Premier and Minister of Finance of Bermuda, David Burt, held a joint press conference with Binance CEO, Changpeng Zhao, April 27, 2018, to announce the signing of a partnership and MOU. The press conference was streamed live on Facebook, and a recording of the event can be viewed here.Burt thanked the media, Madame President, and MP’s for attending before reading out a … [Read more...] about Binance Exchange Signs MOU With Premier of Bermuda
Armando Perez (AKA Pitbull) is looking to use blockchain technology to disrupt the music industry and has launched a competition along with Emerge Americas and Zeppelin (an open source framework that allows users to build smart contracts in Solidity) to make it happen.Pitbull took to Twitter this week to announce a month-long competition “Smackathon,” which invites … [Read more...] about Smackathon: Pitbull Announces Blockchain Competition Aiming to Disrupt the Music Industry
Cryptocurrency payment cards are an exciting area in the industry as they allow people to spend their digital assets in the same way as they spend their fiat— they can be used in any shop that facilitates credit/debit card payments. These types of cards make the act of spending your cryptocurrency a pleasure. No longer do people have to fiddle with long public addresses and … [Read more...] about Crypto Payment Cards Are Vital to Widespread Adoption
A cryptocurrency investor from Lucerne in Switzerland is offering a reward of more than $40,000 for the safe return of crypto hardware wallets which hold the private keys to coins worth $800,000. Hardware wallets are considerably safer than using software wallets, but it doesn’t mean that your digital assets are 100% safe. As recommended, he kept the hardware wallets at a bank … [Read more...] about Reward of $40,000 Offered for Return of Two Crypto Hardware Wallets
The cryptocurrency exchange, Buda, has persuaded Chile's anti-monopoly courts to order the re-opening of the platform's accounts with two national banks. This comes after the Chilean banks closed their doors to all cryptocurrency exchanges within the country. Buda will now be able to seek financial services from both Banco Estado and Itau Corpbanca.Buda chose to sue the … [Read more...] about Chilean Courts Re-Open Bank Accounts for Exchanges
Crypto Disrupt published an article on April 26, 2018, relating to the Nasdaq CEO agreeing with the SEC that digital assets need to be regulated. The article also referenced a very detailed Steemit post where the crypto community is trying to self-regulate the ecosystem. The community feels that self-regulation will be better than draconian measures taken by the “old guard” to … [Read more...] about Self-Regulation in the Crypto Community
The crypto community has the overriding aim to see blockchain technology adopted by the masses for the good of all. That doesn’t mean its one big happy family, and there are numerous conflicts within the industry. Some of the conflicts are the competitive rivalry you would find in any business sector, but some disputes go much deeper than that. After years of heated debate on … [Read more...] about Vitalik Buterin to Boycott Consensus 2018 Event
At a session held on Thursday (26, April) by the U.S Chamber of Commerce Center for Capital Markets, Joseph Otting (a top banking regulator), said that cryptocurrency has the potential to go mainstream.According to a report from Forbes, Otting (who was sworn in as Comptroller of the Currency by President Trump in November 2017) likened cryptocurrencies to trading cat’s eye … [Read more...] about U.S: Top Regulator Says Crypto Could Break Into Mainstream but Most Authorities Remain Conservative
There have been many intriguing cryptocurrency project launches so far in 2018. We've decided to take a look at three of the most exciting crypto projects out there that could have a long-term impact on the crypto space. The three are varied in scope, ranging from the diamond industry to the merger and acquisition market. LEXIT Without a shadow of a doubt, the best crypto … [Read more...] about The Three Most Exciting Crypto Launches of 2018
In March 2018, Kevin O’Leary appeared on CNBC to promote an upcoming ICO that he said would be the first asset-based ICO of its kind. The asset was to be a well-known New York hotel, but an NDA prevented him from disclosing the name of the hotel. O’Leary was expecting to raise $400 million via the ICO, and at the time, Crypto Disrupt made an educated guess as to which hotel it … [Read more...] about What Happened to the New York Plaza Hotel ICO?
