Better have been bloody good! There's plenty of horror stories of people selling stock/shares before reaching their potential, but share a thought for a bloke who dropped $130 million worth of bitcoin on two pizzas back in 2010.
On the sidelines of the Web Summit conference in Lisbon, Portugal, the CEO of French banking giant Societe Generale, Frederic Oudea, spoke to CNBC about bitcoin, cryptocurrencies, and blockchain technology. According to the chief executive, cryptocurrencies are unlikely to survive long-term, as governments have problems regulating them.
Singapore’s central bank has issued new guidelines on initial coin offerings (ICOs) providing guidance on how tokens should be applied under its securities laws.
Bitcoin’s recent price stampede, which reached a new all-time high above $7,350, clearly demonstrates how the cryptocurrency ecosystem has been growing. For popular cryptocurrency exchange Coinbase, things are seemingly great as well, as data suggests it just added over 100,000 new users in a single day.
CME Group’s recent decision to list regulated bitcoin futures contracts by year’s end drew doomsday scenarios from some Wall Street investors, but blockchain and fintech entrepreneurs see it as a sign of the cryptocurrency’s growing acceptance which will bring more mainstream investors to bitcoin.
Bitcoin scams are getting ‘more sophisticated,’ according to one trader, as the currency’s value soars over $7,400.
A New Jersey pastor has been sentenced to five years in prison after being found guilty of attempting to aid an illegal bitcoin exchange evade scrutiny from banks and regulators.
Earlier today, on October 29, the price of Bitcoin Cash surged by over 20 percent within a 24-hour span. Several major cryptocurrencies such as Ethereum’s native currency Ether also demonstrated an increase in their values, as the price of Ether rose by another six percent.
Few can doubt that 2017 has been the year in which Blockchain technology has entered the mainstream conscious. As more and more celebrities endorse ICOs and the price of Bitcoin and Ethereum continue to climb all time highs, people are beginning to question whether we’re in a bubble or if in fact this technology has the potential to disrupt industries and realise the valuations investors have created.
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