Monthly Archives: August 2018

Study Provides an Interesting Look at Changing Bitcoin Narratives

Last week Nic Carter, the partner at Castle Island Ventures and co-founder of Coinmetrics.io, published an interesting study that looks at the ever-changing narratives tied to Bitcoin technology. Carter and his fellow researcher Hasufly scraped up a lot of data stemming from Bitcointalk.org posts over the years that highlight some of the community-derived visions of what Bitcoin should be and how these visions have changed over time. Also read: Need Cold Storage? Check Out Bitcoin.com’s Revamped Paper Wallet Generator The Ever-Changing Bitcoin Narratives If you’ve been into cryptocurrencies […]

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Omniex Appoints Former SEC and FDIC Execs to Board of Advisors

Institution-oriented crypto trading platform Omniex appoints former SEC and FDIC execs to its board of advisors. Institution-oriented crypto trading platform Omniex has expanded its staff with high profile experts, including former execs of major U.S. financial regulators, according to a press release Aug. 7. Omniex has appointed former U.S. Securities and Exchange Commission (SEC) chairman Arthur Levitt and Federal Deposit Insurance Corp (FDIC) chair Sheila Bair as members of the board of advisors. The cryptocurrency trading firm also announced that Maartje Bus, former head of capital markets […]

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Bitmain Hits $15 Billion Valuation With Recent Backing From Uber’s Largest Shareholder

Bitcoin mining hardware manufacturer Bitmain is now valued at $15 billion after closing a pre-IPO funding round with backing from tech giants Tencent and Softbank. Bitcoin (BTC) mining behemoth Bitmain is now valued at $15 billion after closing a pre-Initial Public Offering (IPO) funding round with backing from high-profile investors, QQ News reported August 4. The fresh financing deal, which is said to have closed on Saturday, notably includes investments from Chinese tech conglomerate Tencent and Japan’s Softbank, another tech giant whose 15 percent stake in Uber […]

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Maerki Baumann Is the Latest Swiss Bank to Embrace Crypto

Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies. The bank recently published an article on its website entitled, “Cryptocurrencies — What Exactly Are They?” Written by the company’s deputy head of IT and digitization Milko G. Hensel, the article offers a brief description of some of […]

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West Virginia to Offer Blockchain Voting Options for Midterms

American troops serving overseas will be able to cast their votes in West Virginia through a mobile voting platform based on blockchain technology in the federal elections in November 2018. The mobile voting platform, Voatz, will use facial recognition software to match each user’s “selfie-style video of their face” to their government-issued ID, according to a CNN report. Once approved, voters will be allowed to cast their ballot on the app. Ballots will then be anonymized and recorded on the blockchain. Voatz is a Boston-based startup that […]

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Bounty Hunt Gone Wrong: ‘Unhackable’ Wallet Bitfi Denies It Has Been Hacked

Despite firing their social media employee, Bitfi continues to threaten their critics via social media. In July, cryptocurrency hardware wallet manufacturer Bitfi’s executive chairman, John McAfee, claimed that Bitfi was “the world’s first unhackable device,” urging security experts to breach its security for a $100,000 bounty. Since then, a number of reports emerged that suggested Bitfi is not, in fact, “unhackable,” only to be dismissed by the wallet service as well as McAfee himself, steadily making the bounty hunt seem like a tasteless PR stunt. What is […]

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Chamber of Digital Commerce Report, Reviewed

On July 30, the Chamber of Digital Commerce proposed guidelines for the “responsible growth” of the crypto market. On July 30, the Chamber of Digital Commerce (CDC) Token Alliance published a 108-page collaborative report of proposed guidelines for the “responsible growth” of the cryptocurrency market. In the accompanying press release, CDC member Paul Atkins, CEO of Patomak Global Partners and former U.S. Securities and Exchange Commission (SEC) Commissioner, argued that guidelines are needed for the smart regulation that “strikes the right balance between protecting investors while allowing […]

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Innosilicon’s T2-Turbo Bitcoin Miner is Powerful, But GMO’s B3 is Still the Champ

Bitcoin mining is a very competitive industry. It has grown exponentially over the last few years. During the last nine months, there’s been a bunch of new entrants joining the mining rig manufacturing business like GMO Group, Halong Mining, and Ebang. Now there’s a new firm that has partnered with Samsung’s semiconductor foundry called, Innosilicon, which has launched the Terminator 2-Turbo that claims to boost the machine’s hashrate speeds up to 24 trillion hashes per second (TH/s). Also read: Bitmain Launches Key Crypto Mining Facility in Texas      24 […]

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KB Financial Group Report Finds Only 2% of South Koreans Interested in Crypto Investing

A new report from KB Financial Group says that only around 2 percent of South Korean assets holders would like to invest in cryptocurrencies. South Korean financial holding company KB Financial Group Inc. has released an Aug. 6  report on crypto investments in 2018, finding the majority of domestic respondents revealed no intention to invest in crypto. KB Financial Group Inc. is headquartered in Seoul, South Korea and focuses on a range of banking and related financial services. Their survey involved 600 households that had financial assets […]

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Poor Russians More Aware of Crypto Than the Rich, Poll Finds

A recently conducted survey has produced interesting results regarding how much Russians know about cryptocurrencies. People with lower incomes have been found to have a better idea of digital money than their rich compatriots. At the same time, general awareness of cryptos seems to be falling along with their prices. Also read: Crypto Markets Moods Change Two Months After New Trends Number of Crypto-Aware Russians Drops The majority of Russians do not quite understand what cryptocurrency is and have no intentions to acquire digital assets, according to […]

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