No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

On Friday, as the Bitcoin price fell by around six percent against the U.S. dollar, several reports claimed that the dominant cryptocurrency dropped in value due to bomb threats. One report from Business Insider Australia, for instance, stated that following an email blast of bomb threats in New York, the price of the crypto asset… Continue reading No, the Price of Bitcoin Didn’t Drop Because of Bomb Threats

Signal app to Australia: Good luck with that crypto ban

Signal app to Australia: Good luck with that crypto ban

Let’s just switch to semaphores — Country’s efforts to slow Signal and other apps is a “disappointing development.” Cyrus Farivar – Dec 15, 2018 2:15 pm UTC Enlarge / Grafitti urging people to use Signal, a highly-enctypted messaging app, is spray-painted on a wall during a protest on February 1, 2017 in Berkeley, California.Elijah Nouvelage/Getty… Continue reading Signal app to Australia: Good luck with that crypto ban

US Coinbase Customers Can Make Instant, Free Crypto-To-Cash Transfers to PayPal

US Coinbase Customers Can Make Instant, Free Crypto-To-Cash Transfers to PayPal

Coinbase — the largest US-based cryptocurrency exchange — partnered with payments platform PayPal to enable instant, free crypto-to-cash withdrawals for US customers. This means customers can now move the crypto balances in their Coinbase accounts to their PayPal accounts immediately, at no charge. “These withdrawals are not only fast; they’re free and incur no fees,”… Continue reading US Coinbase Customers Can Make Instant, Free Crypto-To-Cash Transfers to PayPal

What Crypto Winter? It’s Perfectly Sunny for Luno with 40 New Jobs Open

What Crypto Winter? It’s Perfectly Sunny for Luno with 40 New Jobs Open

Bitcoin tumbled to a 15-month low today. Ethereum has all-but petered out. Heavyweights like ConsenSys are laying off staff, and many ICO startups are running out of cash before launching their products. You have to admit, things don’t look particularly good from any angle. But while crypto investors are getting used to bracing before they… Continue reading What Crypto Winter? It’s Perfectly Sunny for Luno with 40 New Jobs Open

Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week

Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week

In the past seven days, the valuation of the crypto market has dropped from $117 billion to $102 billion, by just over $15 billion. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) performed poorly against the U.S. dollar, experiencing losses above the 10 percent mark. Out of the three most valuable crypto assets… Continue reading Crypto Market Risks Dip Below $100B After Dropping $15 Billion in 1 Week

Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

BitPay CEO Stephen Pair has stated that speculation drives a substantial part of bitcoin’s current valuation, while the actual use of the crypto market leader as a currency is responsible for only a relatively small fraction of its price. Speaking on CNBC’s Squawk Box, Pair revealed that BitPay intends to change this situation significantly over… Continue reading Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

Crypto VC Funding Deals are Falling Apart Due to Bear Market

Crypto VC Funding Deals are Falling Apart Due to Bear Market

According to Barry Silbert, the founder and CEO of Digital Currency Group (DCG), many venture capital funding deals in the crypto sector have fallen apart in the past few months as a result of the 12-month bear market. Silbert, who oversees the operations of one of the largest venture capital firms in crypto with investments… Continue reading Crypto VC Funding Deals are Falling Apart Due to Bear Market

Cameroon Separatists Create Cryptocurrency Called AmbaCoin

Cameroon Separatists Create Cryptocurrency Called AmbaCoin

A separatist government in Cameroon’s semi-autonomous English-speaking southern region of Ambazonia has announced the launch of a new sovereign cryptocurrency called AmbaCoin (AMBA). Operating on the ERC-20 standard, AmbaCoin is being touted as the official currency of the “Federal Republic of Ambazonia,” the currently unrecognised country that separatists are pushing to actualise. QZ Africa reports… Continue reading Cameroon Separatists Create Cryptocurrency Called AmbaCoin

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund May be Securities

Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund May be Securities

In a newsletter to clients sent on Thursday, Pantera Capital CEO Dan Morehead revealed that one in four initial coin offering (ICO) projects the firm has invested in could be considered as securities under U.S. regulations. Morehead wrote: “While we believe the vast majority of the projects in our portfolio should not be affected, approximately… Continue reading Billion-Dollar Crypto Fund Says 25% of ICOs in its Fund May be Securities

Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire

Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire

The bitcoin price will rocket over the next three years, and cryptocurrency valuations will spike accordingly, says Jeremy Allaire, the co-founder and CEO of Circle, a peer-to-peer payments technology company backed by Goldman Sachs. While Allaire was reticent to set a specific bitcoin price target, he predicts that its value will unquestionably be a lot higher in… Continue reading Bitcoin Price Will Soar over Next Three Years: Circle CEO Jeremy Allaire

