Day: May 10, 2019

Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO

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Ethereum founders Joseph Lubin and Vitalik Buterin and their respective organizations ConsenSys and the Ethereum Foundation are each donating 1,000 ether (ETH) to the Moloch decentralized autonomous organization (DAO). This donation brings the organization’s total funds up to $1 million,  a Cointelegraph correspondent learned at the Ethereal Summit on May 10. The stated objective of Moloch DAO, created by Ameen Soleimani — the CEO of the Ethereum-based adult token platform Spankchain — aims to crowdsource funding for shared, open-source Ethereum infrastructure. Moloch DAO states: “Our objective is to accelerate the…

Ethereum Foundation Announces Annual Funding, Next Devcon Location

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The Ethereum Foundation is planning to spend $30 million on different projects across the ecosystem over the next 12 months, the company’s executive director Aya Miyaguchi revealed at the ConsenSys’ Ethereal Summit on May 10. In the course of the next year, the Foundation is going to allocate funds for improvement of Ethereum’s performance and security, which includes working on the current proof-of-work (PoW) algorithm of Ethereum 1.x and general core support and development, raising awareness about the altcoin by organizing hackathons, developing relations, and attracting new talent, among other…

William Shatner Beams Up Ethereum-Based Proof-of-Authenticity Token

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By CCN: William Shatner announced he’s partnering with Mattereum to launch an Ethereum token that authenticates and digitally transfers ownership of physical items like collectibles and instruments. He tweeted: “Today I am announcing that I am partnering with Mattereum and other technology creators to establish an authentication system, it establishes an irrefutable, internationally recognized proof of authenticity.” Shatner gave a shout out to homeboys Elon Musk and Vitalik Buterin in a tweet with a video making the announcement: Cryptonians! My friends @VitalikButerin & @ElonMusk were trying to decide what to…

New York Assemblyman Says Blockchain Industry Needs Better Lobbying, Education

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New York State Assemblyman Clyde Vanel said that the blockchain industry needs to be better at lobbying for itself and educating regulators. Vanel delivered his comments at a panel of ConsenSys’ Ethereal Summit on May 10. Vanel said that crypto- and blockchain-based business need to better advertise their accomplishments and value to the public. He noted that, within the nascent industry, bad actors often get all of the press, while projects that have real value are overlooked. Regarding blockchain, Vanel outlined the importance of educating the community, decision-makers, lawmakers and…

Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

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By CCN: Market contrarian and popular gold bug Peter Schiff has once again come out with guns blazing against bitcoin and cryptocurrency. Peter Schiff: ‘Ponzi Scheme’ Bitcoin Is ‘Fool’s Gold’ with ‘No Value’ In an interview with Max Keiser of the Keiser Report, Schiff – the CEO of Euro Pacific Capital – ranted that bitcoin “pretend[s]” to be gold but is just “fool’s gold.” “I don’t think bitcoin has anything in common with gold. I mean it tries to pretend to be gold, but I think it’s fool’s gold.” The…

Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

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By CCN: Market contrarian and popular gold bug Peter Schiff has once again come out with guns blazing against bitcoin and cryptocurrency. Peter Schiff: ‘Ponzi Scheme’ Bitcoin Is ‘Fool’s Gold’ with ‘No Value’ In an interview with Max Keiser of the Keiser Report, Schiff – the CEO of Euro Pacific Capital – ranted that bitcoin “pretend[s]” to be gold but is just “fool’s gold.” “I don’t think bitcoin has anything in common with gold. I mean it tries to pretend to be gold, but I think it’s fool’s gold.” The…

Messari CEO Predicts Ethereum 2.0 PoS Transition Will Be Delayed to 2021

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The CEO of crypto analytics firm Messari is predicting that the Proof of Stake (PoS) transition for Ethereum will be later than what the current time table for the currency is indicating. While Ethereum devs in February announced the intention to transition away from a Proof of Work (PoW) blockchain to Proof of Stake within the next eighteen months, occuring before the end of 2020, Messari’s CEO Ryan Selkis thinks ETH users will have to wait another calendar year. Selkis made his prediction during a panel hosted by ConsenSys’ Ethereal…

New Ernst & Young Report Reveals Assets and Debts of Now-Defunct QuadrigaCX

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A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of  major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on May 9. EY — a monitor to the creditor proceedings of now-defunct QuadrigaCX — has published a trustee’s preliminary report revealing that Quadriga has around $20.8 million in assets, and around $160 million in liabilities as of April 12, 2019. The debt and assets are spread between three subsidiary companies; 0984750 B.C. LTD. (the “Quadriga Estate”),…

Amazing! Bitcoin Is 2019’s Top-Performing Asset Outpacing Stocks & Oil

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By CCN: In December 2018, the mainstream media proclaimed the death of bitcoin (BTC/USD) for the millionth time. At that point, the first cryptocurrency dropped by as much as 84% from the all-time high of around $20,000 as the price plunged below mining costs. The bearish sentiment was so strong that almost no one dared to long the digital asset. Those who did, however, have been handsomely rewarded because bitcoin is 2019’s best-performing asset globally. Bitcoin Outperforms Other Assets by a Huge Margin It may come as a shock to…

Amazing! Bitcoin Is 2019’s Top-Performing Asset Outpacing Stocks & Oil

boss

By CCN: In December 2018, the mainstream media proclaimed the death of bitcoin (BTC/USD) for the millionth time. At that point, the first cryptocurrency dropped by as much as 84% from the all-time high of around $20,000 as the price plunged below mining costs. The bearish sentiment was so strong that almost no one dared to long the digital asset. Those who did, however, have been handsomely rewarded because bitcoin is 2019’s best-performing asset globally. Bitcoin Outperforms Other Assets by a Huge Margin It may come as a shock to…