Crypto & Blockchain News Roundup Feb.14, 2017
Remember OneCoin… the cryptocurrency scam with 9 lives that keeps on ticking like the Everready Bunny? You know a company must be really bad news when the government of Uganda warns their citizens about it. It won't be long before OneCoin has to open up an office on the moon to find someplace that doesn't know they're a rip-off. Here's the article:
Bank of Uganda Issues Warning About OneCoin Ponzi Scheme
This is rather like a convicted prisoner being glad to get 'Life' rather than the death sentence. A high-level regulator in China says they should regulate bitcoin rather than kill it. Sounds like something Hitler might have said to a minority he didn't like. Here's the article:
Former PBoC Governor: “We Need To Regulate Bitcoin Rather Than Kill it”
If you thought bitcoin was going to remain the entrepreneurial domain of 'the little guy' for long…you were wrong. As this article indicates, cryptocurrency trading 'bots' are already becoming a significant factor in the market. But you watch and don't be surprised to see larger financial institutions getting in on the trading act too. Make no mistake about it…they are voracious for financial opportunity. Here's the article:
The chaos in Venezuela and the government's difficulties with bitcoin and bitcoin mining might be a preview of what could happen if societal infrastructure in the US or another developed country were to break down. Unlike gold or silver, bitcoin and/cryptocurrency as a store of wealth is dependent upon a certain level of infrastructure stability and social tranquility yet certain aspects of the today's current events don't look to stable, do they? Read the article:
Venezuela’s Biggest Bitcoin Exchange Halts Operations
Just in case you weren't aware of these well-known companies which accept bitcoin, here they are (I already knew about all but one):
Top 5 Companies Accepting Bitcoin
Many people don't realize that, just like dog breeds and their characteristics, there are also different kinds of cryptocurrencies each with their own innovative characteristics. Here are what one author considers the 5 most unique. Note especially Steemit, which is related to content creation on the internet, and Monero, which is really anonymous (as crypto should be). Here's the article:
Top 5 Most Innovative Cryptocurrencies
Strange as it seems, some banks still look at cryptocurrency like some people did when the 'horseless carriage' first came out. Thankfully this situation is less and less common. But Markethive.com community members have a mutual friend who had a totally ridiculous experience along this same order. Here's the article:
Top 5 Banks Closing Bitcoin User’s Accounts
Here's an article highlighting the authors opinion of 7 industries most likely to be disrupted by blockchain and cryptocurrency. I found his comment about the music industry most interesting. Here's the article:
7 Industries that Will be Disrupted by Blockchain Technology
So…that's my comments on which way the digital wind is blowing today. Feel free to leave comments or to join our community over at Markethive.com. If you like to write, about crypto, blockchain, or anything else, we've got a great publishing platform that will give you a lot of exposure.
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