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Wednesday, 31 July 2019

Australia’s Two Leading Blockchain Advocate Groups Announce Merger

Two groups seeking to promote blockchain tech in the Asia-Pacific have officially merged to open up greater opportunities in the region.

via CoinDesk

Investors Can Now Trade Ether and British Pounds on the Same Blockchain

LAB577, a team of ex-Royal Bank of Scotland engineers, has built a system for settling crypto and fiat trades on R3's Corda Network.

via CoinDesk

Judge Rules for Roger Ver in Craig Wright Libel Lawsuit

Though the suit was dismissed on jurisdictional grounds, Judge Sir Nicklin denied Wright's claims of "reputational harm" in the decision.

via CoinDesk

QuadrigaCX Judge Approves $1.6 Million in Expenses for EY, Law Firms

A Nova Scotia Supreme Court judge approved more than $1.6 million in fees for the companies appointed to recover funds on behalf of QuadrigaCX's former users.

via CoinDesk

Ripple Extends University Investment Program to Japan

Ripple Labs UBRI program adds two new universities amidst increasing pressure from market incumbents

via CoinDesk

Bitcoin Magazine Podcast - Lolli's Alex Adelman on Earning Bitcoin and Democratizing Commerce

In this episode, Lolli CEO and co-founder Alex Adelman joins the Bitcoin Magazine podcast to discuss Lolli's rapid growth, democratizing commerce, driving bitcoin adoption and the future of video games.

Lolli, the rewards application that lets users earn bitcoin when they shop online, has garnered more than 900 merchant partnerships since its inception with more joining every day. Its most recent partnership, announced today, is with‚, an online learning platform aimed at professional adults seeking tech skills. Users can earn up to 18 percent back in bitcoin on all courses, which range from bitcoin and blockchain to design and IT lessons.




The Bitcoin Magazine Podcast is also on:

Find more episodes of The Bitcoin Magazine Podcast here!

via The Let's Talk Bitcoin Network

Litecoin Is ‘Halving’ Soon: What’s Happening and What You Should Know

A rule embedded within litecoin’s (LTC) code is set to soon reduce rewards for the miners. Here's what traders and investors should know.

via CoinDesk

Kraken to Enable Worldwide Fiat Funding Options

A partnership with custodian Etana will enable Kraken clients to wire funds to their exchange accounts.

via CoinDesk

Chain Reaction - Kadena's Founder and CEO Will Martino: A Hybrid Blockchain Built For Scale

via The Let's Talk Bitcoin Network

Bitcoin is More Than a Financial System with Zac Prince & Jeremy Welch - WBD130

'œThat's our biggest pitch, to any investors. Bitcoin is not just a financial system. It's a computing system, it's a time system, it's all these other things.''" Jeremy Welch

Location: New York

Date: Thursday 11th July, 2019

Company: Casa & BlockFi

Role: Founder & Founder/CEO

The hype of the previous bull run led to an influx of companies using Bitcoin or 'blockchain' to inflate value and attract investment. Many of these were questionable projects, and some were outright scams. Even legitimate companies struggled with the difficulty of creating value with Bitcoin, as companies failed two thrived: Casa and BlockFi.

BlockFi is building financial products for Bitcoin holders which allow them to use their crypto as collateral for taking out a loan or lend out their Bitcoin to earn interest. Casa is improving security by simplifying multisig.

So why have BlockFi and Casa been able to grow and thrive during the bear market while so many others have failed?

In this interview, I speak with Casa Founder Jeremy Welch and BlockFi Founder Zac Prince, we discuss Bitcoin utility, non-financial and sometimes unexpected applications and why Bitcoin is more than a financial system.

This episode is also on:

via The Let's Talk Bitcoin Network

NBA and ‘CryptoKitties’ Creator Team Up to Launch In-Game Collectables

You can now buy in-season highlights from the NBA's biggest stars via the creators of CryptoKitties.

via CoinDesk

Beating Bakkt, LedgerX Is First to Launch ‘Physical’ Bitcoin Futures in US

LedgerX has launched the first physically-settled bitcoin futures contracts in the U.S., beating Bakkt to the punch.

via CoinDesk

Kraken Boosts Institutional Offerings With Acquisition of Dan Held’s Interchange

Cryptocurrency exchange Kraken has acquired Interchange, a startup offering a way for institutional investors to better manage their portfolios.

via CoinDesk

Blockchain Ticketing Platform From Top Russian Airline Took $1 Million in July

Russia's second largest airline is touting the benefits of blockchain after a ticketing platform it developed raked in over $1 million in a month.

