Day: December 15, 2018

Bitcoin (BTC) Is “Dead,” Says Crypto Millionaire

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Erik Finman, The “Teenage Bitcoin Millionaire” Erik Finman is likely a name you have heard in crypto’s lore. If this name doesn’t ring any bells, here’s some background on this near-mythical figure in Bitcoin’s history. As revealed in a Buzzfeed News video posted on Youtube, which has garnered 5.94 million views in its one and a half year lifespan, Finman was formerly an average American adolescent with dreams of grandeur, and an unbridled hate for college. Due to his hate for higher education, his parents decided that he wouldn’t have…

Bitcoin (BTC) Is “Dead,” Says Crypto Millionaire

boss

Erik Finman, The “Teenage Bitcoin Millionaire” Erik Finman is likely a name you have heard in crypto’s lore. If this name doesn’t ring any bells, here’s some background on this near-mythical figure in Bitcoin’s history. As revealed in a Buzzfeed News video posted on Youtube, which has garnered 5.94 million views in its one and a half year lifespan, Finman was formerly an average American adolescent with dreams of grandeur, and an unbridled hate for college. Due to his hate for higher education, his parents decided that he wouldn’t have…

(Former?) Kid Crypto Millionaire Bashes Bitcoin (BTC), Calls It “Dead”

boss

Erik Finman, The “Teenage Bitcoin Millionaire” Erik Finman is likely a name you have heard in crypto’s lore. If this name doesn’t ring any bells, here’s some background on this near-mythical figure in Bitcoin’s history. As revealed in a Buzzfeed News video posted on Youtube, which has garnered 5.94 million views in its one and a half year lifespan, Finman was formerly an average American adolescent with dreams of grandeur, and an unbridled hate for college. Due to his hate for higher education, his parents decided that he wouldn’t have…

CEO of Largest Romanian Crypto Exchange Arrested on US Warrant

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The CEO of Romania’s largest crypto exchange Coinflux was reportedly arrested on a warrant from the United States for fraud, organized crime, and money laundering, local news outlet Mediafax reported Dec. 13. Coinflux has subsequently stopped all digital currency exchanges. Founded in 2015 in the Romanian city of Cluj, Coinflux is an online digital currency trading platform, with reportedly more than 200 million euro worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP) in transactions. Vlad Nistor, the CEO and founder of Coinflux, was supposedly arrested on the…

Bitcoin Price Driven More by Speculation Than Utility: BitPay CEO

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BitPay CEO Stephen Pair has stated that speculation drives a substantial part of bitcoin’s current valuation, while the actual use of the crypto market leader as a currency is responsible for only a relatively small fraction of its price. Speaking on CNBC’s Squawk Box, Pair revealed that BitPay intends to change this situation significantly over the next few years. In his words: “A very big component of the price is certainly speculation. It’s investors speculating on the future usage and adoption of this technology. A small component of the price…

Tron DApp Usage Jumps 48% — More Than 1 Million Weekly Transactions

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The TRON Foundation launched its TRC20 exchange this week. It is a place for people to exchange tokens issued on the TRON platform. The TRC20 exchange is located at TRX.market. The TRC10 token exchange is still on Tronscan, the primary block explorer and information service for the Tron ecosystem. TRC20 and TRC10 tokens can be understood as Tron-native analogues to ERC-20 tokens. The TRC10 token is a user-issued token that doesn’t require the writing of a smart contract. The TRC20 token provides all the functionality and power of a smart…

Tron DApp Usage Jumps 48% — More Than 1 Million Weekly Transactions

boss

The TRON Foundation launched its TRC20 exchange this week. It is a place for people to exchange tokens issued on the TRON platform. The TRC20 exchange is located at TRX.market. The TRC10 token exchange is still on Tronscan, the primary block explorer and information service for the Tron ecosystem. TRC20 and TRC10 tokens can be understood as Tron-native analogues to ERC-20 tokens. The TRC10 token is a user-issued token that doesn’t require the writing of a smart contract. The TRC20 token provides all the functionality and power of a smart…

Major US Crypto Exchange Coinbase Adds Cash Withdrawals to PayPal

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Major American cryptocurrency exchange Coinbase has introduced free of charge cash withdrawals to online payment system PayPal, according to an announcement published Dec. 14. From now on, Coinbase’s United States-based customers are able to withdraw their cash balances to Paypal. The service for other countries will reportedly be rolled out some time in 2019. Coinbase and PayPal previously integrated in 2016, when Coinbase added support for the payment platform in addition to major credit cards. At the time, Coinbase users were able to sell Bitcoin (BTC) and have their fiat…