Central Banks Will Not Allow Bitcoin to Go Mainstream, Says Harvard Professor 0 39

Since the beginning of the year 2020, Bitcoin (BTC) has been flying high with respect to its price and market capitalization. There have been many mainstream institutions such as PayPal, MicroStrategy, and MassMutual that have played a huge role in deciding the fate of Bitcoin (BTC).

Although Bitcoin (BTC) had mustered a lot of user-base from the private sector, all it required was input from the mainstream sector. This is when PayPal announced that it was going to integrate Bitcoin (BTC) into its platform.

This worked like a charm for Bitcoin (BTC), and the largest cryptocurrency in the entire world got even bigger. Since then, Bitcoin (BTC) has been constantly gaining mainstream adoption and several institutions from around the world have adopted it.

However, similar to the president of the ECB, there are still many who still do not support the idea of adopting cryptocurrencies and Bitcoin (BTC) altogether.

Bitcoin (BTC) has been facing a lot of resistance and hard times from traditional financial institutions. It is the banks that are currently opposing the idea of Bitcoin (BTC) being dealt with as an asset for savings and investments.

The above speculation has also been confirmed by one of the professors from one of the world-renowned universities “Harvard”. Kenneth Rogoff, who is currently a Professor of Economics at Harvard talked about how the central banks currently perceive Bitcoin (BTC).

Rogoff stated that if people think that Bitcoin (BTC) has started gaining mainstream popularity, then they are mistaken. Despite all the success and attention, Bitcoin (BTC) is still far from gaining real mainstream adoption.

However, Bitcoin (BTC) currently has a very harsh and difficult journey ahead as the central banks from around the world are going to give a very hard time.

He stated that the central banks will not let Bitcoin (BTC) gain mainstream success and adoption. The professor stated that other cryptocurrencies are likely to face the same kind of treatment from the central banks.

He stated that for the time being, the majority of the cryptocurrency industry is unregulated. Many cryptocurrency firms in the industry do not adhere to the regulations that include AML and KYC policies.

For now, it is not possible for cryptocurrencies to be given mainstream status in the economy. The first thing that the governments would do is regulate cryptocurrencies and ensure that the policies are being adhered to.

Once the cryptocurrency regulations are streamlined and adherence is above satisfactory levels, then the cryptocurrencies stand a chance of being given mainstream status.

The words coming from Rogoff hold very high significance as he was one of the former chiefs at the IMF.

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

Concern Shared by Roger Ver Over GoDaddy Mistakenly Listing Bitcoin.com for Sale 0 550

Just recently, the owner of Bitcoin.com, publicly announced that his firm is not for sale. Bitcoin.com is a prominent cryptocurrency wallet, mining, and news provider. The firm has gained a lot of recognition and adoption over the course of time and the news of the firm’s sale somewhat concerning.

However, the owner of Bitcoin.com has completely turned down the reports against the sale of the company. He clarified that the company has been performing really well and there is no way that he would ever be selling the company.

According to reports, Bitcoin.com ended up appearing as a premium domain on GoDaddy, as up for purchase. As per sources, the domain started appearing for sale through the platform on Monday, April 5, 2021.

GoDaddy is known all over the world for being the largest registrar for domains. The domain for Bitcoin.com appeared to be available for purchase at a price of a minimum of $100 million.

Right after the incident, the owner of Bitcoin.com, Roger Ver, took it to the Twitter platform to reach out to GoDaddy. Through the Twitter platform, he reached out to GoDaddy and demanded to take the listing of Bitcoin.co off their platform for purchase.

In the Tweet, Roger Ver intimated to the higher-ups of GoDaddy that the listing needs to be removed at the earliest. He stated that the listing of Bitcoin.com being on sale is literally damaging the name and reputation of his brand.

For several years, Roger Ver has been a dedicated investor in cryptocurrencies. He has been linked with the investment sector for cryptocurrencies since early 2011. Following the announcement of the listing, Ver also reached out to one of the crypto-news platforms “Cointelegraph” confirming that the listing posted by GoDaddy is fake.

He stated that as per him it seems to be an attempt by BTC maximalists in order to hamper the reputation and demand of BCH. He stated that this is not the first time they have tried to mingle with Bitcoin.com and tried to destroy its public image.

Prior to the recent incident, the BTC maximalists had attempted to bombard Bitcoin.com emails with spam and the concerning part is that the Bitcoin.com emails seem to be receiving them even to this day.

According to the Bitcoin Cash (BCH) enthusiasts and proponents, the concept of the digital asset is closer to the ideology of Satoshi Nakamoto that Bitcoin (BTC) ever was.

As per the data analyzing firms, the price of BCH token has gained an 11.3% increase on Monday. At the time of writing, the price of the BCH token is trading at $624 per token.

At the time of writing, the listing which showed that Bitcoin.com was up for grabs has completely been removed by the GoDaddy management.

Facebook Data of Half a Billion has been leaked 0 680

Just recently, a security analyst has shared an extremely alarming as well as concerning revelation for half a billion people. The security analyst has revealed that a hacking forum has recently received a huge amount of sensitive personal information of online users.

The analyst has revealed that the sensitive personal information data that the hacking forum has received is for Facebook users. He has also revealed that the hacking forum where the information has been leaked has very high traffic on it. The information around the information leakage was shared by the security analyst on Monday, April 5, 2021.

As the number of the users is more than half a billion, then there are high chances that there will be cryptocurrency holders and traders included in the lists.

In the light of the above, the security analyst has requested all cryptocurrency users as well as the rest to be very vigilant. As a result of the information leakage, these people are now vulnerable to different identity-based scams as well as sim swaps.

The information around the recent leakage was first gathered and shared by the Chief Technology Officer of Hudson Rock, Alon Gal. Hudson Rock is known as a prominent firm in the cyber-security sector.

Alon Gal had shared his finding on the matter through his Twitter account on Monday, April 5, 2021. That is where he shared that there were a total of 533,000,000 users on Facebook that had their sensitive personal information leaked out. In his tweet, he sarcastically stated that the personal information of these many users was given away for free.

He stated that if a user had provided their phone number during the registration process on Facebook, now an unknown number of hackers have access to them.

He also got direct with the management at Facebook, stating that he is now waiting for the Facebook cyber-security teams to acknowledge and confirm this information.

He also criticized the security protocols and systems of Facebook, stating that this is absolute negligence from Facebook’s end. They have again failed to keep the personal data of their users safe and secure from such hackers.

Gal also pointed out that the recent leak that has taken place has been exploited through a security vulnerability that was discovered back in 2019.

Then again, it was confirmed in January of 2021 that the hackers could gain access through the highlighted vulnerability. Through the vulnerability, the hackers could gain access to the phone numbers linked with the users’ Facebook accounts.

He has revealed that now, the hackers are able to access a huge amount of information through the vulnerability. The information hackers now have access to include bio, relationship status, account creation date, email address, DOB, Past Location, Location, Full Name, Facebook ID, and Phone Number.

Editor Picks

Ready To Invest in Bitcoin? - Top 4 Bitcoin Trading Brokers‎ Read More