Day: February 7, 2019

How MIT Joined Ethereum in the Race for the First PoS Blockchain

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As reported by Cointelegraph on Jan. 24, the press service of the Massachusetts Technical Institute (MIT) announced the development of a new cryptocurrency based on the proof-of-stake (PoS) protocol. It is expected that the nodes of the new network will be able to verify transactions with a throughput increased by 99 percent compared to the Bitcoin blockchain and by 10 percent compared to Ethereum. If, as developers claim, a cryptocurrency on a pure PoS protocol will be launched in 2019, then it will become the first such solution embodied in practice. Ethereum —…

12.7% of Shoppers Want Amazon to Sell Crypto Services, is it a Possibility?

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Only 12.7% of Amazon customers want the marketplace to sell crypto products or services, according to a new report. Global financial portal Investing.com surveyed more than 1,000 Amazon clients to study their consumption rate from the online portal. The survey included a section that discussed possible products – hypothetical services that Amazon should offer as a part of its industrial expansion. Respondents, who were allowed to select multiple options, voted mostly in favor of an Amazon-backed computer offering (72.9%), followed by local coupons and deals (51.7%), prescription drugs (36.7%), home…

Housing developer fined for ignoring data request

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Organisations have been reminded they could face a criminal prosecution if they fail to respect the public’s legal right to access their personal information. The warning came from the Information Commissioner’s Office (ICO) after housing developer Magnacrest Ltd was fined by Westminster Magistrates for breaching data protection laws. The company did not comply with an enforcement notice issued by the ICO and so the regulator prosecuted. The court heard that an individual had submitted a subject access request on 17 April 2017. A subject access request, or SAR, allows someone…

‘GoxRising’ Movement Aims to Reboot Mt. Gox Exchange, Make ‘Gox Coin’ for Creditors

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A new movement dubbed “GoxRising” is calling for a new, accelerated rehabilitation plan for  creditors of the now-defunct Bitcoin (BTC) exchange Mt. Gox, with the long-term goal of rebooting the trading platform. The development was reported in an interview with its author, controversial industry figure Brock Pierce, by TechCrunch Feb. 7. As previously reported, roughly 24,000 creditors are thought to have been affected by Mt. Gox’s 2011 hack and subsequent collapse in early 2014, which resulted in the loss of 850,000 BTC valued at roughly $460 million at the time.…

Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

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The CEO of leading cryptocurrency exchange Binance, Changpeng Zhao, said that he doesn’t think Exchange Traded Funds (ETFs) “are core to our industry’s growth,” during a live stream via Periscope, Feb. 6. Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a Bitcoin (BTC) ETF, suggesting: “I think for our industry to grow we need more entrepreneurs to build real projects.” As Cointelegraph reported last week, the Chicago Board Options Exchange’s, along with investment firm VanEck…

Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox

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Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure…

Revealed: A Bitcoin Billionaire’s Shocking Plan to Revive Mt. Gox

boss

Brock Pierce wants to see balance in the world. He effects this vision in more ways than one. For starters, he says he “positively discriminates against people who need a hand up.” But more importantly, he’s currently in the process of discriminating against himself in the settlement of the Mt. Gox affair. You know, the origin of the term “Goxxed“? Gox Rising: An Equitable Resolution to the Mt. Gox Disaster? Through a project called Gox Rising, Pierce, who is arguably the only shareholder in Mt. Gox, is seeking to ensure…

Crypto Futures Platform ErisX Hires Execs From Barclays and YouTube

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ErisX, a digital assets trading platform, has recruited three top-level officers from major companies in the financial and tech industries. Announced today, Robert Thrash joined the company as chief operating officer from Barclays, where he spent more than 11 years in various leadership positions. Most recently, he was the global bank’s managing director of agency derivatives services, a business that encompasses over-the-counter (OTC) derivatives clearing, futures execution and clearing and foreign exchange prime brokerage. Explaining his interest in the cryptocurrency markets, Thrash told CoinDesk: “Crypto sits at the intersection of technology, finance…

Bitcoin Is the Only Cryptocurrency Twitter CEO Jack Dorsey Holds

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Twitter CEO Jack Dorsey claimed he only owns bitcoin in a tweet posted on February 5, 2018, which occurred when he was prompted by a follower to list all cryptocurrencies he holds. Following the answer, an interesting discussion on bitcoin and cryptocurrencies was sparked. The Thread A follower posted a question regarding bitcoin on Twitter CEO Jack Dorsey’s wall, and this prompted a serious discussion with Dorsey’s followers. Jack, which all coins/tokons you holding?? — Thomson (@ThomsonCrypto) February 5, 2019 Dorsey simply answered that he is only holding bitcoins at…

Crypto Broker Led by Uber and E*Trade Alums Is Going Public

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Voyager, a cryptocurrency brokerage startup founded by veterans of Uber and E*Trade, is going public on Canada’s TSX Venture Exchange through a reverse merger valued at $60 million. A reverse merger occurs when a privately held company acquires the majority of shares in a publicly traded one and the two firms are combined. In this case, New York-based Voyager Digital Holdings acquired UC Resources Ltd., the shell of a mineral exploration company that ceased operations in 2015, in an all-stock deal finalized earlier this week. Announced Wednesday, the merged entity,…