Blockchain Will Diminish Power of Tech Giants Like Google

Executive Director of Hyperledger Brian Behlendorf said he expects blockchain technology to curb the power of Silicon Valley’s major technology companies, Cointelegraph auf Deutsch reported today, June 6. In an interview with Swiss business newspaper Handelszeitung, Behlendorf said that the coming wave of technology “will not be shaped by Silicon Valley,” adding that too many companies in Silicon Valley want to be the center of the world and “have a blind spot when it comes to blockchain.” Behlendorf stated: “Tech giants such as Google , Amazon or Facebook will undoubtedly…

Crypto Bears and Crypto Bulls

Crypto bears and crypto bulls – we know ’em, we love ’em, well, some of them at least. Shots have been fired in both directions, and the battle lines have been drawn. Who will come out on top? This is crypto bears vs. crypto bulls. Crypto Bears and Crypto Bulls First, what is a crypto bear or a crypto bull? These are some of cryptocurrencies’ base terms that you’ve no doubt seen getting thrown around on the market. At their simplest, a crypto bear is a downer on cryptocurrencies, and…

Bitcoin Buying on the Rise Again in Venezuela

Venezuelans’ interest in buying Bitcoin has increased significantly over the last three months, Criptonoticias news outlet reports Wednesday, June 6, citing data from the LocalBitcoins exchange. Venezuela experienced its first cryptocurrency boom in early 2017, when a record volume of 805 bitcoins exchanged in a week was set. Venezuelan bolivar to Bitcoin exchange volume. Source: LocalBitcoins Following that, the level of interest towards crypto in Venezuela dropped, coinciding with a decline in trading volume to as low as 150 bitcoins bought per week. However, according to Criptonoticias, in early-to-mid 2018,…

US Regulator Rejects FOIA Request Concerning Bitfinex, Tether Subpoenas

The US Commodity Futures Trading Commission (CFTC) has refused a Freedom of Information Act (FOIA) for a release of the subpoenas allegedly issued last year to cryptocurrency exchange Bitfinex and token issuer Tether, Coindesk reports Wednesday, June 6. Bitfinex and Tether share a CEO, Jan Ludovicus van der Velde, and the two entities had created controversy last fall over alleged price manipulation of Tether. The two companies reportedly received subpoenas from US regulators on Dec 6, 2017, with the impetus for the subpoenas still unclear. Tether has also since been…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 06

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. Google Trends shows that web searches for the word “Bitcoin” have plunged about 75 percent in 2018 so far. This shows that most people looking to make a quick buck have lost interest in the cryptocurrency. While this is bad news for momentum…

Circle Seeks Banking License, Trading Venue Registration to Expand Crypto Services

Peer-to-peer payments platform Circle Internet Financial Ltd., is pursuing both a federal banking license with the Office of the Comptroller of the Currency (OCC) and registration as a brokerage and trading venue with the US Securities and Exchange Commission (SEC). The news comes from a Bloomberg report today, June 6. Robert Bench, COO of Circle — which was partly funded in an investment round by Goldman Sachs — told Bloomberg that obtaining a banking license would cut down on the amount of regulators the platform needed to work with: “You’re…

SEC Chairman Jay Clayton On Cryptocurrencies And Investing | CNBC

SEC Chairman Jay Clayton speaks exclusively with CNBC’s Bob Pisani about the state of investing, the future cryptocurrencies, the IPO market and cybersecurity. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC Follow…

Husband of Bollywood Star Questioned About $300 Mln Crypto Scam Involvement, Denies Allegations

Raj Kundra, a British businessman and spouse of Bollywood star Shilpa Shetty, was questioned by Indian law enforcement (ED) in connection with Amit Bhardwaj’s alleged cryptocurrency ponzi scheme, Quartz India reports Wednesday, June 6. Amit Bhardwaj and his brother, Vivek Bhardwaj had been arrested in India on April 4 on the charges of scamming about 8,000 investors out of around $300 mln through their GainBitcoin investment scheme. The platform guaranteed 10 percent monthly returns, a claim not realized by investors, and issued its own MCAP token in an Initial Coin…

SEC Chairman Jay Clayton: Cryptocurrencies Like Bitcoin Are Not Securities | CNBC

SEC Chairman Jay Clayton speaks with CNBC’s Bob Pisani about what he sees for the future of blockchain, cryptocurrencies and initial coin offerings (ICO). » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News on Google+: http://cnb.cx/PlusCNBC…