Category: Cryptocurrency News

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The U.S. Securities and Exchange Commission (SEC) has issued a warning about fraudulent investment schemes involving cryptocurrencies. The regulator notes that some investors may have fear of missing out (FOMO) given the rise in prices of some crypto assets in recent years. SEC Warns Investors of Crypto Scams The U.S. Securities and Exchange Commission’s Office […]

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Tether is responsible for the majority of crypto trading volume. ​ Over the past 24 hours Tether had a trading volume of U$ 79,942,874,644 dollars. Bitcoin had U$ 34,764,002,915 dollars traded, and ETH had U$ 19,402,373,410 dollars. ​ That means Tether trading volume corresponds to 1.5 times that of Bitcoin and Ethereum. Added together. There…
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Bitcoin, and cryptocurrencies in general, has been a controversial topic for a long time. There are many words for what cryptocurrencies pretend to be but are not: decentralized, safe, fair, valuable, stable, a currency, honest, a solution, the future. Much like many other central bankers, Sweden’s Central Bank governor is very skeptical about Bitcoin trading. The Sveriges Riksbank Governor’s Take On Bitcoin According to a Bloomberg article, the governor of Sveriges Riksbank, the central bank of Sweden, questioned the staying power of currencies without government backing. He compared buying and selling Bitcoins to trading stamps. Speaking at a banking conference in Stockholm, Sveriges Riksbank governor Stefan Ingves argued, “Private money usually collapses sooner or later,”. Further remarking, he said, “And sure, you can get rich by trading in bitcoin, but it’s comparable to trading in stamps.” Earlier this year, Ingves said that Bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight as their popularity grows. Related Reading | Sweden to Bring Forward Launch of State-Backed Digital Currency e-Krona Despite his opinion of Bitcoin’s deficiencies as a currency, Ingves has taken its reputation among investors seriously. Highlighting consumer interests and money laundering as being of particular concern, the central banker conceded this June that the cryptocurrency had gotten “big enough” to merit close attention from regulators, central bankers, and lawmakers across the globe. Cryptocurrencies And Central Bank Governors Ingves’s remarks are in line with what other central bankers have said about crypto. Some central bankers have compared it to the tulip bubble of the 17th century, which ended in collapse. Related Reading | Bitcoin Outlives Tulip, Dotcom, and Every Notorious Market Bubble In February, Ireland’s central bank governor Gabriel Makhlouf said bitcoin investors should be ready to lose all their money. “Personally, I wouldn’t put my money into it, but clearly, some people think it’s a good bet,” Makhlouf said. “Three hundred years ago, people put money into tulips because they thought it was an investment.” Related Reading | Bank of England Governor Still Isn’t a Fan of Bitcoin Similarly, Bank of England governor Andrew Bailey said cryptocurrencies have no intrinsic value and may crash to zero. “I’m sorry, I’m going to say this very bluntly again: buy them only if you’re prepared to lose all your money,” Bailey said. “I would only emphasize what I’ve said quite a few times in recent years. I’m afraid they have no intrinsic value,” BTC trading above $45K | Source: BTCUSD on TradingView.com Around the world, central banks in countries such as China, Ghana, South Korea, Japan, and Switzerland have started researching, experimenting with, and testing the launch of Central Bank Digital Currencies. The Federal Reserve has also said it is researching the pros and cons of creating a CBDC for the United States. Meanwhile, El Salvador made history this week by adopting Bitcoin as legal tender. Featured image from Financial Times, Chart from TradingView.com

Doge was riding high back in early May, it was the 4th most valuable cryptocurrency with a market capitalization of $85 Billion. Ever since then it has slowly and gradually been slipping down the rankings, in the past 7 days it is the cryptocurrency that has had the highest percentage loss in the top 15.…
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A contract 0x4c33fE28d7daFAe6921f3Bc2CD542c55Bc9ad517 is spamming the gateway with hundres of 0.01 ETH deposits. My deposit won't work , showing "out of gas" errors. ​ What can I do>? submitted by /u/bbhgreb [link] [comments]

I am seeing all of these ETH-alternative posts today and lately. Yes, ETH is jammed up, yes gas fees are high, and yes other chains have cheaper fees and faster transaction time. Money is flowing into them, and that’s a little scary to me, because it seems like ETH could lose its first-mover advantage and…
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