Monthly Archives: June 2020

Gavin Andresen Casts Doubts on Craig Wright’s Satoshi Claim

Gavin Andresen laid doubts that Craig Wright is Satoshi Nakamoto in recently released depositions. Recently released depositions suggest that Gavin Andresen now has doubts that Craig Wright is Bitcoin creator, Satoshi Nakamoto. The depositions, which are connected to Wright’s case against the estate of his alleged business partner, David Kleiman, show that Andresen was asked if he still believed that Wright is Satoshi. Andresen said he did initially believe Wright to be the creator of Bitcoin — or at least one-third of a group calling themselves Satoshi […]

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Only 3.5 Million Bitcoin Is Traded Worldwide; Majority of BTC Held Long-Term as Digital Gold, Says Chainalysis

Only 3.5 million bitcoin or 19% of total circulating supply is actively traded throughout the world, while the rest is being held long-term by investors, according to a new report by crypto analytics company Chainalysis. Per the report, nearly 18.6 million bitcoin (BTC) has been mined as of June 2020. Of this, around 60% BTC is held by entities – either people or businesses – that have never sold more than 25% of the bitcoin they’ve ever received. Chainalysis labeled this BTC supply as “held for long-term […]

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Market Predictions, Miner Fees Fluctuate, & China Moves Fast: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast. An eventful week for Bitcoin this week. It ended down nearly 5 percent but at one point, things were looking much worse. A collapse to $8,900 sparked talk of a three-month correction—which could be exacerbated by the expiration of more than 100,000 Bitcoin options next Friday.  So far at least, the correction appears to have largely corrected itself but that might be because of the turmoil in the stock markets. Yoni Assia, CEO of eToro, predicts a market crash in […]

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Cryptocurrency News From Japan: June 14 – June 20 in Review

A new report on Japanese crypto regulation, an institutional crypto custody service, and more headlined news from Japan this past week. This week’s headlines from Japan included research company Xangle releasing a report on Japanese crypto regulation, Binance supporting Japan’s language but not its residents, SBI Holdings turning gift certificates digital with blockchain, and Nomura Holdings opening a crypto custody service with Ledger and Coinshares.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. Research outfit details Japanese crypto regulation A […]

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Benjamin R. Tucker: Why I Am An Anarchist

Why am I an Anarchist? That is the question which the editor of the Twentieth Century has requested me to answer for his readers. I comply; but, to be frank, I find it a difficult task. If the editor or one of his contributors had only suggested a reason why I should be anything other than an Anarchist, I am sure I should have no difficulty in disputing the argument. And does not this very fact, after all, furnish in itself the best of all reasons why […]

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Blockchains Are an Excellent Solution for Privacy, Part 1

The first part of a series of articles on the advantages and challenges in the usage of blockchain technology for collecting and sharing information, without violating users’ privacy. Several data violations, like the Cambridge Analytica scandal, have brought forth questions regarding how companies and governments should deal with the data entrusted to them, and they have also increased the search for the development of new technologies to preserve the privacy of companies and users. Consequently, countries and regulators have rushed to set new compliance requirements to deal […]

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Blockchain Bridges, Explained

As a new concept within the industry, blockchain bridges possess a lot of promise for the blockchain and crypto landscape and for the future of the industry. Are there blockchain bridges in operation for any dApps now? The bridges currently in operation have only been operating in their current form for a few months, so they are still in their early days in terms of adoption. However, bridges hold a lot of promise, particularly for stablecoins. Tether (USDT) has had to continuously expand to new networks in […]

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WisdomTree Tests SEC’s Bitcoin Acceptance Threshold With Latest ETF Filing

The SEC has rejected an ETF with only a 25% BTC component before, but how about just 5%? WisdomTree may be testing the agency’s limits. Many investment firms have launched crypto exchange-traded funds, but so far, none has found favor with the United States Securities and Exchange Commission. Firms keep trying, though, and this past week, two more tendered applications for crypto ETF-like products — if not pure-play Bitcoin ETFs have emerged.  WisdomTree, an asset manager and ETF specialist, filed an N-1A form registration statement on June […]

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Akon City: $6 Billion Cryptocurrency City Set to Begin Construction

Akon City, a “futuristic cryptocurrency themed city” founded by famous singer Akon, is ready to begin construction, with a plan to use the akoin cryptocurrency exclusively. Phase one of Akon City’s construction will include roads, a hospital, a mall, hotels, and a school. There will also be parks, universities, a stadium, and an industrial complex. Akon City Unveils Construction Plans The $6 billion city in Senegal billed a “futuristic cryptocurrency themed city,” founded by Senegalese-American star and philanthropist Akon, has awarded its building contract to KE International, […]

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Gold Bug Schiff Calls Bitcoin Fiat Following Fed Comments

Peter Schiff agrees with the Fed that Bitcoin should be classified as fiat currency. Economist, financial commentator and gold advocate Peter Schiff once again bashed Bitcoin in a tweet, essentially calling it fiat currency — the name for regional currencies, such as the U.S. dollar.  “The Fed gets Bitcoin right,” Schiff said in a June 20 tweet, adding: “It categorizes it with fiat, in contrast to gold that has real value. It sees nothing new in Bitcoin, just in the way it’s exchanged. As confidence in both traditional […]

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