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SEC Chair Nominee: BTC is a “catalyst for change”

SEC chair nominee Gary Gensler is optimistic about the prospects for the development of the cryptocurrency industry and the blockchain. During his speech at the hearings, timed to the consideration of his candidacy for the post, the financier called Bitcoin “a catalyst for change.”

“Bitcoin and other cryptocurrencies have brought new thinking to payments and financial inclusion, but they’ve also raised new issues of investor protection… If confirmed at the SEC, I will work to promote innovation,” Gensler said.

In addition, the financier stressed that if he is elected as chairman of the SEC, he intends to work on “promoting…


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Investors demanded compensation for $100 million for Pavel Durov’s failed blockchain project

Investors are ready to sue Pavel Durov’s TON Inc. project. and Telegram Inc. Representatives of the Da Vinci Capital fund sent a letter to the founder of Telegram and his team in which they demanded damages recovery in the amount of $100 million for the failed cryptocurrency project, according to Forbes that cites sources.

The notice states that failure to compensate for damages will result in litigation in the UK. The defendants will be not only Pavel Durov, but also other top managers and lawyers of TON.

We would like to remind the reader that in mid-2020, Pavel Durov announced…


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Etsy CEO: Bitcoin is not sufficiently developed to be used as a means of payment

osh Silverman, CEO of the famous vintage and craft marketplace Etsy, is confident that the main cryptocurrency is not yet developed enough use it as a means of payment.

“I don’t think it’s quite ready yet to be tender. You need a lot of people holding it before it is actually useful as a form of tender. Never say never, but I don’t think 2021 is a year when we would prioritize that, ” Silverman said.

The company’s top manager also stated that Etsy is not ready to buy bitcoins or invest in other digital assets. In particular, due to…


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JPMorgan advises investing 1% of investment portfolio In bitcoin

JPMorgan strategists are confident that investing 1% of a portfolio in cryptocurrencies is a smart measure to hedge the risks of the existing financial system.

“In a multi-asset portfolio, investors can likely add up to 1% of their allocation to cryptocurrencies in order to achieve any efficiency gain in the overall risk-adjusted returns of the portfolio,” analysts Joyce Chan and Amy Ho said.

The strategists of the American bank pointed out that the risks of investing in stocks, bonds and commodities are increasing, so BTC is excellent for hedging such risks. …


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Nassim Taleb considers Bitcoin adherents to be amoebas

Nassim Taleb, the author of the famous work “Black Swan” criticized the adherents of bitcoin. In his opinion, they “think in binary”.

“And the minute someone defines herself or himself as a “bitcoiner” like a national identity it becomes an irreversible ideological committment not an investment strategy. Actually it is a religion. You “belong” to a group of amoebas,” Taleb wrote on his Twitter page.

Earlier, Nassim Taleb spoke out several times in support of the main cryptocurrency, and also criticized the conservative financial system. …


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Bill Gates urged investors to be careful with cryptocurrency

The Microsoft co-founder believes that investors should be careful when dealing with the main cryptocurrency. According to the entrepreneur, cryptocurrencies should become transparent, and transactions with them should be reversible.

“So, I’m not bullish on Bitcoin, and my general thought would be: If you have less money than Elon, you should probably watch out,” Gates said.

Another entrepreneur, billionaire from India, Rakesh Jhunjhunwala, is confident that the “bitcoin party” will end badly for its participants. He called transactions with bitcoins “high-grade speculation.” The businessman supports the initiative of the Indian authorities to ban cryptocurrency assets.

The largest crypto exchange demanded from users to return BTC purchased at $6,000

The PDAX cryptocurrency platform, which…


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OKCoin plans to delist Bitcoin Cash and Bitcoin SV

The largest cryptocurrency platform OKCoin has planned to delist Bitcoin Cash and Bitcoin SV. According to the CEO of Hong Fang, new users of OKCoin often come to invest in BTC, but by mistake they buy BCH or BSV.

Among other reasons for the failure of bitcoin forks — a controversial figure of the creator of BSV Craig Wright. The entrepreneur has already stated that it was he who created bitcoin.

“This is not an easy decision. We had a choice and there is collateral damage, but we had to stand up for the bigger principle we believe in. On…


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Elon Musk called investing in BTC “quite adventurous”

Tesla founder Elon Musk commented on the company’s investment in the main cryptocurrency, making it clear that it was not his decision. He also said that he considered the investment “risky enough.”

“Tesla’s action is not directly reflective of my opinion. Having some Bitcoin, which is simply a less dumb form of liquidity than cash, is adventurous enough for an S&P500 company, ” Musk said.

However, the entrepreneur stressed that BTC is “almost as good as fiat money.” We would like to remind the readers, that in early February Tesla invested $1.5 billion in bitcoin. …


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BlackRock with $ 8.7 trillion in assets is interested in bitcoins

Investment company BlackRock, which manages assets totaling $8.7 trillion, is interested in the main crypto coin. The company’s investment director Rick Rieder said BlackRock is already “doing a little bit” of digital currencies.

“My sense is the technology has evolved and the regulation has evolved to the point where a number of people find it should be part of the portfolio, so that’s what’s driving the price up, ” said the entrepreneur.

Rieder did not go into details of BlackRock’s cryptocurrency strategy. However, it is known that the investment giant recently filed documents with the SEC. …


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Societe Generale: in order to survive, fintech companies need to develop a B2B direction

Claire Calmejane, Chief Innovation Officer at Societe Generale, is confident that fintech companies should follow the example of large banks to develop products for corporate clients. Projects focused exclusively on the consumer segment of the market are doomed to fail.

Calmejane believes that most small fintech companies will eventually be forced to sell their businesses.

However, the fintech market players have a different position. …

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