How is regulation going to affect the bitcoin price?
Regulation as it concerns bitcoin has been dominating the media cycle recently. We've had the US government meeting with representatives of the Bitcoin Foundation. In the UK, regulators have been meeting with companies trying to make determinations about a framework for operating in the realm of bitcoin. And companies like Tradehill have suspended bitcoin operations pending further notice because regulatory issues have been opaque regarding decentralized virtual currencies. Yet in the past month, this uncertain environment has not deterred the volume of trading on bitcoin markets. Despite....
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Aside the Bitfinex hack which is explicable, every time there is a drop in the price of Bitcoin - as we have seen in recent days - several unfounded factors tend to crop up to provide plausible cause. This article was written to look at issues that affect Bitcoin price and yet defy a collective reasoning of consensus among many users. A case in focus is between Friday July 29 and August 1 when the price dipped by more than $50 from $655 to $603. What was responsible for that? EU regulation factor. There is a view that the current price is a reflection of the proposed regulation being....
How will a Democratic administration in the U.S impact bitcoin regulation and the BTC price over the next four years?
Fewer startups. A drain of top talent. Jobs and opportunities pushed overseas. These are the nightmare outcomes that Atlantic Financial founder, 20-year Wall Street veteran and Bitcoin Financial Association member Bruce Fenton believes could befall the bitcoin industry, should US lawmakers heed calls for regulation from the bitcoin community. Having worked under the conditions imposed by traditional financial regulation, Fenton offers an insider's account of how detrimental these policies could be for bitcoin's growth and ultimate longevity. "[The traditional financial system has] seen....
One of the biggest stories in crypto and in decentralized finance (DeFi) of the past few weeks is the potential regulation that may affect this space. A number of confirmed stories and rumors indicate that there is going to be an increase in the measures placed on cryptocurrency exchanges and stablecoin providers. Brian Armstrong, CEO […]
The Proposed Bitcoin Regulation "BitLicense" Could Shut Down Mining And Bitcoin Businesses In The US
NYS Bitcoin Regulation Proposal Could Shut Down Mining And Bitcoin Businesses In The US. The proposal for regulating Bitcoin and other cryptocurrencies called BitLicense could have far-reaching and chilling effects. Not only does the licensing issues affect businesses and invade citizens privacy with overly big brother type burdensome identifications of users, it will also likely shut down Bitcoin and cryptocurrency mining in the US. One of the most respected and best Bitcoin Mining Pools is BTC Guild. It is run by Eleutrhria who hosts the pool in Nevada. They have a shutdown plan in place....