Monthly Archives: June 2019

‘Where’s the Gratitude, Peter Schiff?’ – Gold Bug Gets Grilled By Bitcoin Proponents

Max Keiser chastised the veteran gold bug after he appeared less than impressed with Bitcoin’s price performance. Former Wall Street trader and host of the Keiser Report Max Keiser was leading the backlash against the bitcoin (BTC) naysayers this weekend as the bitcoin price passed $11,000. Using Twitter as a platform, Keiser focused on gold enthusiasts after several claimed that despite its performance, bitcoin was still an inferior bet to the precious metal. Among them was Peter Schiff, the veteran gold bug who has regularly trashed cryptocurrency […]

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Alyx Fashion Brand Launches IOTA-Powered Pilot for Supply Chain Transparency

The luxe brand founded by former Lady Gaga creative director and Kanye West collaborator Matthew Williams is launching an IOTA-based pilot for supply chain transparency. Alyx — the luxe fashion brand founded by erstwhile Lady Gaga creative director and Kanye West collaborator Matthew Williams — is launching an IOTA-based pilot for supply chain transparency. The news was reported by industry magazine Vogue Business on June 24. Williams — who earned a 2016 LVMH Prize finalist nomination for his work at Alyx, and spearheaded brand partnerships with Moncler, […]

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BIS: Facebook’s Foray into Cryptocurrency Poses New Risks for Banks

The Bank of International Settlements warns that financial services offered by big tech firms such as Facebook, Google and Amazon could create new risks for the banking sector. The Bank of International Settlements (BIS) has warned that the financial services poised to be offered by big tech firms such as Facebook, Google and Amazon could generate new risks for the banking sector. The BIS — an international financial institution in Switzerland owned by 60 of the world’s central banks — published a report outlining its stance on […]

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Bitcoin Hits 15-Month High as Naysayers Double Down on ‘Dead Cat Bounce’

A rollercoaster weekend trading session saw BTC/USD retake levels not seen since March 2018. Bitcoin (BTC) was holding steady around $10,850 on June 24 after a fresh surge took it above $11,000 for the first time in over a year. Market visualization courtesy of Coin360 Data from Coin360 showed a slight correction kicking in for bitcoin on Monday, markets consolidating gains after a dramatic weekend. BTC/USD had climbed as high as $11,230 in recent days, marking its best performance since early March 2018. The action did not […]

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A Blockchain System for Azerbaijan’s Digital Economy

A Caucasian nation is on the path to digital transformation, and blockchain-powered identification system is one of its cornerstones. Azerbaijan has been a hotbed for a series of ambitious fintech-related announcements over the past several months, as the nation’s authorities were apparently moving to implement a series of innovative technological solutions in banking and e-government systems. Repeated statements by government representatives suggested that at least part of the program relied on blockchain infrastructure. Most recently, as Cointelegraph reported, the chairman of Azerbaijan’s State Customs Committee revealed plans […]

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