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Bitcoin Is ‘Comforting’ And ‘Can’t Be Stopped,’ U.S. Senator Says

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Bitcoin has its back covered by this American senator who believes in the potential of the crypto to bring good things to the U.S. financial sector and economy in general.

Senator Cynthia Lummis may be the most prominent champion for the crypto sector in Congress. Her strong support for the cryptocurrency industry distinguishes her from her counterparts.

During an interview on Hard Money with investigative journalist Natalie Brunell on Wednesday, Lummis did not mince words and said Bitcoin “can’t be stopped,” after Brunell pointed out that many still don’t understand how the crypto works and how it is actually a “powerful tool” in changing people’s lives.  Read more...

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The Great Wall: Why China’s Central Planners Can’t Handle Bitcoin

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There is historical precedent for China’s resistance to bitcoin, a money that enables freedom and individual pursuit of capital.

This is an opinion editorial by Andrew Axelrod a Bitcoin educator and contributor to Bitcoin Magazine

Much like the tragic figures of Greek mythology, China has a long and storied history of snatching defeat from the jaws of victory. Its ruling class, in particular, has always had an insatiable appetite for self-flagellation. Banning bitcoin is just the final chapter of this sad and destructive story.  Read more...

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Why You Can’t Bet With Bitcoin at Online Casinos in the US

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Why You Can't Bet With Bitcoin Using Online Casinos in the US

Since the dawn of Bitcoin, the cryptocurrency landscape has seen a lot of digital currency gaming websites where users can wager their coins in games like poker, dice, blackjack and slots. Because public blockchains are transparent, the protocols have made online gaming provably fair. However, throughout most states in the U.S., residents cannot participate in online gambling as politicians from the ‘Land of the Free’ stop them from making bets with their own money.

Also read: Bitcoin Cash Milestones: Delivered Code, Upgrades and Platform Development  Read more...

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Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500

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  The phrase “beating the market” can be defined as earning returns that outperform the gains of a particular benchmark or index such as the S&P 500 Index. Fund managers are supposed to be experts in timing the market. They’re also supposed to have strategies in place to generate profits under any market condition. More […]

The post Stock Market Investors Should HODL Because Pros Can’t Beat S&P 500 appeared first on CCN Markets

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Competing Stablecoins Can’t Topple Tether

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Competing Stablecoins Can’t Topple Tether

Love, hate or fear it, there’s no avoiding tether (USDT). Its shadow looms over the cryptoconomy, supplying sanctuary in times of volatility, providing fiat capital inflow and acting as a lightning rod for crypto critics who believe it’s propping up the price of bitcoin. Over the past year, a flurry of new stablecoins have entered the market, each vying to topple tether and provide a more transparent and fully audited alternative. So far, they have scarcely made a dent in tether’s dominance.

Also read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange  Read more...

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Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports

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Zimbabwe’s woes continue as the cash-strapped southern African nation is now so poor it cannot even issue its own passports. President Emmerson Mnangagwa told reporters that the issuing company is refusing to do any further business with the government until it has settled its debts. According to Reuters, however, the passport office is running short […]

The post Inflation-Plagued Zimbabwe Is So Poor It Can’t Even Issue Passports appeared first on CCN Markets

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Bitcoin ‘Inventor’ Craig Wright Claims He Can’t Access Coins in Court Testimony

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Self-Proclaimed Bitcoin 'Inventor' Claims He Can't Access Coins in Court Testimony

On June 28, Craig Wright, the Australian native who claims to be Satoshi Nakamoto, spent the day in a Florida court battling with the Kleiman attorney. Wright became emotional when he told the court that he designed the network but didn’t like how it turned out. At one point he told the court he was “ashamed of his invention.”

Also Read: These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far  Read more...

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This Bitcoin Chart Destroys the Argument That BTC Can’t Be Money

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By CCN Markets: Every skeptic says the same thing: the bitcoin price is too volatile to be a real currency.  And they’ve got a point. Bitcoin’s huge swings make it risky as an investment and difficult as a day-to-day payment method. But it’s slowly changing. As more money flows into bitcoin, it’s becoming less volatile. And that means it’s becoming better money. As you can see, the graph shows extreme daily price movements are much less common in 2018 and 2019. BTC is growing more stable. Bitcoin price swings are “less extreme” As developer Fernando Nieto, who created the graph,  Read more...

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Crypto Exchange QuadrigaCX Claims They Can’t Find Their Wallets

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Canadian-based QuardigaCX says they can’t find their cold storage wallets. In a notice published on its website, the crypto exchange says they have filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA), a Canadian law which deals with bankruptcies in Canada. For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be  Read more...

