Home / Nick Marinoff

Nick Marinoff



Articles by Nick Marinoff

Another Bruise for Ripple as Grayscale Customers Say Goodbye to XRP Trust

16 hours ago

Ripple and XRP are continuing to lose the love they once boasted thanks to the recent lawsuit initiated by the Securities and Exchange Commission (SEC).Ripple Is Losing Out AgainThe financial firm recently filed charges against Ripple on account that the XRP asset it hosts is alleged to be a security rather than a currency by agency heads. Thus, according to the organization, Ripple has not been forthcoming regarding the coin’s status and engaged in an illegal token sale when XRP was first offered by not properly registering it. It is estimated that the company sold over $1 billion units during that time.Ripple has fought these allegations, claiming that XRP is a standard currency and that it has been recognized as so by several leading financial organizations in both the United States and

Read More »

Early Mt. Gox Creditors Are Now Entitled to “Justice” Payments

18 hours ago

It’s hard to believe that after nearly seven years of waiting, there are still many traders and individuals who have not garnered what’s rightfully theirs from Mt. Gox, the now defunct cryptocurrency trading platform in Japan.Mt. Gox Victims Can Now Get Their MoneyHowever, after all this time, it looks like many creditors are finally going to get access to the funds that have been locked up for so long following the company’s bankruptcy filing.Mt. Gox is widely considered one of the worst disasters in cryptocurrency history. The trading exchange experienced a massive theft that saw more than $400 million in BTC units disappear overnight. There was much speculation as to what may have caused the disappearance and who was behind it. There was even talk of it being an inside job, and the

Read More »

JPMorgan: Institutions Do Not See Bitcoin Beyond a Speculative Light

20 hours ago

Over the past few months, bitcoin has been enjoying a historic bull run like no other. The asset has reached $40,000 in certain weeks, and as a result, we have been hearing several different narratives discussing what could potentially be making the asset spike to such an extent.Bitcoin May Not Be What We’ve AssumedOne of the most common arguments we’ve been hearing is that institutions are now seeing bitcoin in a much more positive light. They believe that bitcoin is a hedge tool of sorts and comparable with gold in that it can potentially keep one’s wealth safe and sturdy during times of economic strife. With inflation on the rise and the global economy suffering thanks to the coronavirus pandemic, this seems rather easy to believe.However, according to various sources, this isn’t

Read More »

Stefan Thomas Is Okay with the Recent Loss of His BTC Fortune

2 days ago

Recently, Live Bitcoin News published a story about Stefan Thomas, a San Francisco resident originally from Germany that had only two tries left to access his locked bitcoin stash. Here is an update for all who may have been worried about his situation.Stefan Thomas: Finding Peace Through LossThomas has all his digital funds stored in a special kind of wallet known as Iron Key. The wallet is built to be stronger than standard wallets and less susceptible to fraud and theft. The big clincher is that a person has about ten separate tries to enter their password and login information. If, after those ten tries, the data proves false, Iron Key encrypts all the data held within and becomes lost forever.Thomas, at the time of writing, has tried eight times to gain access to the funds in

Read More »

James Howells Is Working Extra Hard to Get His Lost BTC Back

2 days ago

Imagine having a lot of money stored up in a safe somewhere. Before you even realize it, you’ve somehow lost the safe’s key only to find that it went out with the rest of your everyday trash. It wasn’t something that you meant to do… It just kind of, well… happened. For 35-year-old James Howells, this is the reality he’s currently facing after realizing that he threw out some hard drives containing quite a bit of bitcoin with the rest of some unwanted materials.James Howells Really Wants His BTC BackWhile moving out of his home roughly eight years ago, Howells thought like most people do when they’re shifting locations, “How can I make this easier on myself? What useless junk that I don’t need anymore can I just get rid of to lessen the burden of what I’ll have to take with me?” It turns

Read More »

Bitcoin Suffers Another Fall; Shaves Off $5,000

2 days ago

Bitcoin is ending the week with another dip added to its roster. The currency – which less than 24 hours ago was trading in the low $40,000 range again – has fallen by about $5,000 at the time of writing and is now trading for just over $35,000.Bitcoin Has Experienced Another Major SlipWith the first few weeks of January in the books, it appears bitcoin is having difficulty making up its mind about where it wants to be for now. Initially, the currency hit a new all-time high of roughly $40,000 during the first moments of the month, though for the most part, it’s had a hard time retaining this position, with several major dips now under its belt in the new year.This is rather discouraging to most traders and analysts alike, with many members of the latter category claiming that 2021 would

Read More »

The Latest Example of Crypto Crime Involves Some Unlikely “Fishermen”

