Cryptocurrency
The U.S. Securities and Exchange Commission (SEC) — the government agency that ultimately will decide if cryptocurrencies are legit investments for Americans or not — has appointed a new crypto chief. The announcement comes after previous news that the SEC appointed a cryptocurrency task force. The new crypto boss is Valerie A. Szczepanik. “I am excited […]
John McAfee, the founder of McAfee Antivirus Software, is now an outspoken crypto enthusiast. So outspoken in fact, that he took to Twitter on June 3rd to announce a 2020 presidential bid, with the intention to focus his campaign on cryptocurrency. “In spite of past refusals, I have decided to again run for POTUS in 2020,” […]
Bitcoin bull and and Fundstrat co-founder Tom Lee is still holding fast to his most notable prediction — Bitcoin will hit $25,000 by the end of this year. If realized, this prediction would mean Bitcoin rockets past even the highs that it achieved in 2017. Lee cites three main factors that he believes support his $25,000 […]
Joe Davis, the head of Vanguard Investment Strategy Group, thinks Bitcoin could fall to zero. Vanguard managed $5.1 trillion as of the end of January, working for 20 million investors in 170 countries. Davis wrote a scathing assessment of the cryptocurrency’s future, questioning its value as a currency and as an investment vehicle. Davis added […]
Most people, when they think of cryptocurrency, they think of Bitcoin. Nevertheless, according to the Chinese government, Bitcoin is just the 13th-most popular digital currency currently in public use. Meanwhile, Ether, the digital currency token that is powered by Ethereum, is the tops, says the Chinese government’s premier monthly Global Public Chain Assessment Index. China’s first […]
The U.S. dollar is starting to become less attractive for investors due to rising debt at home and the printed money to cover it, says famed international investor Jim Rogers. His prediction has huge implications for foreign currency, gold, and cryptocurrency investors. All three are potential safe havens from a future U.S. dollar collapse. “The […]
Mastercard is looking to fast track blockchain, the technology behind cryptocurrencies such as Bitcoin. The patents are important because they provide a clue as to how the credit card industry is working furiously behind the scenes to get ahead of the curve on blockchain. Using the technology may or may not usher in the broad […]
By 2022, a neo-utopia of floating Pacific islands near French Polynesia will allow you to live under the government of your own choosing, as well as transact solely in cryptocurrencies. The so-called “Floating Island Project” is a sea-bound island state that will feature 300 homes, offices, restaurants and hotels. It will be the world’s first […]
Cash in crypto just sitting around, earning nothing? Say no more. Coinbase has created a venture fund called Compound which will allow investors to accrue interest on cryptocurrencies. The San Francisco digital currency exchange has successfully raised more than $8.2 million dollars in seed capital funding for the project. Compound’s business model is to create an […]
The California city of Berkeley could soon create its own cryptocurrency after a go ahead to study the idea from its city council. If feasible, Berkeley could issue what its city council is calling a blockchain-based “microbond.” “It’s happening. We passed it,” said Ben Bartlett, the vice mayor and council member who started the initiative. According […]
