Bitcoin News and Finance: What You Need to Know

The chief executive officer of the world’s largest asset manager, Blackrock, says he is “more on the Jamie Dimon camp” when asked whether he thinks bitcoin is worthless. However, the executive says he is fascinated by people’s interest in crypto and sees “a huge role for a digitized currency.” Blackrock’s CEO Sides With JPMorgan’s Jamie Dimon on the Value of Bitcoin Larry Fink, the CEO of the world’s largest asset manager with $9.5 trillion in assets under management, Blackrock, answered some questions about cryptocurrency, particularly bitcoin, in an interview with CNBC Wednesday. He was asked whether he was “still in the Jamie Dimon’s category of ‘bitcoin is worthless'” or whether he saw value in the cryptocurrency. Dimon, the CEO of global investment bank JPMorgan, said earlier this week: “I personally think that bitcoin is worthless.” He also questioned the limited supply of the cryptocurrency. The Blackrock executive replied: I am probably more on the Jamie Dimon camp....

Dreamr Labs flagship product, the Dreamr app, continues to gain momentum in new user signups one month after the DMR token launch. Roadmap is being accelerated to meet consumer demand for dreamr technologies. Dreamr (Ticker: DMR ) is the community-driven platform created for users to pursue their personal and entrepreneurial dreams. The platform helps people to build a supportive tribe around their declared dream, features an encrypted messenger, and has decentralized financial tools in its roadmap to help users overcome the inevitable monetary obstacles that get in their way . Users can earn DMR tokens by using the dreamr app to declare their dream and connect with others on the platform pursuing their own ambitions and goals. The DMR token has utility in the form of platform governance, which gives token holders a real say in making changes to the dreamr development roadmap. Dreamr has also disclosed plans in its white paper to turn user’s dream content and stories into NF...

The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how the regulators handle it.” Morgan Stanley’s CEO Says Bitcoin and Crypto Aren’t Going Away Morgan Stanley CEO James Gorman talked about bitcoin and cryptocurrency during the bank’s third-quarter earnings call with analysts Thursday morning. Emphasizing that crypto is not going to go away, he said: I’ve said it publicly before, I’ll say it again. I don’t think crypto’s a fad. I don’t know what the value of bitcoin should or shouldn’t be, but these things aren’t going away. He added: “The blockchain technology supporting it is obviously very real and powerful.” Morgan Stanley was among the first major banks to embrace bitcoin. In March, the bank revealed that it had begun offering bitcoin funds to clients. In April, the bank added bit...

The U.S. Securities and Exchange Commission (SEC) has tweeted about investing in funds that hold bitcoin futures contracts. This has sparked optimism within the crypto community that the regulator may soon approve bitcoin exchange-traded funds (ETFs), especially those investing in bitcoin futures. Optimism Grows That SEC Will Approve a Bitcoin Futures ETF Soon The official Twitter account for the SEC’s Office of Investor Education and Advocacy tweeted Thursday: “Before investing in a fund that holds bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits.” The tweet references an investor bulletin jointly published in June by the SEC’s Office of Investor Education and Advocacy and the Commodity Futures Trading Commission’s (CFTC’s) Office of Customer Education and Outreach. The bulletin urges “investors considering a fund with exposure to the bitcoin futures market to weigh carefully the potential risks and benefits of the investment.” Comments ...

The billionaire CEO of Starwood Capital, an investment firm with over $95 billion under management, has revealed that he owns bitcoin and ether. “The U.S. government, and every government in the Western Hemisphere, is printing money now to the end of time, and this is a finite amount of something and it can be traded globally,” he explained. Billionaire Barry Sternlicht Owns Bitcoin and Ether Barry Sternlicht, chairman and CEO of Starwood Capital Group, an investment firm with over $95 billion in assets under management (AUM), talked about bitcoin and cryptocurrency in an interview with CNBC Wednesday. According to Forbes’ list of billionaires, Sternlicht’s net worth as of Oct. 14 is $4.4 billion. The Starwood Capital boss revealed that he owns bitcoin and ether, noting that cryptocurrency makes sense as a way to diversify investment portfolios. Commenting on what JPMorgan CEO Jamie Dimon said about bitcoin being worthless , he said, “Gold is kind of worthless too.” Discussing bit...

