Day: January 9, 2020

NY Governor Wants Crypto Firms to Cover Costs for NYDFS Oversight

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Cryptocurrency entities licensed under the New York’s Financial Services Law (FSL) should pay the costs of regulatory oversight, Governor Andrew Cuomo believes. The Democratic Governor purportedly wants the state authorities to amend the FSL in order to require virtual currency-related entities within the FSL jurisdiction to foot the bill for examination and oversight conducted by New York State Department of Financial Services (NYDFS). The NYDFS is one of primary regulatory agencies for crypto-related businesses in New York state as the regulator issues a major business license for cryptocurrencies, the BitLicense.…

MARKETS DAILY: The Nakamoto.com Debacle

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After a dramatic start to 2020, bitcoin is down today for the second straight day. Markets Daily is back with the news moving markets over the last 24 hours, plus a look at Nakamoto.com’s troubled launch and how it relates to ‘Bitcoin Maximalism’. Later, Brad breaks down a new paywalled report on the upcoming bitcoin “Halving” No time to listen? scroll down for the complete episode transcript… Crypto markets, industry and international news roundup A brief look at both sides of the recent Nakamoto.com debacle The new report out on…

ECB President Pushes for a Central Bank Digital Currency

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The president of the European Central Bank (ECB), Christine Lagarde, supports the bank’s active involvement in the development of a central bank digital currency (CBDC) to address the demand for faster and cheaper cross-border payments. In an interview with French business magazine Challenges published on Jan. 8, Lagarde discussed the most likely threats to the global economy in 2020, among which she named a downturn in trade and a range of uncertainties, geopolitical risks and climate change. Going further, Lagarde noted that “the EU is still the most powerful economic…

Thomas Carter: The 2 Keys That Will Unlock Mass Adoption of Cryptocurrency and Blockchain in 2020

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by Thomas Carter Blockchain technology saw exponential growth in 2019, unprecedented adoption and interest by governments and institutions around the world validating its utility. But here’s where things get really interesting from an investor’s perspective. 2020 is indeed shaping up to be the tipping point towards the widespread adoption of blockchain and cryptocurrency. From a global macro level, the stage is set. “At the end of the ICO craze in 2018 what was apparent was that raising capital with digital tokens was efficient and viable. What also became apparent was…

Blockchain Lock IoT-Solution Aims to Tackle Porch Pirates

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Internet of Things (IoT) software developer It’s Here announced the launch of a blockchain-enabled lock that purportedly prevents porch pirating. According to a press release shared with Cointelegraph on Jan. 7, the solution — dubbed IoTLock — is comprised of a software system and mobile decentralized application (DApp) that can turn any keypad-enabled device into blockchain-secured smart devices. The document cites mailboxes, delivery boxes, and safes as examples of devices that can be upgraded with the solution. In the case of mailboxes, by allowing access only to authorized people such…

Nationwide retailer fined half a million pounds for failing to secure information of at least 14 million people

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The Information Commissioner’s Office (ICO) has fined DSG Retail Limited (DSG) £500,000 after a ‘point of sale’ computer system was compromised as a result of a cyber-attack, affecting at least 14 million people. An ICO investigation found that an attacker installed malware on 5,390 tills at DSG’s Currys PC World and Dixons Travel stores between July 2017 and April 2018, collecting personal data during the nine month period before the attack was detected. The company’s failure to secure the system allowed unauthorised access to 5.6 million payment card details used…

What Are the Biggest Topics to Follow in 2020 Beside Crypto

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I follow the macro trend of how access to financial products is changing and try to make sense of what that means for blockchain applications. We are not operating in a vacuum, but in a dynamic market where manufacturing, distribution and the value chain of financial services are interconnected, and further impacted by politics and society. How people buy investments and bank accounts, outside of crypto, is starting to fundamentally change. For example, when you need to buy Aspirin for a headache, you don’t go to the Aspirin store. You…

Bitcoin Sign Guy Is Back, Bringing Sound Money to Urbit’s ‘Sound Computer’

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If bitcoin is digital cash and ethereum is digital law, Urbit is digital land.  The highly ambitious cloud computing project imagines nothing less than a rewiring of the internet, allowing users, not corporations, to own their online identities and data. While most blockchain projects rely on Amazon Web Services and other behemoths for essential infrastructure, Urbit goes back to first principles.  And 2020 could be Urbit’s big moment. After years of trickling development, and not a little controversy owing to its connections to an online fringe movement, the project finally…

Bitcoin Sign Guy Is Back, Bringing Sound Money to Urbit’s ‘Sound Computer’

boss

If bitcoin is digital cash and ethereum is digital law, Urbit is digital land.  The highly ambitious cloud computing project imagines nothing less than a rewiring of the internet, allowing users, not corporations, to own their online identities and data. While most blockchain projects rely on Amazon Web Services and other behemoths for essential infrastructure, Urbit goes back to first principles.  And 2020 could be Urbit’s big moment. After years of trickling development, and not a little controversy owing to its connections to an online fringe movement, the project finally…

Will Google’s Quantum Supremacy Break Bitcoin in 2020?

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The topic of quantum computing has been steadily gaining interest within the cryptosphere, particularly so over the past 12 months. Given the heightened curiosity and concern, it is worth resolving some open questions around quantum supremacy for the crypto community, as there is a tremendous amount of misinformation circulating online. Will our Bitcoin be stolen? Many people harbor the fear that Sycamore, Google’s 54-qubit quantum processor, could outsmart the system and steal everyone’s Bitcoin. If there were to be no changes to the current implementation of the Bitcoin network, this…