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According to a Reuters report, Allianz Global Investors (GI) CEO Andreas Utermann encouraged regulators to outlaw crypto. At a conference held in London, directed toward Andrew Bailey, the head of Britain’s Financial Conduct Authority. Utterman said: “You should outlaw it [crypto]. I am personally surprised that regulators haven’t stepped in harder.” Regulators Aren’t Outlawing Crypto
The post Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build appeared first on CCN
British politician Eddie Hughes has proposed allowing local taxes and bills to be paid with cryptocurrencies.
CoinDesk
Gabor Gurbacs, a director and digital asset strategist at VanEck, isn’t happy with last week’s decision by the United States Securities and Exchange Commission (SEC) to extend the review period for the VanEck/SolidX Bitcoin ETF to February 27. Making matters even more frustrating for Gurbacs, San Francisco-based cryptocurrency exchange Coinbase has announced the listing of four small-cap ERC-20 tokens — Civic (CVC), […]
SludgeFeed
Ehud Barak served as the prime minister of Israel from 1999 to 2001. These days he makes a lot of money as an investor and co-founder of startup companies in such fields as cyber espionage and cannabis. However, he seems to think that investing in cryptocurrency is less legitimate.
Also Read: The Daily: Asus Wants to Turn Gamers Into Miners, Wyoming Advances Crypto Bank Bill
Crypto ‘Oracle’ Vinny Lingham, the CEO of Civic (CVC), a decentralized architecture for identity protection, believes the price of Bitcoin (BTC) will be range-bound between $ 3,000 and $ 5,000 for at least 3 to 6 months. Winter is coming for #crypto! The Oracle of #bitcoin @VinnyLingham says to hunker down for a brutal stretch. pic.twitter.com/vRHffh0Bf7 — CNBC’s Fast Money […]
SludgeFeed
India’s supreme court has set a new date to hear the petitions against the cryptocurrency banking ban by the country’s central bank. Meanwhile, the crypto community in India is campaigning on social media for “positive regulations” and the rollback of the banking ban.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
The Supreme Court of India has reportedly set a new date to hear the petitions against the crypto banking ban by the Reserve Bank of India (RBI). The central bank issued a circular in April banning all regulated financial institutions from providing services to crypto businesses. Banks complied and closed accounts of crypto exchanges by July.
Gab, a social network created as an alternative to Twitter, has turned to BitPay, a blockchain payment processor that supports Bitcoin (BTC) and Bitcoin Cash (BCH), after being banned by PayPal (PYPL) and Coinbase due to the continued proliferation of hate speech found on the platform. In a recent tweet, Gab claims that multiple banks that […]
SludgeFeed
Kraken, a San Francisco-based cryptocurrency exchange with more than 57 trading pairs for 17 different coins, announced Sunday that it has credited holders of Bitcoin Cash (BCH) prior to the November 15 fork with Craig Wright’s Bitcoin SV (BSV). However, the exchange recently published a blog post warning investors about the risks associated with BSV, calling it […]
SludgeFeed
Russia’s Financial Monitor Service (FMS) is seeking the intervention of a global financial watchdog to regulate cryptocurrencies, local media sources have reported. Russia Wants Global Crypto Regulations The Russian financial regulatory agency contacted the Financial Action Task Force (FATF) to request an intergovernmental initiative that could control the supply and flow of cryptocurrencies. Pavel Livadny, the Deputy
The post Russian Financial Watchdog Calls for Global Crypto Exchange Regulations appeared first on CCN
Nouriel Roubini, a proclaimed critic of the crypto sector, characterized decentralization as a myth, claiming that no system, currency, or protocol can exist in a peer-to-peer ecosystem. “Decentralization in crypto is a myth. It is a system more centralized than North Korea: miners are centralized, exchanges are centralized, developers are centralized dictators (Buterin is ‘dictator
The post Roubini Calls Buterin a Dictator, Falsely Claims Crypto is Centralized appeared first on CCN
In an open letter to the Internal Revenue Service (IRS), the U.S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.
