The Senate Banking Committee staff reached out last week regarding Facebook’s Libra project, pursuant to my recent Forbes.com article. During a conference call, they indicated interest in receiving formal written testimony from me. ******************************************* July 15, 2019 Sen. Mike Crapo, Chairman Sen....
Vitalik Buterin, Ethereum’s co-founder, was certainly thinking outside the box when he proposed a radical new Ethereum scalability solution this weekend: using another blockchain—Bitcoin Cash—to provide the so-called “data layer,” where verification takes place, for the Ethereum platform. Buterin’s suggestion...
With the invention of bitcoin came a new, secure method of value transfer, via its underlying technology blockchain. Since bitcoin’s inception ten years ago, a plethora of mainstream entities have investigated various ways to channel blockchain’s potential. Automation giant Siemens is evaluating the technology...
Indian police has freed three men held captive by a gang, the Hindustan Times writes. The kidnappers demanded 80 bitcoin in ransom. Two of the captives were cryptocurrency traders. They were held for more than two weeks in a high-rise building...
Facebook’s blockchain boss David Marcus is pushing back against critics of the company’s planned digital currency Libra, telling US lawmakers that Libra will be “the broadest, most extensive, and most careful pre-launch oversight by regulators and central banks in FinTech’s history”...
The bitcoin and cryptocurrency world has been left reeling after U.S. president Donald Trump unleashed a scathing attack on bitcoin and cryptocurrencies, branding them “unregulated crypto assets” and based on “thin air.” The bitcoin price rose slightly following Trump’s comments as bitcoin traders and...
HDR Global Trading, owner and operator of BitMEX, has awarded a $60,000 grant to Bitcoin Core contributor, Michael Ford (aka fanquake). This recognises “Ford’s contribution to the growth and maintenance of the Bitcoin ecosystem. In line with BitMEX’s previous donation to the MIT...
The U.S. is facing a pivotal moment as the White House pressures the Federal Reserve to cut interest rates to boost a lagging economy – a move that will inevitably increase inflation. Since 2008, $12 trillion has been injected into the U.S. economy through...
Japanese cryptocurrency exchange Bitpoint suspended all services after losing about 3.5 billion yen ($32 million) in a hack that involved Ripple and other cryptocurrencies. The exchange, which is owned by Remixpoint Inc., said about 2.5 billion yen of stolen funds belonged to...
President Donald Trump on Thursday night warned Facebook Inc. over its plan to create a digital currency, the Libra, a move that poses a new obstacle to the company’s cryptocurrency ambitions. “Facebook Libra’s ‘virtual currency’ will have little standing or...
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