Monthly Archives: April 2018

Citizen Zuck: Facebook Claims To Protect Us From Scams, But Who Will Protect Us From Facebook?

Facebook wants to protect you from crypto ads. But the company is in a bad position to make such choices for others. The internet’s oligopolies are not fond of Blockchain. Early this year, Facebook broke the ice with instituting a blanket ban on all cryptocurrency and initial coin offering (ICO) ads; not long after, Google and Twitter followed suit. While the stated rationale for the ban is protecting users from “misleading or deceptive practices” that are “frequently associated” with the cryptocurrency business, industry commentators ponder on more mercenary […]

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Tim Draper: “Everybody Wants to Leave California”

Tim Draper on Blockchain adoption, regulations in US and China, and why he wants to leave California. Cointelegraph had a chance to talk to Tim Draper, American venture capital investor and businessman, founder of Draper University for entrepreneurs as well as Draper Associates, a VC firm that invested in Tesla, Skype, Baidu, and many other companies. Tim Draper has been involved in different crypto projects, from the purchase of seized Bitcoins from the Silk Road marketplace website in 2014 to advocating Tezos in 2017. He shared his […]

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The Results Are In: Dragonmint T1 Doesn’t Make the S9 Obsolete

There’s been a lot of skepticism aimed at the company Halong Mining and its machine the Dragonmint T1. The firm announced in November of 2017 that it would be distributing its Dragonmint devices in 2018 and stated its miners would be the most efficient machines on the market. So far, after all the controversy, some Dragonmint miners have been delivered and reviews show the machines do produce close to 16 terrahash per second during operation — but the rigs are not even close to being 30 percent more […]

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German Stock Exchange Subsidiary Announces Crypto Trading App Bison

Sowa Labs, a subsidiary of Boerse Stuttgart, Germany’s second-largest stock exchange, has announced a forthcoming cryptocurrency app. The new app, Bison, is expected to be made available in German during Autumn, with an English version expected soon after. Also Read: Russian Court Bans Telegram, Founder Pavel Durov Defiant Boerse Stuttgart Subsidiary Announces Forthcoming App Cryptocurrency Trading Bison will be made available free of charge and is designed to provide a simple means for investors to gain exposure to the cryptocurrency markets. Sowa Labs has claimed that Bison will […]

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Nobel Winning Economist Shiller Says Bitcoin ‘Bubble’ May Be Around For A While

Robert Shiller, Nobel Prize winning economist, is relatively positive about Bitcoin’s future, even as a “bubble.” Nobel Prize laureate for economics Robert Shiller believes that while Bitcoin (BTC) might be a bubble, that doesn’t mean that it will burst and be gone forever, according to an interview on April 13 with CNBC’s Trading Nation. Shiller, who is currently a professor of economics at Yale University, referred to BTC as “another example of faddish human behavior. It’s glamorous”: “I’m interested in [B]itcoin as a sort of bubble. It […]

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Wendy McElroy on Decentralization: “Give Power Back to the Individual”

The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 7: Decentralization Decentralization (Chapter 7, Part 1) A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system. –Satoshi Nakamoto (Note: This article consciously side-steps the question of how decentralized […]

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CNBC’s Brian Kelly Supports Tim Draper’s BTC Prediction Of $250,000 By 2022

Tim Draper predicted BTC could hit $250,000 by 2022, and CNBC Fast Money’s Brian Kelly sees this potential 3000 percent return as a “continuation of the trend.” After investment tycoon Tim Draper said earlier this week that Bitcoin (BTC) could hit $250,000 by 2022, CNBC Fast Money’s Brian Kelly has supported this prediction in a CNBC interview from yesterday, April 13. In response to a question about Draper’s high prediction, Kelly responded that although “it sounds crazy,” when one considers that BTC already had a 4,000 percent […]

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Bitcoin Magazine’s Week in Review: Startups Are Making Progress

Golem has lumbered in from the wilderness now with its first beta release, the Brass Golem, bringing the notion of Airbnb for computers to life on Ethereum. Also in Ethereum news, Ether Capital seeks to be a steadying and calming force in the Ethereum technology and ICO space. Samsung has now confirmed that it is manufacturing ASIC chips for Halong Mining, while the ASIC-resistant hashing algorithm that is part of Ravencoin has peeked its head above the clouds with a new white paper and detailed roadmap. In […]

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Crypto Hedge Fund Pantera Capital: BTC Will ‘Highly Likely’ Break $20,000 This Year

Cryptocurrency hedge fund says that BTC’s drop to $6,500 was most likely a low for the currency, which will “most likely” surpass $20,000 again this year. Pantera Capital Management, a hedge fund with a focus on cryptocurrencies, said in their April newsletter that Bitcoin’s (BTC) price of $6,500 was probably the low for the cryptocurrency, and that it was “highly likely” BTC’s price will reach above $20,000 this year, the Wall Street Journal (WSJ) reported Friday, April 13. In December of last year, CEO of Pantera Capital […]

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Wall Street Banks See Share Prices Fall While Crypto Markets Surge

Three Wall Street banking giants saw their share prices fall on April 13, despite at the same time reporting strong first quarter earnings. While Wall Street giants JP Morgan and Citigroup experienced strong first-quarter earnings, their share prices overall fell, the Wall Street Journal (WSJ) reported Friday, April 13. The WSJ reports that while equity trading revenue rose by 26 percent to $2 bln at JP Morgan, which also saw a 35 percent net profit rise, and Citigroup’s equity trading revenue up 38 percent to $1.1 bln, […]

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