Cryptocurrency entrepreneur Daniel Larimer has delivered an unusual threat to the Bitcoin and Ethereum communities, claiming he could overpower their blockchains. Larimer Takes Issue With Decentralization The increasingly controversial Larimer, a founder of decentralized applications platform EOS and social media network Steemit among others, made the comments during a social media exchange March 27. Both the Bitcoin and Ethereum networks, he said, were vulnerable, claiming he could “take down” their decnetralized mining structures with relatively few resources. The comments appeared to target proponents of decentralization, who argue EOS’ centralized equivalent…
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Indian Supreme Court Postpones Crypto Case at Government’s Request
India’s supreme court has postponed hearing the crypto case at the request of the government’s counsel. The court was expecting to hear about the country’s cryptocurrency regulation today before proceeding to address the banking ban by the central bank. However, the case has now been postponed. Also read: Indian Supreme Court Set to Hear Crypto Case on March 29 Supreme Court Hearing Today The Supreme Court of India was scheduled to hear the crypto case today, after it gave the government four weeks to produce a report on the regulatory…
Read MoreWe Can’t Take Wells Fargo’s and Mastercard’s Blockchain Bearishness Seriously (And Neither Should You)
CEOs of major financial companies are jumping on the bearish-on-blockchain bandwagon, with both Wells Fargo’s and Mastercard’s CEOs telling CNBC’s Andrew Ross Sorkin that blockchain’s utility in the business world is still unproven and unclear at the Fintech Ideas Festival on Wednesday. According to the American multinational financial services companies’ CEOs, blockchain technology is still overhyped and its use-cases for the industry are still unproven — which is almost downright laughable, given the fact that anyone reading this can transfer value overseas with Bitcoin (BTC) faster than they can with…
Read MoreEnvion AG Liquidated, FINMA to Continue Fighting Illegal ICOs
FINMA, Switzerland’s Financial Market Supervisory Authority, has found Envion AG guilty of receiving commercial public deposits from a minimum of 37,000 investors in the context of an initial coin offering (ICO). Envion AG is currently being liquidated. FINMA’s enforcement proceedings against the company began in July 2018 and have concluded this month. Its investigation discovered that more than 90 million Swiss francs had been raised by the company in the form of an initial coin offering — a once-popular and now-notorious fundraising method that exploded during the cryptocurrency bull run…
Read MoreNew Bitcoinpython Node Is 100X Faster Than Previous Python Libraries
On March 27, Bitcoin Cash (BCH) fans were introduced to a new BCH full node written in the Python programming language. The project, known as Bitcoinpython, is a modern BCH library whose creator claims it to be the fastest available Python implementation with 100X the speed of its closest competitor. Also read: Menu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH Bitcoinpython: A Fast Bitcoin Cash Full Node Written in Python Over the last year, there’s been an assortment of alternative BCH full node clients released using a…
Read MoreThese Investors Are Betting Big on the Future of Blockchain Gaming
Supply chain, trade finance and digital identity have all been touted as potential “killer apps” for blockchain. Blockchain solutions in each of these areas continue to attract significant investment. However, there is one use case for blockchain which has the potential to trump all others – gaming. Gaming is already a double-digit growth sector, with a global market value of nearly $135 billion in 2018. Fortnite is currently one of the most popular games worldwide, with 200 million players. Gaming channels feature heavily among the top influencers on YouTube, with…
Read MoreCME Chairman Admits Bitcoin’s Finite Amount is a Problem
CME Group chairman Terry Duffy recently revealed the biggest reason why regulators have been dragging their feet on Bitcoin and cryptocurrencies: finite supply. *Only* 21 Million Bitcoin is a Problem Imagine the post office proclaiming in 90s that the problem with email is that the postman doesn’t deliver it to your door. That’s precisly the issue for regulators with Bitcoin, which doesn’t rely on trusting middlemen and regulators, according to CME chairman, Terry Duffy. Terry Duffy Specifically, Duffy tells Business Insider that the biggest issue regulators have with cryptocurrencies is…
Read MoreCannabis, Cryptocurrency and Compliance: One Man’s Quest to Support Unbanked Businesses
Ernesto Huerto is the very embodiment of Bitcoin. As the operator of Crypto Space, a physical bitcoin exchange in Los Angeles’ San Pedro neighborhood, Huerto knows more than most about the challenges of running a cryptocurrency business while maintaining banking access and compliance. In a wide-ranging interview, the Crypto Space owner has disclosed the realities of straddling the line that separates centralized and decentralized finance, and the underhand tactics big banks deploy to crush crypto startups. Also read: Japan Approves 2 New Crypto Exchanges – 140 More Interested ‘If JP…
Read MoreGalaxy Digital Shares Skyrocket After Novogratz Takes 80% Equity Stake
Analysts were congratulating cryptocurrency merchant bank Galaxy Digital CEO Mike Novogratz March 28 after share performance rocketed. Galaxy Among ‘Best Crypto-Related Performers’ Data from Bloomberg and other sources confirm something of a renaissance for Galaxy, which as recently as the end of last year had seen its fortunes decline dramatically. At press time, GLXY was trading at around $2.50, a 4.6 percent rise on the day and increasingly towards its annual high of $3.18. By contrast, November saw shares hit a low of just $0.89, part of the knock-on effect…
Read MoreMenu.cash Allows Diners to Create Table-Specific Orders and Pay With BCH
Menu.cash is a new Bitcoin Cash (BCH) application that allows food establishment owners to set up online menus that are tied to table-specific QR codes. The QR redirects to the venue’s menu and patrons can simply choose the items they want and settle the bill in minutes using BCH for payment. Also read: Examine the Token Universe Built on BCH With the New SLP Explorer A Menu System With BCH-Integrated Point-of-Sale This week Bitcoin Cash supporters were introduced to a new platform called Menu.cash, an application for venues that enables…
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