Day: February 16, 2019

NEO Blockchain Platform Opens Seattle Office Headed by Ex-Microsoft Exec

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Chinese blockchain platform NEO will open an office in United States city of Seattle, according to an official announcement shared with Cointelegraph on Feb. 15. The new office will be headed by ex-Microsoft executive John deVadoss. The NEO Global Development (NGD) Seattle office will open and begin recruitment this month, purportedly allowing the company to expand into the U.S. market. Per the press release, the NGD has been developing partnerships with Microsoft and other companies. According to NEO founder Erik Zhang, Seattle’s reputation for tech talent was one of the…

QuadrigaCX Founder May Have Stored Private Keys on Paper in Safety Deposit Box

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The founder of major Canadian crypto exchange QuadrigaCX, Gerald Cotten, may have stored the exchange’s private keys on paper in a safety deposit box, Bloomberg reported on Feb. 15. In an interview on the “True Bromance Podcast” in February 2014, Cotten warned of the danger of losing keys to cold wallet storage systems, and thus losing access to the assets stored on them. “Even the U.S. government, with the biggest computers in the world, could not retrieve those coins if you’ve lost the private key. It’s impossible to retrieve those,”…

Don’t Listen To Crypto Critics, Bitcoin “Really Is Money”

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Since Bitcoin (BTC) came into being, incumbents of the legacy world, such as Jamie Dimon or Janet Yellen, have bashed the cryptocurrency en-masse. Dimon, the chief executive of JP Morgan (ironic, I know), remarked that Bitcoin is a “fraud” and of no inherent value, while former Federal Reserve chair Yellen quipped that the asset is “anything but useful.” Even JP Morgan’s research group has been overtly skeptical of cryptocurrencies, remarking that BTC could fall to $1,260, as its value will only be proven in a dystopian world where fiat currencies…

Don’t Listen To Crypto Critics, Bitcoin “Really Is Money”

boss

Since Bitcoin (BTC) came into being, incumbents of the legacy world, such as Jamie Dimon or Janet Yellen, have bashed the cryptocurrency en-masse. Dimon, the chief executive of JP Morgan (ironic, I know), remarked that Bitcoin is a “fraud” and of no inherent value, while former Federal Reserve chair Yellen quipped that the asset is “anything but useful.” Even JP Morgan’s research group has been overtly skeptical of cryptocurrencies, remarking that BTC could fall to $1,260, as its value will only be proven in a dystopian world where fiat currencies…

Moscow Blockchain Cluster Needs Intellectual Property Mechanism, Says Expert

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The Moscow-based blockchain innovation cluster needs a mechanism for assessing intellectual property, says the founder of blockchain platform Universa.io, Aleksandr Borodich. Borodich’s statements were reported by Russian news agency TASS on Feb. 15. The plans to launch a blockchain-based city innovation cluster by summer 2019 were initially announced by the Moscow municipal government earlier in February. The upcoming platform for the city’s IT innovation cluster will purportedly bring together various tech and business entities and enable participants to find potential partners, as well as learn about their products and equipment.…

Chainalysis Secures $30M: Despite Bitcoin Crash, Crypto Venture Money Still Flowing

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The so-called “crypto winter” has undoubtedly been tough on a majority of this ecosystem’s upstarts, even those with supposedly colossal war chests and copious amounts of talent. Heck, earlier this week, Ripple cut Bloomberg alumni Cory Johnson, the fintech firm’s chief market strategist, due to shifts in the Bitcoin winds. Bitmain, Huobi, and ShapeShift are also among industry powerhouses that have mandated staff cuts to bolster their bear market bottom lines. Other firms, such as Giga Watt and Liqui, have collapsed entirely. But interestingly, it seems that the crash in…