Category: Uncategorized

Reports suggest that Facebook may develop its own crypto. The plan is worth a mention, especially on the backdrop of the crypto ban imposed by the social media network. In Saturday’s Bitcoin in Brief, we also cover Telegram’s advance towards implementing its payment system using the Gram token. Some blockchain stories with beers and beamers complete today’s round-up. Also read: Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs Facebook Mulls Own Token, Reports Say Facebook is reportedly considering creating its own cryptocurrency. Sources familiar with the…

Read More

Robinhood continues to garner investment funds and user interest, thanks to its commission-free model, the addition of cryptocurrencies, and its ability to attract millennials away from traditional trading platforms. ‘Quite Remarkable’ The free trading app Robinhood is now valued at $5.6 billion, following the company’s announcement that it has successfully closed its Series D round of funding with $363 million. Some of the new investors forking over the bulk of those funds included Sequoia, Google’s Capital G venture capital fund, and Iconiq. However, DST Global invested the lion’s share during the Series…

Read More

While Bitcoin and the cryptocurrency market goes through what some might consider a healthy pullback, two figures in the world of traditional finance have taken yet another shot at Bitcoin and cryptocurrencies. ‘Designed to be Not Transparent’ Bank of America’s chief technical officer, Cathy Bessant, believes cryptocurrencies are preventing authorities from catching criminals and bad actors. She explained on CNBC‘s “Squawk Box” on Thursday: As a payment system, I think it’s troubling, because the foundation of the banking system is on the transparency between the sender and the receiver, and…

Read More

Wenn Digital, the outfit behind KODAKOne has announced that it intends to raise up to US$50 million in a combined public and private token offering. KODAKOne is licensed by Eastman Kodak Co (Kodak), the imaging products and photography company that announced its entry into the cryptocurrency space at the start of 2018.  Kodak Takes a Step Back to Get a Better Shot KODAKOne is a blockchain-based system designed to protect the copyright of images or photographs registered on the platform. Kodak has a minority stake in Wenn Digital. According to reports, the offering…

Read More

United States Securities and Exchange Commission (SEC) Commissioner, Hester Peirce, delivered a speech before the Medici Conference earlier this month discussing many issues pertinent to ICOs. Mrs. Peirce indicated that the SEC is open to discussion of developing a regulatory sandbox for ICOs, however, expressed a number of concerns surrounding the legislative model. The commissioner also warned of the potentially stifling effect of applying “blanket” classifications to the emerging field of cryptocurrencies. Also Read: Robinhood App Valued at $5.6 Billion – Now Available in 10 US States SEC Commissioner Welcomes Discussion…

Read More

Forget the Rocky Mountains. The US state of Colorado is hoping to make a name for itself as a blockchain hub in America. They’ve put through two bills supporting this, but only one has made it through the Senate gauntlet. Crypto regulations seem to be up in the air in most countries, but this hasn’t stopped certain US states from taking the initiative to actively be a part of the decentralized revolution. According to the Denver Post, Colorado seemed poised to be the next state to welcome both this technology…

Read More

Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted.   Also read: New Player Asrock Said to Enter the GPU Mining Market Crypto Miners Bought a Lot of GPUs, Nvidia CEO Reporting its financial results from a strong first quarter, Nvidia Corp. has revealed, in a separate box, the…

Read More

Max Keiser delivered a scathing rebuttal to Warren Buffett and Charlie Munger May 10 after the Berkshire Hathaway moguls compared Bitcoin to “rat poison” and “baby brains.” ‘Crony Capitalism’ In a fresh episode of RT’s Keiser Report, the outspoken Bitcoin bull accused Buffett and Munger of “crony capitalism.” “Bitcoin is a reaction to Warren Buffett and his crony capitalists,” he said. […] They don’t want to come down from their pedestal of crony capitalism and free money from central banks to address that, so they attack crypto. Berkshire’s elite gained…

Read More

In a recent case, the London police were able to seize $700,000 worth of Bitcoin from Grant West, a notorious hacker.   Cryptocurrency Seized A recent article from USA Today reports that the London Metropolitan Police managed to seize cryptocurrencies from a prolific hacker. According to the report, Grant West was arrested last year on a train by British police, who were working with Scotland Yard. The British police force was able to seize cryptocurrencies worth $700,000 from the 25-year-old hacker. On the subject of hackers, police investigator Mick Gallagher says:…

Read More

It’s a story straight out of cinematic lines: whale cryptocurrency investor rakes in mounds of money, and reaching a “satiety point” decides to give a healthy portion of it to worthy charities. And add to that the spectre of remaining anonymous, the ecosystem, beset by dreams of easy fortunes and Lambos and glory, was given a real-world object lesson in five short months. Health care, water potability, education, digital rights advocates, among many others, all felt the power and generosity of crypto. This week, Pineapple Fund announced its final donation.…

Read More