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The central bank of Lithuania has started discussions on regulations with crypto businesses and commercial banks. The reluctance to understand the world of cryptocurrencies leads nowhere, its fintech coordinator said during a meeting in Vilnius. Lithuanian projects have attracted 10% of ICO investments last year, the local community claims. Cryptocurrencies like bitcoin enjoy a growing popularity in the Baltic state. Also read: Latvia Recognizes Cryptocurrencies in Order to Tax Them Sitting at One Table Despite the risks, “the blind denial, the reluctance to understand and work with the cryptocurrency world,…

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Forking bitcoin used to be a rarity. Then it became the norm. And then it became a meme, with anyone and everyone forking bitcoin on a weekly basis. There have now been a total of 69 bitcoin forks plus another 18 altcoin forks. Holders of bitcoin, monero, ethereum, and litecoin can claim almost 80 additional coins for free. Whether it’s worth their time to do so, however, is another matter. Also read: Russian Court Bans Telegram, Founder Pavel Durov Defiant Fork All the Things It’s widely known that ever since bitcoin…

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Indian exchange Coinsecure has announced its plan to repay customers for stolen bitcoins as well as a 10 percent bounty to anyone who helps recover them. The exchange claims it was an inside job, and suspects its chief security officer of playing a role in siphoning off the money. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies A 10 Percent Bounty Coinsecure has announced a bounty of approximately 20 million rupees, worth approximately US$306,722 at press time, “to anyone who helps them recover the lost bitcoins,” the Economic Times…

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There’s been a lot of skepticism aimed at the company Halong Mining and its machine the Dragonmint T1. The firm announced in November of 2017 that it would be distributing its Dragonmint devices in 2018 and stated its miners would be the most efficient machines on the market. So far, after all the controversy, some Dragonmint miners have been delivered and reviews show the machines do produce close to 16 terrahash per second during operation — but the rigs are not even close to being 30 percent more efficient than the…

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All transactions involving government institutions in Venezuela must now accept Petro — the first ever state-issued cryptocurrency — as legal tender, according to an official proclamation in the country’s Official Gazette on April 9. From that date, every such institution has 120 days to comply. All Petro Everything Venezuelan President Nicolás Maduro has ordered all institutions under the government’s umbrella to accept Petro as legal tender. As reported by Bloomberg, the government of Venezuela has created a National Cryptocurrency Treasury which will be the sole regulator of all digital assets…

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There’s been a lot of skepticism aimed at the company Halong Mining and its machine the Dragonmint T1. The firm announced in November of 2017 that it would be distributing its Dragonmint devices in 2018 and stated its miners would be the most efficient machines on the market. So far, after all the controversy, some Dragonmint miners have been delivered and reviews show the machines do produce close to 16 terrahash per second during operation — but the rigs are not even close to being 30 percent more efficient than the…

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Banks in Chile have closed the accounts for three of the country’s cryptocurrency trading platforms, sparking fears of an outright blanket ban in South America’s wealthiest nation. Chilean Banks Put Cryptocurrency on Ice Cryptocurrency exchanges Buda, Orionx, and CryptoMarket have filed appeals to a Chilean appeals court following the unexpected closure of their bank accounts from Itau Corpbanca, Bank of Nova Scotia, and state-owned Banco del Estado de Chile. The appeals court has agreed to hear the exchanges’ cases. The move from the three Chilean banks reflects what appears to be…

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Pantera Capital Management, a crypto hedge fund with more than $800 million in assets, shares the positive view of some Wall Street analysts and crypto advocates in that the Bitcoin price has reached its “probable” low at $6,500. Breaking the 200-Day Moving Average Public Bitcoin price predictions and recommendations have never been a preference for Pantera Capital Management. The fund’s investments came to light in 2014, but it has only made three buy and one sell recommendations for the last seven years. If there’s one thing that this signals, it’s…

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The Satoshi Revolution: A Revolution of Rising Expectations. Section 2 : The Moral Imperative of Privacy Chapter 7: Decentralization Decentralization (Chapter 7, Part 1) A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system. –Satoshi Nakamoto (Note: This article consciously side-steps the question of how decentralized various cryptocurrencies, such…

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Following reports that popular US-based cryptocurrency exchanges Coinbase and Gemini turned down payments from Ripple to list the company’s XRP token, a top executive from the real-time gross settlement system, currency exchange, and remittance network has tried to set the record straight. The third largest cryptocurrency by market capitalization, Ripple (XRP), is not a security — at least, not in the minds of its parent company. In an interview with CNBC, Ripple’s chief market strategist, Cory Johnson, stated: We absolutely are not a security. We don’t meet the standards for what…

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