• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News
    U.S. Government Holds $21.24B in Cryptocurrency Assets

    U.S. Government Holds $21.24B in Cryptocurrency Assets

    Japan's FSA Plans Bitcoin Custody for Banks

    Japan’s FSA Plans Bitcoin Custody for Banks

    Japan's FSA Considers Allowing Banks to Hold Bitcoin

    Japan’s FSA Considers Allowing Banks to Hold Bitcoin

    Bitcoin's Role in Corporate Strategy: Insights from Michael Saylor

    Michael Saylor Reaffirms Bitcoin Strategy Amid Market Changes

    BlackRock Clients Reportedly Sell $268.6M in Bitcoin

    BlackRock Clients Reportedly Sell $268.6M in Bitcoin

    BlackRock Clients Offload $268M in Bitcoin Assets

    BlackRock Clients Offload $268M in Bitcoin Assets

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar
    OpenSea Announces SEA Token Launch for Q1 2026

    OpenSea Announces SEA Token Launch for Q1 2026

    Solana Price Drops Amid Derivatives Market Slowdown

    Solana Price Drops Amid Derivatives Market Slowdown

    Solana Faces Bearish Pressure Amid Derivatives Slowdown

    Solana Faces Bearish Pressure Amid Derivatives Slowdown

    Jupiter DEX Launches Ultra V3 with Advanced Features

    Jupiter DEX Unveils Ultra V3 with Iris Router

    Ripple Executes $500M XRP Transfer for Treasury Strategy

    Ripple Executes $500M XRP Transfer for Treasury Strategy

    Ripple Executes $500M XRP Transfer for Treasury Initiative

    Ripple Executes $500M XRP Transfer for Treasury Initiative

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Russia MP Predicts a Sad Future for the Current Class of Cryptos

Joshua T. by Joshua T.
October 25, 2018
in Latest News
russia

The head of the State Duma Committee on the Financial Market— Russia, Anatoly Aksakov, recently made a statement regarding the future of the present class of cryptocurrency.

Aksakov Thinks the Future of Crypto is Sad

Aksakov, went ahead to describe the future of cryptocurrency as a very sad one. He further made it clear that he is of the belief that the present set of cryptocurrency will disappear from the financial market over time. He made this known through a recent interview he was part of. The interview was conducted on the parliamentary television channel Duma TV.

When asked for the reason behind his opinion, he made it known that the industry has allowed several cryptocurrencies with no actual meaning or groundbreaking functions to thrive. He also made it known that there are several cryptocurrencies which are serving the same function and purposes.

As a result of this, the industry is no longer as secure as it was meant to be. He also spoke on the huge surge in the price of bitcoin and other cryptos late last year.

He stated that:

“The unjustified excitement resulted in the fact that the bitcoin price soared to $20,000. However, now the hype has disappeared, interest in cryptocurrencies is falling, and they will disappear from the financial market”

New Draft Law

He further made it known that this opinion was the reason behind the exclusion of concepts such as: mining’ and ‘bitcoin’ from the draft law “On digital financial assets,” where he was part of the main contributor.

He further stressed that the draft law will indicate that the distributed ledger technology can be used for organizing initial coin offering and the work of investment companies.

Aksakov was however very optimistic about the future of blockchain technology as a whole. He also referred to blockchain technology as promising. He is of the belief the system will correct itself to allow for legitimate cryptos.

Tags: CryptocurrencyCryptosDistributed Ledger TechnologyFinancial MarketLedgerRussia
Previous Post

Binance Coin (BNB) Review: All About This Cryptocurrency

Next Post

Ripple Sold $163M in XRP Cryptocurrency in the Third Quarter of 2018

Joshua T.

Joshua T.

Related Posts

US Government Crypto Holdings Rumored at $21.24 Billion

US Government Crypto Holdings Rumored at $21.24 Billion

by Solomon M.
October 19, 2025

Rumors surface about US government's $21.24B crypto holdings with no official confirmation found.

US Government Crypto Holdings Report

Claimed US Crypto Holdings worth $21.24B Unverified

by Solomon M.
October 19, 2025

Claims of US Government crypto holdings at $21.24B remain unconfirmed, lacking primary source verification.

Emirates NBD Acquires 60% Stake in RBL Bank

Emirates NBD Acquires 60% Stake in RBL Bank

by Solomon M.
October 19, 2025

Dubai's Emirates NBD purchases a 60% stake in India's RBL Bank for $3 billion, marking India's largest banking FDI.

Emirates NBD Acquires 60% Stake in RBL Bank for $3.05 Billion

Emirates NBD Acquires 60% Stake in India’s RBL Bank

by Solomon M.
October 19, 2025

Emirates NBD buys a 60% stake in RBL Bank for $3.05 billion, a landmark deal in India.

Barron Trump's Crypto Success and World Liberty Financial's Market Impact

Barron Trump Boosts Net Worth via Crypto Venture

by Solomon M.
October 19, 2025

Barron Trump, 19, co-founds World Liberty Financial, amassing $150 million net worth from crypto.

Barron Trump Leads $150M Crypto Venture at Age 19

Barron Trump Leads $150M Crypto Venture at Age 19

by Adriana M.
October 19, 2025

Barron Trump spearheads World Liberty Financial, amassing $150M net worth at 19.

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.