In mid-July 2017, the largest darknet marketplace (DNM) Alphabay went dark and patrons didn’t know if the administrators were busted by law enforcement or if it was an exit scam. Not too long after the site went dark, law enforcement disclosed that an organized police task force, from various jurisdictions, infiltrated Alphabay alongside the DNM Hansa. Thailand police also arrested Alexandre Cazes, the alleged administrator for the Alphabay marketplace. Now over four years later, Alphabay (AB) has allegedly returned as the original AB admin “Desnake” has ostensibly ‘proven control’ over the AB administrators’ PGP key. The So-Called Return of the Alphabay, New Platform Unstable, Veracity of Desnake’s PGP Key Questionable During the last few weeks, darknet marketplace (DNM) users, researchers, and observers have been discussing the so-called return of the Alphabay (AB) marketplace. The DNM was the largest darknet market in 2017, and before the publication Deepdotweb was seized, it had...

There’s a reason Ajshia Najafian is one of the first faces new employees see when they start at Ripple. Warmth and a willingness to help are essential in her role, but Ajshia takes it a step further by showing up every day as her most authentic self and creating a space for others to do … Continued The post LatinX at Ripple Co-Lead Ajshia Najafian on Authenticity in Identity appeared first on Ripple. http://dlvr.it/S9ZyJL

PRESS RELEASE. Playing games has taken another dimension entirely through a new play-to-earn model that makes earning generating crypto revenue easier than ever. Revolve Games is revolutionizing the way DeFi staking is integrated with blockchain gaming by debuting a Metaverse where players can earn rewards according to performance. Current games fall short in unlocking the true value of play-to-earn NFT games. But a token-staking play-to-earn model is what the NFT scene needs so players can fully dive in the immersive gameplay of the metaverse and capitalize on their skills and experience. Revolve Games Metaverse is the first AAA quality inter-planetary sandbox metaverse. Players can explore the galaxy with their NFT tethered spacecraft, buy land on planets, shape the landscape and build their own games. Teleportation portal NFTs allow them to instantly travel between your favourite set destinations in the metaverse. Recent partnerships with other popular NFT games like Netvrk mea...

Richard Buckminster Fuller was a well known American architect, systems theorist, author, and inventor. Similar to the visions expressed by the industrialist Henry Ford, the Nobel laureate Friedrich Hayek, and Austrian economist Milton Friedman, Buckminster Fuller also predicted a concept that resembled Satoshi Nakamoto’s Bitcoin invention 54 years ago in 1967. Buckminster Fuller: ‘Build a New Model That Makes the Existing Model Obsolete’ In a recent editorial, Bitcoin.com News discussed how the famed industrialist Henry Ford, founder of the Ford Motor Company, envisaged an idea that’s similar to Bitcoin roughly 100 years ago. It was further said that before cypherpunks like Timothy May and Eric Hughes wrote about digital cash, Friedrich Hayek and Milton Friedman also predicted a technology that would operate similarly to Satoshi’s Bitcoin project. Buckminster Fuller was another intelligent individual who predicted the invention of cryptocurrencies and new wealth. Fuller was n...

Superrare Labs has revealed the first-ever non-fungible token (NFT) drop crafted by the renowned photographer Bill Bernstein and the legendary Studio 54. The NFT drop features the nightlife photographs taken by Bernstein from the iconic Studio 54 and Paradise Garage. Additionally, Superrare has also unveiled NFT collectibles that showcase 8-bit animations of Studio 54 and music from Jitwam, Teymori, and Studio 54 Music. Studio 54 Lights Up the Nightlife With NFT Photos From the Iconic Disco Club and Paradise Garage 44 years ago, Steve Rubell and Ian Schrager opened a nightclub called Studio 54, launched during the peak of America’s disco trend. In a matter of no time, the club became world-famous and stars like Woody Allen, Betty Ford, Calvin Klein, Timothy Leary, Farrah Fawcett, Liza Minnelli, David Bowie, Cher, Rick James, and Mick Jagger regularly attended. The club itself has closed and in 2020, the company expanded into a record label called Studio 54 Music and has a radio sta...

