Bitcoin Price Could ‘Absolutely’ Crash Below $3,000: Crypto Pioneer

Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Hacked.com. Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Bitcoin’s April rally has captured the attention of observers both inside and outside crypto–land, with the price perched above $5,200 once again. Blockchain pioneers are confronting the pop, even if…

Bitcoin Pioneer Jeff Garzik Subpoenaed in $4 Bln Lawsuit Against Craig Wright

Software engineer and Bitcoin (BTC) pioneer Jeff Garzik has been subpoenaed by a United States District Court in connection with the $4 billion lawsuit against Craig Wright, according to a document Garzik posted in a tweet on March 15. The suit was initially filed last February with the U.S. District Court of the Southern District of Florida, with the family of David Kleiman —  a computer scientist, whom many suspect to have been one of the developers of Bitcoin and blockchain technology — alleging that Wright stole up to 1.1…

This Cybersecurity Pioneer Thinks Bitcoin Cannot Replace the Current Financial System

Photo: CEBIT AUSTRALIA / Flickr Since cryptocurrencies were introduced for a wide public, there have been discussions whether they will be able to replace fiat money one day or not. Though new use cases and crypto-related products appear here and there, still it is too early to say that they are ready to take the role of fiat money. World Is Not Ready One of those who doesn’t believe that the world is ready for full adoption of cryptocurrencies is billionaire Eugene Kaspersky who is known as cybersecurity pioneer and…

Crypto Pioneer Mark Jeffrey is Sure that Bitcoin will Reach $250k, and Here’s Why

Photo: Mark Jeffrey / Facebook Jeffrey remarked that cryptocurrencies are much like the early Dotcom industry, echoing remarks made by a number of analysts, such as Meltem Demirors. Yet, he noted that this budding space is compressed time-wise in comparison to Dotcom, explaining that development in this space is four to five times faster than Internet-enabled digital technologies. Thus, crashes and rallies are only accentuated and amplified. He said: “This is very much like the dotcom boom and bust cycle that we saw in the late 1990s, early 2000s. We’ve…

Crypto Pioneer Mark Jeffrey is Sure that Bitcoin will Reach $250k, and Here’s Why

Photo: Mark Jeffrey / Facebook Jeffrey remarked that cryptocurrencies are much like the early Dotcom industry, echoing remarks made by a number of analysts, such as Meltem Demirors. Yet, he noted that this budding space is compressed time-wise in comparison to Dotcom, explaining that development in this space is four to five times faster than Internet-enabled digital technologies. Thus, crashes and rallies are only accentuated and amplified. He said: “This is very much like the dotcom boom and bust cycle that we saw in the late 1990s, early 2000s. We’ve…

Bitcoin Pioneer: 2019 Will See Crypto Phoenixes Rising From The Ashes

It isn’t a secret that 2018 was a dismal year for the cryptocurrency market. Entire projects centered around Bitcoin (BTC) collapsed, while a handful of altcoins tumbled off proverbial cliffs. Yet, one of the crypto space’s earliest pioneers and zealous believers claims that 2019 may be a turnaround year for this sector. Crypto Heavyweight Charlie Shrem On 2019’s Prospects Save for the Winklevoss Twins, it has been argued that Charlie Shrem, an American citizen that became the second high-profile Bitcoin enthusiast to get arrested (after Ross Ulbricht), is one of the…

U.S. Bitcoin Mining Pioneer GigaWatt Files for Bankruptcy in Washington

GigaWatt, one of the earliest players in Central Washington’s bitcoin boom, has filed for bankruptcy protection, making it the latest casualty in an industry hammered by falling prices, the Seattle Times reported on November 21, 2018. Washington Bitcoin Pioneer Seeks Chapter 11 Protection In the latest twist in an entrepreneurial saga stretching back to the early days of bitcoin, Washington mining pioneer GigaWatt has reportedly filed for bankruptcy. According to a report from the Seattle Times, employees of the East Wenatchee company, which hosts thousands of computer servers for cryptocurrency…

The Daily: Crypto Game Developer Raises $15M, Bitcoin Pioneer Faces Lawsuit

In today’s edition of The Daily, we look at a successful funding round for a developer of a popular cryptocurrency-powered game. We also report on a famous early entrepreneur in the Bitcoin space who has been accused of stealing money to buy Maserati cars, big powerboats and luxury real estate. Also Read: Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert Google and Samsung Investin Crypto Kitties Developer Dapper Labs — the developer behind Crypto Kitties, the game that famously clogged up the Ethereum network — has announced…

Apple Pioneer Steve Wozniak Joins Blockchain Fund as Co-Founder

Steve Wozniak, the tech entrepreneur best known as the co-founder of Apple, has joined EQUI Global, a venture capital fund built using blockchain technology, as a co-founder. In a Medium post published by the company, Wozniak said that he will scout for technology companies to find the “tech stars” of the future. He also said that he receives innovative pitches regularly; however, this is the first time, after Apple, that he has agreed to join a company. Wozniak added that he believes technology has the power to modify and improve businesses. EQUI…

VOIP Pioneer Says New Startup Is Paying Users Interest on Millions in Crypto

Celsius, a cryptocurrency lending startup, says it’s paying thousands of users interest for depositing bitcoin and ether with its wallet app. Revealed exclusively to CoinDesk, Celsius claims to have garnered more than 10,000 users since the soft launch of its mobile app on June 29, with an average deposit of 0.5 bitcoin or 5.5 ether earning up to 6.7 percent on an annualized basis. The interest comes from income Celsius makes lending fiat and crypto, much of the latter to hedge funds that want to short, or bet against, the…