Connect with us

All News

Blockchain, Crypto and the Media

Published

on

In a recent interview at Davos, the Cointelegraph spoke to Mike Butcher about the role of the media in the crypto community as well as technology innovations such as Blockchain.

It is well known that today’s market and economy is influenced by the media and the many experts who speak to the world, Mike Butcher had a lot to say about this influence and the level of volatility on the market.

Media Influence

CT: Thank you very much for joining us. So we are here in Davos and the first subject that is discussed is the digital economy. Blockchain is the word that is heard everywhere. How do you feel the media are handling now all that is related to Blockchain and crypto?

Mike Butcher: It’s interesting because the mainstream media are very much trying to play catch-up in these subjects. Most of the journalists even in tech aren’t necessarily in up to the speed on it as well, because the industry of Blockchain and cryptocurrency has only really become a big issue in the last year. Prior to that, it was considered an interesting technology, but people weren’t quite interested in it as they are now.

So the mainstream media is playing catch-up and you see a lot of simple mistakes made about mixing up the differences between tokens and coins. It’s a tricky one. I think we will get there, but it’s certainly a fascinating time.

CT: How would you evaluate the influence of media towards the market volatility now in fintech?

MB: I think that there’s a bit of a problem because that needs to be much more robust journalism about this space. A lot of it is certainly press-releasing. I think we need to do a better job. It would be good if everyone could do that a little bit more like independent journalism would be better.

CT: What for you is  news that is worth being published? I mean that now companies are using Blockchain in their names or launching ICOs and think this is newsworthy. What is for you the thing that catches your attention?

MB: The thing about TechCrunch is that we are fundamentally interested in the actual underlying technologies of all this new world, so we don’t really go in for writing about ICOs and things like that. We prefer to talk about the underlying technology, the actual applications, what it’s going to disrupt, those kind of things. Sure, it’s fine to mention the fact they might be doing an ICO, but that’s not what really for me what should lead the news. And also I think some ICOs that are interesting, many are not. It’s the fundamental technology that counts.

Source:https://cointelegraph.com/

All News

SEC, CFTC Crypto Meeting in the US

Published

on

By

The Securities and Exchange Commission(SEC) and Commodity Futures Trading Commission (CFTC) meeting recently took place today, Feb. 6. The written testimonies of Jay Clayton and J. Christopher Giancarlo, the chairmen of the SEC and the CFTC respectively, have now been released publicly.

SEC/CFTC

SEC chairman Jay Clayton talked about the importance of distinguishing between ICOs as securities and non-securities.

Clayton said:

“Investors should understand that to date no ICOs have been registered with the SEC, and the SEC also has not approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies. If any person today says otherwise, investors should be especially wary.”

A co-authored article in the Wall Street Journal showed both officials’ perspectives on the issue of cryptos, appearing during the World Economic Forum 2018 in Davos last month.

During the event many politicians had a voice to talk about the importance of cryptocurrency regulations.

Continue Reading

All News

Bank Bans Credit Card Crypto Purchases

Published

on

By

The Lloyds Banking Group in Britain is one of the giants in the whole world and the largest in the UK, and it has recently become the first major credit card provider in the country to ban its customers from using credit cards to purchase digital currencies.

Credit Card Ban: Cryptocurrencies

The ban comes after the case of J.P. Morgan Chase, Bank of America, and Citigroup’s similar choice yesterday to ban credit cards purchases of cryptocurrencies for all their customers.

Lloyds, has in itself Halifax, Bank of Scotland, and MBNA, and it will block its 9 million credit card users from buying cryptocurrencies.

However, Lloyd’s customers will still be free to buy cryptos with debit cards.

The credit card crypto ban came into place after Bitcoin saw a huge price drop in the market this week, falling below $8000 for several days which is not very good for the mainstream crowd.

Lloyds stated that the ban will “protect customers” that could store big amounts of credit debt if the market price keeps going crazy, which it may, if cryptos stay true to their rule of volatility

Continue Reading

All News

Airline in Japan to Support BTC

Published

on

By

Japanese airline, Peach Aviation has announced that it plans to accept Bitcoin (BTC) as a payment method.

Airline BTC Payment

The idea had been delayed, however it has been confirmed that they will in fact go through with it.

Japanese broadcasting corporation NHK World had previously posted an article about Peach Aviation doubting cryptocurrencies after the Coincheck hack for $534 mln. The article was removed not long after.

According to the airline, the rumors that Peach Aviation would not follow through with their BTC payment option after the NHK article, are false.

They said:

“There have been some reports today on our company retracting its plan to enable airline tickets to be purchased with Bitcoins; however, this is not something that was announced by our company and is not a fact. We are currently considering our start period in aiming to introduce such a service.”

Although it is still a new thing to include cryptocurrencies as a form of payment in airlines, Peach Aviation is not the first to accept them.

Back in July 2017, AirBaltic introduced to their customers the option to purchase flights with Bitcoin. On the Blockchain court, Singapore Airlines have just today, announced a Blockchain-based frequent flyer app which will be releasing in August this year.

Continue Reading

Trending

Get 97% OFF our Complete Course on Cryptocurrencies (BTC, ETH and more)HERE
+ +