Authored by congressional representatives Kevin Brady, Lynn Jenkins, Darin LaHood, David Schweikert and Brad Wenstrup, the letter, addressed to Acting Commissioner David Kautter, calls on the IRS to devise a more concrete cryptocurrency taxing scheme than the one it currently enforces.
Goldman Sachs Chief Financial Officer Martin Chavez has come out to classify the latest speculation regarding the bank halting its efforts to launch a cryptocurrency trading desk as “fake news.” While speaking at the TechCrunch Disrupt conference in San Francisco, Chavez emphasized that Goldman Sach’s exploration of the digital asset class is an ever-evolving process […]
SludgeFeed
The war for the future of the Bitcoin Cash protocol continues to intensify, with developers at both Bitcoin ABC and nChain further entrenching themselves ahead of the network’s scheduled hard fork in November. However, one neutral development team is calling for a ceasefire. Writing in a post on the Bitcoin forum, Bitcoin Unlimited lead developer
The post Bitcoin Unlimited Calls for Ceasefire in BCH Hard Fork War appeared first on CCN
Cryptocurrency industry non-profit research and advocacy organization Coin Center is calling for Congress to enact legislation that will provide bitcoin investors with safe harbor on federal taxes incurred as the result of software forks. Writing in a post published on the Washington, D.C.-based organization’s blog, executive director Jerry Brito argued that cryptocurrency investors who have
The post Coin Center Calls for Congress to Give U.S. Taxpayers Safe Harbor on Bitcoin Hard Forks appeared first on CCN
Bitcoin Cash development team Bitcoin ABC isn’t backing down from its plan to release a contentious software upgrade in November, despite vows from other development teams and at least one major mining pool to continue using software that is incompatible with the new ABC client. On Monday, Bitcoin ABC released version 0.18.0 of its full
The post Bitcoin ABC Calls nChain’s Bluff, Vows to Proceed with Contentious Hard Fork Upgrade appeared first on CCN
Graphics chip manufacturing giant Nvidia saw huge growth in late 2017 and throughout most of 2018 as demand for its high-end Graphics Processing Units (GPUs), used for cryptocurrency mining, skyrocketed. The recent bear market has caused demand for GPUs to dwindle, leaving Nvidia to readjust its strategy.
It seems Nvidia is throwing in the towel on the development and production of its cryptocurrency mining focused graphics cards and chips.
Nvidia has seen some explosive growth over the last few years and is currently seeing a 68% increase in value in the past year alone (indicated below in yellow), although this week the stock price has slipped almost eight percent (indicated below in red).
Despite the rejection of a bid for a bitcoin ETF, the crypto market remains confident other proposals will persevere.
CoinDesk
In recent regulatory news, U.K. minister, Eddie Hughes has published a report that advocates for the creation of a “Chief Blockchain Officer,” the U.K. Financial Conduct Authority has announced that a number of distributed ledger (DLT) companies have been accepted into cohort 4 of its regulatory sandbox, and Finland’s Central Bank has published a report calling cryptocurrency a “fallacy.”
Also Read: China Round-Up: Permissive Regulations Advocated, 3 Million Chinese HODLers, Xiaolai Recording Leaks
In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, while Iran and Russia are thinking about using cryptocurrency in bilateral trade.
Also read: Bitcoin in Brief Wednesday: Coinbase Goes After Big Money as Nomura Creates Komainu
Warren Buffett has once again delivered a bearish and quote-worthy statement in regards to Bitcoin and other cryptocurrencies, calling Bitcoin “rat poison squared” – but is he still missing the point?
In case you didn’t already know, investing legend Warren Buffett doesn’t like Bitcoin.
According to CNBC‘s Becky Quick, The Oracle of Omaha once again expressed his negative views on the dominant cryptocurrency by market capitalization, stating that Bitcoin is “probably rat poison squared” while presiding at the Berkshire Hathaway 2018 annual shareholder meeting.
.@WarrenBuffett on bitcoin just now: “it’s probably rat poison squared.” #brk2018