3 days ago

Crypto crime cannot, should not, and must not be tolerated. This is the newfound attitude that we’re seeing as of late as the digital currency industry becomes more mainstream and legitimate. Unfortunately, with the rise of bitcoin and so many other cryptocurrencies in recent months, it appears that many individuals out there are taking chances and engaging in crypto crime so they can garner assets that don’t naturally belong to them.Crypto Crime Continues Despite Many Efforts to Stop ItThe most recent case of crypto crime involves a set of darknet drug dealers. It is estimated that these individuals possessed as many as 392 bitcoin units, which are valued at around $16 million at the time of writing. A federal judge had put out a warrant that called for their immediate arrest, and at

Read More »

Grayscale Bitcoin Holdings Have Expanded Even More

3 days ago

With bitcoin’s sudden surge back into the $40,000 range (it’s currently pulled back a little to just over $39,000 at press time), the currency appears to be back on its feet and is taking companies like Grayscale along for the ride.Grayscale Is Holding More Bitcoin Thanks to the Price SurgeGrayscale is one of the largest institutions backing bitcoin. It was recently reported that the company holds approximately three percent of the world’s BTC units, and its custody services are second to none. With the recent surge of BTC back to around $40K, it is estimated that the amount of crypto the company holds for its clients is just over $20 billion.This is a massive difference from where Grayscale stood at around this time in 2020. During the first month of that year, the firm’s crypto holdings

Read More »

Mike Novogratz Doesn’t Think People Will Lose Their Crypto Passwords in the Future

3 days ago

Recently, Live Bitcoin News put out a story discussing how many people have potentially lost their passwords and thus cannot access the mega bitcoin stashes they’ve collected over the years. According to billionaire investor and former hedge fund manager Mike Novogratz, this isn’t likely to occur again anytime soon.Mike Novogratz: When the Price Is This High, People Won’t ForgetOne of the big problems with bitcoin and crypto in general is that it can be easy to lose one’s login information, especially for complicated wallets that require two-factor authentication or multiple devices to gain access to one’s money. In the recently published story, we discussed a man who had a hardware wallet known as Iron Key that permitted ten attempts to enter one’s password. Granted the person failed all

Read More »

Bulgarian Crypto Director Rossen Iossifov Given Prison Sentence

4 days ago

It has become rather clear in recent years that crypto crime will not be tolerated. Rossen Iossifov – the Bulgarian owner of the now defunct RG Coins – is learning this lesson the hard way.Iossifov Sentenced to Ten YearsIossifov has been sentenced to ten years behind bars for running a cryptocurrency exchange that was allegedly used to launder tens of millions of dollars in ill-gotten funds. The exchange was reportedly utilized to host fake auctions, convincing people to invest and then moving their funds through assorted crypto platforms as a means of hiding the money from authorities.The U.S. Department of Justice (DOJ) has put out a statement claiming that the 53-year-old Iossifov “intentionally engaged in business practices designed to both assist fraudsters in laundering the proceeds

Read More »

Christine Lagarde: There Needs to Be Global Regulation of BTC

4 days ago

ECB President Christine Lagarde has expressed her thoughts on BTC in a recent interview, claiming the asset needs to be regulated on a “global level.”Christine Lagarde: Bitcoin Must Be Globally RegulatedIn her opinion, bitcoin has given people open doorways to numerous financial crimes such as money laundering. Thus, without global regulation in play, these doors can never be closed. She mentioned that bitcoin is not a currency. Instead, it is a rather “highly speculative asset which has conducted some funny business and some interesting and totally reprehensible money laundering activity.”One of the problems she has with bitcoin is that it is still so vulnerable to price swings. This is part of the reason as to why she claims it is not a valid currency. With bitcoin’s sudden spikes in

Read More »

Lindsay Lohan Offers Big Price Prediction for BTC

4 days ago

Bitcoin has shot back above the $35,000 mark at the time of writing. This is about $2,000 higher than where it stood yesterday. The currency is once again bringing itself up the financial ladder, and it looks like the asset is beginning to earn all kinds of celebrity endorsements from the likes of singer Lindsay Lohan and others.Lindsay Lohan Is Pushing BitcoinBitcoin has always a big celebrity attractor. Many figures who can be classified as rich and famous have turned their sights to bitcoin either to invest in it or to learn more about it. Recently, Maisie Williams of “Game of Thrones” fame took to Twitter to ask her many followers more about the digital currency and decide about whether it should be included in her portfolio.Lindsay Lohan has put out a paid video message predicting

Read More »

Federal Reserve Plans to Limit Spending; Could This Hurt BTC?

