A new Ethereum token called “Wrapped Bitcoin” just launched Thursday. How Wrapped Bitcoin Works The purpose of the new cryptocurrency is to enable Bitcoin users to “participate in Ethereum smart contracts natively on the Ethereum blockchain.” Last October Bitcoin custody company BitGo announced a partnership with Kyber Network and Republic Protocol to launch Wrapped Bitcoin (WBTC), a token on the Ethereum blockchain that acts as a 1-to-1 token backed by Bitcoin reserves. In a blog post announcing the new token BitGo stated: “WBTC users will be able to utilize Bitcoin in a wide variety of new decentralized use cases, including
Nearly 17 months after the contentious fork that gave birth to Bitcoin Cash, it may be safe to say that the entire purpose of the fork may have been defeated, rendering Bitcoin Cash as little more than just another altcoin. An examination of the available 500+ days worth of data on the bitcoin cash blockchain
The post Did Bitcoin Cash Fail? 500 Days Since the Fork, it Looks Like it Did appeared first on CCN
This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the crypto winter had left the firm with no other viable choice
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Bitcoin SV (Satoshi Vision) unveiled its new logo on the 10th birthday of bitcoin. Perhaps not surprisingly, BSV’s “new” logo looks suspiciously similar to that of bitcoin — the original cryptocurrency. The pro-BSV bComm Association proudly trumpeted the announcement in a statement: “The BSV logo is revealed on the 10th anniversary of the Bitcoin genesis block,
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The confidence of consumers in the mid-term performance of the U.S. economy has declined, placing more pressure on retailers like Walmart and Target that have been struggling since the beginning of the fourth quarter of 2018. Along with major technology stocks in the likes of Apple and Amazon, retailers have been amongst the worst performing
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Renowned game maker Atari Inc. announced a license agreement with Animoca Brands Limited, a subsidiary of Animoca Brands Corporation Limited, giving it the rights to produce and publish blockchain versions of the famed Atari mobile game titles Roller Coaster Tycoon Touch and Goon Squad in most territories around the world – excluding Hong Kong, China,
The post Atari Partners With Startup to Make Blockchain Versions of Popular Titles like Roller Coaster Tycoon appeared first on CCN
Target and Tiffany are among the largest retailers in the U.S. stock market that are reportedly at risk of facing a 2008-level sell-off in the months to come. On average, 95 of the largest retailers in the global market listed on the S&P Index fell by around 17 percent in the past three months, with
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Leading retail brokerage firm TD Ameritrade (AMTD) is apparently “exploring” Ripple’s XRP, among other cryptocurrencies, according to a tweet from earlier this week. Glad you’re enjoying our content! We’re still exploring the #XRP space – stay tuned for more information. Our team is working hard to make things like this happen. — TD Ameritrade Network (@TDANetwork) December […]
Russian Economic Development Minister Maksim Oreshkin has stated that while bitcoin has deflated like a “soap bubble,” it has impacted the world positively by boosting investment in new technologies. Speaking to the media on Wednesday at Russia Calling, an investment forum organised by VTB Capital, Oreshkin said that despite the woes of the crypto market,
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It will take a long time for cryptocurrencies like Bitcoin to attain the status of a store-of-value asset, said KPMG in its latest crypto study. The Big Four firm’s “Institutionalization of Cryptoassets” report asserted that assets like bitcoin could neither be used as a medium of exchange nor a store of value, mainly because of
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When it comes to explaining this never-ending bear market, positive affirmations seem to be the rationale du jour. Here’s another “HODL on FFS” theory that forecasts the eventual crypto-boom by drawing comparisons between the Dot-com era and the nascent blockchain industry.
Crypto = Dot-com Era?
Benedict Evans, a partner at Andreessen Horowitz, recently tweeted that “crypto today” is nearly identical to the internet in 1993 and 1999. Evans went on to explain that in the 90s the internet had “huge potential with few of the use cases invented yet.”
Benedict Evans, a general partner at Andreessen Horowitz (A16Z), one of the most successful venture capital firms in the world, has said that crypto is quite similar to the internet in 1993. As with any other emerging technology or market, the cryptocurrency space has seen a large number of failed projects and scams over the
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BrewDog, a leading brewery company in the UK, recently launched its tenth London bar at Canary Wharf, a commercial estate on the Isle of Dogs. BrewDog Canary Wharf is no ordinary bar, as it features a very forward-thinking cashless payments system that notably accepts two major cryptocurrencies: Bitcoin (BTC) and Bitcoin Cash (BCH). The bar even […]
Blockchain unicorn Circle has made a series of strategic moves that all have one theme: to become a dominant force in the world of cryptocurrency. The startup is backed by some of the most influential companies in the sector, and the CEO believes that tokenization is truly the future. Boston-based Circle is not interested in
The post Cryptocurrency Tech Will Make Web Look like ‘Cute Experiment’: Circle CEO appeared first on CCN
The opinions of billionaire Bitcoin naysayers Warren Buffett and Charlie Munger will be obsolete in 20 years as both will be “a pile of dust” and Bitcoin will endure.
That was the conclusion drawn by research this week about the huge differences between the older and younger generation when it comes to the cryptocurrency.
Using data from Fundstrat Global Advisors and Bankrate, Captain Altcoin and Accept.io’s Admir Tulic notes that Buffett and Munger broadly characterize an aging baby boomer generation struggling to keep up with advances in technology.
Jesse Powell, CEO of cryptocurrency exchange Kraken, has lobbed another bomb at the state of New York in regard to the latter’s stance toward the crypto industry and Kraken in particular. Writing on Twitter, Powell compared New York’s crypto regulators to an abusive ex-partner who continues to stalk the company even though it left the
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Russia, one of the few countries alongside China and India to have restricted crypto trading, is seeing an increase in demand for over-the-counter (OTC) investment in Bitcoin and other cryptocurrency assets. According to local reports, the daily trading volume of major cryptocurrencies like Bitcoin and Ethereum in Moscow alone reach $ 50 million on peak days,
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The International Monetary Fund (IMF) has expressed misgivings about the plan to offer a national cryptocurrency by the Marshall Islands, saying that this would “increase macroeconomic and financial integrity risks, and elevate the risk of losing the last U.S. dollar correspondent banking relationship.” In February, CCN reported that the parliament of the Republic of Marshall
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Morgan Creek Capital Management, the investment house with $ 1.5 billion of assets under its wing, has refused to include Ripple in its new rules-based index fund.
‘A Lot Of Additional Risk’
As Forbes reports on the launch day of Digital Asset Index Fund August 28, Morgan Creek has opted to exclude any cryptocurrency with more than a 30 percent premine.
Currently including eight cryptocurrencies to which institutional investors and other parties can now gain exposure, the fund will nonetheless also exclude altcoins such as Stellar 00 and in future NEO 00 and EOS 00.
The Bitcoin price has increased to $ 6,550 over the past 24 hours, as the crypto market recorded a solid recovery. Tokens like ICON demonstrated 10 to 30 percent gains. Theta Token, Gas, CyberMiles, Nano, Lisk, PIVX, and ICON are the best performers of August 24, with Theta Token recording a massive 44 percent increase in … Continued
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