Anthony Pompliano Says it Only Took Bitcoin 10 Years to Get to the G7

The G7 is meeting next week to explore the regulations around Bitcoin and other cryptocurrencies. Unsurprisingly, Anthony Pompliano is not worried. G7 to Discuss Bitcoin Next week, the G7 is scheduled and this time the leaders of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States will set aside some time to discuss Bitcoin and digital currencies at length.  Previously, the group had discussed the need for oversight and regulation within the nascent sector, but the final result amounted to each country developing their own regulatory frameworks…

Big Upcoming Dates For Bitcoin’s Diary That You Need to Know

Bitcoin has several big dates in the next couple of months which should be of interest to anyone with a stake in the network. Depending on how these pan out, we could well see renewed confidence and uptake, as well as another bull run. So what are we waiting for? 23 September – Bakkt Bitcoin Futures Launch We learnt last week that after a regulatory quest which seemed to go on forever, Bakkt will finally launch its physically delivered Bitcoin futures product on 23rd September. Back in May, the company…

Study Suggests Scarcity Could Drive Bitcoin Price to $60,000 by May 2020

Bitcoin price predictions have been coming thick and fast in recent months as the world’s top digital asset recovers from an almost year-long bear market. Some are just pie in the sky, but others have delved deeper into what could drive BTC prices to a new all-time high in the months ahead. Scarcity Will Increase Demand For Bitcoin Crypto focused research firm, Digital Asset Research, has recently released a new bitcoin price prediction model. It makes the bold claim that, based on the premise of scarcity, bitcoin’s price will reach…

Cryptopia Liquidation: Hacked Bitcoin Exchange Didn’t Use Individual Customer Wallets

Grant Thornton, the liquidators of hacked New Zealand Bitcoin exchange Cryptopia, have released an update on the progress made thus far. Cryptopia Used Co-mingled Crypto Wallets According to a statement released on its website on Wednesday (August 21, 2019), Cryptopia didn’t use individual crypto wallets. Instead, the Bitcoin exchange platform pooled customer funds into co-mingled coin wallets. Thus, the liquidators are facing a difficult time determining the amounts held by customers. Furthermore, Grant Thornton says it has to manually reconcile pooled wallet data with customer data information. An excerpt from…

Another Slump For Bitcoin As Bear Market Indicators Loom

Bitcoin’s range bound pumps and dumps have become commonplace over the past six weeks. Another slide a few hours ago should not be cause for alarm then as BTC failed to register further gains. It is now in danger of heading back into four figures for the fifth time. Four Figure Bitcoin in Play … Again Another day, another dump. It is a pattern we have seen countless times this year as bitcoin bounces between levels of support and resistance. Yesterday’s high of $10,840 could not be maintained and there…

World Bank Raises Additional AUD $50M Via Blockchain Bond

Blockchain proves once again that it is a must-have technology for financial institutions at all levels. Last week, the World Bank raised an additional AUD 50 million ($33.8 million) through its blockchain-based Kangaroo bond, called bond-i. Bond-i Sale Co-Managed by CBA, RBC, and TD The bond tap, i.e. the reopening of the bond initially issued in August 2018, was fully handled on the distributed ledger technology (DLT). Thus, the World Bank’s debt instrument became the first bond issued, allocated, sold, and managed on blockchain. The bond was sold via the…

POTUS Candidate Yang Wants Blockchain Voting Despite Security Flaws

Blockchain voting is an essential upgrade to US elections, 2020 presidential candidate Andrew Yang has said. Yang: Standing In Line To Vote ‘Ridiculous’ Currently causing a buzz on social media, Yang’s proposal would see traditional in-person voting replaced by a Blockchain alternative. It forms the latest in a series of policy stances for the Democrat, who has to date raised $3.5 million for his bid to enter the White House.  In addition to Blockchain, Yang has championed cryptocurrency itself, promising to create transparent national legal frameworks to address the patchwork…

Facebook Faces Fresh EU Scrutiny As WhatsApp Edges Closer To Mobile Payments

The European Union is actively probing Facebook’s Libra digital currency project for competition law violations, mainstream media report. Facebook’s Libra Has ‘Potential Anti-Competitive Behavior’ According to Bloomberg, which cited official correspondence August 20, the European Commission is quizzing Libra participants via a dedicated questionnaire. The document originally appeared earlier this month, and forms Libra’s latest scrutiny by international regulators. The focus of the enquiries is “investigating potential anti-competitive behavior,” Bloomberg quoted officials are stating. In particular, it is Facebook’s spin-off in charge of administering Libra, the Libra Association, which now…