Home / Nick Marinoff

Nick Marinoff



Articles by Nick Marinoff

PayPal Gets “Conditional” BitLicense, Will Work with Paxos Trust

11 hours ago

New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work through a company that has already obtained a license.This raises a lot of questions, perhaps the biggest one being, “Which company is PayPal aligned with?” At the time of writing, it looks like that company is Paxos Trust, which will handle the firm’s crypto custodial services.It’s a positive and

Read More »

PayPal Aims to Buy Bit Go, a California-Based Crypto Exchange

13 hours ago

Now that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go.PayPal Has Its Sights Set on Bit GoPayPal announced early last week that it would allow users to purchase items and services with cryptocurrency through its platform. In addition, people could also trade and purchase cryptocurrencies themselves, making PayPal the latest addition to the world of crypto exchanges. Everyone reacted positively to the news, with traders and enthusiasts breaking out the champagne and the price of bitcoin itself exploding in ways nobody saw coming.The price of the asset shot up from the

Read More »

The Amount of BTC Grayscale Manages Just Got A Lot Bigger

15 hours ago

Bitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single day.Grayscale Sees Its Assets ExpandThe company’s CEO Barry Silbert expressed the news in a tweet, claiming that as of October 22, there was an expansion of the total value of crypto assets under Grayscale’s management cloak to roughly $7.3 billion, a new record for the company. In addition, the Grayscale Bitcoin Trust saw a nearly four percent boost in total assets, bringing the amount of bitcoin under the company’s

Read More »

Novogratz: BTC Is for Storing Value, Not for Payments

1 day ago

Mike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used as a legitimate currency anytime soon.Mike Novogratz: BTC Won’t Be Used for Payments RegularlyWhile there are retailers and companies out there that accept crypto and bitcoin payments, they are certainly not the norm. It’s not like you can walk into a Target or Sears somewhere right now and say to the cashier, “Hey! I’ll buy this lawnmower or this cooking pot with bitcoin.” It doesn’t work this way because most mainstream stores and chains out there have turned their backs on crypto, and to an extent, we

Read More »

Is PayPal Bitcoin’s Best Hope Right Now?

2 days ago

There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal is the best option for bitcoin right now.PayPal May Not Be Perfect, but It Is HelpingAccording to a press release issued by PayPal, there are no fees for selling or buying bitcoin through the firm through December 31 of this year. This means that users will have until the last day of 2020 to take advantage of these circumstances. In addition, there are no fees for holding crypto in a PayPal account.The release states:Consumers will be able to instantly

Read More »

Analysts: Bitcoin Won’t Replace Cash Anytime Soon

2 days ago

The news regarding PayPal’s acceptance of bitcoin and cryptocurrencies is becoming the big news of the year. Many analysts claim that this will ultimately push bitcoin into mainstream territory and give it the boost it needs. Already, the currency has shoved past the $13,000 mark and many industry experts think the currency could potentially end the year at around $14,000 – a solid piece of data given how up and down the currency has been during these past 12 months.Bitcoin Won’t Be Mainstream YetAnd yet for many others in the industry, the news regarding PayPal, while strong, does not do enough for the world’s number one digital asset by market cap. In fact, they claim that this will not make bitcoin any more legitimate than it already is, and it will do nothing to push bitcoin further up

Read More »

Users Are Advised to Read the Fine Print Regarding PayPal BTC Transactions

2 days ago

Uh oh… Does the new relationship between PayPal and bitcoin come with a catch or two?What Kind of Trick Is PayPal Pulling?Earlier in the week, PayPal announced that it would allow users to purchase items and services with cryptocurrencies such as bitcoin, bitcoin cash and Litecoin. The crypto world celebrated the news and took it as a sign of bitcoin’s growing mainstream status. They were now being given permission to use bitcoin in one of the world’s biggest financial settings, and nothing was going to get in their way.Following the announcement, bitcoin incurred a series of heavy price rises that have since taken it beyond the $13,000 mark at the time of writing. However, analysts are advising users to read the fine print when it comes to using bitcoin via PayPal, and they say the

Read More »

JPMorgan Publishes Letter Saying How Solid Bitcoin Is

3 days ago

It’s always good to see bitcoin gain a new fan, and that’s what seems to be happening with JPMorgan, which at one time, was run by a man who didn’t care for the cryptocurrency. In a recent press release, the company explained why bitcoin was a better alternative currency than gold and why it was more prepared to compete in the financial world.JPMorgan Thinks Highly of BTCJPMorgan is under the control of a man named Jamie Dimon, who in the past, has said some rather derogatory things about bitcoin and its properties. Dimon has referred to bitcoin as a fraud before, though it wasn’t long after when he was commissioning the development of a new cryptocurrency specifically run and operated through his company. It would be known as JPM Coin, and it was one of the first examples of a major

Read More »

Bitcoin Surges Past the $13,000 Line… Finally!

