Monthly Archives: January 2019

How Institutional Investors Are Changing the Cryptocurrency Market

Institutional investors trading cryptocurrency gained ground in 2018, with a number of high profile players edging in and taking a seat at the table. Increased interest from larger investors may have played a part in supporting digital assets as well as distorting the market.  Also Read: KPMG: Institutional Investment Key to Cryptoassets Growth Will Crypto Markets Turn Bullish Again in 2019? Last year, reports emerged that George Soros and the Rockefeller family were beginning to take positions in the emergent crypto asset class, according to Bloomberg. The family’s $26 […]

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Fred Wilson: Crypto No Safe Haven in 2019, Investors More Wary of Startup Sector

Venture capital investor Fred Wilson has suggested that crypto will not be a safe haven, although “there will be signs of life in crypto land in 2019.” Venture capital investor Fred Wilson suggested that cryptocurrency will not be a safe haven in 2019 amid a “weakening” economy, according to a blog post published Jan. 1. Wilson is an American venture capitalist and businessman, who has reportedly backed such companies as Twitter, Tumblr, Zynga, and Etsy. He is also a cofounder of New York-based venture capital firm Union […]

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Crypto ‘Largely Usable Only by Developers’ Wall Street Journal Says

Cryptocurrency is currently “largely usable only by developers” according to the Wall Street Journal. “Few tangible uses for Bitcoin (BTC) and its underlying blockchain technology have emerged,” according to a Wall Street Journal (WSJ) article published Jan. 1. According to WSJ, in 2017 actual crypto development “took a back seat to getting rich.” The article also states that “at the beginning of 2018, the question was whether Bitcoin could live up to the hype of 2017’s manic rally,” and at the end of 2018 the answer was […]

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India: Media Reports Central Bank Has Postponed ‘Crypto-Rupee’ Plans

A source reported that the Indian central bank thinks it is too early to develop or implement a central bank digital currency. The Reserve Bank of India (RBI) is pausing its plans to release a digital currency, Indian business news outlet the Hindu Business Line reported on Jan. 1. India’s central bank had originally announced its intentions to consider a central bank digital currency (CBDC) in April of this year, at the time noting the establishment of an interdepartmental group to look into potential advantages and feasibility. […]

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Abkhazia Temporarily Shuts Down 15 Mining Farms

Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility. Also read: Two Mining Companies Among Georgia’s Major Electricity Consumers 8,950 kWt of Mining Hardware Unplugged Chernomorenergo, the state-owned company responsible for the electricity distribution in the breakaway republic, said it disconnected all mining farms it managed to locate. The utility announced on its Facebook page […]

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Bitcoin Falls Under $3,800 as Top Cryptocurrencies Remain Mostly in Red

Most of the top 20 cryptocurrencies are reporting discreet to moderate losses, with Bitcoin worth less than $3,800 again. Tuesday, Jan. 1 — most of the top 20 cryptocurrencies are seeing discreet to moderate losses, while a handful report gains. Bitcoin’s (BTC) price is under $3,800 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down over one and a half percent on the day, trading at around $3,740. Looking at its weekly chart, the current price is slightly lower than $3,814, the […]

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Markets Update: Crypto Traders Enter the New Year With Uncertainty

On the first day of 2019, cryptocurrency prices have been steadily moving sideways in a consolidated pattern after taking some slight losses on New Year’s Eve. At the moment, the entire digital asset economy is worth about $126 billion and global trade volume has been thinning out over the last 48 hours. Also Read: Embracing Utility in 2019: Unreliable Crypto Networks Will Lose to Hyperbitcoinization 2019’s Top Crypto Market Valuations 2018 is over and many cryptocurrency enthusiasts are hoping the bearish sentiment that lasted all year long […]

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Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 Million

Riot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.5 million to settle the charges. Also Read: The Daily: Best Selling Authors Introduce Bitcoin to Followers $5.5 Million Settlement The Securities and Exchange Commission (SEC) charged a group of 10 individuals and 10 associated entities back in September for fraudulent schemes that generated over $27 million from […]

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Seven New Year’s Resolutions for Bitcoiners

In the time-honored tradition of goal setting for the new year, Bitcoin Magazine has compiled a short list of seven possible New Year’s Resolutions for Bitcoiners as we head into 2019. Building a strong Bitcoin community begins with individual efforts, some small, others more ambitious and labor intensive. What might you do to contribute to the Bitcoin ecosystem this year? Teach five people about bitcoin and help them set up a wallet. Anyone can become a Bitcoin evangelist. Chances are that there are a number of people […]

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US Senator Reports to Jail Pending Verdict in Cryptocurrency Fraud Case

Prosecutors allege Senator Michael Williams lied about the disappearance of crypto mining equipment worth $300,000. A Georgia state senator has reported to jail over allegedly lying about the theft of cryptocurrency mining equipment worth $300,000, The Guardian reported Dec. 27. Republican Michael Williams, who originally reported the alleged theft in May, made a false police report and gave a false statement, court documents claim. Williams had said servers with a value of $300,000, which had been used to mine unnamed cryptocurrencies, had disappeared from his office premises, […]

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