Mohith Agadi's Blog: Journalistic Writings, page 3

To The Moon: Bitcoin Skyrockets to an All Time High of $10000

The past few weeks have been exceptionally good for the cryptocurrency Bitcoin as the digital money has been breaking barriers and surging high in value. The hot and popular cryptocurrency has cleared a stunning $10,000 on Tuesday. There has been claims that the Bitcoin price is only a bubble by many financial analysts but it looks like the coin is breaking all barriers and is doing really well in the market. It is to be noted that, According to CoinMarketCap Bitcoin has surged to an extent o...

Turkey Police Arrests Extortionists that Stole $3.54 million Worth of Bitcoins

According to Turkish news publication Habertürk, A gang of five extortionists who were targeting Bitcoin holders were captured by the Turkey police. The gang was caught in Merter which is a popular suburb located in the west of Istanbul. The big city of Istanbul has garnered widespread attention ever since the police went for the operation bringing out the biggest crime related to Bitcoin in Turkey. This week, the extortionists had taken 450 bitcoins that is estimated to be around $3.54 milli...

Supreme Court of India asks Government to Respond to Plea Regarding Bitcoin Regulation

In a move that has garnered huge attention, The Supreme Court of India has asked the government to respond to the plea that calls for regulation of Bitcoin in India. The plea to regulate bitcoin was filed by P. N. Razdan to ensure that Bitcoin, the virtual currency should be made accountable to the exchequer. It needs to be understood that cryptocurrency is the new age currency for carrying out transactions all across the world. It is a peer to peer kind of transaction that does not involve t...

SegWit2x Proposal Called Off by Its Major Proponents Helping Bitcoin Value Soar High

SegWit2x fork, the much anticipated effort to fork Bitcoin has been called off by advocates of Bitcoin on Wednesday. Owing to this move, Bitcoin reached a new height in the market going as high as $7,879. One faction of Bitcoin has been pushing hard for this particular initiative and they have come to abandon the initiative as they think it would divide the community.

Some of the most popular and well-known advocates of Bitcoin community like Blockchain.info, Xapo and Bitmain have come togeth...

Russia soon to issue its own cryptocurrency ‘CryptoRuble’

Olga Skorobogatova Deputy Governor of Central Bank of Russia on June of 2017 said, “Regulators of all countries have come to the conclusion that it is necessary to do a national virtual currency,” she also added that each country would have to “decide the issue of a specific time and maturity independently.”

In August from an RTI report, it was suggested that Ethereum co-founder Vitalik Buterin was working to adopt the blockchain technology in Russia. At a closed door meeting Russian Presiden...

Bitcoin hits new highs above $5,200; Rally seems to be continued despite china’s ban

Bitcoin hit a record high earlier today as renewed investor interest caused a upsurge for the price of cryptocurrencies but especially for Bitcoin. Hitting a high of $5,231.28, Bitcoin is now up 424% year on year.

Investors seem to be unaffected by negative news from regulators around the Bitcoin, despite China banning crytocurrency exchanges and initial coin offerings (ICOs) which previously served as a way for start-ups to raise money through the issue of tokens.

Coming back to China

Yet, r...

What is Bitcoin Gold? An Another Bitcoin Hard Fork

Bitcoin endured a hard fork this August when Bitcoin Cash spun out from the current Bitcoin system. Yet, it seems another fork lies on the road ahead as Bitcoin Gold (BTG) is on its way and could be here as early as 25 October, in a month from now.

Benefits of Bitcoin Gold

The idea behind Bitcoin Gold seems to be the release of an improved protocol, allowing users to mine currency with graphic processing units (GPUs) due to a change in Bitcoin’s algorithm. Bitcoin Gold is also rumored to use...

Mike Novogratz is starting a $500 million Bitcoin hedge fund

Mike Novogratz is ready to make a comeback to money management after two years of exile from Wall Street. He is starting a $500 million hedge fund to invest in Bitcoin and related cryptocurrencies. In an interview given to Bloomberg Television, Novogratz, however, declined to confirm such a thing, citing regulatory constraints. He expressed his eagerness in trading with cryptocurrencies.

Novogratz believes that Bitcoins need regulation and many ICOs may turn out to be fraudulent. A source fam...

Venezuela is may be moving towards Bitcoinization

In the past months, the news about the drastic growth and demand for the cryptocurrency Bitcoin in Venezuela has made the rounds in media. Daniel Osorio of CNBC was interviewed recently regarding the hyperinflation in the South American Country, Venezuela. Unlike countries burdened under the yoke of hyperinflation such as Zimbawae, Venezuela does not have access to enough dollars required to stabilize the economy.

He revealed that simple lunch costs around eight to ten dollars or more than 20...

Cryptocurrency trading volume is going through the roof

Even a few years back, nobody ever heard of anything called Cryptocurrencies. But now the way things are going, Cryptocurrency trading might soon surpass that of Apple’s or so says Jens Nordvig, founder and CEO of Exante Data. Considering the fact that he is a currency strategist, his predictions should not be taken lightly.

Recently Bitcoin, one of the best known Cryptocurrency has been doing very well despite mild setbacks and price crashes mostly due to China’s crackdown on Cryptocurrencie...