Reddit Co-Founder Bullish Despite Bitcoin Volatility

Reddit Co-founder Alexis Ohanian has revealed his optimism about the future success of bitcoin despite the daily slump in price in an interview with Yahoo Finance. He believes bitcoin has the potential to be used as a store of value especially in countries where fiat currencies are being devalued. Ohanian is no stranger to the …

Indian Authorities Nab High-Profile Bitcoin Scammers

As India still remains uncertain regarding its regulatory framework for digital currency operations, a number of high-profile fraud cases involving Bitcoin have come to light. Police authorities from the Indian State of Chandigarh recently arrested Amit Bharadwaj for his role in a multicrore Bitcoin scam, reports local publication The Indian Express.  According to the Chandigarh police, three investors …

Crypto Week In Review: Regulatory Worries Galore, Market Hesitantly Heads Upwards

The crypto market made a cautious move upwards this week, even as regulators sought ways to correctly address this nascent, yet controversial industry. SEC Denies 9 Bitcoin ETF Applications… Or Did They? On Wednesday afternoon, the hearts of all crypto investors stopped, as the U.S. Securities and Exchange Commision announced that it would be denying …

A Look at Crypto’s Unsavory Conspiracy Culture

For as long as the modern economic system has existed, there have been conspiracy theories about controlling families who pull the strings of finance from behind the curtain. While vigilance is a virtue when it comes to centralization and control, narratives of control often latch on to racist and anti-religious sentiments. In an August 21st Slate …

Not a Done Deal: U.S. SEC “Will Review” Most Recent ETF Decisions

The United States Securities and Exchange Commission will reevaluate its recent round of bitcoin ETF rejections. This Wednesday, August 22, 2018, the SEC denied 9 ETF proposals from ProShares, GraniteShares and Direxion in three separate orders. But consistent with a rule that allows the SEC’s Chairman and Commissioners to review decisions delegated to its staff, …

Bitmain Monopoly is Showing Cracks, According to Analysts

The top cryptocurrency mining company might be losing its edge as demand for its products is under pressure and competition grows stronger, according to analysts. “The Competitiveness of Bitmain’s Chips is in Question” A recent report of analysts led by Mark Li at Bernstein holds that the Beijing-based mining company, which was co-founded by the …

EOS, Litecoin, IOTA, Stellar Lumens, Tron Technical Analysis

Days after the Chinese CCID said EOS top the charts on matters technology, applicability and innovation, the Chinese government went ahead and outlawed cryptocurrencies and related business. This caught the market off guard and though there are no wild price swings, we might see lower lows today as investors try to digest on how this …

Top Crypto Exchanges Join Winklevosses’ Self-Regulatory Organization

Some of the crypto industry’s biggest exchanges are joining with the Winklevosses in an effort to bring self-regulation to a market that many perceive to be fly-by-night and unstructured. Five months following its creation, the Virtual Commodity Association (VCA) has onboarded Bittrex, bitFlyer USA and Bitstamp, a site update reveals. A press release detailing the …