#1 Source For Bitcoin And Altcoin News
On Wednesday, Jan. 23, the Pennsylvania Department of Banking and Securities (DoBS) published guidance for virtual currency businesses operating in the state. The state’s financial agency has decided a money transmission license for cryptocurrency operations is not required.
Also Read: Former Mt Gox CEO Reflects on Incarceration in Japan While Facing More Prison Time
From CCN.com: Have you ever heard the expression ‘hope for the best and prepare for the worst’? Chinese cryptocurrency giant Huobi, a former ‘big three’ exchange, is doing exactly that. Although the exchange is a profitable business that still makes money every month, they are laying off staff and preparing for the worst amidst this
The post Asian Crypto Exchange Huobi is Tightening its Belt in the Bear Market, Plans to ‘Spend Money Carefully’ appeared first on CCN
CCN had a chance to speak with Paul Puey, founder of Edge Wallet and veteran crypto entrepreneur. Edge Wallet was previously called Airbitz. In the early days of crypto, Airbitz was a Bitcoin-only wallet that featured a directory of brick and mortar businesses which accepted Bitcoin. It was one of the only mobile wallets which
The post Bitcoin Interview: Edge Wallet’s Paul Puey on the Future of Money appeared first on CCN
Renowned hedge fund manager Jeffrey Vinik has dismissed the pot stock craze, describing cannabis investment as overrated and likely to suffer from squeezed margins. Speaking on CNBC’s Squawk Box on January 10, Vinik also revealed that bitcoin currently accounts for “zero percent” of his investment portfolio. Returning to the hedge fund scene after a five-year hiatus, the
The post ‘Nobody’s Going to Make Money’ on Pot Stocks: Hedge Funder Jeff Vinik appeared first on CCN
Law enforcement agencies in the United States have expressed worries that Chinese crypto channels are increasingly being used to launder money by Mexican drug cartels and other transnational organized crime groups. This comes at a time when the size of Chinese exports such as chemicals and other ingredients used in making hard drugs to the
The post How Mexican Cartels Use Chinese Crypto Brokers to Launder Drug Money appeared first on CCN
Charlie Lee, the founder of Litecoin (LTC), has been one of the most highly-polarizing figures in all of cryptocurrency in 2018 after famously “selling and donating” all of his LTC holdings before the bear market took hold. In a recent interview with Bloomberg, Lee discussed what he’s gone through with the crypto community after allegations of […]
SludgeFeed
According to a local Romanian news outlet Ziar de Cluj and others, Vlad Nistor — the CEO of Romania-based Bitcoin exchange CoinFlux — has been detained on behalf of the US government and is awaiting extradition. He was arrested in the city of Cluj-Napoca on Tuesday, according to another outlet. The crypto exchange has not disclosed
The post Romania: Bitcoin Exchange CEO Vlad Nistor Arrested for Money Laundering, May Face US Extradition appeared first on CCN
The Financial Action Task Force (FATF) revealed that crypto exchanges operating in the United Kingdom pose low money laundering (ML) and terrorist financing (TF) risks. The global standard setter for ML/TF published a report to evaluate the overall efforts that the UK has put in combating the money-related illegal activities. As the study touched on
The post FATF: UK Crypto Exchanges Pose ‘Low’ Money Laundering, Terrorist Financing Risk appeared first on CCN
The Dutch Central Bank, De Nederlandsche Bank, wants to regulate crypto companies by requiring them to get licenses in order to operate. The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism, according to a short brief in Dutch daily newspaper De Telegraaf. To qualify for a license, crypto
The post Dutch Central Bank Wants to Regulate Crypto Companies to Stem Money Laundering appeared first on CCN
In the bull market of 2018, initial coin offering (ICO) projects in the crypto market raised tens of millions of dollars on average from investors in the public market to create decentralized applications (dApps) and systems. Fast forward 12 months, most of the ICO projects that currently exist in the sector have either have no
The post Analyst: Crypto ICOs in Crisis, Running Out of Money With No Products appeared first on CCN
F.A. Hayek was a Nobel-prize winning economist. In the 1970s, in the middle of a punishing recession and inflationary period that lasted into the beginning Ronald Reagan’s presidency, Hayek proposed that the solution to government-caused inflation and its associated problems was to allow the issuance of private, irredeemable money to compete with fiat issued by … Continued
