Known in the crypto industry for his comments on the burgeoning asset class, former presidential candidate Andrew Yang’s name does not appear on the DNC’s latest speaker list, according to an article from USA Today. Released on Aug. 10, the current DNC speaker list includes Bernie Sanders and Pete Buttigieg, among others, USA Today said. “I’ve got to be honest I kind of expected to speak,” Yang said in an Aug. 11 tweet. “Maybe I endorsed against one too many incumbents,” he added in a following Twitter post. Congressman Ted…
Month: August 2020
Bitcoin is Almost as Big as Bank of America
All the speculative capital invested in Bitcoin (BTC) at the moment totals just a few billion dollars shy of Bank of America’s market valuation. Bitcoin’s current market cap sits just over $217 billion, according to Cointelegraph data at press time, while Yahoo Finance shows Bank of America’s market cap holding slightly over $226 billion — a comparison introduced in a recent article from The Next Web. Bitcoin’s market cap climbing in comparison Although it has endured its fair share of dramatic price fluctuations, Bitcoin’s price has grown substantially in 2020,…
An Official North Dakota Cryptocurrency Could Be on the Horizon
Rep. Nathan Toman says that he desires a “North Dakota coin” He believes that such an asset could potentially help the struggling economy in the wake of COVID-19, an Aug. 7 article from Inforum said. “That was my hope, but we’re a little bit late to the game on doing something like that,” Toman told Inforum regarding COVID-19 and North Dakota coin. Toman lobbied for blockchain’s many applications as part of the study, including self-governing systems, the article explained. Backed by aspects such as state-held precious metals and property, Toman told…
California’s Attorney General Warns People to Be Wary of Crypto Scams
Xavier Becerra, California’s attorney general, recently told the public to watch out for possible crooked dealings surrounding crypto and digital assets. While broadly referencing other hacks, an Aug. 7 statement from the California Department of Justice said: “Recently, unscrupulous actors have impersonated well-known politicians, celebrities, and business executives on social media and YouTube channels in ‘giveaway’ scams that falsely promised, for example, to double any digital assets sent to a specific digital asset wallet.” The comment, in part, refers to the recent July 15 Twitter attack, which saw a large number…
No One Knows Why Binance.US Is Down Right Now
Binance.US, the United States branch of major crypto exchange Binance, began suffering unforeseen platform issues on Aug. 7 around 15:26 UTC time, resulting in the company temporarily shutting off exchange features. “Please rest assured that all customer funds are safe, and we will provide a further update soon,” a Binance.US representative told Cointelegraph. “At 11:26am EST, we noticed our systems not functioning as intended,” Binance.US tweeted on Aug. 7. The tweet added: “To protect our users, we will be stopping trading, order processing, buy crypto, deposits, and withdrawals. We will let…
Goldman Sachs’ Interest In Blockchain Shows Innovation Out of Necessity
Mathew McDermott has assumed the role of global head of digital assets for banking giant Goldman Sachs, touting future blockchain predictions. “In the next five to 10 years, you could see a financial system where all assets and liabilities are native to a blockchain, with all transactions natively happening on chain,” McDermott told CNBC for an Aug. 6 article. Tweeting out the quote on Aug. 6, Morgan Creek Digital co-founder Anthony Pompliano added: “Wall Street is about to learn why technologists say innovate or die.” McDermott’s big plans include expansion…
Here’s Where the Earliest ETH Ever Mined Ended Up 5 Years Later
Ethereum, a household name in the crypto industry, fired up its network on July 30, 2015, but what happened to the first ETH coin ever mined all those years ago? Blockchain analytics and Anti-Money Laundering company Coinfirm found out. “Another great example of the many benefits of blockchains such as Ethereum compared to the traditional space, we can see and understand the literal creation of value and how it moves,” Coinfirm co-founder and CMO Grant Blaisdell told Cointelegraph, adding, “In a time where fiat printing by central banks and other…