PayPal has recently announced their return to the U. S. online gambling scene, as the company will once again be facilitating deposits and withdrawals by these websites. Is this a move to reclaim the market share they lost to bitcoin exchanges? Recall that PayPal prohibited the use of its online payments platform on U. S. gambling websites back in 2003 when it formed a merger with eBay. Now that the company has split operations with the online retailer, it is ramping up its focus on the payments industry and may be seeking to regain revenues in the online gambling sector. Using Bitcoin in....
The technology underpinning the cryptocurrencies such as Bitcoin, Litecoin and others, is “one of the first truly disruptive ideas from the fintech sector,” Deutsche Bank Research has said in an online post titled Blockchain – attack is probably the best form of defence.
Authored by Thomas F. Dapp and Alexander Karollus, the post states that traditional banks should implement parts of the blockchain technology in order to defend their business models.
“Traditional banks now need to focus in particular on timely analysis of these new technological challenges and on....
Bitcoin price is testing the ascending channel support, still deciding whether to resume the uptrend or break lower.
Bitcoin Price Key Highlights.
Bitcoin price is still trending higher, moving inside the ascending channel visible on its 1-hour time frame.
As illustrated in the earlier article, price made its way back to the channel support after getting rejected on its test of resistance.
Support around $580 seems to be holding so far and technical indicators are suggesting that the climb could continue.
Technical Indicators Signals.
The 100 SMA is above the longer-term 200 SMA,....
The leading light of Iceland’s Pirate Party, Birgitta Jónsdóttir, has declared that “privacy is dead” after securing the power to form a government in a world first.
Talks between Iceland’s major political parties following October’s elections failed to produce a viable government. Guðni Jóhannesson, the incumbent president, met with Jónsdóttir on Friday to hand her the mandate to form an alternative coalition.
‘We’ll Never Reclaim Privacy’.
The Pirate Party came third in the election, claiming 14.5....
The Bitcoin Foundation - the organization with the aim to promote and protect bitcoin - has revealed new branding and a new website Wednesday in what the organization says is an effort to "focus on the power of Bitcoin to unlock potential for global financial inclusion, stable money supply in countries with monetary instability, modernization of cumbersome and expensive legacy financial systems, and increased dignity for human beings around the world." "Most people don't understand the inner workings of the credit card or banking system. And by and large, they don't care. They just want to....
The decision to bring virtual currency within the scope of our regulatory framework should be viewed by those who respect and obey the basic rule of law as a positive development for this sector. It recognizes the innovation virtual currencies provide, and the benefits they might offer society.