In today’s edition of Bitcoin in Brief we feature stories that show the increased focus regulators have placed on companies operating in the cryptocurrency scene and how it can adversely affect clients. FCA revels it is investigating dozens of ventures, and Poloniex tries to reassure legacy clients that their frozen funds are safe.
Rothschild, a 200-year-old banking dynasty, is a British multinational investment banking company that was founded by the Rothschilds family. The financial advisory of Rothschilds is known to serve the Royal family. The company, over time, has made a fortune with their involvement in the government bond market.
Selastil, a Redditor commented:
“You don’t seem to understand the threat they post to the Ethereum project. Through their networks and lobbying groups, they will create a new currency and use their existing networks to strangle the life out of any opposition currencies. They will begin pushes to “regulate” Cryptocurrency and Blockchain projects and cut off the ability for money to enter and leave the ecosystem by coordinating banks to refuse dealings with crypto or create laws that attack crypto projects.”
From recent discussions at Reddit, Bitcointalk and other complementing forums, the Rothschild family seems to be making inroads into cryptocurrency. While the motive is shrouded in fear and excitement, the fact that a new old money coin backed by billions if not trillions of USD should be a cause of concern.
Like I said their objectives are not clear. Nevertheless, we can speculate that after buying Poloniex via Goldman Sachs which they own, odds are IMMO would most likely be a stable coin. It may be something like Tether but padded by Gold or some precious metals. That’s how these guys have been making their money running the UK’s Government bond markets in the last 200 years. For perspective, Tether through BitFinex have an account with a Dutch bank, Dutch bank ING. The Rothschilds own this bank.
We can see a lot of good news nowadays, but BTC still remains bearish. The longs and shorts final war is going to happen, let's wait and see.
