Author Archives: creative

Harvard Economics Professor: Governments Will Not Allow Bitcoin on a Big Scale and They Will Win

Harvard Professor of Economics and former Chief Economist at the International Monetary Fund (IMF) Kenneth Rogoff believes that governments will not allow bitcoin to flourish on a large scale. “The regulation will come in. The government will win,” he said. The professor also discussed the likelihood of a bitcoin bubble. Harvard Professor Warns of Strict Crypto Regulation Harvard University Professor Kenneth Rogoff shared some thoughts about bitcoin regulation during an interview on Bloomberg Surveillance last week. Rogoff is the Thomas D. Cabot Professor of Public Policy and […]

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Breach at Indian exchange BuyUCoin allegedly exposes 325K users’ personal data

BuyUCoin initially denied the reports of a data breach, but added that all user funds are safe. Users of Indian crypto exchange BuyUCoin have reportedly been affected by a breach compromising personal data of more than 325,000 people. According to a report from Indian news outlet Inc42, a hacking group by the name of ShinyHunters leaked a database containing the names, phone numbers, email addresses, tax identification numbers and bank account details of more than 325,000 BuyUCoin users. However, a later report from Bleeping Computer shows the […]

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Ethereum will become the main asset for investors in 2021

The potential of Ether greatly exceeds Bitcoin, and the community is beginning to understand the value of ETH. During the second half of 2020, we saw a growing interest in cryptocurrencies from institutional investors and big capital. However, all the attention of the whales, as well as all the attention of the public, was fixed on Bitcoin (BTC). Today, we will look at why Ether (ETH) is a more attractive asset and why this cryptocurrency should become the “first cryptocurrency” for every investor. Let’s start with the […]

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Top 5 cryptocurrencies to watch this week: BTC, ETH, DOT, AAVE, SNX

Select altcoins are rallying to new all-time highs while Bitcoin remains pinned below $33,000. As Bitcoin price trade sideways, traders are keeping an eye out for new purchases from institutional investors in order to gauge whether BTC‘s correction is over. MicroStrategy’s recent purchase of 314 Bitcoin at an average price of $31,808 is a mild sentiment booster but it may not be enough to arrest the decline if buyers do not step in and sustain their purchases at higher levels. A recent timezone analysis by QCP Capital divided […]

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Crypto ETF Race Heats Up in 2021- Valkyrie Bitcoin Trust Files to List Shares on NYSE

2021 has been an explosive year for bitcoin as the crypto asset has touched new all-time price highs as cryptocurrencies have seen increased demand. Meanwhile, a number of crypto proponents expect the first exchange-traded fund (ETF) to be approved this year as a number of firms are racing to launch an ETF. On Friday, the Texas-based firm Valkyrie Digital Assets filed an ETF registration proposal called the Valkyrie Bitcoin Trust with hopes to list the fund on the New York Stock Exchange (NYSE). Crypto Proponents Expect a […]

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SEC vs. Kik Interactive: A status update on the Kin ecosystem and Kin tokens

A deep analysis of the actual final judgement in the U.S. Securities and Exchange Commission versus Kik Interactive case. Much has been written about the Sept. 30, 2020, decision by Judge Alvin Hellerstein of the Southern District of New York in the U.S. Securities and Exchange Commission vs. Kik Interactive.  In that order, the judge ruled in favor of the SEC’s motion for summary judgement, applying the Howey Test in the course of determining that Kik Interactive had violated the federal securities laws by selling contractual rights […]

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Anthony Scaramucci says holding Bitcoin as safe as owning bonds and gold

Scaramucci’s SkyBridge Capital introduced a new Bitcoin fund in early January. He says that improved infrastructure and regulation have made BTC investments “as safe as owning bonds and commodities like gold.” Anthony Scaramucci, the head of SkyBridge Capital and former White House communications director, believes Bitcoin’s (BTC) value proposition has strengthened significantly now that governments have addressed many of the risks associated with the digital asset.  In an opinion article published on CNN, Scaramucci and fellow SkyBridge executive Brett Messing argue that Bitcoin has become a viable […]

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No more pushes and pushbacks: Digital ID solves the privacy dilemma

The need for secure, privacy-centric, fraud-proof digital identities that allow us to demonstrate our credentials has never been greater. A year unlike any other, when much of life went online, created a compelling case for digital identity. Talk of “immunity passports,” privacy-protecting contact tracing apps and even a potential move to online voting systems all speak to the need for robust digital identities. In July 2020, the World Economic Forum published a briefing paper covering the risks and opportunities around “the internet of bodies.” From wearable technology […]

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The United States updates its crypto AML/CFT laws

The U.S. Anti-Money Laundering and Combating the Financing of Terrorism laws: Where will these updates lead the crypto space? Against great push back from the crypto industry and as the price of Bitcoin (BTC) reached new all-time highs several times during the last couple of months, the United States has updated its cryptocurrency Anti-Money Laundering/Combating the Financing of Terrorism laws. Related: COVID-19 pandemic spurs crypto law updates in J5 countries The Anti-Money Laundering Act of 2020 and the Corporate Transparency Act Last December, the Senate approved the […]

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Hat-trick hero: Empty stadiums get blockchain and soccer to play together

Soccer clubs are now resorting to blockchain and crypto for fan engagement, tokenization and even new signings, with the potential for many more use cases. In a first for professional soccer, Spanish team DUX Internacional de Madrid has used crypto to buy a new player. Ex-Real Madrid player David Barral is a new acquisition for the club facilitated by the cryptocurrency trading company Criptan. Although technically this is not the first recorded Bitcoin (BTC) transfer, amateur Turkish club Harunustaspor bought 22-year-old player Omer Faruk Kiroglu back in […]

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