Would a $10k Bitcoin Help or Hurt Transactions?
A focus on what really makes up the bitcoin ecosystem - transactions - was discussed in a panel on Wednesday, 26th March, as part of the final session of CoinSummit San Francisco. The talk included Vinny Lingham, CEO of Gyft. Tom Longson, CEO of GogoCoin; and was moderated by Luke Sully from PwC. Everyone loves to predict that the price of bitcoin will rise, but the more important question may be, 'Is an expensive bitcoin actually good for the BTC economy?'. No one can deny that the level of exposure bitcoin has received in the past year has had a lot to do with its price. One year ago,....
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A municipality in the province of Sevilla, Spain, has launched its own cryptocurrency, which aims to encourage residents and merchants to arrange transactions with it in the midst of the coronavirus-driven economic impact. Spain’s Sevilla Municipality Launches ‘Elio’ Cryptocurrency to Boost Local Economy According to Europa Press, the City Council of Lebrija created “Elio,” a crypto asset pegged to euro price, which will act as a tunnel to send economic aids to stimulate local consumption, between 50 and 200 EUR ($61 to 244) to each one of the 593 selected....
Days after Prime Minister David Cameron shared hints on a potential crackdown on bitcoin transactions, UK government officials clarified that they have no plans to ban encryption. Cameron's comments against cyrptocurrency transactions came after the deadly terrorist attack in Tunisia, which led to fatalities of 30 UK citizens. At that time, Cameron dropped strong remarks against terrorist groups using encryption technology, citing he wanted to "ensure that terrorists do not have a safe space in which to communicate." This led to speculations that bitcoin firms in the UK might be in....
Due to the recent terror attack in Tunisia that caused fatalities for 30 UK residents, government officials have emphasized the need to have a crackdown on encryption systems. This raised the issue of anonymity among bitcoin transactions and secrecy with bitcoin firms. In a previous speech, UK Prime Minister David Cameron mentioned that the government does not approve of a communication medium that is completely shrouded in secrecy. What could this mean for bitcoin firms if the UK imposes laws pertaining to encryption? Bitcoin Firms in Trouble? Bitcoin transactions are considered....
“Ethereum demand is tied more closely to transactions. Therefore, similar scaling constraints hurt Ethereum demand more than they suppress Bitcoin demand,” Morgan Stanley’s report reads. Morgan Stanley’s wealth management global investment office has published a report on Ethereum (ETH) arguing that the blockchain’s dominance could dwindle if strong market competition emerges. The investment banking giant’s report is titled “Cryptocurrency 201: What Is Ethereum?” and it provides a detailed rundown of the ecosystem along with its advantages and disadvantages in relation to Bitcoin (BTC).....