Mad Money Host Jim Cramer Argues That the Tide is Turning Against Bitcoin
Jim Cramer, host of CNBC’s Mad Money, argued that Bitcoin may have reached its peak. His comments come as the cryptocurrency market dropped below $200 billion in value, with Bitcoin struggling with the $6,000 mark. In June 2018, the former hedge fund manager said the leading virtual currency could eventually be worth $1 million one …
Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis: Low Prices, Better Altcoin Stability
Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent. This is definitely a huge boost for coin holders and as more mainstream companies eye the efficient platform, we might …
SEC Brings the Banhammer Down on Tomahawkcoin ICO Founder Over Fraud Allegations
Earlier Tuesday, the U.S. Securities and Exchange Commission announced that it had obtained permanent officer-and-director and penny stock bans against Tomahawk Exploration founder, David T. Laurance, who has also been accused of violating federal securities laws in connection with the fraudulent Tomahawkcoin ICO. According to the order, the Tomahawkcoin ICO, which was launched in July 2017, …
Bitcoin is 'useless as a payment mechanism and ridiculous as a store of value,' ex-PayPal CEO says
Bitcoin will continue to fall, because “there’s just no value there,” former PayPal CEO Bill Harris told CNBC on Tuesday. div > div.group > p:first-child”> “The cult of bitcoin [makes] many claims — that it’s instant, free, scalable, efficient, secure, globally accepted and useful — it is none of those things,” Harris said on CNBC’s …
Electric Companies Warn of Bitcoin Scam
Hawaiian Electric, Maui Electric and Hawaiʻi Electric Light reports that scammers are targeting customers, and the latest surge of callers are threatening businesses with immediate disconnection if they don’t get paid in the digital currency known as bitcoin. Like virtually all other U.S. utilities, the Hawaiian Electric Companies do not accept bitcoin as aform of payment. Earlier …
High Times Will Not Accept Bitcoin in Its Initial Public Offering
Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the company’s Aug. 3 announcement, where it stated it will accept cryptocurrencies in order to attract investors. In the beginning of August, …
Hungary Does Not Consider Cryptocurrency Legal Tender Yet
Hungary is reportedly working on a regulatory framework for cryptocurrencies but doesn’t consider them a legal tender yet. The country’s current legislation imposes steep taxes, making it a fairly unwelcoming territory for cryptocurrency investors. Not Legal Tender Citing a written statement of the country’s Finance Ministry, local Hungarian media Portfolio reports that Bitcoin and other …
Mysterious Letter Demanding Bitcoin Is Scam: DA's Office
[unable to retrieve full-text content] Mysterious Letter Demanding Bitcoin Is Scam: DA’s Office Patch.com Full coverage Source link
‘Unhackable’ Crypto Wallet Reportedly Breached, Hackers Claim to Meet Bounty Conditions
A group of researchers claims to have have hacked the Bitfi wallet, the Next Web reported August 12. Bitfi’s executive chairman, cybersecurity pioneer John McAfee, has called it “the world’s first unhackable device.” To prove his claim, McAfee challenged security experts to breach the device for a $100,000 bounty starting July 24. Bitfi is a physical device, or hardware wallet, …
Axoni Closes $32 Million Funding Round Led By Goldman Sachs
New York-based provider of enterprise blockchain technology Axoni has completed a $32 million Series B funding round, bringing total funding up to date to upwards of $55 million. Axoni Boosted By Lucrative Partnerships Axoni, a New York-based company specializing in the delivery of distributed ledger infrastructure to many of the world’s leading financial institutions, announced …