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Humanity Can’t Survive Digital Age Without Crypto: Circle CEO Jeremy Allaire

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By CCN.com: Circle CEO Jeremy Allaire says humanity can’t survive the digital age without crypto because its decentralized nature and resiliency make it indispensable. Allaire made the remarks at the 2019 World Economic Forum in Davos, Switzerland. Allaire says cryptocurrency skeptics are merely that way because they’re unfamiliar with the new technology. ‘Cryptography is Fundamental to the

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Goldman Sachs Still Can’t Hold Crypto on Behalf of Clients Despite Growing Demand

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Nearly three months have passed since Goldman Sachs, a $ 73 billion investment bank based in the US, said that it is not ready to facilitate the delivery of “physical Bitcoin” to its clients. The banking giant is still not able to hold cryptocurrencies on behalf of its clients, despite growing demand from clients. At a

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Why Bitcoin (BTC) Can’t Fall Below $5,800

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Why Bitcoin (BTC) Can’t Fall Below $ 5,800

Bitcoin (BTC) cannot fall below $ 5,800. There, I said it. It might not be possible to say what price Bitcoin (BTC) might reach by the end of the year. That is because one will have to speculate. However, to see if Bitcoin (BTC) can fall below a certain level, there is no need for speculation. We have plenty of historical data to base our analysis on. There are two straightforward charts that form the basis of this analysis.

Continue reading Why Bitcoin (BTC) Can’t Fall Below $ 5,800 at Crypto Daily™.

Crypto Daily™

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Safety Can’t Always Be Found in Numbers

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This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. If you’re not a newbie in the world of cryptocurrencies, someone who has ever tried to trade, or you are a pro-crypto-trader, most likely you have come across

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Brexit Britain Can’t Rope-In Crypto Cowboys Alone

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Brexit Britain Can't Rope-In Crypto Cowboys Alone

Bloomberg contributor Lionel Laurent believes that Brexit Britain needs to get serious about regulating the crypto industry. Yet, he’s skeptical it can be done alone.

It’s clear from a September 21st Bloomberg article that regulation-cozy Lionel Laurent believes crypto regulation needs to be an international effort. EU-friendly Laurent believes that Brexit Britain simply cannot go it alone.

Crypto needs a leash, but it’s laughable to think that the City of London can hold it on its own.

City of London  Read more...

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Current Legal System Can’t Recognize Bitcoin, India’s Central Bank Tells Supreme Court

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The Reserve Bank on India (RBI) on Wednesday filed an affidavit in the Supreme Court to clarify its stand on cryptocurrencies like Bitcoin. The central bank reserved its views on the legality of cryptocurrencies in India, telling the apex court that the constitution has not defined any legal system for virtual currencies. Citing the provisions

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UK Police Can’t ‘Hodl’

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Surrey Police has officially become the first UK police force to effectively seize and convert bitcoin. However, due to active legislation, the police sold the cryptocurrency just before its all-time-high. 

Last year in April, Surrey Police seized 295 bitcoins held by now-convicted criminal Seregjs Teresko. The wrongdoer is serving more than nine years of jail time on charges of money laundering, possession and control of articles for use in fraud, and for the cultivation of cannabis.

The police reportedly found a digital key to access the criminal’s bitcoin at his property located in Cobham. Apart from that, the officers also found other expensive items like gold bars, credit cards, and cash in Thai baht, euros, and sterling.  Read more...

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Lightning Network Can’t Guarantee Transactions Larger Than 3 Cents…Yet

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Digital assets industry newsletter Diar.co has poured cold water on Bitcoin’s Lightning Network, claiming low transaction success rates and issues with node dominance.

A Classic Beta Landscape?

In its latest issue June 25, the weekly publication identified statistics about the current state of Lightning, highlighting problems for which the likelihood of improvement remains “unclear.”

“Nodes are up by 8600% and the Bitcoin funds on the network are up by 3600% from the start of the year. It’s less clear, however, whether the concentration of capacity amongst the largest nodes will improve with more adoption,” Diar writes.  Read more...

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If You Can’t Beat Them, Join Them – Bitcoin Is Hiring Regulators

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If You Can’t Beat Them, Join Them - Bitcoin Is Hiring Regulators

While everyone is looking for an indication that institutional money is about to flood into bitcoin and revive the market, we just got another conformation that crypto has indeed entered the big leagues. Companies in the industry are now putting former regulators on their payroll, as is common for Wall Street mega banks, government-supported telecom monopolies, competition-stifling tech giants and the like.

Also Read: Bitcoin in Brief: New Patents, Research Centers and a $ 300M Fund  Read more...

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Cryptocurrency Communities Just Can’t Get Along

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Cryptocurrency Communities Just Can’t Get Along

If there’s one thing that rival cryptocurrency factions can agree on, it’s their mutual dislike of one other. Everything else is up for debate, and not calm, reasonable debate, but the sort of fevered in-fighting that makes the crypto community resemble an unruly rabble. This internecine squabbling has arguably done more to hinder cryptocurrency adoption than any external threat.

Also read: Washington Utility Increases Security Amid Crypto Mining Moratorium  Read more...

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Top 7 Cryptocurrency Podcasts That You Can’t Afford to Miss

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When you’re trying to learn about bitcoins and altcoins and struggling to make sense of the latest cryptocurrency news, you really don’t want to work too hard. You want to be able to get a grip on the issue quickly and make some smart investments. The easiest way to do that is to make listening to a cryptocurrency podcast a regular part of your routine. Here are seven of my favorite cryptocurrency podcasts that I listen to on a regular basis.

Bad Crypto

The Bad Crypto Podcast  Read more...

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