Sentences with phrase «confidence in the cryptocurrency»

Warning that the use of bitcoins as an investment tool is limited because there is no underlying asset and the virtual currency is subject to high volatility, the central bank said speculators are at risk, as they would have no legal recourse if there is a loss of confidence in the cryptocurrency or if they are victims of theft from hackers.

Fowler told Bitcoin Magazine, «We believe that a consolidated data source, resulting from the combined participation of a strong and growing list of exchange partners globally, will enable us to address these gaps and thereby promote better liquidity, price stability, and public confidence in cryptocurrency as asset class.»

Steeves also mentioned that Metropolis» upgrading from Ethereum increased confidence in cryptocurrency.

The Mt. Gox collapse precipitated a Bitcoin price crash of more than 70 %, shaking investors» confidence in the cryptocurrency for so long that it took Bitcoin more than two years to recover.

Mike Komaransky reportedly supported every new retailer that accepted bitcoin a few years ago, just to signal confidence in the cryptocurrency.

Steeves further noted that Ethereum's Metropolis update has also boosted confidence in the cryptocurrency.

Investor confidence in cryptocurrencies will significantly falter in the event of a Bitcoin crash, and it may take years to revive it.

Confidence in cryptocurrency in Japan seems to also be at an all - time high, and perhaps it's forward - thinking adoption and tolerance could serve as a timely reminder for the rest of Asia and the West to come to terms with methods of conducting non-harmful regulation and to perhaps do it in a more timely fashion.

«As with other crises, communicating the root cause of the hack has been identified and remediated may help to ameliorate consumer confidence in the cryptocurrency exchange.

These concurrent factors led the Steam team to lose confidence in the cryptocurrency as a payment option.

Moreover, as we have seen with the contentious Bitcoin hardfork debate, the relative ease with which the Ethereum community was able to agree to the Byzantium upgrade is a further vote of confidence in the cryptocurrency.

Bitcoin Cash is a movement that claims it wants to increase confidence in cryptocurrency, as Bitcoin has been criticized for slow transaction times, high mining fees and high energy consumption, factors that BCH's supporters feel it combats.

Recently we have had FUDs fuelled by rumors of the governments» crackdown, however, many of these governments have come up with positive news as of late and this has helped restore some confidence in the cryptocurrencies.