3 days ago

Bitcoin has finally done it. After months of waiting, the world’s number one cryptocurrency by market cap has surged past the $13,000 line. The currency has been making its way towards this figure for the past several days following an announcement by PayPal that users can now utilize crypto to purchase goods and services, and the news has had positive impacts on cryptocurrency everywhere.Bitcoin Is Again Reaching the TopBitcoin is now trading for its highest position in over a year, and many analysts are wondering if $14,000 will soon be next.The trials and tribulations of bitcoin have been very strange this year, to say the least. The currency initially started 2020 in the $7,000 range, but later fell to around $6,900 on the second day of the year. From there, however, the currency

Read More »

Some Don’t Think the PayPal-Bitcoin Relationship Is Any Big Deal

3 days ago

It was recently announced that mega online payments firm PayPal would now allow users to purchase both goods and services with bitcoin and other forms of cryptocurrency. Some have called this news huge, such as Mike Novogratz, who believes that bitcoin is about to march deeper into mainstream territory.Some Say “So What” About PayPal Permitting BTCFor others, however, while the news is ultimately positive for bitcoin and the digital payments community, they don’t consider it a huge gamechanger the way others might. In fact, they think it will do hardly anything to establish bitcoin and digital assets as legitimate forms of payment in that little is done to prevent volatility and currencies’ vulnerability to price swings.As it stands, bitcoin can be a highly volatile asset, swinging high

Read More »

Paul Tudor Jones: Bitcoin Is the Best Tool to Fight Inflation

4 days ago

Bitcoin has been spiking as of late thanks to news that PayPal is permitting users to purchase goods and services with cryptocurrency. However, according to Paul Tudor Jones, inflation is so bad right now that this is proving to be a heavy motivator behind everyone trying to get their fingers on bitcoin.Paul Tudor Jones Has Some Praise for BTCWhile news of PayPal accepting bitcoin payments is certainly huge, Jones – a billionaire investor – comments that people’s attitude towards bitcoin is changing heavily ever since the coronavirus took hold. The fact is that last March, financial markets were hit hard by the pandemic to the point that stocks lost millions of dollars and bitcoin, itself, suddenly faced a price in the high $3,000 range. That’s nearly $7,000 less than where it was trading

Read More »

Is Bitcoin About to Pull Back Thanks to Investor Behavior?

4 days ago

Bitcoin has been skyrocketing over the past few days, and the number one cryptocurrency is currently trading for about $12,965 at the time of writing, the highest it’s been all year.Bitcoin Is Getting Stronger in Certain RegionsAccording to one source, however, the currency has already crossed the $13,000 threshold in several other countries including Brazil, Turkey and Argentina. What’s interesting is that at press time, these countries’ native fiat currencies have been experiencing heavy inflation, which explains why bitcoin is suddenly reaching new pinnacles within their borders.As time has gone by, more and more individuals are seeing bitcoin as a potential tool for hedging one’s wealth against economic strife and harsh monetary conditions. The coronavirus pandemic has brought about

Read More »

The Fight Between Kik Crypto and the SEC Ends

4 days ago

The Securities and Exchange Commission (SEC) has penalized Kik for launching an initial coin offering (ICO) that allegedly did not go through the appropriate registration protocols with the agency. Kik is now being required to fork out a $5 million fee.The SEC and Kik Have Reached a SettlementThe SEC has sworn up and down over the past few years that it would go after all token offerings that have in some way or another gone against its rules. It has warned many crypto ventures offering securities that should they refuse to properly register their tokens, they can expect a crackdown of sorts followed by monetary penalties and further disciplinary action that could potentially affect their futures in the world of token selling.The SEC claims that Kik broke numerous securities laws by

