Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaire...
After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories of Notorious Hong Kong and New York Agreements On Monday, Elon Musk told his Twitter followers that he recently spoke with North American bitcoin miners, as he said they are “committed” to....
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Regional reports disclose South Korea’s Financial Services Commission (FSC) had a closed-door meeting with roughly 20 different cryptocurrency exchanges on June 3. The report highlights that virtual asset business operators (VASPs) that attended the meeting all had ISMS (Information Security Management System) certification. South Korean Regulator Holds a Closed-Door Meeting With 20 VASPs A report stemming from D.Street who quoted undisclosed sources stated the South Korean FSC met with 20 “small and medium-sized exchanges in South Korea” to discuss the cryptocurrency....
Looming uncertainty has never done the price of any asset any favors, and Bitcoin is no different in that regard. Bitcoin enthusiasts who have been looking at the price charts will have noticed things are heading in the wrong direction. The meeting between Bitcoin miners and Core developers is causing a lot of concern right now, resulting in a Bitcoin price crash. These closed-door meetings are having a similar effect every time they take place, though. It is not the first time Bitcoin Core developers and major mining pool operators come together for such a meeting. Several of these events....
The founder and chairman of Equity Group Investments Sam Zell says he is sceptical of bitcoin but concedes that it may be part of the solution. In particular, the billionaire and real estate magnate thinks the bitcoin community is composed of many individuals that he is not fond of. Fast Talking Characters In remarks made during an interview, the billionaire, who predicts that the U.S. dollar will lose its status as the world’s reserve currency within the decade, has no kind words for some unnamed individuals in the bitcoin space. A report quotes Zell remarking: I am very sceptical,....
Following yet another sharp price drop due to the secretive, closed-door and private actions of China’s Central Bank, the bitcoin community turned today to angry rhetoric directed at PBOC. “You can’t live in a fascist state and not expect the fascist state to come bursting through your door to slap you around, every now and then.” – says one bitcoiner. “I am about sick of China.” – says another. “It’s safe to say that China is going to keep saying something every time Bitcoin gets close to the value of Gold.” – says a third. PBOC stands accused of taking measures against bitcoin every time....
The jury is still out on whether that meeting between the two gazillionaires and “the leading Bitcoin miners in North America” was positive or nefarious. Part of the Bitcoin community interpreted it as a shrewd PR move and supported the Bitcoin Mining Council. The others smell centralization, are suspicious of closed-door meetings and rejected it. […]