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Stablecoins have long divided opinion in the crypto community, with some believing they’re needed to gradually convert the masses away from fiat, whereas others have grave concerns about these dollar-pegged assets. Four experts – Gabriel Cardona, Roger Ver, Miko Matsumura, and Vin Armani – recently shared very different stablecoin opinions on the Bitcoin.com podcast.
When we talk about worldwide crypto adoption, one of the most untapped places in the world is Africa. Nigerian blockchain experts have called for greater regulation of cryptocurrency on the African continent to strengthen the sector in the region and to help boost the economy. Although most crypto-fanatics will pour scorn on any talk of
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In Bitcoin’s cryptographic design, the holder of the key (or keys in the case of multi-signature transactions), whoever holds the key to coins is the decision-maker when it comes to spending them. The fraudulent actions at Mt. Gox and other exchanges were ultimately due to this fact. People made deposits, essentially giving control of their
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Every now and then a major news outlet gets carried away and reports that Bitcoin will consume all the world’s power. A conspiracy theorist might say that such stories are instigated by the international banking cartels in order to stoke fears that Bitcoin is not a sustainable alternative to fiat currency, and recent findings by
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On October 15, Fidelity, the world’s fourth largest asset manager with $ 7.2 billion assets under management, launched its crypto custody arm. At the time, Fidelity CEO Abigail Johnson stated that the long-term strategy of the investment firm is to make Bitcoin and the rest of the cryptocurrency market more accessible to investors. “Our goal is
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Two Washington-based financial experts say that North Korea is increasingly using cryptocurrency to evade U.S. Sanctions. According to Lourdes Miranda, a financial crimes investigator specialized in intelligence collection and analysis, and Ross Delston, an expert witness who specializes in anti-money laundering and combating the financing of terrorism, Pyongyang is creating its own cryptocurrency and is likely also using popular … Continued
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Governments are known to pass bad regulations that harm industries as well as implement rules that often lead to unforeseen, negative results — consequences that significantly deviate from the new rule’s original intent. And that’s a major reason why software engineers developed Bitcoin (BTC) and other trustless mediums of exchange in the first place: to make snooping intermediaries obsolete when it comes to blockchain-powered transactions. A group of Bitcoin and finance experts this week warned the U.S.
Former Daily Show host John Stewart famously confronted CNBC Mad Money’s Jim Cramer for his coverage of the 2008 financial crisis, in what turned out to be one of the more monumental financial media events of the decade. “Your money is safe in Bear Stearns,” Cramer said just six days before the global investment bank […]
Terrorist groups such as Al-Qaeda, the Islamic State and others have unsuccessfully tried to raise money through cryptocurrencies such as Bitcoin, a former CIA analyst told Congress on Friday per Forbes. “By preparing now for terrorists’ increasing usage of cryptocurrencies, the U.S. can limit the ability to turn digital currency markets into a sanctuary for illicit finance,” said Yaya Fanusie in prepared testimony to House Financial Services Committee.
According to Fanusie, cryptocurrencies have thus far been a poor form of money because they purchase goods and weapons with hard cash in places that have unreliable technology infrastructure.
As we all know, Bitcoin is the most advanced and successful cryptocurrency of all time. In 2017 it was estimated that between 2.9 and 5.8 million individual users were using a cryptocurrency wallet and most of them were using Bitcoin. Despite being the only form of currency exchanged by Silk Road in the early days and fluctuating in value day by day, the tender firmly found its feet after the 2012 appointment of The Bitcoin Foundation.
Although one of the primary goals of Bitcoin is to create a currency that is borderless and decentralized, a recurring concern is the way (other than mining) that we are able to actually acquire it and other cryptocurrencies. Crypto exchanges became a necessary component of this equation, and they hold a huge influence over the crypto market worldwide.
At the San Francisco-based blockchain conference Distributed 2018, Ben El-Baz, Chief Strategy Officer at XDAEX, moderated a panel of experts and entrepreneurs involved in international cryptocurrency exchanges, using his own experience at a Hong Kong exchange to ask piercing questions.
Blockchain technology has increased in popularity during the last 18 months, mainly due to the unparalleled cryptocurrency rally at the end of 2017. A new study casts light on how industry executives see themselves in relation to experts amid this emerging tech.
“Excellent” to “Expert”
According to Deloitte’s 2018 Blockchain Survey, over 70 percent of the executives who took part see themselves as either “Excellent,” or as “Experts,” when it comes to blockchain.
The survey was held amid 1,053 senior executives in seven different countries – Canada, China, Germany, France, Mexico, United Kingdom, and the United States. All of the responders worked at companies generating $ 500 million or more in annual revenue.
The hashrate of the Bitcoin network, which represents the amount of computing power securing the blockchain, has continued to increase despite the 70 percent decline of BTC since January of this year. David Sapper, chief operating officer at Australia-based cryptocurrency exchange Blockbid, said in an interview with Bloomberg that the continuous rise in the hashrate
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According to a survey conducted among finance professionals, ‘crowd psychology’ is the main factor determining the movements of bitcoin market prices. More than half of the polled experts shared this opinion. Many of the individuals surveyed also expressed concerns about the issue with crypto custody, saying that the way cryptocurrency is stored now prevents BTC from becoming a global reserve asset.
A couple of experts have recently provided compelling evidence that shows that the Asian market had a prominent role to play in the recent Bitcoin price surge. Also, the current economic standoff between the United States and China is positively enhancing Bitcoin’s pedigree as a hedge against economic uncertainties.
The Return of the Far East Bitcoin Bulls
In the wake of the recent Bitcoin price surge, many analysts have tried to come up with a reasonable explanation to explain the price movement. Some experts lean towards a short squeeze. Others believe that rumors of an impending positive BTC ETF decision from the SEC drove the market hype.
A lot has been said about Bitcoin (BTC) 00 and its future. Many have weighed in on whether the cryptocurrency is going to surge past its January all-time-high or continue to decline in value. Here’s a recap of how experts weighed in on the matter throughout the past few months.
Nicholas Colas: Bitcoin ‘Was Absolutely a Bubble’
Nicholas Colas, co-founder of DataTrek Research, said that Bitcoin “was absolutely a bubble based on the futures launch in December and a lot of enthusiasm for the asset.” He also followed up by urging investors to be careful, as interest towards the cryptocurrency is declining. According to him, this “kills” the possibility of new money coming into the market.
Google’s decision to ban all bitcoin and cryptocurrency adverts on its platforms isn’t going down well with cryptocurrency and blockchain technology proponents — with some believing that there is more to the decision than meets the eye.
In March 2018, Google issued a statement announcing that cryptocurrency-focused promotional content would no longer be allowed on all of its platforms. According to the statement, the ban covers adverts for ICOs, exchange platforms, wallet services, etc.
For stakeholders like Phillip Nunn — CEO of Blackmore Group, a cryptocurrency investment firm — the ban has a tinge of hypocrisy about it. Speaking to The Independent, Nunn said:
Mastercard has their hiring eye on blockchain specialists. The massive corporation seeks to further incorporate the technology into their company and needs skilled help to do it.
Long gone are the days when “blockchain” was a term synonymous only with cryptocurrencies. Yes, it is the supporting technology for digital currencies. However, its benefits have far-reaching implications, and not just in the financial industry.
Sectors like healthcare and supply chain management can capitalize on this type of technology. Of course, its efficiency, security, and immutability do have a strong allure for the economic sector. According to Irish Tech News, Mastercard hopes to further incorporate these benefits into its corporation.
Industry experts spoke of the need for regulations and standards to boost blockchain growth at a Chinese event on Tuesday.