Category: Bitcoin

U.S. crypto investors have been waiting for what seems like forever for a Bitcoin ETF, but the Securities and Exchange Commission keeps scowling at their proposals. However, there’s another innovative exchange-traded fund (ETF) proposal sitting on the SEC’s desk, and while it engages solely with traditional markets, it’s nevertheless based on a scheme that observers must admit is a naked marketing ploy. In the works is what’s supposed to be a low-cost ETF that not only slashes fees to the bone but actually pays investors to purchase shares. If the SEC green lights this fund, Bitcoin proponents would rightfully be

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Move over, Jamie Dimon, because there’s a new contender for the coveted title of “king bear of the bitcoin-bashing brigade”: technologist Nicholas Weaver. Technologist Nicholas Weaver Rants Against Bitcoin While he might not have the mainstream name recognition of Jamie Dimon, or Warren Buffett, or even Nouriel Roubini, Weaver – a senior researcher at the International Computer Science Institute at Berkeley – has proven that he can sling bitcoin barbs like the best of them. Speaking during the latest episode of Bloomberg’s Odd Lots podcast, Weaver, who previously said that blockchain and cryptocurrency should both be “burned with fire,” wasted

The post Bitcoin is Nothing More Than ‘Bovine Excrement’: Berkeley Researcher appeared first on CCN

When Satoshi Nakamoto wrote the historic bitcoin whitepaper, the elusive creator called bitcoin a peer-to-peer electronic cash system. But ten years later, bitcoin is still a terrible way to pay for things. Streaming platform Twitch just proved the point by quietly removing its bitcoin and bitcoin cash payment options. The Amazon-owned streaming platform offered no reasons for the move, but we can read between the lines. There’s no demand. Don’t get me wrong. I would love to see bitcoin become the world’s payment system, but it faces some serious issues. And it’s not because of speed or fees or technology.

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