BTCC Founder Bobby Lee: “Segwit2x Feature Is an Upgrade”

8 months ago adcity Comments Off on BTCC Founder Bobby Lee: “Segwit2x Feature Is an Upgrade”
News This week Bobby Lee, the chief executive officer of the Chinese cryptocurrency exchange BTCC, held an Ask-Me-Anything (AMA) with bitcoin traders on the Reddit forum /r/bitcoinmarkets. During the AMA the conversation participants focused in on the Segwit2x hard fork set to activate on or around November 16. Also read: SPV Wallet Bread Lets Users Decide Read More

Californian Professor Prefers Central Bank-Backed Digital Currencies Over Decentralized Cryptocurrencies

8 months ago adcity Comments Off on Californian Professor Prefers Central Bank-Backed Digital Currencies Over Decentralized Cryptocurrencies
Well-respected University of California Professor of Economics and Political Science Barry Eichengreen has claimed that he favors the use of central bank-issued virtual currencies over decentralized cryptocurrencies. He added that the latter will not play a major part in the future of the financial sector. In his interview with CNBC, Eichengreen said that the central Read More

What Happens When Traders Quit Stock Exchanges for Online Trading

8 months ago adcity Comments Off on What Happens When Traders Quit Stock Exchanges for Online Trading
Hong Kong’s stock exchange has become the first to close down its physical trading floor after 31 years. Because of the changing nature of markets, Hong Kong may just be the first of many to follow this route. The rationale behind the closure is, of course, the rise of electronic and Internet trading. According to Read More

A Tale of Two ICOs: How Maidsafe, Tezos Endangered Own Projects With Critical Mistakes

8 months ago adcity Comments Off on A Tale of Two ICOs: How Maidsafe, Tezos Endangered Own Projects With Critical Mistakes
ICOs are experiencing a tremendous popularity boom right now, and many participants might think that the concept is a new one, when in fact it isn’t. Long before Ethereum-based ERC20 tokens began to be offered for sale, Ethereum itself was launched using an ICO. Many don’t realize that the history of ICOs goes even further Read More

Bitcoin Shatters $7k Barrier After Futures Trading Announcement by CME Group

8 months ago adcity Comments Off on Bitcoin Shatters $7k Barrier After Futures Trading Announcement by CME Group
Bitcoin continued its five-day surge, rising from $5,750 on Oct. 28 to just over $7,000 at press time on the GDAX exchange. The currency’s definitive smashing of its most recent all-time high and the $7,000 barrier seems to be tied to its increasing integration in mainstream finance. Futures and derivatives Just yesterday, the CME Group, Read More

Bobby Lee Divides Reddit AMA as Talk Centers on SegWit2x

8 months ago adcity Comments Off on Bobby Lee Divides Reddit AMA as Talk Centers on SegWit2x
BTCC CEO Bobby Lee’s public AMA largely focused on SegWit2x Wednesday as his position causes controversy. Answering user queries during the recurrent Reddit Q&A session, Lee said that BTCC would potentially accept the SegWit2x chain should it receive requisite market support. He added BTCC’s mining pool would continue mining BTC and would shortly start mining Read More

A Minute’s Silence For Altcoins as Bitcoin Highs Slice Value Across Markets

8 months ago adcity Comments Off on A Minute’s Silence For Altcoins as Bitcoin Highs Slice Value Across Markets
Bitcoin’s rise over $7,200 Thursday has piled pressure on already sidelined altcoin markets, leading many into freefall. An analysis of Coinmarketcap’s top 20 altcoin listings shows a depressing picture as Bitcoin’s surge leaves many struggling to stay above multi-month lows. Notable standouts are the Bitcoin Cash fork and controversial newcomer BitConnect, opportunistically riding enthusiasm surrounding Read More

Quantitative Easing: The Way Out for Central Banks

8 months ago adcity Comments Off on Quantitative Easing: The Way Out for Central Banks
About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports Read More

Fed Takes Lead in Unwinding Quantitative Easing

8 months ago adcity Comments Off on Fed Takes Lead in Unwinding Quantitative Easing
About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports Read More

What Could Fire Up America’s Anemic Inflation?

8 months ago adcity Comments Off on What Could Fire Up America’s Anemic Inflation?
About the Presenter Bluford “Blu” Putnam has served as Managing Director and Chief Economist of CME Group since May 2011. With more than 35 years of experience in the financial services industry and concentrations in central banking, investment research, and portfolio management, Blu serves as CME Group’s spokesperson on global economic conditions. View more reports Read More