#Bitcoin

Barclays Explores Cryptocurrency Trading Desk Despite Denying Interest

August 8, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Investment, News

Barclays has reportedly appointed a team of three senior executives to look into the feasibility of setting up a crypto trading desk to function as part of its markets business. According to a report in the London Financial News on August 6, 2018, the bank wants to follow in the...

“Rich Dad Poor Dad” Author Likes Bitcoin, Predicts Fiat Crisis

August 8, 2018 by Cindy Huynh at Altcoins, Bitcoin, Commentary, News

According to News.com.au, Robert Kiyosaki, the author of the famous best-seller ‘Rich Dad, Poor Dad,’ is warning the public that the next economic crash to come will be catastrophic and damaging to the economy. People may, therefore, turn to cryptocurrencies, as quantitative easing grows and the dollar inflates into a...

Washington D.C. Emerges as the “Most Crypto-Friendly” City in the US

Washington D.C and Members of Congress Are Becoming more Accepting of the Cryptocurrency Industry

August 8, 2018 by Cindy Huynh at Altcoins, Bitcoin, News, Regulation

Cryptocurrency tokens like Bitcoin, Bitcoin Cash, and Ethereum are currently gaining greater acceptance in Washington D.C. as Bob Goodlatte, the chair of the House Judiciary Committee, currently holds between $17,000 and $80,000 in cryptocurrencies. Goodlatte Owns Bitcoin, Bitcoin Cash, and Ethereum According to Goodlatte’s annual financial disclosure, submitted on May...

UBS: Bitcoin Is far from Replacing the Dollar

August 8, 2018 by Eric Czuleger at Adoption, Bitcoin, Finance

Swiss investment bank, UBS, has recently stated that Bitcoin cannot be considered money or a viable asset yet. Furthermore, it is believed that in order for Bitcoin to replace the US currency for global dominance, it will have to reach around $213,000. This seems like a long way to go...

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Goldman Sachs May Start Offering Custodial Services for Cryptocurrency this Year

August 8, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Finance, News

Investment banking giant, Goldman Sachs, is looking to launch custodial services for cryptocurrency soon, according to a Bloomberg report on August 6, 2018. Goldman Sachs Vault? According to sources close to the matter, Goldman Sachs Inc., a New York-based multinational investment bank, is seriously pondering venturing into the cryptospace. If...

Why Do Blockchain and Crypto Companies Prefer Foundation to Enterprise Structure?

August 7, 2018 by Aisshwarya Tiwari at Altcoins, Bitcoin, Blockchain, Business, Finance, Regulation

The year 2018 witnessed an influx of blockchain and cryptocurrency firms in the global economy. Although these firms are still overcoming issues related to their practical application in the real world, imagining a world with its economy pivoted around digital ledgers might not be a distant dream. However, one must...

Bitcoin Donations Surge for Neo-Nazi Groups ahead of Unite the Right

August 7, 2018 by Eric Czuleger at Altcoins, Bitcoin, Finance, News

Last year an alt-right group aligning with neo-nazi ideologies gathered in Emancipation Park in Charlottesville, Virginia. The conflict between the protesters and counter-protesters resulted in the death of Heather Heyer as well as igniting a long-simmering fight between right and left in the United States. The fallout from the event...

Bitcoin Drops Down Below $7,000 despite Crypto-Positive Headlines: Week in Review August 6, 2018

August 7, 2018 by Alex Lielacher at Adoption, Altcoins, Bitcoin, Blockchain, Finance, Investment, Mining, News, News Digest

Despite bitcoin-positive news coming from Wall Street, the price of bitcoin dropped by fifteen percent week-on-week, to close around the $7,000 mark on Sunday. Asset management giant Northern Trust announced that it would move into the cryptoasset custody business to provide custodial services to digital asset investors. Moreover, the New...

Will McDonough’s Winding Path towards Blockchain Technology

August 7, 2018 by Eric Czuleger at Bitcoin, Blockchain, Business, Investment

Will McDonough, founder, and CEO of iCash is leading his company through his ICO after launching in July. At the moment, iCash has received funding from Marc Andreessen, Mark Cuban, the Peter Thiel backed 1Confirmation Fund and Matthew Goetz’s Blocktower crypto fund. This makes McDonough one of a growing list...

Indian Lawyer: “RBI Policy will Drive Crypto Industry Underground”

August 7, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, News, Regulation

Speaking at the inaugural International Blockchain Congress held in India on August 4, 2018, Jaideep Reddy, a prominent Indian lawyer and crypto market advisory specialist, has criticised the anti-crypto stance of the Reserve Bank of India (RBI) which prevents banks from carrying out transactions with crypto-related entities. Reddy stated that...

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