A Zimbabwean business lobby group, the Confederation of Zimbabwe Industries (CZI), has warned that the country’s currency could collapse if authorities fail to “implement policy measures that are needed to support it.” Central Bank Approach Unsettling the Market In a letter seen by Bitcoin.com News, the lobby group’s president Kurai Matsheza explained that the heavy-handed approach towards the foreign exchange challenge would be unsettling to markets. To ensure that this challenge is fully tackled, the CZI boss insists that measures, which were agreed upon by parties that attended a consultative meeting, must be given time to take effect. Following the Zimdollar’s collapse in 2008, Zimbabwe switched to a multi-currency system in which the U.S. dollar dominated. However, in 2019 the Zimbabwean dollar or ZWL, which was then at par with the USD, was reintroduced. Yet nearly two years later, the ZWL/USD exchange rate is now 88:1 on the official market and over 170:1 on the parallel ma...

Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a game will be powered by the Eluvio blockchain. Fox, Blockchain Creative Labs, Eluvio Introduce The Masked Singer NFT Marketplace In mid-May, Fox Broadcasting Company, the American commercial broadcast television network, announced it was launching a non-fungible token (NFT) business called Blockchain Creative Labs. In June, Fox detailed that it had teamed up with Bento Box Entertainment (BBE) and initiated a $100 million fund aimed at empowering NFT content creators. Now the broadcasting and entertainment company is unveiling an NFT ecosystem dedicated to the popular singing competition show “The Masked Singer.” Fox and BCL launched maskverse.com, which allows fans of “The Masked Singer” (TMS) to “buil...

Today, Ripple is excited to announce it is joining the Digital Pound Foundation, a non-profit focused on the development and implementation of a digital Pound in the United Kingdom. Ripple, as a Foundation member, will be represented on the board by Susan Friedman, Head of Policy. Ripple’s participation in the Foundation continues our ongoing work … Continued The post Ripple Joins the Digital Pound Foundation: Designing a Path for a CBDC-Forward Future appeared first on Ripple. http://dlvr.it/S9XWjb

YIELD App, a FinTech company and digital asset wealth management platform, has published its Q3 report, showing the firm continuing on a strong growth trajectory over the third quarter of 2021, which saw it double its managed assets and strike a high profile partnership with Premier League football club, West Ham United. The quarter saw YIELD App’s managed assets increase by 107% from $163.6 million at the end of June 2021 to $339.4 million by the end of September, marking a bold first nine months for YIELD App following its beta launch in December 2020 and public launch in February of this year. YIELD App said the increase had been driven in large part by the launch of its Bitcoin Fund in July, which reached its cap of 500 BTC in just a few days of its first fundraising round. The re-opening of the fund in August also saw one of the firm’s biggest days for new user sign-ups, with close to 1,500 new users joining on August 20th. Asset growth was further boosted by a growing numbe...

A deficit in crypto talent is pushing salaries up in Indian companies engaged with the domestic and global blockchain industry, local media reported quoting data from recent studies. Demand for professionals in the field has been growing rapidly in the past year. Crypto Experience Can Bring up to $100,000 in Annual Salary Indian IT companies providing services to global clients, fintech startups, and consulting firms have been competing for specialists with experience in crypto technologies, resulting in what the Economic Times describes as a war of wages. A report by the business daily indicates that demand for this type of talent has increased significantly over the last months. The number of active job openings this month, the newspaper wrote on Wednesday, stands at over 12,000 which represents a 50% increase since last year. The quoted numbers come from the latest report by staffing services company Xpheno . The relatively young age of cryptocurrency technology, just over a ...