5 days ago

Over the past several months, the Federal Reserve has been purchasing many leading assets as a means of keeping the U.S. economy somewhat stable during the coronavirus pandemic. This overspending and overprinting of traditional fiat money to ensure people have stimulus measures during the pandemic has caused many traders – both standard and institutional – to pile their money into commodities like bitcoin, which is no longer a speculative asset in many people’s minds.If the Federal Reserve Limits Spending, Bitcoin’s Price May FallBTC has garnered a new reputation in that it is now widely looked upon as a hedge tool of sorts; something that can potentially keep people’s money safe during times of economic strife. However, this was all during a period when money problems were running

Read More »

Why Missing Passwords Are Still a Major Problem for BTC Holders

5 days ago

One of the big problems with cryptocurrency is that it requires long and extensive passwords to remain secure. Owners of digital currency have often come across this issue. They forget their passwords and cannot access their funds, and as a result, these funds get locked up or lost forever. For Stefan Thomas, the problem is even bigger considering it’s keeping him from gaining access to well over $200 million in bitcoin at press time.Losing Passwords Usually Leads to Lost BTCBorn in Germany and now living in San Francisco, Stefan Thomas is a programmer that owns a small hard drive known as Iron Key. Contained within this Iron Key hard drive is more than 7,000 bitcoin units, which is equivalent to about $220 million.The big issue that Thomas is experiencing has to do with how Iron Key

Read More »

Institutional Investors Make Up Only a Small Portion of BTC Traders

5 days ago

Over the past several months, institutional investors have held a grand stake in the world of bitcoin. Companies like MicroStrategy, MassMutual and Stone Ridge have all invested hundreds of millions of dollars into bitcoin, and as a result, the currency has ultimately risen beyond the $33,000 mark at the time of writing.Institutional Investors Are Still a Small Portion of the Trading PopulationNo doubt that institutions have been playing a huge role in the legitimization of the crypto space. They’ve continued to invest money in the asset and are helping it rise in both price and value. However, according to Jeff Currie of Goldman Sachs fame, institutions – despite all the work they’ve done over the past six months – still hold a rather small position in the crypto arena.It’s easy to assume

Read More »

Mark Cuban: Bitcoin Should Be Okay in the Long Run

6 days ago

The recent bitcoin selloff and the dip of the world’s number one digital currency by market cap has several analysts and industry experts flooding the space with comments and ideas regarding where the asset will go from here, and some of them – which are surprisingly coming from Mark Cuban – are rather positive.Mark Cuban: BTC Will Survive the Present OnslaughtIt’s a bit of a shock to see Mark Cuban say anything good towards bitcoin considering he’s been a bit on the bearish side in recent years. He recently compared bitcoin to a new religion of sorts and claimed that it wouldn’t do anything for traders in “doomsday” scenarios. He further stated that anyone who though bitcoin was a store of value or a hedge tool was likely fooling themselves.In a recent interview, Cuban claims that while

Read More »

Jeffrey Gundlach Is Right in the Middle on BTC

6 days ago

When it comes to bitcoin, it’s quite possible to be right in the middle. You don’t have to be Warren Buffett, where no matter how high the coin goes, you can’t send any compliments towards it. You also don’t have to be Tom Lee, who is often praising the currency and predicting big things for it – even when its traversing the doldrums. You can be right at the center of a bitcoin argument, and proof of that exists in “Bond King” Jeffrey Gundlach.Jeffrey Gundlach: I Don’t Like Where BTC IsIn a recent interview with CNBC, Gundlach commented that he is not at all a bitcoin hater. However, he does feel that it’s presently traveling through “bubble territory” and has been doing so ever since it hit a price of $23,000. Right now, he’s not feeling too good about where the asset is.This might sound

Read More »

Bitcoin Takes a Huge Dip; Falls by $7,000

6 days ago

Well, it looks like all good luck can’t last forever. Bitcoin, the world’s number one digital currency by market cap, has taken a serious stumble, having fallen back to about $33,000 at press time after spending most of the weekend trading at the $40,000 range.Bitcoin Decides to Step BackThe currency has risen to unprecedented levels, and with these spikes comes some serious repercussions that are potentially coming in the form of a new selloff, which typically tends to happen whenever bitcoin reaches a new high. The asset makes a lot of its traders money, it makes them rich, but quite a handful of them are not content with sitting around for a while letting it endlessly grow. They feel the need to sell some of their units and rake in a little cash in the process, which ultimately prevents

Read More »

