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Goldman Sachs CEO: It’s ‘Arrogant’ to Think Cryptocurrency Won’t be Successful

Advertisement Lloyd Blankfein, the CEO of Goldman Sachs, one of the biggest investment banks in the global finance sector valued at $87 billion, has criticized skeptics that believe Bitcoin and cryptocurrency do not have a future. Open-Minded and Forward Thinking Since early 2017, Blankfein has stated that he is not yet convinced the cryptocurrency market […]

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South Korean Gov’t to Invest Over $200 Mln in Public, Private Blockchain Initiatives

South Korea’s Ministry of Science and ICT has announced a major Blockchain Technology Development Strategy that aims to raise 230 bln won (~$207 mln) by 2022, The News Asia reports today, June 21. According to the Ministry’s official announcement, the new initiative will foster 10,000 blockchain industry professionals and 100 companies, and will expand and […]

Masternodes

Monkey Project (MONK) Stats Live

Today Monkey Project (MONK) stats have gone live for all to view. These stats are 100% accurate. Users can now see their ROI as well as additional details in the stats. Monkey Project is specifically designed to make staking easy for everyone, without having to worry about advanced features. All that is needed in order […]

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Bitcoin: The Days of Future Past Explained

The Wall Street Journal ran an op-ed yesterday examining the future of Bitcoin by drawing parallels to private currencies in the past in order to try and make sense of the current cryptocurrency market.Everything Old is New AgainThe piece begins with the statement that for “most of its 10-year history, the digital currency bitcoin has […]

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Korea to Hasten Cryptocurrency Regulation After Hack of Country’s Biggest Exchange

Advertisement The government of South Korea has already announced that it will regulate cryptocurrency exchanges like banks, with stricter regulations. The recent Bithumb hack will fasten the process of implementing the country’s first cryptocurrency regulatory framework. Investors Shocked Previously, on June 11, CCN reported that after months of discussion, the government of South Korea and […]

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A British Crypto Exchange Is Launching Litecoin Futures Trading

U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product. According to an announcement on Wednesday, the new U.S. dollar-denominated service will go live on Friday, June 22, and will allow investors to long or short futures contracts that have litecoin as the underlying collateral, with weekly, monthly and quarterly maturities. Timo […]

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Why Central Banks Are Really Fearful of Bitcoin

Central banks have no love lost for Bitcoin and cryptocurrencies. Even though some positive things are happening, the overall sentiment remains predictably rather negative. The validity of cryptocurrencies and their decentralized technologies are still in question, especially by banks. It isn’t the first time central banks feel the need for Bitcoin to have a central […]