The Bitcoin v Bitcoin Cash civil war is well known and documented. It occurred due to a split in the Bitcoin community about the block size issue. Dissenters formed their own cryptocurrency, heralded as being faster and cheaper, known as Bitcoin Cash (BCH). For a while, it was, though this is no longer the case with innovations in the Bitcoin blockchain such as Lightning … [Read more...] about Craig Wright Versus Roger Ver – Fragmentation in the Bitcoin Cash Community
Today, October 31st, marks the 10-year anniversary of Bitcoin, the world's first decentralized digital currency without ties to any state or body. Bitcoin marked the birth of a new era of digital finance, and since its release, the technology has proliferated to all industries from aviation to education to logistics in the form of distributed ledgers. Why was bitcoin created … [Read more...] about Celebrating the 10-Year Anniversary of Bitcoin, the First Decentralized Digital Currency
Mastercard has chosen to fully embrace blockchain technology by filing a patent for what seems to be a centralized cryptocurrency. The corporation, worth over $200 Billion, officially filed their patent in October, however, discussions were happening as early as June 2018. Details of the patent can be found here. The patent focuses on merging the power of cryptocurrency with … [Read more...] about Mastercard Files Patent for Centralized Cryptocurrency
It’s fair to say that many high net worth individuals (HNWI) and corporations have at least looked at the possibility of investing in cryptocurrency over the past year or two. There’s also a pretty good chance that those who have looked have realized just how complicated the process is, especially when trying to move crypto to fiat and vice versa.A fragmented financial … [Read more...] about Mending a Fractured Financial Ecosystem
The increasing prominence of Ripple in crypto-cautious America has given them a unique position of power and influence, in part due to risks of Chinese dominated mining pools for other cryptos.Such influence can be used to advance US regulation on cryptocurrency markets and provide clarity where there is none, a fact not gone unnoticed by Ripple as they lead a coalition … [Read more...] about Ripple’s Success in the US May Be Irrevocably Tied to Global Geopolitics
It happens gradually, over time. But the whole cryptocurrency industry is starting to look (and sound) exactly like the industries it was created to displace. What is even stranger is that cryptocurrency proponents are cheering on the takeover, without realizing that transacting cryptocurrency through trillion-dollar institutions, such as Fidelity, are misaligned with the goals … [Read more...] about Is the Cryptocurrency Industry Slowly Being Taken Over by Institutions?
“Bitcoin — A bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.” Yes, that’s the snarky definition of Bitcoin that AARP advanced to its readership in an October 8 article. Now, before you write the publication … [Read more...] about AARP Draws Generational Line in the Sand Over Crypto
For years, there have been systemic attacks and misinformation against the blockchain industry. Despite pressure from mainstream institutions and attempts to thwart the crypto economy at all costs, the sector is booming with a huge rise in DLT adoption, awareness, and job openings, even in a bear market. All of the world’s biggest companies are leveraging DLT in some fashion. … [Read more...] about Debunking the ‘Blockchain is Just Another Spreadsheet’ Myth
Nouriel Roubini has not ceased his criticisms of distributed ledger technology. In his latest tirade, he has referred to blockchain as “nothing more than a glorified spreadsheet” in a Project Syndicate article on October 15th. Many might balk at the sheer audacity of such a statement, ignoring the billions of dollars invested in the industry by governments and corporations, the … [Read more...] about Banker Nouriel Roubini Continues Attack on Blockchain “Glorified Spreadsheet”
Google’s Call Screening Service announcement made waves in the crypto world this week. Not because of the service. But, rather, because of the advertisement itself. Let’s set the scene. Google Assistant is screening calls. It’s the electric company calling… the fellow’s bill is quite high. He responds that the high bill is due to the energy used mining cryptocurrency. The … [Read more...] about Google and the Fight Over our Monetary Reality
