Report: Bitcoin Unable to Solve Problems of Traditional Payment Systems

Report: Bitcoin Unable to Solve Problems of Traditional Payment Systems An official from Spain’s central bank, the Bank of Spain (BDE) believes that Bitcoin (BTC) is unable to resolve the problems faced by major payment systems. BDE’s Deputy General Director for financial innovations and market infrastructure, Carlos Colesa, gave his opinion on the leading cryptocurrency in a reportpublished…

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Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals

Analyst: Despite 80% Drop Bitcoin Network is as Strong as Ever, Enduring Fundamentals Bitcoin (BTC) may be struggling price-wise, but an array of analysts claim that from a fundamental perspective, the cryptocurrency is stronger than ever. And while headlines have focused on impending institutional involvement, whether it be through Bakkt, Fidelity, ErisX, or otherwise, little attention…

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Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash

Bitmain Announces Energy-Efficient ASIC Chip for Mining Bitcoin and Bitcoin Cash Chinese mining giant and ASIC hardware producer Bitmain has announced its next generation 7nm (nanometer) ASIC mining chip, according to a press release published on Monday, Feb. 18. The new mining hardware, BM1397, is designed for mining cryptocurrencies that use the SHA256 algorithm for their proof-of-work (PoW), such as Bitcoin (BTC) and Bitcoin Cash (BCH).…

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CFTC Commissioner Brian Quintenz Suggests Creation of Crypto Self-Regulatory Organization

CFTC Commissioner Brian Quintenz Suggests Creation of Crypto Self-Regulatory Organization United States Commodity and Futures Trading Commission (CFTC) commissioner Brian Quintenz has suggested that participants in the cryptocurrency industry should create a self-regulatory structure. Quintenz made his remarks during a Bipartisan Policy Center panel held on Feb. 12. More precisely, Quintenz said that because of the CFTC’s lack of crypto…

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Norway: Anarcho-Capitalist Smart City Adopts Crypto as Sole Recognized Medium of Exchange

Norway: Anarcho-Capitalist Smart City Adopts Crypto as Sole Recognized Medium of Exchange Liberstad — a private, anarcho-capitalist city in Norway — has adopted a cryptocurrency native to its blockchain-powered smart city platform as its official medium of exchange, according to a press release published on Feb. 12. Founded in 2015, Liberstad is the outcome of the Libertania project, run by the nonprofit…

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QuadrigaCX Imbroglio Continues: Cotten Mentioned Bitcoin Key Loss In 2014

QuadrigaCX Imbroglio Continues: Cotten Mentioned Bitcoin Key Loss In 2014 Since NewsBTC’s last updates on the QuadrigaCX situation, little knowledge has been garnered about the current whereabouts or legitimacy of the exchange’s supposed Bitcoin, Ethereum, Litecoin, and other digital asset holdings. But, this hasn’t stopped astute industry participants from scouring the web for clues, as victims continue to clamor for…

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ErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market

ErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market Chicago-based crypto exchange ErisX has filed a comment letter with the United States Commodity Futures Trading Commission (CFTC) in response to the agency’s request for feedback on Ethereum (ETH)’s mechanics and market. The letter, submitted on Feb. 15, sets forth the exchange’s belief that “the introduction of a…

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