Monthly Archives: May 2019

ECB President Mario Draghi: Cryptos Are Not Currencies, They Are Very Risky Assets

European Central Bank president Mario Draghi said that cryptocurrencies are not real currencies. European Central Bank (ECB) president Mario Draghi said that cryptocurrencies are not real currencies during the ECB Youth Dialogue meeting with the winners of the Generation €uro Students’ Award, as Cointelegraph Italia reported on May 9. During the meeting, Draghi answered a question about cryptocurrencies asked by one of the winners of the award: “Cryptocurrencies or bitcoins, or anything like that, are not really currencies — they are assets. A euro is a euro […]

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Despite $100K Pledged to Charity, Adam Back Remains Silent Over Proposed Debate

There’s over $100,000 on the line that could be given to charity for about an hour of Adam Back’s time. If he chooses to debate Bitcoin Unlimited’s Peter Rizun over why he thinks it’s a bad idea to scale with larger blocks, Paxful’s Ray Youssef‏ has pledged $100K in addition to Roger Ver’s initial $10K offer. Also read: Schnorr Signatures Await Bitcoin Cash as the Next Upgrade Draws Near The Initial Debate Challenge On April 27, the CEO of Blockstream, Adam Back, compared people arguing for gigabyte […]

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Op Ed: How Many Wrongs Make a Wright?

Craig S. Wright burst upon the Bitcoin scene in 2015 as a mysterious and controversial figure who claimed to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin. I actually crossed paths with him on Twitter several times in 2014 (when he used the now-deleted handle @dr_craig_wright), but I found most of his tweets difficult to follow and I generally dismissed him. But not everyone did. Gavin Andresen after announcing that he was convinced that Craig Wright was Satoshi Nakamoto In 2017, I met Craig Wright in person […]

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Binance Reveals Hack Information as Security Becomes a Public Concern

This article was originally published by 8btc and written by Vincent He. Since May 1, 2019, bitcoin’s price has been rising, reaching a top of over $6,000. As the whole cryptocurrency industry was enjoying the rise, an unexpected hack put a stop to the rise of bitcoin. The major exchange Binance was hacked for $40 million. Binance has issued an announcement revealing more information about the attack. The announcement said that a large-scale security bug was found in the exchange and that the hacker stole 7,000 bitcoins […]

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Liechtenstein’s Government Passes New Regulation Concerning Blockchain and Tokens

The government of Liechtenstein announced that it has passed new token, virtual asset service provider and blockchain regulation. The government of Liechtenstein announced that it has passed new tokenization, virtual asset service provider and blockchain regulation in a press release published on May 8. Per the release, the new Token and VT Service Providers Act, passed on May 7, aims to improve investor protection, combat money laundering and establish clarity. The announcement also cites tokenized securities and how digital token systems can be used to tokenize real-world […]

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Overstock’s Revenue Decreases 17% in Q1 2019 From Q1 2018 Due to Decline in Sales

Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019. Online retail giant and major crypto industry disruptor Overstock.com has seen a 17% decrease in revenue in Q1 2019 from Q1 2018, the firm’s CEO Patrick Byrne revealed in the latest quarterly report released on May 9. Overstock’s total net revenue reportedly decreased from $445 million in Q1 2018 to $367 million in Q1 2019, as the company saw a sufficient decline in sales and marketing expenses as part […]

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Swiss Post Partners With Blockchain Startup on Temperature Monitoring Shipments Solution

Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum. Switzerland’s national postal service Swiss Post has cooperated with blockchain firm Modum to further develop a temperature monitoring solution for shipments. The news was reported by Swiss logistics news site Die Post on May 7. Die Post reports that Swiss Post has cooperated with Modum, a blockchain and Internet of Things (IoT) technology firm, as a technology partner to launch a smart service. Dubbed ThermoCare, the service is for monitoring the temperature of packages, enabling […]

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Why Cryptocurrency Investors Are Renouncing Their US Citizenship

Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector, including business owners, traders, investors and consultants. News.Bitcoin.com interviewed Henderson to learn about the process and specifically how it relates to U.S. citizenship. Also Read: Major Players Discuss BTC Rollback Following an Alleged Hack US Citizenship Is Costly and Toxic What […]

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Galaxy Digital CEO Michael Novogratz: Bitcoin Should Cross $20,000 Within 18 Months

Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Galaxy Digital CEO Michael Novogratz said that he expects bitcoin (BTC) to beat its all-time-high price within 18 months. Novogratz made his remarks during an interview with mainstream media CNN published on May 9. During the interview, Novogratz also said that he believes that $6,000 is probably a stall point, and the next one will be $10,000. Moreover, he expressed the belief that this time, other cryptocurrencies “aren’t […]

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BitGo Hires Wall Street High-Frequency Trader as Head of Financial Services

Blockchain security and cryptocurrency custody firm BitGo has appointed a Wall Street high-frequency trader as its head of financial services. Blockchain security and cryptocurrency custody firm BitGo has appointed a veteran Wall Street trader as its head of financial services, according to a press release published on May 9. The new hire, Nick Carmi, joins BitGo after a reported 25 years of experience as a financial executive. His most recent role was as Global Head of FICC Business at the high-frequency trading firm Tower Research Capital — […]

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