Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000. The CNBC channel has been increasingly involved in cryptocurrency reporting over the past few months. On Jan. 8, the cable network aired a step-by-step tutorial on how to buy Ripple using the Poloniex exchange as a platform for the purchase. Host Brian Kelly demonstrated the entire process live on the channel. In December 2017, an issue of CNBC’s Fast Money mentioned Bitcoin Cash both …
Then asked if he thought Bitcoin was in fact a bubble, Chief Strategist of investment giant Charles Schwab, Jeffrey Kleintop, focused on Bitcoin’s uniqueness in the global economy. In an interview with Business Insider today, Kleintop said Bitcoin was “kind of its own thing” and hard to predict due to its “independence.” Bitcoin has defied recent doom-mongering from mainstream news and investment sources, already starting to reverse losses seen last week when prices fell from to under $13,000. Less than a week before the correction, Bitcoin hit over $20,000 a coin. Despite bubble-like behavior remaining a common narrative among analysts …
Canadian social messaging platform Kik has unveiled full details of its ICO, which it “expects to raise $125 mln.” Coinciding with the closure of a pre-ICO to its investors worth $50 mln, Kik Interactive founder Ted Livingston says integration of its Kin token will constitute “the first mainstream adoption of cryptocurrency.” “Kin will fuel new experiences in communications, information and commerce inside of Kik, and will also serve as a foundation for a new decentralized ecosystem of digital services, bringing a fair and sustainable business model to the market,” he added in a press release issued Tuesday. "Despite being relatively …
In March, the Securities and Exchange Commission (SEC) issued its eagerly awaited ruling on the Winklevoss Bitcoin ETF proposal: denied. Finance and media pundits and immediately declared that Bitcoin wasn’t ready for the mainstream, and Bitcoin's price quickly dropped. But then something strange happened: shortly after the reject, the price of Bitcoin began soaring, from around $1,100 at the time of the ETF decision to $3,430 today. Along the way, something even stranger happened. A different regulator, the Commodities Futures Trading Commission (CFTC), approved LedgerX’s proposal to launch a regulated Bitcoin futures market. Who are these regulators, and why are …