via CoinDesk

Bitcoin on Track to Post First Monthly Price Loss Since January

Bitcoin looks set to end its five-month winning run with a 9 percent price drop in July.

via CoinDesk

UK Markets Watchdog: Cryptoassets Have 'No Intrinsic Value'

By Reuters via NYT Business Day

Sony Co-Leads €13 Million Raise for Crypto Banking Startup Bitwala

Bitwala raised almost $14.5 million in a Series A funding round led by Sony Financial Ventures and NKB Group.

via CoinDesk

UK Financial Watchdog Issues Full Guidance on Crypto Assets

The U.K.'s Financial Conduct Authority has finalized its guidance on crypto assets following a consultation which began in January.

via CoinDesk

Fold App Adds Bitcoin ‘Kickbacks’ for Purchases at Target, Starbucks

Mobile shoppers can earn bitcoin for purchases from Amazon, Starbucks, and Target, just to name a few. 

via CoinDesk

Blockchain Insurance Group B3i Launches First Product on R3’s Corda

B3i, a consortium startup working to use blockchain tech in the insurance industry, has launched its first product on R3's Corda platform.

via CoinDesk

Bitcoin Miner Maker Canaan Confidentially Files for IPO in US: Report

Canaan Creative, the major bitcoin miner manufacturer, has confidentially filed for an IPO in the U.S., say IFRAsia sources.

via CoinDesk

Tuesday, 30 July 2019

Crypto Exchange Rain Raises from BitMEX, Opens Trading In Middle East

BitMEX Ventures-backed crypto exchange Rain opens for business following a two-year sandbox program under Bahraini central bank

via CoinDesk

Importer of Bitmain’s Bitcoin Miners Draws Criminal Investigation in Russia

An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals.

via CoinDesk

WATCH: Metal Pay CEO Says He Isn’t a Bitcoin Maximalist

Cypherpunk and CEO of Metal Pay, Marshall Hayner, thinks regulation is coming one way or another and that the best thing to do is keep an open mind and get educated.

via CoinDesk

Overstock to Pay Its Shareholders a Dividend in tZERO Tokens

The digital dividend, Series A-1, will be paid in a ratio of 1:10 to the company's common stock.

via CoinDesk

Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction

The group ran its first transaction between three rural banks in an effort to improve its remittance offerings.

via CoinDesk

Firearm Firm Wins Patent for Integrating Blockchain into ‘Black Box’ for Guns

A new solution adds a blockchain-based recording system to firearms.

via CoinDesk

The Tatiana Show Ep. 207 Joel Bowman

Joel Bowman, a writer who has written from more than 85 countries, was our special Vaultoro guest this week. Tatiana and Josh have a long history with him, and have met with him across Europe and in Argentina. We discuss the impact of sound money, the future of economics, free markets, and more about Joel's work with previous Tatiana Show guest Doug Casey.

About the Guests:

Joel Bowman is an independent writer, speaker and incurable peripatetic with over 15

years publishing experience.

During his professional career, Joel has written from more than 85 countries, a dozen

of which he called temporary home. His columns have appeared in well known

libertarian outlets, such as,, and The Daily

Reckoning, which he managed for 5 years with Bill Bonner and Addison Wiggin.

Joel speaks regularly at conferences in North and South America as well as in Europe

and his birth country, Australia. Topics of interest include philosophical anarchism,

internationalization, cryptocurrency and the decentralization revolution.

Joel is also a novelist, currently penning his second work of literary fiction and host of

the upcoming podcast, The Joel Bowman Show.

If you like this content, please send a tip with BTC to: 1444meJi7YjgQGNg3U8Z6qYZFA5cgz4Gmj

More Info:

Friends and Sponsors of the Show

Proof of Lovecast

via The Let's Talk Bitcoin Network

Rune Christensen: Maker DAO -- the central bank of web 3.0

We're joined by Rune Christensen, CEO and Co-Founder of MakerDAO. We discuss the rise of Maker DAI as an algorithmically backed stable token and get into the weeds of the new version featuring multi collateral DAI as well as the ability to natively generate interest on DAI. We also cover the current governance model and how this can be attacked. The governance will undergo an overhall for the new version of Maker, introducing an Emergency Shutdown that can be triggered through MKR holders and promises to make the system more resilient. Lastly, we venture into what Rune hopes the future will bring for MakerDAO.

