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Ellen DeGeneres Is Down with Bitcoin

February 17, 2018 |

Ellen DeGeneres is Down with Bitcoin

US daytime television chat show queen, Ellen DeGeneres, featured bitcoin in a recent segment, wondering aloud about its fundamental mysteries with her enthused audience. And while it was a funny look at the cryptocurrency, she managed to expose an often missed demographic to cryptocurrency: baby goat loving moms.

Also read: Citibank India Bans Bitcoin 

Ellen DeGeneres Pokes Fun at Bitcoin

“One thing I am down with right now, that I think everybody is learning about, is bitcoin. Who’s heard of bitcoin? Who can explain what bitcoin is? Liar. Nobody knows how it works. Nobody,” host Ellen DeGeneres, 60, said incredulously during her eponymously named program.   

The Ellen DeGeneres Show is enjoying its 15th year as a daily entertainment talk show. And with over 2,500 episodes under its belt, the Warner Brothers Television distributed program has racked up 59 Daytime Emmy Awards, eclipsing the mighty Oprah. Ellen kicks so much ass, Telepictures signed the show through 2020, even launching a game show component.

Ellen DeGeneres is Down with Bitcoin

“Everybody is talking about bitcoin; nobody understands it,” Ms. DeGeneres continued. “It’s like a plot twist in a confusing movie. When you’re watching a movie and your friends act like they know what’s going on, and you’re like, ‘Yeah, I do too!’ And then you’re like, ‘What the hell is every … I have no idea!’ All I know is that bitcoin is either worth twenty thousand dollars or nothing; that’s what I know. It’s like a digital Antiques Roadshow. You’re just standing in line, and you have no idea until you get there.”

Though she now commands a daily audience nearing 3 million, Ms. DeGeneres has earned her spot among comedy greats. She began in the 1980s as that rather rare bird, a female stand up comedian. In 1990s she had the chance in two situation comedies, neither of which went as well as her present gig, but she forged new ground by publicly announcing her sexual orientation. In 2008 she married girlfriend Portia de Rossi. She is now considered a leading advocate for sexual minorities. She is also famous for her voice work in the Pixar franchises Finding Nemo and Finding Dory, and for having hosted the Emmys, Grammy Awards, and the Academy Awards. She was awarded the Presidential Medal of Freedom by President Obama.  

Ellen DeGeneres is Down with Bitcoin

Economics Ellen

The self-effacing comedian explained, “But they didn’t call me ‘Economics Ellen’ in high school for nothing. They called me that because I failed economics. So I did a little research, and I am going, to the best of my ability, explain how bitcoin works. Okay, first, the article I read said bitcoin is a decentralized digital currency. Now, to be honest, I don’t know what that means. But here’s what I am going to do. I am going to explain it and I think we’re all going to get this. Pretend like bitcoin is a goat. Now, it’s adorable, right? Everyone agrees it’s adorable. And you want to pick it up and you want to pet it, right? But you can’t because it’s not there. It doesn’t exist for except on that internet right there … just like bitcoin is digital currency,” and a visual of a baby goat appeared on a large screen behind her.

“You’re probably thinking: ‘Ellen, if I cannot physically touch it, where do I keep my bitcoin? In a digital purse? Which is a funny idea, but it’s kinda true. You keep it in a digital wallet, okay,” Ms. DeGeneres said, showing pictures of the popular Toast wallet. “And the digital wallet can either be apps on your phone or tiny hard drives like this,” she elaborated, and what appears to be a cold storage product from Ledger flashes on the same screen. “Which is a really good idea because who wouldn’t feel safe with their life savings on a piece of plastic that could go into the washing machine. And it sounds like a Jimmy Kimmel prank, but it’s not. A digital wallet holds all of your bitcoin, unlike your real wallet which holds receipts and punch cards for free Jamba Juice.”

Ellen DeGeneres is Down with Bitcoin

Teasing is certainly welcome in the bitcoin space, especially after the last few months. Though its price is bouncing back, many bitcoiners were starting wonder what would become of the asset. It would be hard to beat 2017’s success. However, if popular acceptance and acknowledgement from the likes of 50 Cent, Jay-Z, and now Ellen are any indication, the ecosystem might be in for another crazy ride.

Ms. DeGeneres ended the segment by suggesting, “I also found out bitcoin operates sorta like the stock market, so say you own one bitcoin and when you bought it it was worth ten thousand dollars, okay? And then for some reason bitcoin becomes worth twenty thousand dollars; you just doubled your money. Personally I’d rather own a baby goat. But that’s just me. Basically if you invest in bitcoin you’ll either be a millionaire or totally broke.”

Is this the year bitcoin moves fully into the mainstream? Let us know in the comments section below.


Images courtesy of Pixabay, Ellen DeGeneres Show, Twitter


Need to calculate your bitcoin holdings? Check our tools section.

The post Ellen DeGeneres Is Down with Bitcoin appeared first on Bitcoin News.

