Google mocks miners, says cryptocurrency ‘isn’t real money’

2018-10-10 16:19

As if it hadn’t already given cryptocurrency enthusiasts enough reasons to hate it, Google has now taken a dig at the usefulness of cryptocurrencies. In a recent advertisement for its call screening service, the search engine giant mocked cryptocurrency’s high electricity consumption – and then went on to say that “it is not real money.

” It all starts when one of the characters in the ad receives a message from his electricity provider, informing him his bill is very high. “Well, cryptocurrency mining takes a lot of energy,” the character argues. Then another character chimes in: “Cryptocurrency… that money isn’t…

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The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4.

The head of the Bank for International Settlements (BIS) continued the institution’s critical stance on cryptocurrency, saying it “cannot assume the functions of money,” BIS reports July 4. Speaking to Swiss newspaper Basler Zeitung last week, subsequently published by BIS itself, general manager Agustin Carstens cautioned “young people” against “trying to create money,” drawing comparisons

2018-7-5 16:55


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Shapeshift defeated the CEO Bitcoin debate Peter Schiff

News “Bitcoin, or a similar form of cryptocurrency, will eventually replace governments’ fiat money as the preferred medium of exchange” was the resolution for a rollicking debate between Shapeshift CEO Erik Voorhees (affirmative) and Euro Pacific Capital Inc CEO Peter Schiff, prominent cryptocurrency skeptic (negative). Erik Voorhees Vanquishes Peter Schiff at Sold Out New York

2018-7-3 14:15


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Coinbase Custody is Now Live, But Will Institutional Investors Actually Use It?

As part of Coinbase’s initiative to facilitate institutional investment in the cryptocurrency market, the exchange’s Custody service is now live in the US and Europe.   Bringing in Big Money Coinbase Custody is a service which provides secure storage for crypto-assets for eligible financial institutions and hedge funds across the world.

2018-7-3 12:00


Japanese Financial Institution Will Change Virtual Money Trading Rules

Japanese financial regulator the Financial Services Agency (FSA) is considering to change the legal basis for how it regulates cryptocurrency exchanges, local media Sankei reports July 3. The FSA reportedly is considering to regulate crypto exchanges by the Financial Instruments and Exchange Act (FIEA), instead of its current legal foundation, the Payment Services Act. Should

2018-7-3 09:06


Pearl Pay ICO

Pearl Pay is a Virtual Money Logistics System that provides worldclass and yet affordable mobile wallet white-label service for rural banks. Using the latest technology, Pearl Pay will allow rural banks to launch their own virtual prepaid mobile wallet as fast as 30 days.

2018-7-2 17:20


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Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder

BitMEX co-founder Arthur Hayes has once again reiterated his prediction that the price of Bitcoin will reach $50,000 by the end of the year — but maybe not before exploring lows around $3,000. ‘One Positive Regulatory Decision Away’ Arthur Hayes, co-founder of cryptocurrency trading platform BitMEX, has doubled down on his year-end prediction for bitcoin late last week, telling CNBC’s “Fast Money” that the market leader will hit $50,000 before the year is through — but Read More The post Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder appeared first on Bitcoinist.com.

2018-7-2 13:00


Institutional Investors Betting on Crypto’s Long-term Potential

Analysts have been predicting the entry of big money from institutional investors into the cryptocurrency market would be the catalyst for the next crypto bull run. It looks like these predictions may have been correct as the latest data from a crypto firm shows a surge of institutional interest during May this year; a surprising trend considering […] Institutional Investors Betting on Crypto’s Long-term Potential was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-2 01:43


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Ethereum’s Pectra fork moves forward with Mekong testnet launch

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