Top Crypto Stories for October 4, 2017
Check out today's top cryptocurrency news stories and discussions:
GAW Miners CEO Held Liable for $9.8 Million Judgment in SEC Case
Looks like good old Homero Josh Garza is gonna have to pay up – to the tune of nearly $9.2 million. A U.S. federal judge has decided after almost two years that the former head of GAW Miners, a now inoperative cryptocurrency miner hosting company, is responsible for violating various securities regulations through the offering of virtual miners (aka "Hashlets") on an internal exchange.
What Will Bitcoin's Next 24 Months Look Like? (Reddit)
In 2014, users were talking about the difference between BTC at $4 and BTC at $400. Now that it's over $4,000, the question is coming up again: What will Bitcoin look like in 2 years? Given how much change is happening since the summer and in the upcoming few months, between Bitcoin Cash, segwit2x, and other potential forks and developments, there's a lot of questions yet to be answered. One thing is for sure – whatever happens between now and 2019, it will most likely be a great ride!
Wall Street Great Bitcoin Divide
America's financial companies can't seem to come to a consensus about Bitcoin and other cryptocurrencies. Is it a new way to make money that should be embraced and encouraged, or is it a disruptive technology that should be feared and smothered (if possible…)? While big banks like Goldman Sachs and Fidelity are supporting the more mature currencies like BTC and ETH – if somewhat begrudgingly – others like JP Morgan Chase are still spewing bile and pointing to events like China's recent ban on ICOs as a reason to stay away.
Bitcoin Gives Window into Rampant Money Laundering ()
How much is Bitcoin a platform for ne'er-do-wells to make their dirty money clean(er)? According to Larry Fink, the CEO of private investment firm BlackRock, the risk of Bitcoin being used for nefarious purposes is high. While Fink thinks that Bitcoin and other cryptocurrencies have some merit, he sees the largely unregulated crypto market as a source for online gambling, tax evasion, and money laundering. Of course, the response of many blockchain proponents to that charge is: "So?"
Steem News: The Social Network Doling Out Millions in Ephemeral Money (Wired)
Hat tip to @andrewmcmillen, an Australian journalist and steemian who published an article in Wired on the promise of Steem and Steemit. While there might not be much new for people on this site, it's a well-written article that is well worth the read. Share it with people who are curious about why you're spending so much time on this site! And hey, don't forget to support Andrew by upvoting and resteeming his post here.
Token Speculator provides information about cryptocurrencies and digital assets, with a focus on techniques for increasing your portfolio.
All editorials, opinions, and data are for informational purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
A project of @caweyant and @dmaddock1