Indian Government Turns Fiat Currency War on to Cryptocurrencies

The cryptocurrency marketplace in India is facing a siege from multiple parts of the government as several incidents amount to a buildup of the Narendra Modi–led government’s actions on regulating cryptocurrencies. If the reports out of India are true, the IMF’s “fastest growing country among emerging economies” may have to meet its 7.

Two New Services Could Help Investors Rate Cryptocurrencies

Increasing interest in cryptocurrencies has led to an influx of new investors. Unlike traditional markets, there are few tools that can help people make informed decisions, a situation that has already begun to claim victims in a particularly volatile environment.

Cryptocurrency’s Red Tuesday Firesale Leaves Everyone Speculating

The cryptocurrency sky fell yesterday as 49 of the top 50 coins (by Market Cap) were down with only Tether (USDT) posting a gain.

St. Louis Fed: In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St.

Bad News Bears: Cryptocurrency Stories of 2017 That Brought Us Down

2017 has seen its spate of both good and bad stories for all sides of the cryptocurrency space. Whether you believe in dutch tulips or you worship at the altar of Satoshi Nakamoto, there were reaffirming and disheartening stories for evcxzxeryone. Below are five of the stories that darkened an otherwise positive year for the industry. Segwit2x vs.

Cryptocurrency and Blockchain Tech Market Could Reach $10 Trillion in 15 Years, Says RBC Analyst

In a report published on January 3, 2018, Royal Bank of Canada (RBC) Capital Markets analyst Mitch Steves confidently stated that the cryptocurrencies and blockchain technology applications market could increase thirteenfold in 15 years, reaching $10 trillion.

Fedcoin Could Be Coming Soon, But Would It Really Challenge Bitcoin?

The idea of “Fedcoin,” a cryptocurrency sponsored by the U.S. government and managed by the Federal Reserve, has been around for quite some time.

New In-Game Cryptocurrency Systems Let You Buy Assets in the Virtual Reality World

High Fidelity is announcing the launch of Avatar Island, a VR domain where High Fidelity users can purchase items for their avatars, all contributed by digital artists from around the world.

This Russian Presidential Candidate Wants to Legalize Bitcoin

Boris Titov, a Russian businessman/ombudsman and bitcoin advocate, recently revealed he will participate in the presidential elections in 2018.

Regulation and the Future of Cryptocurrency at Token Summit II

On December 5th, 2017, the Mission Bay Conference Center in San Francisco hosted cryptocurrency enthusiasts in suits, hoodies and everything in between. Token Summit II, presented by William Mougayar, author of “The Business Blockchain,” and Nick Tomaino, founder of 1confirmation, was a hub for cohesion and problem-solving in the blockchain space.

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.