Category: crypto

Pantera Capital Braces for SEC Action Against 25 Percent of ICO Investments

clublaura_e7xtqv

Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments. Also Read: BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume Pantera Capital Anticipates a Quarter of ICOs in Portfolio May Be Targeted for Securities Violations In a letter written by Dan Morehead and Joey…

Read More

BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume

clublaura_e7xtqv

The Blockchain Transparency Institute (BTI) has published its December 2018 “Exchange Volumes Report,” claiming that only two of the top 25 cryptocurrency exchanges by reported volume on Coinmarketcap pairings accurately report their trade volume. The report also asserts that wash-trading is estimated to comprise 99 percent of the purported volume for 12 of the top 25 cryptocurrency pairings by reported volume. Also Read: Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space BTI Claims Binance and Bitfinex Accurately Report Volume According to the BTI’s December report, the two…

Read More

Free Speech Social Network Gab Starts Accepting BTC

clublaura_e7xtqv

Gab, a social network dedicated to preserving freedom of speech, has announced that its store now accepts BTC directly after banks and payment processors denied the platform service. “Literally no one can no-platform our new crypto shop,” Gab announced. The platform integrated Btcpay Server after it was refused service by Coinbase and Bitpay. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Gab Begins Accepting BTC Social network platform Gab announced on Thursday that its integration of Btcpay Server has been completed. Its store now accepts payments…

Read More

Peter McCormack Tells How He Turned $32K Into $1.2M and ‘Back to Pretty Much Zero’

clublaura_e7xtqv

In an informative, entertaining, comical, and bitterly poignant tweet yesterday, What Bitcoin Did podcast host Peter McCormack explains how he amassed–and lost–his crypto fortune over the last two years. From $32K to Millionaire and Back He starts the Twitter post saying: So here is a thread on how I turned $32,000 into $1.2m and back to pretty much zero (once taxes are paid). Just note, I am not bitter or salty in any way at all, the last 2 years have been an amazing ride – travelled the world, been wealthy, been…

Read More

Bitcoin Bull Thomas Lee Claims Market Is Wrong and BTC Should Be Much Higher

clublaura_e7xtqv

Bitcoin bull Thomas Lee continues to be confident in BTC, insisting that its current price is wrong and should actually be closer to the $15,000 mark. Along with a number of other bulls, Lee has made several overly hopeful predictions this year.  Also read: Markets Update: Bears Continue to Drag Cryptocurrency Prices Down Fair Value Is Higher Than Current Price Thomas Lee, the head of research at Fundstrat Global Advisors, is a major BTC bull. Due to the number of active wallet addresses, usage per account, and other factors, Lee…

Read More

Tighten that Belt!!

clublaura_e7xtqv

Over the last four years, the European Central Bank has managed to inject  €2.6 trillion into the banking system in order to maintain economic stability.  To be clear, these cash injections have been one of the only things propping up the economy, and even the Governor of the ECB has now admitted that. Now, €2.6 trillion may not sound like a lot of money but we need to consider that this money is then multiplied by the fractional reserve banking system with each Euro created then being lent out multiple times. So the actual amount of…

Read More

Cryptocurrency Enthusiasts Can Pay $10 Million for a 12-Night Stay in Space

clublaura_e7xtqv

The Orion Span project has plans to launch a space station that will be used as a luxury hotel. Its Aurora space station is set to launch in early 2022 and a 12-night stay on the craft will set you back $9.5 million. The space hotel says it has sold out its first six months of reservations and the project is accepting cryptocurrencies that include bitcoin cash (BCH) for 12-night packages. Also read: Tipping App Gitcash Returns With Plans to ‘Make It Rain’ BCH on Github $9.5 Million for a 12-Night Stay…

Read More

Bahrain’s Central Bank Issues Draft Crypto Regulations

clublaura_e7xtqv

The Central Bank of Bahrain (CBB) has prepared draft rules designed to regulate digital assets and certain aspects of the country’s crypto industry. The move aims to establish Bahrain as a regional leader in the fintech sector and restore its role as a major banking hub in the Persian Gulf.   Also read: New Bitcoin ATM Tracker Site Launches in Russia Addressing Market Demand The regulations have been released for consultation and the bank has set Dec. 31 as the deadline for providing feedback. The proposals have been published on…

Read More

25% of Pantera Capital ICO Projects May Have to Refund Investors

clublaura_e7xtqv

Crypto hedge fund Pantera Capital says that as much as one-quarter of the projects its ICO fund invested in may be in violation of US securities laws after the SEC decision.  Things keep going from bad to worse for US blockchain companies that held ICOs without registering with the SEC. One of crypto’s largest hedge funds Pantera Capital told Bloomberg that around 25 percent of the digital currency projects in its portfolio may have to refund the money. While the California-based Pantera Capital believes that the majority of its investments…

Read More

SEC Chair ‘Optimistic’ DLT and Crypto Will Drive Investment Opportunities

clublaura_e7xtqv

Speaking as part of a testimony to the United States Senate Committee on Banking, Housing, and Urban Development, the chairman of the U.S. Securities and Exchange Commission Jay Clayton expressed optimism that the distributed ledger technology (DLT) sector will “facilitate capital formation.” Clayton also discussed the enforcement actions taken by the SEC in regulating initial coin offerings (ICOs). Also Read: New Bitcoin ATM Tracker Site Launches in Russia  SEC Chair Believes Crypto and DLT Will Generate Capital Formation Jay Clayton stated that he is “optimistic” that the developing DLT sector will…

Read More