While attention is currently focused on the threat that Bitmain’s crypto-mining ASIC chips pose to the security and prices of cryptocurrencies – particularly ether (ETH) and bitcoin (BTC) – an even bigger threat looms not far on the horizon: quantum computers.
Rarely do we hear sanguine comments from the SEC in regards to cryptocurrencies, so to hear a commissioner say “I am wary of any blanket designation for all ICOs” as securities is something of a revelation.
The Federal Reserve of San Francisco in its report published on Tuesday argues bitcoin’s price peak and crash coinciding with the introduction of bitcoin futures is no coincidence, and parallels it with the rise and collapse of the home financing market in the 2000s.
After the much-anticipated and widely-disseminated story that US regulators were to convene on Monday to decide Ethereum’s future as either a security or a utility token the price of ether has been on an steep ride which ended Monday when the meeting transpired to be fake news.
The decline of the Argentine peso continues, down about 8 percent against the dollar this week alone. After two rate hikes and the world’s highest interest rate didn’t stem the bleed there was an uptick in interest in bitcoin among Argentinians.
Hold onto your pants, Ethereum is sharding; Casper is emerging; Plasma is coming and ASIC is looming. Here’s the backstory to Ethereum’s spectrum of colorful characters that will shape its future.
A Reuters report just published reveals that one in five financial institutions is considering trading cryptocurrencies in the next 12 months and 70 percent of those are looking to trade in the next three to six months.
The sharpest rise in Bitcoin Cash the past week coincided with the announcement on Twitter by one of the currency’s miners, Bitmain’s Antpool, that it was burning 12 percent of the coins it earned through mining.