One of the biggest new stories to hit crypto in 2018 was the $2,000,000 hack of Ian Balina’s digital wallet. It wasn’t just the amount of money lost by this top crypto influencer that was spectacular but also the fact that it was carried out during a live YouTube stream. Balina is known to have regular live streams lasting up to three hours.Balina scheduled an ask me … [Read more...] about What Did We Learn From the Ian Balina Ask Me Anything Live Stream About the Hack?
Malta looks to continue setting the trend in the cryptocurrency space with new legislative developments. The Maltese government cabinet has recently approved three bills to regulate cryptocurrency in Malta, one of which is the Virtual Financial Assets Bill. The bill provides a regulatory framework for cryptocurrencies and initial coin offerings.The other two bills approved … [Read more...] about Malta Set to Fly Into Crypto Space With Strong Regulatory Framework
Following the first quarter of 2018, Binance is officially more profitable than Deutsche Bank, Germany's largest bank. Deutsche Bank profited a sum of $148 million, whereas Binance profited $200 million.The fact that Binance could amass such a large quantity of profits is a testament to the success and adoption of the cryptocurrency industry as a whole. It is also a … [Read more...] about Binance Is Now More Profitable Than Deutsche Bank. What Does This Mean for Crypto?
In Nasdaq's own words, the SMARTS technology 'automates the detection, investigation and analysis of potentially abusive or disorderly trading' allowing for administrative staff to shut down and report any malicious behavior. It is widely used on stock and Forex trading platforms and is trusted on an industry level. It can be used to discover market manipulations, some forms of … [Read more...] about Gemini to Fight Criminal Activity With Nasdaq Technology
Students in China calling for more transparency regarding an old sexual assault case have allegedly been forced to destroy information on the case. Posts on the matter have been censored on platforms such as WeChat and speedily deleted. As a result, the students have had to employ unconventional means of ensuring their concerns are not silenced by censors, … [Read more...] about Chinese Student Calling for Transparency in Sexual Assault Case Uses Ethereum Blockchain to Bypass Censors
Kanye West sent some members of the crypto space into a frenzy yesterday by tweeting a single word. Decentralize. We ask if celebrity endorsements are helpful to the space especially when it is unclear if the celebrity in question even understands the technology.The self-titled “greatest living rockstar” didn’t say any more on the subject and the tweet was one of many … [Read more...] about “Decentralize”: Kanye’s One Word Tweet Excites Crypto Fans but Do We Need Another Celebrity Endorsement?
Crypto Disrupt previously reported on a debate hosted by Intelligence Squared during which venture capitalist, Tim Draper, asserted that Bitcoin was going to be bigger than the Iron Age, the Renaissance, and the Internet.During the debate, Draper dismissed the notion that Bitcoin is a bubble, reminding the audience that people thought the internet was a bubble in its early … [Read more...] about Millenials Will Shape the Future of Cryptocurrency
The up-and-coming exchange RightBTC has announced that it will be running for the Tron Super Representative Election. The election, which takes place on June 26, 2018, will be a major step towards radically changing the way the Tron ecosystem will be governed.RightBTC is one of only a handful of other exchange-based candidates in the running, giving it a competitive … [Read more...] about RightBTC Runs for Tron Super Representative Election
Nasdaq CEO, Adena Friedman, told CNBC April 25, 2018, that investors are expecting a more regulated market for digital currencies to ensure they are treated fairly. Friedman believes digital currencies are here to stay, and in time, Nasdaq would be prepared to include them in their exchange.“I believe that digital currencies will continue to persist it's just a matter of … [Read more...] about Nasdaq CEO Prepared to Consider a Role in Regulating Digital Currencies
When people first choose to join the world of cryptocurrency, they usually start by signing up for the huge exchanges that stock most common coins. For the beginner, this is generally enough to satisfy them as it gives them numerous amounts of coins and tokens to buy and sell, but once you get more comfortable with the industry, you find that these exchanges are not enough. … [Read more...] about Smaller Exchanges Are a Necessary Element of the Crypto Community