Bitcoin

Satoshi’s Vision ‘Not a New VISA’ But An Alternative to Banks, Says Dan Held

Bitcoin creator Satoshi Nakamoto wanted it to be an “alternative to banks,” not a “new VISA,” cryptocurrency veteran and former Blockchain executive Dan Held has said. What’s In A ‘Vision’? In a series of tweets January 14, Held became the latest well-known figure to take issue with pundits who claim Bitcoin’s intended purpose is primarily […]

Blockchain

Russia: Cryptoruble Coming ‘Within 2-3 Years,’ Gov’t Official Says

Russia could introduce the Blockchain-based alternative to its fiat currency, the ‘Cryptoruble’, within “two to three years,” a senior politician has said. Aksakov: Cryptoruble ‘Will Not Differ’ From Fiat Ruble Anatoly Aksakov, chairman of the financial markets committee at Russia’s state parliament the Duma, made the forecast speaking to local news outlet RIA Novosti. Long […]

Bitcoin

Bitcoin Price Drops Further As Circle CEO Says ‘Core’ Crypto Assets ‘Undervalued’

Circle CEO Jeremy Allaire has said he believes “core” cryptocurrency assets are undervalued as the Bitcoin price tumbles closer to $ 3500. Allaire: ‘Markets Are Oversold’ In a Reddit ‘Ask Me Anything’ session January 10, Allaire, whose company famously decoupled itself from Bitcoin in 2016, also forecast less correlated trading in altcoin markets. “My general […]

Bitcoin

‘EU-Level Action Needed’ for Cryptocurrency, Says European Banking Authority

The European Banking Authority (EBA) is calling for standardized regulations for cryptocurrency operations within the EU. Europe’s banking watchdog believes such a move will eliminate unfair regulatory arbitrage while protecting investors across the bloc. A Common Monitoring Template The EBA conveyed its clamor for a regional framework for cryptocurrency regulations in a report published on Wednesday, […]

Crypto News

Amazon Stock Will Double In 3 Years, Says Hedge Funder Who Invested $1 Billion in Bitcoin

Investment manager Bill Miller — whose firm invested $ 1 billion in bitcoin in 2017 — predicts that Amazon’s stock price will double over the next three years, but believes Apple will struggle in the short term. “Amazon should double again in the next three years,” Miller — an Amazon perma-bull — told CNBC. “The top line is […]

Altcoins

Breaking: Coinbase Says Ethereum Classic Attack Included $500,000 in Double Spends

Contradicting reports from the Ethereum Classic camp, cryptocurrency exchange giant Coinbase announced this afternoon that the apparent ETC blockchain reorganization attack had been accompanied by around half a million dollars in double spends. Coinbase Detects Double Spends on Ethereum Classic Network According to Coinbase, the firm first identified the deep chain reorganization on Jan. 5, […]

Bitcoin

Bitcoin ETF ‘Not Going To Happen’ Due To US Gov’t Shutdown, Says Lawyer

A Bitcoin exchange-traded fund (ETF) is “not going to happen” in the event of a protracted US government shutdown. ‘In Reality It Would Never Happen’ That was the position of securities lawyer and frequent cryptocurrency commentator Jake Chervinsky this week in the face of mounting rumors the long-awaited instrument could soon go public. After president […]

Crypto News

Crypto VC Says Everyone’s Forgotten about Bitcoin: Why That’s Okay

Placeholder co-founder Chris Burniske says the mainstream has forgotten about bitcoin. However, that’s not something to be upset about — it’s a normal phase of crypto’s development into a market-ready technology. Bitcoin Once Again Niche amid ‘Crypto Winter’ Burniske likely refers to the media outlets who have stopped reporting on the crypto industry and also […]