‘The Fed created the Bitcoin bubble,’ says Peter Schiff

Peter Schiff, CEO of Euro Pacific Capital, has long been noted as one of Bitcoin’s greatest detractors, even predicting that the king coin could fall below the $1000 mark on his social media earlier this week. This was soon followed by him asking the Bitcoinverse to stop branding him as a “Bitcoin hater,” explaining that […]
The post ‘The Fed created the Bitcoin bubble,’ says Peter Schiff appeared first on AMBCrypto.
Source: AMB Crypto

China’s President Xi Jinping’s ‘blockchain shill helps Bitcoin awareness’

One of the biggest boosts for the blockchain and cryptocurrency space this year unexpectedly came from China. With the country changing its stance from banning Bitcoin and other cryptocurrencies to launching its own digital coin, CBDC. Additionally, the country has doubled down its efforts in the adoption of blockchain technology, with even President Xi Jinping […]
The post China’s President Xi Jinping’s ‘blockchain shill helps Bitcoin awareness’ appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum ProgPoW’s raison d’etre: To be or not to be

To be or not to be: that is the question Every once in a while, the crypto community stumbles on this question – What is my reason for existence? Ethereum had to contend with this question in its hay days in light of the DAO hack. This cleaved a mark in the “code is law” […]
The post Ethereum ProgPoW’s raison d’etre: To be or not to be appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin remuneration questions use as medium of exchange v/s store of value

Andreas Antonopoulos, the author of Mastering Bitcoin, recently spoke about Bitcoin as a medium of exchange, a unit of account, and a reserve currency during a Q&A session on YouTube. When asked about whether Bitcoin could be a standard for other cryptocurrencies, the same way Gold was for money, Antonopoulos highlighted that this was already […]
The post Bitcoin remuneration questions use as medium of exchange v/s store of value appeared first on AMBCrypto.
Source: AMB Crypto

SEC FWRO Director: Office is investigating several cryptocurrency frauds

The U.S Securities Exchange Commission [SEC] not only acts as a bridge between Bitcoin space and an ETF but also for the crypto-space and tokens that are classified as securities. However, one of the most prominent roles the commission plays is being the guardian of investors, ensuring that all the necessary measures are taken in […]
The post SEC FWRO Director: Office is investigating several cryptocurrency frauds appeared first on AMBCrypto.
Source: AMB Crypto

Monero, privacy coin usage would have made child porn investigation difficult

When news about Bitcoin being the main factor behind the crackdown on the largest child pornography website broke out, some speculated that this would lead to an increased use of privacy-enhancing cryptocurrencies for illicit activities on the deep web, making it harder for law enforcement agencies to track down the people involved in illegal activities. […]
The post Monero, privacy coin usage would have made child porn investigation difficult appeared first on AMBCrypto.
Source: AMB Crypto

The lowdown on how Bitcoin cracked the largest child porn business in the world

The bust of one of the biggest child porn sites, Welcome to Video, on the deep web echoed the crackdown of Silk Road, a darknet marketplace. This bust, however, was quite different from that of Silk Road, with the only thing common between them being Bitcoin, the cryptocurrency named as the go-to for dark web […]
The post The lowdown on how Bitcoin cracked the largest child porn business in the world appeared first on AMBCrypto.
Source: AMB Crypto

Calibra’s David Marcus says, ‘No one needs to trust Facebook to use Libra’

Facebook has been on the bad side of regulators across the globe ever since the Cambridge Analytica scandal broke out. To make matters worse, the social media giant announced the launch of Libra with the promise of financial inclusion by tapping into the cryptoverse. Additionally, the project had even listed leading companies in the fintech […]
The post Calibra’s David Marcus says, ‘No one needs to trust Facebook to use Libra’ appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin proponent talks about dangers of centralized cryptocurrencies

From banning Bitcoin [BTC] and other cryptocurrencies to launching its own digital currency, China’s recent developments have prompted policymakers across the globe to take a second look at cryptocurrencies. The country’s venture into the digital currency space with the introduction of Central Bank Issued Digital Currency [CBDC] was one of the topics discussed by Michael […]
The post Bitcoin proponent talks about dangers of centralized cryptocurrencies appeared first on AMBCrypto.
Source: AMB Crypto

UNICEF’s crypto fund shows Bitcoin is accepted as financial asset

Bitcoin, the king coin with a market share of 66.8 percent, continues to be the market mover as it attracts more sectors. This time around, the news broke from UNICEF as the agency announced that it would be accepting the largest cryptocurrency along with Ethereum for donation with the launch of UNICEF Cryptocurrency Fund. Moreover, […]
The post UNICEF’s crypto fund shows Bitcoin is accepted as financial asset appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum 2 would result in second layer solutions being needed less, says Vitalik Buterin

Ethereum 2.0, the phase that would see Ethereum shift from Proof-of-Work to Proof-of-Stake, is expected to roll-out in early 2020. Vitalik Buterin, the creator of Ethereum, recently spoke on all things Ethereum 2.0 at the Ethereal Summit. During a Q&A session with Ejaaz Ahamadeen from ConsenSys, Buterin explained the economic model, dApp’s transition from Eth […]
The post Ethereum 2 would result in second layer solutions being needed less, says Vitalik Buterin appeared first on AMBCrypto.
Source: AMB Crypto

Bitcoin and blockchain make headway as Malta signs MoU with European countries

For quite some time now, Bitcoin and other cryptocurrencies have been one of the frequently discussed topics among the regulators. This could be attributed to various reasons: rise in interest in cryptocurrencies, launch of Libra, and institutions venturing into the digital currency space. While some governments have made amends to regulate the wild west of […]
The post Bitcoin and blockchain make headway as Malta signs MoU with European countries appeared first on AMBCrypto.
Source: AMB Crypto

Ethereum stolen from Payfair escrow platform after major hack

Recently, Payfair, a decentralized escrow platform, announced that it had fallen victim to a hack attack on its Telegram channel. Since then, the official website has been down and the official Telegram channel has been disabled. In a statement, the platform said, “Yesterday, as a result of a hacker attack, a private key to our […]
The post Ethereum stolen from Payfair escrow platform after major hack appeared first on AMBCrypto.
Source: AMB Crypto