Forbes to Launch Under 30 List on Ethereum Blockchain to Permanently Record Data

The Forbes Under 30 List, including all categories and individual profiles are available on the Ethereum blockchain for permanence. Forbes has announced the launch of its annual Under 30 list on the Ethereum blockchain. The announcement represents news of the first time a publication like this is launching on the blockchain and is a pointer to the potential of using blockchain technology to permanently store published data. Forbes is doing this to ensure that all of the achievements under the individual belts of the highlighted persons are permanently recorded on the blockchain.…

Crypto lender Geist Finance shuts down permanently over Multichain hack

Lending protocol Geist Finance is shutting down permanently due to losses from the Multichain exploit, according to a July 14 social media post from the app’s development team. Geist contracts were been paused on July 6, then resumed in “withdraw and repay only” mode on July 9. The latest post confirms the team does not plan to reopen lending and borrowing on Geist. 1/2 After confirmation from Multichain that the funds will not be recovered, we are announcing that Geist will not reopen. Because Chainlink oracles are tracking the value…

FTX authorized to ‘permanently redact’ customer names from all bankruptcy filings

Bankrupt cryptocurrency exchange FTX has been granted permission to remove individual customers from all court filings in its bankruptcy case. Meanwhile, the names of companies and institutional investors will be sealed for another 90 days. In recent times, mainstream media outlets have pushed for access to the list of FTX customers, arguing that the press and public have a “presumptive right of access to bankruptcy filings.” However, FTX has consistently objected to these requests, arguing that disclosing the names could potentially undermine the sale value of the crypto exchange if…

Huobi to permanently shut crypto operations in Thailand

Huobi’s Thailand unit is set to wind down operations by July 1, after its operating license was revoked by the Thai Securities and Exchanges Commission (SEC). The Thai SEC revoked Huobi’s license in May after it failed to comply with the local regulations. The permanent closure orders come nearly eight months after the regulators suspended the exchange’s services in September. The exchange claimed it has tried to fix the regulatory issues but would have to wind down operations owing to SEC orders. “Due to the SEC decision, Huobi Thailand is…

Central Bank Digital Currencies a Real Threat to Crypto but Won’t Permanently Destabilize Bitcoin – Markets and Prices Bitcoin News

Soros Fund Management’s chief investment officer (CIO) says that central bank digital currencies are a potential threat to bitcoin and other cryptocurrencies but it will only be temporary. She also says that bitcoin is taking some of gold’s buyer base away. Crypto’s ‘Inflection Point’ Soros Fund Management Chief Investment Officer (CIO) Dawn Fitzpatrick talked about bitcoin and the impact central bank digital currencies (CBDCs) could have on the crypto industry in an interview on Bloomberg’s Front Row last week. She said: We think the whole infrastructure around crypto is really…

Donald Trump Permanently Banned From Twitter

U.S. President Donald Trump has been permanently banned from Twitter, less than two weeks before he is set to leave office. Twitter announced the move late Friday, saying it had conducted a “close review” of the President’s recent tweets and how they were being received, and concluding that two tweets on Friday might lead to violence on or around the inauguration of President-elect Joe Biden later this month. Twitter had previously suspended Trump’s access for 12 hours on Wednesday, after a mob composed of the President’s supporters broke into the…

BitPay decides to let all employees work from home permanently

Bitcoin (BTC) payment and wallet company BitPay has chosen to take its company’s working atmosphere remote, permanently. A poll from within the company revealed: “85% of employees preferred to work from home and felt they were more productive,” said a Sept. 15 statement. “This insight coupled with the continuation in business, is a main reason the company chose to make working from home permanent.” As a niche largely held within the digital world, the crypto space often sees companies and individuals working remotely. A growing trend in light of COVID-19…

The Bitcoiners Who Live ‘Permanently Not There’

Katie Ananina is building her citadel, and selling others on the dream.  For the past year, the Russian emigre has jumped among the U.S. cities of Miami, Houston, San Francisco and Denver, plus Puerto Rico, random islands in the Caribbean and Guadalajara, Mexico, trying to find the right location to establish a base camp. It’s part of her lifestyle as well as her job.  Ananina is the founder of Plan B Passport, a business that works primarily with Bitcoiners to obtain legal residency status in their choice of six tax-haven…