eToro senior market analyst Mati Greenspan thinks Bitcoin’s (BTC) next parabolic run is still in its early stages. In a recent interview with Bloomberg, Greenspan touched on the latest price action that saw Bitcoin surge over $ 8,000 this week. While the largest digital currency has since pulled back to around $ 7,000, Greenspan is very bullish on the leading […]
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Unpatched Ethereum Clients Pose 51% Attack Risk, Says Report
Ethereum clients that still haven’t patched known vulnerabilities pose a security risk to the entire network, according to new research.
CoinDesk
SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending
The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make a decision on one of them next week.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
TSM’s Myth Says Twitch Streaming Fame Has Hurt His Esports Career
TSM’s Ali “Myth” Kabbani, one of the world’s most famous esports and streaming personalities, recently revealed that his Twitch streaming success has ultimately hurt his competitive career. In a recent Twitch stream, Myth explained that the popularity of his stream, which sees around 100,000 viewers on average, results in teammates playing Fortnite differently. “People genuinely, […]
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Delphi Digital’s Latest Report Says Bitcoin’s Market Cycle Is Right on Track
Delphi Digital has returned with another installment of its unspent transaction output (UTXO) reports. Recalling its report from January of this year, the research firm says bitcoin’s market cycle is right on track. The prior report called Q1 as the bottom of the bear market, and this claim was later corroborated by Adamant Capital’s own evaluation.
As before, Delphi Digital’s evaluates UTXOs as presages of market buying and selling, and by extension, the future trajectory of the market. UTXOs is a technical way of describing the last time bitcoin was moved by looking at the last block a transaction was included in.
Without a True Two-Way Peg No ‘Real’ Sidechain Exists, Says Drivechain Creator
On April 17, the founder of the Drivechain project, Paul Sztorc, published a new blog post concerning the validity of today’s so-called ‘production sidechains.’ Sztorc has declared on multiple occasions that true sidechain technology hasn’t been invented yet and even Blockstream’s Liquid protocol, dubbed “the first production sidechain,” in a critical sense is not a ‘real’ sidechain.
Also read: Statistics Show Bitcoin Cash Is a Strong Contender After Crypto Winter
Founder of Mt. Gox Creditors Cooperative Resigns, Says Settlement Could Take Years
Four days ago, news.Bitcoin.com reported on the April 3 notice to Mt. Gox creditors from the court’s civil rehabilitation trustee Nobuaki Kobayashi. Now a disclosure stemming from the founder of Mt. Gox Legal explains that the coordinator, Andy Pag, is leaving the ongoing legal battle because he thinks the process could take years to settle the case.
Also read: Uyen T Nguyen: The Powerful Young Woman Behind the Alleged ‘Satoshi Affair’
Coinbase CEO Says He Sees ‘Similarities’ in Business to StarCraft and Civilization
Brian Armstrong, the CEO of cryptocurrency giant Coinbase, recently revealed some interesting insights into his business strategy and video game preferences on Twitter. In response to a tweet by Initialized Capital partner Garry Tan that highlighted how competitive gaming teaches lessons that can be applied to startups and life, Armstrong shared that he sees similarities […]
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Fundstrat’s Tom Lee Says the Bitcoin (BTC) Bull Market Is Back
Tom Lee, a serial CNBC contributor and co-founder of market strategy firm Fundstrat Global, believes that the Bitcoin (BTC) bull market is back after this week’s 20% move. In a recent interview with Bloomberg, Lee broke down where he sees the market going, citing the fact that Bitcoin recently broke its 200-day moving average as […]
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Mike Novogratz Says Sell This Litecoin (LTC) Rally… and Buy Bitcoin
Former Goldman Sachs partner Mike Novogratz believes investors should sell the recent Litecoin (LTC) rally, emphasizing his belief that Litecoin is nothing more than a glorified Bitcoin (BTC) testnet and comparing the digital assets to silver and gold. In a recent tweet, Novogratz came out swinging by comparing the value and relative utility of gold and […]
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Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit
In the state of Florida, there’s an ongoing lawsuit against Craig Wright, the self-proclaimed Satoshi Nakamoto, for billions of dollars. Wright is being sued by the Kleiman family on behalf of the late Dave Kleiman for allegedly misappropriating billions worth of BTC through a partnership years ago. On March 29, the Kleiman vs. Wright discovery meeting transcript was published revealing more interesting details about this unique case.
