Promoting Bitcoin Could Damage The Reputation Of Banks, ECB Warns

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Bill Gates Ruthlessly Mocks NFTs as Crypto Market Collapses

Fool Me Once Bill Gates really, really, really hates cryptocurrency. The billionaire Microsoft founder has not been shy about his stance on digital coins in the past, arguing with Dogecoin-pushing rival Elon Musk over the currencies' viability and calling out Bitcoin mining operations for their destructive environmental impact. Now, in the wake of the sudden […]

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JPMorgan’s Dimon Believes Bitcoin Can Hit $400k, But Still Thinks It “Worthless” — Why?

JPMorgan’s Jamie Dimon has maintained that he sees no value in the world’s largest cryptocurrency. Speaking on Monday during the annual membership virtual meeting at the Institute of International Finance conference, the American billionaire reiterated his earlier statements on Bitcoin, arguing that it was just a matter of time before the currency came crumbling to […]

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Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO

Chinese crypto mining equipment producer Canaan is arguing against the indiscriminate crackdown on cryptocurrency mining in China, citing mining’s economic efficiency. The post Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO appeared first on BeInCrypto.

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Bitcoin Market Is In Bubble Phase, Says Economist on CNBC

Bitcoin remains up over 100% in the past six weeks despite the ongoing correction. Many think that BTC will continue higher in the weeks ahead. One market economist is bearish on Bitcoin, though.

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Why a Bloomberg Analyst Thinks Bitcoin Is “Tilted” Towards Rallying Even Further

Bitcoin’s rally has stalled after hitting $12,500 on Monday. As of this article’s writing, the price of the leading cryptocurrency is $11,800. This is $700 shy of the local high. The recent drop has scared some analysts, with some arguing that a drop towards the $10,000 is possible.

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Bitcoin is Crypto, but Crypto is NOT just Bitcoin

Owing to the relative youth of the cryptocurrency market, it is often accused of lacking in maturity. Even with institutional investors rushing in, there are grounds for arguing that the Bitcoin-led mThe post Bitcoin is Crypto, but Crypto is NOT just Bitcoin appeared first on AMBCrypto.

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Prominent Investment Strategist Gives 3 Reasons to Buy Bitcoin

Despite Bitcoin’s strong bounce from the March lows of $3,700, some remain decisively bearish on the leading cryptocurrency. Take Peter Schiff, for instance. The prominent gold bull and cryptocurrency skeptic recently wrote that he thinks the asset will soon break below $9,000, arguing that Bitcoin remains in the midst of a brutal bear market.

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84% of Crypto Twitter Is Buying or Holding Bitcoin, Boosting Bull Case

There have been many analysts over recent weeks arguing that Bitcoin is clearly at a market top. As NewsBTC covered two weeks ago, one trader commented that the cryptocurrency is trading in line with a textbook “distribution” pattern.

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The Great Ethereum Debate: DeFi Versus ICOs

A great debate is taking place across the cryptocurrency community, arguing over if decentralized finance (DeFi) will have a similarly bullish impact on Ethereum price when the next bull market begins.

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Bitcoin’s Block Size Debate Has 2 Failure Modes, Critics Say

Two cryptocurrency critics have weighed in on Bitcoin’s ongoing block size debate, arguing that a middle ground is best. Anywhere outside this middle ground and Bitcoin risks undue centralization.

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$6 Billion in Stablecoins Poised to Enter Cryptocurrency Markets

Despite some analysts arguing that the next bullish cycle has already begun for the cryptocurrency markets, there still appears to be a lot of value sitting on the sidelines. Just short of $6 billion is being held in different stablecoins, presumably waiting for a signal to enter the market.

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2030: The End of Fiat Currencies?

Deutsche Bank has released a report arguing that the next decade could usher in the end of fiat currencies. Could their analysts be right? And what part does cryptocurrency have to play in that? Did Fiat Money Create Inflation? Imagine 2030, a special edition of Konzept, released by the research team at German banking giant […] The post 2030: The End of Fiat Currencies? appeared first on Crypto Briefing.

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Fundstrat Tom Lee: Current Bitcoin Market too Small to Keep Up with ETF Market Demand

Cryptocurrency and especially Bitcoin investors have long been arguing in favor of an exchange-traded fund (ETF) from the regulators, but up until now, not a single application (the last rejection being that of Bitwise) has been approved by the United States Security and Exchange Commission (SEC). These investors believe that an ETF would lead to […]

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Peter Schiff Fires Back After Facebook Crypto Head Calls Bitcoin “Digital Gold”

Last week, speaking at the New York Times DealBook Conference, David Marcus, the head of Facebook’s cryptocurrency projects, called Bitcoin “digital gold,” while simultaneously arguing that the coin is not a good currency for transactions: “I don’t think of Bitcoin as a currency.

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Chris Dixon of a16z Crypto: Denominating Libra in USD Could Ease its Integration

Facebook’s Libra cryptocurrency has been a hot topic within the FinTech community and regulators from the world’s powerful economies. Recently, the project suffered setbacks after major partners like PayPal, Visa and Mastercard considered opting out of the Libra Association.

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Crypto Tidbits: SEC Declares Bitcoin a Non-Security, Ethereum DeFi Gains Traction, PayPal Leaves Libra

Another week, another of Crypto Tidbits. After last week’s collapse, Bitcoin (BTC) took some time to settle, finding itself trading in the low-$8,000s for an extended period of time. Analysts are currently divided over what this consolidation means for the cryptocurrency market’s short-term future, with some even arguing that this is a precursor to another bear.