Topics discussed in this episode:

  • Recap of how single collateral DAI is kept at peg of 1 USD
  • Why was DAI intermittently trading at < 1USD
  • Governance functions exercised by MKR holders
  • Sale of MKR tokens and MKR distribution
  • Is the current governance model satisfactory?
  • New governance mechanisms to be rolled out soon
  • Introduction of multi collateral DAI
  • Interest generating DAI: Implementation and rationale
  • Future of Maker DAO: What will be able to serve as collateral?

Links mentioned in this episode:


  • Cosmos: Join the most interoperable ecosystem of connected blockchains
  • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks

Support the show, consider donating:

This episode is hosted by Sunny Aggarwal & Friederike Ernst. Show notes and listening options:

via The Let's Talk Bitcoin Network

Tezos (XTZ) is launching on Coinbase Pro

US Senator: ‘I Don’t Think You’ve Persuaded Anyone’ Crypto Creates Financial Inclusion

Sen. Brian Schatz (D.-HI) questioned the claim that blockchain spurs financial inclusion at Tuesday's Banking Committee hearing.

via CoinDesk

POV Crypto - Chatting Ethereum and Bitcoin, with Colin Harper

Colin Harper, journalist for BTC Media, and a "softcore" Bitcoin maximalist, comes to POV to discuss a wide variety of subjects.

Enjoy a laid back episode of general chatter and discussion of Ethereum, Bitcoin, and Libra topics!

via The Let's Talk Bitcoin Network

Coinbase-Backed Securitize Issues Token Representing a Financial Newsletter Business

The token produced in collaboration with Curzio Research is Securitize's tenth issuance.

via CoinDesk

Track your Coinbase Card purchases with Spending Summaries

Former Mt Gox CEO Karpeles Must Face US Class Action, Judge Rules

Mark Karpeles, former CEO of the early bitcoin exchange Mt. Gox, must face a class action lawsuit in Philadelphia over the firm's 2014 collapse.

via CoinDesk

Watch the Senate Banking Committee’s Crypto Regulation Hearing Live

The U.S. Senate Banking Committee is about to hold its hearing on regulation for cryptocurrencies and blockchain. Here's how you can watch it.

via CoinDesk

Coinbase Custody to List YouNow’s Props Token

Since the token launched in early July, more than 230,000 YouNow and XSplit users and content creators have been given 'Props.'

via CoinDesk

Samsung’s Galaxy S10 Adds Wallet App from Blockchain Phone Rival Pundi X

The blockchain smartphone makers are working together to boost crypto adoption, with Pundi X's wallet being added to the Galaxy S10's options.

via CoinDesk

Blockchain Launches Cryptocurrency Exchange With Trades at High Speed

By Reuters via NYT Business Day

Multicoin Leads $20 Million Round for Speed-Focused Solana Blockchain

Claiming it can handle many more transactions per second than existing blockchains, Solana has raised capital to ramp up development.

via CoinDesk

Bitcoin’s Largest Wallet Blockchain Just Launched Its First Crypto Exchange

Bitcoin wallet provider and blockchain explorer Blockchain just launched its first exchange platform, the PIT.

via CoinDesk

Golden Cross Provides Glimmer of Hope for Bitcoin Price Revival

Bitcoin's bulls have reason to be optimistic despite the recent 33 percent price drop, as a long-term technical indicator has turned bullish.

via CoinDesk

BitFlyer launches ‘Simple’ Bitcoin Buying and Selling Service for EU Market

The European arm of Japan-based cryptocurrency exchange bitFlyer has launched a bitcoin buying and selling service aimed to be easy to use.

via CoinDesk

Facebook Libra Might Not Ever Launch, Concedes Firm

Facebook has acknowledged what many have been saying – that regulatory issues may be an insurmountable barrier to its Libra project.

via CoinDesk

Crypto Exchange and Custodian Smart Valor Goes Live in Switzerland

With $3.25 million in new funding, Smart Valor says it's launching the first regulated bitcoin exchange in crypto-friendly Switzerland.

via CoinDesk

Monday, 29 July 2019

Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.

via CoinDesk

Crypto Trader XBTOI Snags Bermuda License`

Crypto finance solutions may be finding lower regulatory hurdles abroad as one of the most venerable exchanges takes to the islands.

via CoinDesk

Prime Trust Launches Instant Settlement Network for Crypto-Fiat Trades

Nevada-based Prime Trust has launched a real-time settlement service for crypto and fiat transfers among clients.

