Tagged: bitcoin

Be Careful What You Wish for, Bitcoin Lovers: It May Come True. Bitcoin’s Acceptance on Futures Trading Markets Gave it the Respectability Investors Craved, but Might Cause its Downfall

Cryptocurrencies are fast swapping their shady past for respectability. But investors pushing hard for regulated trading and adoption by Amazon may be destroying the reason for Bitcoin’s existence. Last December, Bitcoin climbed above $18,000, and finally launched on the CME futures exchange. There was little… Read More

European Supervisory Authorities Join in Issuing Warning to Consumers Regarding Risk of Buying Cryptocurrencies

The European Supervisory Authorities (ESAs), including the ESMA, EBA, and EIOPA have issued a pan-EU warning to consumers regarding the risks of buying cryptocurrencies. The ESAs are concerned that consumers are buying virtual currencies or “VCs” oblivious to the intrinsic risk including heightened volatility and the fact… Read More

Augmate Awarded BitcoinLatina Grant to Promote Mexican Blockchain Development: Creating Opportunities

Augmate,  a B2B enterprise company specializing in wearable devices, has received a grant from BitcoinLatina to promote blockchain development in Latin America. BitcoinLatina provides blockchain solutions to scale Latin American consumer, enterprise, government, military, and university services and distributed applications. Its grant, which comes in… Read More

New Jersey Halts Cryptocurrency Firm Bitstrade from Fraudulently Offering Unregistered Securities

The State of New Jersey has issued an emergency order halting Bitstrade, a firm that promised “investment profit guaranteed” via cryptocurrency related investment plans. Bitstrade posts that 960 “happy investors” have used their services. Bitstrade claims to be able to return 10% interest accrued daily… Read More

Winklevoss: Bitcoin Disrupts Gold & it is Going Higher

Speaking at the Milken Institute’s first MENA Summit in Abu Dhabi this week, Cameron Winklevoss explained his opinion that Bitcoin is poised to disrupt gold – in fact it is better than the world’s most favorite commodity safe haven. The Winklevoss twins became well-known because… Read More

Russian Authorities Detain Two Engineers at Nuclear Center in Sarov for Bitcoin Mining

According to multiple reports, two Russian engineers were detained by authorities for attempting to use computers at the Scientific Research Institute for Experimental Physics which is based in Sarov, Russia. The facility is said to be where the first Soviet nuclear weapon was produced in… Read More

ECB Board Member: “Virtual Currencies are Not Money, nor Will they be for the Foreseeable Future.”

Earlier today, Yves Mersch, Member of the Executive Board of the European Central Bank, spoke at a forum in London. Mersch addressed the topic du jour: cryptocurrencies and the future of virtual money in the digital age. Mersch posed the question as to whether or… Read More

CoinDesk Researcher Nolan Bauerle Comments on 2017 Q4 & State of Blockchain

  CoinDesk, a leading global digital media company focused on crypto assets and blockchain, released its Q4 State of Blockchain Report, a respected authority on blockchain trends research and analysis. The quarterly report comes on the heels of one of the busiest quarters in the… Read More

A Tale of Two Cities: SEC & CFTC Heads Testify Before the Senate Banking Committee

Truly, it was a tale of two cities. On February 6, 2018, the U.S. Senate Banking Committee held a hearing on the oversight role of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in respect of virtual currencies like Bitcoin… Read More

The Defense Security Service is Working with the Pentagon on Reporting Cryptocurrency Ownership

The Defense Security Service (DSS), the government agency that oversees the protection of U.S. and foreign classified information and technologies, has issued a brief statement on Bitcoin and cryptocurrencies in general. The DSS says it has received a number of questions from industry as to whether… Read More

deVere Launches Cryptocurrency App with Bitcoin Predictions

Independent financial advisory organization, deVere Group, announced on Monday it has launched a cryptocurrency app, deVere Crypto, that has bitcoin prediction. According to the company, the new app will allow users to store, transfer and exchange currently three major cryptocurrencies, namely Bitcoin, Ethereum, and LiteCoin.  While sharing more… Read More

Long Blockchain See Saws on Purchasing Bitcoin Mining Hardware

Long Blockchain Corporation (NASDAQ:LBCC), formerly known as Long Island Ice Tea Corp. due to its focus on beverages, has done an about face regarding its previously announced decision to purchase 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs. In January, the company stated it had signed… Read More

Is Bitcoin Broken Beyond All Repair?

The creation of Bitcoin, along with the Blockchain technology that enabled the digital currency, was a revolutionary act that has changed the world of finance forever. Originally envisioned as a transactional digital currency, Bitcoin has evolved more into an investment, or vehicle to speculate, due… Read More

DPW Holdings to Launch Network of Cryptocurrency ATMs

DPW Holdings, (NYSE: DPW), has announced that its subsidiary, Digital Power Lending, LLC will launch a network of cryptocurrency ATMs that will allow for the purchase and sale of cryptocurrencies along with cash withdrawals. The company said the first ATMs will be installed in 5… Read More

Jason Calacanis Slams Bitcoin, Says Leading Crypto “Could Go To Zero”

Prominent Silicon Valley investor Jason Calacanis visited with CNBC’s SquawkAlley this past week while enjoying some time in Davos, Switzerland. Last month, Calacanis told Squawk that Bitcoin is a bubble. This time, Calacanis said Bitcoin could go to zero and gave it a 1/3 chance… Read More

Fintech Broker Firm Robinhood Announces Free Bitcoin & Ethereum Trading For Users

Robinhood, a fintech broker firm, announced this week its new bitcoin and other cryptocurrencies investment platform, which its services are 24 hours a day available the platform is commission-free. Features of the platform include: Everything in one place: All cryptocurrencies, stocks, ETFs, and options are now… Read More

CFTC Market Risk Advisory Committee Meets Next Week. Will the Committee Discuss Cryptocurrencies?

The US Commodity Futures Trading Commission (CFTC) has scheduled a meeting of the Market Risk Advisory Committee (MRAC) for January 31st. The meeting, which is open to the public, will be held at the CFTC HQ in Washington, DC. If you are interested you can… Read More

Ciao Bitcoin! Stripe Ends Bitcoin Support Due to Transactional Challenges

Stripe, one of the most popular payment processing platforms around, has scheduled an end to Bitcoin acceptance. According to the company, Bitcoin transactions will end on April 23, 2018. Stripe commented on the decision in a blog post explaining they have long been excited about… Read More

Sweden Banking Group Nordea Bans Employees From Trading in Cryptocurrencies

Sweden banking group Nordea announced this week that it is banning all of its approximately 31,000 employees from trading in cryptocurrencies due to high risk. The new ban will go into effect on February 28th. A Nordea spokesperson confirmed with Reuters that the bank believes that… Read More

Watch out for the Traps! RiskIQ Says Over 600 Bitcoin Apps in Official App Stores May Scam Users

Digital threat management firm RiskIQ is out with a report that smartphone Apps are a hotbed for scams and hackers in the cryptocurrency space. Having reviewed 18,408 Apps across 20 different App stores, RiskIQ says it has uncovered 661 “blacklisted” Bitcoin Apps allowing crooks to… Read More