Scandals, accusations, and allegations abundantly published in the world press have helped to tarnish Bitcoin’s reputation.
Nevertheless, Bitcoin’s unwarranted shady reputation has hindered its rate of adoption and chased away big money investors.
Safeguards and Controls Will Inspire Confidence
Restoring Bitcoin’s reputation is becoming more and more urgent.
For example, Dr. Cowan in his article entitled “Cryptocurrency: restoring reputation for the future,” asserts that making cryptocurrencies mainstream would be key to eliminating illegal uses.
Images courtesy of Shutterstock, Pixabay, Twitter/@dfcowan
The post Bitcoin’s Next Big Battle: Restoring its Reputation appeared first on Bitcoinist.com.
However, although Bitcoin is undoubtedly not intrinsically illicit, it unfairly has a bad reputation. Scandals, accusations, and allegations abundantly published in the world press have helped to tarnish Bitcoin’s reputation.
Throughout its short existence, Bitcoin has successfully confronted several challenges, such as technical issues and internal wars. It has also withstood relentless persecution from governments and powerful financial personages.
Tether is a cryptocurrency with a growing reputation. Very recently, Tether has been noted to have some impact on the value of Bitcoin, in fact research has recently found that Tether has been used to manipulate the price of Bitcoin, bringing into question a whole host of problems and questions.
It is safe to say that Bitcoin has struggled recently. Not just in terms of its value, but also its reputation too. Bitcoin is under pressure from rival altcoins that are promising the cryptocurrency community far more than Bitcoin can offer.
Binance Coin (BNB) has recently garnered a unique reputation as a Tether styled coin that continues to remain stable even as the market bleeds. This behavior on behalf of Binance Coin (BNB) was also observed during the past few minor corrections.
Bitcoin press release: leading bitcoin sportsbook Cloudbet has thrown down the gauntlet to bitcoin betting whales, announcing astonishing betting limits for the 2018 World Cup in Russia. 18th June, 2018, Montenegro – Underlining its reputation for offering unrivalled crypto betting limits, Cloudbet is accepting wagers of up to 20BTC/140BCH on the World Cup Group and […]
The post Bitcoin Betting Juggernaut Cloudbet is Offering the Highest 2018 World Cup betting limits For Any Site appeared first on Bitcoin PR Buzz.
All Cypherpunks value privacy; it’s basically the founding principle of the collective of cryptographers, academics, developers and activists grouped around the 1990s mailing list by the same name.
Canada’s government has released draft regulations for “virtual currencies” with a consultation period of 90 days, saying that proposed regulatory changes could mean a loss of $60 million over 10 years for businesses that deal in cryptocurrencies but will improve Canada’s international reputation and make it easier for crypto businesses to deal overseas.
With crypto scams running rampant across the globe, Human Trust Protocol, aka Hub, is joining hands with Civic, a blockchain identification service provider, to verify users via know-your-client (KYC) data gathered from the Civic secure identity platform (SIP).
The Bitcoin price has taken another massive dip over the weekend. Pinpointing the exact reason for that development is not all that easy. Some people blame the hack of CoinRail to be the culprit.
Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.
Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.
Award-winning comedian, actor, writer and director Jason Attar is once again heading for the big screen with his new project KevCoin: The Movie. A follow-up to his previous film One Night in Powder, Attar will don the guise of his infamous character Kevin Powder — a rock star “fixer” who’s constantly trying to reinvent himself through wild schemes — and take on the world of digital finance as he seeks out fame and riches.
Charles Hoskinson, the founder of Cardano, has hinted at plans to enhance Dogecoin’s functionality for integration as a payment option on X (formerly Twitter).
Eric Council Jr., the man accused of helping to breach the X account of the U.S. Securities and Exchange Commission, has pleaded guilty to the charges. As a result, Council faces a potential $50,000 fine as part of the plea…
Lorenzo Sewell, a Detroit pastor who delivered a prayer on the Donald Trump inauguration, announced the launch of his official meme coin. Although the coin is meant to be used for charity purposes, crypto X reacted sceptically, to say the…
Dogecoin is back in the spotlight as leaked code from X (formerly Twitter) hints at the imminent launch of its much-anticipated payment system, X Payments.
The CEO of X, Linda Yaccarino, has hinted at the possibility of launching X Money along with other innovations for the social media platform in 2025. Many speculate that X will introduce its own cryptocurrency, given Elon Musk’s support for…