Thursday, March 21Your Daily Bitcoin & Altcoin News Portal

BITCOIN

Robinhood Reportedly Considering Formal Banking Services – Bitcoin News

Robinhood Reportedly Considering Formal Banking Services – Bitcoin News

BITCOIN
Please share if you find this article interesting. Robinhood Reportedly Considering Formal Banking Services - Bitcoin News News Unnamed sources suggest popular free crypto and stock trading application (app), Robinhood, is negotiating with US regulators about prospects for it becoming a bank, complete with traditional services such as savings accounts. It’s still early going, and very preliminary, but such an arrangement could well be the future of banking. Also read: Bitcoin More Influential in US Politics Than Ever Robinhood Looking to Provide Banking Services By all accounts it has been a skyrocketing year for the smartphone trading app Robinhood Markets, Inc. out of Menlo Park, California. Success appears to have emboldened the scrappy firm, according to Bloomberg. In la
CryptoGirl
Analysts Concerned About Crypto Mining Impact on AMD Share Price

Analysts Concerned About Crypto Mining Impact on AMD Share Price

BITCOIN
Please share if you find this article interesting. Analysts Concerned About Crypto Mining Impact on AMD Share Price While Advanced Micro Devices Inc.’s (AMD) shares have seen substantial growth in the past month due to a cryptocurrency mining boom, two analysts warn that investors could be disappointed should mining die down, MarketWatch reported June 20. In the past month, AMD’s stock has gained around 30 percent thanks to the graphic processing units (GPUs) produced by the company, which have established themselves as effective hardware for crypto mining. Some analysts, however, have expressed concern that the recent success of AMD’s stock may not last long if crypto mining quiets down, or if miners choose GPUs by other manufacturers. Stacy Rasgon, an analyst from Bernstein, cl
CryptoGirl
Bithumb Hack Does Not Change Bitcoin Fundamentals, Says Litecoin Founder Charlie Lee

Bithumb Hack Does Not Change Bitcoin Fundamentals, Says Litecoin Founder Charlie Lee

BITCOIN
Please share if you find this article interesting. Bithumb Hack Does Not Change Bitcoin Fundamentals, Says Litecoin Founder Charlie Lee The recent hack of leading crypto exchange Bithumb “doesn’t really change the fundamentals of Bitcoin” Litecoin (LTC) founder Charlie Lee stated in an interview with CNBC June 20. According to Lee, the price drop is a typical reaction of the market to the news about the hack, and “it happens all the time,” because people get scared. According to Lee, the hack of a crypto exchange does not affect Bitcoin’s (BTC) fundamentals just in the same way as a bank robbery should not affect the price of gold: “If the exchange does not protect the coins well enough and gets hacked, it doesn’t really change the fundamentals of the coin they are protecting.”
CryptoGirl
Toronto Stock Exchange to Trade New Blockchain ETF

Toronto Stock Exchange to Trade New Blockchain ETF

BITCOIN
Please share if you find this article interesting. Toronto Stock Exchange to Trade New Blockchain ETF The Toronto Stock Exchange (TSX) will list a new blockchain exchange traded fund (ETF) starting Thursday, Bloomberg reported June 20. The Horizons Blockchain Technology and Hardware Index ETF fund will join other ETFs from Harvest Portfolio Group Inc. and Evolve Funds Group Inc. An ETF is a marketable security that tracks an index, commodity, or basket of assets, that are proportionately represented in the fund’s shares. ETFs experience price changes throughout the day as they are purchased or sold on a stock exchange. The new ETF’s holdings include companies developing applications related to blockchain such as Hive Blockchain Technologies Ltd., Nvidia Corp., and Digital Realty
CryptoGirl
Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks – Bitcoin News

Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks – Bitcoin News

BITCOIN
Please share if you find this article interesting. Korean Government Details Regulatory Plans After Multiple Crypto Exchange Hacks - Bitcoin News Regulation Following multiple hack reports, the South Korean government explains how it will strengthen the regulatory framework for cryptocurrency exchanges. A bill has already been submitted which imposes multiple new obligations on crypto exchanges. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Korean Government’s Solution Following recent reports of multiple security breaches at cryptocurrency exchanges, the South Korean government has revealed the details of the new bill to regulate crypto exchanges, local media report. Choi Jong-ku. On Tuesday, June 19, South Korea’s second largest crypto exchange, Bithumb,
CryptoGirl
Nasdaq CEO: ICOs Pose ‘Serious Risks’ for Retail Investors Due to Lack of Oversight

