Day: May 4, 2019

Bitcoin To Cool, $5,700 Rally May Have Overextended BTC

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Bitcoin May Currently Be Overextended The past 48 hours for Bitcoin (BTC) have been stellar. Last week saw news reveal that both Bitfinex and Tether Limited, two integral facets to the cryptocurrency market, are both potentially in a precarious legal and financial situation, leading to a rapid 10% collapse in BTC. However, since that date, bulls have begun to take control yet again, as exemplified by Thursday’s 7% rally past $5,700. One analyst, who goes by the odd yet funny moniker “Magic Poop Cannon,” claims, however, that Bitcoin may rapidly…

Crypto Regulation Experts Debate State vs. Federal Regulation in the Blockchain Era

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Three cryptocurrency experts expressed diverging views towards United States crypto regulation at a panel during the Massachusetts Institute of Technology’s (MIT) Business of Blockchain event on May 2. Wyoming Blockchain Coalition president Caitlin Long argued that digital assets are property and thus should be regulated at the state level, with the approach that “states control property law, states control commercial law.  Feds control securities law.” She further praised Wyoming’s diligence in legally clarifying these terms as applied to cryptocurrency. Peter Van Valkenburgh, director of research at Coin Center, disagreed.  He…