Move Over BTC; Ethereum Is Outdoing Bitcoin’s Gains By a Mile

7 days ago

It’s quite easy to get caught up in the bitcoin hype. After all, the currency is the face of the digital asset market and presently serves as the largest cryptocurrency by market cap. With its recent jump to roughly $40,000 per unit and the establishment of a new all-time high, it’s hard not to keep our focus and attention on it, but we can’t turn our backs on Ethereum or any of the world’s other high-ranking digital assets, many of which are putting bitcoin’s sudden surges to shame.Ethereum Is the Big Gainer as of LateEthereum is the world’s second-largest cryptocurrency by market cap and the number one competitor to bitcoin. Younger than BTC by about six years, the currency is widely known not for its payment abilities or money-making habits, but rather for its smart contracts that have

Read More »

Trader Michael Hartnett Doesn’t Think Much of BTC

7 days ago

As we’ve seen before, it doesn’t matter how well bitcoin does or how strong it’s price becomes. There could be a dozen major rallies and there will still be doubters out there. Proof of that exists in Wall Street trader Michael Hartnett, who in a recent interview, referred to bitcoin as the “mother of all bubbles.”Michael Hartnett: BTC is the “Mother of All Bubbles”As it stands, Hartnett doesn’t necessarily believe that the bitcoin price is going to fall. At least he never hinted at this during his recent statements, but he does think that the asset is the product of “speculative mania,” saying that the bitcoin price has risen by more than 1,000 percent in just the last two years alone. This is far more than any stock or even gold has jumped within the same timeframe, and he finds this all

Read More »

Marex Spectron Group Releases Questionably-Timed Bitcoin Product

7 days ago

One of the big problems with bitcoin in the past has been its volatility and the fact that it’s so vulnerable to price swings. At the time of writing, the volatility it’s known for has been presenting a lot of advantages for traders of the world’s number one cryptocurrency by market cap, but one brokerage firm in the United Kingdom – Marex Spectron Group Ltd. – is still looking for a way to ensure people can make money on crypto while avoiding this volatility.Marex Releases New Bitcoin Product, but Was Now the Right Time?The company has recently introduced a new product it’s calling an “auto callable.” Granted you have at least $200,000 to invest, you can take advantage of this product and, according to a statement released by Marex, make as much as 70 percent on your overall bitcoin

Read More »

Central Washington Told to Watch Out for Bootleg Crypto Mining Companies

8 days ago

Central Washington – an area that has attracted a high level of bitcoin and crypto mining operations thanks to its low energy costs – has been told to watch out for any signs of bootleg mining companies.Central Washington Is Now Keeping an Eye OutAmong the red flags that the area has been put on high alert for are unusually high energy bills and exhaust fans that operate on a 24-hour scale.The area has been one of the most sought-out regions amongst crypto and bitcoin miners since 2017. At that time, the bitcoin boom saw the world’s number one digital currency by market cap reaching a new all-time high that exceeded $19,000 per unit, though this is small beans compared to the $40,000 per unit that bitcoin is presently trading for.In any case, during that time, miners from many foreign

Read More »

Elon Musk Apparently Wouldn’t Mind Getting His Salary in BTC

8 days ago

Elon Musk – the South African entrepreneur behind billion-dollar ventures like SpaceX and Tesla – says he’s looking to potentially get paid in bitcoin, or at least he’s intrigued by the idea.Elon Musk Wants to Get Paid in BTC?Musk has always been there to give his thoughts and ideas on crypto. The problem is he goes back and forth – so much so that it’s hard to take him seriously. Is he a fan of crypto or not? Is it something he considers revolutionary, or does he believe all crypto will potentially become null and void? His past comments have led traders and investors to consider both.In his latest bitcoin ploy, he states that he would be pleased to potentially get paid in bitcoin sometime in the future. Ben Mezrich – the writer of “Bitcoin Millionaires” published a tweet that explained

Read More »

Analysts Explain Why the 2018 Bitcoin Crash Isn’t Likely to Happen Again

8 days ago

Right now, the bitcoin price is trading above $40,000. The asset is doing better than it ever has and it has even reached a new all-time high.The Bitcoin Crash of 2018 Is No Longer LikelyIf this kind of behavior doesn’t sound familiar yet, it should. This is exactly what bitcoin went through three or four years ago. The asset continued to spike and spike like it never had before. It was adding hundreds to thousands of dollars to its price each month and eventually shocked the world when it rose to $19,000+, which at that time, was the tallest peak the cryptocurrency and its many fans had seen.But as we all remember, 2018 saw the currency fall to new lows, ultimately losing about 70 percent of its value by the time Thanksgiving rolled in. The asset dropped down into the mid-$3,000 range,

Read More »

