DiscoverCryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News

Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News

Author: Bitcoin, Crypto, Digital Currency, Blockchain, ICO, News

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Cryptocurrency news, market data, and honest insights for everyone from first-time bitcoin investors to long-time virtual currency hodlers. The Coin.FM Crypto Podcast will keep you updated. Guest interviews and coin giveaways every week just for listening! Grow your digital asset portfolio with short, smart news briefs. Learn more on-line at Coin.FM
10 Episodes
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Wall Street U-Turns on Crypto - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Episode #27The winds of change are starting to blow in the world of cryptocurrency as governments and large investors begin to take the market more seriously.George Soros is a world-renowned investor worth $8 Billion, according to Forbes. For decades, he’s been a trusted influencer in the world of finance and just weeks ago he called Bitcoin a bubble. However, in a surprising turn of events, His $26 billion hedge fund, Soros Fund Management has just announced new plans to… you guessed it -- trade cryptocurrencies!Another big Wall Street player has stepped into the limelight with unexpected news…After about 5 months of “deny, deny, deny”, Goldman Sachs has finally announced that they WILL –in fact—be opening a crypto trading desk. For now, the desk is expected to offer a limited number of derivatives – mainly trading Bitcoin futures, but it’s a definitely start.The CEO of Nasdaq,  the second-largest exchange in the world by market capitalization, behind the New York Stock Exchange and is based in the US, recently gave a bullish outlook regarding cryptos and suggested that Nasdaq may adopt cryptocurrencies at some point in the future.For now, the exchange is securing a foothold in the crypto market through an announced partnership with the Gemini exchange, owned by the Winklevoss twins.Gemini will reportedly be the first digital currency exchange to make use of Nasdaq's SMARTS Market Surveillance Technology, which id designed to monitor & minimize potential violations in trading.So What does all of this mean?By the looks of it, wealthy traditional investors are beginning to test the crypto waters.Hey, if Jamie Diamond could publicly back step and eat his words that Bitcoin is a ‘fraud,’ I suppose anything’s possible.Maybe doing as they do, not as they say isn’t such a bad strategy after all.
Bitfinex Fends Off Money Laundering Allegations - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Episode #24Polish prosecutors may have seized around €400 mln from 2 bank accounts allegedly linked to top cryptocurrency exchange Bitfinex, according to unconfirmed reports from media outlets on April 7.Trustnodes.com published possible connections between Btifinex, Crypto Capital Corp, an alleged for-hire Panamanian company nominee director, and a tiny bank in the Polish country side, in November 2017 investigative report. (https://www.trustnodes.com/2017/11/22/bitfinex-reveals-new-polish-bank-account-panama-registered-company)The Panamanian national is alleged to have ties to Bitfinex and control over one of the accounts, where customers made deposits directed for Bitfinex through 2017. An unidentified man claims to have been questioned by Polish authorities, after receiving a payment from the alleged bank account in question, which apparently contributed to the allegations of money laundering. Bitfinex’s cold storage holds roughly 1% of all bitcoins in circulation equaling about $1.5B USD in value, according to bitinfocharts.com, and remains one of the largest crypto exchanges.Legal authorities currently are investigating the misuse of cryptocurrencies for illicit purposes in over 30 countries worldwide and there have already been high profile arrests, including that the CEO of worldwide classifieds site Backpage.com.Money laundering is not a new issue created by or even limited to cryptocurrency.Earlier this year, the Chief of the International Monetary Fund (IMF) highlighted the need to develop anti-money-laundering (AML) strategies for cryptocurrencies within a global framework, but the a stern focus still needs to be placed on the world's banking giants.For decades, billions—possibly trillions-- of dollars in dirty money have been illegally moved through some of the biggest traditional banks in the world, including:• HSBC• Industrial and Commercial Bank of China• Standard Chartered Bank• Wachovia which is now a part of Wells FargoFrom just these names alone, it adds up to a whopping $794 B USD.It would be so awesome if international regulators crack down on the banking institutions that continue to control the vast majority of the worlds assets.Until then, guard your coins and buy & sell only with trusted exchange partners.Shameless plug warning -- Did you know you can bitcoins with a credit/debit card at http://buy.coin.fm?
Cryptos Down Amid Tightening Regulations and Pump and Dump Success - Cryptocurrency Podcast by Coin.FM - Bitcoin, Crypto and Blockchain News
Episode #18March 7th was one of the most active days we've seen in a while.The CFTC finally got it's ruling in Federal Court, the SEC made an official statement following up on subpoenas issued to ICOs, and Binance came down with a severe case of the bots.A U.S. district judge ruled in favor of the U.S. Commodity Futures Trading Commission's (CFTC) definition of cryptocurrencies as commodities, which the regulator has observed since 2015.However, in it's own statement, the SEC announced that it would regulate ICOs and that any exchange that allows investors to buy and sell securities -- ICO's included -- needs to comply with existing SEC rules for exchanges. Yep, that means getting registered with the SEC just like the New York Stock Exchange.So, wait a minute -- the SEC say cryptocurrencies in fact securities? or just the new ICO ones?Huh?Meanwhile a pump and dump scheme was orchestrated on ViaCoin on Binance using bots designed to execute trades automatically. This caused ViaCoin to explode in value from $3 to $200 in just minutes. The exchange denied rumors of a hack, as Bitcoin tumbled over 15% to $9,400 at the time on Binance.All of this is causing uncertainty in the markets and, according to data.coin.fm, with the exception of Monero which is trading at $309.89, all of the top 10 cryptos are all in the red week on week. NEO is leading the plunge, to trade at just $96.81 at press time, 25.33% lower than it's value last week.So, it seems that the hotly-anticipated regulator armageddon has begun.Unfortunately, pump and dumps like what happened on Binance are just more proof for regulators, like the SEC, that oversight is necessary.But, which US agency will regulate the space ultimately -- the CFTC or the SEC?Only time will tell...Stay tuned.
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