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‘We Don’t Want to Compete with Coinbase’ – Says Binance CEO

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Changpeng “CZ” Zhao, shared some of his big ideas on the future of blockchain and cryptocurrency with Fortune magazine this week. And it’s probably worth listening to the man running the biggest crypto-exchange in the world.

The future is not now, but is decentralised

Binance acquired Trust Wallet this week, and here at Bitcoinist, we focussed on the benefits of adding a mobile wallet to its services. What was perhaps underplayed was that Trust Wallet also acts as a browser for decentralized apps (dApps).  Read more...

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Crypto Exchanges Want Industry Regulation

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Mistertango, a crypto-friendly payment company, has revealed that, contrary to perception, the majority of crypto exchanges want industry regulation. Respondents believe regulation is needed for the industry to mature with nearly a third fearing a major market crash and sudden devaluation of assets without change. Despite the desire for regulation, law makers must be careful not to regulate cryptocurrencies out of existence.

The study was based on responses from 24 crypto exchanges across Europe, Asia, South America and Oceania, with total daily trading volumes of over $ 100M USD. The study’s aim was to assess feelings towards regulation, anonymity and the maturation of the crypto market.  Read more...

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Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

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Want to Develop Bitcoin Cash Apps? Bitcoin.com Has You Covered

This week Bitcoin.com is thrilled to announce a new platform called Developer.bitcoin.com. The web portal is dedicated to Bitcoin Cash (BCH) software developers and provides them with a wide variety of tools that can supercharge their workflow. We want the Bitcoin Cash network to change the world for the better and Bitcoin.com’s suite of developer applications allows anyone to produce world-class platforms within this innovative ecosystem.

Also read: Crypto Phones, Spy Games, Binance CEO vs Vitalik  Read more...

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Federal Reserve Pres: People Want Dollar, Not Volatile Crypto

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Federal Reserve Pres: People Want Dollar, Not Volatile Crypto

St. Louis Federal Reserve President, James Bullard, was recently interviewed at this year’s Consensus conference in New York City. That a top US economic policy maker was in attendance is victory enough; however, he was asked his opinions on cryptocurrency going forward by CNBC Global Markets Reporter Seema Mody. He explained he found the phenomenon “interesting,” and how more cryptos being issued all time necessitates keeping an “eye” on them. Mr. Bullard also compared the use case for cryptocurrencies with that of the dollar, and whether the former posed a threat to the latter.    Read more...

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Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

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Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors and family offices.

Also read: This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification  Read more...

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Want to Learn More About Bitcoin Mining? There’s a New Summit for That

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Want to Learn More About Mining? There’s a New Summit for That

For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity.

On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit which was held in September 2017 in Vancouver, B.C.  Read more...

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Want Your Salary in Cryptocurrency? It Could Happen Sooner Than You Think

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A number of companies are trying to create ways to pay their employees with cryptocurrencies. And while the concept might be appealing to some, there are several obstacles that have – at present time – kept it from widespread adoption.

Back in December 2017 when GMO Internet Co. Ltd. announced its intentions to start paying up to 100,000 yen (roughly around $ 900) per month by Bitcoin to its employees, the public’s reaction was, as expected, definitively uncertain. People seemed to be torn between the fierce volatility of cryptocurrencies on one end and the obvious potential for explosive growth on the other.  Read more...

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The Wealthy Want Crypto but Don’t Understand It, Survey Shows

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The Wealthy Want Crypto but Don’t Understand It, Survey Shows

The world’s richest people are putting more and more money into cryptocurrency, despite the fact they don’t understand it very well, a new report reveals. Terms like “distributed ledger” and “blockchain” are not especially familiar to the wealthy, according to their advisers. The widespread misunderstanding about the technology behind bitcoin seems to have little or no effect on the attractiveness of crypto investments however.   

Also read: More Belarusians Search “Crypto”, Question “Legalization”  Read more...

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Switzerland Wants a Crypto-Nation, France and Germany Want Regulation

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Countries across the world remain divided over the cryptocurrency revolution that has emerged over the past year. Some, such as China, strive to eradicate all instances of it, but others, including Switzerland, are embracing the blockchain with open arms.

Ahead of a potential crypto G20 summit which could result in a wave of regulatory action, Switzerland has emerged in full support of the technology as voiced via Economics Minister Johann Schneider-Ammann.

Switzerland promoting crypto technology.

Crypto Nation

The affluent municipality of Zug has become the home for numerous blockchain companies, including the Ethereum Foundation, according to reports. A translation from an address given by the minister indicates willingness for expansion from this hub of blockchain tech to the rest of the country:  Read more...

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Want Faster Bitcoin Transactions and Lower Fees? Try These Workarounds

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Your Bitcoin transactions don’t have to be expensive and slow. With a little bit of know-how and pre-planning, you can keep transaction times and fees at a manageable level.

High transaction fees and long processing delays are top of the list when it comes to issues (and, in turn, discussion) surrounding Bitcoin right now and for good reason. The network is choking on the huge influx of volume seen over the last six months or so and – in its current format – it simply can’t handle the issues that scaling has brought to the table.  Read more...

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