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Government Investigator Says “Darwinian” Selection Led to Dominant Cryptocurrencies

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The Deputy Governor of the Bank of France, Jean-Pierre Landau, also named  “Mister Bitcoin” by the French government, submitted a report to Bruno Lemaire, the French Minister of Finance and Economy. The report said cryptocurrencies are in a phase of technological and economic experiment. Their future is still uncertain, however, there are few possible scenarios. One … Read more

The Daily: Complicated Crypto Purchasing Puts Off US Investors, Analysis Confirms – ICOs Spike

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Some potential investors find the process of acquiring cryptocurrencies rather complicated, according to a new survey conducted among US residents. Despite that finding, and other obstacles, another study confirms the recently reported increase in capital raised through coin offerings this year. Also in today’s Bitcoin in Brief, the Swiss city of Zug concludes successfully its … Read more

EU Report Advises Regulators Not to Ban or Ignore Cryptocurrencies

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A recent report published by the European Parliament advises policymakers and regulators not to ignore cryptocurrencies or attempt to ban them. It discusses how crypto should be treated, their taxation, as well as their potential impact on financial systems and central banks’ monopolies on money issuance. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

Volume Rankings Report for June 2018: Trading Activity Drops Across Crypto Markets

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Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May. Also Read: ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities Month-Over-Month 30-Day Trade Volume Declines Across … Read more

Report: 2018 Token Sales Almost Double Last Year’s Results

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Initial Coin Offerings in the first half of 2018 have attracted nearly double the amount of funds raised last year, a new report reveals. Researchers point out, however, that the majority of ICOs have largely failed, with only a third of the projects closed successfully. According to the study, the US remains the major destination … Read more

Retail Adoption of Crypto Would “Bring the Internet to a Halt” – BIS Report

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The Bank of International Settlements (BIS) has leased a chapter from its forthcoming annual report that delivers a critical appraisal of bitcoin and cryptocurrency. The report attacks virtual currencies from several main standpoints: claiming that cryptocurrencies do not effectively perform monetary functions due to price volatility, that the retail adoption of blockchain-based payment mechanisms would … Read more

Mining Consumes Half as Much Power as BECI Estimates – Coinshares

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Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex … Read more