Also read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright
Bitmain Says IPO Application Was Allowed to Expire on Purpose
Speculation ran rampant after an update on the Hong Kong Stock Exchange (HKEX) website showed that the IPO application of Chinese crypto mining giant Bitmain has expired. In response, Bitmain published a blog post on Tuesday where it explained the application expiration was purposeful as the company wants to continue focusing on product development and […]
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Tether Updates Website, Says USDT Backed by “Reserves,” Not Just Cash
Tether just updated its website to clarify that each of its USDT tokens, which it used to claim were “always backed 1-to-1 with traditional currency,” are backed by assets other than fiat currency.
Now, the website instead reassures its patrons that it’s always “100% backed by [its] reserves.” It clarifies this vague language, even legalistic language, by saying these reserves “include traditional currency and cash equivalents and, from time to time, may include other assets and receivables from loans made by Tether to third parties, which may include affiliated entities.”
EY Executive Says Bitcoin Has No Practical Use in India
An EY executive who recently visited India and met with a number of government agencies has voiced his opinion about the future of cryptocurrencies in the country. He believes that bitcoin has no practical use, is just another “foreign” currency, and its widespread adoption could be “very damaging to the global economy.”
Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval
‘No Practical Use’
Paul R. Brody, EY’s Global Innovation Leader (Blockchain), has shared his thoughts on the future of the crypto industry in India after his recent visit to the country. EY is one of the world’s largest professional services firms and one of the “Big Four” audit firms.
Binance CEO Says Exchange Doesn’t Consider XRP a Security
Binance CEO Changpeng “CZ” Zhao continued his push toward transparency with a recent AMA where he covered everything from decentralized exchanges to the Binance ecosystem. Perhaps the most notable statement was related to the current status of XRP (XRP), the cryptocurrency created by Ripple that many believe should be classified as a security. CZ touched […]
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Crypto Exchange WEX Linked to Iranian Ransomware Operators, Says PwC
Cryptocurrency exchange WEX, formerly called BTC-e, may have been used to launder illicit gains from the SamSam ransomware, according to PwC.
CoinDesk
Warren Buffett Says Bitcoin (BTC) Has ‘No Unique Value’
Billionaire investor and philanthropist Warren Buffett again shared some choice words about Bitcoin (BTC) and digital currencies on Monday. During an interview with CNBC’s Becky Quick, Buffett doubled down on his anti-crypto position, saying “Bitcoin has no unique value at all. It doesn’t produce anything. You can stare at it all day and no little […]
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Reddit Co-Founder Says the Bear Market Has Been Healthy for the Crypto Industry
Alexis Ohanian, the co-founder of Reddit and part-owner of the world’s most valuable esports team Cloud9, believes the prolonged cryptocurrency winter has been a net positive for the space, as it has allowed developers room to grow. In an interview with Yahoo Finance on Thursday, Ohanian gave his current take on the status of the industry, emphasizing that he […]
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Mike Novogratz Says Institutional Capital Could Drive Bitcoin (BTC) to $8,000 This Year
Former Goldman Sachs partner Mike Novogratz believes institutional investors are poised to enter the crypto market soon due to recent and future advancements in custody solutions. In a recent interview on Bloomberg, Novogratz shared that he believes Bitcoin’s (BTC) next major rally will be on the back of institutional capital flowing into the market. “All the architecture […]
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Canadian Watchdog Says It Doesn’t Regulate QuadrigaCX Exchange
British Columbia’s securities watchdog has said that it has no remit to regulate troubled crypto exchange QuadrigaCX.
CoinDesk
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