‘Bitcoin? Hope and Hype’: Swiss Stock Exchange Isn’t Adding Crypto to Crypto Assets Exchange

Cryptocurrency trading will not be part of the features of Swiss stock exchange’s new digital asset platform. This decision is not due to the lack of capacity to implement such, but basically an issue of priority. “The capability is there to do it, but to be honest it’s not a priority. There are plenty of … Continued

The post ‘Bitcoin? Hope and Hype’: Swiss Stock Exchange Isn’t Adding Crypto to Crypto Assets Exchange appeared first on CCN

90% of Cryptocurrency Market Facing ‘Extinction-Level Event’: Xapo President

A reckoning coming to the cryptocurrency markets, an “extinction-level event” that’s poised to wipe out 90 percent of the more than 1,800 coins and tokens that aren’t named bitcoin. That’s the prognostication of Xapo President Ted Rogers, anyway, who said that the impending altcoin bloodbath will provide discerning investors with an incredible opportunity to load … Continued

The post 90% of Cryptocurrency Market Facing ‘Extinction-Level Event’: Xapo President appeared first on CCN

‘Bitcoin is Stupid’ Author Gets a Lesson in the Value of Being Your Own Bank

As anyone who has ever attempted to explain bitcoin to their parents can understand, one of the most challenging parts of convincing them of the utility of this technology is making the case that a person should be his or her own bank. Occasionally, though, an object lesson bites you in the, err, mustache. The

The post ‘Bitcoin is Stupid’ Author Gets a Lesson in the Value of Being Your Own Bank appeared first on CCN

‘Rich Dad, Poor Dad’ Author Is Bullish on Bitcoin, Says USD Is a Scam

Robert Kiyosaki, the author of the famous financial self-help book Rich Dad, Poor Dad, has described the US dollar as a scam, declaring that bitcoin and other cryptocurrencies are “currencies of the people” that will outlive fiat currency. ‘The Dollar is Toast’ Speaking with Kim Hughes on the Sane Crypto Podcast in which he excoriated the dollar,

The post ‘Rich Dad, Poor Dad’ Author Is Bullish on Bitcoin, Says USD Is a Scam appeared first on CCN

Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control

Controversial Internet pirate and bitcoin advocate Kim Dotcom is urging everyone to invest in gold and bitcoin because the U.S. government is adding $1 trillion to its debt every year, which will never be paid. The debt will destroy the U.S. and create a global economic collapse, Dotcom argued in a tweet. 1 TRILLION DOLLARS … Continued

The post Kim Dotcom: Invest in Bitcoin Before U.S. Debt Spirals Out of Control appeared first on CCN

Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief

Hyun Song Shin, Economic Adviser and Head of Research of the Switzerland-based Bank for International Settlements (BIS), told Bloomberg that bitcoin and other cryptocurrencies “fall a long way short of being able to sustain a monetary system” and really only “masquerade” as real currencies. Speaking in the latest episode of the Bloomberg Benchmark podcast, Shin argued … Continued

The post Bitcoin Only ‘Masquerades’ as a Currency: BIS Research Chief appeared first on CCN

Jamie Dimon Still a Member of the ‘Blockchain Not Bitcoin’ Brigade

Earlier this year, Elizabeth Stark, CEO of cryptocurrency development startup Lightning Labs, famously said that the industry had begun to enter a “bitcoin not blockchain” era as mainstream firms came to recognize the value of cryptocurrency technology. Not everyone, however, is ready to hop off the “blockchain not bitcoin” train. Speaking with the Harvard Business … Continued

The post Jamie Dimon Still a Member of the ‘Blockchain Not Bitcoin’ Brigade appeared first on CCN

We Expect Future Bitcoin Price Declines: Goldman Sachs

Investment banking giant Goldman Sachs may be launching a cryptocurrency trading desk, but that doesn’t mean that the firm is going to start making bullish bitcoin price calls. Goldman Sachs Makes Bearish Bitcoin Price Call Writing in the firm’s midyear economic outlook report, a team of Goldman investment strategists predicted that, despite having already shed … Continued

The post We Expect Future Bitcoin Price Declines: Goldman Sachs appeared first on CCN

Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner

The chief executive of the company that owns and operates the world’s largest stock exchange believes that bitcoin has the potential to be the world’s “first worldwide currency,” and he’s throwing his firm’s weight behind an ambitious plan to make that a reality. As CCN reported, Intercontinental Exchange (ICE) — owner of the New York

The post Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner appeared first on CCN

Bitcoin is Erasing 300 Years of Monetary Evolution: Nobel Economist Paul Krugman

American economist Paul Krugman has taken another swing bitcoin, arguing that the prominent cryptocurrency, as well as its peers, represents a 300-year economic regression and will “likely” experience a “total collapse.” Writing in his regular New York Times column, Krugman — who has at various times published articles lambasting bitcoin as “evil” and “the long

The post Bitcoin is Erasing 300 Years of Monetary Evolution: Nobel Economist Paul Krugman appeared first on CCN

Bitcoin Price Headed to $500,000 in Six Years: Hedge Fund Mgr.

