Peter Thiel Touts Bitcoin as Digital Gold

The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal. Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York. But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size. Continue reading Peter Thiel Touts Bitcoin as Digital Gold

French Regulatory Agency Blacklists 15 Crypto Asset Websites

The French stock market regulator, The Autorite des Marches Financiers (AMF), announced in a press release that they have added 15 cryptocurrency and crypto-asset investment websites to a blacklist on March 15. The press release then lists 15 offending companies, who continued to advertise and market their services as investment opportunities to the French public, despite new regulations. The blacklist also contains businesses that unlawfully offered investments in commodities like rare earth metals, wine, and diamonds. Continue reading French Regulatory Agency Blacklists 15 Crypto Asset Websites

Puerto Rico Creates Blockchain Advisory Council

Puerto Rico’s Department of Economic Development and Commerce (DDEC) will be forming an advisory council to promote Blockchain use for businesses in the country, local news outlet El Nuevo Dîa reported Thursday, March 15. Department secretary Manuel Laboy, announced the creation of the council during the Blockchain Unbound conference that took place in San Juan, Puerto Rico this week from March 14-16. Continue reading Puerto Rico Creates Blockchain Advisory Council

AirAsia Is Building Own Payment Platform

Southeast Asia’s pioneering low-cost airline AirAsia wants to launch an Initial Coin Offering (ICO) to “take cost out” of its business model, according to a report by TechCrunch on Friday, March 16. Speaking to TechCrunch on the fringes of the Money20/20 Asia conference, which finished March 15, CEO Tony Fernandes confirmed the operator was “building a payment platform” to “marry” its “Big Loyalty” reward scheme with the potential for ICO tokens. Continue reading AirAsia Is Building Own Payment Platform

Tom Lee Reports Bitcoin Mining Now Less Profitable

A recent report by Fundstrat’s Tom Lee notes that Bitcoin (BTC) mining earnings are currently almost breaking even, as the activity has temporarily become less profitable the midst of the current decline in the markets, CNBC reported yesterday, March 15. Lee notes in the report that the current figure for the cost of mining one bitcoin is $8,038, while BTC is trading at around $8,221 by press time, down a quarter of a percent over a 24 hour period, according to data from CoinMarketCap. Continue reading Tom Lee Reports Bitcoin Mining Now Less Profitable

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