The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden” — argues Ripple executive Marcus Treacher. The major flaw in Facebook’s planned cryptocurrency, Libra, is that it’s a closed system — akin to a “walled garden.” That’s the argument made by Marcus Treacher, Ripple’s senior […]
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Defending the cryptocurrency, the Morgan Creek founder said that like Amazon, Bitcoin is only a buy. Bitcoin (BTC) is a buy and it has never been the right time to sell it, serial investment manager Mark Yusko has told mainstream media viewers. Yusko on Bitcoin: All indicators rising Speaking to CNBC in an interview on […]
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“Our clients are ready to work with” Facebook on Libra, said IBM’s general manager of blockchain services Jason Kelley. Technology behemoth International Business Machines (IBM) is open to working with Facebook on its Libra stablecoin, CNBC reported on Sept. 23. IBM’s general manager of blockchain services Jason Kelley said that the company is looking to […]
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CBOE withdraws its VanEck/SolidX Bitcoin ETF, leaving the SEC with just two similar but less popular proposals. On Sept. 17, the Chicago Board Options Exchange’s BZX Equity Exchange withdrew its VanEck/SolidX Bitcoin exchange-traded fund (ETF) proposal a month ahead of the review deadline. The United States Securities and Exchange Commission (SEC) — the regulator on […]
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Fundstrat Global Advisors’ Thomas Lee has argued that a strong macro outlook will provide the tailwinds for Bitcoin’s next bull run. Wall Street strategist and co-founder of Fundstrat Global Advisors Thomas Lee has argued that a strong macro outlook will provide the tailwinds for the next Bitcoin (BTC) bull run. In an interview for CNBC’s […]
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CEO of VanEck Associates Jan Van Eck said that the company is now offering a type of exchange-traded product with exposure to Bitcoin. The CEO of investment management firm VanEck Associates, Jan Van Eck, said that the company is now offering a type financial product with exposure to Bitcoin (BTC). In an interview with CNBC […]
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In a recent interview, Securities and Exchange Commission Chairman Jay Clayton says there is more work to be done before approving a Bitcoin ETF. United States Securities and Exchange Commission (SEC) Chairman Jay Clayton recently spoke with CNBC’s Bob Pisani regarding the regulator’s latest take on Bitcoin (BTC) exchange-traded funds (ETFs). ‘Progress is being made’ […]
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Former congressman Harold J. Ford argued that the United States Congress should not paint the cryptocurrency sector with a broad brush. Former United States Representative Harold J. Ford has argued that Congress should have a nuanced approach to regulating cryptocurrencies. In an article published on CNBC on Sept. 5, Ford said that lawmakers and regulators […]
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After failing to break $10,800, Bitcoin continues to see red, while gold sees the worst daily percentage drop in over 2.5 years. Thursday, Sept. 5 — after failing to break $10,800 price point, Bitcoin continued to hover around $10,500, while most of the top 20 coins saw major losses. Market visualization | Source: Coin360 After […]
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Veteran frontier markets investor Mark Mobius thinks that Bitcoin needs to be backed by gold and blockchain is risky. Famous emerging markets investor Mark Mobius believes that Bitcoin (BTC) needs to be backed by gold to have any value. Crypto and blockchain are “very risky situations” Mobius, founder at frontier markets asset manager Mobius Capital […]
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