Tag Archives: Cryptocurrency News

VanEck's recently launched BItcoin Trust is a total flop, based on initial investment interest. | Source: ShutterstockFollowing the divisive launch of a so-called “Limited ETF” from the fund manager VanEck, the crypto-focused offering has fallen short of impressive, citing just a single issuance of the instrument with a total of 4 BTC under management…Statistics from VanEck as of 09/09/19, on “ETF” i.e VanEck SolidX Bitcoin Trust 144A Shares. | Source: VanEckThe data was relayed via crypto...

Bitcoin's suddenly boring again. Has $10,000 become the yawn-inducing new normal for BTC, or will the market wake back up soon? | Source: ShutterstockAfter bitcoin’s parabolic renaissance sparked hopes of new highs back in April, the expectation of BTC reclaiming $20,000 has become a fleeting reality. In recent weeks, bitcoin has sluggishly ranged between $10,000 and $11,000, causing its trademark volatility to vanish.Tranquil Bitcoin Market Leaves Traders Daydreaming of More Volatile...

Switzerland's financial regulator will subject the 'Libra' project to further scrutiny. | Source: ShutterstockSwitzerland’s financial regulator has indicated that Facebook’s cryptocurrency project Libra will be required to meet additional requirements besides getting a payment system license prior to starting operations.In a press release, the Swiss Financial Market Supervisory Authority (FINMA) stated that the various services planned by Facebook’s cryptocurrency initiative had necessitated...

Domino'sDominos France has announced a giveaway competition in which one lucky pizza/crypto aficionado will win €100,000. The catch? Prospective winners have to choose between a denomination in bitcoin or fiat …  On second thoughts, it’s a pretty easy choice.Domino’s France makes the obvious connection. | Source: ShutterstockThe competition, which is being held to celebrate 30 years of Dominos France, started on September 4 and will run to October 6. Shockingly, all participants have to do...

BitPay's untimely ban comes during the unprecedented protests sweeping across Hong Kong. | Source REUTERS/Tyrone SiuBitcoin payment processing platform BitPay has blocked payments to the Hong Kong Free Press (Hong Kong FP), according to the chief editor of the nonprofit press agency.Tom Grundy accused BitPay of sitting atop their funds for almost three weeks. He said the US bitcoin firm held their money because Hong Kong banks do not support IBAN. That raised questions whether or not BitPay...

Source: ShutterstockBitcoin developer Jimmy Song says the world does not need a bitcoin ETF. Moreover, the crypto entrepreneur says he doesn’t care about the mainstream media’s negative stereotypes of bitcoin, saying they’re irrelevant.Song made the remarks during a Sept. 10 interview with BlockTV. When asked about the recent media hype surrounding the SEC’s potential approval of a bitcoin ETF, Song says it really doesn’t matter.Song: Bitcoin ETF is not a gamer-changerWhile a bitcoin ETF...

John De Mol alleges that Facebook did not negotiate in good faith over addressing misleading Bitcoin advertisements attributed to his name. | Image: ShutterstockThe creator of the Big Brother reality TV show has failed to reach an agreement with Facebook over fake Bitcoin ads that purported to originate from him. The fake Bitcoin ads promoted cryptocurrency-related investments which were allegedly backed or endorsed or had the involvement of the Dutch billionaire John de Mol.According to...

LG is expected to join Samsung in the crypto space and provide consumers with a choice. | Image: ShutterstockBlockchain has become a buzz word for companies looking to make a big splash and generate a fair amount of publicity.  This has been the case for several industries over the past few years and it’s now true for the smartphone industry.Samsung and HTC were the first smartphone makers to fully embrace cryptocurrency and its related DApps, and it now appears that LG is ready to join...

Senegalese-American Akon offers his take on bitcoin during a radio show. | Source: REUTERS/Thomas MukoyaSinger Akon has rubbished the common perception that cryptocurrencies such as Bitcoin are too volatile. Per the U.S. musician, crypto enjoys more stability relative to fiat currencies.Speaking in a radio interview on the Breakfast Club, Akon defended the volatility that Bitcoin skeptics regularly cite for their negative attitude towards crypto saying that “Believe it or not the...

Facebook's fiat-pegged 'cryptocurrency', the Libra, may reportedly avoid including China's Yuan among its list of supported state currencies. | Source: ShutterstockThe basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan.According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.Facebook offered up this potential list after Virginia Democratic Senator,...