In a perfect world, money would never fall out of your wallet. Your debit card PIN would never be stolen – at the gas station on an anniversary trip. Your bank account would never be hacked. And the gift card – that you received as a gift for your birthday – would never lose its value due to gift card fraud. This world is far from perfect. However, amongst this imperfection, Zeex (with an X), a sister company of the Read more …
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Venture Capitalist ‘Disciple’ of Buffett Condemns His Views On Bitcoin
Venture capitalist Chamath Palihapitiya has countered billionaire Warren Buffett’s recent derogatory statements on bitcoin, stating that the cryptocurrency is “important.” His comments come after billionaire chairman and CEO of Berkshire Hathaway, Warren Buffett, argued that bitcoin is more of a gamble than an investment at the end of April, and then, last weekend at a shareholders’ meeting, he said bitcoin is “probably rat poison squared.” While calling himself a Buffett “disciple,” Palihapitiya told CNBC that Buffett is wrong about bitcoin. “Not everybody is right Read more …
Ethereum Classic Price Technical Analysis – Can ETC/USD Climb above $22?
Key Highlights Ethereum classic price traded lower recently and tested the $20.00 support zone against the US dollar. There is a key bearish trend line forming with resistance at $22.00 on the hourly chart of the ETC/USD pair (Data feed via Kraken). The pair has to move above the $21.88 and $22.00 resistance levels to gain upside momentum. Ethereum classic price is recovering higher against the US Dollar and Bitcoin. ETC/USD is likely to trade above the $22.00 hurdle to Read more …
bitFlyer Cherry-picks Wall Street Experts to Dominate Crypto Market
BitFlyer founder is poaching Wall Street executives to fill the roles he sees necessary to build a crypto empire in the developing institutional market. BitFlyer Hires Talent Away from Banking Giants Yuzo Kano, a former Goldman Sachs trader himself, has been hiring talent away from Wall Street and other high finance addresses to create depth of experience in his own ranks as he looks to expand bitFlyer into the emerging institutional crypto market. Regulation reform throughout early 2018 has made Read more …
UK’s Biggest Energy Supplier Taps Blockchain for Cheaper, Greener Energy
Join our community of 10 000 traders on Hacked.com for just $39 per month. The UK’s biggest energy provider, Centrica, is trialing blockchain technology in a bid to offer cheaper, greener energy to its gas and electricity customers. It is using Distributed Ledger Technology (DLT) will be used as a means to enhance Centrica’s Local Energy Market (LEM), which is designed to offer peer-to-peer trading between its energy consumers. The company, which owns British Gas, has partnered with blockchain startup Read more …
Ethereum Founder Responds to Charges of “Insane”, “Plutocratic” Governance
News Vitalik Buterin, Ethereum’s cofounder, is increasingly finding himself target of very public rumors about his role in the project’s supposed love of secrecy. Charges of lacking transparency are equivalent to mortal sins in the cryptocurrency space. Ethereum too is particularly sensitive about accusations along these lines, especially in the ongoing light of a possible US Securities and Exchange Commission (SEC) crackdown. Mr. Buterin and his supporters are fighting back. Also read: Venezuela’s President Launches Crypto Funded Read more …
Mark Lea: Eternal Trusts has Brought Trusts to a New Level
Bitcoinist recently sat down with Eternal Trusts executive Mark Lea to discuss his involvement in the project as well as how it will benefit consumers both now and in the future. Eternal Trusts claims to be the world’s first blockchain platform for the pending acquisition of goods or services that aren’t yet available, including cloning or the restoration of the human neural network after cryonic preservation – whenever this becomes available both legally and ethically. To ensure this, Eternal Trusts (ET) creates Read more …
Investment Advisor Morgan Creek Tokenizes Tech Firm’s Paper Shares
Morgan Creek Blockchain Capital is tokenizing a private company’s equity, turning its existing shares into new security tokens. The blockchain wing of Morgan Creek Capital Management, an investment advisor, announced Wednesday that it is working with Anexio Technology Services to convert all of its physical shares into an ERC-20 token. The ERC-20 standard allows for the creation of tokens on the ethereum network. The company plans to raise $40 million by selling the tokens to accredited investors. Morgan Creek chief Read more …
Japan’s BitFlyer Raids Banking Talent in Bid For Global Crypto Exchange
Join our community of 10 000 traders on Hacked.com for just $39 per month. Yuzo Kano, chief executive of major Japanese exchange bitFlyer is trying to build a global cryptocurrency powerhouse, one former financier at a time. The Goldman Sachs Group alumnus who made bitFlyer Japan’s largest bitcoin exchange has doubled his staff in the past six months in a bid for global expansion. His team, which is expected to reach 300 this year, includes a fixed income chief at Read more …
Chinese Bitcoin Mining Giant Chooses Hong Kong Over US for IPO
China’s second-largest Bitcoin miner is looking to raise $1 billion from their IPO launch in Hong Kong instead of the US. Canaan Seeks a Billion Through IPO in Hong Kong The South China Morning Post has reported that Canaan, a giant in the Bitcoin mining industry, has made plans to launch a 1 billion dollar IPO in Hong Kong according to unnamed sources close to the deal. If the IPO is successful it would make Canaan the first company from the Read more …
Bitflyer on Hiring Spree – Discusses Multiple Expansion Plans
Exchanges Japanese exchange Bitflyer is on a hiring spree, trying to tap talent from Wall Street. The company says coders can make $100,000, and plenty of employees earn $200,000. Besides already operating in three regions, the exchange is expanding into additional countries and adding more services. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Number One Goal Japan’s largest cryptocurrency exchange by volume, Bitflyer, is on a hiring spree. The company is eyeing traders and bankers Read more …
The Rise of Computer Power Threatens Ethereum Miners
Bitmain, the Chinese chip maker, is manufacturing hardware and chips that deliver such hash power that those using them could end up controlling the Ethereum transaction confirmation process, obliterating small miners. As a result, Ethereum developers are fiercely working on countermeasures, such as Casper, to dramatically change the mining process. Ether Miners Are Facing Their Biggest Battle Ethereum developers are working full time on countermeasures against the advent of new and more powerful computer hardware that Bitmain and others manufacturers Read more …