#1 Source For Bitcoin And Altcoin News
Over the past 24 hours, the price of Bitcoin fell from $ 4,900 to $ 4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On fiat-to-crypto exchanges like Coinbase and Kraken, which demonstrate a more accurate representation of the Bitcoin price given the premium on the Tether-to-BTC pair, the price of BTC dropped below
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Former Commodity Futures Commission Chairman Gary Gensler, who helmed the organization from mid-2009 to early 2014, recently shared his opinions on cryptocurrency regulation in a Bloomberg interview. Need For Regulation Gensler was asked about the validity of blockchain technology, and the regulator-turned-blockchain-lecturer stated outright that it “has a real chance to be a catalyst for
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Naeem Aslam, chief market analyst at Think Markets UK, has stated that Bitcoin needs a blessing from the US Securities and Exchange Commission (SEC) to revitalize and experience a recovery in price. According to Aslam, the approval of the first Bitcoin exchange-traded fund (ETF), which would allow accredited investors and individual traders in US markets
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Along with Bitcoin, blockchain is possibly one of the biggest buzzwords in the world today.
Supporters of blockchain claim that it will change everything from financial services to healthcare. Noting that its ability to function without a central authority and also being able to store data without being tampered with.
They also think it will be greatly beneficial for several industries beyond finance and healthcare but also technology, real estate and law too.
Continue reading What Blockchain Needs Before It Becomes Mainstream at Crypto Daily™.
The chief executive of cryptocurrency-funded web browser Brave has penned a letter to the U.S. Senate calling for legislators to adopt data privacy regulations comparable to those recently implemented in Europe. Brave CEO Calls for a U.S. GDPR Writing in the letter dated Sept. 28 and addressed to the U.S. Senate Committee on Commerce, Science,
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In an exclusive interview with CCN, the CEO of the world’s largest Bitcoin ATM network took a hard stance against those who believe in a world where Bitcoin and its peers can survive unregulated. Sheffield Clark, whose company — Coinsource — recently installed 17 new Bitcoin ATMs in Florida, stated that cryptocurrency is not a
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Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth.
Also read: Ex-Liberia Central Bank Chief Under Probe For Missing $ 104M, State Seeks FBI Help
Central banks have come under fire for aiding struggling economies to crash through reckless money creation, thereby fueling inflation. Prominent economist and currency expert Steve Hanke, who played a key role in establishing new currency in Argentina, Estonia, Bulgaria and Ecuador, says the world needs fewer state banks to prevent economic and cash crises.
Lawmakers in the United Kingdom have displayed interest in taming the “Wild West” cryptocurrency market to protect citizens and encourage industry growth in the country. A report released by the Treasury Committee Wednesday called for the government to address issues regarding poor security generated from price swings, hackers and anonymity, which may contribute to rising […]
SludgeFeed
At World AI Conference 2018, Jack Ma, the co-founder and chairman of $ 414 billion e-commerce conglomerate Alibaba, stated that artificial intelligence (AI), blockchain, and Internet of Things (IoT) can all become meaningless if they fail to target the manufacturing industry. “AI, Blockchain and IoT will be meaningless tech unless they can promote the transformation of
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Bitcoin as Frankenstein is a really interesting concept. Before I begin, let me humour the horror story fanatics amongst us and say yes, ‘Bitcoin as Frankenstein’ is inaccurate, we are actually referring to ‘Bitcoin as Frankenstein’s Monster’ here.
This, stems from a report in The Fintech Times that discusses how Bitcoin is slowly becoming a monster, made up of a number of different bits and pieces, a number of different ideas and a number of theories.
Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP.
The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the internal payments market, alone, is $ 155 trillion. According to Kelly, it costs about $ 31 billion to move the entire $ 155 trillion strong market.
The travel industry is one that could highly benefit from transitioning to blockchain technology – and it needs to do so immediately.
Despite substantial and continuous developments in engineering new machines for transportation, the supporting services attached to them have not progressed at the same pace. As international travel has become more and more common, the lapses and deficiencies of the stunted travel industry are painfully evident.
Hot on the heels of their Coincheck acquisition, Monex has stated that Japanese exchanges need to have tougher regulations in place.
Japan has long been known for being a crypto-friendly country. In fact, they saw phenomenal numbers last year when $ 97 billion was traded in just one month. In addition, reports for the 20th of April show that Yen-based Bitcoin trades made up more than 50% of global trades over a 24-hour period.
As regulation efforts increase all around the world, Japan has also shown their support by presenting guidelines on ICOs. However, according to Reuters, online brokerage Monex Group Inc believes that the country can do more with regard to crypto exchange regulations.
Industry experts spoke of the need for regulations and standards to boost blockchain growth at a Chinese event on Tuesday.
CoinDesk
With the cryptocurrency markets getting a temporary reprieve, it is evident interesting things can happen. Judging by the previous weeks, this upward momentum will not last that long. For the Ethereum price, the question is whether or not remaining above $ 400 is in the cards. Right now, it seems that is a successful venture, but it will not last all that long.
In his latest Q&A on March 24th, 2018, Bitcoin evangelist, educator, and influencer Andreas Antonopoulos explains what the cryptocurrency industry needs next and his expectations for Bitcoin development.
Antonopoulos begins the Q&A by noting, partly in jest, that the industry does not need “some kind of artificially intelligent, neural network based, 3D printing, drone-based Mars expedition.”
Instead, he states:
The truth is that the most important projects at this stage are really basic, basic infrastructure projects.
According to Antonopoulos, the four key things that the Bitcoin industry does need are more exchanges, continued wallet development, usable ATMs, and education systems.
An official from China’s Securities Regulatory Commission said complete decentralization is not the best way to reap blockchain’s benefits.
CoinDesk
Some financial institutions are claiming that a lack of demand from clients, coupled with a drought of important use cases, is holding Bitcoin and other cryptocurrencies back.
If you want to start actually using Bitcoin and other cryptocurrencies, says JPMorgan Chase & Co., you need to start asking.
According to Bill Clerico, CEO of JPMorgan-owned WePay, his company simply isn’t receiving enough requests to justify supporting cryptocurrency transactions.
Clerico also adds that nobody has found a must-have use case for Bitcoin or crypto, which is needed to truly drive cryptocurrency into the mainstream. “Crypto is very interesting,” he told Bloomberg, “[but] no one has figured out a killer use-case.”
