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Tag: bitcoin news

The SEC Stalls, Bitcoin Drops, but Dan Morehead Stays Optimistic

Category: Bitcoin, Commentary, Exchange, Finance, Investment, News

The SEC Stalls, Bitcoin Drops, but Dan Morehead Stays Optimistic

The Securities and Exchange Commission (SEC) delayed its decision that would allow bitcoin to be considered an exchange-traded fund (ETF) which prompted Dan Morehead of the hedge fund Pantera CEO to state that investors are overreacting to the news of a delay on August 8, 2018. The Power of the ETF The CEO stated in an interview with CNBC’s Fast…

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Brazil Presidential Candidate Trusts Bitcoin’s Potential as a Legal Means of Payment

Category: Adoption, Bitcoin, Blockchain, Finance, News, Regulation

Brazil Presidential Candidate Trusts Bitcoin’s Potential as a Legal Means of Payment

Running for Presidency this October from Partido NOVO, or The New Party, João Amoêdo believes that a digital currency like bitcoin could be adopted in the Brazilian economy to establish an efficient digital payment mechanism, provided there are enough regulations to supervise its use. Amoedo shared his thoughts during an interview with The Bitcoin Portal on August 7, 2018. Country-Wide…

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Commercial Bitcoin use Drops in Spite of Reduced Volatility

Category: Bitcoin, Business, News

Commercial Bitcoin use Drops in Spite of Reduced Volatility

New data from Chainanalysis shows that despite the recent drop in volatility of the bitcoin market, bitcoin’s popularity as a commercial payment solution is slipping, as vendors report fewer and fewer bitcoin transactions. The data, which appeared in Bloomberg, shows that between September 2017 and present, bitcoin’s popularity as a payment method has fallen a staggering 685 percent. Once a…

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North Carolina Bans Cryptocurrency Donations, while Democrat Andrew Yang Openly Advocates Bitcoin and Ethereum

Category: Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News, Regulation

North Carolina Bans Cryptocurrency Donations, while Democrat Andrew Yang Openly Advocates Bitcoin and Ethereum

Andrew Yang, a Chinese-American running for the 2020 Presidential elections as a Democrat, tweeted on July 24, 2018, that he will accept donations in the form of cryptocurrencies. It is speculated that this decision is primarily aimed to appease the tech-savvy crypto enthusiasts who’d be willing to support a candidate who doesn’t shy away from openly embracing alternative forms of…

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Dutch Authorities Slap Bitcoin Ransomware Creators with 240 Hours Community Service

Category: Bitcoin, Crime, News, Regulation

Dutch Authorities Slap Bitcoin Ransomware Creators with 240 Hours Community Service

Two malicious coders who orchestrated a ransomware attack on 1,259 computers demanding bitcoin back in 2015 have finally been sentenced to 240 hours of community service by a Rotterdam court, according to a local news source NU on July 26, 2018. Community Service not Jail Term Two brothers, Melvin and Dennis van de B. have been ordered by a Rotterdam…

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The Crypto Community’s Obsession with Bitcoin and Altcoin ETFs

Category: Altcoins, Bitcoin, Commentary, Exchange, Finance, News

The Crypto Community’s Obsession with Bitcoin and Altcoin ETFs

Amidst rising sentiment from the cryptocurrency community about the launch of Bitcoin ETFs, the Chicago Mercantile Exchange (CME) confirmed it would not introduce futures for any other cryptocurrency shortly, cutting down any sporadic rumors suggesting the contrary. The Future of Cryptocurrency Futures Speaking to Bloomberg on July 26, 2018, CME CEO Terry Duffy noted the prominent bourse is not interested…

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Former Uber Chief Architect Backs Voyager, Commission-Free Crypto Trading Platform

Category: Altcoins, Bitcoin, Business, Ethereum, Exchange, Finance, News

Former Uber Chief Architect Backs Voyager, Commission-Free Crypto Trading Platform

A number of the tech world’s biggest hitters have teamed up on a new crypto project called Voyager, which aims to bring more competition to the commission-free cryptocurrency trading market. Former Uber Chief Technology Officer Oscar Salazar, Uber early investor Philip Eytan and former E* Trade professional trading head Stephen Ehrlich are some of the names behind the platform as…

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Cryptocurrency Exchange Coinbase Partners with Digital Gift Card Platform WeGift

Category: Altcoins, Bitcoin, Business, Ethereum, Exchange, News

Cryptocurrency Exchange Coinbase Partners with Digital Gift Card Platform WeGift

In a significant development on July 25, 2018, influential cryptocurrency exchange Coinbase rolled out a “gift card” feature for its European, British, and Austrailian clientele. Customers can now purchase various gift cards via supported cryptocurrencies. Bringing Cryptocurrencies to the Masses As stated in an official announcement, Coinbase has partnered with London-based WeGift, a digital platform that has tie-ups with over…

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Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

Category: Bitcoin, Business, Finance, Investment, Mining, News

Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

The world’s biggest mining conglomerate Bitmain announced the digital currency mining giant wants to gather $1 billion in funding before launching its IPO according to Chinese media outlet Toutiao. In May 2018, the company was already able to complete its pre-IPO Series B funding of $300 to 400 million headed by Sequoia Capital. Bitmain Files HKSE Application The announcement reports…

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SEC and CFTC May Approve Bitcoin and Ethereum ETFs This Fall

Category: Adoption, Altcoins, Bitcoin, Commentary, Finance, Investment, News, Regulation

SEC and CFTC May Approve Bitcoin and Ethereum ETFs This Fall

Citing two unnamed sources within the SEC and CFTC, ZeroHedge reported on July 24, 2018, that bitcoin and ether ETFs are likely to be approved this fall. This is one of the final steps before these Exchange Traded Funds are listed on the NYSE exchange. Speculative Leaks about U.S. Regulation of Crypto Exchange Traded Funds Sources from both the SEC…

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