Financial Industry News
By CCN: Australian entrepreneur Craig Wright, the self-proclaimed inventor of bitcoin, has anointed himself the new sheriff of Crypto Town. And his first task is to hunt down “fake” Satoshis to prove once and for all that he’s the real deal. Moreover, Wright — who claims Bitcoin SV (Satoshi Vision) is the one, true bitcoin […]
Continue ReadingBy CCN: The stock market is continuing to plunge. That’s because of the U.S.’ whipsaw approach to trade negotiations. Just yesterday, Vice President Pence visited Canada to promote the new USMCA trade deal which is set to replace NAFTA. He assured folks that Congress would vote for its approval this summer. It seems he forgot […]
Continue ReadingEntrepreneur, investor, and author James Altucher is one of a growing number of individuals who believe Bitcoin will astound the planet with its price in the relative short-term. Appearing on Kitco News earlier, he stated that a $1 million dollar Bitcoin was indeed possible by 2020. Altucher bases his speculations on the rising levels of […]
Continue ReadingBy CCN: Vanguard, the world’s largest provider of mutual funds, is using blockchain to power their enterprise. The investing giant, which popularized mutual funds and exchange-traded funds (ETFs) for the common investor, has been using distributed ledger technology to manage $1.3 trillion worth of index funds, Forbes reports. Vanguard’s Blockchain Manages More Than $1 Trillion […]
Continue ReadingFrankfurt-based multinational investment bank Deutsche Bank has seen its stock price decline over the past five years with no signs of revival. Popular cryptocurrency fund manager Anthony Pompliano says that it would be interesting if people put their bitcoin together and bought it out. Deutsche Bank Stocks in a Free Fall Deutsche Bank (DB) is […]
Continue ReadingThe upwards momentum the crypto markets have incurred in recent times was put into jeopardy yesterday after Bitcoin failed to surge past $9,000 and found itself reeling back down to the lower-$8,000 region. Despite this less-than-positive price action, one analyst is quick to note that while looking at BTC from a long term perspective, it […]
Continue ReadingThe President of the Chamber of Deputies of Brazil has ordered to establish a commission to consider cryptocurrency regulation in the country, Cointelegraph Brasil reported on May 31. The Chamber of Deputies of Brazil is a federal legislative body and the lower house of the National Congress of Brazil, and consists of representatives of the […]
Continue ReadingBy CCN: Monacoin bills itself as Japan’s first cryptocurrency, and it’s gained significantly during the recent bull market activity. The cat meme cryptocurrency surged more than 80% in just 24 hours, leaving it with a per-token value of more than $2. Previously, Monacoin’s price was closer to $1. The rally came even as the Bitcoin […]
Continue ReadingCraig Wright’s copyright registration of the original bitcoin white paper is starting to create ripple effects. On May 28 Scribd, a service for posting downloadable documents on the Internet, notified CoinDesk that it had pulled down our copy of the Satoshi Nakamoto white paper. “This is a notification that Scribd’s BookID copyright protection system has […]
Continue ReadingOne of the most commonly repeated criticisms of Bitcoin is its energy consumption. It seems that every few months, some new report is penned stating that Bitcoin uses the same amount of electricity as an ever larger country. However, demonising Bitcoin on such grounds is highly reductionist. After all, there is a lot more that […]
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