Bitcoin News

Japan Cracks Down on Foreign ICO Agency Operating Without License

February 11, 2018 |

Japan Cracks Down on Overseas ICO Agency Operating Without a License

The Japanese financial regulator will be issuing its first warning since the legalization of cryptocurrencies as a method of payment in Japan. An overseas initial coin offering agency has reportedly been attracting Japanese investors without a license, repeatedly ignoring the agency’s advice to cease operating in the country.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

FSA’s Warning

Japan’s Financial Service Agency (FSA) will issue a warning to an unregistered initial coin offering (ICO) agency, which has been conducting business in Japan without a license, Nikkei reported. The news outlet elaborated:

The warning will be issued to Blockchain Laboratory, based in Macau. The agency has decided the company’s activities could cause investors to incur losses. The FSA will work with the police and the Consumer Affairs Agency to bring criminal charges if the company fails to respond to the warning.

Japan Cracks Down on Overseas ICO Agency Operating Without a LicenseHeadquartered in Macau, “Blockchain Laboratory operates as an initial coin offering agency to raise funds using cryptocurrencies,” the publication described. The company’s activities include cryptocurrency and ICO consulting services and conducting seminars to attract investors.

The FSA has repeatedly advised the company to “halt its business activities in Japan, without success,” the publication detailed. According to the officials of the agency, the FSA “will warn the company directly, and name it on the FSA’s home page.” If the operator still fails to comply, criminal charges will be filed.

License Needed to Operate in Japan

Japan Cracks Down on Overseas ICO Agency Operating Without a LicenseSince the revised payment services law went into effect in April of last year, Japan has recognized cryptocurrencies as a legal method of payment. The law also requires crypto exchanges to register with the FSA. It “allows only registered operators, or those that have applied for registration, to operate in Japan,” Nikkei emphasized.

The warning to Blockchain Laboratory will be the FSA’s first under the revised payment services law. “The move is part of the FSA’s more aggressive scrutiny of the activities of unregistered operators in Japan,” the news outlet conveyed, adding that:

The revised law prohibits such unregistered exchanges from operating and soliciting in the country.

Currently, there are 16 cryptocurrency exchanges with a license to operate in Japan and another 16 are under review, including Coincheck which suffered a loss of 58 billion yen (~USD$ 533 million) in a recent hack.

In a recent interview with news.Bitcoin.com, Bitflyer CFO Midori Kanemitsu said:

Now people understand that they need to use safe exchanges, which are registered with FSA and have a high standard of security.

What do you think of the FSA’s action? Let us know in the comments section below.


Images courtesy of Shutterstock and the FSA.


Need to calculate your bitcoin holdings? Check our tools section.

The post Japan Cracks Down on Foreign ICO Agency Operating Without License appeared first on Bitcoin News.

Bitcoin News

PETA Weighs In on Hamster Flushed Down Airport Toilet

February 9, 2018 |

Airlines are increasingly accepting emotional support animals on flights, but a miscommunication about Spirit Airlines’ policy led to hubbub over a hamster. Belen Aldecosea, a 21-year-old college student who was heading home to Florida for surgery on her neck, says even though she was told over the phone that hamsters…
Newser

Steve Wynn Steps Down

February 7, 2018 |

Steve Wynn, the billionaire casino visionary considered to be the architect of modern Las Vegas, resigned Tuesday as chairman and chief executive of his company in the wake of sexual-misconduct allegations detailed in a Wall Street Journal investigation last month.
WSJ.com: What’s News Asia

Steve Wynn Steps Down

February 7, 2018 |

Steve Wynn, the billionaire casino visionary considered to be the architect of modern Las Vegas, resigned Tuesday as chairman and chief executive of his company in the wake of sexual-misconduct allegations detailed in a Wall Street Journal investigation last month.
WSJ.com: US Business

White House Plays Down Stock Market’s Bad Day

February 6, 2018 |

President Trump himself hasn’t addressed Monday’s miserable day for the stock market, but two White House officials made a point to downplay the trouble and emphasize perspective. “Look markets do fluctuate,” said deputy White House press secretary Raj Shah. “But the fundamentals of this economy are very strong.” Press chief…
Newser

TMZ

Super Bowl Hero Trey Burton Breaks Down Trick Pass to Nick Foles!

February 5, 2018 |

Here he is … the tight end who threw a PERFECT touchdown strike to Nick Foles in the Super Bowl — and now he’s telling TMZ Sports what was going through his mind when he got the call.  Trey Burton said the Eagles had practiced the play…

TMZ.com

Yellen to join Brookings Institution think tank after stepping down as Federal Reserve chief

February 4, 2018 |

Federal Reserve Chairwoman Janet L. Yellen won’t be joining the ranks of the unemployed she worked to try to reduce during her tenure leading the nation’s central bank..

Yellen, 71, whose term as Fed chief ends on Saturday, will start Monday as a distinguished fellow in residence in the economic…


L.A. Times – Business

Stocks Swoon, Sending Dow Down Over 600 Points

February 3, 2018 |

The stock market closed sharply lower Friday, extending a week-long slide, as the Dow Jones industrial average plunged more than 600 points, the AP reports. Stocks ended their worst week in two years, and the Dow’s drop was its biggest in percentage terms since June 2016. Several giant US companies…
Newser

Reax to the ‘Memo’: ‘Headed Down a Dangerous Path’

February 2, 2018 |

Citing “extraordinary” circumstances, the much-anticipated GOP memo on alleged FBI surveillance abuse was given the all-clear Friday by the White House, which declassified the memo without redactions “in light of the significant public interest” in it, per a letter to House Intelligence Committee Chair Devin Nunes from the White House….
Newser