Monthly Archives: October 2020

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

The town of Wetzikon will be using blockchain tech for targeted local business aid On Friday the Swiss town of Wetzikon — formerly best-known for its idyllic pastures and churches — launched a blockchain-based program to support small and medium-sized local businesses affected by the Coronavirus pandemic. Valued at 250,000 Swiss francs ($280,000), the initial aid disbursement will be funded with a municipal credit line earmarked for the Coronavirus and will be distributed to the roughly 25,000 inhabitants of Wetzikon in the form of an eCoupon worth […]

More info

John McAfee Pumps Crypto From Prison, Denies Tax Fraud and Murder Charges

John McAfee has shared many details about his life in Spanish prison and chances of extradition to the U.S. He additionally claims to have regained control of his ghost cryptocurrency project. Prison Life ‘Is an Adventure’ Former U.S. presidential candidate and antivirus software tycoon John McAfee is in Spanish prison awaiting his extradition trial after he was arrested in Spain. McAfee has been tweeting regularly from prison. “You want to know what prison is like. It’s like a Motel 6 run by Hitler’s SS,” he tweeted, elaborating: […]

More info

MicroStrategy’s bottom line gets beefier on Bitcoin moves: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. It’s been another strong week for Bitcoin. The dollar price is up about 2.5 percent over the week, although that’s still something of a decline from its recent high above $13,400. At one point, Bitcoin fell 4 percent in 24 hours. But bulls remain optimistic and see the price advancing towards $20,000, possibly as early as March. That future price movement will depend on a number of factors, including whether banks follow Paypal into cryptocurrency acceptance; the size of the […]

More info

Bitcoin reaches $14K for the first time since January 2018 — what’s next?

The price of Bitcoin is on the verge of having its highest monthly close ever but bulls must still break through $14K for a shot at a new all-time high. Bitcoin (BTC) price is undoubtedly having an impressive year after crashing to $3,700 in March but then rallying to $14,000 in the following months. Now BTC has reached the highest point since January 2018 as the price touched $14,100. Thus, the likelihood of the new bull cycle is heavily increasing as the price of Bitcoin continues to […]

More info

0x charts path towards cross-chain asset exchange and liquidity aggregation

The interoperability protocol seeks to expand beyond Ethereum and create cross-chain functionality In a blog post on Friday, 0x Labs product manager Theo Gonella laid out the protocol’s ambitious plans to direct development towards a promising, if technically tricky horizon for permissionless exchange: seamlessly connecting the growing constellation of viable layer-1 blockchain platforms. The Ethereum-based protocol, designed to be an interoperability toolkit for decentralized exchanges of all stripes, has seen marked success this year in connecting a network 30+ projects building with their API.  Throughout 2020, as […]

More info

What industry leaders would wish for Bitcoin’s white paper 12th anniversary

Experts in the blockchain and crypto industry make their wishes for Bitcoin’s 12th birthday While the crypto community decides whether Bitcoin (BTC) was born — or merely conceived — 12 years ago, the fact is that Oct. 31, 2008, remains one of the most notable dates in humanity’s modern history. Exactly 12 years ago, Satoshi Nakamoto published what some have described as “a new bible” — Bitcoin’s white paper. Designed as a brand new “purely peer-to-peer version of electronic cash,” many see the creation of Bitcoin as a response to […]

More info

$1.1 Billion Crypto Ponzi: Masterminds of Wotoken Head to Prison in China

A Chinese court has confirmed the sentencing of the masterminds behind the 7.7 billion yuan Chinese Ponzi scheme Wotoken, which had over 715,000 investors. Wotoken Scammers Sentenced to Prison The Intermediate People’s Court of Yancheng city, Jiangsu province, denied an appeal by four convicts involved in the billion-dollar Ponzi scheme Wotoken on Tuesday, several local media reported. The court upheld the original sentences for Gao Yudong, Li Qibing, Wang Xiaoying and Tian Bo who were dissatisfied with their original sentencing and filed an appeal. They believe they […]

More info

Former Google lawyer joins spate of high-profile attorneys entering crypto

Coinbase leads a growing list of crypto companies attracting top-tier legal talent On Friday Coinbase Inc. announced the appointment of former Google Senior Legal Director Milana McCullagh as deputy general counsel for product and commercial legal. McCullagh, who worked for more than 13 years at Google, will work across functions at Coinbase on product legal support, helping the firm to streamline legal compliance for new product launches. McCullagh’s appointment is part of both a Coinbase campaign to attract legal talent that started last year, as well as […]

More info

The crypto compliance lie: Sacrificing privacy does not make us safer

The lightchain-vs.-darkchain dichotomy is counterproductive, and a healthy graychain will produce more valuable crypto assets like Bitcoin. In the last month, we’ve seen the United States Federal Reserve come after BitMEX for failing to identify customers, crypto intelligence firm CipherTrace report that most crypto exchanges are not collecting enough user info, and the so-called “FinCEN Files” demonstrate that even large banks that collect and report vast troves of suspicious transactions are not doing enough to unbank the bad guys. Suffice to say, it’s a great time to […]

More info

Happy birthday dear Bitcoin: Crypto’s first white paper turns 12

An assessment of Satoshi Nakamoto’s Oct. 31, 2008 paper that “set in motion a revolution in finance.” Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its author(s) remain unidentified — fostered either a fintech revolution or, as some believe, “the greatest scam in history.”  To mark the anniversary of the publication of “Bitcoin: A Peer-to-Peer Electronic Cash System,” […]

More info
1 2 3 99