‘Dr. Doom’ Slams Cryptocurrencies, Says ‘Talk Of Decentralization Is Bulls**t’

Economist Nouriel Roubini sharply criticized cryptocurrencies on a panel at the Milken Institute Global Conference yesterday, Bloomberg reported May 2. Roubini said that “all this talk of decentralization is just bulls**t.” Panelist Bill Barhydt, who has worked on cryptography for the CIA , responded,“I don’t even know where to begin.” Roubini has become known in some circles as “Dr. Doom” for his canny prediction of the 2008 Financial crisis. He proceeded to censure cryptocurrencies, arguing that digital coins are not a store of value, and face scalability issues in comparison…

Arizona’s Cryptocurrency Tax Bill Sees Rollback On Crypto Acceptance

The Arizona House of Representatives passed Senate Bill 1091, a tax bill that would allow citizens to pay their taxes using cryptocurrencies, according to public records May 2. Following the recent vote however, this initiative has been stymied with amendments. The mandate targeted at the Department of Revenue of Arizona would have opened the door to accepting digital currency as a payment method for taxes. The bill, which passed the Arizona State Senate on Feb. 8, would allow residents of Arizona to pay their state taxes with digital currency. The…

Bacoin Ad Campaign | Oscar Mayer Slapped with Cease and Desist

Bacoin: A few days ago, a cringe-worthy cryptocurrency ad campaign was launched by Oscar Mayer. It was pretty horrendous, and while most of the world tries to forget what they’ve seen, a man named Kirk Steele announced he is putting his foot down on the matter. Steele isn’t taking a stand because he found the ad campaign to be in poor taste, however. It’s much more than that.  The Bacoin Campaign Scandal  Oscar Mayer, a meat and cold cut company, recently launched an advertisement that was inspired by cryptocurrency. The aim was to…

Cryptocurrency Market Resumes Uptrend | It’s Too Big to Ignore

Cryptocurrency markets are extending gains that they generated in the last 36 hours. Bulls believe that Cryptocurrencies are the future of finance and speculations regarding the entrance of institutional investors into crypto markets encourage trader’s sentiments. The market analysts are also seeing strong buying opportunities in crypto space albeit the rally of 33% last month. Bitcoin trades in the range of $9,400 today, while altcoins are making small sideways moves – with exception to few coins such as Bitcoin Cash (BCH), Cardano (ADA), IOTA (MIOTA) and Stellar (XLM). The CEO…

2018 Mining Outlook By The Numbers

Bitcoin (BTC) mining may well be the lifeblood of the cryptocurrency but the industry is in a constant state of flux for a number of reasons. 2017 was a banner year for cryptocurrencies in general, but Bitcoin was the standout as it soared to an all-time high of $20,000 in December. As it gripped people around the world, the demand for Bitcoin saw the price of the currency surge higher and higher. This made mining a lucrative business. As new users flooded the market looking to buy Bitcoin, demand skyrocketed…

Russian Crypto Blogger Found Dead In Petersburg Apartment

The Russian cryptocurrency investor and blogger known online as Pavel Nyashin has been found dead in his Petersburg apartment, according to local media. The 23-year old was previously assaulted in his country residence in Leningrad Oblast in January, when masked assailants stole 24 mln rubles ($425,000) in cash, after Nyashin had boasted of his crypto-derived wealth online. Following the attack, Nyashin decided to move in with his mother in an apartment in the eastern suburbs of St. Petersburg, where he was found dead today, reportedly without signs of outside intervention.…

FTC to Host Workshop | Time to Educate the Masses on Crypto Scams

Crypto scams go hand in hand with the cryptocurrency market. In fact, as the interest in the crypto market increases so do the number of crypto scams. It’s a growing problem, but that doesn’t mean people aren’t working towards solving it. The Winklevoss twins are trying, as is Martin Lewis – a British journalist who filed a lawsuit against Facebook for allowing his name to be used in crypto scams on the platform. Crypto Scams – The FTC Wants to Educate People Earlier this week, the US Federal Trade Commission…

Daily Volatility Decline? Bitcoin Has Seen $1K Range 43 Times In 2018

Bitcoin is famous (or infamous) for its daily price jumps and falls, but lately the charts seem to be bordering on the comatose. So, has the cryptocurrency’s volatility really dropped or are we in business as usual? We crunched the numbers to find out, and while things have been calm of late, it certainly hasn’t been a quiet 2018 for the world’s oldest and largest cryptocurrency. In fact, bitcoin (BTC) has witnessed daily volatility (or an inter-day trading range) above $1,000 as many as 43 times so far this year…

How To Diversify Away Risk In A Crypto Portfolio: Correlation And Variance

Disclaimer: This article does not contain investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision. Observations of the crypto market give impression that “when Bitcoin sneezes, the cryptocurrency market catches a cold”, – in traditional stock markets this would not be the case. Although there are public companies whose stock movements have strong correlations due to those doing similar work in the same industry – oil companies, for example – investors are still capable of diversifying away risk…

Crypto Markets Keep Experiencing Mainly Green After Last Week’s Market Corrections

Thursday, May 3: after a week of some small dips and small growth, the crypto market is firmly back in the green, with Bitcoin (BTC) and Ethereum (ETH) back over the psychological price points of $9,000 and $700 respectively today, May 3. BTC is currently trading around $9,336, up around 1.5 percent over a 24 hour period by press time. ETH is up around 9 percent over a 24 hour period by press time, trading around $742. ETH’s jump back over $700 comes despite the news that the US regulators…