via CoinDesk

US Defense Department Is Developing a Blockchain Cybersecurity Shield

The DoD thinks blockchain can help authenticate its agents, secure interagency communication, and handle petabytes of data to predict attacks.

via CoinDesk

SEC Cyber Unit Chief That Pursued Actions Against ICOs, Kik to Resign

Robert A. Cohen pursued actions against a number ICOs and crypto exchange platforms as Cyber Unit chief. He will resign in August.

via CoinDesk

US Investment Firm Launches a Hedge Fund With Holdings in Coinbase, Bakkt

The NYCQ Fund is a tokenized venture fund with holdings in Coinbase, Bakkt, Nomics, and Tagomi.

via CoinDesk

Crypto Exchange Bitstamp Is Adding UK Pound to Funding Options

The world's longest running exchange will soon allow deposits and withdrawals made in GBP.

via CoinDesk

Circle CEO Allaire to Congress: Treat Crypto as a New Asset Class

Circle CEO Jeremy Allaire calls for Congress to treat digital assets as their own asset class in testimony for Tuesday's Senate Banking hearing.

via CoinDesk

Square Crypto Lead: ‘The Product We’re Focusing on Is Bitcoin’

In a Twitter AMA on Monday, Square Crypto made it clear that its focus is on building for bitcoin, not for Cash App.

via CoinDesk

OpenBazaar Developers Launch a Crypto Marketplace for Mobile

The developers behind decentralized marketplace OpenBazaar have released a mobile counterpart.

via CoinDesk

4 Minute Crypto - Safeway Grocery Store Shoppers Can Get Free Bitcoin

The Bitcoin rewards shopping app, Lolli, has partnered with Safeway grocery stores to give customers 3.5% percent back in Bitcoin on all their purchases.

Crypto supporters are also intrigued by the announcements and many are now speculating how affordable worldwide internet could benefit Bitcoin.


YouTube Channel


Gary is available to keynote or emcee your Bitcoin/Crypto event. Please email for additional info.

DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.

via The Let's Talk Bitcoin Network

Tether Stablecoin Launches on Blockstream’s Liquid Sidechain Network

A new version of the widely used but controversial stablecoin tether is launching on Blockstream's Liquid Network.

via CoinDesk

Judge Punts on Decision in NYAG Case Against Bitfinex and Tether

A New York judge has delayed making a decision on whether Bitfinex and Tether need to turn over documents to the state Attorney General.

via CoinDesk

Dark Web Drug Dealer to Hand Over Bitcoin Millions After Plea Deal

A dark web drug dealer must forfeit $4 million in funds including bitcoin after pleading guilty in New York.

via CoinDesk

Liz Weston: Don't Be Duped by These Phone and Email Scams

By The Associated Press via NYT Business Day

Crypto-Focused Finance App Aximetria Wins License From Swiss Regulator

Aximetria, a firm offering a personal finance app for fiat and cryptocurrencies, has been awarded a financial intermediary license in Switzerland.

via CoinDesk

Iran’s Government Gives the Official Nod to Crypto Mining

Cryptocurrency mining is now an official industrial activity in Iran after winning approval from the country's cabinet.

via CoinDesk

Bitcoin Faces Sub-$9K Price Move as Bear Trend Strengthens

Bitcoin is continuing to feel the brunt of the short-term bearish trend, with charts calling a move to $9,100 and possibly lower.

via CoinDesk

200-Year-Old Passport Printing Firm Launches Hardware Crypo Wallet

An Austrian printing company that has history going back to the early 1800s has launched a secure bitcoin storage device.

via CoinDesk

Meet Vitalik Buterin’s Mom. Her Mission Is Inclusion, Not Ethereum

Natalia Ameline's nonprofit, CryptoChicks, is spreading the blockchain gospel in emerging markets.

via CoinDesk

Sunday, 28 July 2019

From Belarus to Bahrain, the Small States Going Big on Cryptocurrency

By Reuters via NYT Business Day

Perverse Outcomes: FATF, Bitcoin and Financial Exclusion

How do we break a vicious cycle of KYC and financial exclusion? The answer may lie in blockchain technology’s own capacity to track transfers.

via CoinDesk

Hackers’ Latest Target: School Districts

By Nicholas Bogel-Burroughs via NYT U.S.

WATCH: The Facebook Libra Hearings: Everything You Missed in 5 Minutes

From Silicon Valley to Washington, DC, Facebook's Libra is causing concern everywhere it turns up. This CoinDesk video explores what happened in the halls of power when the first major corporation joined the crypto party.

via CoinDesk

Let's Talk Bitcoin! #405 It's All Bitcoin

On Today's Episode of Let's Talk Bitcoin!...

