Nick Chong

Core to Bitcoin's role as an investment is its scarcity. With a disinflationary supply curve and a maximum supply of 21 million coins, the cryptocurrency derives much of its value from being scarce. Models such as those created by analysts like Plan B suggest this much is true.

Moving in line with other central banks, the Bank of Spain is working to pursue digital currencies further, a new plan released on Friday indicates. The Spanish central bank, also known as Banco de España, released a strategic plan for its operations in the four years ahead. Along with noting

Macro investor Raoul Pal is adamant that Bitcoin will undergo exponential growth this cycle.  In an interview with investment publication Stansberry Research last week, the former head of Goldman Sachs' hedge fund sales division said that Bitcoin is likely to reach a price of $1 million in the coming

Announced Friday morning, OKEx has frozen all withdrawals, from bitcoin to altcoin withdrawals. OKEx is a leading digital asset exchange that has processed over $3.35 billion in volume in the past 24 hours, data suggests.  The company says that one of its "private key holders" is currently

According to Hans Hauge, Head of Quantitative Strategy at Ikigai Asset Management, publicly traded companies now hold bitcoin worth as much as Bitcoin's entire market capitalization in April 2016.  In a tweet, Hauge said that "in April of 2016 #Bitcoin's market cap was $6.8

In an announcement posted to the Mt. Gox domain on October 15th, trustee Nobuaki Kobayashi announced that the rehabilitation of the exchange has once again been delayed. He claimed that within the proposed rehabilitation plan, there are "matters that require closer examination," making it "necessary to extend

In a report released on October 14th, digital asset manager Grayscale Investments confirmed that it had seen $1.05 billion in capital inflows over the third quarter.  Its flagship product, the Grayscale Bitcoin Trust (GBTC), absorbed $719.3 million worth of bitcoin over this time frame. In aggregate, the Trust

Announced on October 13th, cryptocurrency mining firm Marathon Patent Group has formed a strategic partnership with Beowulf Energy, a power infrastructure company based in the U.S., to launch a new Bitcoin mining farm. The joint venture will see the firms establish a data center in Montana, nearby Beowulf'