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Central bankers claim bitcoin could break the internet — the crypto world thinks they’re missing the point
The Bank of International Settlements on Sunday said bitcoin is "a poor substitute for the solid institutional backing of money." Critics in the crypto world say the report missing the point — bitcoin and other cryptocurrencies are still in development and shouldn't be judged yet.
Square is already turning an impressive profit from its support of bitcoin in its Cash app. It's now the ninth company to receive an official "bitlicense" from New York's department of financial services.
The Fundstrat cofounder Tom Lee said in his report that there was "significant volatility" in bitcoin's price around the expiration date of CME Group and Cboe futures contracts.
Top investors gambled $12 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting.
Andreessen Horowitz and Union Square Ventures gave CryptoKitties, a blockchain game for digital collectibles, $12 million in March. But hardly anyone is buying or selling them anymore.
The crypto boom is like the dotcom bubble but that’s not a bad thing: ‘Selling crypto now is like selling Apple in 2001’
Yoni Assia, the CEO of eToro, told BI this week: "95% are going to end as nothing because that’s startup funding." Many others in the industry agree. But those that do survive have the potential to be huge, he believes.
William Shatner once called bitcoin a ‘snob currency’ — now he’s pushing bitcoin miners to use solar power
Actor William Shatner of Star Trek fame wants bitcoin miners use solar. He's now the spokesman for Solar Alliance, a Canadian company that plans to outfit a new warehouse with a solar array and rent space to bitcoin miners.
"People are wondering, 'What the f--k is this?" said Matt Liston, founder of the blockchain-based religion "0xΩ."
Steve Bannon, President Donald Trump's former chief strategist, invested in bitcoin and is considering a slew of cryptocurrency ventures including a possible ICO for a "deplorable coin."
Everything you need to know about Tether, the cryptocurrency academics claim was used to manipulate bitcoin
Tether is in the frame again after a paper from the University of Texas at Austin claiming it was used to manipulate the price of bitcoin.
Academics at the University of Texas on Wednesday published a paper concluding that the US-pegged cryptocurrency Tether had influenced the price of bitcoin.