Adam B. Levine and LTB Global Voices segment host Alex Gladstein are talking Bitcoin in the Philippines with Luis Buenaventura.

Later, having now heard perspectives from bitcoin users in Iran, India, Shanghai, Nigeria, the Philippines and with Venezuela still to air Adam and Alex take a measured look back at the interview series so far.

This episode is sponsored by and

Today's show featured content by Alex Gladstein, Luis Buenaventura, and Adam B. Levine. This episode was edited by Steven Aram and featured music by Jared Rubens and General Fuzz. Have any questions or comments? Email Have a good week!

via The Let's Talk Bitcoin Network

Saturday, 27 July 2019

The Crypto Show: Guillermo Goncalvez Of El Dorado A Venezuelan Crypto Exchange, What Is Or Isn't Real In The Vz News.

Today I talk with Guillermo Goncalvez of the Venezuelan Startup El Dorado, a crypto currency exchange set to release Q4 of this year. El Dorado hopes to act as a peer to peer platform much like LocalBitcoins but will incorporate multiple other digital asset's.Guillermo also breaks down what is real and what is fake with the news out of Venezuela not only about the government but crypto as well.

via The Let's Talk Bitcoin Network

Crypto Exchanges Are Benefiting from Algorithmic Trading: Here’s How

Matthew Trudeau, chief strategy officer at crypto asset exchange ErisX, responds to a recent article on high-frequency trading by CoinDesk

via CoinDesk

Binance Charity Foundation’s Donation Records Aren’t Transparent Yet

Less than half of the donations made to the Binance Charity Foundation are accounted for on its website.

via CoinDesk

Friday, 26 July 2019

Bitcoin-Rewards App Lolli Expands to 900 Retail Locations

CEO Alex Adelman says the average Lolli user has earned $26 in bitcoin rebates.

via CoinDesk

Proof of Love Episode 24 Gaslighting

Head Games, Gaslighting and Future Faking.Have you ever dated a narcissist or somebody that pushed the relationship too fast.Stephanie, Lauren and I talk about these subjects, how to identify when you are being manipulated, and what to do to break away.If you have a question for the show, we would love to hear it and make sure you tell three friends about us!

Thanks for checking us out and a special thanks to our sponsors,!

Do you have a burning question, or a show idea for us? Please email us at!

Remember, this is a new show, so if you like it, please be sure to tell 3 friends! Leave a good review on Itunes, and be sure to follow us on our socials!

via The Let's Talk Bitcoin Network

Prosecutors File Formal Complaint Against Infamous BTC-e Crypto Exchange

Prosecutors have filed a complaint against the infamous crypto exchange BTC-e calling a haven for crime.

via CoinDesk

U.S. Tax Collectors Urge Owners of Virtual Currencies to Pay Back Taxes, File Amended Returns

By Reuters via NYT Technology

Huawei CEO Calls on China to Create a Rival to Facebook’s Libra Crypto

Huawei's CEO said: "Even China is able to issue such currencies, why wait for Libra?"

via CoinDesk

Nicholas Percoco on Defending the Crypto Honeypot - WBD129

'œWhen I joined Kraken, my earliest impression of the company is that, this is by far the most security-minded organisation that I have ever experienced.''" Nicholas Percoco

Interview Location: Chicago

Interview Date: Thursday 11th, July

Company: Kraken

Role: Chief Security Officer

Exchange hacks have been a constant thorn in the side of the industry. Where a physical bank robbery of $millions will make headline news, a +$100m exchange hack will barely break out of the crypto news media. Exchange hacks are now so commonplace that a recent report from Ledger's CEO Eric Larcheveque found that the equivalent of $2.7 million a day was stolen from exchanges last year.

Almost every major exchange has experienced a hack of some kind, from Mt. Gox to Poloniex to Bitfinex, and more recently Binance and Cryptopia, the list goes on and on.

As such, security is one of the biggest challenges faced by any exchange, and there are very few that haven't suffered from a breach, one that has managed to remain unscathed is Kraken. With attacks becoming more sophisticated and hackers working 24/7 to find vulnerabilities how is that Kraken has managed to succeed where so many others failed?

