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Why Ethereum weathered the cryptocurrency downturn better than Bitcoin If 2017 was a dream for cryptocurrency enthusiasts, 2018 has been a swift return to reality. The value of Bitcoin, which increased over 1,000 percent last year, has decreased by close to 30 percent so far this year, and many other coins have followed suit. The crypto market has begun a modest recovery, ...
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Former Top JPMorgan Trader Says Banks 'Have Absolutely Failed' With Cryptocurrency Daniel Masters ran JPMorgan's energy trading business in the 1990s and now oversees cryptocurrency investment at the firm Global Advisors. In an interview with Business Insider, he called cryptocurrency a "true revolution" that traditional financial institutions are dismissing as a "criminal enterprise, ...
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Is it Ethical to Invest in the Petro? A Close Look at Venezuela's New Cryptocurrency On the 3rd of December 2017, controversial Venezuelan President Nicolás Maduro announced a surprising new initiative aimed at addressing Venezuela's economic turmoil — the development of a state-backed cryptocurrency called the "Petro." The announcement sparked international debate on the ...
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JP Morgan trader turned crypto fund manager says banks are PAYING for failure to modernise They don't want to touch the core currency, which is bitcoin or ethereum, they're suspicious about the industry itself. A lot of people think it's a criminal enterprise and a Ponzi scheme and a scam." Mr Masters feels bankers are only opposed to bitcoin as the cryptocurrency is a threat to traditional banking.
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What Will It Take For Bitcoin To Replace The Dollar In Everyday Transactions That's according to a recent survey conducted by Survata, an independent research firm in San Francisco, which found that 60.3% of cryptocurrency holders see cryptocurrency volatility as the most important barrier of using cryptocurrencies in everyday transactions. Survata interviewed 402 online ...
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669 reported money laundering cases in Japan relating to cryptocurrency Noted was 669 cases of the financial crime money laundering, over a period of 8 months within Japanese cryptocurrency exchanges. Over the last month or so, Japan has tightened up greatly on crypto related activities, keeping a very close eye. Following the large hack of Coincheck, the Japanese ...
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Cryptocurrencies pose serious threat to Bank of America according to its SEC filings In its annual filing with the Securities and Exchange Commission, the bank admitted cryptocurrency poses a competitive threat to its business on three separate occasions within the document. The bank said there is a risk that its customers could turn to cryptocurrencies adding that, "Clients may choose ...
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