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BITCOIN


According to statistics from the United Nations Refugee Agency, there are 25.4 million refugees in the world and some 3.1 million asylum seekers. On this year’s World Refugee Day, we’re reminded of the perpetual crises that plague our international communities and the displaced individuals they create. For those in the blockchain industry, today may also serve …

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Tether Ltd., which issues a stable coin allegedly tied to U.S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD. While the law firm did not perform …

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Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies. Since the report’s publication, many leaders in the crypto community have argued that the BIS is incorrect in much of what it seems to …

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Hackers have reportedly made away with cryptocurrencies worth $30 million from Bithumb, South Korea’s leading exchange, according to reports from a blog update. The exchange states that due to the hack, deposits and withdrawals will be temporarily suspended until further notice. Bithumb’s blog post reads “Due to security issues; we are changing our system regarding …

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Bitcoin (BTC) suffered a minor dip last night after it was revealed that hackers had again breached a major cryptocurrency exchange, but the charts still favor a corrective rally to $7,000. The cryptocurrency fell from $6,740 to $6,560 after Bithumb – the sixth largest cryptocurrency exchange in the world by trading volume – confirmed that …

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Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G. Gresta, former SWIFT CEO Leonard Schrank, and Ledger president Pascal Gauthier. The company will assist startups with initial coin offerings (ICOs), business …

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The Digital Future Council made its public debut on June 18, 2018, at the 2018 Cannes Lions International Festival of Creativity. With founding members from such organizations as IBM, Vice, CNN, Lego and Warner Bros., the council was formed as an informational intermediary to find common ground between creative and technological industries. The Digital Future …

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For Lloyd Blankfein, bitcoin just isn’t his thing. The Goldman Sachs chairman and CEO said in an interview on Tuesday that “it’s not for me” when asked about the world’s largest cryptocurrency by market capitalization. Appearing at the Economic Club of New York, he remarked: “I don’t do it. I don’t own bitcoin.” Blankfein has struck …

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Mining firm and blockchain software service company Bitfury wants to expedite blockchain development for traditional enterprise and business. Working toward this goal, the company announced today that it’s introducing Java binding for its blockchain service, Exonum. The soon-to-be-available binding comes with a software development kit that will allow developers to build private chains on Exonum …

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Yao Qian is the director-general of the Institute of Digital Money of the People’s Bank of China. This article represents his personal academic opinions and does not represent the opinions of the institution. Bookkeeping refers to the recording of economic data in account books. A ledger, therefore, is a book with a certain format based …

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Despite the bearish chart setup, bitcoin (BTC) rose to a six-day high on Monday, putting a corrective rally to $7,000 back on the map. The leading cryptocurrency unexpectedly picked up a bid around $6,450 at 16:00 UTC yesterday and rose to $6,850 – the highest level since June 12, according to Bitfinex data. The $400 …

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Have modern internet companies gone too far? According to mathematician and Blockstream research director, Andrew Poelstra, the answer is unequivocally yes. In his view, companies are simply now vacuuming up troves of customer data, which they then sell to others without the owner’s knowledge or benefit. (Think how Instagram owns user images, or Target acquires huge amounts of …

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Bancor has announced today it will launch a network of blockchain-based community currencies in Kenya. The new project is expected to combat poverty through the stimulation of local and regional commerce and peer-to-peer collaboration. By using the Bancor Network, disadvantaged communities in Kenya will be able to create digital currencies that can hold one or …

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As the cryptocurrency market develops and grows, cryptocurrencies have become the subject of an increasing number of securities lawsuits. This year alone, more than 10 cryptocurrency securities lawsuits have been filed in federal district courts throughout the country. While regulations and laws governing the cryptocurrency market continue to develop, recent activity involving cryptocurrency has raised …

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“When Blockchain Revolution came out, bitcoin was worth around $7 billion. Today, it’s more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships.” So reads part of the preface in the newly-released second edition of Blockchain Revolution by the father-and-son team of Don Tapscott, …

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Bitcoin (BTC) is once more facing a drop to (or below) $6,000, with both short- and long-duration charts being aligned in favor of the bears. The cryptocurrency found acceptance above the key resistance of $6,425 (April 1 low) in the second half of last week, raising the prospects of a corrective rally towards the $7,000 …

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It’s been a turbulent time for the cryptocurrency markets, so now is a good time to reflect on how and why we got here in the first place. First, an op ed makes the ideological case for Bitcoin. Then, we continue to review the history of Bitcoin from its Cypherpunk days, with the latest installment …

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Within minutes of rumors spreading regarding the SEC’s classification of both bitcoin and ether, the entire crypto market breathed a sigh of relief as everyone enjoyed a nice bounce. Prior to the news, bitcoin saw several days when buyers began to disappear from the market. After bottoming in the low $6,100s, the SEC news spread …

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Jeff Garzik first tuned the world into his latest venture in the fall of 2017. The Bloq co-founder unveiled Metronome (MET), a cryptocurrency he founded alongside Matthew Roszak, at the Las Vegas Money 20/20 conference in late October, and the project caught the attention of Bloomberg and Fortune at the time. What makes Metronome interesting …

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For many, the experience of adding crypto coins to their financial portfolios has proven to be the thrill of a lifetime. As a new type of holding with a unique set of tools and rules, cryptocurrency is wealth with its own wow factor. But at some point, the giddiness of fiscal discovery should be followed …

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