This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down. Bitcoin Market Cap To $12 Trillion? This crypto market bull isn’t ready to give up on the flagship cryptocurrency yet. | Source: Shutterstock News 8BTC’s Lylian Teng reports: “Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would Read more …

QuadrigaCX Imbroglio Continues: Cotten Mentioned Bitcoin Key Loss In 2014

Since NewsBTC’s last updates on the QuadrigaCX situation, little knowledge has been garnered about the current whereabouts or legitimacy of the exchange’s supposed Bitcoin, Ethereum, Litecoin, and other digital asset holdings. But, this hasn’t stopped astute industry participants from scouring the web for clues, as victims continue to clamor for their hard-earned funds. Bitcoin Private Key Dangers In what can only be described as a jaw-dropping find. Doug Alexander, a Bloomberg journalist focused on Canadian markets, recently claimed that Gerry Cotten Read more …

TomoChain Founder Hits Back at Vitalik – Says Ethereum in for a Tough Year

Ethereum founder Vitalik Buterin is well-known for dismissing blockchain projects that claim high transaction speeds as “centralized” and unworthy. Long Vuong, founder of TomoChain (TOMO) has fired back with some criticism of his own. TomoChain Offers 1,000TPS Compared to Ethereum’s Double Digits The TomoChain network aims at being a public EVM-compatible blockchain with faster and cheaper transaction fees, among other features and promises. Except it isn’t all just hot air. Their network already boasts transaction speeds of 1,000TPS–compared to Ethereum’s Read more …

This Wall Street Analyst Forecast Tesla’s Dominance. Here’s What He Says Will Shake up the Auto Industry Next.

Adam Jones, Global Auto Analyst at Morgan Stanley, warned that the production of an electric vehicle by either Tesla or Rivian could be bad news for traditional car makers in Detroit. Why? This wildly profitable segment of the vehicle industry is one that auto companies don’t mess around with. Amazon Plunks Down Major Cash to Invest in Tesla Competitor Rivian As CCN reported, Amazon led a $700 million funding round in Tesla rival Rivian Automotive LLC. According to the reports, Read more …

Bitcoin Is Still 50 Percent Undervalued

This interview has been edited and condensed. The author of the “The Bitcoin Big Bang — How Alternative Currencies Are About to Change the World,” Brian Kelly calls himself an optimist when it comes to the future of the cryptocurrencies. CNBC’s prominent commentator, who is also the founder and CEO of digital currency investment firm BKCM LLC, analyzes markets on an everyday basis and tends to be 50 percent right “trading-wise.” We met with Brian Kelly at the Crypto Finance Read more …

Why the SEC’s ‘ICO Guide’ Paints a Dark Picture for Cryptocurrency in 2019

This week, the Securities and Exchange Commission tweeted out its guidelines for those launching and investing in ICOs, although many would say that over a year on from the peak of the cryptocurrency boom, the guidelines amount to too little, too late. That said, the document still throws up several points of contention, including a rather gloomy outlook for cryptocurrency exchanges – even decentralized ones – and at least one possible violation of the First Amendment on the part of Read more …

How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’

On Jan. 10, 2019, the team behind a national cryptocurrency for the Republic of the Marshall Islands (RMI) — dubbed the Sovereign (SOV) — revealed that the coin is still being actively developed, despite previous disagreements among government officials, as well as reservations expressed by the International Monetary Fund (IMF) and the United States Treasury Department on the subject. The idea behind the SOV project lies in the RMI government’s pursuance of “manifesting our [the RMI’s] national liberty,” as well Read more …

CME’s Duffy: Crypto Needs to Brown-Nose Governments to Succeed

Over the past year, crypto has struggled from a price standpoint. Thus, many investors that are looking to “HODL” have sought the light at the end of the tunnel that is institutional participation. But, one Wall Streeter, who has expressed some semblance of support for Bitcoin, recently claimed that this facet of the ecosystem just isn’t there yet. CME CEO “Not Sure” Bitcoin Bottom Since Bitcoin fell off the public’s radar in mid-2018, most incumbents of the legacy world have Read more …

Drug Dealer Fights to Prevent Canadian Police From Forfeiting his BTC

A Canadian online drug dealer, snared by an undercover police agent on the dark web, is pleading to be allowed to keep half of the 288 bitcoins that police seized from him as proceeds of crime. With prosecutors seeking a court order to forfeit the crypto stash, worth CAD$1.4 million (US$1.1 million), the 30 year-old dealer argues that not all of his bitcoin was used for criminal purposes. Also read: High Cost Slows Down Bitcoin ATM Growth in Africa  Case Shows Read more …

Someone Please Let Jamie Dimon Know That His New Cryptocurrency is a Fraud

JP Morgan Chase and Co. announced Thursday it would be the first major institutional bank to release its own cryptocurrency. Its new JPM Coin is an almost shockingly impotent reaction to Bitcoin and other cryptocurrencies by the United States’ largest bank. Jamie Dimon Gets a New Toy Newsflash: Bitcoin Basher Jamie Dimon & JP Morgan Just Launched Their Own Cryptocurrency https://t.co/VciDixDldH — CCN.com (@CryptoCoinsNews) February 14, 2019 JP Morgan says you can now give them a dollar, and they’ll give Read more …

Visa, Mastercard Plan To Increase Transaction Fees; Cryptocurrencies Don’t

Visa and Mastercard are planning to increase transaction fees for US merchants who accept card payments, Reuters reports. The hikes, which come into effect in April 2019, are likely to further damage already the fragile relationship between payment providers and merchants. Fees-Us Christ According to sources, the increases will firstly affect interchange fees, which merchants pay their banks when accepting a card transaction. Fees that the banks pay to Visa and Mastercard for processing payments will also increase, says the report. A spokesperson for Visa confirmed Read more …

Uber Drags New York City into Court over Draconian Cap on Ride-Hail Drivers

Uber is suing New York, seeking to overturn the city’s year-long cap on new licenses for ride-hailing vehicles. The company said it’s suing the city because it’s worried that the temporary restriction could become a permanent draconian measure. 12-Month Cap Was Imposed To Curb Congestion In its February 15 lawsuit filed in New York Supreme Court, Uber claims the city is punishing it with a “ban first, study later” approach that’s anti-competitive and hurts customers who live outside of Manhattan. Read more …