Month: February 2018

General Manager of BIS Wants To Prevent Crypto From Joining Main Financial System’More

General Manager of BIS Wants To Prevent Crypto From Joining ‘Main Financial System’ Augustín Carstens, the general manager of the Bank for International Settlements (BIS), called Bitcoin a “combination of a bubble, a Ponzi scheme and an environmental disaster”  and asked central banks to more closely regulate cryptocurrencies during a speech at Goethe University on […]

Bitcoin Not Giving a Big Enough Hit as Gateway Drug’

Bitcoin Not Giving a Big Enough Hit as ‘Gateway Drug’ Interest in Bitcoin hit its high point leading up to its own high of $20,000 in the middle of December last year. Interest peaked, not only in investing circles, but also in the mainstream as Bitcoin became the buzzword on everyone's lips. This adoption was […]

Bitcoin’s 2 Month Low – Sign of the Time

Bitcoin's 2 Month Low – Sign of the Time 2018 has been particularly cumbersome for the cryptocurrency markets, as Bitcoin and its altcoin brethren have endured a bashing. The preeminent cryptocurrency has hit a two month low sitting around $8,800 according to Coinmarketcap data at the time of writing. There are a plethora of reasons […]

Major Banks Ban Buying Bitcoin With Your Credit Card

Major Banks Ban Buying Bitcoin With Your Credit Card   Most major U.S. credit card issuers have now banned the use of their cards to buy Bitcoin or other digital currencies, in a move intended to decrease both financial and legal risk. Bank of America began blocking cryptocurrency purchases on Friday, according to Bloomberg. JPMorgan […]

Unconfirmed: Circle In Talks To Acquire Crypto Exchange Poloniex

Unconfirmed: Circle In Talks To Acquire Crypto Exchange Poloniex According to an exclusive report on Blockchain technology blog Modern Consensus, Circle, a multi-currency money-sending app, is reportedly in the works to acquire Poloniex, a major US-based cryptocurrency exchange. Modern Consensus cited two unnamed sources that had information about the potential deal. However, when asked about […]

Crypto Has What it Takes to Break the Flawed Financial System

Crypto Has What it Takes to Break the Flawed Financial System Bitcoin, when it first hit the presses in its own white paper, was heralded as this peer-to-peer cashless system that could revolutionize the financial world and break the shackles of banking hegemony. However, as the cryptocurrency market has evolved, it has attracted a new […]

Making a Crypto Utopia in Puerto Rico

Making a Crypto Utopia in Puerto Rico Brock Pierce inside the former Children’s Museum in Old San Juan, P.R., which he and his colleagues hope to make part of a crypto utopia where the money is virtual and the contracts are all public. Credit Erika P. Rodriguez for The New York TimesSAN JUAN, P.R. — […]

Bitcoin tumbles as cryptocurrency sell-off intensifies

Bitcoin tumbles as cryptocurrency sell-off intensifies Cryptocurrencies plunged on Friday, with bitcoin at one point sliding below $8,000 and headed for its biggest weekly loss since December 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell.The currencies have come off their lows but analysts said the sell-off was probably not over. […]