Read More »

Mode Global Holdings Converts 10% of Its Cash Into BTC

5 days ago

Mode Global Holdings – a fintech company based in the United Kingdom – has announced that it will convert roughly ten percent of its cash holdings into bitcoin. By doing so, Mode will become the first publicly traded enterprise in the UK to do so.Mode Is Setting a New StandardAs time has gone by, more and more companies are showing interest in bitcoin and want to get their fingers on BTC units given that they believe the asset is far more stable than the US dollar or other forms of fiat due to the economic strife caused by the coronavirus. At the time of writing, companies such as MicroStrategy and Square have purchased millions of dollars in bitcoin, while Stone Ridge is the latest venture to make this move with a buy of more than $100 million.While Mode may not be purchasing bitcoin in

Read More »

Analysts: Bitcoin Will Soon Strike the $14,000 Mark

5 days ago

Bitcoin is on a serious roll as of late. The world’s number one cryptocurrency by market cap has been surging over the past few days, and it looks like the asset’s price is just getting bigger and bigger with each passing moment.Bitcoin Is Exploding As of LateJust yesterday, bitcoin moved well past the $12,000 mark and was trading for about $12,700, marking the highest point it’s reached in over a year. The last time bitcoin hit $12K was in late August, only then, the asset struggled to maintain the momentum it needed to stay on a bullish path.This time, however, things are quite different. Bitcoin has spiked again and gone well beyond the $12,900 position. Just a few dollars more and bitcoin will hit $13,000, and many analysts are confident this will soon occur. In fact, several claim

Read More »

Brendan Blumer Discusses What Makes Block.One So Important

5 days ago

Block.one and EOS are notable platforms for two reasons. The first is that they held a year-long coin offering between the summers of 2017 and 2018. The second reason? Because even though the Securities and Exchange Commission (SEC) went after the companies for hosting the token sale – which the SEC is typically known to do – both Block.one and EOS came out ahead and garnered a ruling in their favor. This is important given we’re now in a time when companies are known to fall apart the minute the SEC shows any sort of resistance.Block.one Has Come a Long WayWhile neither company walked away completely unscathed, they were able to settle the massive charges against them for a mere $24 million. This amounted to less than 0.6 percent of what it earned from the token sale.In a recent

Read More »

Ben Weiss: The Next Big Blockchain Company Is Likely to Come Out of Singapore

6 days ago

According to Ben Weiss, the chief operating officer of Coin Flip, the next big tech company – comparable to the likes of both Amazon and Apple – will not stem from the United States but will instead be created within Asia.Ben Weiss: The Next Tech Company Will Come From AsiaHe says that the United States has fallen behind when it comes to cryptocurrency and the regulation necessary to keep crypto in check. While regulation ultimately goes against the decentralized nature of digital assets, he says that at least some is necessary if bitcoin and its altcoin cousins are to ever reach mainstream or legitimate statuses.He believes Asia will hold a strong hand over the United States in that regulation is much clearer throughout the countries lying on the continent. Here, not only is regulation

Read More »

Bitcoin Spikes Following Major PayPal Announcement

6 days ago

The world’s number one cryptocurrency has done it once again. The asset that everyone knows as bitcoin has struck a new high now that October has come into play. The currency is presently trading for well over $12,400, marking the highest it’s been since hitting its late August high.Bitcoin Is Back Above $12,000Approximately two months ago, bitcoin hit the $12,400 mark, thereby striking the highest point it’s seen in about a year. Everyone couldn’t help but chat silently about how the bullish momentum bitcoin had garnered would potentially last forever, though sadly, this was hardly the case. Once September rung in, the currency found itself struggling to maintain ground, and it wasn’t long before bitcoin was shedding numbers off its price.During the first few days of the month, bitcoin

Read More »

Bitcoin Is About to Strike the $12K Mark All Over Again

6 days ago

Bitcoin is on the verge of hitting the $12,000 mark again. This would be the first time the currency has done so in about two months, with late August being the last time the price of the world’s number one cryptocurrency by market cap has come this close.Bitcoin Is Once Again Heading for the TopDuring that time, the asset rose as high as $12,400, though a historically bearish September would then set in and drag bitcoin down to the bottom of the financial ocean, taking its price all the way down to roughly $10,100 as early as September 2. From there, the currency would struggle to regain its previous momentum over the next four weeks, eventually reaching $11,000 again on September 19, though this spike would only last a few hours at most.However, by the time October set in, bitcoin proved

