Day: September 15, 2018

Joseph Lubin, Co-Founder of Ethereum & ConsenSys

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We were able to sit down with Ethereum and ConsenSys Founder Joseph Lubin last week at TechCrunch Disrupt SF and talk to him about some of the projects that ConsenSys is working on. [Editor’s Note: This interview has been edited for clarity] CCN: What is ConsenSys? Joseph Lubin: ConsenSys is a venture development studio with a few different sides of the company. We have the product side of the company, we are a consultancy as well. We do advisory work and we write lots of software for companies, governments, and…

Op-ed: The Case for Adding CTOR to Bitcoin Cash in November

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The following opinion piece on Canonical Transaction Ordering (CTOR) was written by Jonald Fyookball the lead developer of Electron Cash.  Canonical Transaction Ordering (“CTOR”) is one of the planned changes for the November 2018 Bitcoin Cash protocol upgrade. There has been quite a bit of discussion in the Bitcoin Cash community about this change. Also read: Philippines Okays PDAX Crypto Exchange I had previously published an article explaining in simple terms what the change is.Although that article satisfied some readers and convinced them that CTOR is not dangerous, others were still…

Is Crypto The New Dot-Com Bubble?

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If you have ever encountered the word ‘cryptocurrency’ or ‘bitcoin,’ there is a solid chance that within the same paragraph or even sentence the word ‘bubble’ could also be found. Bubble has indeed become a shibboleth for crypto sceptics, especially after the market soared at the end of 2017, and the widening gap between valuation and intrinsic value of digital currencies and tokens became ostensible to many. Yet not all bubbles are created equal: some bubble-framed references and metaphors tend to surface more frequently in media space than others. Perhaps…

World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection

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The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressing” environmental challenges, in a report published September 14. In the report, titled “Building Block(chain)s for a Better Planet,” the Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges. The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value…

Various Technical Indicators are Showing Bitcoin is Severely Oversold

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Williams %R, a technical analysis oscillator that demonstrates oversold or overbought conditions of an asset, is demonstrating highly oversold conditions for Bitcoin. As Olga Kharif at Bloomberg reported, the Williams Percent Range (WPR) of Bitcoin is hovering at around -83 percent. In WPR, -80 to -100 percent is considered oversold and -0 to -20 percent is oversold. Analysts state that the oversold condition of Bitcoin demonstrated by WPR could lead to a short-term corrective rally in the future, which may enable Bitcoin to break out of a major resistance level…

A Decade After Lehman Brothers Died: Mises, Satoshi, Bitcoin, and Wall Street Worship

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September 15, 2018 brings the post-industrial financial world to a ten-year milestone. Lehman Brothers Holdings Inc. was officially shuttered on this day in 2008, rocking the entire planet. The event occurred just 110 days before a revolution its collapse helped to spawn: Bitcoin. A little-known economic philosopher, Ludwig von Mises, tried to warn many years ahead about the perils of allowing politicians to issue and steer money. Also read: Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet Mises Warns Fifty Years Prior Investment banks successfully captured levers of…

Weekly crypto brief: Bitcoin (BTC), Ethereum (ETH) and EOS price analysis

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In today’s weekly crypto brief, we are going to cover the latest developments in the market and conduct a price analysis of Bitcoin, Ethereum and EOS. Also, we will cover the current state of the market, and what to expect in the coming weeks. Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20% or more in value. Since then, the cryptocurrency industry has regained some strength bouncing back from a low of $190 billion to $205 billion on Saturday, September…

Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

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The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars. The hearing comes as the U.S. government and regulatory agencies step up their crackdown on cryptocurrency-related fraud. A District Court Judge in Connecticut sentenced 33-year-old Josh Garza to a 21-month prison sentence followed by six months of house arrest for his role in a Ponzi scheme based around the issuance of…

How Cryptocurrencies Are Regulated in Central Asia

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As been reported on September 2, the president of Uzbekistan, Shavkat Mirziyoyev, ordered the establishment of a state blockchain development fund called the “Digital Trust.” Earlier in September, a decree legalizing crypto trading — also making it tax-free — and mining in the country came into force, making Uzbekistan a crypto-friendly state. But how is the rest of the Central Asia region is holding up? The list below is based on thorough news research, but should in no way be considered complete. If you have more detailed information on banks…

Crypto Markets Recover Slightly, Ethereum, Tezos See Largest Gains

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Saturday, September 15: crypto markets are undergoing a slight recovery after yesterday’s decline, with 17 of the 20 top cryptocurrencies by market cap in the green, according to CoinMarketCap data. Market visualization from Coin360 After dropping below the $6,500 price point yesterday, Bitcoin (BTC) has challenged the mark again, going up by 1.6 percent over the past 24 hours, to trade at $6,533 at press time. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) is currently seeing some of the largest gains among the top 20 cryptocurrencies by…