The man in charge of this roll at Kraken is Nicholas Percoco, their Chief Security Officer. In this interview, we discuss:

  • Ethical hacking

  • Finding critical vulnerabilities in iOS

  • Vulnerability brokers

  • Kraken's company-wide security culture

  • The difficulties in disclosing vulnerabilities

  • Kraken Security Labs

This episode is also on:

via The Let's Talk Bitcoin Network

IRS Says It Is Sending Warning Letters to US Cryptocurrency Owners

The IRS has begun contacting U.S. taxpayers, warning them about possible back taxes owed on their crypto holdings.

via CoinDesk

Want to Own a Warhol? Now, You Can Buy a Piece of One

By Paul Sullivan via NYT Your Money

Lightning Labs Designs Monitoring Tool for ‘Layer 2’ Bitcoin Network

The lightning network, seen as the future of bitcoin payments, is now a bit easier to monitor. This Wednesday, Lightning Labs released a new network analysis tool dubbed “Lndmon” that bitcoin lightning network users can use to pull up data about the state of their node and the rest of the network. The offering features […]

via CoinDesk

Croatian Post Trials Crypto Exchange Service Before Possible Wider Rollout

While post offices sometimes offer banking services, Croatian Post is looking at launching a nationwide cryptocurrency exchange service.

via CoinDesk

Bull Case for Bitcoin Weakest Since February, Price Indicator Says

The bullish mood in the bitcoin market is at its weakest in five months, according to key technical indicator.

via CoinDesk

Abra App to Restrict Services for US Users Over Regulatory Issues

Crypto investment app Abra is cutting back the crypto options for U.S. customers citing "regulatory uncertainty and restrictions" in the country.

via CoinDesk

Binance Will Now Sell You Bulk Crypto Orders Over the Counter

The top cryptocurrency exchange by trading volume has launched an OTC service it's calling "block trading."

via CoinDesk

Coincheck-Owner Monex Group Moves to Join Facebook Libra

Monex Group, the Japanese financial services company that owns the Coincheck crypto exchange, has applied to join Facebook's Libra project.

via CoinDesk

MIT Fellow Accuses Facebook of ‘Lifting’ His Ideas for Libra Cryptocurrency

MIT fellow Alex Lipton claims Facebook borrowed the guts of its Libra project from a paper he co-authored last year.

via CoinDesk

Thursday, 25 July 2019

Too Sick for Buffett Lunch, Justin Sun Attends Tron Influencer Party in SF

Justin Sun said he postponed the Buffett lunch due to kidney stone. But that didn't stop him from briefly mingling at a Tron party on Thursday night in SF.

via CoinDesk

Firm That Monitors Coinbase’s Stablecoin Audited Over $10 Billion in Client Assets

Grant Thornton audited more than $10 billion spread over 40 cryptocurrencies in more than 100 million addresses.

via CoinDesk

SEC Clears Blockchain Gaming Startup to Sell ‘Quarters’ Tokens

The SEC has issued a no-action letter to Pocketful of Quarters (PoQ), a gaming startup looking to issue tokens on ethereum.

via CoinDesk

DOJ Says Bitcoin Escrow Firm Bilked Investors for $7 Million

U.S. prosecutors have charged the head of a bitcoin escrow company with defrauding investors for $7 million. 

via CoinDesk

Bancor Raised $153 Million and Found Actual Users. Why Did Its Token Tank?

Bancor raised $153 million as one of the top initial coin offerings of 2017. With its BNT token trading near all-time lows, here's an update on the project.

via CoinDesk

POV Crypto - Ether: The Triple-Point Asset with Ryan Sean Adams

There are 3 asset superclasses, as defined by Robert Greer in his 1997 paper 'œWhat is an Asset Class, Anyway?'. Ether fills nicely into all 3 asset superclasses, and is the only asset to ever do this. Ryan Sean Adams comes to POV to walk through each category, and talk about how Ether's value proposition fits each one.

  • Capital Assets: A product, cash-flow asset

  • Consumable Transformable Asset: "Ether as digital Oil"

  • SoV Asset: Capital locked in DeFi

Please rate and share the podcast!

You can find us @POVCryptopod on Twitter.‚

David Hoffman on Twitter and Medium @TrustlessState

Christian Keroles on Twitter @ck_SNARKs

Ryan on Twitter @RyanSAdams on Twitter &

Send Bitcoin: 3P1kkSBdsc2vPWXin3h6bdVeTS4BzXdNG1

Send Ether: 0xa6daaa2c423e72f7a248e1642b0b0151a0ce3778

via The Let's Talk Bitcoin Network

Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report

Venezuelan President Nicolás Maduro and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.

via CoinDesk

What are Coinbase’s Engineering Principles?

