Texas Issues Cease-And-Desist To BTC ‘Investment Company’ Promised 100% Profit In 21 Days

The Texas State Security Board (TSSB) issued a cease-and-desist order May 8 to a Bitcoin investment company that reportedly offers unregistered securities and makes deceiving statements that mislead investors. An official notice was issued to Forex EA & Bitcoin Investment LLC, represented by two individuals, James Butcher and Richard Dunn. The TSSB, according to the order, alleges that the company is involved in “fraud in connection with the offer of investments in the forex and Bitcoin trading program” and “materially misleading and deceptive practices.” The order says: “Respondent Forex EA…

Ukrainian Securities Regulator To Consider Crypto As Financial Instrument

The Ukrainian National Securities and Stock Market Commission (SSMCS) will consider recognizing cryptocurrencies as a financial instrument, according to an announcement May 8. The head of the commission, Timur Khromaev, made the announcement in a Facebook post following the annual conference of the International Organization of Securities Commissions (IOSCO) on crypto and Initial Coin Offerings (ICOs). According to Khromaev, the crypto industry has developed significantly over the last three years, causing the crypto market to become an “integral part of economic and financial relations.” The SSMCS commissioner highlighted the necessity…

Bitcoin Price Decline Driven by Q4 Futures Launch: Federal Reserve

Join our community of 10 000 traders on Hacked.com for just $39 per month. Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San Francisco — claim in a research paper that the rapid rise and subsequent decline in the bitcoin price is consistent with trading behavior that accompanies the…

Ripple (XRPUSD) Technical Analysis: May 9, 2018

Unlike Litecoin, Ripple is still in the top five. This is happening despite shedding four percent in the last 24 hours and three percent in the last week. Overly, we remain bullish of Ripple more so if we see substantial gains past $1 in consequent sessions. If not, failure means possible liquidation to previous support lines with 45 cents a likely support level. From the News Whether it is a desperate attempt to thrash Ripple or not, most people don’t have kind words for Martin Walker following his Digital Currency…

Ex-Goldman Sachs President Says Global Cryptocurrency Will Come, But It’s Not Bitcoin

Gary Cohn, former Goldman Sachs President as well as former chief economic advisor to US President Donald Trump, believes that there will a global cryptocurrency in the future, but it will be a coin “more easily understood” than Bitcoin (BTC), CNBC reports May 8. Cohn told CNBC that he thinks there will be a “global cryptocurrency at some point where the world understands it and it’s not based on mining costs or cost of electricity or things like that.” Bitcoin mining relies on miners’ computers to solve hashes in order…

Warren Buffett Criticism | Bulls Response to Warren Buffett is Surprising!

Warren Buffett criticism: Warren Buffett, the legendary investor, has frequently been criticizing the cryptocurrency markets. The chairman of Berkshire Hathaway doesn’t have any enthusiasm in the emerging market. He believes cryptocurrencies are neither an asset nor a currency. And thus, he thinks it shares similarities more towards gambling and not investing.     The major reason for his rejection lies behind the concept of fair value. Stock market investors always prefer to gauge the fair value of the asset before placing any investment.    During the annual shareholder meeting of Berkshire…

Tom Lee Predicts an Increase in BTC Prices

The rising popularity of bitcoin in recent days does not seem to be subsiding. According to Tom Lee, CEO of Fundstrat, Bitcoin could boost its bullish behavior thanks to the annual “Consensus Summit” conference. According to an article published by Bloomberg, an analysis conducted by the firm concluded that after each conference, confidence in the crypto market increases considerably. The NY Consensus Summit is an initiative of particular importance to the world of crypto money and blockchain technology companies. But beyond that, the event has made a name for itself,…

Why We Shouldn’t Listen To Warren Buffet: Expert Take

In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation, and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please email your ideas and CV to george@cointelegraph.com. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. This article does not contain investment advice…

Warren Buffett and Bill Gates

The bull-run in cryptocurrency market has ended after Warren Buffett and Bill Gates completely rejected cryptocurrency in a show on CNBC. The world’s wealthiest investors and business icons are showing their concerns over the significant growth in Bitcoin (BTC) and other digital currency prices. They have announced that they will never invest in the cryptocurrency markets despite the increasing adaptations for it from Central Banks and global regulators. Bears say both investors have raised genuine questions. Warren Buffett and Bill Gates are claiming that the cryptocurrency markets are colliding with…

Banks and Blockchain: Wait-and-See Approach or FOMO?

One of the first major waves of Bitcoin and cryptocurrency adoption was when Wall Street players began looking into Bitcoin as a speculative asset with the promise of massive gains. It split the community as some embraced it, while others shunned it. Now however, banking and cryptocurrencies, especially the blockchain aspect of the digital currency, has attracted newcomers. Banks such as Goldman Sachs have gone from ignoring the technology to hiring a crypto trader as head of digital assets. Even JP Morgan, who is headed by one of the biggest…