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Barstool Sports' millionaire founder, Dave Portnoy, recently re-tweeted his 2017 video on Bitcoin, saying his view on the asset has not changed. "For everybody trying to get me in the Bitcoin game, I made this video in 2017," Portnoy said in a June 19, 2020 tweet. "I still feel this way."Portnoy's
Read MoreEconomist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar. "The Fed gets Bitcoin right," Schiff said in a June 20 tweet, adding:"It categorizes it with fiat, in contrast to
Read More[sociallocker id="55298"] Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs. "There's a persistent double standard against Bitcoin and digital assets, which I think is wrong," Gurbacs told host Max Keiser on a recent episode of the
Read More[sociallocker id="55298"] Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin's head of market development Matthew Ficke. "Price movement like we saw yesterday typically attracts short-term traders trying to position for a larger
Read MoreAs the world turns more digital, crypto's pioneer asset Bitcoin (BTC) could take on gold's store of value role, according to the CEO and co-founder of Digital Assets Data, an analytics firm. "I see Bitcoin replacing gold as the hardest money for savers with long time horizons," CEO Mike Alfred
Read MoreCompleting its second independent developer grant, crypto exchange OKCoin has donated $100,000 to open-source crypto payment processor BTCPay Server. In addition to its worldwide fiat on-ramp/off-ramp focus, the OKCoin exchange sees the importance of furthering the industry's framework, OKCoin CEO Hong Fang told Cryptox, explaining:"We also have a special responsibility to support
Read MoreWhat needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option?"Time," Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cryptox in an email. "This is NOT a technological revolution," he clarified, adding:"It’s a monetary revolution - which takes (traditionally)
Read MoreScottish Coldplay bass artist, Guy Berryman, has joined the crypto space, funding a Bitcoin (BTC) exchange application called Zumo.“Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this
Read MoreToday marks the 10th anniversary of Bitcoin's first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John's pizzas. Valued at $41 at the time, current market pricing today gives the purchase a $92.5 million price tag.One might
Read MoreChicago Mercantile Exchange's, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). "So far, clients have expressed a clear preference and priority for a cash-settled product," McCourt told Cryptox in an email when asked
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