Venture capitalist Tim Draper is bullish on Bitcoin and believes it will reach $250,000 in the next four years.During a debate hosted by Intelligence Squared and the Adam Smith Society, Tim Draper was asked how Bitcoin compared with his previous tech investments in Hotmail, Skype, and Tesla. He replied bullishly, saying, “Bitcoin will be bigger than all three combined.” … [Read more...] about Tim Draper: More Secure in Bitcoin Than the Money Sitting in Wells Fargo
Archives for April 2018
For the last few years, cryptocurrency and blockchain technology has been used in conjunction with the content creation industry. Services like Steemit, Po.et, and Storj, are already changing the way we interact with the information we come across online. One of the reasons Steemit, in particular, gained popularity is because it gave content creators a way to monetize their … [Read more...] about U Network: Investing in Content
BlocSide Sports Ltd is looking to disrupt the world of football (soccer) and has recently launched the public sale of its MVP tokens. We take a closer look at the ICO and its roadmap. About BlocSide wants to develop an infrastructure to facilitate football-related transactions on the Blockchain. Their platform will provide an interactive marketplace designed exclusively for … [Read more...] about MVP: BlockSide Introduces the First Token for Professional Football
Once in a while, every crypto-enthusiast will run into somebody who is skeptical of the industry altogether. People like this usually have never invested before, or did once but lost their money. As somebody who cares about the field of cryptocurrency and has invested several times in the past, it can be mind-numbing and frustrating to hear the opinions of people who have only … [Read more...] about Dispelling Some of the Most Common Arguments Against Crypto
People who were invited from the commonwealth to live in the UK over 45 years ago are being asked to provide documentation of their citizenship. Many of these people don’t have or were never given such documents and now worry they could face deportation from the country they call home. In the last weeks of April, the UK media has been littered with stories about the Home … [Read more...] about UK: Windrush Scandal Highlights the Incompetence of Central Authorities
One of the things that makes blockchain so powerful is its immutable state, and this is normally considered to mean the data is permanent or unchangeable. Immutable is also defined as unyielding and inflexible, which is a slightly different interpretation perhaps preferred by some Parity wallet users. The Parity wallet has the option of providing “extra” protection by using … [Read more...] about Will EIP-999 Vote Unlock Parity Millions?
When was the last time you read or heard a news story of a software crypto wallet safely protecting millions of dollars? That’s right, never. It’s only when someone has their software wallet emptied that is becomes newsworthy. Each time a digital wallet hack makes the headlines, thousands of people tell themselves they are glad they never got involved in crypto.The Electrum … [Read more...] about Software Wallets for Cryptocurrencies Need a Radical Redesign Before Widespread Adoption
With the rapid rise of crypto, especially in 2017, there was an immense need for exchanges – and fast. During that exciting year, the total cryptocurrency market cap jumped from $17.7 billion to $612.9 billion. That’s quite a change.With such rapid growth, companies can often find themselves unable to meet that level of demand. Scalability can be an issue in every industry, … [Read more...] about Second-Generation Exchanges Are on Their Way
Amazon has announced the creation of a blockchain-based framework aimed at helping developers create products and services with ease. The AWS Blockchain Template allows you to 'deploy Ethereum and Hyperledger Fabric frameworks using managed and certified AWS CloudFormation templates'— it is essentially a means of streamlining the process of making and manipulating DApps … [Read more...] about Amazon Announces Its Own Blockchain Project
The irony of Coinbase closing WikiLeaks account wasn’t lost on crypto guru Andreas Antonopoulos. Antonopoulos tweeted “We have come full circle. Many people's interest in bitcoin started when Wikileaks was out under an extrajudicial embargo by VISA, MC, PayPal, and banks. Now Coinbase has repeated history. Oops.”Many Twitter users have said they will close their Coinbase … [Read more...] about Coinbase Crypto Exchange Closes WikiLeaks Shop Account
An American took to the litecoin subreddit on April 21, 2018, to say “Today I found out Two thousand three hundred ninety-nine Litecoins were stolen from my wallet on April 12, 2018." A few days earlier he had reached out to the developers of the Electrum LTC wallet on GitHub with his plight. In both the GitHub and Reddit posts danbel79 provided a detailed breakdown of how he … [Read more...] about How Did Litecoin Owner Lose $350,000 Worth of Coins?
