Bitcoin Should Be Regulated Globally Says ECB President Christine Lagarde 

Bitcoin’s pseudonymity, since its creation is one scoring point for the cryptocurrency considering its holders are confident that no company or government can get a hold of their money because of the network’s decentralized nature. However, a recent announcement by the president of the European Central Bank (ECB) in an interview at the Reuters Next conference questions Bitcoin’s pseudonymity. President Christine Lagarde stated that Bitcoin should be regulated globally, for reasons that criminals use the digital currency for money laundering and so precautionary actions should be taken to stop future occurrences. Due to the recent upsurge in the price of BTC in

Early Bitcoiner Loses $220 Million Worth of BTC to Forgotten Password

According to The New York Times, Stefan Thomas, a San Francisco-based programmer, lost access to his Bitcoin because of a forgotten password. The private keys to his 7,002 Bitcoin now worth about $220 million, due to the recent price surge, is locked in a small hard drive called IronKey. The IronKey wallet has a feature that allows owners who forget their passwords to attempt 10 guesses. Failure to get the password right on the 10th attempt, the wallet seizes up its contents indefinitely. Thomas revealed that he lost the paper where he stored the

After XRP Snapshot: Flare Networks Will Soon Integrate With Litecoin (LTC)

Flare Network is one platform that has a list of planned events waiting to be executed way before its launch date. In a recent tweet, the company revealed it would be integrating Litecoin ahead of the Flare network launch in Q2. The integration supposedly “allows LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability.” Flare will be integrating Litecoin ahead of the Flare network launch in Q2. This will allow LTC to be used trustlessly on Flare with Ethereum style smart contracts and gives LTC interoperability and composability. #LTC #Unlockingvalue @LTCFoundation

American Investor Jim Rogers Believes Bitcoin Is a Massive Bubble

While many former Bitcoin critics are becoming more tolerant of it, quite a few are still skeptical of the cryptocurrency. Some people like Jim Rogers do not believe that bitcoin is as great as its proponents deem it to be but see it as nothing but a bubble. The American investor based in Singapore and the CEO of Rogers International Commodities Index (RICI) recently revealed to ET NOW that he has never purchased nor owned any cryptocurrency owning to the history of some cryptocurrencies that have gone extinct. He said, “I have never bought any cryptocurrency. I wish I had

JPMorgan Predicts 5x Bitcoin Price From Here, With a $146,000 Target

As the price of Bitcoin continues to rise, a lot of speculations from both analysts and strategists about the price of the coin continues to increase too. The price increase has also led to some comparisons between Bitcoin and Gold. One of such predictors is a group of strategists from JPMorgan Chase & Co. The strategists, headed by Nikolaos Panigirtzoglou, mentioned that Bitcoin might reach $146,000 in the long term. However, for bitcoin to attain that price and equal with Gold, the cryptocurrency market cap would have to increase by 4.6 times

Arrested BitMEX CTO Samuel Reed released on $5 million bond

A court document released today revealed that BitMEX’s former CTO Samuel Reed arrested in connection to the lawsuits against the exchange, has been released on a $5 million appearance bond.  On Oct 1, Coinfomania reported that U.S. regulators charged crypto derivatives giant BitMEX and its co-founders for operating an unregulated trading platform and failure to establish and maintain a mandatory anti-money laundering (AML) and Know Your Customer (KYC) requirement. Following the filings, Reed was charged and arrested by the U.S. Department of Justice. However, he has been released with an unsecured $5 million appearance bond with $500,000 in cash.  According

Arthur Hayes Steps Down as CEO at 100x Following CFTC Charges Against BitMEX

It’s been a trying time for crypto derivatives giant BitMEX and its associates following the recent legal filings in the United States. Coinfomania reported last week that the US Commodity Futures Trading Commission (CFTC) filed civil charges against BitMEX and its founders for several rule violations.  The CTFC alleged that the company violated its rules by operating an unregulated exchange while also failing to implement a mandatory anti-money laundering (AML) know-your-customer (KYC) requirements for US traders.  Auther Hayes steps down Following the lawsuit, 100x Group, the holding group for HDR Global Trading Limited, owner and operator of the BitMEX exchange,

Japanese Financial Service Giant SBI Buys TaoTao Crypto Exchange

Just two days after Japanese crypto exchange TaoTao ended its 10-months long strategic partnership talks with Binance, financial service giant SBI has acquired the exchange.  The negotiation between Binance and TaoTao, which started in January and was concluded this month, was part of Binance’s effort to debut the Japanese market.  However, today’s announcement revealed that SBI had acquired 100% of TaoTao’s share for an undisclosed amount. As a result, the Japanese licensed crypto exchange has become a wholly-owned subsidiary of SBI Liquidity Market.  The reason why the negotiation between TaoTao and Binance was unfruitful remains unknown as neither of the

Contradiction: Peter Schiff’s Son Already Has $450 Worth of Bitcoin

Spencer Schiff, son of Peter Schiff, the CEO of Euro Pacific Capital, revealed in a tweet today on his Twitter page that he now owns about $450 worth of Bitcoin, which is about 0.06271268 BTC. The young investor who just turned 18 yesterday unlike his father in terms of interest in Bitcoin, perhaps showing that younger investors are more favorably disposed to Bitcoin since his father is a self-proclaimed Bitcoin critic and hater but a famous gold bug. I already have about $450 worth of Bitcoin — Spencer Schiff (@SchiffSpencer) August 27, 2020 Peter Schiff, who always looks for avenues