Bitcoin

Bitcoin Dev. Firm, Blockstream’s Cofounder Explains Craig Wright Latest Failed Lawsuit

April 13th, 2020

Australian Computer scientist/lawyer and self-proclaimed Satoshi Nakamoto, Craig Wright, is back in the courts – this time suing Adam Back, Cofounder of Blockstream. Wright sent a libel suit to the UK Courts back in Jun 2019 and Back was notified of via EU cross-jurisdiction process to Malta, Blockstream’s home, in Sep 2019. And herein started…

China’s Research Institute Updates Crypto Ranking — Review Affected by Pandemic

April 13th, 2020

China’s Center for Information and Industry Development has published its latest crypto project rankings as the country continues to battle the coronavirus pandemic. A total of 37 crypto projects were evaluated and ranked overall this month as well as in three separate categories. New Rankings Unveiled During Pandemic The Center for Information and Industry Development…

The Bitcoin Fund Completes IPO, Now Trading on Canada’s Leading Stock Exchange

April 10th, 2020

The Bitcoin Fund, managed by 3iq, has completed an initial public offering and has begun trading on the Toronto Stock Exchange (TSX). It has been a long road for 3iq and The Bitcoin Fund since their filing was first rejected. After a hearing, a commissioner with the Ontario Securities Commission ruled in their favor. The…

Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits

April 9th, 2020

On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives are accused of selling unregistered securities. The lawsuits claim the exchanges “profited handsomely”…

Virgin Galactic’s Chamath Palihapitiya: Bitcoin Could Go to $1 Million, Everybody Should Own Some

April 8th, 2020

Virgin Galactic Chairman Chamath Palihapitiya has shared his bitcoin investment strategy, predicting that bitcoin’s price could reach a million dollars. He further suggested that everybody should have 1% of their assets in bitcoin since it is “a fantastic hedge.” Bitcoin’s Price Could Reach $1 Million Chamath Palihapitiya, the chairman of Virgin Galactic and founder of…

Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy

April 7th, 2020

With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in…

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

April 6th, 2020

Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea. Regulations Directly Affecting Crypto Exchanges, Businesses and Individuals The world is going through a crisis…

Coronavirus Fuels P2P Connectivity: Crypto-Driven Meshnet Gives Rural Towns Internet

April 2nd, 2020

While the coronavirus wreaks havoc on the economy across the U.S., a number of the 1,737 residents from Clatskanie, Oregon can’t obtain an internet service provider (ISP). The situation has motivated the town to adopt a decentralized meshnet ISP called Althea and the network’s users are paid in cryptocurrency for relaying. Oregon Residents Connect to…

Financial Bazookas Revealed – Market Strategists Believe the Fed Will Purchase Stocks Soon

April 1st, 2020

Bitcoin and cryptocurrencies may be the only free-market assets left not manipulated by central banks like the U.S. Federal Reserve. Since the COVID-19 outbreak, the Fed has unleashed a massive arsenal of monetary weapons to combat the effects on the economy. After the significant rate cuts, quantitative easing (QE), and buying mortgage-backed securities, analysts believe…

23 Approved Cryptocurrency Exchanges in Japan — Number Rises Despite Pandemic

March 31st, 2020

Despite the global coronavirus pandemic, Japan continues to approve more cryptocurrency exchanges to legally operate in the country. The latest one was approved on Monday, bringing the total number of legal crypto exchanges in Japan to 23. First Approved Crypto Exchange This Year Japan’s top financial regulator, the Financial Services Agency (FSA), registered another cryptocurrency…