Sometimes it can feel as though everyone in the banking establishment hates us. But before we go and eat worms, let’s cast our eye over this very even-handed assessment of Bitcoin from an analyst at Deutsche Bank. (in German). Opinions, Myths, and Misunderstandings In a paper published last week, DB analyst Jochen Möbert cut straight through some of the key myths surrounding Bitcoin. But before we try to take the moral high-ground, we have to accept that rhetoric and hyperbole isn’t purely the domain of nasty anti-crypto establishment figures. It is a sad…
Read MoreMonth: February 2018
NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms
Accusations, rumors and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its jurisdiction will take action against such possible risks. Also Read: Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade Vigilant Against Market Manipulation The New York State Department of Financial Services (DFS) has issued a guidance paper on Wednesday, reminding all cryptocurrency companies licensed…
Read MoreSaifu: Enabling the Transition to a Digital Economy
Getting new users into the digital currency space is one of the biggest problems faced by the community at large today. Most new investors don’t know what they’re getting into, but Saifu is looking to streamline this process. On-Ramping New Users Bitcoin and cryptocurrencies are becoming more popular by the day, as is made evident by the increasing number of users across networks and mainstreaming in the form of futures trading and hedge funds. While this is a very good thing for adoption, cryptocurrencies are still in their infancy. Most…
Read MoreCryptocurrency Trader Sues T-Mobile for Giving Hackers Control of His Account
Cryptocurrency use requires great personal responsibility with regards to data security. Investors need to not only make sure they are using best security practices but must also hope that service providers that have the potential to jeopardize their holdings do so as well. In a recent federal court case, a T-Mobile client claims that the company exposed his money to hackers. Also Read: Seele ICO Sets Up Emergency Response Team After $1.8m Fraud T-Mobile Suit T-Mobile US, Inc. (NASDAQ: TMUS), the third largest wireless carrier in the United States, is…
Read MoreSEC to Focus on Cryptocurrency and ICO Fraud as Top Priority
The financial inspectors of the SEC publish their top priorities at the beginning of every year in an effort to improve compliance, prevent fraud, monitor risk, and inform regulatory policy. This year, tacking fraud in the ICO and cryptocurrency markets takes center stage. Also Read: Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade SEC Priorities for 2018 The US Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) announced on Wednesday its 2018 examination priorities. A particular interest will be placed this year on…
Read MoreInnovative trade.io Exchange Launching April 1
Promising an innovative way to trade cryptocurrencies and other assets, trade.io is set to launch its exchange on April 1 – and is well-equipped to outperform the competition. An Exchange Like No Other trade.io – a blockchain based trading platform which aims to democratize the markets, disrupt the financial industry, and recapture and redistribute wealth back to investors and companies—has already had a highly successful ICO, raising $31,169,749 from 15,073 participants who purchased 65,782,147 Trade Tokens (TIO). Additionally, the team behind trade.io has over 20 years of experience in trading,…
Read MoreBesides the Meme Jokes Crypto-Enthusiasts Are Actually Buying Lamborghinis
The luxury Italian sports car, Lamborghini, otherwise referred to as the “Lambo” has become a ‘holy grail’ for some cryptocurrency enthusiasts. As ridiculous as $200K+ automobile may sound to some individuals after bitcoin’s rise in 2017 that dream is now attainable for a lot of early adopters. Also Read: Australian Freeze: Big Aussie Banks Denying Bitcoiners When Lambo? A Lamborghini is an Italian automobile that can cost anywhere between $200,000 to $2,200,000 depending on the model. Over the past few months when many cryptocurrency enthusiasts were celebrating bitcoin’s meteoric rise, the…
Read MoreThese US States Are Racing to Become the Country’s Crypto Capitol
As Bitcoin becomes more and more viable, states like Tennessee and Arizona are racing to pass cryptocurrency-friendly legislation in an effort to become the blockchain capital of the country. On the Books Bitcoin’s quest for legitimacy is set to be aided significantly by the state of Tennessee, which looks to officially accept electronic cryptocurrency payments for financial transactions. Though it is currently not illegal to conduct business transactions with Bitcoin in The Volunteer State, Democrat Rep. Jason Powell would like to lead the charge in officially recognizing payments with digital…
Read MoreThai Government Cannot Stop Crypto Use – Regulatory Framework Expected in a Month
Thailand’s financial agencies have agreed that regulators cannot stop the use of cryptocurrencies within the country. The relevant ministries will meet and discuss the regulatory framework for digital currencies and initial coin offerings, which is expected to be finalized within a month. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Can’t Stop Crypto – Forced to Regulate Thailand’s Finance Minister Apisak Tantivorawong said on Thursday that “The government will not ban cryptocurrency trading,” the Bangkok Post reported, adding that “A regulatory framework to govern digital currencies will become…
Read MoreFour Washington DC Condos Up for Sale and You Can Pay with Bitcoin
As Bitcoin continues to garner more and more mainstream attention, so too does its purchasing power continue to grow. Now, real estate brokers and developers are looking to get in on the action. Buying Your New Home with Bitcoin Sellers and developers around the world are starting to accept Bitcoin as a viable method of purchasing property, and now four new listings are available via the cryptocurrency in northwest Washington DC. As reported by The Washington Post, developer Coloma River Capital and the Alex Venditti Group of Coldwell Banker Residential…
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