Chamath Palihapitiya: Bitcoin Will Hit $200K in About 5 to 10 Years

9 days ago

Bitcoin has been surging as of late. At the time of writing, the world’s number one digital currency by market cap has jumped beyond the $40,000 price for the second time this month, but according to billionaire investor Chamath Palihapitiya, the currency is just getting started, and $40,000 is nothing compared to where he believes it will go within the next five to ten years.Chamath Palihapitiya: Bitcoin Will Hit $200,000 Within the Next DecadeIn a recent interview with CNBC, Palihapitiya explained that by the year 2031, the digital currency could potentially be trading for a price of roughly $200,000 per unit. At the rate that the cryptocurrency is going, this doesn’t seem like an out-there prediction. In just the last week alone, bitcoin has added about $10,000 to its overall price, and

Read More »

Bill Miller: Risk Associated with BTC Vanishes When Its Price Gets Bigger

9 days ago

Bill Miller – a value investor – is one of just many people who appear to have changed their tune on bitcoin. It used to be that bitcoin was an extremely worrisome, potentially even dangerous asset to invest in given how volatile it was. It used to be that bitcoin was a currency that was widely vulnerable to outside market influence and that could easily be manipulated.Bill Miller on Bitcoin – When It Gets Bigger, the Risk Goes DownHowever, Miller has said that every time bitcoin strives for a larger price, some of that risk dissipates. He says that so long as bitcoin continues to move up the financial ladder, it becomes less and less dangerous for everyday traders.In a recent interview, he commented:It gets less risk the higher it goes. That’s the opposite of what happens with most

Read More »

Whale Activity Has Caused Bitcoin to Reach $40,000 Again

9 days ago

The bitcoin price has hit $40,000 for the second time this month. While technically the asset had done so during yesterday’s early morning hours, the currency ultimately underwent a bit of a correction later in the day that brought it down into the $39,000 range.Bitcoin Strikes the $40K AnvilNow, however, bitcoin has hit $40K again and it looks like it’s aiming to stay there. In just the last 12 months alone, the bitcoin price has managed to grow by a whopping 400 percent.Many analysts have been going back and forth regarding what could possibly be allowing bitcoin to spike so high. Is it due to COVID? Are people seeing it in a whole new light? Is bitcoin finally being viewed as a store of wealth?These are all likely contributing factors, though according to new research now being released

Read More »

New Report Suggests $1 Billion in BTC Revenue for Square in 2021

10 days ago

Square has made quite a name for itself in the bitcoin space these past few years. The company – along with its bearded CEO Jack Dorsey – has repeatedly served as an advocate for the world’s number one cryptocurrency by market cap, going so far as to purchase roughly $50 million in BTC last October and serving as one of the few institutional platforms to come out and offer its support publicly.Square Is Set to Make a Lot of BTC-Related DoughIt can be argued that Square contributed to the trend that ultimately saw firms such as MassMutual and Stone Ridge begin buying up as much bitcoin as they could.The company has also generated quite a bit of bitcoin business and revenue over the years, with 2020 being its biggest 12-month period to date. The firm made as much as $110 million through BTC

Read More »

Grayscale Is Now One of the World’s Largest Holders of BTC

10 days ago

The Grayscale Bitcoin Trust now holds of a rather solid portion of the world’s total BTC units.Grayscale Is a Major Bitcoin ManagerChief executive officer Michael Sonnenshein commented in a recent interview that thanks to newfound respect for BTC amongst institutional traders, the Grayscale Bitcoin Trust presently manages a record three percent of the world’s total BTC thanks to an increase in activity from its professional clientele.In 2020, companies such as Square, MicroStrategy, Stone Ridge and MassMutual put millions – and sometimes hundreds of millions – of dollars into the world’s largest and most popular cryptocurrency by market cap, and Sonnenshein is convinced the trend is likely to continue well into 2021 and beyond.He states:We’ve started to see participation not just from the

Read More »

Bitcoin Hits $40,000; How Much Bigger Will It Get?

10 days ago

Bitcoin has hit another all-time high. The currency – which just yesterday was trading for around $35,000 per unit – has added another $4,000 to its price and is now trading for around $39,000. This, ultimately, is a slight pullback from where the currency was during the early morning hours after it hit a whopping $40,000 per unit for the first time in its short yet significant history.Bitcoin Has Surged Again!The surge came with a few repercussions such as Coinbase crashing for the umpteenth time, though the exchange appears to be operational again at press time.There really are no words to describe just how strong the currency has become in the last year. The asset was trading for around $7,000 last January – nearly six times less than what it is today. The currency – despite a troubling

Read More »