[Crypto News] One of the co-founders of bitcoin.com has sold all of his bitcoin

[henry8693]

One of the Biggest Crypto Exchanges Goes Dark and Users Are Getting Nervous

Code:

(Jan 13): One of the biggest cryptocurrency exchanges has been down for hours and its clients are starting to freak out.

Read More:
https://www.theedgemarkets.com/article/o...ng-nervous

Kucoin Issues a Warning After Bitcoin Diamond Soars 40x and Then Crashes



Read More:
https://news.bitcoin.com/kucoin-issues-w...x-crashes/

[henry8693]

Bitcoin News

Quote:“If you’re trying to avoid the government, ultimately it’s under threat from huge regularity risk because there’s concern around money laundering and everything else.

“I think there’s a big risk from government’s banning these currencies eventually.”

“I think it would be very unwise to put any money that you can’t afford to lose into these currencies.”

Source:
https://www.express.co.uk/finance/city/9...ncy-latest

Be prepared to LOSE ALL your money!’




BTC Price: 01162017
https://charts.bitcoin.com/
$11,630

https://www.coinbase.com/charts
$11,679

https://coinmarketcap.com/
$11,609

https://cointelegraph.com/bitcoin-price-index
$11,457

Time Taken:

Code:

https://www.worldtimebuddy.com/?pl=1&lid=5128581,1880252,2643743,6173331&h=5128581

Problems: Money laundering, cyber attack, Govn banning...

[henry8693]

'Extremely high risk': bitcoin.com co-founder has sold all his bitcoins

Quote:Bitcoin.com is one of the world’s largest bitcoin sites, having grown its profile this year thanks to the remarkable price surge of the cryptocurrency. But its cofounder and CTO, Emil Oldenburg, a Swedish native, is extremely sceptical when it comes to bitcoin’s future.

”I would say an investment in bitcoin is right now the riskiest investment you can make. There’s an extremely high risk,” he says in an interview with Swedish tech site Breakit.

Code:

https://www.breakit.se/artikel/10332/svensk-doldis-bakom-bitcoin-com-bitcoin-ar-oanvandbart-jag-har-salt-allt

Although Oldenburg is far from the first to criticise the cryptocurrency’s viability as an investment asset, his position as an industry insider does stand out – even as he migrates to its spin-off, bitcoin cash (BCH).


“I have in fact sold all my bitcoins recently and switched to bitcoin cash,” he says, referring to the currency that split from bitcoin in August and recently overtook Ethereum as the world’s second-largest cryptocurrency. Bitcoin Cash has also gained the strong support of Oldenburg’s co-founder, Roger Ver.

Oldenburg’s big problem with bitcoin is high transaction costs and lead times. Indeed, by some counts, bitcoin transaction fees are doubling every three months, and it now takes on average four to five hours to confirm a bitcoin transaction. Ars Technica reported that fees reached $US26 per trade recently.

While buying, selling or trading bitcoin is not an issue today, Oldenburg says, problems surface when bitcoin transactions are recorded on the blockchain, the digital ledger that records each transaction.

The reason why bitcoin holders haven’t understood these risks, according to Oldenburg, is because most have so far only bought the cryptocurrency – but never sold or traded with them.

The reason why bitcoin holders haven’t understood these risks, according to Oldenburg, is because most have so far only bought the cryptocurrency – but never sold or traded with them.


Source:

Code:

http://www.smh.com.au/business/markets/bitcoin-as-good-as-useless-says-bitcoin-com-co-founder-20171218-p4yxty.html

[henry8693]

Bitcoin headed to $100,000 in 2018, says analyst who predicted last year's price rise


Kay Van-Petersen, an analyst at Saxo Bank, said in December 2016 that bitcoin would reach $2,000 in 2017, a feat achieved in May

Source:

Quote:https://www.cnbc.com/2018/01/16/bitcoin-...-move.html

[henry8693]

Bitcoin price THREAT: Fears bitcoin will crash as Merkel and Macron propose regulation

BITCOIN prices could be under threat after two of Europe’s most powerful leaders have joined efforts to regulate the speculative cryptocurrency.

Source:
https://www.express.co.uk/finance/city/9...uel-macron

[henry8693]

Bitcoin price WARNING: Cryptocurrency bubble might 'TOTALLY COLLAPSE' – or last 100 years

BITCOIN could “totally collapse”, according to a shock cryptocurrency warning from Robert Shiller, a Nobel Prize-winning economist and Yale University professor, however, he claimed the virtual currency could last 100 years.

Source:
https://www.express.co.uk/finance/city/9...tocurrency

[henry8693]

1) January 22, 2018 - South Korea To Tax Crypto Exchanges 24.2 Percent, In Line With Existing Tax Policy

Source:
https://api.cointelegraph.com/amp/v1/en/...tax-policy

2) January 21, 2018 - BTC plummets as Indian banks shut down cryptocurrency trading

[henry8693]

January 22, 2018 - Bitcoin price to SKYROCKET: Expert has 'no doubt' Bitcoin will reach over $100,000

Source:
https://www.express.co.uk/finance/city/9...rrency-buy

[henry8693]

1) The South Korean government has announced that six major banks will be ready to provide services to cryptocurrency exchanges this month. Under the new system, the government requires exchanges to share user data with banks.

Source:
https://news.bitcoin.com/korean-crypto-e...nt-system/


2) Hydro-Quebec Overwhelmed by Electricity Demand From Miners

Source:
https://news.bitcoin.com/korean-crypto-e...nt-system/

[Krekky]

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