The European Parliament has told lawmakers not to “ban” or “ignore” cryptocurrencies in a new report released this week, forecasting they “will remains with us for a while.”
Its publication diversifies the broad EU standpoint on the technology, which continues to include legal projects to monitor residents’ usage and clamp down on anonymity.
However, they remain unlikely to challenge the dominant position of sovereign currencies and central banks, especially those in major currency areas.
In addition to staking its belief in their longevity, the report takes aim at naysayers, directly accusing them of being “mistaken” if they think cryptocurrency technology is an inherently illegal apparatus.
Specific reference is made to findings by economist Robert Shiller, who has become infamous in recent years for his bearish stance on Bitcoin.
“VCs respond to real market demand and, most likely, will remain with us for a while.”
Many questions remain about ripple’s future however, a strong and effective media presence is a key factor.
As many of you will know, Ripple and Bitcoin are often compared to each other. This is due their similarities such as their large reputations as market caps within the industry.
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin.
A key aspect of modern society is its trust in reliable government and monetary systems. Government and central banks have been the guardians of the financial system.
Coinbase dominated headlines across the space this week with a pair of significant developments. The San Francisco–based exchange announced on Monday, June 11, its intention to add Ethereum Classic to its trading platform and then quickly followed the news on Tuesday with the official opening of a crypto index fund.
Digital assets are a relatively new asset class that made smart money investors fall in love with high gains during the 2021 bull market. Traditional finance institutions like venture capital firms then poured billions onto the crypto market, boosting development of certain protocols and projects.
BitMEX founder Arthur Hayes has recently been in the news as a high profile antagonist of ether, going as far as describing it as a “two-digit shitcoin. ” Some have accused him of using his platform to encourage users to short the number two cryptocurrency.
Initial Coin Offerings (ICO) “failed” to provide protection against insider trading or stick to their whitepaper promises, a new report from the University of Pennsylvania Law School released July 17 reveals.
