Tag Archives: News

Initial exchange offerings (IEOs) are getting a bad rap from the Securities and Exchange Commission (SEC), which claims that they’re just initial coin offerings (ICOs) under a different brand.IEOs Are Not What They Claim To BeThe SEC is warning investors to steer clear of IEOs in that they could come from unregulated exchanges. If the exchange itself is not in compliance, this could lead to heavy problems for whoever’s willing to put money into it in that they will not receive investor...

New details have emerged in the Craig Wright/ Ira Kleiman case. Reportedly, Wright has gotten a hold of the private keys that will potentially give him access to the secret bitcoin stash he’s been insisting exists for so long. He’s now ready to unlock those funds and hand over what he reportedly owes.Will Craig Wright Hand His Money Over?Lawyers for Craig Wright have told the United States District Court of the southern district of Florida that their client has obtained the keys from a...

Anyone can issue his own money – this should be the main notion in FinTech of the 21st century.According to the statistics, the daily volume of international payments equals almost 10 trillion dollars, with 5 trillion handled by the SWIFT international payment system. It was designed back in 1972, yet many banks still use the outdated, 40-years old software. Cross-border bank accounts are holding $27 trillion in cash.Let’s consider the volume of international payments stated above. If the...

The Winklevoss Twins are warning Wall Street executives that the time to stock up on bitcoin is now.The Winklevoss Twins to Wall Street: Get It Together!The founders of the Gemini Exchange in New York – one of the first cryptocurrency trading platforms to garner a BitLicense – are telling Wall Street players that they need to stop putting so much emphasis on gold, as bitcoin is likely to “trump” gold in the coming future.Tyler explains:If you have gold, start building up bitcoin reserves. We...

As we all know by now, the bitcoin halving is scheduled to arrive this coming May, and many analysts are arguing that the event will likely cause the currency to jump in price.The Halving Is On Its WayOne analyst on Twitter – simply going by the name “Crypto Bull” alleges that the currency could spike as high as $33,000 in July thanks to the halving. In a recent social media post, Crypto Bull explains:Bitcoin ROI from first halving to second halving: 5,333 percent. We are currently up 1,338...

There is great fear traveling through the crypto space… Fear that somewhere down the line, bank-issued cryptocurrencies will somehow replace bitcoin and its altcoin counterparts.Will Bitcoin Be Replaced?But is that fear valid? We need to look at a few facts before we can make an official decision. For one thing, these cryptocurrencies issued by financial institutions will be centralized, meaning the banks will be in control of who receives the crypto units and what they can be used for. This...

It looks like Visa is on an investing spree. One of the world’s leading payment processors is heavily investing in fintech companies, which could indicate, that Visa is on the verge of some kind of change. Or that they simply want to support the expansion of fintech. Just recently Visa invested around $5.3 million in a fintech company Plaid. Now it’s turn for VGS.While the investment in Plaid was revealed, this investment in VGS (Very Good Security) currently is undisclosed.However, this is...

It looks like financial advisors are trying to get their clients to think more about cryptocurrencies.Financial Advisors Are Starting to Open UpUp to this point, digital assets have been relatively scary when looked at by such advisors. Many have sought to get their clients to focus more on precious metals, stocks and bonds, which are less volatile and have stronger histories in the financial space.Crypto is vulnerable to heavy price swings and cyberattacks, leaving many to question whether...

Another bitcoin price prediction is in the books. This time, the prediction comes from a popular crypto analyst who goes by the name of Galaxy BTC on Twitter, and he’s saying that BTC could spike by 1,000 percent in the coming months granted a few things happen.Galaxy BTC Says $100,000 Is on Its WayFor bitcoin to experience such a surge, the currency would need to break past a trendline on a logarithmic chart. Once this occurs, the world’s number one digital currency by market cap could go...

Oh, President Maduro… You just can’t seem to take a hint. Why do you continue to push a currency that has yet to serve any serious purpose?Maduro To Force Planes to Use the PetroIn his latest chant of “the Petro is da bomb,” Venezuelan President Nicolas Maduro is going out on a limb and claiming that all Venezuelan airlines flying from the nation’s capital of Caracas must purchase their fuel using Petro funds.In a speech to the ruling Constituent Assembly, Maduro announced the following:I...