Day: May 20, 2019

US Global Investors CEO Predicts Bitcoin (BTC) Ready for Bull Cycle, Prefers Gold

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Frank Holmes, CEO of US Global Investors and one of the more prominent natural resources capitalists in the country, called Bitcoin an alternative to gold, but stated that he preferred the physical store-of-value asset to its digital counterpart. In addition, he issued a stern warning to ‘millenial’ traders who have failed to do their homework on Bitcoin and precious metals such as gold. Speaking in an interview with Kitco News on May 17, an organization that deals in precious metals trading, Holmes highlighted the fact that BTC and cryptocurrency wallets…

Developer Creates Interwallet Transfer Plugin to Strengthen Bitcoin Cash Privacy

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The Bitcoin Cash (BCH) protocol and infrastructure continue to see relentless development. The Electron Cash Cashshuffle implementation has enhanced bitcoin cash fungibility by providing users with the ability to shuffle coins. Now a developer has announced the launch of the Interwallet transfer tool, an Electron Cash add-on that allows for privacy-minded transfers using the light client. Also read: Last Will Platform Allows Your Loved Ones to Inherit Your BCH Interwallet Transfer Increases Bitcoin Cash Fungibility This week, software engineer Karol Trzeszczkowski announced the launch of a new plugin called the…

Honda And GM to Research Smart Grid, Electric Car Interoperability With Blockchain Tech

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Major automobile manufacturers Honda and General Motors (GM) are jointly conducting research on electric vehicle and smart grid interoperability using blockchain tech, Japanese news outlet Nikkei reported on May 20. As part of the project, Honda and GM will investigate whether electric vehicles can be used to stabilize the supply of energy in smart grids. Specifically, the companies intend to develop data retrieval methods between electric vehicles and smart grids, which will purportedly enable electric vehicles owners to earn fees from storing power in car batteries and exchanging it with…

Don’t Kid Yourself! Bitcoin is a Terrible Stock Market Hedge: Study

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By CCN: Bitcoin is not an effective hedge against an uncertain economy or volatile stock market — despite what crypto evangelists vehemently insist. That’s the conclusion of a report that was just published in the Annals of Operations Research. The paper is entitled “Market Risk and Bitcoin Returns,” and it was authored by Dimitrios Koutmos, an assistant finance professor at Worcester Polytechnic Institute in Massachusetts. Report Touts Itself as a ‘Cautionary Note’ Koutmos says he’s sounding the alarm for investors, calling his report a “cautionary note” for the irrationally exuberant…

Don’t Kid Yourself! Bitcoin is a Terrible Stock Market Hedge: Study

boss

By CCN: Bitcoin is not an effective hedge against an uncertain economy or volatile stock market — despite what crypto evangelists vehemently insist. That’s the conclusion of a report that was just published in the Annals of Operations Research. The paper is entitled “Market Risk and Bitcoin Returns,” and it was authored by Dimitrios Koutmos, an assistant finance professor at Worcester Polytechnic Institute in Massachusetts. Report Touts Itself as a ‘Cautionary Note’ Koutmos says he’s sounding the alarm for investors, calling his report a “cautionary note” for the irrationally exuberant…

VanEck Bitcoin (BTC) ETF Verdict Delayed By The SEC

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VanEck’s Bitcoin ETF Delayed The verdict on VanEck and SolidX’s Bitcoin (BTC) exchange-traded fund (ETF) proposal has just been delayed by the U.S. Securities and Exchange Commission. In a document released on Monday morning, the regulatory agency revealed that it will be exercising its right to delay its decision by another 90 days, to August 19th. The document cited concerns like the prevention of “fraudulent and manipulative acts and practices”, likely in reference to the recent Tether and Bitfinex imbroglio and the Bitstamp flash crash, to back its decision. This…

FreedomOptions.io Offers Bitcoin & Ethereum Binary Options

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FreedomOptions.io is pleased to announce the launch of their crypto binary options platform. Simple high or low predictions on crypto pairs and stock prices allow users to profit in BTC, ETH, and FDM. About FreedomOptions.io FreedomOptions.io is the newest crypto binary options platform that allows its users to place simple price movement predictions on crypto and stock prices. The platform utilizes real-time, accurate price and volume data from the CCCAGG and IEX Stock Market. Users can be paid out in BTC, ETH, and FDM. FreedomOptions.io is an accessible gateway for…

US Bank Say Bitcoin (BTC) is a Bubble, Will Price Fall?

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Bitcoin (BTC) in range mode JP Morgan Strategists say current prices echo those of late 2017 and could burst After analyzing Bitcoin as a commodity, JP Morgan strategists now say there is a divergence between actual and intrinsic values and that Bitcoin echoes the spike of Dec 2017. In their view, the only correction is a drastic reduction in price against analysts’ projections. Bitcoin Price Analysis Fundamentals Analysts believe that the dilapidating winter of last year is over. In six weeks starting from early April, Bitcoin (BTC) prices have been…

‘Expert’ Says Startups Should Go All-In on Blockchain

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By CCN: Bernhard Schroeder, an educational director of entrepreneur programs at San Diego State, implores entrepreneurs and investors to focus on the blockchain, rather than Bitcoin. In a new editorial today in Forbes. Schroeder classifies Bitcoin as a speculative investment which may or may not work out long-term, but lauds the merits of blockchain, which he describes as “a serious technology.” The Resurrection of the ‘Blockchain, Not Bitcoin’ Brigade Schroeder believes that “the real potential” for blockchain technology will emerge from the companies who decide to build on it. Hundreds…

‘Expert’ Says Startups Should Go All-In on Blockchain

boss

By CCN: Bernhard Schroeder, an educational director of entrepreneur programs at San Diego State, implores entrepreneurs and investors to focus on the blockchain, rather than Bitcoin. In a new editorial today in Forbes. Schroeder classifies Bitcoin as a speculative investment which may or may not work out long-term, but lauds the merits of blockchain, which he describes as “a serious technology.” The Resurrection of the ‘Blockchain, Not Bitcoin’ Brigade Schroeder believes that “the real potential” for blockchain technology will emerge from the companies who decide to build on it. Hundreds…