Kim Dotcom Says Escalating Trade Wars Will Drive Crypto Growth
Kim Dotcom says the growing international trade wars initiated by the United States will lead to growth in the cryptocurrency markets, and that people should get out of stocks and buy crypto. Economic analysis indicates there is truth to his statement. As the trade wars begin and retaliation after retaliation will lead to markets crashing […]
Mt Gox Commences Civil Rehabilitation, Won’t Liquidate Anymore Bitcoin
According to a statement issued by the trustee in Mt. Gox’s bankruptcy case, criminal bankruptcy proceedings have temporarily been paused and civil rehabilitation will commence. Customers will eventually be repaid some of the bitcoins they lost, and bitcoins that are still being held by Mt. Gox won’t be liquidated any further. The collapse of Mt. […]
Texas Licence Saves Dollars Buying Electricity On the Ethereum Blockchain
Electricity in Texas is about to get cheaper thanks to Public Utilities Commission of Texas’ (PUCT) approval of a REP license to company Grid+, writes Bitrates. The Grid + token, once issued will reportedly reduce electricity costs to the customer using the Ethereum blockchain, meaning consumers will now be able to access wholesale energy markets. […]
Republican Congressman Emmer Praises SEC’s ”Encouraging” Ether Stance
Republican Congressman Tom Emmer has commended the US Securities and Exchange Commission’s (SEC) clarification that Ether is not a security. Sales and offers of the native Ethereum cryptocurrency were defined by the SEC’s director of corporation finance William Hinman last week as not meeting the requirements to be classified as security transactions. Avoiding over-regulation Coin Desk discussed the SEC’s decision […]
Bahamas Launching State-Backed Cryptocurrency
The Deputy Prime Minister and Minister of Finance of the Bahamas, Kevin Peter Turnquest, announced at the Bahamas Blockchain and Cryptocurrency Conference that the government would be launching a state-backed cryptocurrency. This will be one of the first state-backed cryptocurrencies ever created. Deputy Prime Minister Turnquest said, “The production of a modern fully digital payment […]
Bitcoin is Beating Credit Cards Hands Down in Jewelry, Real Estate, Fine Art
Californian retailer Stephen Silver Fine Jewelry claims that Bitcoin now represents 20% of its jewelry sales, overtaking credit card. CEO Stephen Silver commented that he integrated Bitcoin as a payments alternative back in 2014 as it was beginning to show signs of popularity, and now claims that it is luxury goods that the cryptocurrency is well […]
