Medici Ventures Company Bitsy Launches New Crypto Wallet For Money Transfer

During his trips to Washington D.C., Jonathan Johnson, president of Medici Ventures and former gubernatorial candidate in Utah, always talks to cab drivers in his travels around the city. Most of the cab drivers are Ethiopian who travel back to their native country infrequently, he says, adding that they send money to their family via Western Union, he says. “The percentage that Western Union takes … Continue reading Medici Ventures Company Bitsy Launches New Crypto Wallet For Money Transfer

How Do Investors Profit From Stablecoins?

Even as a swirl of doubts engulf the utility of Tether, the numbers of stablecoins to prop up cryptocurrency markets has multiplied dramatically this year. The stablecoins list includes the likes of Basecoin, MakerDAO, and Havven, all of which have received funding from marquee names in the venture capital industry. The Winklevoss brothers, who are pioneers in cryptocurrency markets, also recently launched the Gemini dollar, … Continue reading How Do Investors Profit From Stablecoins?

Is Ether Useless?

Ethereum’s ether was among the biggest losers in the cryptocurrency crash that occurred earlier this week. Since Wednesday, the cryptocurrency has lost approximately 23% of its value, shedding a substantial portion of gains it eked out during a decline in bitcoin’s price. On an overall basis, ether is down by 84.3% from its peak during the second week of January this year. Ether’s ebbs and … Continue reading Is Ether Useless?

Goldman Sachs CFO Says Reports About Reconsidering Bitcoin Trading Is “Fake News”

Multiple recent reports have attributed the crash in bitcoin prices and cryptocurrency markets to investment bank Goldman Sachs’ decision to reconsider entry into bitcoin trading. But that may not be true. In an interview at Techcrunch Disrupt, Marty Chavez, CFO at Goldman, termed the reports as “fake news”. “I was in New York yesterday and I was co-chairing our risk committee, and I saw the … Continue reading Goldman Sachs CFO Says Reports About Reconsidering Bitcoin Trading Is “Fake News”

Can Liberal Radicalism And Quadratic Voting Solve Governance And Funding For Cryptocurrencies?

Besides providing the impetus for creation of another cryptocurrency, the 2016 hack of Decentralized Autonomous Organization (DAO), a human-less venture capital firm, also highlighted flawed governance models in cryptocurrencies. When faced with the choice of either freezing investor funds (and avoiding a blockchain split) or creating a hard fork with a new set of rules to return funds to investors, ethereum’s core developers opted for … Continue reading Can Liberal Radicalism And Quadratic Voting Solve Governance And Funding For Cryptocurrencies?

Bitcoin Price Continues To Crash; Crypto Markets Follow

Bitcoin price and crypto markets continued their tumble from yesterday even as a slew of news that could be construed as positive emerged regarding the cryptocurrency. Bitcoin continued its downward descent, falling by as much as 8% from its price 24 hours ago. At 17:09 UTC, it was changing hands at $6403.66, down 4.24% from a day earlier. The marquee cryptocurrency’s fall this week has … Continue reading Bitcoin Price Continues To Crash; Crypto Markets Follow

Bitcoin Price, Crypto Markets Fall After Goldman Reconsiders Crypto Trading

Bitcoin price retreated this morning, losing 6% of its total value in an hour, after the publication of a news report stating that investment bank Goldman Sachs may be reconsidering its foray into bitcoin trading. As of this writing, bitcoin was trading at $7009.59, approximately 5% down from its price 24 hours ago. The original cryptocurrency fell below $7,000 at 11:06 UTC this morning before … Continue reading Bitcoin Price, Crypto Markets Fall After Goldman Reconsiders Crypto Trading

The Case Of The Disappearing Petro, Venezuela’s National Cryptocurrency

When Venezuela’s petro was launched in February this year, the country’s president Nicolas Maduro had great hopes for it. “Today, a cryptocurrency is being born that can take on Superman,” he said, in a reference to the U.S. sanctions which crippled Venezuela’s economy. The petro would presumably help the South American nation circumvent sanctions by enabling another unit for international trade, instead of the commonly-accepted … Continue reading The Case Of The Disappearing Petro, Venezuela’s National Cryptocurrency

Top Universities Take The Lead In Crypto Courses And Education

The blockchain future might arrive sooner than you think, if the proliferation of courses related to cryptocurrencies and blockchain is any indication. According to research conducted by Coinbase and Qriously, a London-based ad-tech firm, 42 of the world’s top 50 universities have already jumped onto the cryptocurrency and blockchain bandwagon by offering, at least, one class on the subjects. 22 percent of such universities offer … Continue reading Top Universities Take The Lead In Crypto Courses And Education

Coinbase’s Plan To Secure Customer Bitcoin

Bitcoin custody has become a major stumbling block in the cryptocurrency’s evolution from a renegade asset to a legitimate investment vehicle. In its January letter outlining concerns for a bitcoin ETF approval, the SEC mentioned custody as a problem area. Per a 1940s act, funds are required to maintain commodities with a custodian approved by the agency. While there are companies that offer custodian services … Continue reading Coinbase’s Plan To Secure Customer Bitcoin

What Does The Increase In Bitcoin Shorts Mean For Its Price?

