CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

CFTC Issues New Warning on Utility Tokens & Other Cryptocurrencies

Advertisement The United States Commodity Futures Trading Commission (CFTC) has issued another warning to consumers, advising them to exercise caution and carry out comprehensive research before investing in any cryptocurrencies, including those advertised as utility coins or consumption coins. The alert, which came in the form of a Customer Advisory warning posted on the CFTC…

Quebec Approves Energy Rate Hikes for Bitcoin Mining Firms

Quebec Approves Energy Rate Hikes for Bitcoin Mining Firms

Advertisement Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity. This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a deterrent tariff that will see cryptocurrency miners paying double the rate that…

Bitcoin Price and Seasonality: The Coming Rally?

Bitcoin Price and Seasonality: The Coming Rally?

The Money Makers Club now has 6 of 15 available seats. Learn more here! A confluence of technical and fundamental indicators has sparked a big rally in the price of bitcoin this week. The cryptocurrency has found support at $7,400 and, after a short breather,…

Wells Fargo Patent Envisions a Tokenization System for Sensitive Data

Wells Fargo Patent Envisions a Tokenization System for Sensitive Data

Advertisement The American multinational financial institution has filed a patent to develop a “system and methods to manage a tokenization manifest.” Wells Fargo Hates Cryptocurrencies, Not Its Technology The San Francisco-based bank hasn’t always been kind to cryptocurrencies. Just last month, CCN reported Wells Fargo’s ban on customers who bought digital assets using credit cards,…

Bitcoin Price Has Finally Bottomed: Digital Currency Group Founder Barry Silbert

Bitcoin Price Has Finally Bottomed: Digital Currency Group Founder Barry Silbert

Advertisement Seven months into a severe cryptocurrency market downturn, the bears have finally run out of steam, leaving the bitcoin price primed for a breakout. That’s according to Barry Silbert, founder of the Digital Currency Group (DCG), perhaps the cryptocurrency industry’s most prolific investment fund. Speaking with CNBC on Tuesday, Silbert said that the recent…