The year is more than halfway over, but hedge fund manager Mark Yusko isn’t backing down from his prediction that the bitcoin price will reach a new all-time high in 2018, the first rumble of a moonshot that will see the flagship cryptocurrency crack the six-figure threshold in less than a decade. Writing on Twitter,

The post Bitcoin Price Headed to $500,000 in Six Years: Hedge Fund Mgr. appeared first on CCN

Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart

We appear to be in the season of predictions as various stakeholders in the bitcoin ecosystem are finding their voices again. The reason for this isn’t far from the recent bullish run of the bitcoin price that has seen it test the $8,500 mark before retracing and trading around the $8,200 mark as at the

The post Bitcoin Price Headed to New Highs: Crypto Hedge Fund Manager Spencer Bogart appeared first on CCN

Mastercard CEO Attacks Cryptocurrencies Again, Branding them ‘Junk’

The president and CEO of Mastercard, Ajay Banga, has used the J-word again. Speaking in New York, Banga termed cryptocurrencies ‘junk’ arguing that the factors that made them unqualified to be mediums of exchange included their anonymous nature and the wild fluctuations they experienced. “I think cryptocurrency is junk….The idea of an anonymized currency produced

The post Mastercard CEO Attacks Cryptocurrencies Again, Branding them ‘Junk’ appeared first on CCN

Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts Bitcoin

At the recent CNBC institutional investor Delivering Alpha Conference, Ken Griffin openly expressed his opinion against the digital assets. While Griffin’s words may be turning a few heads, this is not the first time the billionaire spoke ill of cryptocurrency. Griffin Has Always Been Very Clear in His Dislike of Bitcoin Back in December, when … Continued

The post Hedge Fund Billionaire & Citadel Founder Ken Griffin Blasts Bitcoin appeared first on CCN

Billionaire Investor Says No One Wants to Buy Bitcoin, Market Shows Otherwise

Ken Griffin, a billionaire hedge fund manager at Citadel, has said that not a single portfolio manager he knows is interested in the crypto market. At the Delivering Alpha Conference in New York, Griffin said: “I don’t have a single portfolio manager [of mine] who has told me we should buy crypto, not a single

The post Billionaire Investor Says No One Wants to Buy Bitcoin, Market Shows Otherwise appeared first on CCN

Bitcoin Rally Converts Staunch Bear, Sees Price Breaking Above US$8,000

Whether it is FOMO or a conscious judgment, bitcoin bears seem to be fastening their seatbelts for a ride to the moon too. According to Boris Schlossberg, the managing director of FX Strategy at BK Asset Management, the fact that bitcoin had broken above the US$7,000 level was a possible indication that there was still

The post Bitcoin Rally Converts Staunch Bear, Sees Price Breaking Above US$8,000 appeared first on CCN

Fmr. Trump Advisor Steve Bannon is Building a Utility Token for the Global Populist Movement

Former Trump advisor Steve Bannon may no longer have an office down the hall from the U.S. president, but he still thinks he can have a profound impact on the world — using cryptocurrency. Bannon, who served as White House Chief Strategist during the first year of Donald Trump’s presidential administration, provided a glimpse into … Continued

The post Fmr. Trump Advisor Steve Bannon is Building a Utility Token for the Global Populist Movement appeared first on CCN

Fmr. Trump Advisor Steve Bannon is Building a Utility Token Cryptocurrency

Former Trump advisor Steve Bannon may no longer have an office down the hall from the U.S. president, but he still thinks he can have a profound impact on the world — using cryptocurrency. Bannon, who served as White House Chief Strategist during the first year of Donald Trump’s presidential administration, provided a glimpse into … Continued

The post Fmr. Trump Advisor Steve Bannon is Building a Utility Token Cryptocurrency appeared first on CCN

Bitcoin Will Prove It Never Had Any Substance, Claims Billionaire Skeptic Howard Marks

Billionaire Howard Marks, the co-founder of Oaktree Capital Management, said bitcoin will eventually fizzle out and prove once and for all that it never had any substance. Marks, whose net worth tops $1.9 billion, made the scathing remarks at the 2018 Delivering Alpha conference in New York on July 18. The annual hedge fund summit is … Continued

The post Bitcoin Will Prove It Never Had Any Substance, Claims Billionaire Skeptic Howard Marks appeared first on CCN