USV’s Albert Wenger: Cryptocurrency as a Whole Will Be Worth Trillions of Dollars

Following bitcoin’s historic march to $10,000 and subsequent volatility, covered by CCN, various prominent Wall Street executives have been weighing in on bitcoin and the cryptocurrency ecosystem in general, showing they aren’t too fond of it. Nobel Prize-Winning economist Joseph Stiglitz recently stated that bitcoin should be “outlawed,” while Goldman Sachs CEO Lloyd Blankfein apparently soured on bitcoin as he stated that it’s a “vehicle to perpetrate fraud.

Why Dan Bilzerian’s Diversified Portfolio of Cryptocurrencies is Favorable

Dan Bilzerian, the popular social media celebrity and professional poker player, has a diversified portfolio of cryptocurrencies, with funds evenly spread out amongst the most valuable digital currencies in the market. “For everyone asking, i have 50% Bitcoin, 25% ETH, 15% Monero and 10% Bitcoin Cash,” said Bilzerian. Merits of a Diversified Portfolio of Cryptocurrencies As bitcoin and security expert Andreas Antonopoulos explained, it is favorable to maintain a diversified portfolio of cryptocurrencies rather than allocating all of the capital into a single digital asset for risk minimization.

Crypto Trading and Traditional Assets: New Options for Investors

While trading of crypto-assets is booming, some investors are looking for options to trade traditional assets like stocks via cryptocurrencies. Three new operators are among those developing trading platforms to meet this need, with blockchain-based tokens pegged to the underlying assets. Ankorus Ankorus is establishing a platform that will permit trading traditional assets, including stocks, bonds, futures, options, gold, silver, commodities, ETFs, FX and bitcoin futures with cryptocurrency.

New “Semi-Decentralized” Cryptocurrency Exchange Navigates Murky Compliance Waters

Tetra, a new entrant in the cryptocurrency exchange sector, describes itself as a semi-decentralized, peer-to-peer exchange with an emphasis on security and usability: “Tetra will help create the next wave of cryptocoin adoption which will benefit all cryptocurrency users from investors to traders to businesses.

Bitcoin Gold Launches on November 12

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017. Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first.

Bitcoin Gold Launches on November 12

After weeks of preparation, Bitcoin Gold (Bgold; BTG) is finally launching tomorrow,  November 12, 2017. Bitcoin Gold is the second project to fork away from the Bitcoin blockchain to create a new coin this year; on August 1, Bitcoin Cash (Bcash) was the first.

ECB Vice President: Cryptocurrencies Won’t Replace the Fiat System

European Central Bank (ECB) vice president Vitor Constancio has said that cryptocurrencies will never replace the fiat system. According to a report from Reuters, Constancio said that they are a ‘misnomer’ and that they are merely a commodity used as a speculative asset. While he did concede that they had some use this was only in ‘very special circumstances’ such as in countries that were in an economic crisis.

Bitcoin Millionaire Tim Draper: Cryptocurrencies Will Replace Fiat in 5 Years

In five years time, fiat currencies are no longer going to have any use as cryptocurrencies replace them. That’s according to venture capital investor Tim Draper. At the WebSummit conference in Lisbon, Portugal, Draper was speaking with Forbes. Expressing his views on where he sees the digital currency market, he said: In five years, if you try to use fiat currency they will laugh at you.

Bitcoin Price Boom Sees Students Flocking to Take Cryptocurrency Courses

The rise of bitcoin is seeing an increasing number of students signing up for cryptocurrency classes at top computer science schools such as Stanford. According to Dan Boneh, co-director of the Stanford Computer Security Lab and professor of cryptography, he is attracting a large number of people to his cryptocurrency courses. As a cryptography researcher for almost 30 years, Boneh began teaching a bitcoin and cryptocurrency class in 2015, attracting more than 100 students. His online cryptography course has seen over one million signing up, reports CNBC.
UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk

UK Treasury: Cryptocurrencies Pose Low Terrorist Financing Risk

The U.K. government's economic and finance ministry has released a new policy document stating that cryptocurrencies like bitcoin pose a "low risk" for terrorist financing. According to the HM Treasury paper, the country's National Crime Agency (NCA) also deemed that the risks of digital currency use in money laundering are "relatively low.
Luxurious Cars on Sale in Kuala Lumpur for MSD

Luxurious Cars on Sale in Kuala Lumpur for MSD

This is a sponsored story. CCN does not endorse, nor is responsible for any material included below and urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content A Malaysian luxury car dealer held a sales event at Bukit Jalil, Kuala Lumpur Malaysia on the 6th of October 2017. The car dealer was accepting 100% MSD as means of payment, and successfully sold 8 luxury cars: 1 BMW 5 Series, 2 Mercedes CLS 350, 2 Toyota Vellfire MPV, 1 Audi Q7, 1 Porsche 911 and 1 Mini Cooper S were sold using MSD, which was priced at  USD$0.