Robinhood Didn’t Consult SIPC on New Checking & Savings Accounts

Robinhood Didn’t Consult SIPC on New Checking & Savings Accounts

Robinhood, the crypto-friendly stock trading application, recently launched a plan to offer checking and savings accounts. The accounts have a minimum 3% interest. It is part of their plan to become the world’s most used financial technology application. Co-CEO Baiju Bhatt said to CNBC at the time of the announcement: “If we roll this product… Continue reading Robinhood Didn’t Consult SIPC on New Checking & Savings Accounts

Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

The central bank of Bahrain has kicked off a consultative process on cryptocurrency platforms in the kingdom by publishing the relevant draft regulations. According to the Bahrain News Agency, the draft rules — which target the operations of crypto-asset platforms — aim to provide a regulatory framework for the supervision and licensing of these services.… Continue reading Bahrain Central Bank Publishes Draft Cryptocurrency Regulations

VanEck Crypto Chief: Insurance Needs More Regulation Than Crypto

VanEck Crypto Chief: Insurance Needs More Regulation Than Crypto

Following recent comments by Allianz CEO Andreas Utermann calling for cryptocurrency to be outlawed, VanEck Head of Digital Assets Gabor Gurbacs has stated that the insurance industry is in greater need or comprehensive regulation than cryptocurrency. In a now-deleted post on his Twitter account, Gurbacs made the point that the behaviour of insurance companies toward investors and customers… Continue reading VanEck Crypto Chief: Insurance Needs More Regulation Than Crypto

Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

Around this time last year, many retail crypto investors subscribed to the economic theory that cryptocurrency hard forks — the ones that result in irreversible network splits and create new blockchains — were a net positive for their portfolios. “How could they not be?” they asked. “It’s free money!” Indeed, at that point, the two… Continue reading Bitcoin Cash Price Continues to Crater as Fork Aftertaste Lingers

Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018

Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018

In what is becoming a disturbingly common occurrence, the bitcoin price on Friday set yet another fresh yearly low, slinking below the $3,200 mark for the first time in 2018. The flagship cryptocurrency’s move below $3,200 came shortly after 16:10 UTC, following an unsuccessful breakout attempt earlier in the week. As of the time of… Continue reading Newsflash: Bitcoin Price Slinks Below $3,175 for First Time in 2018

‘Unregulated ICOs are dead’ — welcome to the era of the STO

‘Unregulated ICOs are dead’ — welcome to the era of the STO

One of Alan Sugar’s earliest apprentices and author of Tokenomics: The crypto shift of blockchains, ICOs and tokens, Thomas Power took to the seats of the Hard Fork Decentralized Exchange this afternoon to discuss his vision of our blockchain future. The founder of 9 Spokes and Blockchain Industry Compliance and Regulation Association (BICRA) board member… Continue reading ‘Unregulated ICOs are dead’ — welcome to the era of the STO

While Many VCs Leave, Binance Expands Crypto Incubator to 5 Regions

While Many VCs Leave, Binance Expands Crypto Incubator to 5 Regions

Many venture capital firms have broken deals with companies in the crypto sector over the past several months. Barry Silbert, the founder and CEO of Digital Currency Group, a major cryptocurrency-focused venture capital firm that has invested in large-scale cryptocurrency businesses in the likes of Coinbase, bitFlyer, and Blockchain, has said that amidst falling crypto… Continue reading While Many VCs Leave, Binance Expands Crypto Incubator to 5 Regions

VanEck Crypto Chief: Allianz Should ‘Shut the F*** up’ about Bitcoin

VanEck Crypto Chief: Allianz Should ‘Shut the F*** up’ about Bitcoin

VanEck CEO Gabor Gurbacs has reacted furiously to a pronouncement by Allianz CEO Andreas Utermann calling for cryptocurrency to be outlawed. In a now deleted thread on his Twitter account, Gurbacs called out insurance giant Allianz for its treatment of his mother when she needed to make a claim following a serious car accident. Inferring that… Continue reading VanEck Crypto Chief: Allianz Should ‘Shut the F*** up’ about Bitcoin

Abra is giving away $25 of Bitcoin this Christmas – but there’s a catch

Abra is giving away $25 of Bitcoin this Christmas – but there’s a catch

Cryptocurrency exchange and wallet provider Abra is trying to add a little holiday cheer to the current bear market bear market by giving away Bitcoin. This morning, in an email to customers, Abra announced a promotion which would see new investors of its BIT10 “exchange traded fund” (ETF) style token receive $25 of Bitcoin BTC… Continue reading Abra is giving away $25 of Bitcoin this Christmas – but there’s a catch