Tag Archives: Blockchain

SEC says bitcoin and ether aren’t securities

Clarity is good.Image: ULRICH BAUMGARTEN/GETTY The world of cryptocurrency just got some much needed good news.  With the prices of bitcoin and ether on a steady downward trend, the Securities and Exchange Commission today provided hodlers with a flash of hope: Neither of the cryptocurrencies are considered securities.  SEE ALSO: The only good thing to come out of Bitcoin is this stock art cat So reports CNBC, which notes that the SEC’s head of the Division of Corporate Finance, William Hinman, delivered the news at the San […]

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What Could Kill the Bitcoin Boom

If you bought a Bitcoin in early 2017, when one cost less than $900, you could have a profit of more than 1,200 percent now. But you almost certainly didn’t do that. Perhaps you dipped in a toe in November or December, as the price hit headline-grabbing records—$10,000, then $15,000, then higher. If you were very unlucky and bought at the peak of about $20,000 on Dec. 17, you’d have lost more than 40 percent of your money as of Jan. 16, when the price was $11,200. […]

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How Craig Wright Privately ‘Proved’ He Created Bitcoin

When rumors surfaced early last month that Australian cryptographer Craig Wright would attempt to prove that he created Bitcoin, Gavin Andresen remained skeptical. As the chief scientist of the Bitcoin Foundation, his opinion counts: Andresen is among the earliest programmers for the cryptocurrency, and likely the one who has corresponded more than anyone with Satoshi Nakamoto, Bitcoin’s pseudonymous, long-lost inventor. Today,Andresen fully believes that Wright is Nakamoto. Now he’ll have to convince the rest of the world, because he’s among the only people to have seen what […]

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How to Make Money Off Bitcoin Without Actually Owning It

It’s the equity investor’s conundrum: how to get access to the skyrocketing returns of bitcoin and blockchain without actually owning the tokens. To Thomas Lee, a major bitcoin bull who heads research for Fundstrat Global Advisors, a dozen stocks should do the trick. “We believe investors should have exposure to blockchain, particularly given bitcoin has essentially zero correlation to equities, bonds and commodities —- hence, as a portfolio strategy, bitcoin is a good diversification tool,” Lee wrote in a note to clients Friday. “But this is impractical […]

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The Future of Bitcoin Is Not as a Digital Currency

Circle unveiled itself at a bitcoin conference in 2014, vowing to take the digital currency mainstream. But like so many other startups that embraced this big idea at around the same time, its mission has changed. In January, I met Circle CEO Jeremy Allaire for coffee in San Francisco. Even then, he was careful to paint his company not as a bitcoin operation but as an outfit that would help people easily trade good old-fashioned dollars with friends and family via a new smartphone app. And now, […]

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The promise of managing identity on the blockchain

Blockchain, the secure distributed ledger technology first created to track bitcoin ownership, has taken on a number of new roles in recent years tracking anything of value from diamonds to real estate deeds to contracts. The blockchain offers the promise of a trusted record that can reduce fraud. Some industry experts say that over the coming years, it could be used to control identity information in a more secure fashion. As we have seen, just last week with the massive Equifax hack, our personal information is highly […]

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With Ethereum wallets under constant attack, Jibrel Network decided to build their own

Since blockchain technologies appeared people have been trying to figure out how to put traditional assets like currencies, bonds and other financial instruments onto it in a way which has regulatory compliance and is secure. If you could do that you could sell securities in a legitimate way, thus disrupting large swathes of the asset management industry. In case you didn’t happen to know, the asset management industry is worth around $69 trillion or more, globally. But you have to hold these assets in wallets. And it’s […]

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Blockchain is empowering the future of insurance

Kevin Wang Crunch Network Contributor Kevin Wang is with Plug and Play Insurance, the insurtech vertical at Plug and Play Tech Center, one the largest global technology innovation platforms. Plug and Play insurance is a leading insurance innovation platform that has recently launched in partnership with Munich Re, USAA, State Farm, SOMPO Digital Lab, Farmers, Nationwide, Deloitte, Travelers, Aviva, AIG and many more global Insurance institutions. Kevin studied finance at Case Western Reserve University. He is a serial entrepreneur with a background in manufacturing and distribution, as […]

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The Winklevoss twins are still trying to bring Bitcoin to the mainstream

Tyler Winklevoss and Cameron Winklevoss attend the 9th annual Veuve Clicquot Polo Classic at Liberty State Park.Image: Lev Radin/Pacific Press/LightRocket via Getty Images Gemini Trust Co., the U.S.-based digital-currency exchange founded by entrepreneurs Cameron and Tyler Winklevoss, is introducing a daily bitcoin auction to facilitate price discovery and larger trades at lower costs. The auctions, to be held at 4 p.m. New York time every day including holidays and weekends, at first will support just bitcoin-to-U.S. dollar trading, and will eventually expand to more currencies. Auction trades […]

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Bitcoin Crashes and Then Surges in Wild Weekend Action

Bitcoin is proving that investing in digital currencies isn’t for the faint of heart. After plunging as much as 29 percent from a record high following the cancellation of a technology upgrade on Nov. 8, the largest cryptocurrency came roaring back in early trading Monday before fluctuating between gains and losses. “Crypto trading is not for the novice investor,” said John Spallanzani, chief macro strategist at GFI Securities LLC in New York. While multiple reasons are being cited for the price volatility, one of the more viable is […]

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