NYSE Chair Says Survival of Digital Currencies is ‘Unequivocal’

New York Stock Exchange (NYSE) chairman Jeffrey Sprecher expressed optimism about the survival of digital currencies as an asset class, business news outlet Barron’s reported Nov. 27. Speaking at the Consensus Invest conference, Sprecher — who is also the CEO of Intercontinental Exchange (ICE) — said that when he saw headlines asking “Will digital assets survive?,” he would say that “the unequivocal answer is yes.” “We’re kind of agnostic to price,” Sprecher added. On stage at the Consensus Invest event in New York, Sprecher was accompanied by his wife and…

VC Billionaire Tim Draper Places Huge Bets on Bitcoin Despite Recent Crypto Market Massacre

Despite a huge cryptocurrency market crash, Tim Draper believes the value of bitcoin will keep going higher in the upcoming years. Speaking to Thiel Macro’s Mike Green earlier this month, the billionaire said he believes virtual currencies will eventually overtake fiat currency, making up two-thirds of the world’s currency value. “Down the road, when we can easily spend, or invest, or do whatever we want with cryptocurrencies—they’re frictionless, they cost you less,” Draper told Green during the World Crypto Con in Las Vegas, as Forbes reported. “I mean, just by that…

Crypto Exchange Bitstamp to Integrate New Platform for Market Monitoring

European cryptocurrency exchange Bitstamp will integrate a new platform to improve compliance and customer protection, according to a press release published Nov. 27. Bitstamp has formed a partnership with British market surveillance firm Irisium Ltd. in an effort to improve the safety and reliability of its marketplace. The exchange will deploy Irisium’s platform to monitor market activity and attract more institutional investors. Commenting on the collaboration, Alastair Goodwin, CEO of Irisium Ltd, said that the adoption of Irisium’s platform will help “increase transparency, integrity and confidence in the cryptocurrency market,”…

Markets Fail a Firm Rebound Attempt, Some Altcoins See Notable Daily Gains

Tuesday, Nov. 24: Bitcoin (BTC) has failed to hold $4,000 support that it challenged yesterday, while most major cryptocurrencies by market cap have seen losses over the past 24 hours, according to CoinMarketCap. 9 of the top 20 cryptocurrencies are seeing mild gains today, with the ZCash (ZEC) and NEM (XEM) prices increasing by more than 10 percent and 8 percent on the day, respectively. Market visualization from Coin360 Bitcoin is trading at $3,766 at press time, up around 0.28 percent over the past 24 hours. After dipping to as…

BCH-Powered Bitcoin Files Project Adds IPFS Support

Last October, the developers of the Bitcoin Cash-powered Bitcoin Files project launched the first iteration of its censorship-resistant file sharing software. At the time, the platform allowed users to upload files of 5kb or less to the blockchain. Now, the latest Bitcoin Files release supports the decentralized Inter-Planetary File System (IPFS), allows users to upload much larger file sizes, and gives the ability to preview files before downloading. Also read: Hash Wars: Battle Comes to an End as BSV Plans to Add Replay Protection Bitcoin Files Project Adds Another Layer of…

Bitcoin SV Joins Top Cryptocurrency Ranks after Climbing 48% in a Week

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The hash war between the Bitcoin ABC and Bitcoin SV camps have officially come to an end. But the one that conceded defeat surprisingly gained more than the one that won. Bitcoin SV, the brainchild of Dr. Craig Wright backed by CoinGeek mining pool boss Calvin Ayre, surged circa 48 percent in a week. The new BSV ticker added as much as $2.21 billion to its…

Tether Re-Opens Direct Redemption of Fiat, While Bitfinex Adds Tether-Fiat Trading Pairs

Popular stablecoin Tether has announced 1:1 redemptions of USDT to fiat, while affiliated crypto exchange Bitfinex added two new Tether-fiat trading pairs, according to announcements from both firms Tuesday, Nov. 27. Tether announced the direct redemption of Tether to fiat along with a major redesign of its platform for the verification of new customers. According to the official announcement, the update allows users to redeem their tokens on the Tether.to platform at a USDT to fiat ratio of 1:1. All Tether deposits and withdrawals are zero-fee, while fiat transfers are…

Mining Bitcoin Forks Has Become More Profitable Than BTC Itself, Miners Pulling Out

For a long time, Bitcoin has stood the test of time as the most profitable crypto to mine, and thousands of miners have set up bases all across the world. Hardware manufacturers have developed equipment specifically designed for BTC mining. However, the current trend seems to be shifting the favor away from the top crypto. Since the market went bearish after the BCH hard fork happened, the value of Bitcoin has dwindled, and with it hundreds of other cryptocurrencies. Bitcoin Mining Is No Longer Profitable For crypto miners to make…

‘Blockchain Revolution’ Is Bigger Than Anything We’ve Seen in History: Overstock CEO

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it’s a disruptive technology that will transform the world. “The blockchain revolution has a greater potential than anything we’ve seen in history,” Byrne told Fox Business on Nov. 26 (video below). “It’s bigger than the Internet revolution, how it’s going to restructure society.” Fox Business host…

‘Blockchain Revolution’ Is Bigger Than Anything We’ve Seen in History: Overstock CEO

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Overstock founder and CEO Patrick Byrne is exiting the retail business so he can focus on blockchain because he believes it’s a disruptive technology that will transform the world. “The blockchain revolution has a greater potential than anything we’ve seen in history,” Byrne told Fox Business on Nov. 26 (video below). “It’s bigger than the Internet revolution, how it’s going to restructure society.” Fox Business host…