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Fed Report: Bitcoin Futures Creation and Fall of Cryptocurrency Was No Coincidence

Last December’s introduction of Bitcoin futures, which gave investors an opportunity to bet against the value of the coin, played a large role in the late-2017 and early-2018 price decline, according to the U.S. Federal Reserve. Bitcoin’s Connection With Futures Markets In the economic letter from the Federal Reserve Bank of San Francisco, published today May 7, the authors conclude ...

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Blockshipping: The Future of Shipping Industry

The container-shipping sector is estimated to account for 60 percent of all global seaborne trade. However, this huge industry has faced numerous challenges over the years. For instance, issues of low freight rates, overcapacity, security issues, and growing environmental regulation. The Blockshipping Solution The Scandinavian company Blockshipping is creating the blockchain based Global Shared Container Platform (GSCP). This will be ...

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South Korea to Ease Cryptocurrency Trading Regulation, Highly Optimistic

The newly appointed Korean Financial Supervisory Service (FSS) Governor Yoon Suk-heun has stated that regulation should help the cryptocurrency market grow. He spoke during an address yesterday following the confirmation of his appointment by the nation’s president. Clear Regulation Will Be Good For Cryptocurrency in Korea Yoon believes that the market will stabilise following greater clarity in regulation. This stability ...

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Charlie Munger Says Bitcoin is “a Scum-Ball Activity,” Childish Insults

In an interview with CNBC Charlie Munger, Warren Buffet, and Bill Gates, three staunch anti-Bitcoiner’s, shocked no one by talking negatively about cryptocurrencies. Disappointingly, the news network neglected to invite anyone who might possibly offer rebuttal to the trio’s lambasting of Bitcoin. Are These Old Dogs Capable of Learning New Tricks Anyway? Vice President at Berkshire Hathaway, Charlie Munger, was ...

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Vietnam’s Biggest Bitcoin Exchange Has its Domain Seized by Government

Bitcoin Vietnam Co., Ltd., the oldest cryptocurrency exchange in the country, is having its domain name, bitcoin.vn, seized by the Vietnamese government. The Ministry of Information and Communications (MIC) has also decided to fine the company 40 million VND (approximately $1758) for illegal social networking and setting up an illegal site. Bitcoin Vietnam Has Domain Seized by Government Ho Chi ...

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Binance CEO Highlights Benefits and Drawbacks of ICOs

There are a lot of conflicting opinions when it comes to ICOs. Some see it as a positive trend, whereas others believe the industry is vastly overvalued. Changpeng Zhao, the CEO of Binance, is convinced this industry is absolutely necessary. The ICO Industry is Under Fire It has become evident as of recent that most regulators are not pro-ICO, with ...

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The Crypto Wire From New York To Las Vegas

  Watch the associated video through this link The brand-new work “It Used To Be Wired” was made for Consensus 2018. The essential idea was to capture the crypto crossroads New York is currently facing. It also honors the tradition of the avant-garde in art there. This mixed-media canvas print with oils on top is now the most valuable one-off ...

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Wall Street Analyst Nick Colas Preaches Caution to Bitcoin Investors

There is a lot of excitement regarding the Bitcoin price. Unsurprisingly, this also triggers a lot of warnings to remain cautious. DataTrek Research co-founder Nick Colas isn’t too convinced cryptocurrency is here to stay. Even though he is Wall Street’s first Bitcoin analyst, his outlook is rather grim. The Chicken and Egg Question One of the most heard questions is ...

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Fred Wilson Schools Warren Buffet on the Value of Bitcoin

Fred Wilson responded to Warren Buffett’s latest adolescent-style bard about Bitcoin being rat poison squared in a post on his AVC blog in which he explains the “production” value of crypto assets. Wilson Explains the Underlying Value of Bitcoin Fred Wilson, venture capitalist and co-founder of Union Square Capital which has investments in Tumblr, Twitter, Kickstarter, Foursquare and other web ...

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Verge Uses Porn to Angle for Spotify Partnership

Love it or hate it Verge is one of those cryptocurrencies that gets a reaction. Crypto groups on social media seem to spend most of their time bashing XVG but there is no denying that the altcoin has performed well over the past two months and the team is equally active online. Following its partnership with Pornhub, the Verge community ...

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