On November 16, 2018, the U.S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets. The SEC’s Statement on Digital Asset Securities Issuance and Trading pronounces that three categories of financial services that utilize blockchain...
Investment management firm VanEck subsidiary MV Index Solutions has launched its own Bitcoin (BTC) index based on three major over-the-counter (OTC) desks, according to a press release published Nov. 20. MV Index Solutions is a firm that develops, monitors and licenses the MVIS Indices, which cover several asset classes, including...
Despite the present market crash, major Wall Street crypto bull Tom Lee has reiterated his recently reduced year-end price prediction for Bitcoin (BTC) at $15,000 in an interview with CNBC’s Squawk Box on Tuesday, Nov. 20. In the recent statement, the head of research at Fundstrat Global Advisors pointed out...
Bitcoin (BTC) use for commercial payments has reduced significantly this year, according to a study by Chainalysis cited by Reuters Nov. 20. To prepare the study, Chainalysis reportedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors reportedly dropped by almost 80 percent from the...
When the towers in New York fell, I became obsessed with economics. I wanted to follow the money to understand what happened on that dreadful day. During that time of inquiry, I found myself very interested in Austrian economic theory. Soon enough, I realized that the reserve banking system...
Peru’s central bank has reacted to the recent crypto markets collapse by warning about the high volatility of digital currencies on its Twitter Friday, Nov. 16. In its recent post, the Peruvian central bank included Bloomberg graphics on Bitcoin’s (BTC) price from December 2017 to mid-November 2018. The picture is...
The U.K.’s finance regulator, the Financial Conduct Authority (FCA), may ban cryptocurrency derivatives such as futures as part of its “most comprehensive response” to the industry, financial trading news outlet Finance Magnates reported Nov. 20. In a speech at a London conference Tuesday, FCA executive director of strategy and competition...
Kobe Bryant, twice Olympic gold medalist and NBA superstar, will appear as a guest speaker at the NiTRON Summit 2019 in San Francisco, decentralized Internet project TRON (TRX) shared exclusively with Cointelegraph Nov. 20. Basketball champion Kobe Bryant has been invited to the conference as a special guest to “share...
What is the best way to buy crypto? A lot of this depends on which cryptocurrency you’re buying, how much you want, and where you are based. As long as you are in a country which hasn’t banned purchasing digital currencies (attitudes vary around the world,) you’ll probably be able to...
The lawyer representing the alleged former operator of now-defunct crypto exchange BTC-e, Alexander Vinnik, has accused the Greek Supreme Court of “grossly violating” his rights, major Russian state-owned news agency TASS reported Nov. 19. 39-year old Russian national Vinnik, a.k.a “Mr. Bitcoin,” was indicted by U.S. authorities and detained in...