Nasdaq CEO: ICOs Pose ‘Serious Risks’ for Retail Investors Due to Lack of Oversight

BITCOIN
Please share if you find this article interesting. Nasdaq CEO: ICOs Pose ‘Serious Risks’ for Retail Investors Due to Lack of Oversight Nasdaq CEO Adena Friedman recently claimed that initial coin offerings (ICOs) pose “serious risks” for retail investors, CNBC reports June 20. Speaking at the Future of Fintech conference in New York on Wednesday, Friedman expressed “real concern” about ICO projects, saying that they can seriously defraud retail investors. Friedman said this is mostly the result of insufficient public information, as well as a lack of transparency, regulation, and accountability. "To make it no rules at all, when companies can just willy-nilly take people's money and offer no information at all, with no governance, that sounds to me like you're taking advantage o
CryptoGirl
US: SEC Obtains Emergency Court Order to Freeze Assets of Fraudulent ICO

US: SEC Obtains Emergency Court Order to Freeze Assets of Fraudulent ICO

BITCOIN
Please share if you find this article interesting. US: SEC Obtains Emergency Court Order to Freeze Assets of Fraudulent ICO The U.S. Securities and Exchange Commission (SEC) has received an additional emergency court order to freeze the assets of Dominic Lacroix, owner of PlexCorps, in an ongoing enforcement action, Crowdfund Insider reported June 20. The SEC had previously sued Lacroix for securities fraud and received an emergency asset freeze order in December, 2017. The order was unsealed June 18. The SEC alleges that, since December, Lacroix has been using secret accounts, including an account in his brother’s name which he controlled, to dissipate assets obtained from investors with the PlexCoin ICO. The SEC is looking to collect interest, penalties, as well as permanent in
CryptoGirl
Crypto Cries Foul In Wake of Tether’s Dollar Token Report

Crypto Cries Foul In Wake of Tether’s Dollar Token Report

BITCOIN, CURRENT EVENTS, EDUCATION, FINANCE
Please share if you find this article interesting. Crypto Cries Foul In Wake of Tether's Dollar Token Report Too good to be true? That's what some are wondering after Tether, the makers of the dollar-pegged crypto asset, USDT, made an announcement Wednesday insisting that its tokens – valued at $2.6 billion – are fully-backed by real cash (according to one law firm, at least). For months, Tether has fought accusations that it is falsely issuing tokens without actually having the dollar reserves to back them. The company had even initially partnered with an audit firm to undergo a full inspection. That working relationship, however, was dissolved back in early January. Some background on Tether: Unlike bitcoin or ethereum, which does not have traditional assets affirming its val
CryptoGirl
Brazil’s Central Bank Develops Blockchain Data Sharing Platform for Financial Regulators

Brazil’s Central Bank Develops Blockchain Data Sharing Platform for Financial Regulators

BITCOIN
Please share if you find this article interesting. Brazil’s Central Bank Develops Blockchain Data Sharing Platform for Financial Regulators Brazil’s central bank has created a permissioned digital ledger platform that will enable data sharing among financial regulators, Finextra reports today, June 20. The ledger, called the Information Integration Platform for Regulators (Pier), will be used by regulators to exchange information on general authorization processes of financial institutions, ranging from administrative processes to the conduct of employees. Additional information not related to administrative sanctioning processes can also be shared if mutual interest is shown. Pier, developed by the Banco Central de Brasil’s IT department (Deinf), will connect the Securities and
CryptoGirl
World Wealth Report 2018: Young Millionaires Interested in Investing in Cryptocurrencies

World Wealth Report 2018: Young Millionaires Interested in Investing in Cryptocurrencies

BITCOIN
Please share if you find this article interesting. World Wealth Report 2018: Young Millionaires Interested in Investing in Cryptocurrencies In its World Wealth Report 2018, consulting firm Capgemini identified a marked growth of interest in cryptocurrencies among rich investors, Cointelegraph auf Deutsch reported yesterday, June 19. For the report, Capgemini interviewed high-net-worth individuals (HNWI) and asset managers around the world about their interest in cryptocurrencies. According to the report, nearly a third (29 percent) of the surveyed millionaires expressed a high interest and more than a quarter (almost 27 percent) a general interest. The potential of cryptocurrencies to generate investment returns and store value is a driving interest among HNWIs. More than 70 perc...