Winklevoss Twins Open to Partner with Facebook Despite Old Disputes

Tyler and Cameron Winklevoss, the co-founders of crypto exchange Gemini, admitted in an interview with CNN that they were ready to partner with Facebook for the Libra project. Tyler and Cameron Winklevoss Believe in Libra On August 19, Winklevoss brothers told CNN’s Poppy Harlow that they would close their eyes to their rivalry with Facebook’s Mark Zuckerberg for Libra. Whether or not they reach a deal with the social media giant, the twins believe in Libra’s potential. They said that Facebook’s digital currency project was great for the market in…

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Ethereum ‘Almost Full’ Says Vitalik Buterin As Bitcoin Dev Slates Supporters

Ethereum naysayers were out in force as the week began after co-founder Vitalik Buterin warned that the network’s blockchain was “almost full.” Buterin: ETH ‘Already Expensive’ In an interview with Canadian mainstream news outlet The Star, Buterin, discussed the future of Ethereum, along with the problems cryptocurrency faces on the path to broader adoption.  Using his project as an example, Buterin said that capacity on the Ethereum network was nearing its maximum, and that continued new users would push up fees.  “Scalability is a big bottleneck because the Ethereum blockchain…

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Silvergate Bank Looking to Become Institutional Crypto Lender

One of the few go-to financial service providers that are Bitcoin and Crypto friendly, Silvergate Bank, is looking to expand its services to include crypto-currency lending, according to an updated IPO filing. Loans for institutional Investors Silvergate Bank provides financial services to some of the industry’s top companies such as Coinbase, Bitstamp, and Xapo. According to a recent IPO filing from the company, they’ve seen an increased demand for crypto-backed loans from companies operating in the Bitcoin space. As a response, the firm is looking to offer fiat loans to…

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Disappointing Second Instalment To Satoshi Nakamoto Reveal

You couldn’t make it up… except of course, that someone did. Following the interesting first part of the latest self-proclaimed Satoshi Nakamoto ‘reveal’, part two gave us an actual name. Unfortunately it gave us little in the way of compelling evidence to convince us that this was the name of the man who created Bitcoin. It all came across as more of a contrived excuse for why he couldn’t prove it. Satoshi Nakamoto Still at Large The first instalment of the ‘reveal’ may have rambled its way through decades of extraneous detail, but…

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RBI Defends Its Power Over Crypto in Indian Supreme Court

The Indian supreme court heard the case against the crypto banking restriction by the Reserve Bank of India (RBI) in detail Tuesday. After many arguments challenging the RBI’s power over crypto were presented, the counsel for the central bank began making the case against cryptocurrency. Also read: RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today’s Hearing The Supreme Court of India resumed hearing the crypto case extensively on Aug. 20, after hearing it in-depth twice over the past two weeks. Advocate Ashim Sood, counsel for the…

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Bitcoin Network Grows With $2 Billion BTC Moving Daily

There are several measurements of the health of the bitcoin network. Hash rate is probably the first that comes to mind but daily volume is another indicator of how successful the system has been. Govts and Banks Cannot Stop Bitcoin Bitcoin was spawned by a movement dedicated to the freedom of financial oppression by central banks and governments. Personal spending power is governed by bankers and politicians, and in a world where state fear is increasing along with terrorism, capital controls will become more commonplace. People are being restricted on…

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Bitcoin Exchange Must Give US Documents As Lawsuit Grinds On

Bitcoin exchange Bitfinex must provide documents to US authorities after a New York judge ruled against its request to dismiss a lawsuit against it. Judge U-Turns On Bitcoin Exchange Protection According to a filing dated August 19, the Supreme Court of the State of New York moved against Bitfinex and its sister company, stablecoin issuer Tether. A battle had ensued regarding the court’s jurisdiction over the case, which focuses on accusations by the New York Attorney General (NYAG) Bitfinex engaged in embezzlement of funds worth $850 million. “The Court disagrees…

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PR: Plan Flash – Decentralized Data Processing

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Data processing is indispensable everywhere and all the time in modern life. The daily services we use every day, such as face recognition, voice assistant, text recognition, automatic recommendation, automatic data analysis and so on, all have a large number of data processing requirements and service support. In fact, data processing services are…

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‘Bitcoin Broke Up With Roger’: Major Twitter Account Ditches Bitcoin Cash

A Bitcoin Twitter account with almost a million followers has dumped Bitcoin Cash in favor of Bitcoin itself – and everyone is trying to explain why. @Bitcoin Finally Promotes Bitcoin Again In a seemingly random turn of events, @Bitcoin, one of the Bitcoin industry’s biggest misnomers, suddenly began promoting Bitcoin 00, in line with its Twitter handle. In addition to retweeting another tweet critical of Bitcoin Cash 00 and its main proponent Roger Ver, the account changed its Bitcoin whitepaper link from Ver’s Bitcoin.com website to its actual source, Bitcoin.org.…

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‘Amazon of Japan’ Rakuten Launches Crypto Exchange Service

Rakuten, the “Amazon of Japan,” announced the launch of its new crypto exchange platform Monday, August 19, offering spot trading of crypto assets via a dedicated smartphone app. The e-commerce giant has been crypto-friendly for a while now, experimenting and investing in crypto payment systems since at least 2014, but with the launch of the wallet exchange service, Rakuten Bank users are now able to buy, sell, and exchange BTC, BCH, and ETH, as well as utilize fiat off-ramps to personal bank accounts. Other formidable forces in e-commerce are working…

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