Read More »

FinCEN Issues $60 Million Penalty to Bitcoin Mixer Larry Harmon

7 days ago

Larry Dean Harmon is a hired bitcoin mixer that is now in trouble for bitcoin mixing. In other words, he’s stuck facing a multi-million dollar fine because he did his job, though whether that job is legal is still widely open to question. As the owner of bitcoin mixers Helix and Coin Ninja, Harmon has been saddled with a $60 million penalty by the Financial Crimes Enforcement Network (FinCEN).Harmon Has Been Saddled With a Big PenaltyIn a statement, FinCEN claims:[Harmon] willfully violated the BSA’s registration, program and reporting requirements by failing to register as an MSB, failing to implement and maintain an effective anti-money laundering program, and failing to report suspicious activities… [Harmon] advertised his services in the darkest spaces of the internet as a way for

Read More »

Darkside Crime Ring Donates $10K in Stolen BTC To Two Separate Charities

7 days ago

Imagine running a charity program that accepts money for noble causes. Suddenly, a criminal or malicious actor shows up and decides he’s going to give some money he stole to you. You’d like to say yes because any amount helps what you’re working towards, but the fact is that this is stolen money, and your conscience could never be okay with taking it. In addition, you’re likely to get locked up in some legal issues down the line. What would you do? Unfortunately, for two charities, this is the decision they’re facing right about now.Stolen Money Cannot Be Charity MoneyDarkside, a cybercrime ring, has donated roughly 0.88 stolen bitcoin – worth approximately $10,000 at the time of writing – to two separate online charities: Children International and the Water Project. As it stands, the law

Read More »

Analysts: If Stocks Fall, Bitcoin May Follow Suit

7 days ago

Bitcoin is back up again. At the time of writing, the price of the world’s number one cryptocurrency by market cap has surged more than $300, and it is now trading for just over $11,700, marking the highest it’s been in several weeks.Bitcoin May Be Facing Some Trouble SoonThe currency has been on a roll ever since October came about, and analysts are excited to see the currency make another attempt at gloriously reaching $12,000. While it’s still a few hundred dollars off the mark, things should ultimately prove positive granted the asset can maintain its present momentum.But it’s not all rainbows and roses for the world’s primary form of crypto. According to some analysts, the stock market is highly vulnerable as of late thanks to the oncoming US presidential election, which is set to

Read More »

OKEx Head Taken Into Custody; All Withdrawals Are Suspended

8 days ago

OKEx – one of the largest cryptocurrency exchanges in the world – has been trapped in some legal issues as of late.The Head of OKEx Has Been Taken Into CustodyJust last week, it was reported that the company had suspended all withdrawals, alleging that it had lost access to one of the private keys necessary for maintaining funds and keeping transaction records. However, it is now being alleged that the founder of the exchange was arrested and taken into custody, and that this is the real reason for the suspension.The founder of OKEx is named Xu Mingxing. He was taken in roughly two weeks ago and had failed to make meetings scheduled in an office-based social media platform that the company used to send messages and discuss operations with team members.At the time of writing, it is unclear

Read More »

The Trial of Alexander Vinnik, an Alleged BTC Thief, Has Begun

8 days ago

The trial of Alexander Vinnik – the man allegedly responsible for a ransomware system that stole more than $157 million – has begun in Paris.Vinnik Will Now Stand Before a JudgeThe story behind Vinnik and his capture is a strange one. Vinnik was initially part of a cryptocurrency exchange known as BTC-e, which at one point, was one of the world’s largest crypto trading companies.Throughout his time with the trading platform, he served as a technical programmer, though it is said that he created a specific kind of ransomware while working with the company. Known simply as “Locky,” the ransomware was delivered via email that offered attachments to users that when downloaded, forced people to pay a bitcoin fee in exchange for access to their data, which the ransomware encrypted.This is a

Read More »

