Co-founder and managing partner at Electric Capital, Avichal Garg, is convinced the only way for the U.S. to catch up with China in the digital currency war is by embracing privacy-focused cryptocurrency. According to Garg, the Chinese are already far ahead of the U.S. in the digital currency race – their DCEP, or Digital Currency Electronic Payment, is due to launch by the end of the year. That is why developing a US digital dollar might not be enough to compete, given the long time it will take to develop it. “The Chinese system [...] is going to be out …
This past summer, a Switzerland-based blockchain investment company called CV VC, and a Swiss audit and advisory firm known as PwC, in collaboration with Cointelegraph, put together an in-depth report on the top blockchain companies and what they are up to in their distinct sectors. The report lists eight separate categories. Cointelegraph hosted a previous panel on Sept. 9 discussing blockchain’s impact on the art industry — the first category on the list. Moving down that list, Cointelegraph hosted a second live panel on YouTube on Sept. 22, talking about brokers and banks involvement in the crypto and blockchain space …
Mike McGlone, Senior Commodity Strategist at Bloomberg, is convinced Bitcoin will continue to appreciate thanks to its fixed supply coupled with increasing demand. “I don't see what [could] make it stop doing what [it’s] been doing for the last 10 years. And that's going up”, he told Cointelegraph in a recent interview. McGlone sees Bitcoin’s capped supply as the main feature. He said that this potentially makes it a better store of value than gold, the total amount of which is unknown. Given the fixed supply, Bitcoin is going to appreciate as demand for it increases. McGlone points at the …
Dan Morehead, CEO and founder at investment firm Pantera Capital, is convinced that DeFi will outperform Bitcoin in the next five years. In a recent interview with Cointelegraph, Morehead pointed out that despite the poor performance of Pantera’s altcoin funds in 2019, the situation has flipped in the last few months due to the explosive growth of decentralized finance protocols and tokens. At the end of August, Pantera’s digital assets fund was up 123% year to date. "The world has woken up to DeFi and capital has flowed into the space", he said. According to the fund manager, Bitcoin has …
According to Max Keiser, host of popular RT show the Keiser Report, it is only a matter of time before Warren Buffett’s Berkshire Hathaway will invest in Bitcoin (BTC). Not long ago, Buffett sold most of his positions in major banks and bought shares in Barrick Gold — a large gold mining company. For Keiser, this represents a U-turn in Buffett’s investing strategy: “This will be the beginning of a huge transition out of financials, which he dumped recently into gold. And then, therefore, he, or whoever takes his place, will soon be moving into Bitcoin.” After years of bashing …
Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation. How strong are these correlations and how are they changing the way that users trade crypto in general? Veteran traders Scott Melker and Michaël van de Poppe will be discussing how to correctly read traditional markets to trade Bitcoin in this week’s episode of Crypto Markets Live. As usual, viewers will be able to interact with our guests by submitting questions to the chat. The Crypto Market Show Live is hosted every Thursday by Cointelegraph. It brings together the best …
A new video takes viewers through German financial technology company Wirecard’s journey from being one of the top businesses in the world to one who’s shares plummeted by more than 98% before filing for insolvency. In an Aug. 6 video posted to YouTube by ColdFusion, Australian host Dagogo Altraide retells the story of how the Wirecard scandal began when auditors were unable to locate more than $2 billion that was supposed to be sitting in the FinTech firm’s Philippines-based accounts. The Wirecard board later admitted that the funds likely did not exist. “This was a tale of liars, accounting manipulation, …
Ari Paul, co-founder and CIO of crypto hedge fund BlockTower Capital, believes Bitcoin’s (BTC) next parabolic move will soon be triggered by hyperinflation caused by the monetary policies of central banks. According to Paul, the Federal Reserve will eventually need to devalue the dollar as a means to pay its increasingly high sovereign debt. In that scenario, according to Paul, we’ll enter a period of hyperinflation similar to the Great Inflation of the 1970s. During such an event, investors could move their wealth away from dollars and Treasury bonds into inflation-resistant assets. “If we have a return to something like …
Elena Tonoyan, the COO at LocalBitcoins, explains how the oldest peer-to-peer Bitcoin exchange has been stepping up the fight against criminal activities on the platform. As of 2019, LocalBitcoins has been cited as the exchange receiving the most criminal funds for three years in a row, according to a report by CypherTrace. The results for 2020 will be much different, assures Tonoyan, referring to the stringent KYC/AML procedure adopted by the exchange in September last year. Results already appear to be visible. Citing recent data, Tonoyan claims that volumes sent to dark markets have already dropped by 70%. When asked …
Earlier this week the VeChain Foundation announced the winners of its second VeChain Community Video Contest. Celebrating the second anniversary of the launch of the VeChainThor mainnet, the contest attracted a high standard of entries with its total prize fund of 3 million VET ($54,000). Cointelegraph decided to cast a critical eye over the ten finalists and eventual winners. A community of professional filmmakers? The first thing that immediately strikes you is the overall quality level. I mean, sure, these are the top ten hand-picked finalists, and perhaps the judges had to sift through a whole bunch of dross in …
No two traders trade the same. But what does it take to develop a unique trading style? How large is the leap from amateur trader to skilled, strategical professional? 45-year trading veteran Peter Brandt and YouTube trader Joe Saz join this week’s Crypto Markets Live to retrace their trading journeys and explain how to find an individualized trading method. They will also discuss current crypto market price action and yesterday’s Bitcoin scam, which took over some of highest profile celebrity accounts on Twitter. During the show, don’t forget to write any questions you might have in the chat. We’ll pick …
This live stream has now ended. A large-scale Twitter attack has taken over the accounts of some of the most powerful verified accounts in the world including: Joe Biden, Elon Musk, George Wallace, Bill Gates, Kanye West, Kim Kardashian, Wiz Khalifa, Warren Buffett, Mike Bloomberg, Barack Obama, and Jeff Bezos. Business accounts from Uber, Twitter Support, Coindesk and many others were likewise affected. The accounts are running a Bitcoin ‘giveaway’ scam and have so far conned Twitter users out of 12.8 BTC, or roughly $118,000. Join us as Cointelegraph hosts Jackson and Giovanni discuss the hack with industry experts as …