Tag Archives: Bitcoin News

Andrew Bailey is the governor of the Bank of England, and apparently, he does not like bitcoin very much. Andrew Bailey: Not Bitcoin’s Biggest Fan In a recent interview, Bailey trashed bitcoin and its altcoin cousins, and said that investors should only take the risk of putting their money into digital assets granted they are willing and able to lose it all at a moment’s notice. Discussing cryptocurrencies, he stated: They have no intrinsic value. That does not mean to...

Charlie Munger – who is the righthand man of Berkshire Hathaway CEO Warren Buffett – hates bitcoin probably even more than his boss does. Charlie Munger Has No Bitcoin Love As the vice chairman of the company, Munger states that bitcoin’s success over the last several years makes him nauseous, and that the currency’s background as a go-to token of illicit behavior should have ultimately given it the boot early in the game. Munger commented in a recent Q&A: Of course,...

Gary Gensler – the new head of the Securities and Exchange Commission (SEC) – says that while he understands why so many people are eager to jump aboard the crypto bandwagon and invest in these new assets, there is still too much fraud meandering about, and more regulations need to be implemented as a means of protecting people from illicit behavior. Gary Gensler Wants More Crypto Regulations One of the big problems Gensler has with crypto – bitcoin specifically – is...

If you think the bitcoin or cryptocurrencies you purchased through PayPal are officially yours, think again. As it turns out, anyone who purchases digital assets through the company are not given private keys to these coins, thereby denying them ownership, though it is still possible to garner a hefty profit on these assets granted they move up in price. PayPal Is Looking to Retain Control PayPal first announced its venture into the crypto space during October of last...

New York is concerned about bitcoin mining. So much, in fact, that a new Senate bill is looking to shut down all mining operations for approximately three years until the state can assess the damage done to the environment through mining. New York Has Taken a Stance Against BTC Mining While it is easy to point the finger at New York right now and accuse it being closed minded, the fact is that this is something that appears to be worrying the entire world, especially...

Bitcoin – the world’s biggest and most popular cryptocurrency by market cap – is shooting back up. At the time of writing, the asset is trading for just over $57,000. This is a huge improvement over the $54,000 it was at a few days ago and the $49,000 per unit it was stuck at early last week. Bitcoin May Grow Again Soon For the most part, it was believed that bitcoin would likely continue its bullish patterns into the month of May, though thus far, this period is proving...

Sometimes, the only way to keep a financial market alive is to think for yourself, and according to Changpeng Zhao – the CEO of Binance, the world’s largest and most popular cryptocurrency exchange – the herd mentality is really doing some heavy damage to the digital asset space. Changpeng Zhao Thinks People Need to Invest Long Term To be fair, he comments in a recent interview that this same attitude is seen in the stock market, though crypto appears to be more...

Hundreds of banks throughout the United States are about to offer bitcoin and cryptocurrencies to their customers thanks to their new partnerships with NYDIG. NYDIG Is Paving the Way for “Crypto Banks” NYDIG is stationed in New York and is a cryptocurrency custody firm. It is also a division of Stone Ridge, an institutional office that made headlines late last year after it invested more than $100 million into bitcoin. The firm has now partnered with Fidelity National...

With the rise of cryptocurrencies over the past year, it is now clear that they are here to stay, and we can see how they are becoming an increasing part of mainstream industries, businesses and sectors as time passes. This has been especially true in the financial sector, as cryptocurrencies could fundamentally change the way this sector operates. While the level of acceptance towards cryptocurrencies has differed across various countries, Canada has been one of the...

Auction house Sotheby’s – which offers bidding wars on some of the finest art, jewelry and wine available today – has announced that it will accept bitcoin and ether bids on an upcoming auction of “Love Is in the Air,” a piece by popular artist and bitcoin advocate Banksy. Sotheby’s Ready for Crypto Bidding This will be the first time that a largescale auction house is willing to accept crypto payments for art items up for bid, though the winner is also able to pay with...