Monthly Archives: January 2019

Bank of England Adviser: Cryptocurrencies Fail Basic Financial Tests, Lack Value

Senior adviser to Bank of England Governor Mark Carney said that cryptocurrencies are slow, lack value and fail basic financial tests. Huw van Steenis, senior adviser to Bank of England’s (BOE) Governor Mark Carney, told Bloomberg in an interview Monday, Jan. 21, that cryptocurrencies fail fundamental financial tests. Van Steenis joined BOE in 2018, having previously worked at Schroders and Morgan Stanley. He is currently heading a review of the future of finance, according to Bloomberg. When asked about crypto’s potential to become a threat to economic […]

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Blockchain.com Seeks Undisclosed Stablecoin Partnership by End of 2019: Report

Blockchain.com is looking to partner with an undisclosed stablecoin project by the end of 2019, the firm’s CEO reportedly reveals. Crypto wallet provider Blockchain.com is seeking to partner with an unnamed stablecoin project by the end of 2019, the firm’s CEO Peter Smith revealed in an interview with crypto news agency The Block Jan. 21. Blockchain.com, which reportedly provides 32 million wallets, with most of them active to date, is allegedly considering listing a stablecoin on its platform. In the interview, the CEO of Blockchain.com stressed that […]

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ConsenSys Exec: Layoffs Did Not Exceed 10 Percent, Mainly Affect Support Staff

An executive at ConsenSys stated that the firm did not lay off more than 10 percent of staff amid a more competitive market. Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18. Grellet said that the staff cuts were a “natural movement” and mainly affected support staff, while developers and technical employees were […]

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Op Ed: Bitcoin Mining Attacks Are Overblown

Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments: My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners. I’ll leave 1 and the first half of 2 for another day, but the “mining centralization” argument is what I want to tackle in this article. The questions I’ll be answering are: Is Bitcoin mining centralized? In what way do miners “control” Bitcoin? What are the risks of a 51% attack? Are the altcoiners right? Decentralization Decentralization […]

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AI Devs Behind Robot Sophia Partner with Blockchain Agricultural Data Firm

Decentralized AI company SingularityNET and blockchain-powered agricultural data firm Hara announce a partnership to improve farming in Indonesia. Decentralized Artificial Intelligence (AI) firm SingularityNET has announced a partnership with agriculture-focused blockchain startup Hara at the World Web Forum, according to a press release shared with Cointelegraph Jan. 21. Hara’s objective is reportedly to use blockchain to provide Indonesian farmers with useful data like grain price, soil quality and land ownership details. The newly announced partnership between the two firms aims to use this data to offer AI-powered […]

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Russian Institutions Back Proposal to Let Companies Use Cryptocurrency

An idea to allow companies from certain sectors and in some regions to use cryptocurrencies is gaining traction in Russia. The proposal has been included in a draft law prepared by the Economy Ministry, a high-ranking parliamentarian has voiced his support, and big business is discussing its implementation. Also read: No Reason to ‘Bury’ Cryptocurrencies, Russian PM Medvedev Says Draft Law Offers to Create Regulatory Sandboxes in Russian Regions Select entities from the IT sector and the blockchain industry may be permitted to utilize digital assets in […]

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MIT Professor: Blockchain Can Allow for More Inclusive, Borderless Economy

An MIT professor of engineering claimed that blockchain can allow for a borderless economy if implemented in a decentralized, secure and scalable way. Blockchain can allow for the creation of a borderless economy, Massachusetts Institute of Technology (MIT) professor Silvio Micali claimed in a interview on Bloomberg’s Daybreak Asia, Jan. 21. Speaking on the show, Micali outlined three major properties of blockchain systems that must function simultaneously to enable a more inclusive and borderless economy — security, decentralization and scalability. According to MIT’s Ford Professor of Engineering, […]

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71+ Million User Volunteer Platform to Launch Blockchain-Based DApp

Reportedly the world’s largest volunteer service platform, Zhiyuan Hui, has announced its partnership with crypto startup EveriToken. Chinese non-profit Zhiyuan Hui — reportedly the world’s largest volunteer service platform — has announced its partnership with token economy infrastructure firm EveriToken. The news was announced Jan. 12 in an official EveriToken blog post. As of December 2018, Zhiyuan Hui reportedly serves over 430,000 non-profits, and its 71 million users are reported to have worked over 100 million service hours via its platform. According to the blog post, the […]

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Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support

Over-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash (BCH) to the platform. Now cryptocurrency users can purchase BCH in as little three hours as traders buy and sell coins in a peer-to-peer fashion. Also Read: Regulations Have Ruined the Physical Bitcoin Industry Bitquick Exchange Adds BCH Support Bitcoin cash fans were pleased to hear the marketplace Bitquick.co has integrated BCH support into the over-the-counter (OTC) marketplace. Bitquick was established in August of 2013 and is now owned and […]

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Swiss Bank Falcon Launches Crypto Wallet With Withdrawals to Fiat

Swiss Falcon Private Bank has introduced direct transfers of crypto and crypto-fiat withdrawals. Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21. The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution’s own “segregated Falcon wallets,” as well as convert crypto into fiat money. To start, Falcon reportedly only supports four major cryptocurrencies, Bitcoin (BTC), Bitcoin Cash (BCH), […]

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