Following on from his celebrity appearance at Washington hearings in February 2018, Christopher Giancarlo has again presented as a pensive voice on the issue of classifying crypto assets. The Commodity Futures Trading Commission chairman also pointed to the difficulty in classifying cryptocurrencies, depending on which one of the many regulatory agencies it came from.
Whether you have been trading in cryptocurrency assets since a long time or have just delved into this world, chances are that you have heard about Bitfinex.
Ranking over the fifth spot on the list of the world’s top 10 cryptocurrency exchanges by trading volume and being the largest Bitcoin trading exchange, Bitfinex has made a name for itself when it comes to cryptocurrency trading.
While carving that niche should have been a milestone, the exchange does not seem to have had the opportunity to translate it into credible operations and has been riddled with controversies.
The United Nations Children’s Fund (UNICEF), Australia office, is mining cryptocurrency as part of its fundraising activities. The organization is using the computer processing power of site visitors to mine cryptocurrency. The proceeds from the mining activity are then used to support the organization’s humanitarian work across the globe. UNICEF is a United Nations (UN) Program with its headquarters in New York. The fund provides aid to children and mothers in developing nations and other areas affected by humanitarian crisis.
To make a layman understand the basics of Bitcoin, I’d like to quote a statement by Peter Diamandis (the renowned physician, engineer, and entrepreneur),
“Bitcoin is smart currency, designed by forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions of all good things”
Bitcoin has become quite the hot topic and has left many people yearning to learn more and be involved. If you are one of those people with a desire to fully explore the cryptocurrency world, then it’s high time you delve into the community.
The St. Federal Reserve has published a blog post highlighting some similarities between bitcoin and regular currency. It is based on an earlier research paper carried out by the Fed indicated three key attributes common to both Bitcoin and regular currency. This comes at a time when there is a lot of debate concerning cryptocurrencies in general and how they are to be regulated. According to the blog post Bitcoin whether in principle or in practice sure does behave a lot like physical cash.
Buying Bitcoin through Paypal is something many people would like to do, but there are almost no exchanges out there that support Bitcoin purchases via Paypal. Thankfully I said “almost no”, because today I want to let you know about one exchange that will let you buy Bitcoin with Paypal, which is something that’s very helpful to a large group of individuals.
So, today I’ll talk a bit about Virtual World Exchange, or VirWoX, which has found an interesting loophole as part of their business model and because of this you can buy Bitcoin with Paypal.
David Burt, the Premier and Minister of Finance of Bermuda has signed a memorandum of understanding (MOU) with the Binance Group. This was formally announced during a joint press conference on April 27,2018. The MOU will enable Binance to provide funding for educational courses in the field of blockchain technology and fintech in Bermuda. It is part of Binance’s ongoing attempt to foster innovations in the field of blockchain technology. The company also recently partnered with Crypto Savannah, a blockchain enterprise in the East African nation of Uganda to support the development of blockchain technology innovation in the country.
Governments around the world have been toying with the idea of state-owned cryptocurrencies for quite some time, and the concept has become appealing to the Feds as well – with talk of a state-backed cryptocurrency having surfaced in American discourse.
Some nations’ central banks have already considered such a step as a middle road between unregulated cryptocurrency enthusiasm and outright banning.
While not well known or widely used, colored coins could very well be the beginning of Bitcoin 2.0 as they expand the utility of the Bitcoin blockchain. The colored coins are tokens that are representations of real world assets on the blockchain. You can use colored coins to prove ownership of any physical asset, from precious metals to cars to real estate, or equities and bonds. And they are extremely easy to issue.