The number of bitcoin shorts has skyrocketed over the labor day weekend. According to Forbes contributor Billy Bambrough, a short position for 10,000 bitcoin was opened over the weekend. Another report claims that bitcoin shorts surged to $87 million during the same time period. BitMEX, a China-based platform for bitcoin trading, also claims that bitcoin shorts on its platform have skyrocketed. This is a significant … Continue reading What Does The Increase In Bitcoin Shorts Mean For Its Price?

How Civil Aims To Transform Journalism Through Blockchain

“The kind of play between advertisers and publishers; there’s a tension there,” says Kirk Ritchey, chief technology officer at Luminary Media. “That tension can influence editorial decisions.” And, so it was that the Hudson Valley-based outfit was decided to minimize reliance on advertising as a source of revenue for its soon-to-be launched local news publication, The River. The team at Luminary Media opted to host … Continue reading How Civil Aims To Transform Journalism Through Blockchain

How Long Will The Slide In Bitcoin Price Last?

A slew of recent good news about bitcoin has failed to bring cheer to cryptocurrency markets. Bitcoin price, which rallied to surpass $8,000 last week, is back under $7,000. Even the news about Intercontinental Exchange’s (ICE) decision to launch a startup for bitcoin futures trading resulted in only a brief bump to the cryptocurrency’s prices. The SEC’s announcement to postpone a decision regarding VanEck-SolidX’s proposal … Continue reading How Long Will The Slide In Bitcoin Price Last?

Are Gold ETFs a Blueprint For Bitcoin ETFs?

The introduction of bitcoin ETFs is important to advance the Bitcoin ecosystem. Financial experts often point to gold, whose ecosystem exploded after capital made its way into the industry. Bitcoin has aspirations to become a similar store of value, a digital gold so to speak. But the precious metal has had a head start on its digital counterpart. It has been traded for several centuries … Continue reading Are Gold ETFs a Blueprint For Bitcoin ETFs?

Three Benefits Of ICE’s Entry Into Crypto Trading

Big names have been missing from the cryptocurrencies even as the industry has gained rapid mainstream traction. The bitcoin ecosystem is littered with names that are mostly unknown and new. That wouldn’t be such a problem if its credibility had not been further eroded by scandals and hacks. Entire cryptocurrency exchanges have closed operations due to hacks. Institutional investors, who provide capital to keep markets … Continue reading Three Benefits Of ICE’s Entry Into Crypto Trading

IBM Partners With Startup To Launch New Stablecoin

Does the cryptocurrency world need another stablecoin? IBM Corp., a company which has been struggling to convince the stock market of its future growth prospects, seems to think so. The Armonk, NY – based company has partnered with Stronghold, a startup, to launch a stablecoin (or coins that are backed by fiat currencies) insured by banks certified by the FDIC. The stablecoin is called USD … Continue reading IBM Partners With Startup To Launch New Stablecoin

Bitcoin Price Breaks Out Over $7,000 Barrier

Could this be the start of a turnaround? Bitcoin price, which has been in a downward spiral since the start of this year, is showing signs of reversing course. It raced past $7,000, a figure it had last touched more than a month ago, this afternoon. Within a short time span of two hours, bitcoin price jumped by 8.6% to $7,341, before settling into a … Continue reading Bitcoin Price Breaks Out Over $7,000 Barrier

Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Despite the precipitous decline in it’s price, bitcoin’s hashrate (or the amount of computing power deployed to its network) has skyrocketed. Approximately a year ago, bitcoin had 6.018 exahash of computing power dedicated to its network. As of yesterday, bitcoin’s hashrate was equal to 38.42 exahashes. (1 hash in bitcoin is equal to one round of SHA-256, the cryptocurrency’s mining algorithm and 1 exahash is … Continue reading Bitcoin’s Hashrate Has Skyrocketed In The Last Year. Why?

Bitcoin Price Falls

After registering a sudden bump last week, bitcoin’s price is on a downward roll once again. At 16:30 UTC, the original cryptocurrency’s price is trading at $6,372.01, a decline of 5% from less than 24 hours ago. Bitcoin’s swoon has had a domino effect on prices for other cryptos. Ether, the second most-valuable crypto in the market, is down by 10% from its price yesterday … Continue reading Bitcoin Price Falls

Cboe Again Files To List And Trade Bitcoin ETF

The Chicago Board Options Exchange (Cboe) has again filed an application with the SEC to list and trade bitcoin ETFs. The application, which is for VanEck SolidX Bitcoin Trust, was filed in the last week of June. This is the Cboe’s third attempt to get the federal agency to approve a bitcoin ETF. Its earlier attempts were turned down by the SEC, which highlighted its … Continue reading Cboe Again Files To List And Trade Bitcoin ETF

Hardware Wallet Maker Ledger Launches Software App To Manage Crypto

Hardware wallet Ledger has launched Ledger Live, an app for managing its cryptocurrency hardware wallet. The app supports a broad swathe of popular cryptocurrencies and is open source to enable developers to design third party apps that integrate with other apps in the ecosystem. “We believe that digital asset investment and storage should be as simple as any other online transaction, so we’ve brought together … Continue reading Hardware Wallet Maker Ledger Launches Software App To Manage Crypto