Monthly Archives: April 2018

Crypto ‘Doesn’t Pass Test Of What A Currency Should Be’, Says Likely NY Fed President

The expected next president of the New York Federal Reserve Bank said that crypto ‘doesn’t pass the test’ of what a currency ought to be. The expected next president of the New York Federal Reserve Bank said that cryptocurrency “doesn’t pass the the basic test of what a currency should be”, CNBC reports April 20. John Williams, who is currently the head of the San Francisco Federal Reserve Bank said in a speech Friday that a currency should be “basically something with a store of value.” He […]

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“Venture Capital Working Group” Seeks Select Cryptocurrency “Safe Harbor”

Several venture capitalists (VCs) and entrepreneurs have been petitioning federal authorities to see certain virtual currencies in a “different light.” Right now, many cryptocurrencies are in danger of being classified as “securities,” which would place them under strict regulatory scrutiny. Working to change this, venture capital firms Andreessen Horowitz and Union Square Ventures have gathered a team of lawyers and investors known as the “Venture Capital Working Group” to meet with the U.S. Securities and Exchange Commission (SEC) to develop what they call a “safe harbor” for […]

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Amazon Web Services Releases Blockchain Frameworks For Ethereum And Hyperledger Fabric

Amazon Web Services has launched a tool to allow users to build Blockchain DApps running on Ethereum and Hyperledger Fabric. Amazon Web Services (AWS) cloud platform has recently introduced its Blockchain framework for Ethereum (ETH) and Hyperledger Fabric allowing users to build and manage their own Blockchain-powered decentralized applications (DApps), AWS announced in a blog post Thursday, April 19. According to the statement, users will be able to create their own Blockchain applications via the AWS CloudFormation Templates tool to avoid the time-consuming manual setup of their […]

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German Cops Look Hard at Antics of ICO Savedroid After Ghost Prank

The same German online news outlet that broke the Savedroid supposed exit scam, turned gotcha publicity stunt, is reporting prosecutors just might have a legal case against the initial coin offering (ICO) outfit. Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank German Prosecutors Consider Legal Action Against Savedroid Wirtschafts Woche, the same German source that announced a $50 million exit scam by ICO Savedroid, is reporting prosecutors in Frankfurt are examining the “extreme advertising campaign” of the startup. After an elaborate hoax was played […]

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Bitcoin Set For First Biweekly Gain This Year, Buying Strongest Since March 2017

Bloomberg reports that Bitcoin is set for its first back-to-back weekly gain of 2018, bringing it up almost 29% over the two-week period. Spring’s chorus of bullish predictions for Bitcoin appears to be having some corroboration from recent markets, as Bloomberg reports on Bitcoin’s 4 percent gain today, April 20, putting the coin on track for its first back-to-back week of gains this year. Bloomberg notes the recent upswing has brought BTC’s gains over the two-week period to almost 29 percent, with an upward trend for other […]

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Startup Jobs Site AngelList Reports Doubling Of Crypto Jobs Since New Year

Crypto-related job posting on AngelList has gone up since January despite the markets going down, data shows. AngelList, a website for startups offering vacancies to job seekers and investment opportunities for angel investors, reported that the number of crypto job openings has doubled in the past three months, according to their weekly newsletter published Thursday, April 19. According to data from AngelList’s newsletter – this week titled “Bitcoin is (not) dead” – the number of new jobs related to cryptocurrency listed in December 2017, when Bitcoin (BTC) […]

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Mt Gox CEO Mark Karpeles Lands New Job — CTO for Cryptocurrency Firm

The infamous former CEO of the now defunct bitcoin exchange Mt Gox, Mark Karpeles, is trying to start over with a clean slate in life. Karpeles has revealed to the media that he’s started a new C-level position as the Chief Technology Officer (CTO) for a firm called London Trust Media. The technology company invests in virtual private network companies and cryptocurrencies. Also Read: Indian Exchange Takes Central Bank to Court Over Bank Ban The Notorious Mark Karpeles Lands a C-Level Position With a Firm That Dabbles in […]

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PR: After the First Blockchain Transaction in US, Real Estate Marketplace Propy Announces a New Developer Program

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. California-based blockchain startup Propy, is bringing the commercial use of blockchain technology to the US. After facilitating the first US Blockchain-based real estate deed in Vermont, Propy announced a new open source Developer Program. The idea behind Propy: it allows anyone to […]

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Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG

Jessie Powell, the CEO of U.S.-based cryptocurrency exchange Kraken, has publicly stated his refusal to answer a questionnaire issued by the New York Attorney General’s office. Mr. Powell has described the questionnaire – which was sent to thirteen virtual currency exchanges operating in the United States – as hostile to both cryptocurrencies and the virtual currency sector generally. Also Read: Institutional Demand for Bitcoin and Crypto Resurges Kraken CEO Rejects Questionnaire From New York Regulators The chief executive officer of major cryptocurrency exchange Kraken, has criticized a questionnaire […]

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JPMorgan Tests Its Quorum Blockchain Platform After Year Of Development

JPMorgan and several large banks have tested JPMorgan’s Quorum Blockchain platform after a year of development JPMorgan Chase, the National Bank of Canada, and other banking sector participants have tested the Quorum Blockchain platform with the intent to make the process of issuing financial instruments more efficient, Reuters reports Friday, April 20. Other participants in the April 18 experiment were Goldman Sachs Asset Management, Pfizer Inc, Legg Mason Inc’s Western Asset, and other certificate of deposit investors. Reuters writes that the test on Quorum, which JPMorgan has […]

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