Month: January 2019

VanEck: Bitcoin (BTC) Investors’ #1 2019 Investment Is Gold

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Wall Streeter: Bitcoin Investors Flocking To Gold Per previous reports from Ethereum World News, mere days ago, investment guru Jan Van Eck, the current chief executive of Bitcoin (BTC) exchange-traded fund hopeful VanEck, took to CNBC to reveal that his firm’s collaborative ETF application was to be withdrawn. In the interview, the Wall Streeter, whose father was the founder of VanEck, explained that the government shutdown (which recently ended) disallowed its representatives from actively conversing with the U.S. Securities and Exchange Commission (SEC). And as such, considering that the SEC…

Threatening Calls After Critical XRP Report Were Made by ‘Punk Kids’

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Ryan Selkis, the CEO of cryptocurrency analytics firm Messari, has allegedly received threats after his company published a critical analysis of Ripple (XRP) cryptocurrency. Selkis made this claim in a tweet posted on Jan. 24. Research firm Messari published a report on Jan. 24, claiming that the market capitalization of XRP is likely overvalued by $6.1 billion. The company reportedly based its analysis on data from cryptocurrency exchanges and third party cryptocurrency data services. Following the publication, the CEO and founder of Messari, Ryan Selkis, posted a tweet alleging that…

Crypto Investor: Bitcoin Is Evolving, May Become Global Reserve Asset

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Since Bitcoin (BTC) came into being, the narrative surrounding the asset’s value proposition has varied drastically. At first, the cryptocurrency was seemingly pure, digital cash. Now, BTC has been deemed a digital gold by many pundits, who claim that the asset’s non-inflationary, borderless, and fungible nature makes it reminiscent of the precious metal. However, throughout the handful of civil war-esque debates on the subject matter, many investors have claimed that Bitcoin is rapidly becoming the next global reserve asset. Yet, one industry commentator claims that the crypto industry’s de-facto king…

How Countries Have Been Classifying Crypto Across the World

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On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time to reassess how other crypto markets, specifically the major ones, are dealing with cryptocurrencies on the juridical level. “Guidance on Cryptoassets,” reviewed: How the U.K. is going to deal with virtual currencies Given the tone of the new FCA paper, the U.K. government seems to be leaning toward a…

Apple Co-Founder Wozniak Turned 2,800% Profit On Bitcoin (BTC)

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Bought At $700, Solid At $20k — Apple Co-Founder’s Bitcoin Story In mid-2017, amid the near-peak of the most recent blockchain boom, Apple co-founder Steve Wozniak, not to be confused with the late Steve Jobs, divulged that he had purchased Bitcoin (BTC) at $700, quipping that he wanted to “experiment” with the asset and the decentralized economy/sector. While details were scant about Wozniak’s supposed experiments, the industry insider took to a public stage on Saturday to explain what has happened since he financially delved into this nascent sector. Wozniak, the current…

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

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Op-Ed Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case for storing wealth in censorship-resistant cryptocurrency is becoming stronger. Also Read: Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’ How the Venezuelan Political Situation Escalated In order to understand the Bank…

Bitcoin Upstart Bread Cooks Up $15M Amid Crypto Winter

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ConsenSys, ShapeShift, Bitmain, and Huobi are among the notable crypto upstarts that have announced layoffs in recent weeks, citing bids to extend their financial runways. However, other Bitcoin-friendly companies have bolstered their war chests through other mediums, accentuating that venture investors haven’t shirked away from this budding sector. Far from, in fact. Related Reading: Legendary Venture Capitalist: “We’re Close to a Crypto Nuclear Winter” Crypto Firm Bread Scores $15M In Series B Round Per an exclusive report from crypto-friendly media portal TechCrunch, Bread, a cryptocurrency wallet provider that sold $6 million worth of…

Crypto Hacker Scores $28,600 After Hack Of Bitcoin Exchange

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Attacker Bags Eight Bitcoin (BTC) In LocalBitcoins Breach The crypto market may have slowed, with Bitcoin (BTC) falling by upwards of 70% during yesteryear, but ambitious attackers have continued their attempts to breach industry upstarts. Most recently, rumors arose that LocalBitcoins, a popular peer-to-peer, non-conventional exchange, had fallen victim to a security breach. Per a tweet from Francisco Memoria, a crypto journalist at CryptoGlobe, LocalBitcoins, one of the most popular upstarts in this sector’s history, has purportedly been comprised, with malicious actors netting a minimum of eight BTC, or ~$28,000…

EOS and TRON “Crushing it,” 235 DApps and $3.5B Volume

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Crypto-leaning VC firm co-founder Brock Pierce puts the spotlight on DApp-heavy blockchains EOS and TRON. | Source: Shutterstock By CCN.com: Brock Pierce, a co-founder of Blockchain Capital, a major venture capital firm that focuses on the crypto sector, has said that EOS and TRON are thriving based on the number of decentralized applications (DApps) and active users on the two smart contract blockchain protocols. In the past year, as alternatives to Ethereum (ETH), both EOS and TRON have focused on scalability to create a more efficient ecosystem for developers. EOS…

Bitcoin Stays Over $3,600 as Most Top Cryptos See Slight Gains

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Saturday, Jan. 26 — most of the top 20 cryptocurrencies are reporting slight gains on the day to press time. Bitcoin (BTC) is hovering over $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is seeing no significant price change on the day, trading at around $3,607, according to CoinMarketCap. Looking at its weekly chart, the current price is lower than $3,745, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) has seen its value undergo little change in the…