In our “Bitcoin” section, we cover the latest news, developments, and trends related to the world’s first cryptocurrency. Here you will find information about the Bitcoin network, mining, market movements, and the factors influencing the BTC price. Read the “Bitcoin” section on ForkNews to stay updated on everything happening in the Bitcoin ecosystem.
Despite the problems inherent in the current Bitcoin futures market, Bakkt's first-of-its-kind Bitcoin futures contract appears to be ready for regulatory approval.
The state of Ohio's recent decision to allow businesses to pay taxes using Bitcoin has sparked a wave of criticism in the community, with many seeing it as an impractical and ill-considered PR move.
Stranded Iranian students in the United Kingdom are using Bitcoin as a tool to circumvent economic sanctions imposed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is one of scores of Iranian students unable to pay tuition fees after US President Donald Trump imposed sanctions on Iran last month.
Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
It's been a tough week, a tough month, and a particularly challenging year for Bitcoin bulls. The price of the cryptocurrency is down 6.4% this week, 18.7% over the past month, and 76.2% year to date. The maximum reduction was 83.5%. Isaac Newton once said, “What goes up must come down,” and cryptocurrency very much confirms this theory.
Next to Istanbul banks on the banks of the Golden Horn there is a billboard that displays the current exchange rate of the Turkish lira: its value in dollars, euros, pounds, and bitcoins. The last of the currencies may seem out of place given the bearish market trend. Despite this, trading volume on Turkish cryptocurrency exchanges has increased by 37% since the beginning of October.
Former chief economist of the IMF and current professor of economics and public law at Harvard University, Kenneth Rogoff, believes that at the moment, Bitcoin and other cryptocurrencies are the same as “lottery tickets.” In an article published in The Guardian on Monday, he wrote that despite popular belief that cryptocurrencies will finally fall, it is impossible to say with certainty that their value will continue to fall.
The options, bought on trading platform LedgerX for nearly $1 million in the days before Bitcoin reached its highest price last year, expire on December 28, 2018. For investors who predicted a $50,000 price for Bitcoin to make any profit, the price of the asset would have to rise by 1,400%.
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