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Blockchain
May 3, 2022
Crypto Investment Is Gambling Cybersecurity Expert Says
Investing in cryptocurrency has been all the rage, especially after the endorsement by Visa, PayPal, and Tesla of popular digital assets such as dogecoin, bitcoin, and ethereum. Yet, to cybersecurity expert Bob Seeman investing in crypto is no better than gambling. He described any investment moves in the space not as making down a prescient […]
Sports
July 15, 2021
Saquon Barkley Turns to Bitcoin to Create Generational Wealth
Bitcoin has proven a tempting asset for young NFL star Saquon Barkley, who is keen on creating cross-generational wealth. Barkley Puts His Faith in Bitcoin for Future Riches The National Football League (NFL) has caught a bit of a Bitcoin fever. After star quarterback Tom Brady announced that he is getting serious on cryptocurrency by […]
Legal
June 29, 2021
Bitcoin Copyright Infringement Claim Ends with Default Judgement in the UK
Bitcoin creator and Ontier LLP client, Dr. Craig Wright, wins a lawsuit in the High Court in the UK over copyright infringement of the academic white paper “Bitcoin: A Peer-to-Peer Electronic Cash System.” Court Actions Regarding Infringement of an Academic White Paper Dr. Craig Wright, Ontier LLP client and Bitcoin creator, is the person behind […]
Blockchain
June 23, 2021
Iran Raids 50 Locations, Seizes 7,000 Bitcoin Mining Rigs
Following an order by Iranian President Hassan Rouhani to temporarily suspend Bitcoin mining in the country, police have stepped in to get offenders in line. Illegal Bitcoin Miners Raided in Police Operation Iran seemed to be giving crypto miners a warm welcome that, in fact, turned out to be the cold shoulder. The country’s electricity crisis […]
Blockchain
June 18, 2021
Sichuan Government Kicks Out Bitcoin Miners
A total of 26 mining farms will shut down by the end of June resulting from an order issued by the municipal government of Ya’an in the Chinese province of Sichuan. China’s Crypto Mining Exodus is Underway Bitcoin mining operators should leave Sichuan, China, by June 25, according to local news outlet PANews, which cited […]
Business
June 18, 2021
Goldman Sachs: “We Do Not Recommend Cryptocurrencies as Asset Class”
Skepticism reigns supreme towards crypto in Goldman Sachs midst after a new report suggested that cryptocurrencies are speculative and not an asset class. Goldman Sachs Cautions Investors about Crypto If Goldman Sachs treats Bitcoin as flower petals in the classic game of chance “He Loves Me, He Loves Me Not,” the investment bank will soon […]
Blockchain
June 14, 2021
Taproot Bitcoin Network Upgrade Gets Close to 100% Approval
The Taproot upgrade is all locked in after the community voted their near-unanimous approval of the next big step forward for Bitcoin. Bitcoin to Finally Get Its Taproot Upgrade Recent developments have not been great if you are a Bitcoin miner, but overall, the ecosystem has never been better. The long-coveted Taproot update may finally be happening as […]
Blockchain
May 18, 2021
Peter Schiff: “Buying Bitcoin Is Gambling, Not Investing”
Buying Bitcoin is gambling and not investing, argues Euro Pacific Capital chief executive Peter Schiff as Tesla is withdrawing from Bitcoin to seek greener alternatives. Is Bitcoin Gambling? Peter Schiff Thinks So A currency that is easily influenced by a single tweet cannot be an investment or real money, argues Euro Pacific Capital CEO Peter Schiff, […]
Blockchain
May 7, 2021
Goldman Sachs Launches NDFs with Bitcoin as Underlying Asset
US investment bank Goldman Sachs Group launched Bitcoin-tied derivatives trading to exploit profit opportunities from the $1 trillion Bitcoin market by allowing institutional investors to place big bets, Bloomberg reports. Cash-Settled NDFs The launch of trading with non-deliverable forwards (NDFs) followed the setting up of a trading desk by Goldman Sachs this year to help […]
Blockchain
May 6, 2021
JPMorgan CEO Jamie Dimon: “Clients Care about Bitcoin – I Do Not”
As the adoption of cryptocurrencies continues at full speed, JPMorgan CEO Jamie Dimon remains faithful to his original argument – he has no interest in crypto. JPMorgan Chief Executive Still Doesn’t Care about Crypto JPMorgan CEO Jamie Dimon once authored a Bitcoin obituary, the practice of mainstream financiers to dub the currency fraud and a […]