Day: October 5, 2021

Iceland 2008 firsthand – Cointelegraph Magazine

Many Bitcoiners look forward to the day in the future when the banking system collapses and hyper-Bitcoinization occurs. But Jared Bibler — an American who experienced the most dramatic banking and share market collapse in living memory in Iceland in 2008 — says the reality is something no one would ever want to experience. “It’s a deep nausea in the pit of your stomach that does not go away over many months, that feeling of ill-being persists,” he says. “Because it doesn’t happen all in one day. It happens slowly.”…

¿Es el bitcoin una ESTAFA?: El creador de una popular criptomoneda desvela "el oscuro negocio"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A estas alturas creo que todos sabemos lo que es una criptomoneda o una criptodivisa. La reina de todas ellas es el bitcoin, y en popularidad le sigue el Ethereum, pero no son las únicas. En el mercado digital puedes encontrar una variedad de criptomonedas que comparten, entre otras cosas, el hecho de que son descentralizadas y utilizan la tecnología blockchain, una tecnología que sirve como base de datos en las transacciones financieras. Pero en todo este mar de criptomonedas hay una…

Chainalysis Acquires Cybercrime Solutions Provider Excygent

Blockchain data platform Chainalysis announced it had acquired Excygent, a professional services firm that helps government agencies with cybercrime investigations, data processing and lead generation. Financial terms weren’t disclosed for the deal, which marks Chainalysis’s first acquisition. The acquisition follows Chainalysis’s $100 million funding round in March at a $2 billion valuation. “Cybercrime like ransomware is one of the biggest barriers to building trust in cryptocurrency,” said Chainalysis co-founder and Chief Executive Officer Michael Gronager in a press release. “The expertise brought by the Excygent team…

Higher Education Needs a Michael Saylor — CoinDesk

My favorite quote from MicroStrategy CEO and bitcoin advocate Michael Saylor is “you don’t have to invest all of your money in bitcoin, just the money you don’t want to lose.” If higher education institutions don’t invest in a Saylor-like fashion, Christensen will be right. In August of 2020, Wells College, located in upstate New York, and 200 other small, private colleges were in danger of closing due to the pandemic. At the end of 2019, Wells College endowment was valued at $27 million if its president had invested it…

Chainalysis Acquires Cybercrime Investigations Firm Excygent

Blockchain data platform Chainalysis announced it has acquired Excygent, a professional services firm that helps government agencies with cybercrime investigations, data processing and lead generation, for an undisclosed amount. The deal marks Chainalysis’ first acquisition and follows its $100 million funding round in June at a $4.2 billion valuation. “Cybercrime like ransomware is one of the biggest barriers to building trust in cryptocurrency,” said Chainalysis co-founder and CEO Michael Gronager in a press release. “The expertise brought by the Excygent team directly aligns with our mission to leverage the transparency…

Want Cleaner Bitcoin Mining? Subsidize It — CoinDesk

This is an incredible feature of Bitcoin, which exists only because it is a single market, in which every miner competes for the same exact finite resource (new units of bitcoin). Thus, a new unit of hashrate no longer empowers existing miners, economically,speaking. If enough sustainable units come online, especially if they are subsidized (and so the equilibrium for hashrate is higher than it otherwise would be, at normal breakevens), some regular miners with a generic energy mix will no longer be profitable and will shutter their operations. Few other…

THORSwap closes investment round as cross-chain DEXs take center stage

Cross-chain decentralized exchange THORSwap has concluded a $3.75 million private token sale backed by leading venture funds within the blockchain industry, offering further evidence that investors are keen to back market-ready DeFi platforms.  The funding will be used by THORSwap to continue building its development and operational resources, including the launch of new products on top of THORChain, the decentralized liquidity network powering the exchange. The private token sale was led by IDEO CoLab Ventures with participation from True Ventures, Sanctor Capital, Nine Realms, Proof Group, 0xVentures, Qi Capital, THORChain…