Harvard Economist: Bitcoin’s Future Value More Likely to Be $100 Than $100K
Former chief economist of the IMF and Harvard University professor Kenneth Rogoff has characterized Bitcoin as “a lottery ticket” Go to Source Powered by WPeMatico
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US Treasury Dept. Takes Action Against Two Iranians Allegedly Involved in BTC Ransomware
The U.S. Department of Treasury has sanctioned two Iranians allegedly involved in a Bitcoin ransomware scheme known as SamSam Go to Source Powered by WPeMatico
The Daily: Consensys Acquires Planetary Resources, New Zealand Backs Crypto R&D
In today’s edition of The Daily, we look at a company that has decided to expand from the cryptocurrency space into outer space by buying a venture focused on mining asteroids. We also cover an investment platform that has secured R&D funding from a government agency, as well as a limited-edition hardware wallet. Also Read: … Read more
Exchanges Roundup: UK MP Quits Ironx After Four Days, Daily OTC Volume Estimated at $250M
In recent news regarding cryptocurrency exchanges, a member of the British Parliament has quit his role with a cryptocurrency exchange just four days after joining the company, analysts have estimated the daily volume of the over-the-counter (OTC) cryptocurrency markets to be $250 million, and Poloniex’s new terms of use have banned residents of Germany, China, Pakistan, … Read more
Central Bank-Issued Digital Currencies: Why Governments May (or May Not) Need Them
Here are the pros and cons of having a central bank-issued digital currency — along with the list of countries that chose to adopt or dismiss the idea Go to Source Powered by WPeMatico
Fincen Claims Iran Is Using Crypto to Evade Sanctions
The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian … Read more
Fincen Claims Iran Using Crypto to Evade Sanctions
The Financial Crimes Enforcement Network has warned U.S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country. Also Read: Church Mining Cryptocurrency to Pay Higher Electricity Rates Iranian … Read more
FinCEN Lambasts Iran’s ‘Illicit and Malign’ Use of Crypto to Evade Sanctions
The U.S. Financial Crimes Enforcement Network (FinCEN) has issued an advisory calling on cryptocurrency exchanges to monitor Iranian use of crypto to evade sanctions Go to Source Powered by WPeMatico
Brazil Tops List of Cryptojacking Coinhive Victims, Warns Iranian Cybersecurity Authority
A new report from the latter’s cybersecurity authority warns that Brazil has spawned over 81,000 Coinhive reports, while Iran has about 11,000 Go to Source Powered by WPeMatico
Steve Hanke: Central Banks Fuel Wealth Loss and Inflation – The World Needs Less of Them
Respected economist Professor Steve Hanke has chanted down central banks. While Hanke doesn’t tout cryptocurrency as an alternative, he does say that the world needs fewer central banks because these government-controlled entities are messing up economies and abusing monetary policy, while fueling inflation and loss of wealth. Also read: Ex-Liberia Central Bank Chief Under Probe For … Read more