Connecting the Luxury Fine Art Industry with the Modern Digital Economy

Latest figures from the Tetaf art market report, released by the European Fine Art Foundation, show that in 2016 global art market sales amounted to an estimated $45 billion, up 1.

UBS: Cryptocurrencies Are a ‘Speculative Bubble’

UBS has said that cryptocurrencies like bitcoin are a ‘speculative bubble’ and are unlikely to become a mainstream currency. Yet, it believes the blockchain may have a ‘significant impact’ on many industries. In a white paper titled ‘Cryptocurrencies – Beneath the Bubble‘ that was published this week, UBS said: We think the sharp rise in cryptocurrency valuations in recent months is a speculative bubble.

USV’s Fred Wilson Dismisses Bitcoin Crash Prediction, Explains Optimal Crypto Holdings for Investors

Prominent venture capitalist and Union Square Ventures co-founder Fred Wilson, who previously stated banks are oblivious to bitcoin’s best feature, recently published a blog post in which he explains how much each type of investor should put into cryptocurrencies, in a response to news that led people to believe he stated investors should have 10-20% of their net worth in crypto assets.

Jamaican Police Target Human Traffickers Operating with Bitcoin

According to a recent report, police in Jamaica is currently refining a strategy to go after human traffickers using cryptocurrencies in an attempt to hide their transactions, according to the Deputy Superintendent of Police Carl Berry, who stated that these criminals are increasingly turning to cryptocurrencies. Carl Berry, while speaking at a two-day Anti-Money Laundering/ Counter-Terrorism financing conference in New Kingston, told bankers that the illicit proceeds of the human trafficking business were finding their way into the banking system, and asked them to collaborate with law enforcement to track the money.

All-In-One Cryptocurrency Solution UQUID Launches ICO

This is a sponsored story.  UQUID, an all-in-one solution for crypto enthusiasts to earn, save, and spend their cryptocurrencies, recently launched its ICO, and early birds have the chance to save, depending on when they participate. Launched in May 2016, UQUID essentially allows users to save, earn, and spend Bitcoin, Ethereum, and 88 other cryptocurrencies. Possible uses include paying bills, shopping online, buying groceries at a local store, or topping up their mobile phones.

Central Banks and the IMF Warm Up to (Centralized) Digital Currencies

Sweden’s central bank, the Riksbank, is considering whether the country should introduce a purely digital form of government-backed money, perhaps using distributed ledger technologies (DLTs) similar to the blockchain technology underlying Bitcoin. This move is part of a recent trend: around the world, nations are considering cryptocurrencies issued by central banks; and recently, the managing director of the International Monetary Fund (IMF) gave a speech hinting at its interest in the concept.
AngelList Creator Naval Ravikant Backs S&P-Style Cryptocurrency Fund

AngelList Creator Naval Ravikant Backs S&P-Style Cryptocurrency Fund

A startup led by former Facebook and Google employees is launching a cryptocurrency index fund. Backed by AngelList founder Naval Ravikant, Bitwise Asset Management is today coming out of stealth mode to reveal its first product, the Bitwise Hold10 Private Index Fund – a market cap-weighted basket of the top 10 cryptocurrencies by network value.
South Korean Regulator Issues ICO Ban

South Korean Regulator Issues ICO Ban

South Korea's financial regulator has prohibited domestic companies and startups from participating in initial coin offerings (ICOs). Following a meeting to discuss cryptocurrency controls today, the Financial Services Commission (FSC) said it will prohibit all forms of the blockchain funding method "regardless of technical terminology," while margin trading of virtual currencies will also be illegal following the ruling.
Dimon Knocks Bitcoin Again: Crackdown Likely on Worthless Cryptocurrency

Dimon Knocks Bitcoin Again: Crackdown Likely on Worthless Cryptocurrency

Jamie Dimon is at it again. Expanding on his recent criticism of bitcoin, the CEO of JPMorgan Chase bank is again out in the media warning "it will end badly" for the tech. In a fresh round of press interviews, Dimon told CNBC he is concerned about a flood of cryptocurrencies – thanks to bitcoin, ethereum and initial coin offerings (ICOs) – and believes governments will soon crackdown on the phenomenon.