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SWIFT Representative Calls Crypto “Useless and Unstable”
The Society for Worldwide Interbank Financial Telecommunications, SWIFT, recently had some harsh words for crypto. Specifically, representatives from SWIFT have reportedly said that crypto is “useless and unstable”. Nonetheless, this comes as crypto is increasingly challenging SWIFT’s dominance on monetary transfers. SWIFT calls crypto “useless” This news was first covered in an FXStreet report on September 10th. This piece refers to some SWIFT representatives, who wish to remain anonymous, who…
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Bakkt Announces Massive $125 Million Insurance Policy for Bitcoin Deposits
A fresh statement from Bakkt reveals a substantial new insurance policy for Bitcoin deposits. According to Bakkt, all the Bitcoin in deposit at the Bakkt Warehouse is now under protection by a $125 million insurance. This comes as Bakkt is preparing to launch futures products this month. Bakkt reveals $125 million insurance for “Bakkt Warehouse” Bitcoin The institutional Bitcoin futures exchange Bakkt has recently begun to kick into gear. Back…
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Forbes Article Suggests Crypto FOMO About to Skyrocket
A recent article from Forbes suggests that “crypto FOMO” may soon increase drastically. Growing FOMO, or “Fear-Of-Missing-Out”, is generally said to lead to wild price increases. Moreover, this Forbes report also argues that this price increase could be more sustained than in late 2017. Is massive crypto FOMO about to hit? This Forbes piece starts of by recounting how Bitcoin has had a strong rise so far this year. As…
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Why You Should Mix Your Bitcoin
Cryptocurrency hackings are at all-time highs in 2019, meaning proper security of your bitcoin is of the utmost importance. Bitcoin thieves are smarter than ever, using means to identify accounts belonging to you that are for the most part unknown and unconsidered by the average cryptocurrency user. Because the blockchain is a permanent ledger of all transactions, it may be easier than you think for a thief to locate the…