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The SEC Will Not Ban Crypto, That Would Be Up To Congress, Says Gary Gensler

The Securities and Exchange Commission’s Chairman, Gary Gensler, told Congress that the SEC will not ban cryptocurrencies. This is a huge relief, even though Gensler then said “that would be up to Congress.” The SEC Chairman is in the middle of quite a press tour, spreading his opinions on crypto around. Those had a lot of people worried, but today Gensler specifically said an outright ban isn’t on the cards. Related Reading | SEC’s Gary Gensler Crumbles When Asked If Ethereum Is A Security SEC Chair: No interest in a

Family That Went “All-In” On Bitcoin At $900 Stores Fortune On Four Continents

Meet “The Bitcoin Family” that lives a decentralized nomad life solely on Bitcoin. 43-year-old Didi Taihuttu has a  wife and three kids. They are known as the family that liquidated all their assets in 2017 to buy Bitcoin back when it was trading at around $900. Taihuttu is a true example of a Bitcoin enthusiast. According to him on his website, after losing his mother, and later his father, he “started reflecting life more and more and discovered that the life I was living was not the life I wanted to

Elon Musk and Mark Cuban See Dogecoin as the ‘Strongest’ Cryptocurrency for Payments

Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the “strongest” cryptocurrency when it comes to using it as a means of payment. To promote the use of dogecoin further, the NBA team Dallas Mavericks will be offering “special pricing for those who pay with dogecoin.” Elon Musk Agrees With Mark Cuban That Dogecoin Is the ‘Strongest’ Medium-of-Exchange Crypto Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed their belief that the meme cryptocurrency dogecoin

Didi Taihuttu Discusses Hiding His Cold Storage Wallets After Selling Everything for Bitcoin 3 Years Ago

Over three years ago, a Netherlands native made headlines when he told the world he and his minimalist family sold everything for bitcoin. At that time, Didi Taihuttu and his family sold their home, valuables, and vehicles in order to accumulate the digital asset. Taihuttu recently discussed how things have been after three years, explaining that 74% of his crypto holdings are currently held in cold storage. Taihuttu Family Keeps Six Cold Storage Stashes Hidden Across Several Nations Didi Taihuttu and his family are doing quite well in 2021 living

Nexo Chief: Bitcoin Boomers Flock to Semi-Centralized Finance Platforms

In 2020, crypto assets have outperformed gold and equities. Stocks have seen a lot of volatility leading up to the 2020 US presidential election. Antoni Trenchev, CEO of the Nexo online lending/borrowing platform, explained why Ethereum and other assets are on the rise. In part, the crypto space is seeing a rocketing interest among baby boomers. Start With Bitcoin Trenchev sat down with Bloomberg TV to share his thoughts on the huge surge in crypto-asset prices. He believes the DeFi craze has powered the market. The Bulgarian told Bloomberg that

Peter Schiff Claims Bitcoin Is Back in a Bear Market

Gold bug Peter Schiff believes that bitcoin’s recent fall signals the start of a new bear market. In response to a tweet by Gemini Co-Founder Tyler Winklevoss, Schiff, who is the CEO of Euro Pacific Capital, credited bitcoin’s surge over the past two months to a spillover effect from gold and a fortuitous television ad campaign. In July, Schiff tweeted that he expected bitcoin to fall below its $9,000 resistance point and “crash” while gold would simultaneously surge. Now, as one Twitter follower noted, Schiff is moving the goalpost, saying

Economy Begins to Bounce Back as Unemployment Falls

August unemployment fell to under 10% for the first time since the spike at the beginning of the COVID crisis. The current rate of 8.4% could be a signal that the economic recovery is well on its way. Source: US Department of Labor The Labor Department statistics exceeded market expectations, which hovered at just under 10%. Stock markets initially responded positively but later retreated. The Dow Jones, S&P 500, and Nasdaq all saw losses as Sept. 4th’s trading closed lower overall. Banks and travel closed broadly higher, while tech stocks

Apple stock market cap shows just how small crypto still is

While the crypto space has seen tremendous growth over the past decade, the asset class still holds a tiny amount of value compared to mainstream markets, especially when pitted against giants such as Apple. Apple stock (AAPL) holds a staggering $2 trillion market cap, dwarfing all the speculative capital held within the entire crypto space, which, at press time, totals a mere $342.8 billion according to CoinMarketCap. The crypto industry has grown from simply a concept in 2008, with the inception of Bitcoin's white paper, to hosting billions of invested dollars. Bitcoin itself went

5 Ways: China Is Using Blockchain Technology Against Coronavirus

First Death has been observed from Beijing on the 27th of January 2020. Seven hundred seventy-four people died out of the 8,098 because of this outspread of coronavirus. In this article, you will find a glance of practices to fight against coronavirus, where blockchain comes out with a different application to stand against this outbreak and other coronavirus solutions. We all remember the previous deadly Ebola virus outbreak, which lasted three years from 2013–2016 affected the dominant population of Africa. Coronavirus has affected significant regions of China and some parts