Craig Wright’s Wife Could Testify Under Oath in Ongoing Kleiman Trial

Three witnesses including the self-defined Nakamoto's wife, biographer, and contractual overseer are called to testify.

via CoinDesk

SAFE Crossroads #54, From a UX Point of View, with Jim Collinson

The SAFE Network is a project of such large scope, doing things that have never been done, it can be hard to wrap one's head around the whole thing without a lot of work. But in the end it is for people to use. It needs to be easily adopted and made to work by everyone.

As core development progresses rapidly towards beta launch, tracking the evolution of the user experience (UX) development can help everyone understand the potentialities for this vast project from a practical, people-empowering perspective.

To help us with that we talk to Jim Collinson, a UX Designer at MaidSafe. He walks us through some of the approaches and priorities of UX design in general, and shares insights about the process of evolving UX in parallel to the core team putting final form to the networks basic functionality.


Safe Crossroads Beta, an original piece composed and performed by Nicholas Koteskey of Two Faced Heroes

Links -- The best place to start to get an understand of the SAFE Network as a whole

Designing the New Internet: SAFE Network UX Roadmap -- Article under discussion, part one

Designing the New Internet: How We'll Get There -- Article under discussion, part two

Safecoin: The best thing to do is just forget about it -- Previous article about Safecoin not being the primary focus of the SAFE Network project

SAFE Network Forum -- SAFE Network community forum -- Home site for this podcast

via The Let's Talk Bitcoin Network

‘However Long It Takes’: Zuckerberg Vows to Win Over Regulators on Libra

Facebook's CEO said it will spend "however long it takes" to get regulators on board before launching Libra.

via CoinDesk

FBI Suspects Insider Trading Around Long Island Iced Tea’s Blockchain Pivot

The FBI is seeking evidence of insider trading and securities fraud relating to the 2017 blockchain pivot of Long Island Iced Tea, a warrant indicates.

via CoinDesk

Crypto Loans Firms Left Thousands of Users’ Financial Data Exposed Online

Crypto loans platform YouHodler left a database with millions of logs containing users' private financial data unprotected, researchers found.

via CoinDesk

Bitcoin Price Retakes $10K But Remains Short of Bull Revival

Bitcoin is back above $10,000, but the technical charts indicate a bull revival is still $1,000 away.

via CoinDesk

Norwegian Air to Accept Bitcoin Through Exchange Set up By Founder

Business magnate Bjørn Kjos and his family have reportedly set up a crypto exchange and plan to offer bitcoin payments at Norwegian Air Shuttle.

via CoinDesk

US Investors Used Loophole to Buy Bitfinex Exchange’s LEO Tokens

Bitfinex says it won't sell its LEO tokens to U.S. investors. But two such entities bought the asset via third parties.

via CoinDesk

New Jersey Man Indicted Over Unlicensed Bitcoin Exchange

A resident of New Jersey has been charged for running an unlicensed bitcoin exchange service called Destination Bitcoin.

via CoinDesk

Andrew Yang Super PAC Will Accept Lightning-Powered Bitcoin Donations

Supporters of presidential candidate Andrew Yang can now send bitcoin donations to a new super PAC via the Lightning Network.

via CoinDesk

Wednesday, 24 July 2019

Justin Sun Apologizes to Regulators for Over-Marketing on Buffett Lunch

Justin Sun, founder of the Tron cryptocurrency, just issued a public apology in Chinese for his over-marketing conducts over the Buffett lunch.

via CoinDesk

TD Ameritrade CEO: We’re Taking ‘Crawl, Walk, Run’ Approach to Crypto

The firm's early investment in derivative platform ErisX may enable the firm to expand their crypto investment opportunities.

via CoinDesk

Ripple Sold $251 Million Worth of XRP in Q2, Increasing Total Nearly 50 Percent

XRP's global trading volume dropped 28 percent after CryptoCompare filtered out inflated statistics.

via CoinDesk

Strippers Are Doing It for Themselves

By Valeriya Safronova via NYT Style

Ameen Soleimani: Moloch DAO '" A Simple Yet Unforgiving DAO to Fund Ethereum Development

We're joined by Ameen Soleimani, Co-founder and CEO of SpankChan. From his humble beginnings at ConsenSys, he went on to create SpankChain in 2017 at the height of the ICO boom. The project aims to create a better and safer environment for sex workers by removing the intermediaries who take significant commissions on their revenues. SpankChain's initial product, an adult cam platform, allows users to pay performers in crypto with a native asset over sophisticated payment channels. More recently, Ameen headed a project called Moloch DAO, a decentralized autonomous organization with the goal to fund Ethereum 2.0 development. Moloch has but few simple functions: making proposals, voting on proposals, and exiting. This simple design, heavily inspired on 'œThe DAO' of 2016 has attracted funding from Vitalik Buterin, Joe Lubin and other prominent community members.

