We Should Shut Down Crypto, - Nobel Laureate

Joseph Stiglitz, Nobel Prize winner in economics and a professor at Columbia University, believes crypto are used in criminal activity 
07 May 2019   202

Joseph Stiglitz, Nobel Prize winner in economics and a professor at Columbia University, proposed a total ban on cryptocurrency during his interview with CNBC.

Stiglitz is concerned that cryptocurrencies are used in criminal activity and operations with them are opaque.

At the same time, the Nobel laureate favored the development of digital payment systems for national currencies.

Stiglitz's statement was commented by the CEO and founder of the ShapeShift exchange platform, Eric Vorges, proposing to ban Fiat.

Earlier Stiglitz had already criticized Bitcoin, which, in his words, “is trying to solve a non-existent problem,” and the regulation of cryptocurrencies should destroy them.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.