About Author:
1 Confirmation with Jeff and Dave
A graduate of English, I stumbled on cryptocurrency while trying to proofread an article for a friend back in 2011, and since then, I have been hooked! I play word games when I am less busy (I'm a pro by the way) and I am a tennis aficionado.
In the wake of the current crypto spring, analysts and commentators have shown optimism for the crypto market and have made comments that generally reveal that bitcoin’s bull run is likely to skyrocket before the close of 2019. One of such commentators, Jehan Chu, in a recent interview with Bloomberg on May 28,...
Russia’s Central Bank could be considering a gold-pegged cryptocurrency, according to a report by Russian news agency, RIA on May 23, 2019. However, the apex bank states that virtual currency would not act as a substitute for the Russian Ruble. Gold-Pegged 'Crypto-Ruble' a Possibility The Bank of Russia hinted at a meeting at State...
According to an article released by the European Central Bank (ECB), the cryptocurrency sector does not have a considerable influence to threaten the European Union (EU) financial sector. Global Government Forum reports that the existing regulatory framework helps manage risks associated with bitcoin and other virtual currencies. Cryptocurrency Won't Disturb Mainstream Finance...
The IRS appears to have listened to concerns raised by various parties concerning clear cryptocurrency guidelines. As Coincenter reports, the tax administrator responded to a letter by a bi-partisan group of the U.S. Congress, stating that it has made cryptocurrency tax guidance a priority and would release an upgrade soon....
PayPal's Peter Thiel and other early Block.one backers are in line to receive returns of more than 6,500 percent for their initial investments, Bloomberg reports. The cryptocurrency startup is looking to buy back ten percent of its shares. Meanwhile, hedge fund billionaire, Mike Novogratz's Galaxy Digital has already sold most...
A recent study by JP Morgan reveals that bitcoin’s recent price pump has caused the coin to surpass its intrinsic value. Per a report on Bloomberg, March 20, 2019, the strategists, however, warn that the BTC price surge echoes 2017’s bull rally which saw the market crash afterward. History Repeating Itself? U.S. investment...
The cryptocurrency market witnessed a bitcoin price slump in the early hours of May 17, 2019. Speculations, however, point to a 5,100 BTC dump that occurred on the Bitstamp exchange as the likely reason for the price plunge. Profit Scraping or Market Manipulation? A huge dump on the Bitstamp exchange...
Andrew Yang, the Democrat who is among the contenders for the 2020 U.S. presidential race, has big plans for cryptocurrency and blockchain technology. According to Bloomberg on May 15, 2019, Yang is solidly behind the nascent industry and if elected, would champion cryptocurrency-friendly regulations in the United States. Billion-dollar Sector...
With bitcoin currency currently sitting at above $8,000, there have been reactions and talks about the coin’s ability to maintain the price level and break through. Speaking on a CNBC panel on May 15, 2019, two analysts predict that bitcoin’s fatigue could possibly cause a price pullback despite its current surge. Bitcoin...
San Francisco has set the record as the first US state to ban the use of facial recognition technology. Per a report on Engadget, May 14, 2019, the state made the decision in order to protect residents from the government’s constant surveillance. With the pressure on regulators and government agencies on the...
In a new development regarding the lawsuit brought against Floyd Mayweather and DJ Khaled by some aggrieved Centra Tech ICO investors, a US federal judge has dismissed the case. According to a court document on May 13, 2019, the judge granted an omnibus order on motion to dismiss, on the grounds that...
Alex Tapscott, the co-founder of the blockchain company NextBlock, has reached an agreement with the Ontario Securities Commission after producing "misleading content". Per the report by The Globe and Mail on May 13, 2019, the entrepreneur, aside paying the sum of $300,000 as penalty fine, will also be giving lectures on ethics...
According to a press release issued May 9, 2019, Figure Technologies in conjunction with Jefferies and WSFS Banking Services recently completed a $1 billion asset-based loan facility on the Provenance blockchain. The partnership will see Figure’s Provenance blockchain handling the full spectrum of loan financing for dealers, funds, banks to...
Zebpay CEO, Ajeet Khurana, says he doesn’t believe India would ban bitcoin despite numerous reports in the media that the government is considering a blanket cryptocurrency prohibition. Meanwhile, Khurana’s Zebpay is set to expand operations into Australia, a country currently experiencing increased cryptocurrency adoption. India Won’t Ban Bitcoin Speaking during...
The U.S. Federal Trade Commission (FTC) recently filed a lawsuit against a crowdfunder who diverted customers’ funds to purchase bitcoin. According to The Next Web, the entrepreneur raised funds over $800,000 to buy iBackPacks but instead diverted the funds to personal use such as buying crypto and paying off credit cards debts....
