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It will take a long time for cryptocurrencies like bitcoin to attain the status of a store-of-value asset, said KPMG in its latest crypto study. The Big Four firm’s “Institutionalization of Cryptoassets” report asserted that assets like bitcoin could neither be used as a medium of exchange nor a store of value, mainly because of
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The long-running bitcoin wallet Multibit is being discontinued, the firm that bought it last year has announced.
On tonight’s episode of “The Crypto Show,” Jonathan Mohan and The Dollar Vigilante’s Jeff Berwick join us to discuss the recent bitcoin Cash hard fork and its ramifications. We discuss the moral validity of the decision by some of the exchanges NOT to disburse bitcoin Cash to their customers; Jonathan explores the possiblity of bitcoin “endlessly” forking through every contentious soft fork becoming a hard fork; Jeff expresses his concerns about Segwit2x but also his admiration for the free market and how it has made current circumstances probably better than could have been expected; we compare the Ethereum fork to this recent fork; and we also speculate on the long-term outcome for bitcoin, bitcoin Cash, and the the other cryptos. We get Jeff to give us a quick update on the upcoming Anarchapulco conference, and Danny gives us a brief update on the Texas bitcoin Conference in October. Both Jonathan and Jeff, as to be expected, give some very cogent answers to some difficult questions and also offer some brilliant and profound insights into the crypto space above and beyond.
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Tether Confirms Its Relationship With Auditor Has 'Dissolved' Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended. The statement, provided Saturday evening by a company spokesperson […]