates and the United States respectively. HSBC’s repo...

The Rise of Digital Money Has Exploded Since Bitcoin’s Creation Culled from Bitcoin.com   Bitcoin changed the landscape of digital money when it was introduced to the world in 2009, and was followed by many other types of cryptocurrencies. Now bitcoin and the over 800 copycats (so called altcoins) have reached a very large market valuation of $110 billion. Let’s take a look at how this emerging digital assets landscape began and where we are today. Also read:   Are Asian Markets Creating a Bitcoin Price Bubble? The Pre-Bitcoin Era and Satoshi’s Gift David Chaum and many other cryptographers helped pave the way for Bitcoin and cryptocurrencies. Since the beginning of the Internet’s early days, the concept of digital money has always intrigued the human race. When the world wide web really started to become popularized during the late eighties, and throughout the nineties, online privacy activists called cypherpunks began creating and envisi...

Popular Demand Spurs Goldman Sachs to Start Covering Bitcoin culled from Bitcoin.com After numerous client requests, Goldman Sachs has reportedly started covering bitcoin. The firm released a report on Monday with a bearish outlook for the digital currency. Also read:   Hedge Funds Are Quietly Investing in Bitcoin ‘Due to Popular Demand’ Bitcoin.com recently  reported  on hedge funds quietly investing in bitcoin. An  article  by  Zero Hedge  on Monday confirms that hedge funds are actively trading the digital currency. In addition, fund managers that are clients of Goldman Sachs have also petitioned the firm’s chief technician Sheba Jafari to start covering it. Goldman Sachs subsequently released a client report called “GS Techs: Quick BTC” on Monday, according to the publication. “Due to popular demand, it’s worth taking a quick look at bitcoin here,” Jafari wrote, adding that the firm’s overall outlook is: Wary of a near-ter...

Bitcoin Markets Increasingly Reflect Global Transition Towards ‘The Asian Century’ China’s Bitcoin Markets Had Come To Resemble A Sleeping Giant In Recent Weeks Chinese bitcoin exchange rates has taken a 3% price lead following announcements that two of the three ‘big exchanges’ in China will again be accepting deposits and withdrawals in fiat currencies. China’s bitcoin markets had come to resemble a sleeping giant in recent weeks, following a crackdown on high leveraged margin trading by the PBOC earlier this year. The fall-out saw restriction being placed on the margin thresholds available to Chinese traders, and resulted in a 90% reduction in trading volume across the major Chinese exchanges. The announcement that two of the exchanges have returned to operations as usual regarding deposits and withdrawals has been the catalyst for Bitcoin’s sharp rise in price over recent days, culminating in the establishment of a new all-time high of over 20,000 CNY – evidencing tha...

Digital based Polybius Bank adds to advisory board with ICO set to launch Culled from crptoninjas.net 8 Polybius Bank has announced the addition of Dmitri Laush to the Polybius advisory board. Dmitri is the CEO and Co-Founder of Admiral Markets — a brokering service which was established in Estonia and has been successfully functioning in the global market for more than a decade. He will advise Polybius on the area of assigning services for trade in the derivative markets and on the integration of cryptocurrencies. Polybius adds Dmitri Laush to advisory board The project is on the eve of launching its ICO campaign set to begin on Wednesday, May 31st. For five weeks investors from all over the world will be able to purchase Polybius investment tokens. These tokens will be in the form of a smart contract guaranteeing a share of the bank’s annual profits. At the heart of the project lies the idea of reinventing the classic bank model using the most up-to-date...