The post Crypto May Fulfill Nobel Winner F.A. Hayek’s Vision for Private Money: Economist appeared first on CCN
Crypto will survive the current market sell-off because it’s here to stay. However, cryptocurrencies won’t replace fiat money anytime soon. That’s the assessment of Allianz chief economist Mohamed El-Erian. “Cryptocurrencies will exist. They will become more and more widespread, but they will be part of an ecosystem,” El-Erian said at the Consensus: Invest conference in New York. “They … Continued
The post Crypto Will Survive Bear Market But Won’t Replace Money: Allianz Chief Economist appeared first on CCN
Tech billionaire Tim Draper is unfazed by the recent bitcoin crash, and insists that the global economy will soon transition to crypto. In fact, Draper boldly predicts that crypto will eventually overtake fiat money to make up two-thirds of the world’s total currency value. The Silicon Valley venture capitalist said the shift will be inevitable
The post Billionaire Tim Draper Unfazed By Bitcoin Crash, Boldly Vows Crypto Will Surpass Fiat Money appeared first on CCN
At a European Parliament meeting in 2013, British politician Godfrey William Bloom said that all major banks are broke and criticized the ability of banks to lend money they do not have, which is not possible with decentralized currencies like crypto. At the time, Bloom stated that the ability of central banks to print and
The post British Politician: Printing Fiat Money is Counterfeiting, Merit of Crypto appeared first on CCN
A trial conducted by the Commonwealth Bank of Australia and the Data61 unit of the Commonwealth Scientific and Industrial Research Organisation (CSIRO) has proven that blockchain-powered smart money possesses immense social and economic benefits for Australia’s insurance scheme for persons living with disabilities. In the proof of concept, it was demonstrated that participants in Australia’s
The post Australia’s Science Agency & Commonwealth Bank Trial Blockchain ‘Smart Money’ appeared first on CCN
Contrary to the notion among many crypto enthusiasts that bitcoin is a speculative investment with major upside potential, a stakeholder in the legacy financial sector has rubbished the value attached to digital assets, describing them as mere software algorithms with no utility. The verdict was given by the general manager of Bank for International Settlements
The post It’s Not Money! ‘Bank for Central Banks’ Slams Bitcoin [Again] appeared first on CCN
On Oct. 31, 2008, at 2:10 p.m. EDT, the creator of the Bitcoin network, Satoshi Nakamoto, announced the publication of the protocol’s whitepaper using a Vistomail email address. It’s now been 10 years to the day since Satoshi’s idea was first revealed to the world — an idea that unleashed the first pure peer-to-peer version of electronic cash.
Also read: Coinbase Raises $ 300 Million, Reaching $ 8 Billion Valuation
Despite the year-long bear market that has seen the prices of major cryptocurrencies drop 70 to 80 percent, the demand for blockchain developers is still at an all-time high. According to Mehul Patel, the CEO of San Francisco tech talent recruitment firm Hired, the demand for the blockchain has increased significantly in the past several
The post Want to Make Money as a Programmer? Learn Blockchain Development appeared first on CCN
Regulation is still a contentious subject that splits the crypto community down the middle. But after all the abuses witnessed to date, it’s hard to swallow the argument that the industry needs no regulating at all. That it will stifle innovation and kill off the beautiful utopia created by… hacks and scams and investors getting duped out of money.
Diehard libertarians aside, most people agree that some kind of regulation–the right regulation–is necessary. Businesses, crypto or otherwise, can’t survive and prosper in an environment of uncertainty. They can’t attract investors if they’re not sure that what they’re doing is legal. And they can’t keep working on their innovative protocols if they’re afraid they might get shut down from one day to the next.
Cryptocurrency investors have endured an unbelievably tumultuous year but in spite of the markets dismal performance, there are still a few strategies investors could employ to make money in a down market.
[Editor’s note: This is a guest op-ed submitted by Julia Magas. The views expressed in this article do not necessarily reflect the views of Bitcoinist and are not intended as financial advice. The given article is an opinion piece for educational purposes only. ]
