Author Archives: creative

Norwegian Salmon Exporter Fights Food Fraud With Blockchain

Norwegian salmon producer Kvarøy Arctic has joined the IBM Food Trust to increase transparency and help prevent fraud in the seafood industry. The Norwegian-based producer of farmed-salmon, Kvarøy Arctic, has become the latest firm to join IBM’s Food Trust — the tech giant’s blockchain-based supply chain solution for the food industry.  Kvarøy Arctic is a supplier for numerous restaurants and Whole Foods retailers in the United States and Canada, and will now utilize blockchain technology to provide detailed information on the origin of its produce to restaurants […]

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Three Arrows Capital CEO: ‘Bart Simpson’ Patterns are Here to Stay

Speaking to the Coinist Podcast on June 4, CEO Su Zhu said he believes the Bitcoin price pattern that we saw on June 1 is likely to repeat. Su Zhu, the CEO of Three Arrows Capital, thinks that as long as crypto traders continue to do business with derivatives exchanges, you can expect to see more “Bart Simpson” patterns in the Bitcoin price chart. In a video from Luke Martin’s Coinist Podcast posted to Twitter on June 4, Zhu said the Bart ⁠patterns ⁠— named after their […]

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Could Bitcoin Trading Volume Really 100X in Four Years?

How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025? In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S equity market, if growth rates are maintained. But how likely is it really? The report cites Bitcoin as an asset class with incredible growth potential due its low trading volume compared with more traditional markets:  “The interpretation is that Bitcoin, in its current state, is most comparable in size to a […]

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Kyrgyzstan Poised to Legitimize Crypto Mining

Kyrgyzstan’s parliament is deliberating on a tax regime for miners that would be the country’s first regulated framework for crypto activities. Lawmakers in the Kyrgyz Republic are considering a bill to tax and regulate cryptocurrency mining activities.  The bill, On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing taxation obligations for miners, in addition to establishing clear definitions for the terms ‘virtual assets’ and ‘mining’ within the context of cryptocurrencies. If passed, the new taxation regime would comprise the first […]

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‘Bitcoin and Black America’ Author: Protest by Buying BTC

Author Isaiah Jackson says Bitcoin can be an effective protest against financial institutions for those who can’t take to the streets. Bitcoin & Black America author Isaiah Jackson says that people invoking Bitcoin during the protests over the police killing of George Floyd have identified the “real enemy” — a legacy financial system that shuts out African Americans.  Jackson spoke to Cointelegraph on June 4, saying he welcomed pictures on social media of protesters holding up signs promoting the cryptocurrency. He said the result of black people […]

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Bitcoin to Rise to $20K This Year Spurred by Government Money Printing and Covid-19: Bloomberg

Bloomberg has forecast bitcoin to reach its record high of $20,000, and possibly $28,000, this year. According to the company’s June Crypto Outlook report, “something has to really go wrong for bitcoin not to appreciate in value.” Bloomberg points to quantitative easing and the coronavirus pandemic as the fuel behind bitcoin’s maturity, particularly when benchmarked against the falling stock market and crude oil. Both factors will cause the price of bitcoin (BTC) to rise. “Covid-19 is hastening the shift away from paper money and stimulating plenty of […]

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New Head of US Regulator and Former Coinbase Lawyer Invites Banks and Crypto to Collaborate

Following a request for input on how crypto and banking can work together, new acting Comptroller of the Currency Brian Brooks talks first priorities in work with the industry. In a June 4 announcement, the Office of the Comptroller of the Currency (OCC) is looking for banks and crypto firms to weigh in on how the two can interact.  Crypto meets banks The Advanced Notice of Proposed Rulemaking asks banks and industry leaders to respond to a number of questions — notably: “What activities related to cryptocurrencies […]

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Patoshi Researcher: ‘Satoshi won’t use his coins ever’

Renowned researcher believes that Satoshi was altruistic and thus will never spend his 1.1 Bitcoins, making it the fairest asset. The researcher who identified 1.1 million Bitcoins (BTC) that Satoshi Nakamoto mined, said that his research makes him believe that Satoshi was altruistic and will never spend his coins. Sergio Demian Lerner, the designer of the second layer Bitcoin protocol RSK and renowned crypto researchers in the Reddit AMA said that it took him three years to discover privacy flaws in the Bitcoin code that led to […]

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Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons

European startup Revolut reportedly asked employees to leave as part of a cost-cutting effort amid difficult times. In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired. “Some of the employees allegedly pressured to leave have been left stranded in a foreign country without a job or health insurance in the middle of a pandemic,” describes author Emiliano Mellino, collecting stories from multiple Revolut employees. The company reportedly staffed a great number of employees at […]

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A Number of Hong Kong Vending Machines Support Bitcoin Cash Payments Over BTC

Just recently, cryptocurrency evangelist Roger Ver shared a video on Twitter that shows a number of vending machines in Hong Kong that accept bitcoin cash and ethereum, but not bitcoin. A bunch of people got upset at the Tweet, including the crypto-pundit Tone Vays because they couldn’t deal with the fact that onchain bitcoin transactions could not provide such services. The reason bitcoin cash is supported by these vending machines in Hong Kong is because bitcoin transaction fees are 1,931x more expensive than bitcoin cash transactions. Hong […]

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