The price of bitcoin surged nearly 20% this weekend to hit highs not seen since 2014. But is this upward momentum being fueled by reduced supply, increasing demand or both? CoinDesk speaks with market observers to learn more.
Charles Bovaird / Jun 14, 2016 01:23 pm
Market observers weigh in on bitcoin's latest price increase, voicing their opinions on what drove the value of the digital currency over $700. Theories point to possible influences as diverse as the economic conditions in the UK and China and the coming reduction in bitcoin rewards.
Charles Bovaird / Jun 13, 2016 10:48 pm
Professional services giant PwC is to launch a research project that will investigate the potential of blockchain tech in the wholesale insurance industry through a survey and proof-of-concept prototype. Carried out in partnership with Z/Yen, both the study and the proof-of-concept are expected to be completed in July.
Daniel Palmer / Jun 13, 2016 10:08 pm
Bitcoin micropayments startup ChangeTip is struggling to find a buyer after its engineering team was purchased by travel lodgings firm Airbnb in April for over $1m. Emails to investors suggest more than 60 companies have already passed on possible deals and that the sale was prompted by lack of operating funds.
Pete Rizzo / Jun 13, 2016 08:02 pm
San Francisco startup Ripple has become the second blockchain firm to receive a BitLicense in New York. The approval comes nearly nine months after bitcoin payments app provider Circle was awarded the first such licensure in September of last year.
Pete Rizzo / Jun 13, 2016 06:25 pm
Blockchain interest and awareness are increasing on Capitol Hill, spurred by a series of recent high-profile events. Over the past two weeks blockchain industry leaders have participated in two events with the White House, including one with technology advisors to President Barack Obama.
Michael del Castillo / Jun 13, 2016 05:44 pm
Azteco owner and blogger Akin Fernandez offers a critique of a presentation given last week at the US Federal Reserve to an audience of 90 central bankers. In this opinion piece, he explains why he believes the event didn't properly represent the technology and why a 'FedCoin' would be doomed from the start.
Akin Fernandez / Jun 13, 2016 04:32 pm
Bitcoin startup 21 Inc open-sourced its bitcoin micropayments software this weekend in the latest move that finds it taking steps to explain its technology to the wider public. In a new blog post, 21's team used the launch to describe the offering as a potential catalyst for what they called the 'third web'.
Daniel Palmer / Jun 13, 2016 03:45 pm