
The bitcoin price has been sideways moving since mid January and consolidating around the $920 level.
In the bitcoin news today – Venezuelan authorities are cracking down on bitcoin mining facilities and are focused on “weakening” these mining operations within the region; Ethereum at a crossroad as corporate interest grows; Last week at the World Economic Forum 2017 Annual Meeting in Davos, Switzerland, the technology firm Bitfury announced the formation of the Global Blockchain Business Council (GBBC); Cryptoseed Adds Security to Your bitcoin Recovery Seed; Paxful has unleashed their new ‘bitcoin Kiosk’ widget allowing anyone to buy bitcoin in 300 different ways; A working group within the US central bank believes digital currencies and distributed ledgers could come to have a significant impact on how its citizens and businesses conduct payments – 60 page report.
More patents on the cards – Canada’s largest bank is seeking a patent for a secure means of processing payments that could connect with a public blockchain.
Financial advisory firm Rothschild & Co. issued an unusual warning on Monday: stay away from a “fraudulent” digital currency – we couldn’t agree more!
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