“Venture Capital Working Group” Seeks Select Cryptocurrency “Safe Harbor”

Several venture capitalists (VCs) and entrepreneurs have been petitioning federal authorities to see certain virtual currencies in a “different light.” Right now, many cryptocurrencies are in danger of being classified as “securities,” which would place them under strict regulatory scrutiny. Working to change this, venture capital firms Andreessen Horowitz and Union Square Ventures have gathered […]

Cofounder’s FINRA Suspension Could Hold Consequences for Tezos

When Arthur Breitman, cofounder of Tezos, published a white paper on the cryptocurrency project in September 2014, he listed the author as L.M. Goodman. Later, when Breitman disclosed that he was the real author behind the work, many wondered why he used a pseudonym.  As it turned out, at the same time he started working […]

Brazil’s Largest Brokerage Firm May Be Launching an OTC Bitcoin Exchange

Brazil is home to half of South America’s population and wealth, and right now, the country’s largest investment broker firm may be primed to launch an over-the-counter (OTC) bitcoin exchange. XP Investimentos has not made any official announcements on the matter, but according to reports in Portal do Bitcoin on Tuesday, April 17, 2018, the […]

Bolivar to Bitcoin Trading Surpasses a Record $1 Million per Day

Venezuela’s economic situation has been steadily declining in the past few years, bringing Venezuelans to turn to cryptocurrencies. According to VeneBloc data, the bolivar-to-bitcoin market recently reached a new record, as the equivalent of $1.009 million in bolivars were exchanged for bitcoin on April 17. VeneBloc tracks transactions made on peer-to-peer exchange LocalBitcoins on the […]

Morgan Stanley: Bitcoin Miners Will Only Profit When Price is Above $8,600

The key price point for Bitcoin mining profitability is $8,600, according to Morgan Stanley Equity Analyst Charlie Chan and his team. As per their simulation, if the coin can’t recover $8,600 soon, many Bitcoin miners will likely find it unprofitable to keep creating the cryptocurrency. Bitcoin Mining Profitability As of today, Bitcoin is trading at almost $8,250 […]

Wall Street Veteran Likens Cryptocurrencies to Candy Crush Game Currency

Richard Bernstein isn’t building any bridges with the cryptocurrency community. The head of the Wall Street research firm that bears his name said in a note to clients today that there’s little difference between cryptocurrencies and the virtual currencies you earn with internet games like Candy Crush, according to a report on Bloomberg. CryptoKitties might not […]

NEO, EOS, Litecoin, IOTA and Stellar: Technical Analysis April 20, 2018

We need to see some fundamentals to jolt altcoin price action today. Should there be further gains say in Bitcoin and EOS, they are lagging behind, prices could explode. As statistics shows, Stellar Lumens is spearheading this week’s gain with an impressive 66 percent gain while IOTA is following closely at 43 percent. Even though […]