Monthly Archives: May 2020

Bitcoin Investment App CEO Calls BTC a Monetary Revolution, Not a Technical One

Bitcoin is not yet a go-to investment option in the public eye, but those days could be coming. What needs to happen for Bitcoin (BTC) to cement its role in the public eye as a valid investment option? “Time,” Aleks Svetski, CEO and co-founder of Bitcoin investment platform Amber, told Cointelegraph in an email. “This is NOT a technological revolution,” he clarified, adding: “It’s a monetary revolution – which takes (traditionally) centuries to manifest, whilst in the digital age, Bitcoin is likely to do it in decades.”  Bitcoin […]

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Moving Coins, Data Breaches, and Magical Authors: Bad Crypto News of the Week

Check out this week’s Bad Crypto News. It’s been a good week for Bitcoin. The halving doesn’t seem to have done the top cryptocurrency any harm at all, with the dollar value up more than 8 percent over the previous week. Ethereum is up more than 10 percent which just shows that the opportunity for blockchain-based solutions are still red-hot. If you’re taking that opportunity to issue tokens or digitized assets and seeking legal counsel with respect to securities and regulation then you should speak to Josh […]

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Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers

Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty. Bitcoin (BTC) mining has become a multibillion-dollar industry. Pools, manufacturers and farms contribute to the growth and professionalization of the space. Financial service companies bring institutional-grade products and capital that increases liquidity for the biggest operators. There’s a fundamental shortage of United States dollars available relative to the overall demand when the sector encounters certain market conditions. The dollar shortage is one of the contributing factors to volatility in […]

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Coldplay Bassist Dives into Bitcoin App World

The crypto space gained another mainstream performer recently as Coldplay’s bass player has funded a Bitcoin app. Scottish Coldplay bass artist, Guy Berryman, has joined the crypto space, funding a Bitcoin (BTC) exchange application called Zumo. “Covid-19 has fast forwarded the move to a cashless society and for safe and easy ways to invest in new forms of currency that are more resilient to crises such as this one,” Zumo CEO and founder Nick Jones told the Edinburgh News.  The app is a basic avenue into Bitcoin  […]

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Carl Menger: The Nature and Origin of Money

In the early stages of trade, when economizing individuals are only slowly awakening to knowledge of the economic gains that can be derived from exploitation of existing exchange opportunities, their attention is, in keeping with the simplicity of all cultural beginnings, directed only to the most obvious of these opportunities. **The following essay was written by the father of Austrian Economics, Carl Menger, and was published in 1892. “The Nature and Origin of Money” was originally published after Menger testified before the Currency Commission in Austria-Hungary the […]

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Researchers Claim 99.9% of Zcash Transactions Are Traceable

A study into the traceability of top privacy coins reveals over 99% of Zcash users fail to utilize the protocol’s privacy features. Researchers from Carnegie Mellon University have released a study into the privacy features of Monero (XMR) and Zcash (ZEC) — arguably the two most-popular crypto assets purporting to offer users anonymity. The report finds that Monero’s introduction of strict security and anonymity requirements on its broader ecosystem has maintained the asset’s status as “effectively untraceable.” Transversely, the report concludes that the lack of utilization of […]

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Cryptocurrency News From Japan: May 17 – May 23 in Review

Bitpoint exchange briefed fiscal year losses, Binance donated masks to Japanese nursing homes, and more headlined news from Japan this past week. This week’s headlines from Japan included BitBank exchange adding three trading pairs, Bitpoint exchange posting decreased fiscal year totals, Bitpoint adding information on its 2019 hack, and Binance donating masks to Japanese nursing homes through its charity arm.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. BitBank adds three more asset pairings  Japan’s BitBank exchange gave details this […]

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Bitcoin Price Ping Pong Within Tighter Range Hinting at $8.5K Next

Bitcoin price looks shaky after dropping below $9.3K support but still remains in a general uptrend since March even if another pullback occurs. The price of Bitcoin (BTC), the top-ranked cryptocurrency by market capitalization, has seen a spike towards $10,500 before the halving took place on May 11. However, the price of Bitcoin has been having problems since the halving and is currently showing more signs of weakness. On the other hand, altcoins have been starting to show signs of life with the BTC market dominance index […]

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CZ Believes Steem Users Should Launch (Another) Counter-Fork

While Binance will support the Steem hard fork to freeze $6M in user funds, CZ offered support to additional forks. Changpeng Zhao, or CZ, the chief executive of top crypto exchange Binance, has issued a statement regarding the recent Steem hard fork that sought to freeze 23.6 million STEEM tokens associated with 64 wallet addresses. Binance will support the fork, however, indicating that they will support future forks executed by those affected within the Steem community. Steem fork attracts controversy The latest fork was ostensibly intended to […]

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Master of Puppets: Bitcoin Cuts the Strings

The centralized financial system has compromised itself several times during the last two decades alone, and now it’s time for a serious change! Did you notice the song that Christian Bale’s character was jamming out to in his office when his partner came in to pull the money in The Big Short? Well, it happens to be my favorite metal band of all time: Metallica. And that song is called “Master of Puppets.” It’s almost ironic that as I was writing this article on the real truth […]

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