Day: December 22, 2018

Ethereum Co-Founder Calls ‘the Cryptobottom of 2018’

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Joseph Lubin, co-founder of major cryptocurrency Ethereum (ETH), declared that he is “calling the cryptobottom of 2018” in a tweet Dec. 21. According to Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty, and doubt,” specifically from industry media and social commentators, which he refers to as “our friends in the 4th and crypto-5th estates.” Continuing in a Twitter thread, the founder of Ethereum blockchain-focused software firm ConsenSys then evidently addressed his firms recently reported major layoffs: “ConsenSys remains healthy and is engaging in a…

Coinbase CEO To Donate Crypto Wealth, Joins Buffet-backed Philanthropic Effort

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Pundits argue that crypto and charity don’t mix. Yet, with a number of efforts from this nascent industry’s foremost participants, it has been made apparent that Bitcoiners (and altcoiners) are far from anti-alms. Case in point, Brian Armstrong, CEO of Coinbase, recently committed to donating a majority of his crypto wealth in due time. Brian Armstrong To Donate Millions In Crypto Wealth Brian Armstrong has long been a powerhouse in the crypto industry. Armstrong, who started his career in Silicon Valley as an Airbnb developer, founded Coinbase, the world-renowned crypto…

Flash Cryptocurrency Releases Peer-to-Peer Functionality for Mobile

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Flash Symbol Flash is a lesser-known Scrypt-based cryptocurrency which has a growing presence in Venezuela and Africa. It is not designed to be a proof-of-work system, although it uses mining to verify transactions and secure the network, but instead focuses on transactions which can settle in a matter of seconds. Their mobile wallet recently integrated a “human ATM” peer-to-peer trading functionality which could be a hit in jurisdictions where fiat money is hard to trust. Places like Venezuela, for example. As a cryptocurrency design, it may face traction issues due…

Cryptoeconomy 2019: Storylines to Watch Out For

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Cryptoeconomy 2019: Storylines to Watch Out For December 22, 2018 by William Peaster For many in the space, the 2017 cryptoeconomy runup was as boisterous as its 2018 downturn was unexpected. So what comes next? With days left until the new year, there are dozens of major crypto storylines that will see more resolution in 2019. Here are some of the biggest ones to watch for.  Also read: 5 Last Minute Crypto Gifts Under 2.5M Satoshis ($100) Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts 1) Possible…

Israel’s Central Bank Issues Request for Information on DLT

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A team that includes representatives from the Bank of Israel has issued a formal request for information about Distributed Ledger Technology (DLT), published on its website Dec. 18. The request — the goal of which is, as per the title, the “Regulatory Coordination of Virtual Assets”— states that “the regulators of the Israeli financial system believe that there is room to renew and strengthen cooperation and coordination among all regulators and the public” regarding DLT. Besides the country’s central bank, the team reportedly includes representatives from the country’s Securities Authority,…

Bitcoin Lightning Network Booms Amid “Crypto Winter”

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Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning Network, the first viable second-layer scaling solution, has continued to see monumental growth. Bitcoin Lightning Network To Breach 500 BTC Network Capacity Rui Gomes, a developer at Tim Draper-backed OpenNode, recently took to Twitter to exclaim that the Lightning Network, an off-chain system that facilitates instant, low-cost, scalable Bitcoin transactions, has…

Bitcoin Lightning Network Booms Amid “Crypto Winter”

boss

Since Bitcoin’s earliest blocks, the network’s lead developers have been hard at work attempting to scale the world’s first blockchain. And while 2018’s “crypto winter” has deterred a multitude of startups, developers, and key industry participants, the Bitcoin Lightning Network, the first viable second-layer scaling solution, has continued to see monumental growth. Bitcoin Lightning Network To Breach 500 BTC Network Capacity Rui Gomes, a developer at Tim Draper-backed OpenNode, recently took to Twitter to exclaim that the Lightning Network, an off-chain system that facilitates instant, low-cost, scalable Bitcoin transactions, has…

Iran’s national cryptocurrency gets the attention of the United States

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After the United States reactivated economic sanctions on Iran, the country has been reportedly developing a national cryptocurrency which will enable it to circumvent the sanctions. However, lawmakers in the United States have realized that Iran developing a national cryptocurrency may be one way to render the sanctions powerless. Therefore, to try and keep the sanctions effective, the lawmakers have drafted a bill that is meant to reduce the support the Iranians get in their tracks towards a national cryptocurrency. The bill, Blocking Iran Illicit Finance Act, seeks to: Impose…

‘Cryptocurrency is Freedom!’ — Interview with Ambazonian Secessionists

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CCN recently covered a story about AmbaCoin, an Ethereum-based cryptocurrency created by secessionist leaders in the Ambazonian region of southern Cameroon. As a follow-up, we sat down with Chris Anu, the separatist movement’s Secretary of State for Communications and IT, to discuss AmbaCoin and the prospects of cryptocurrency as a means of enabling freedom and resistance movements around the world. CCN: The Cameroonian government recently carried out a prolonged shutdown of all internet and communication services across the parts of Southern Cameroon where there has been visible support for the…

‘Cryptocurrency is Freedom!’ — Interview with Ambazonian Secessionists

boss

CCN recently covered a story about AmbaCoin, an Ethereum-based cryptocurrency created by secessionist leaders in the Ambazonian region of southern Cameroon. As a follow-up, we sat down with Chris Anu, the separatist movement’s Secretary of State for Communications and IT, to discuss AmbaCoin and the prospects of cryptocurrency as a means of enabling freedom and resistance movements around the world. CCN: The Cameroonian government recently carried out a prolonged shutdown of all internet and communication services across the parts of Southern Cameroon where there has been visible support for the…