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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.
Former Israeli Prime Minister Ehud Barak praised blockchain as an important technology but thinks bitcoin is a Ponzi scheme that should be avoided. Barak — who was prime minister from 1999 to 2001 — made the remarks at the Globes Most Promising Startups event in Tel Aviv, Israel. Barak recently invested in, and became chairman of, the medical cannabis
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The Deputy Prime Minister of Thailand, Wissanu Krea-ngam, has called for the enhancement of cryptocurrency regulations in the country. Speaking during the fourth regional Counter-Terrorism Financing Summit which took place in Bangkok, Wissanu argued that there was a need for more domestic and international legal measures to be put in place to prevent the misuse
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New Zealand’s Prime Minister, Jacinda Ardern, is the latest high-profile individual to be used in perpetuating a cryptocurrency scam. According to the Prime Minister’s office, various ads bearing her image have appeared on social media network Facebook with the intention of persuading citizens of the Asia Pacific country to invest in a cryptocurrency startup. To
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Discord, the popular software service utilized mainly by video game communities, has quietly positioned itself to become a major player in the gaming industry. With a user base of more than 150 million, which has tripled over the last year, Discord has recently pivoted to add an online store that will sell games to customers through […]
Malta’s prime minister, Joseph Muscat, has told the U.N. that cryptocurrencies are “the inevitable future of money.”
Coinbase, the San Francisco-based cryptocurrency exchange already valued as high as $ 8 billion by itself, had a couple more additional positive developments recently. The company reportedly landed a $ 20 billion prime client and got its ads reinstated on Facebook.
$ 20 Billion Hedge Fund
Coinbase has been focusing on big institutional money recently, launching a custodial service this month and, earlier this year, establishing Coinbase Prime, a suite of tools specifically designed for institutions, along with an institutional coverage group headquartered in New York City to provide a higher level of service to these type of clients. And the strategy has apparently now started to bear fruit.
Cryptocurrency hard forks have become a lot more common in the past few months. Virtually every major currency has its own hard fork right now, and it seems this somewhat popular trend will not slow down anytime soon. With Bitcoin Prime now looming on the horizon, there will be even more confusion in the cryptocurrency industry.
Is There a Purpose to Bitcoin Prime?
We don’t necessarily need more forks of Bitcoin which will get some initial hype and then drop off the radar completely. Although it is still too early to tell what will happen with Bitcoin Prime in the long run, the project is shrouded in mystery for the time being. It was only announced a few hours ago, and no real specifics have been made public at this time.
While countries around the world argue and dither over how to effectively control, manage, or ban cryptocurrencies, the tiny Mediterranean island of Malta is looking to become the blockchain capital of the world.
Valour and Firmness (and Crypto)
When it comes to effective cryptocurrency regulation and encouragement, Malta is years ahead of (most of) the competition.
As noted by Bloomberg, the island nation’s Prime Minister, Joseph Muscat, has claimed that cryptocurrencies are “the inevitable future of money” and will form the future global economy’s foundation.
The world’s largest cryptocurrency has found a new home on one of the world’s smallest island states. Prime Minister Joseph Muscat warmly welcomed the cryptocurrency platform and spoke of his desire for Malta to become “global trailblazers in the regulation of blockchain-based businesses and the jurisdiction of quality and choice for world class fintech companies”. Colleagues joined him in welcoming Binance and spoke of a desire for Malta to become known as “the blockchain island”.
Also read: Zhao Dong Recounts How He Lost 9,000 BTC