The future of artificial intelligence (AI) is not all that far into the future. It has already crept into mainstream society to a large degree, with Siri and Alexa, virtual reality, wearable technology, robot-advisors, self-driving cars, and automated machinery. The rate of growth is expected to accelerate, as advances are made daily until we reach a tipping point. According … [Read more...] about Mind AI – Computing Advances Unnecessary for the Evolution of Artificial Intelligence
We have come a long way since the creation of the Bitcoin white paper in 2008. And it's fair to say that the core meaning of the paper, like all original teachings, has been lost. In this case, institutional investment, derivatives and bitcoin ETFs, high profile investors, corporate interest, profit-taking, and market manipulators have obscured the fundamental essence of … [Read more...] about Paxful and Ray Youssef – The Best Aspects of Cryptocurrency
In a record money laundering scandal, the Danske Bank CEO has resigned. An incredible 200 Billion Euros passed through an Estonian Danske Bank branch from 2007 to 2015. CEO Thomas Borgen left his position while saying that he did nothing wrong from a legal perspective. He did, however, admit that “Danske Bank had failed to live up to its responsibility.” Danske Bank is … [Read more...] about Danske CEO Resigns Amid Largest Money Laundering Scandal in European History
Two Washington strategists have indicated that North Korea is making increased use of cryptocurrency in a bid to evade US sanctions. According to Lourdes Miranda and Ross Delston writing in the Asia Times -“DPRK can create their own crypto-currencies or use established ones like Bitcoin. Having their own crypto-currency would also facilitate their ability to open online … [Read more...] about North Korea Using Crypto to Avoid US Sanctions – The End of American Hegemony?
One of the most eagerly anticipated applications of blockchain is that of the organic food industry. There have been numerous scandals involving certain types of food and a large question of product mislabelling. With increased numbers of people getting sick and suffering from allergies, the public is starting to wonder what really resides in the food they are eating, and are … [Read more...] about A Silver Lining for a Failing Food Industry – Walmart Blockchain to Trace Leafy Greens
Tether is a significant element of the cryptocurrency market. Numerous exchanges stock it and also give it the status of being a trading pair. Its market cap is so high that it has managed to make it as a top ten coin. It also receives large quantities of news coverage, even from mainstream outlets such as Bloomberg. While these sound like good things, so far they have only led … [Read more...] about Can Dai Bring Confidence to the Stablecoin Industry?
It goes without saying that the world of cryptocurrency is rife with scams and hacks but even by these standards, BitConnect is one of the biggest of them all, executing a classic Ponzi scheme and embezzling thousands of investors. What is most notable about the BitConnect scheme is that it was so clearly and obviously fraudulent, denounced at the outset by many within the … [Read more...] about The BitConnect Story and How Easy it is to Fool Investors
In an interview with DigitalBits at this summer’s Blockchain Futurist Conference in Toronto, Toni Lane Casserly, ‘artpreneur’ and founder of CoinTelegraph, provided some interesting insight about the impact of blockchain on civilization and transforming governments with blockchain.Toni, who presented at the highly successful Blockchain Futurist Conference, spoke about the … [Read more...] about Reshaping Societal Models and Transforming Governments with Blockchain
Over the past two hundred years, the Interstate Commerce Clause of the US Constitution has gotten considerably more complex. Indeed, over the past few decades, what qualifies as interstate commerce has swelled significantly, and the government has used it as the basis to expand regulatory power. The expansion hit its stride after New Deal-era Supreme Court decisions and, even … [Read more...] about Beyond Interstate Commerce: A Mainstream Libertarian Approach to Crypto Regulation
This article does not constitute official crypto investment advice but could provide a new perspective on which coins could potentially survive in the long-term, and which coins will be rendered obsolete. While crypto investment is a new field, there are basic investing biases that repeat themselves and there is some research to draw upon. The altcoin apocalypse Many have … [Read more...] about Crypto Investment, Cognitive Biases, and Why You Don’t Want to Become Rich Quickly