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Altcoin ‘Extinction’ Event Could Happen Now, Says Xapo President

August 14, 2018 By Mark Lyford Leave a Comment

Xapo president Ted Rogers suggested cryptocurrency markets could be facing a “mass extinction event” as Bitcoin’s fresh downturn drags altcoins ever lower.

‘Incredible Opportunity’ To Buy Bitcoin

In Twitter comments August 13, Rogers said current conditions may prove timely for a wipeout involving “90 percent” of cryptocurrency assets listed on Coinmarketcap.

Conversely, he added, Bitcoin trading around $ 6000 provides an “incredible opportunity” to buy.

“We could be in the midst of the extinction-level event for ‘cryptoassets’ that many maximalists have predicted. 90%+ of [the CoinMarketCap] list will disappear eventually – might as well happen now,” Rogers wrote. Read more...

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India: Clear-Cut Cryptocurrency Law Still Months Away, Says Gov’t Panel

August 13, 2018 By Mark Lyford Leave a Comment

Don’t expect any final cryptocurrency regulations in India at least until the end of the year, according to members of the government panel set up to examine the emerging virtual currency ecosystem in the country.

The Conundrum That is Cryptocurrency

India isn’t the first country that has struggled with adequately defining what cryptocurrencies are, in terms of being currencies, commodities, or securities. Particularly problematic for the finance ministry panel looking into cryptocurrencies in India is the means by which they can separate cryptocurrency and blockchain technology. Read more...

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New Study Says Bitcoin Has An Energy Problem That Could Exacerbate Climate Change

August 9, 2018 By Mark Lyford Leave a Comment

A newly released study asserts a large amount of electricity is eaten up as Bitcoin00 is exchanged and mined. The author suggests these consumption habits could be churning out enough carbon emissions to affect global climate change.

The relationship between Bitcoin00 and energy has always been somewhat complicated.

Many people have come to odds with miners who set up operations in smaller towns and communities and promise big opportunities, but instead throw power grids into disarray by consuming large amounts of electricity. Read more...

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‘Rich Dad, Poor Dad’ Author Says Bitcoin Will Replace ‘Fake Money’

August 6, 2018 By Mark Lyford Leave a Comment

The author of the best-selling finance book “Rich Dad, Poor Dad”, Robert Kiyosaki, expressed his concerns about the US dollar and the fact that there’s nothing to back it up. He also holds that cryptocurrencies will eventually replace it.

‘Fake Money’

The finance book “Rich Dad, Poor Dad” went on to sell upwards of 32 million copies, turning it into a multinational sensation. The book advocates the overall importance of financial literacy.

Its author, Robert Kiyosaki, shared his concerns about the current state of the US economy and its currency – the dollar, which isn’t backed by gold since President Nixon conclusively took it off the gold standard in 1971. Read more...

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‘Biggest News of the Year for Bitcoin’: ICE Deal Helps ETF Chances, Says Brian Kelly

August 5, 2018 By Mark Lyford Leave a Comment

Intercontinental Exchange (ICE) teaming up with Microsoft, Starbucks and others on digital asset platform Bakkt makes it “much easier” for a Bitcoin ETF to launch.

Kelly: ICE Is ‘Huge News’

That’s according to Brian Kelly, CNBC’s regular cryptocurrency commentator and BK Capital Management founder, who called the plans the “biggest news of the year” for Bitcoin.

“This is huge news,” he told the network during an episode of its Fast Money segment Saturday.

Kelly was speaking one day after ICE, which owns the New York Stock Exchange, confirmed its high-profile partnership to build a “global ecosystem for digital assets” with a slated launch date in November 2018. Read more...

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CoinMarketCap Says Data Glitch Boosted Its Crypto Price Numbers

August 5, 2018 By Mark Lyford Leave a Comment

A “price calculation error” on CoinMarketCap led the site to list inflated prices for several coins on the platform.
CoinDesk

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‘We Don’t Want to Compete with Coinbase’ – Says Binance CEO

August 4, 2018 By Mark Lyford Leave a Comment

Changpeng “CZ” Zhao, shared some of his big ideas on the future of blockchain and cryptocurrency with Fortune magazine this week. And it’s probably worth listening to the man running the biggest crypto-exchange in the world.

The future is not now, but is decentralised

Binance acquired Trust Wallet this week, and here at Bitcoinist, we focussed on the benefits of adding a mobile wallet to its services. What was perhaps underplayed was that Trust Wallet also acts as a browser for decentralized apps (dApps). Read more...

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Venezuela’s New National Currency Will Be Tied to the Petro, Says President

July 26, 2018 By Mark Lyford Leave a Comment

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial “petro” token.
CoinDesk

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Bitcoin Price Surge Due to Increased Trading Volume in Asia, Says Experts

July 26, 2018 By Mark Lyford Leave a Comment

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. Read more...

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XRP is Not a Real Cryptocurrency, Says Expert

July 20, 2018 By Mark Lyford Leave a Comment

The argument over whether XRP is a security remains a popular debate in the cryptocurrency industry. Now, one expert is saying that XRP isn’t even a “real cryptocurrency.” Meanwhile, the SEC has yet to issue any official word of whether or not it considers XRP to be a security.

Major Players Shying Away from XRP

Coinbase recently announced that it was considering adding five more tokens to its catalog of supported cryptocurrencies. Stellar Lumens is one of the prospective tokens that the San Francisco-based cryptocurrency exchange platform is looking to add. Many market observers are aware of the rivalry between Ripple and Stellar. Read more...

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