Jump to content

Carmela Tim

  • Content Count

  • Joined

  • Last visited

  • Time Online

    52m 19s

Community Reputation

11 Good Reputation

About Carmela Tim

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Despite ending the year on a moderate decline, the bitcoin price rose more than 1,200 percent in 2017. This historic march turned many cryptocurrency skeptics into outspoken believers and earned bitcoin a seat on Wall Street futures markets. However, commodities expert Dennis Gartman remains unconvinced. The “Gartman Letter” editor and publisher expressed confidence that the cryptocurrency markets would cool off in the near future, forcing the bitcoin price below $5,000 — a more than 60 percent decline from its present value of $13,570. Source: http://strategiccoin.com/bitcoin-price-will-crash-5000-predicts-commodities-king-gartman/
  2. Catherine Wood, CEO of ARK Investment Management, said that bitcoin is an even “bigger idea,” than Apple, a company that revolutionized the tech industry through its invention of consumer-friendly electronics products. “I know a lot of people say, ‘don’t compare this to Apple,’ which is nearing a trillion dollars, but this is so much bigger an idea than even Apple, which is a pretty big idea,” Wood said in a CNBC interview. Source: http://strategiccoin.com/bitcoin-bigger-idea-apple-says-ark-ceo/
  3. Speaking with The Atlantic, Alabama Securities Commissioner Joseph Borg said that he believes there are significant parallels between the ascendance of bitcoin and the dot-com bubble that occurred at the turn of the millennium. “This is just like the dot-com bubble, tulips in the 1600s, and oil and gas speculation. Things get to be a mania. The retail market gets hits with advertisements and media pitches: You’re going to miss out on the next Microsoft! You’ve got to get in now, because it’s going up and up and up! It’s the same sort of thing that you see in any type of mania. When oil was $4 a gallon, everyone was pitching this new technology to drill old oil wells, that kind of stuff,” he said. Source: http://strategiccoin.com/bitcoin-just-like-the-dot-com-bubble-securities-regulator/
  4. Israel has joined the growing list of countries whose central banks are holding high-level discussions about whether to issue state-backed cryptocurrencies built using some of the technologies that underpin bitcoin. Tentatively named the digital shekel, the project could enter formal development as soon as 2019. Although many people remain skeptical that a decentralized cryptocurrency like bitcoin will ever prove to be a stable currency, few deny that its underlying technologies — the most prominent of which is the blockchain — have the potential to revolutionize mainstream finance. Source: http://strategiccoin.com/digital-shekel-israel-becomes-latest-nation-mull-state-backed-cryptocurrency/
  5. Wells Fargo’s top equity strategist is concerned that bitcoin could drag down the stock market if it enters a severe bear market within the near future. Heading into the new year, it’s clear that 2017 has been a watershed for bitcoin and other cryptoassets, planting them near the center of the mainstream financial conversation. For long-time cryptocurrency advocates, this represents vindication against years of derision and mockery from mainstream analysts. But for entrenched financiers, bitcoin represents a threat to traditional equity markets. Speaking with CNBC’s “Trading Nation,” Wells Fargo’s Christopher Harvey warned that cryptoassets have become so valuable that a cryptocurrency market crash could have a ripple effect on traditional equity markets. Read More: http://strategiccoin.com/bitcoin-crash-spill-stock-market-wells-fargo-strategist/
  6. The bitcoin cash price soared by more than 60 percent to a record level after bitcoin exchange Coinbase added full support for the cryptocurrency on its brokerage and professional trading platforms. The most difficult part of onboarding new users into the cryptocurrency ecosystem is helping them purchase their first cryptocurrency holdings. Bitcoin exchange and brokerage service Coinbase is widely regarded as the most user-friendly way to do this, and the company’s number of registered users has swelled in 2017 along with the bitcoin price. Earlier this month, Coinbase briefly became the top trending application in the iOS App Store, and all three coins supported by the platform — bitcoin, ethereum, and litecoin –have seen their prices surge during that period. Source: http://strategiccoin.com/bitcoin-cash-price-rips-past-4000-after-coinbase-listing/
  7. The chief executive of a prominent cryptocurrency company believes that central banks will begin adding cryptocurrencies such as bitcoin and ethereum to their balance sheet within the next year. Speaking with CNBC, Peter Smith, CEO of cryptocurrency wallet service Blockchain, said that he anticipates that 2018 will be the year that central banks begin adding bitcoin and ethereum to their reserves as a hedge against market volatility. “I think this year will be the first year we start to see central banks start to hold digital currencies as part of their balance sheet,” Smith said. Source: http://strategiccoin.com/this-ceo-thinks-central-banks-will-add-bitcoin-to-balance-sheet-in-2018/
  8. The chief executive of a top U.K. regulatory agency said that he is not impressed by the meteoric rise of the bitcoin price, and he warned cryptocurrency investors that they should be prepared to lose all of their money. Speaking with the BBC, Financial Conduct Authority (FCA) chief Andrew Bailey compared investing in bitcoin to gambling, due to the volatility of the bitcoin price. “If you look at what has happened this year, I would caution people … We know relatively little about what informs the price of bitcoin,” Bailey said. Source: http://strategiccoin.com/be-prepared-to-lose-it-all-u-k-regulator-issues-stark-warning-as-bitcoin-price-surges/
