Over the past few months, crypto has really taken precedence with traders and American politicians. For example, New York City’s mayor-elect Eric Adams wants to be paid in BTC. He also wants to see crypto taught in schools. Miami’s mayor Francis Suarez also wouldn’t mind bitcoin-based pay. Crypto Isn’t Loved By Everyone The point is that crypto is witnessing heavy growth in its popularity. Unfortunately, many environmentalists still don’t see the space as worthwhile....
Read More »B of E’s Jon Cunliffe Isn’t Crazy About Crypto Taking Over
Jon Cunliffe – the deputy governor of the Bank of England – feels the crypto space is spiraling out of control… So much so, that it’s now beginning to threaten the financial stability of both citizens and countries alike. Jon Cunliffe Thinks Crypto Presents Certain Hazards Over the past few years, the world of cryptocurrency has grown to unprecedented levels. Bitcoin, for example, is the world’s number one digital currency by market cap. At the time of writing, it is...
Read More »Family Offices Hold a Lot of Crypto as of Late
Approximately four percent of the world’s cryptocurrency is held by billionaires. Many of them, according to recent reports, have obtained these funds through discreet family offices. Family Offices Keep Buying Crypto The situation is a tough one to evaluate for many reasons. For one thing, it is a bit disconcerting that crypto holdings could be so concentrated when it was designed to give power to general members of the public. There are so many people out there that...
Read More »Bitcoin and Other Assets Fall; Industry No Longer Valued at $3 Trillion
The world of cryptocurrency is going crazy at the time of writing. Many of the biggest assets – including bitcoin, Ethereum, Solana and Ripple’s XRP – have fallen by about seven percent or more, causing the entire industry to lose billions over a 24-hour period. Bitcoin and Other Assets Have Fallen Into Oblivion Traders should be used to this kind of behavior from bitcoin and its altcoins cousins. Sadly, very few are mentally prepared for crashes of this magnitude,...
Read More »Gaucho Group Sells Vineyard Land for Digital Currency
Gaucho Group Holdings, Inc. – an e-commerce company that focuses on luxury items such as fine wines, leather goods and estates – has announced a major land sale that is going to be used for producing and growing vineyards. What’s the big clincher? The entire transaction occurred via cryptocurrency. Gaucho Group Is Pushing Crypto Forward The lot was available through a division of Gaucho known as Algodon Wine Estates. The firm concentrates primarily on wine-related...
Read More »Apple CEO Tim Cook Says His Company Is “Looking at” Crypto…
Apple CEO Tim Cook has confirmed that he is a cryptocurrency owner, though he did not specify which coins he owns, nor did he mention how much his stash is worth. Even more important is that the tech mogul hinted his company is potentially looking into crypto offerings. Tim Cook on Crypto In a recent interview, Cook was approached directly by a reporter and asked if Apple would, at some point, delve further into the cryptocurrency space. The answer Cook gave was somewhat...
Read More »Tech Entrepreneur Zaryn Dentzel Loses Millions in Crypto Following Home Invasion
Police in Spain are investigating the robbery and assault of a bitcoin millionaire who allegedly had his home invaded and a digital fortune stolen. Zaryn Dentzel – the co-founder of Tuenti, a social media network based in Spain – witnessed more than one million euros worth of BTC disappear in an instant. Zaryn Dentzel Is Being Looked at By Medical Staff Dentzel detailed the experience to media outlets in Madrid, where he lives. The 38-year-old tech entrepreneur was...
Read More »Commonwealth Bank in Australia Will Give Customers Access to Crypto
A major bank in Australia known as the Commonwealth Bank will allow users to buy and sell cryptocurrencies through its app. This is a first for such a major institution in the Outback nation. The Commonwealth Bank Is Bringing Crypto to Customers The bank has established partnerships with firms such as the Gemini Exchange in New York and blockchain analysis company Chainalysis to offer the new app to its more than six million users. Individuals can utilize the tool to...
Read More »Bitcoin is Generational Wealth – A Short Film by Matt Hornick and Tomer Strolight – World Premiere
“Bitcoin Is Generational Wealth” is a short film exploring the potential Bitcoin has to extend the timeframe of the projects humanity focuses on and actually achieves. Across recorded history, cycles of rise and fall, both of civilizations themselves and of what they use for money, repeat time and again. We are experiencing another fall now and it is horrifying to observe. However, for the first time in humanity’s existence, something unprecedented arrives – a money that...
Read More »Coinbase Wants a Whole New Regulatory Department to Handle Crypto
In a recent statement, Coinbase – one of the largest and most popular cryptocurrency exchanges in the world – made a case for creating a whole new regulation department to oversee the processing of cryptocurrency transactions. Coinbase Has Some Big Ideas Regarding Crypto Regulation Right now, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are tasked with examining crypto activity and digital processes. However, these...
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