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UK Department for Education Says ‘No’ to Cryptocurrency Curriculum in Schools

June 18, 2018 By Mark Lyford Leave a Comment

Though the availability of formal cryptocurrency and blockchain education around the globe is increasing rapidly, the UK Department for Education (DfE) appear to have no immediate plans to include cryptocurrency as a topic in the UK school curriculum. However, the country’s school children will see a “rigorous” new mathematics curriculum and financial literacy education.

In a recent interview, a Department for Education (DfE) spokesperson did not voice any objection to cryptocurrency but equally did not indicate any plans to add the topic to the financial literacy curriculum element within UK schools. Read more...

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Blockchain Technology Will Be ‘Obsolete,’ Says Prominent Geopolitical Forecaster

June 17, 2018 By Mark Lyford Leave a Comment

George Friedman, a well-respected Hungarian-born U.S. geopolitical forecaster and strategist on international affairs, believes blockchain technology will eventually become “obsolete” — and he may be right.

‘It’ll be Obsolete’

Geopolitical forecaster George Friedman thinks the blockchain’s days are numbered.

Friedman explained his view of Bitcoin’s underlying technology to CNBC late last week at the UBS CIO Global Forum in New York. The chairman of Geopolitical Futures explained:

I’ve never known any encryption technology not to be broken. I doubt between Russia, China, U.S. intelligence services [that blockchain can’t be decrypted.]

He continued: Read more...

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Ethereum Futures: CBOE Chief Says SEC Decision Clears the Way

June 15, 2018 By Mark Lyford Leave a Comment

Following SEC’s announcement which separated both Bitcoin (BTC) and Ether (ETH) from securities, CBOE’s President said that this could increase the chances of regulators signing off on Ethereum futures.

The Market Rebounds

On June 14^th, the SEC officially announced that it won’t consider Bitcoin bitcoin and Ether as securities, thus putting the long wait to its end. Naturally, the market responded immediately.

Despite being in a state of major correction, the overall cryptocurrency market saw gains of almost $ 20bln in just a few hours after the news broke out, marking an increase of almost 7 percent according to CoinMarketCap. Read more...

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Cryptocurrencies Are ‘A Much Cheaper Way of Doing Business,’ Says Former Overstock Chair

June 14, 2018 By Mark Lyford Leave a Comment

Jonathan Johnson, ex-chairman of Overstock’s board of directors, touched on the benefits of cryptocurrencies and noted the tremendous potential of blockchain-based technology. Despite the currently hemorrhaging market, he still sees a lot of advantages in utilizing cryptocurrencies over traditional credit card payments.

Better Than Credit Cards

Currently sitting on the Board of Directors of Overstock.com – a major online retailer accepting cryptocurrencies as a payment method — Jonathan Johnson shared his overtly positive sentiment towards virtual currencies and their underlying technology with Forbes. Read more...

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Blockchain Is ‘Revolutionary,’ Says German Finance Regulator Chief

June 13, 2018 By Mark Lyford Leave a Comment

The president of BaFin thinks blockchain-based applications are “revolutionary” and could turn the entire financial sector “upside down.”
CoinDesk

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Number of Japanese Bitcoin Spenders Slowly but Steadily Increasing Says Bic Camera

June 11, 2018 By Mark Lyford Leave a Comment

A year after the Japanese government recognized cryptocurrency as a legal form of money, bitcoin payments are steadily going mainstream. Bic Camera is one of the most profitable electronic, cosmetic and duty-free goods stores in Japan. It has now revealed that even though less than 1% of payments have been made in BTC since it started accepting bitcoin last year, the number of Japanese bitcoin spenders is slowly and steadily increasing, it observed.

Also read: Media Frenzy in Japan as Bic Camera Starts Accepting Bitcoin Read more...

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‘Litecoin is Preparing for a Breathtaking Moon Shot,’ Says Consultant

June 9, 2018 By Mark Lyford Leave a Comment

Litecoin is currently the sixth largest cryptocurrency by market capitalization, having fallen from grace in recent months. However, some cryptocurrency analysts claim Litecoin is due for a resurgence preceding mass adoption.

‘A Breathtaking Moon Shot’

Litecoin has taken a back seat lately, particularly following the failure of LitePay and the increased hype surrounding EOS’ mainnet launch — with some questioning whether or not LitePay is even worth it while Bitcoin continues to reign supreme.

TMT Blockchain Fund’s Gabriel Francisco, however, believes Litecoin will become one of the first cryptocurrencies to actually gain mainstream adoption for shoppers. He told Express.co.uk: Read more...

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ICOs ‘All Scams Until Proven Otherwise,’ Says BitTorrent Creator

June 2, 2018 By Mark Lyford Leave a Comment

BitTorrent creator Bram Cohen has become the latest high-profile cryptocurrency industry figure to urge explicit caution over all ICOs.

Cohen: No Need For ‘Benefit Of The Doubt’

In comments on social media, Cohen, who stopped short of criticizing the ICO crowdfunding model itself, implied industry journalists in particular should not involve trust when rating an investment opportunity.

“As a journalist you shouldn’t give any ICO the benefit of the doubt that they’re a ‘good project,’” he wrote on Twitter. “Appropriate bayesian priors are that they’re all scams until proven otherwise.” Read more...

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Hard Forks May Kill Bitcoin in 100 Years, Says Nobel Laureate

May 31, 2018 By Mark Lyford Leave a Comment

American Nobel Laureate, economist, academic, and best-selling author Robert Shiller claims Bitcoin may be extinct in 100 years — and hard forks will be to blame.

A Big Forking Problem

Nobody can accurately see 100 years into the future, but prominent economist Rober Shiller claims Bitcoin may go the way of the West African Black Rhinoceros — that is to say: extinct.

According to the Yale professor, hard forks will be to blame for the dissolution of the first and foremost cryptocurrency. Shiller told CNBC’s Trading Nation: Read more...

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Boom or Bust: There is no Middle Ground for Bitcoin, Says Crypto Asset Manager

May 27, 2018 By Mark Lyford Leave a Comment

On the subject of Bitcoin’s viability, there seem to only two conclusions. Either the number one crypto is either here to stay or it is just a fad. Thus, whether you support the “bubble” argument, the “currency of the future” notion or any other position, it all inevitably leads to the “boom or bust” conclusion or at least, so says Grayscale Investments managing director Michael Sonnenshein.

Two Mutually Exclusive Bitcoin Future Outcomes

According to Sonnenshein, there is no middle ground as far as Bitcoin is concerned. Speaking during a recent interview with Fortune, the cryptoanalyst said: Read more...

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