June 24, 2019 @ 3:34 pm By Cali Haan  |  

Facebook announced it’s forthcoming price-stabilized cryptocurrency, “Libra,” last week, and many politicians across the globe have been sounding the alarm on it. A number of American politicians issued sober warnings regarding the advent of Libra. US Senator Sherrod Brown warned that Facebook’s new payment system would… Read More

June 23, 2019 @ 8:29 pm By Cali Haan  |  

A Senior Analyst on Greenwich Associates’ Market Structure and Technology Team has produced a whitepaper and participated in a series of videos that challenge “DLT maximalist” claims that distributed ledger technology (DLT or “blockchain”) can effectively replace the roles played by central clearinghouses in securities settlement…. Read More

June 22, 2019 @ 12:00 pm By Cali Haan  |  

Fiduciary and operational incompetence have been a matter of record since news emerged that Gerald Cotten, CEO of the Canadian cryptocurrency trading platform QuadrigaCX, died without giving anyone password access to $215 million CAD of user cryptocurrencies he ostensibly kept in cold wallet storage devices…. Read More

June 22, 2019 @ 8:30 am By Cali Haan  |  

Bank of England Governor Mark Carney told colleagues at the Lord Mayor’s Banquet for Bankers and Merchants of London June 20th that DLT (distributed ledger technology, also known as “blockchain”) used for financial settlements could save, “….billions of pounds in capital and liquidity that can be… Read More

June 22, 2019 @ 8:07 am By Cali Haan  |  

Facebook’s new cryptocurrency “stablecoin” network, Libra, will not use the same energy-consumptive system as Bitcoin, but the coin could still lead to a boom in the creation of standard data centres, a sector that already consumes as much power aviation, The Verge reports. This week’s… Read More

June 19, 2019 @ 10:40 pm By Cali Haan  |  

Consultant group and “Big Four” accounting firm Deloitte has released its 2019 Global Blockchain Survey. The company has been conducting blockchain surveys since at least 2015. The current survey was conducted between February 8 and March 4, 2019 and a sample of 1,386 senior executives from… Read More

June 19, 2019 @ 2:07 am By Cali Haan  |  

Tezos, a blockchain project that raised $232 million USD in a 2017 ICO before faltering from internal strife, four class action suits, and the sanctioning of its CEO by FINRA, will now be the subject of a “hard fork” as former Tezos developers walk away… Read More

June 18, 2019 @ 10:20 pm By Cali Haan  |  

The Rhode Island Department of Administration/Division of Purchases is soliciting, “…proposals from qualified firms to provide a limited Proof-of-Concept implementation of the use of Blockchain technology to further the State’s goal of becoming more efficient, transparent, accurate, secure and business-friendly…” Deadline for submissions is Friday, June… Read More

June 18, 2019 @ 2:11 pm By Cali Haan  |  

Viruses “first marketed in a Russian bulletin board in June 2011” have been found on computers of employees at Coincheck, a Japanese cryptocurrency exchange hacked in January 2018 for more than $534 million USD in NEM tokens, Asahi Shimbum writes. Previously, South Korean intelligence had… Read More

June 18, 2019 @ 1:16 pm By Cali Haan  |  

Police from the city of Qiqihar in Western China used a drone to locate an illegal Bitcoin mine hidden in the centre of the large “fish pond” or marsh adjacent to an oil production facility, Chinese news outlet Huangiu reports. Police from the Green Grassland… Read More

June 18, 2019 @ 10:18 am By Cali Haan  |  

Following a recommendation made last year in April by Korea’s Fair Trade Commission, five cryptocurrency exchanges in the country have updated their terms of service to state they can be liable for losses resulting from cyberattacks or system malfunctions, YonHap News reports.  The new language… Read More

June 17, 2019 @ 10:13 pm By Cali Haan  |  

Alex Sobel, Labour and Cooperative MP for Northern English district of Leeds North West, has called Bitcoin, “…a right-wing nightmare which facilitates tax evasion, money laundering and environmental degradation.” He has also warned that, “…the Left has continuously failed to engage with questions of finance,… Read More

June 17, 2019 @ 3:48 pm By Cali Haan  |  

Lithuania’s previously unregulated cryptocurrency sector will now have to abide by provisions set out in the Fifth EU Anti-Money Laundering Prevention Directive, Lithuanian news outlet Delfi reports. Amendments to existing laws, made last Wednesday by members of the Lithuanian cabinet, oblige all crypto businesses in… Read More

June 16, 2019 @ 2:49 pm By Cali Haan  |  

Jack Dorsey, self-taught programmer and co-founder of Twitter and Square gave two interviews this week in which he talked up Square’s recent efforts to coalesce an in-house team of developers that will contribute to coding Bitcoin and possibly other cryptocurrencies. Square began by providing credit… Read More

June 15, 2019 @ 10:53 am By Cali Haan  |  

Europe’s largest cryptocurrency law enforcement event took place this week, June 12th to 14th, at Europol’s headquarters in The Hague, Netherlands, where pan-continental police force also announced it is developing a “serious game” to train investigators in the tracing of cryptocurrency transactions. Over 300 cryptocurrency experts from… Read More

June 15, 2019 @ 10:48 am By Cali Haan  |  

Bitfinex, a cryptocurrency trading platform and sister company to stable coin-issuer Tether, announced June 14th that buybacks of its LEO token, issued to help cover operational shortfalls, have begun. LEO token bought back are purportedly being “burned” (decommissioned) by the issuer. About a billion tokens… Read More

June 14, 2019 @ 6:43 pm By Cali Haan  |  

Starting in July, Boston-based multi-platform cryptocurrency services and investment firm Circle will begin retiring its payment app, Circle Pay, in order to focus on developing its cryptocurrency stable coin project USD Coin (USDC), the company has announced. USD Coin was jointly launched last October by Circle… Read More

June 14, 2019 @ 4:16 pm By Cali Haan  |  

One day after announcing the creation of a dedicated cryptocurrency trading platform for US customers, Binance, the world’s largest cryptocurrency exchange by volume, has modified its terms of service to exclude “any U.S. person.” The change comes under the subheading “Prohibition of Use” in the… Read More

June 13, 2019 @ 8:20 am By Cali Haan  |  

The “cryptosphere” has been aflutter over news that Tron cryptocurrency network co-founder Justin Sun successfully bid $4.56 million USD in a charity auction to have lunch with Warren Buffet. Buffet, 88, billionaire CEO of Berkshire Hathaway is vociferous crypto-detractor who has often taken to the… Read More

June 13, 2019 @ 6:56 am By Cali Haan  |  

Legendary Bitcoin boy millionaire Erik Finman is building a cryptocurrency investment platform he hopes will make cryptocurrency trading “more tangible and tactile” for the average person. “A huge factor preventing bitcoin from going into a bull run is its difficulty to buy. It’s not uncommon… Read More