French Finance Minister Bruno Le Maire

Blockchain technologies and cryptocurrencies keep gaining followers in a new course of action that is notably refreshing for the markets.  One of the most notable “embracers” was the French Minister of Finance, Bruno Lemaire, who declared himself to be passionate about cryptocurrencies: Alex Stachtchenko, co-founder of Blockchain Partner, a startup focused on providing consulting services in the use and implementation of blockchain technologies, made the information public. One of the key points of this statement is that it seems to imply that the cause of his previous scepticism was a…

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Ali Baba & PayPal Reject Crypto as a Medium of Exchange

Big investors and business icons are rejecting cryptocurrency as a viable medium for exchange. The market has been struggling to become a “reliable currency” despite several countries legalizing digital currencies and crypto exchanges. Bearish remarks from trend makers have been negatively impacting the crypto market. Bitcoin price (BTC) plummeted to the $8,000 level while the entire cryptocurrency market capitalization dipped to $80 billion in the last two weeks. Jack Ma, executive chairman and founder of Alibaba (NYSE:BABA), has claimed; “Bitcoin is a bubble”. He says the company is not planning to…

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Cryptocurrency Market Volatility | Too Dangerous for Future Prospects

Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone. Bitcoin (BTC), for instance – which is the leader of the cryptocurrency market – has produced huge upside and downside volatility in the last five quarters. The BTC coin rose from $1,000 level at the beginning of fiscal 2017 to an all-time high…

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Crypto Debit Cards | Visa UK’s Former CEO Joins Crypterium to Develop Payment Method

Last week, on May 19, former Visa UK and Ireland CEO Marc O’Brien said in an interview with Business Insider that he had been named CEO of a cryptocurrency startup named Crypterium. O’Brien was the CEO of VISA UK from 2008 to 2014. During the interview, he said that the Crypterium team is working hard to promote the acceptance of cryptocurrencies like Bitcoin and Ethereum and make them legitimate payments. Tools that allow users to use them for daily product and service transactions, tools like crypto debit cards. “Currently, cryptocurrency is…

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Crypto Scams | Find Out Who Was the Lastest Victim

Crypto scams are a prominent problem within the crypto industry. Even though the problem has been addressed on many occasions, and many are fighting to solve it, that doesn’t mean that the general public can sit back and not do their part to stay vigilant.  By being duped by these scams, you run the risk of ending up like Australian consumers in 2017. What does that mean? Read on, you’ll soon understand.  Crypto Scams Hit Australia  Yesterday, Australia announced that its consumers lost over $2.1M to crypto scams last year.…

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Consensus 2018 | Tom Lee Explains Why BTC Price Failed to Rally

The NY Consensus 2018 has become the most important and expected event in the crypto ecosystem. The best projects, authorities, and influencers gathered together last week to share ideas and make announcements that could potentially revolutionize the industry. Many expected that during the week, Bitcoin price would rise as a result of increased market confidence. Such an approach would be logical, as, in previous years, cryptos followed this behavior. One of the first to talk about this pattern is Tom Lee, CEO of Fundstrat. In an interview for CNBC, he…

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Exec of $5.1 Trln Investment Firm Makes Tired Comparison of Crypto to Tulips

The global chief economist of a major investment firm has criticized cryptocurrencies in an op-ed on investment fund news site ETF.com published yesterday, May 21. Joe Davis, the global chief economist and global head of Vanguard Investment Strategy Group, stated that while blockchain technology shows promise, the rise of cryptocurrencies can be compared to the Netherlands’ 17th century “tulip mania,” a classic example of a bubble market. Davis, whose firm manages a reported $5.1 trillion in assets globally as of this January, began the piece by remarking on his enthusiasm…

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From the Internet to Crypto

Throughout history, the thoughts and perceptions of the masses have been shaped by leaders of politics, industry and entertainment. The greatest minds of our time have often predicted and touted some of the most prolific innovations. Lended the support of these voices, these very innovations have shaped the way the world works. Internet A prime example would be the Internet. The technology revolutionized communication in the 1990s and led to a surge in investments in Internet-based companies. What followed is now known as the dotcom bubble – a rapid rise in…

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U.S. CFTC Seeks to ‘Provide Regulatory Clarity’ for Listing Virtual Currency Derivatives

The U.S. Commodity Futures Trading Commission (CFTC) has issued an advisory statement for listing virtual currency derivative products, according to a CFTC press release published yesterday, May 21. The advisory statement is aimed at providing clarity for exchanges and clearing houses. The staff advisory, which was jointly issued by the CFTC’s Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR), focuses on the specific areas involved in listing virtual currency derivatives on a designated contract market or swap execution facility. It covers the necessity for more market…

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Russia and Iran Discuss Crypto Alliance

Crypto Alliance – Russia and Iran might start using digital currencies, like Bitcoin (BTC), to bypass international sanctions, Russian news source RBC reported yesterday. Both countries are exploring ways to replace the SWIFT interbank payment system and avoid the US dollar transactions said the head of Iranian Parliamentary Commission for Economic Affairs, Mohammad Reza Pourebrahimi. Pourebrahimi met with Dmitry Mezentsev, the Chair of the Federation Council Committee on Economic Policy, and said that collectively they have “engaged the Central Bank of Iran to start developing proposals for the use of cryptocurrency.” Pourebrahimi…

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