OKEx and Bit Berry Work to Support Each Other’s Wallets

8 days ago

Leading crypto wallet Bit Berry has signed an MOU with OKEx, one of the world’s biggest cryptocurrency trading platforms. The document states that each company will work with the other to further establish each enterprise’s digital wallet technology. In addition, Bit Berry will list the exchange’s native currency OKB, giving its clients access to an entirely new coin.OKEx and Bit Berry Join HandsAt the time of writing, Bit Berry is stationed in South Korea and boasts more than 100,000 customers. Bit Berry customers have shown excitement over the idea of potentially trading a new currency. OKB is a hugely popular coin that gives its users several advantages, including access to burns and spot trading. Thus far, the currency has experienced price boosts of nearly 150 percent since the

Read More »

Max Keiser: Bitcoin Could Soon Reach Nearly $30K

9 days ago

Television host and crypto advocate Max Keiser believes that bitcoin may soon make its way up to the $28,000 mark.Max Keiser: BTC Will Reach a New HighIt’s hard to know whether we should be taking these outlandish propositions regarding the future of the bitcoin price seriously or not. For example, over the past few years we’ve heard big things from the likes of John McAfee and others that bitcoin would hit major pinnacles either this year or in the coming years, but very few of these predictions have come true, and as it stands, it doesn’t look like there’s enough time for bitcoin to experience the surges it would need to get even remotely close to some of these suggested figures.McAfee said for many years that bitcoin would reach a price of one million dollars in the year 2020. Well,

Read More »

How Alessandro Euro Hopes to Put an End to BTC Ransomware

9 days ago

A young man who works in the cybersecurity industry that’s considered excellent at what he does is now helping many companies and government agencies eliminate the threat of ransomware. His name is Alessandro Euro, and he’s only 16 years of age, yet many institutions – from Twitter, Robinhood, Capital One and others – are looking for his expertise to help get rid of this problem once and for all.Getting Ransomware Out of the WayRansomware has become a hugely popular method of gaining access to other people’s funds over the past several years, and cyberthieves are utilizing it more and more to try and get their fingers on money they haven’t earned, much less deserve. The process involves locking up a computer or a network of computers and encrypting all the data on the said devices.From

Read More »

Coinbase Will Now Provide Financial Support to BTC Coders

9 days ago

For the first time in it’s long and prominent history, Coinbase – a leading cryptocurrency exchange in the western hemisphere – has announced it will be sponsoring two separate bitcoin developers.Coinbase Is Moving in a Whole New DirectionThis marks a serious change for the trading platform, who in the beginning, has refused to take such a position when it comes to bitcoin and cryptocurrency developers. However, the company has taken quite a bit of backlash over the years for refusing to take a stance on those that are consistently improving bitcoin’s coding. If it wasn’t for bitcoin and other forms of crypto, Coinbase and many other exchanges would not even be in existence, nor would they be reaping the billions of dollars they garner each year, and some are taking offense with Coinbase’s

Read More »

The SEC Is Finally Looking At the Prospects of a Bitcoin ETF

10 days ago

The US Securities and Exchange Commission (SEC) has now entered a period of active study. It is busily looking at cryptocurrency-based exchange-traded funds or ETFs, and thus it may be that traders could find themselves reaping the benefits of such opportunities very soon.The SEC Is Looking to Shed Its “Rigid” ImageThe news of the study session was announced at a conference by Jay Clayton, the chairman of the SEC. This is something that should really be tugging at the heartstrings of most investors everywhere, especially the US, considering how long it’s been that they’ve waited for a crypto-based ETF. Several companies have tried to get one approved, such as Bitwise, and few have gotten far.The SEC has clearly shown in the past that it doesn’t quite understand cryptocurrencies the way it

Read More »

Tether May Become the Second-Largest Cryptocurrency Soon

10 days ago

Will stable currencies ultimately take over bitcoin? According to a new report, the controversial stable coin known as Tether is slated to become the second-largest cryptocurrency by market cap as early as next year, and will only be smaller than bitcoin, but how long will that last?Is Tether About to Get Much Bigger?The world of stable coins has doubled in the past few months, and it looks like average traders and retailers alike are getting into the stable coin craze. Even Atari, a video game company, has announced plans to enter the crypto space and unveil its own stable currency very soon. This coin can be used for in-gaming purchases and events.Stable coins are interesting in that they are cryptocurrencies tied to fiat currencies such as the US dollar, the euro, the yen and the yuan.

Read More »