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A person claiming to be the designated reporter for an Augur predictions market which asked the question “Which party will control the House after 2018 U.S. Midterm Election?” has posted to Reddit saying that he will be reporting that the Republicans control the house today. The market ends today, 12/10, and the Decmocrats, who won
The post Augur House Elections Market: Alleged Reporter Says Republicans Won The Market appeared first on CCN
In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately
The post Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund Could be Securities appeared first on CCN
Cryptocurrency bull Tom Lee says bitcoin’s dismal price of roughly $ 3,400 is wrong because its actual fair market value is $ 13,800 to $ 14,800. The Fundstrat founder said he made the assessment by considering the number of active wallet addresses, usage per account, and supply metrics. “Fair value is significantly higher than the current price of Bitcoin,” he wrote
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In today’s chatter report, Emin Gun Sirer debates with Diego Gutierrez-Zaldivar on cryptocurrencies being a good store of value and Changepeng Zhao crowdsources Twitter for ways to trigger the next crypto bull run. Some, like Richard Heart, believe that bull runs are determined by technical indicators while others argue that fundamental changes need to be made to the cryptocurrency ecosystem.
Also read: Simple Ledger Developers Publish Monthly Puzzle With Bitcoin Cash Treasure
When the director of research at Pension Partners Charlie Bilello pointed out that most cryptocurrencies had fallen by over 90% from their all time highs, Cornell Professor Emin Gun Sirer responded that cryptocurrencies were a poor store of value.
On December 6, the Third Chamber of the Chilean Supreme Court officially sided with the state-owned BancoEstado after it banned a local crypto exchange by shutting down its bank account. Orionx, a digital asset trading platform based in Chile, filed an appeal with the supreme court following an abrupt termination of its account by BancoEstado.
The post Chile Court Says Banks Can Ban Crypto Exchanges: Will Market Survive? appeared first on CCN
The government of Venezuela has announced that it plans to create a basket of cryptocurrencies for the oil-backed state cryptocurrency, the Petro. This initiative will allow the government to sell oil in exchange for petros and bypass US-imposed sanctions at the same time. The sale and purchase of crude oil with cryptocurrency will begin in
The post Cryptocurrency Accepted: Venezuela Will Sell Oil for Petro, Maduro Says appeared first on CCN
Beijing’s Municipal Bureau of Finance chief, Huo Xuewen, has advised projects considering a security token offering as a means of fundraising, stating that security token offering (STO) fundraising is currently illegal in Beijing. At a wealth management forum on Saturday, he commented on the replacement of ICOs with the new concept of STOs, saying they
The post No Coins for You! Beijing Says Security Token Offerings are Illegal appeared first on CCN
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
The post Bitcoin is a Ponzi Scheme, Says Former Israel Prime Minister Ehud Barak appeared first on CCN
Bitcoin and cryptocurrencies are here to stay despite the current bear market, says Jeff Sprecher, chairman of the New York Stock Exchange and CEO of its parent company, Intercontinental Exchange (ICE). When asked about the plunging crypto market values, Sprecher said as an exchange operator, it’s not his place to opine about prices. However, he’s confident
The post ‘Unequivocal Yes’: NYSE Chair Says Bitcoin and Crypto Are Here To Stay appeared first on CCN
Emmett Shear, the CEO of Amazon-owned (AMZN) streaming giant Twitch, believes there are fundamental differences between active users on his platform and active users on other social media platforms like Facebook and Twitter. Shear believes that the difference between checking Facebook (FB) constantly and watching Twitch is like the difference between doing drugs and sleeping. […]
SludgeFeed
Norway, a country known for its green crypto mining outfits, has decided to roll back a tax structure which previously allowed cryptocurrency miners to be taxed on power consumption at the same rate as other industries which use a lot of energy, according to a local news outlet. A parliamentary representative named Lars Haltbrekken told … Continued
The post Norway Removes Tax Breaks for Bitcoin Mining, A ‘Disaster’ Says Bitcoin Company appeared first on CCN
Ramit Sethi, author of the bestselling “I Will Teach You to Be Rich” has taken a swipe at crypto hodlers, suggesting that their investment strategy is fundamentally faulty because it is based on emotional identity instead of rational analysis. In his opinion, the reason many crypto investors insist on suffering through bad market periods is
The post Wealthbuilding Guru Says Bitcoin Hodlers Have a ‘Problematic Mindset’ appeared first on CCN
The post Volatility is biggest barrier to mainstream adoption of crypto, says new research appeared first on CoinReport.
The price of Bitcoin (BTC) has dropped more than 23% in the last week, falling below $ 5,000 for the first time since October of 2017. While investors look for any sign of capitulation or trend reversal, there is one technical indicator that is sitting at a 3-year low. The Relative Strength Index (RSI), a momentum indicator that […]
SludgeFeed
Industrial-scale adoption of blockchain technology will surge in the next year or two. That’s the prediction of bitcoin advocate Herman Gref, the CEO of Sberbank — Russia’s largest bank and the third-largest bank in Europe. Gref said the hype surrounding blockchain has waned a bit, but its many uses will be applied in the near future.
The post Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia’s Largest Bank appeared first on CCN
Crypto loans startup Salt and its former CEO are said to be under investigation by the SEC, according to the The Wall Street Journal.
CoinDesk
Mike Novogratz, the CEO of crypto investment firm Galaxy Digital, predicts that bitcoin will break out of its 2018 doldrums and soar to $ 20,000 in 2019 — fueled by a spike in institutional investments. The former Goldman Sachs investment banker says institutional “FOMO” (fear of missing out) will drive the market up over the coming
The post Bull Call: Novogratz Says Bitcoin Will See Record Highs in 2019 appeared first on CCN
Cinnober, which was acquired by Nasdaq in September, has signed on to help Luxembourg-based Bitstamp, a crypto exchange with many millions of trades and years to its record. Bitstamp’s matching system will reportedly increase 1,250x, and its overall throughput will increase by 400x, according to the exchange’s estimates. Bitstamp will be replacing its own technology
The post ‘1250x’: Bitstamp Says New Upgrade Will Make Crypto Trading Faster than Ever appeared first on CCN
Cybersecurity researchers working for a subsidiary of Japan’s largest bank believe that they have found the hackers who stole $ 60 million from Japanese crypto exchange Zaif in an attack earlier this year. MUFG Investigates Zaif Hack According to a press release published on Monday, Japan Digital Design Co. (JDD) — a subsidiary of banking giant … Continued
The post Newsflash: Japan’s Largest Bank Says it Found ‘Source’ of $ 60 Million Hack of Crypto Exchange Zaif appeared first on CCN
Google co-founder Sergey Brin and CEO Sundar Pichai have a lot more in common than just their jobs. Both tech billionaires have crypto-savvy young sons who mine ethereum. Pichai said his 11-year-old son mines ethereum on a home computer that Pichai built himself, according to Business Insider. He made the amusing revelation at the New York Times DealBook
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