Month: January 2019

2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up

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Distributed ledger technology provider R3 has carried out an extensive internal reorganization, resulting in the departure of two members of its management committee, CoinDesk has learned. Brian McNulty, a managing director and head of global services, and Lauren Carroll, chief administrative officer, are leaving the company, R3 told employees at town hall meetings Friday, according to people familiar with the situation. An R3 spokesperson confirmed the internal reorganization, which he said will include an expansive hiring program for 2019, but declined to comment on individual staff departures. Neither McNulty nor Carroll…

Blockchain is ‘No Better Than an Excel Spreadsheet’

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Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom. Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while noting that Bitcoin and other cryptocurrencies are the mother of all bubbles. He also pointed out during the talk that blockchain and crypto…

Double Down Your Bitcoin Security by Utilizing 2FA Services

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After obtaining your first bitcoins on an exchange, you’ll want to keep them safe, even if the funds are only sitting there temporarily. One way to keep your crypto secure online is by using two-factor authentication (2FA). Security is of utmost importance when it comes to storing cryptocurrency in an online wallet and 2FA adds another layer of protection over and above a strong password. Also read: Regulations Have Ruined the Physical Bitcoin Industry 2FA Is Essential The cryptocurrency community is all about advocating proper security techniques, and two-factor authentication (2FA) is…

Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality?

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Samsung to Introduce a Crypto Wallet in S10–Rumour or Reality? January 26, 2019 by Akshay Makadiya Smartphone heavyweight Samsung Electronics is quietly building blockchain and cryptocurrency features into its much-awaited upcoming flagship smartphone, specifically hoping to lure crypto aficionados. Are blockchain and cryptocurrency Samsung’s means to regain lost ground in the smartphone market? Also read: Lightning Network Goes to Congress as Specter of Crypto Policy Grows Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts A Glimpse at a Leaked Samsung Crypto Wallet Leak visualizer Ben Geskin was…

TRX—LTC Flap Likely, Weiss Ratings Endorsement

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Tron price is up 16 percent from last week’s close Weiss Ratings endorse Tron, says platform popular Transaction volumes thin despite increasing volatility Of all the coins in the top 10, TRX is the most attractive. It is leading the recovery and up 6.7 percent in the last day. Part of this is because of supporting fundamentals—BTT crowdfunding and dApp dominance and not forgetting Weiss Ratings endorsement. Tron Price Analysis Fundamentals It is streams of good news. Not only is Tron increasingly becoming popular, but their dApps dominate. According to…

Mining Bitcoin No Longer Profitable, JPMorgan Says

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The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019. Diminishing Returns The plummeting price of almost all cryptocurrencies has affected every sphere of the crypto industry, with everyone from employees in blockchain-based companies to major institutional traders being affected by the price crash. However, the less talked about effect of the so-called “crypto winter” is the hardships miners endure. The drop in the price of Bitcoin has caused…

Tom Lee: Bitcoin (BTC) At $25,000 Is “Fair,” But It Needs Time

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Tom Lee & Bitcoin Predictions As Bitcoin (BTC) made monumental moves in the fourth quarter of 2017, crypto pundits took to mainstream news outlets and social media mediums en-masse to make zany price predictions. While some zealots, influenced by the religious fervor of this movement, called for sextuple digits (or even septuple digits), one calm voice made a scaled-back price prediction of a then-mere $25,000. Per previous reports from Ethereum World News, the soothsayer in question was Tom Lee, an executive at Fundstrat Global Advisors with a seeming enamorment with digital assets.…

Bitcoin History Part 9: Mt. Gox Is Born

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Featured “Hi everyone, I just put up a new bitcoin exchange. Please let me know what you think.” With those innocuous words, one of the most notorious sagas in Bitcoin’s early history began. The name of the exchange was Mt. Gox and it was to play a pivotal role in Bitcoin’s rise – for a while, at least. Also read: Bitcoin History Part 8: When 1,500 BTC Cost Less Than $1 Magic and Mayhem Jed McCaleb Mt. Gox wasn’t the first bitcoin exchange to launch, yet it actually predates Bitcoin.…

EOS Still First, Ethereum Second, Bitcoin 15th

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China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot. The rankings were released in a press release on Jan. 24. The crypto rankings by China’s Center for Information and Industry Development (CCID) were first announced in May last year. In this ninth edition of the index, EOS keeps its place as the top-ranked blockchain, which has been occupied by the platform since June 2018. The ninth CCID Global Public Chain Technology Evaluation Index, the first index released by…

Bitcoin Believer Novogratz May Salvage Struggling Crypto Startups With $250M

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There may be a drought in the broader retail Bitcoin market, but in the crypto financier space, spirits seem to be as high as ever. Well, that’s what Mike Novogratz, the founder of merchant bank Galaxy Digital, thinks anyway. Just recently, the former Wall Street investor, who held stints at Fortress Financial and Goldman Sachs, purportedly began a search for funding in the nine-digit realm. Related Reading: Unbreakable: Mike Novogratz Remains a Bitcoin Bull in a Bleeding Market Fervent Bitcoin Bull Novogratz Pushes The Envelope Over recent years, Novogratz, often deemed crypto’s most…