Bitcoin News
By Steven Anderson
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Bitcoin is claimed to be a payment mechanism which will change the way payments are made, eventually influencing economics and even politics.
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Coinbase now officially owns Xapo, the cryptocurrency custody business. Coinbase outbid Fidelity in winning the bid.
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BitGo stated in its blog post, "The clients calling us are concerned about the safety of their digital assets.
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Keeping custody of customer’s crypto assets is becoming a big business, and giants are competing among themselves to scoop their stakes in this business.
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Brian Armstrong opines, "The institutional space for crypto is going through a period of incredible growth. Many still don't realize it.
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In reality, a very practical unlock will happen only when the regulators' issue guidance, which is clear concerning cryptocurrency.
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Davis Polk stated that Robert A. Cohen will be a member of White Collar Criminal Defense and Government Investigations Group. By virtue of this membership, Robert A.
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Neil MacBride, co-chair, stated, “Rob’s enforcement actions ranged from securities fraud to insider trading to market manipulation to cybersecurity, all areas of importance to…
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Of note, Cohen was previously pursuing actions against ICOs, being the cyber unit head in SEC.
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There are now more than 18,000 Bitcoin millionaires. Bitcoin has a market cap of 70% of the total cryptocurrency market volume.
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Max Keiser, the Bitcoin investor, stated, "Price follows hash rate and hash rate chart continues its 9 yr bull market."
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Bitcoin halving is approaching in May 2020. Bitcoin is becoming an unlikely haven. However, not all are of a similar opinion.
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Evan Quo stated, "There have been almost ten years of data to suggest that the coin has no risk exposure to precious metals, commodities, equities, currencies and so on.”
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