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Alameda Research: Bitwise Report on Fake Bitcoin Trading Volume Inaccurate

Despite recent testimony from Bitwise to the U. S. Securities and Exchange Commission (SEC), which stated that up to 95% of Bitcoin trading volume is fake, quant trading firm Alameda Research deny the validity of this claim, instead of arguing that the truth is far less clear.

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Fear-1, FOMO-0: Cryptoverse exhibits telltale signs of an investment hiccup

The cryptoverse has again found itself at the crossroads of falling market capitalization and sideways price movements, giving birth to a new wave of mixed emotions across the cryptocurrency community.

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Bitcoin [BTC] wallets pose an unintentional threat to the blockchain, says Bitcoin Core developer

The cryptocurrency market’s resurgence has caused a lot of proponents in the space to come out in support of the digital asset industry, with many arguing that this is the start of yet another bull run.

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Tether Partly Backed by Bitcoin, Court Transcription Reveals

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoin, among other assets.

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Control as Liability

The regulatory and legal environment around internet-based services and applications has changed considerably over the last decade. When large-scale social networking platforms first became popular in the 2000s, the general attitude toward mass data collection was essentially “why not?”.

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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Bitcoin Cash’s [BCH] increasing use in Japan improves coin’s credibility against BTC, claims Roger Ver

Roger Ver, Bitcoin Cash [BCH] proponent and CEO of Bitcoin. com, re-opened the BTC vs BCH, arguing that BCH was significantly better. He claimed that BCH was superior to BTC owing to the fact that Japan had more BCH-accepting shops than BTC-accepting ones.

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BIS Chief Doesn’t Want Central Banks To Issue Cryptocurrency

BIS (Bank of International Settlements) General Manager, Agustin Carstens, has been at it again. This time arguing against Central Bank Digital Currencies at the Central Bank of Ireland’s Annual Whitaker Lecture.

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Binance Now Supports Crypto Purchases With Credit Cards

Binance has finally joined the fiat-on-ramp party, adding support for crypto purchases using credit cards. This is made possible through its integration with payment processor Simplex, according to a press release shared with Bitcoin Magazine.

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How Distributed Technology Can Help Regional Currencies

Central governments often prohibit the circulation of regional ‘certificates,’ bills or other forms of money, arguing that these can devolve control over national monetary systems. At the same time, authorities are often unaware of the economic effects of introducing local currencies.

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EU Workers Now Have the Option to Take Their Pay in a Euro Stablecoin

Blockchain Payroll Platform WorkChain. io has partnered with tokenization platform STASIS to enable euro-backed crypto paychecks for its European Union (EU) users with the EURS stablecoin.

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Should the SEC have Federal Jurisdiction Over Cryptocurrencies? Congressman Aims to Sidestep Securities Law

There are those who are arguing that the federal government – particularly the Securities and Exchange Commission – should not have jurisdiction over the cryptocurrency and ICO industry. One specific individual heading the argument is Ohio Representative Warren Davidson, who is a republican and is opposed to federal oversight. In an effort to prompt the […]

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Crypto Platform Coinbase Secures $300 Million in Series E Funding Round

Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to "accelerate the adoption of cryptocurrencies," as it plans to remain the "entry-point into crypto" for millions of investors, according to a published blog post.

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Hong Kong: National Stock Exchange Calls for Fintech and DLT Laws

The Hong Kong Stock Exchange (HKEX) has published a paper on October 18, 2018, arguing that the nation’s existing financial laws should apply to Fintech, cryptocurrency and distributed ledger technology (DLT) ecosystems.

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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.

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Treasury Committee Criticizes UK Regulators’ “Unsustainable” Crypto Stance

The parliamentary report published by the UK Treasury Committee has advocated for regulation of the “wild west” crypto-assets sector. The report criticizes the “ambiguity” of the current stance of UK regulators, arguing that with effective regulations, the United Kingdom could become a “global center” for the emerging cryptocurrency sector.

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Cryptocurrency Exchanges Fall Short in Safeguarding Funds: Report

In April 2018, former New York Attorney General Eric Schneiderman sent off inquiries to more than a dozen cryptocurrencyexchanges to learn more about their internal operations.

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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

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3 Cryptocurrencies Well-Positioned to Beat BTC: NPXS, POLIS, TRIG

The cryptocurrency markets continue to provide volatility and entry points if timed correctly. This week has multiple cryptocurrencies that have been selected due to the important news on the horizon, impressive growth during the bear market and passive income that was over one hundred percent returns during the bear months.

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Montana Senator: Closing Coal Plant Could Hurt Bitcoin Mining Industry

The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.

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ICYMI: US Congressman Seeks “Ban” On Cryptocurrency And Mining

There are two sides to every coin. On Wednesday US Congressman Brad Sherman sought to ’ban’ cryptocoins in the US, as they are misused for funding criminal activities, terrorism and money laundering, and hoarding.

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Cryptocurrency Ownership a Hurdle to Investment

Security Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets.

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Crypto Custody Poses Barrier to Institutional Investment

Cryptocurrency analysts are increasingly arguing that the lack of custody services provided by leading players from within the finance industry pose a significant barrier to institutional investors seeking exposure to the cryptocurrency markets.

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BIS Chief on Cryptocurrency: “Stop Trying to Create Money”

The General Manager of the Bank of International Settlements (BIS) expressed a dystopian ending for cryptocurrencies — arguing that “creating money from nothing” has “never worked." The post BIS Chief on Cryptocurrency: “Stop Trying to Create Money” appeared first on CryptoSlate.

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Op Ed: Utility Token? Why You’re Still Better Off as a Security

The SEC’s proclamation that ether (ETH) is not a security has sparked some celebration amongst the cryptocurrency community. Regulatory clarity is always a good thing, but ICO operators shouldn’t see this as a reason to put the champagne on ice.

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