Details about the much anticipated Casper version of Ethereum have been released, giving the public a general idea of what changes we should expect. The biggest feature of Casper is that it will eventually convert Ethereum from Proof of Work (PoW) to Proof of Stake (PoS).Before Casper fully arrives, the 'Hybrid Casper' version will be released, essentially preparing the … [Read more...] about Details About Ethereum’s Huge Update Have Been Released
Basic Attention Token (BAT) has formed a partnership with Dow Jones Media Group. The new partnership will act as a means of allowing Dow Jones to test out BAT's Brave Browser and software.A press release by Basic Attention Token reveals that the main reason for joining with Dow Jones is so that they can bring 'premium content to new audiences' and test 'blockchain … [Read more...] about Brave Partners With Dow Jones
On April 13, 2018, several high profile exchanges temporarily closed their doors to Nano due to an error regarding their recent v11 update, but it appears these problems have now been resolved. The Nano development team have officially released v12 of the software.Within a press release, the Nano team explained what happened and what decisions they chose to make. One of the … [Read more...] about Nano v12 Has Been Released, Solving Withdrawal and Deposit Issues
Russian entrepreneur Pavel Durov was CEO of social networking site VKontakte, which he founded with his brother Nikolai, until the Kremlin and Putin’s allies took over the network in 2014. Since then, he’s been a wandering nomad moving from country to country every few weeks, but he’s technically now a citizen of St Kitts and Nevis.The Durov brothers formed Telegram around … [Read more...] about Pavel Durov, Founder of Telegram, Refuses to Give Russia the Encryption Keys
It has not been the best start to the year for crypto enthusiasts. All the news in Q1 seemed to be dominated by FUD as financial authorities slated crypto, high profile hacks seemed to doom the industry to a future of harsh regulation, and investors felt the effects of the bear market, but this is only half the story. If you’ve been looking in the right places, there are plenty … [Read more...] about The Future Is Bright for Crypto
Top crypto investors reportedly met with SEC officials to argue that the technology should be exempt from the financial watchdog’s oversight.According to a report in the Wall Street Journal, Andreessen Horowitz and Union Square Ventures held a meeting with senior SEC officials on March 28. They met with the SEC to continue the ongoing debate over how cryptocurrencies … [Read more...] about Investors Want SEC to Exempt ICOs From Securities Regulations
Iceland is very popular with cryptocurrency miners because the hardware they use requires a cool environment and an abundance of low-cost electricity. When bitcoin was trading at close to $20,000 towards the end of 2017, crypto mining was a very lucrative business. Hardware to mine bitcoin costs upwards of $2,000 and can be in short supply when the price of bitcoin is at an … [Read more...] about Crypto Criminal Absconds with Prime Minister of Iceland
One of the business sectors that have thus far not really introduced blockchain technology is travel and tourism. Bitcoin was created, in part, to reduce the costs of transferring funds from A to B as banks typically charge a fee of 2% or 3%, and it was envisaged that this could be done much cheaper with blockchain technology. Until recently, bitcoin transactions were only … [Read more...] about Is Travel and Tourism the Next Industry to Be Disrupted on the Blockchain?
Kraken co-founder Jesse Powell has responded to the inquiry launched by the New York Attorney General Office by calling it “insulting” and insists that Kraken will not respond.New York’s Attorney General, Eric Schneiderman sent 13 letters to crypto exchanges on April 17, 2018, asking exchanges to provide details of their operations claiming it was an attempt to increase … [Read more...] about Kraken CEO Will Not Respond to the NYAG’s “Insulting” Demands