Shutting down Bitcoin is impossible, Ark Investment founder says
Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1-trillion asset earlier this year. While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will be unable to shut down the world’s largest cryptocurrency.Wood said that Bitcoin is “already on its way and it’ll be impossible to shut it down,” Bloomberg reported on Thursday. Global regulators “will be a little more friendly over time” toward cryptocurrencies due to the fear of missing out on opportunities....
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Bitcoin marketplace Brawker announced on Tuesday the company would be shutting down due to insufficient growth. The service was one of the first Bitcoin companies to decentralize their bitcoin buying service and integrate multi-signature bitcoin transactions. The announcement follows on the heels of Brawker's former CEO, Cyril Houri's, departure from the company earlier this month. The Bitcoin marketplace has been in control of the developers behind the company since. "[O]ur growth rate did not meet our expectations, and the service does not scale as we would have expected to," read the....