  9. The U.S. government is rushing to sell $10 million worth of bitcoins that it confiscated during an opioid drug operation last year. In December 2016, the Drug Enforcement Administration (DEA) arrested Utah resident Aaron Shamo, 27, an alleged drug kingpin who prosecutors say operated one of the largest dark web drug rings in the country. DEA agents seized Shamo’s assets, which, in addition to two vehicles and $1 million in cash, included approximately 513 bitcoins. At the time, those bitcoins were worth roughly $500,000. Over the ensuing year, the value of those bitcoins — compounded with the value of “crypto dividend” bitcoin cash — has ballooned to $10 million at the current exchange rate. Source: http://strategiccoin.com/u-s-government-to-sell-10-million-in-confiscated-bitcoins/
  10. Online brokerage firm TD Ameritrade announced that it will begin processing bitcoin futures trades for clients a week after their initial launch on Chicago derivatives exchange CBOE. The announcement is significant because, like many high-profile brokerage firms, TD Ameritrade was hesitant to allow their clients to have access to bitcoin futures until the markets proved themselves to be orderly. Consequently, although the first week of trading was a moderate success for an asset class as nascent as cryptocurrency, volumes were less robust than they might have been if investors had full access to the market. CBOE handled about $60 million in daily bitcoin futures trading volume during their debut week, far less than the $8 to $10 billion traded on spot bitcoin exchanges located around the world. Source: http://strategiccoin.com/td-ameritrade-clients-can-now-trade-bitcoin-futures/
  11. Federal Reserve Chair Janet Yellen downplayed the hype surrounding bitcoin during her final press conference on Wednesday. Yellen, who will leave the Fed following the expiration of her term in February, addressed a myriad of topics raised by reporters, including one that few could have predicted when she first took office in 2010: bitcoin. Although bitcoin has been the talk of the financial services sector this year, Yellen downplayed its role in the real economy, calling it a “highly speculative asset” that does not even function well as a store of value. Source: http://strategiccoin.com/highly-speculative-fed-chair-yellen-downplays-bitcoin-hype/
  12. Monday morning, the SEC announced in a press release that the organizers of the Munchee ICO had terminated the token sale in accordance with an SEC order. To comply with the order, Munchee immediately halted the token sale and refunded all investor proceeds. According to the SEC’s cease-and-desist order (PDF), although Munchee had marketed its coin as a utility token, the ICO organizers had marketed it as a security token, even though Munchee had not registered its securities offering with the SEC or followed other applicable securities regulations. Source: http://strategiccoin.com/sec-just-halted-another-ico-means-startups-token-buyers/
  13. The first ethereum futures contracts will likely be trading on a regulated U.S. derivatives exchange within the very near future, providing the second-largest cryptocurrency with its first exposure to the institutional markets. Ethereum Futures on the Horizon The launch of bitcoin futures on U.S. exchanges Cboe and CME is expected to be a watershed event, introducing a wave of liquidity to the bitcoin ecosystem and transforming bitcoin into a mainstream financial instrument and portfolio asset. However, analysts who follow the industry closely believe that the ripple effect of these futures contracts will spill over into the broader cryptoasset markets. Source: http://strategiccoin.com/ethereum-futures-will-launch-sooner-than-you-think/
  14. The global average bitcoin price rose to a new all-time high on Tuesday, briefly crossing the $12,000 threshold. The rally raised bitcoin’s market cap above $200 billion, making it not only the most valuable cryptocurrency but also the world’s 22nd-largest circulating currency. Bitcoin reached the $12,000 milestone less than a week after surpassing $11,000, and the bitcoin price has now doubled since November 12, when it briefly dipped below the $6,000 mark. At present, bitcoin has a market cap of $201 billion, making it four-and-a-half times larger than ethereum, the second-largest cryptocurrency. Source: http://strategiccoin.com/bitcoin-price-now-has-the-worlds-22nd-largest-liquid-money-supply/
  15. Until now, the Winklevoss twins have been best known for suing Facebook founder Mark Zuckerberg, claiming that he stole their idea to create a social networking website while they were all students at Harvard. The brothers received $65 million as a result of that suit, but what they did next will likely ensure that they are remembered for something far more distinctive. In 2013, the brothers took $11 million of the funds from that settlement and invested in bitcoin — at just $120 per coin. This investment garnered them nearly 1 percent of all bitcoins that were in circulation at that time. Source: http://strategiccoin.com/meet-the-worlds-first-bitcoin-billionaires/

Cryptocurrenytalk Logo


News, information, and discussions about cryptocurrencies, blockchains, technology, and events. Blockchaintalk is your source for advice on what to mine, technical details, new launch announcements, and advice from trusted members of the community. Cryptocurrencytalk is your source for everything crypto. We love discussing the world of cryptocurrencies.



Important Information

By using CRYPTOCURRENCYTALK.COM, you agree to our Terms of Use.