With BTC price trading at its lowest since October 2017, ardent nocoiner Nouriel Roubini has taken another shot at Bitcoin. “The Mother of All Toxic Polutions” Nouriel Roubini, currently a professor at the New York University Stern School of Business, takes every chance he gets to bash cryptocurrencies and their “bubbly” and “scammy” nature. Naturally, as the cryptocurrency market plunged this week and as Bitcoin price 00 lost over 13 percent of its price overnight, the NYU professor showed no remorse. “I could gloat about Bitcoin collapsing 10% in a…
Read MoreDay: November 16, 2018
SEC Settles Charges With Two ICO Issuers
The U.S. Securities and Exchange Commission (SEC) has settled charges with two initial coin offering issuers. These cases are the commission’s first to impose civil penalties “solely for ICO securities offering registration violations.” Both companies have agreed to refund investors, pay penalties, and register their tokens as securities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Charges Settled On Friday, Nov. 16, the SEC announced “settled charges against two companies that sold digital tokens in initial coin offerings (ICOs).” The agency explained that Carriereq Inc. (aka Airfox) and Paragon…
Read MoreThe ECB is Right: Bitcoin Was ‘Spawned’ By the Financial Crisis (Created by the ECB)
Cryptocurrency advocates continue to hit back at fresh criticism of Bitcoin from the European Central Bank (ECB), which on November 15 publicly called it the “evil spawn of the financial crisis.” Cœuré: ‘Lightning May Strike Me’ In a speech at the Economics of Payments IX conference in Basel, Switzerland, Benoît Cœuré, Chair of the Committee on Payments and Market Infrastructures of the Bank for International Settlements (BIS) and ECB Executive Board member, provided what is perhaps the Bank’s most prominent naysayer remarks yet about Bitcoin. “Few remember that Satoshi embedded…
Read MoreHash Wars: Day Two and the Anticipation for BCH Trading Platforms to Reopen
It has been close to 24 hours since the Bitcoin Cash (BCH) blockchain split on Nov. 15, and the community is assessing the first day of battle. At the time of writing, both chains are still operational and the ABC chain has a 32-block lead on the SV chain. Now many BCH supporters are patiently waiting to find out when infrastructure providers will resume deposits, withdrawals, and trading across the entire ecosystem. Also read: Hash Wars: ABC Chain Leaps More Than 50 Blocks Ahead Some Believe the Hash War Will Continue…
Read MoreRon Paul Survey: Half Would Choose Bitcoin For 10 Year Investment
Most people would choose to invest in Bitcoin over gold, fiat currency, and bonds, according to a survey by Ron Paul which continues on Twitter November 16. Bitcoin Is Best Future-proof Investment The former US lawmaker and presidential candidate, well known for his advocacy of the cryptocurrency, has so far yielded responses from over 58,000 people. Almost half of them would want to invest in Bitcoin. Traditionally much larger than in-person surveys, such as those recently conducted in the UK and Russia which also showed strong popularity for Bitcoin, Twitter polls…
Read MoreECB Official Decries Bitcoin as ‘Evil Spawn’ of Financial Crisis, Ripple Consolidates Lawsuits
In recent regulatory news, an executive board member of the European Central Bank (ECB) has given a dismissive appraisal of bitcoin and rejected the prospect of central banks issuing state-backed digital currencies in the foreseeable future. In other news, Ripple Labs has moved to consolidate three lawsuits into a single federal suit, while the police have arrested eight individuals in Tokyo who are suspected of involvement in a $68.4 million cryptocurrency pyramid scheme. Also Read: French Financial Regulator Estimates ICOs Have Raised $21.9B Globally ECB Board Member Dismisses Prospect of Central…
Read MoreNvidia Misses Q3 Revenue Target as Cryptocurrency Slump Weighs on Business
Shares of Nvidia plunged as much as 17 percent in after-hours trading on the Nasdaq Stock Market on Thursday, after the U.S. bitcoin mining equipment maker reported unexpectedly weak revenue for the third quarter. In premarket trading at the time of writing on Friday, Nvidia was down 16.01 percent at $169.99. Also Read: Canaan Hong Kong Listing Plans in Limbo ‘Crypto Hangover’ Drags Down Demand Revenue climbed 21 percent to $3.18 billion for the three months to Oct. 28, according to an earnings report released by Nvidia on Thursday. But the company…
Read MoreThe ‘Wal-Mart’ of Venezuela Has Started Accepting Bitcoin
As Venezuela is in the grip of hyperinflation, a large local Wal-Mart-like department store has started to accept bitcoin for goods. Cryptocurrencies: A Viable Alternative More and more are cryptocurrencies establishing themselves as a viable alternative to Venezuela’s redenominated local currency the Sovereign Bolivar. TRAKI, a large local department store, has purportedly started to accept cryptocurrencies. According to a Reddit thread posted by user ImVito, she was able to purchase 884 items of school supplies and clothing with as little as $260 in BTC. Supposedly, the money was donated by…
Read MoreThe Daily: Bitsane Introduces Tether-Euro Pair, Covesting Launches in Gibraltar
In Friday’s edition of The Daily, we look at Bitsane’s decision to list tether (USDT) and trade it against the euro. We also cover two other recent announcements in the crypto-space. Digital asset trading platform Covesting is launching operations in Gibraltar, where it has obtained a distributed ledger technology license. And Swissone, a Zug-based digital asset management company, is establishing a regulated tokenized fund. Also read: Coinbase Blesses Binance, Game Day for BCH Bitsane to Trade USDT Against the Euro European cryptocurrency exchange Bitsane has announced that it’s listing…
Read MoreWhy the BCash Proxy War Could Be Very Bullish for Bitcoin Price
Despite Bitcoin Cash ABC looking like it will win the BCash civil war with notable support from John McAfee and Bitstamp, the ugliness of the sideshow could actually have a bullish impact on Bitcoin (BTC) price. Pledge of Allegiance Yesterday, John McAfee came across as if he had just binge-watched several ‘Game of Thrones’ box-sets as he pledged his allegiance to Jihan Wu and Roger Ver’s vision for Bitcoin Cash (BCash). His Tweet proclaimed, “I will not let my ego destroy me by making me think I could challenge the…
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