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Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question.
The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. In its defense, the company provides links to its public wallet addresses, stating that hearsay in spite of these publicly verifiable records is “perhaps indicative of a targeted campaign based on nothing but fiction.”
On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.
The amendment was suggested by members of France’s new social liberal party La Republique En Marche (LREM) on September 21, 2018. Should the amendment pass, it would allow the French government to adopt the recommendations of what’s known as the Landau report, a proponent of New York’s BitLicense.
It’s been a year since China banned Bitcoin and cryptocurrency exchanges as well as initial coin offerings (ICOs) in the populous country of 1.4 billion. The government isn’t relenting in its anti-crypto drive, either. It’s continuing to thwart initiatives involving digital coins because of crypto’s threat to China’s economic stability, even as Beijing embraces blockchain and fintech.
A new documentary titled “Bitcoin Girl” starring a young woman named He Youbing shows the difficulties of using Bitcoin (BTC) and other cryptocurrencies in practical daily life.
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With the decision on whether a cryptocurrency-based exchange traded fund (ETF) will ever launch in the U.S still sitting firmly with the Securities and Exchange Commission (SEC), experts continue to speculate on the market and its potential.
Managed investment funds based on cryptocurrencies may offer a less risky investment route for concerned investors, or a more familiar route for traditional, institutional investors.
Though CBOE and CME Group launched bitcoin-based futures in December 2017, and the SEC has approved seven blockchain-based ETFs so far in 2018, the bitcoin or cryptocurrency-based ETF is still the holy grail of the market. Some believe an outstanding bitcoin-based ETF application could be approved as soon as next month.
Applications of blockchains extend far beyond cryptocurrencies. Electronic sensor networks powered by the Internet of Things (IoT) are an untapped platform for deploying the next generation of blockchain technology, which stands to improve operating efficiency in numerous sectors, including manufacturing supply chains.
The key challenge to adopting blockchain technology on a large scale is adequately quantifying the costs and risks of deployment and ensuring security. Blockchains were first adopted in fintech, where products have short qualification cycles and are not safety critical. IoT networks can help to address these hurdles and extend blockchain technology to other sectors that require higher reliability.
Bitcoin is a cryptocurrency that has become popular all over the world, but we can’t forget its early days. From the inception of Bitcoin, it’s been more like an experiment in a distributed currency and a target for online hackers. But right now, it has become a multi-billion dollar digital asset which is widely known, thus making all financial institutions express fear due to the fact that the reason for their existence is threatened.
However, in this article, we would rather take a detailed look at the challenges Bitcoin must face or overcome to become a worldwide currency and ensure corrupt politicians don’t have their way in controlling economic funds for their personal interests.
A lawsuit has been filed against Google in Russia after the company announced restrictions on cryptocurrency-related ads. Entrepreneur Vladimir Orehov demands a 2 billion ruble compensation from the Russian Google entity ООО «Гугл». He claims the ban will deprive him of opportunities to invest in crypto projects and find investors to fund his own business initiatives.