BitFlyer USA, the American branch of Tokyo-based cryptocurrency exchange BitFlyer, unveiled upcoming compatibility in the U.S. state of Hawaii. “We chose Hawaii due to the regulatory sandbox for digital currency they set up,” BitFlyer COO Joel Edgerton told Cointelegraph. “We also chose Hawaii due to close links between the state and Japan,” he added. “Our name recognition is particularly high in Hawaii.” Hawaii’s Division of Financial Institutions and its Technology Development Corporation constructed the Digital Currency Innovation Lab — the gateway used to bring BitFlyer into the state, said an Aug. 19…
Day: August 19, 2020
John McAfee Has Left His Own Privacy Asset Project
Technology pioneer and cryptocurrency advocate John McAfee has just announced his departure from his own privacy asset project, Ghost. “I am abandoning the the Ghost project,” he said in an Aug. 19 tweet. “Management is incapable of making a success of the project,” he explained, adding, “It will, without a doubt fail.” He elaborated: “I tried to explain the fundamental principles of management, but they fell on deaf ears. My apologies to those that I led astray. Sorry.” McAfee has bashed Bitcoin in recent months for its lack of privacy. The…
“Kamala Harris Can Learn Crypto”
Sen. Kamala Harris, who was recently chosen to be U.S. presidential candidate Joe Biden’s running mate, may not be crypto savvy yet, but Tim Draper believes she can learn. Harris is a native Californian whose political career has largely focused on her home state. She served as San Francisco’s District Attorney, and currently represents the state in the Senate. Draper comes from a political family; his grandfather served as the first U.S. ambassador to NATO. Draper himself has been active politically as well. In 2014, he filed a petition to…
Russia Pilots Federal Voting on Waves Blockchain
Russia is set to pilot a national blockchain-based e-voting system in September. The new system was developed in partnership between Rostelecom, Russia’s largest integrated provider, and Waves Enterprise. Another recent blockchain e-voting experiment in Russia ended in fiasco after the system suffered a number of setbacks and attacks. The Russian government used a different blockchain provider, Bitfury, for that particular implementation, however. Artem Kalikhov, chief product officer of Waves Enterprise, told Cointelegraph that their work with Rostelecom was independent of that previous pilot. Kalikov said that the system developed by Waves employes zero-knowledge…
Why An Analyst Thinks Litecoin Is “One of the Better Bearish Plays”
After a multi-year bear market, Litecoin (LTC) has finally begun to move higher over recent days. The asset has gained around 20% since the lows of last week at approximately $55. While there are many arguing that LTC has momentum, one analyst says that Litecoin is one of the “better bearish plays” in the crypto market right now. This same analyst has also expressed a bearish opinion about Bitcoin, arguing that the asset could retrace to the $8,000s in the months ahead. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum…
After 80% Surge in a Month, Ethereum’s Rally Is at Risk: Here’s Why
Ethereum has embarked on a stellar rally over the past few months. Since the March lows, the asset has gained around 400%, rallying from ~$90 to $425, where it trades as of this article’s writing. The cryptocurrency, in the past month alone, has gained 80%. It isn’t clear what exactly has been catalyzing this rally, but analysts have suggested that it’s a confluence of at least three things: Bitcoin gaining strength, both in price and in intrinsic value due to macroeconomic trends like money printing. Decentralized finance applications largely based…