Blockonomi News

CTFC “Crypto Dad” Says Trump Admin Used Bitcoin Futures to Reign in Bubble

The U.S. Commodity Futures Trading Commission (CFTC) made history in December 2017 for being the first major regulator in the world to formally greenlight bitcoin futures products. Now we know there was more to the approval than was previously known. In comments made to CoinDesk and during a presentation at the San Francisco-based Pantera Summit …

Blockonomi News

Bitcoin Narrative Strengthens As “Fake” Gold Spreads

Bitcoin has been called many things over the years. One of its latest titles is “gold killer.” Case in point, Grayscale Investments earlier this year unveiled an advertising campaign that urged investors to “drop gold, buy Bitcoin,” which centered around showing how the precious metal is rather inefficient and antiquated in today’s modern economy. Many …

Blockonomi News

FinCEN Chief: Cryptocurrency Firms Aren’t Above the Law

Like it or not, cryptocurrency firms have long operated in a legal gray zone. For most of Bitcoin’s ten-year lifespan, exchange platforms and other services providers didn’t implement Know Your Customer (KYC) and Anti Money Laundering (AML) procedures. But this is changing. And quick. Bitcoin & Crypto In FinCEN Director’s Scopes Speaking to an audience …

Blockonomi News

Cryptocurrency Exchange Powerhouse Binance: Preps Fiat Trading Pairs

Malta-based cryptocurrency exchange Binance is among the top brands in the digital assets ecosystem, in no small part because the company’s flagship binance.com platform has become the envy of competitor exchanges across the world. Notably, Binance has achieved that status even though its main venue has been limited to crypto-to-crypto trading. Not for much longer, …

Blockonomi News

Digital Gold Rush: Bitmain Launches Massive Texas Mine

Like many of the top companies in the space, Bitmain, the largest cryptocurrency mining hardware manufacturer, did not escape the bite of last year’s bearish cryptoeconomy downswing. The firm eventually made significant restructurings in its workforce in response. For a time then, Bitmain’s plans for a new mining farm in Rockdale, Texas — which the …

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India Not Alone in Libra Crypto Aversion, Says Finance Minister

India remains one of the more hostile countries when it comes to cryptocurrencies. Facebook’s proposed Libra crypto hasn’t been exempted from this crypto aversion. However, authorities in New Delhi aren’t the only ones wary of Libra. In fact, since the project’s white paper was published, there has been a significant global backlash against Facebook’s foray …

Blockonomi

Bexplus Review: Bitcoin Exchange Which Offers 100x Leverage

Bexplus is a crypto exchange that has been around since late 2017, and it offers crypto traders leverage of up to 100x on select token pairs. If you are new to leveraged trading, Bexplus offers some neat features that could help you get started. Aside from the good leveraged trading options that Bexplus has available …

Blockonomi News

NBA Team Issues Ethereum Powered Vinyl Toys in Crypto Collaboration

As absurd as this sounds, the NBA’s Sacramento Kings have partnered with CryptoKaiju to offer toys — yes, toys — to its fans for the forthcoming 2019-2020 season. Maybe this should come as no surprise as the team has been named the “most innovative company in sports” by Fast Company and “Most Tech Savvy Team …

Blockonomi News

Libra Could Use Crypto Stablecoins, Not a Synthetic Currency

When Libra was launched earlier this year, the vision was clear: Due to immense financial exclusion and friction in today’s financial system, a new system with lower barriers to entry should be launched to boost the world’s economy and the living conditions of those excluded. There is no one “best” way to accomplish this vision, …

Blockonomi News

G7 Report: Casts Doubts on Stablecoin Cryptocurrencies

A new report from the G7 powers and the Bank of International Settlements (BIS), the central bank of the world’s central banks, argues bitcoin and its ilk have failed to evolve into an “attractive means of payment or store[s] of value” and takes aim at the “risks” and “challenges” posed by stablecoins. The report, dubbed …