Month: January 2019

Brandon Simons Verge (XVG) Technical Director Brandon Simons has released a tell-all account about the origin of the cryptocurrency and his involvement with the early development and marketing efforts. In a post on his medium page, Simons who goes by the internet sobriquet CryptoRekt revealed that his interest in cryptocurrency first began in October 2009 when he discovered bitcoin, which he mined extensively for the next two years. Following a hard disk crash in 2011 which saw him lose thousands of BTC, Read more …

The Daily In the first edition of The Daily for 2019, we feature two best selling authors from outside the cryptocurrency community that recently used their social media reach to introduce the idea of Bitcoin to their numerous followers. Tony Robbins simply wants his readers to know “what the heck is bitcoin,” and Jordan Peterson explores crypto donations to avoid possible censorship by the likes of Patreon, Paypal, Visa or Mastercard. Also Read: Bakkt Completes First Round of Funding With Read more …

Perceptions of Bitcoin (BTC) versus altcoins changed forever in 2018, as the largest cryptocurrency separated itself from the rest, Bitcoin developer Jimmy Song wrote in a blog post on Dec. 31. An ardent defender of Bitcoin’s decentralized values, Song, who is also a frequent social media commentator, argued that last year “showed […] what Bitcoin Maximalists have been saying all along.” “Bitcoin is different because Bitcoin is decentralized,” he summarized, adding: “The advantages of decentralization are often subtle and easy Read more …

While Bitmain has made forays into artificial intelligence and other budding markets, at heart, Bitmain is a Bitcoin– and crypto-centric mining startup. So, it should come as no surprise that industry participants were shell-shocked when hearsay arose that Bitmain was poised to shutter a number of its mining-related ventures. However, one crypto analyst has claimed that the firm’s reported shift in strategy isn’t “necessarily a big deal.” Bitmain’s Crypto Mining Operations Reportedly Folding Although Bitmain is hailed as the de-facto Read more …

Regulation The Indian government has reportedly provided an update on its progress toward the country’s regulatory framework for cryptocurrencies. The government provided its latest stance in areas such as the national cryptocurrency and licensing of crypto businesses. It is pursuing crypto regulations “with due caution,” according to reports. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations No Specific Timeline The Indian Ministry of Finance has reportedly answered some questions regarding cryptocurrencies asked by Lok Sabha, the Read more …

Bitcoin payment processing startup OpenNode has rejected a $1.5 million investment gesture made by Roger Ver. The company, which exclusively supports the Bitcoin payment protocol, confirmed that its vision of a better and more open financial system could not be achieved with Bitcoin Cash, adding that it would spend 100% of its resources on Bitcoin and its second-layer payment solutions instead. No amount of money will make us service inferior money. https://t.co/unBoSX2zpZ — Rui Gomes (@ruigomeseu) December 30, 2018 OpenNode Read more …

Economics Warnings of an imminent financial crisis are in the media more than ever before. But could such an event be the tipping point that puts Bitcoin and cryptocurrency firmly into the mainstream? Politician and tech entrepreneur Rick Falkvinge says it would be the perfect time to finally convert people to crypto.  Also read: Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist “Storm Clouds Building” A global financial crisis is imminent – and we’re not prepared, experts have warned. Read more …

Jed McCaleb According to Stellar, Ripple, Mt. Gox, and e-Donkey co-founder Jed McCaleb, Tron is “just garbage.” McCaleb, who forked away from Ripple to create Stellar due to personal differences with the mission of Ripple’s corporate board at the time, also feels that the crypto market is doing well. He pointed out to Yahoo! Finance that it’s “way way up” even if it’s had some turbulence over the course of 2018. McCaleb was asked over the phone what his takeaways Read more …

Years of over-engineering and ethical decay has made Bitcoin a garbage network, says a Fortune 500 software developer. Bryce Weiner, known for being part of controversial altcoin projects and their subsequent failures, took a potshot at the world’s leading digital currency protocol without elaborating on it. He later admitted that he was acting humorous while responding to a personal remark made on him earlier. Saying then that Bitcoin is indeed not a garbage network, but it still has a lot of Read more …

The Iranian government has taken further steps against Telegram’s cryptocurrency development, the Tehran Times reports Dec. 31. Secretary of the Criminal Content Definition Task Force Javad Javidnia has declared that any cooperation with the encrypted messaging app to launch its Gram token will be considered an act against national security and a disruption to the national economy. Javidnia stated: “One of the most important factors in banning Telegram was a sense of serious economic threat from its activities, which was Read more …

Op-Ed Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a complete mixture of accessibility, sensible transaction fees, and censorship resistance, as promised by proponents years ago. Also Read: Bounties and Responsible Disclosure Bolstered Crypto Infrastructure Read more …