In this week’s cryptocurrency round-up, we have some good news in the form of a Canadian town accepting cryptocurrency as a form of property tax payments. While this might not be an immense catalyst for mass adoption, it is undoubtedly a step in the right direction. However, there is some bad news for South Korean cryptocurrency exchange Bithumb, which claims that it has lost millions as the result of an inside job. As if that wasn’t enough bad news for cryptocurrency exchanges, Gatecoin is being liquidated. In addition, a Staten Island man is facing a significant amount of prison time for defrauding investors and stealing from them while claiming that he could make a considerable return on their investment, and he did this from his home, and through social media networks Facebook and Twitter. Additionally, Japan’s largest railways operator might soon be accepting crypto, and a Russia social media giant might be launching its own cryptocurrency.
In this week’s cryptocurrency weekly round-up: there are several negative stories that are not so inspiring when it comes to cryptocurrency mass adoption. First, it appears as though a Bitcoin ATM has been removed pretty much as soon as it has been installed in Dubai, and Twitch is abandoning cryptocurrency as a payment option. As if that wasn’t enough bad news - many are wondering whether Justin Sun, the founder of TRON, is buying Twitter followers.
This certainly might be the worst week in terms of news in recent memory for the cryptocurrency markets, although some might argue that these are all relatively small and isolated incidents. Mike Novogratz, the CEO of cryptocurrency investment firm Galaxy Digital, believes that Bitcoin can eventually overtake gold, in a more optimistic crypto news story. Odyssey is an annual hackathon that explores the potential of blockchain technology, and it will be taking place shortly, as well. Last but not least, Vietnam will soon be launching its first fully-authorized cryptocurrency exchange, which is great news for Asian crypto enthusiasts.
In this week’s cryptocurrency round-up, Denver is using blockchain technology to vote, a well-known cryptocurrency trader and entrepreneur gets caught up by law enforcement, and Morgan Stanley might finally be stepping into the crypto world. As if that wasn’t enough news, Texas wants to know the identities of those involved in cryptocurrency transactions, Binance announces a system upgrade, Max Keiser thinks that we should abandon the dollar for Bitcoin. Last but not least: the United States and China appear to be racing to hire as many blockchain-related positions as possible. Denver Using Blockchain To Vote There are many that have...
This week in crypto: Bakkt, which many believed would be a huge institutional catalyst for the cryptocurrency markets, is still delayed, the “crypto mom” thinks that while the SEC waits, the sector should be focused on technology and innovation, and two professors aren’t a fan of cryptocurrencies - for very different reasons.