Day: December 23, 2020

Why Bitcoin Buyers Should Beware of Unregulated Exchanges

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There are many reasons to be optimistic about the future of cryptocurrency. This year, as bitcoin soared past its all-time high, we saw PayPal introduce support for digital assets; a Nasdaq-listed company boosted their bitcoin balance sheet to $1.6 billion; and the first bitcoin owner, Cynthia Lummis, made it to the U.S. Senate. Ethereum also became the first blockchain to settle $1 trillion in a single year. In short, it was a good year. And yet for all the rampant positivity, there remains an 800lb elephant in the crypto room:…

A storm is brewing between state regulators and the OCC over fintech licensing

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A leading association of state banking regulators is trying to put the U.S. national banking regulator in its place on the issue of fintech registration. Per a Dec. 22 filing, the Conference of State Bank Supervisors, or CSBS, says the impending approval of Figure Technology’s bank charter a bridge too far. Figure operates blockchain-backed lending and investment services. It announced its application to the Office of the Comptroller of the Currency for a charter at the beginning of November. At the time, CEO Mike Cagney noted the relative convenience of a national…

Gifting crypto to loved ones this holiday? Educate them first

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The mainstream has taken a growing interest in cryptocurrency as the price of Bitcoin (BTC) continues to reach all-time highs. To put this interest into perspective, researchers at the Cambridge Centre for Alternative Finance recently found that 101 million people across the globe currently hold Bitcoin and other digital assets. The report states that in 2018, findings estimated the number of identity-verified digital asset users to be about 35 million globally. With such growth underway, it shouldn’t come as a surprise that crypto holders would get the idea of gifting…

The ‘infinity war’ for blockchain privacy may be over

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The unique power of blockchain and cryptocurrency can also be considered their weakness. Crypto users gain unparalleled privacy for financial transactions through a decentralized transactional system. Governments, however, demand transparency in financial transactions for legal concerns. This creates a paradox. People are less inclined to use financial instruments if, in doing so, they expose their money to the world. Conversely, there are a number of regulations requiring financial institutions to counteract terrorism and money laundering — serious concerns for many governments. The crux of the issue is that most public…

Skybridge Bitcoin Fund Launches With $25 Million: Founder Anthony Scaramucci Expects ‘Avalanche of Institutional Investors’

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Global investment firm Skybridge Capital has launched a bitcoin fund with $25 million. The founder of the company, Anthony Scaramucci, is bullish about bitcoin. “It’s the first inning,” he said, adding that “You are about to see that wave of early adoption by the institutional community.” Skybridge’s Bitcoin Fund Starts Trading Skybridge Capital has launched its highly anticipated bitcoin fund. Founder Anthony Scaramucci said on CNBC Tuesday that the fund “started trading today with $25 million of the firm’s capital.” He added that it will “go live on Jan. 4…

How Big Is The Forex Market? (Compared to Crypto/Stocks)

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io I get a lot of questions regarding slippage in the forex market and how much money would be required to move the market. They fear that my signal group if good enough will start to move the market over time as we have so many traders trading teh same setups. How big is the forex market? Well lets dive into how much youd need to move the market compared to crypto and stocks Timestamps 00:00 – 00:43 – The Big Question 00:44…

The SEC shows some mercy to broker-dealers handling security tokens

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The U.S. Securities and Exchange Commission is listening. At least, per a Dec. 23 announcement, the SEC is responding to long-term industry complaints that nobody knows who can handle security token trading.  The SEC is both requesting comment on the issue and extending a hand to the crypto industry. Perhaps most notably, the commission’s announcement will keep broker-dealers safe from enforcement for the next five year:  “In particular, the Commission’s position, which will expire after a period of five years from the publication date of this statement, is that a…

Win a Limited Edition Franck Muller Bitcoin Cash Watch “Free the Money. Free the World.” With Bitcoin.com Exchange

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PRESS RELEASE. The Bitcoin.com Exchange team will be giving away a Franck Muller Bitcoin Cash watch in a margin trading competition this holiday season. Bitcoin.com has announced a new partnership with the luxury watch brand, Franck Muller, and the branded “Free the Money, Free the World.” watch has now launched. The first-ever Bitcoin Cash watch from Franck Muller is part of the “Encrypto” brand timepiece. The new watch is a limited edition BCH wristwatch that is sold for 9,900 EUR and only 500 pieces are available. The “Free the Money,…

Bitcoin News Roundup for Dec. 23, 2020

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With BTC struggling to break past $24K and the SEC suing Ripple, CoinDesk’s Market’s Daily is back with the latest crypto news roundup. As expected, the SEC has filed suit against Ripple, saying it violated federal securities laws in selling $1.3 billion in XRP over the past seven years. “MoneyGram will continue to monitor the situation” following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk. Ethereum developer Virgil Griffith is likely headed to trial on charges of violating international sanctions after a Tuesday hearing where a federal…

Price analysis 12/23: BTC, ETH, XRP, LTC, BCH, LINK, BNB, ADA, DOT, XLM

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The SEC’s lawsuit against Ripple may be bearish for a few altcoins but could be bullish for Bitcoin. The current crypto bull run has been spearheaded by Bitcoin (BTC). As the United States Securities and Exchange Commission has previously hinted that Bitcoin is not a security, the regulator’s current lawsuit against Ripple is unlikely to stop the institutional inflow of money into Bitcoin.  However, a few altcoins that may be at risk of facing a similar fate as Ripple could face selling pressure. Due to a change in sentiment, retail…