Topics discussed in this episode:

  • Ameen's background as an early ConsenSys employee working on payment channels
  • Why Ameen decided to found SpankChain and how the project has evolved since its inception
  • What is Moloch DAO and why he decided to launch it
  • The mechanism behind Moloch and how it compares to other DAOs
  • How one becomes a member of Moloch and participates in governance
  • The simplicity of Moloch DAO and its essential functions
  • How Moloch DAO scales and its intended lack of a smart contract upgrade mechanism
  • The attention and funding the project has already received
  • Proposals already made on Moloch, including YangDAO, and their utility to the ecosystem
  • Ameen's views on the broader Ethereum space, his outlook on Eth 2.0 and the future of the project

Links mentioned in this episode:


  • Azure: Deploy enterprise-ready consortium blockchain networks that scale in just a few clicks
  • Trail of Bits: Trust the team at the forefront of blockchain security research

Support the show, consider donating:

This episode is hosted by Sebastien Couture & Friederike Ernst. Show notes and listening options:

via The Let's Talk Bitcoin Network

$500K Round Led by FBG Capital Will Help Build ‘Dapp Store’

Prominent Asian investment firm FBG Capital is backing's attempt to build an easy-to-use "Dapp Store."

via CoinDesk

Chain Reaction - Gregory Rocco and Jacob Arluck: Tezos' Social Contract

via The Let's Talk Bitcoin Network

Who Cancels Lunch With Warren Buffett? A Chinese Tycoon Did, but Why?

By Alexandra Stevenson and Cao Li via NYT Business Day

US Treasury Secretary Mnuchin Thinks Outlook for Bitcoin is Bleak

Secretary Steven Mnuchin said, "I will personally not be loaded up on bitcoin in 10 years.”

via CoinDesk

Temporary change to GBP bank deposits and withdrawals for Coinbase UK customers

Over the next few weeks, customers based in the UK may experience some inconvenience while we transition our payments systems. Starting on July 31 at 12:01am BST, we will temporarily remove Faster Payments Scheme (FPS) support for domestic GBP deposits and withdrawals. This transition does not impact Coinbase Pro customers.

Coinbase is committed to enabling the most efficient, secure, and compliant fiat-to-crypto on-ramps and we will share updates about reinstating FPS in the weeks ahead.

We know that the suspension of GBP bank transfers is an inconvenience for our UK customers. In recognition of our customers’ loyalty through this period, we will reduce trading fees on Coinbase for impacted UK customers between August 1st and August 15th.

What this means in the short term

As we work to bring back full support for FPS to our UK customers, there are several options for depositing and withdrawing customer funds on Coinbase.

To deposit funds while FPS is paused, UK customers have a number of options:

  • Purchase crypto directly using a debit or credit card on — this is the fastest way to buy crypto;
  • Transfer money into your EUR wallet to buy crypto — this is known as a SEPA payment. Simply select ‘Deposit’ on your Coinbase EUR wallet to get started; or
  • For deposits above £10,000, transfer GBP from a UK bank to your Coinbase GBP wallet — simply select ‘SWIFT’ in the deposit menu.

UK customers also have a number of options to withdraw funds while FPS is paused:

  • Instantly withdraw GBP from a account to a PayPal account — this is the quickest way to get GBP from your Coinbase GBP wallet into a UK bank account;
  • Transfer money from your Coinbase EUR wallet to a bank account — this is known as a SEPA payment and takes up to 3 business days;
  • Spend crypto instantly using Coinbase Card — a Visa debit card funded by your Coinbase crypto balance which removes the need to withdraw GBP off Coinbase into your bank account;
  • Coinbase Card holders can also withdraw GBP from an ATM; or
  • For withdrawals above £10,000, transfer GBP from your Coinbase GBP wallet to a UK bank — simply select ‘SWIFT’ in the withdrawal menu.

For more information on these options, visit our customer support page.

The path forward

We take our role as the legal, secure, and easy-to-use on-ramp to the cryptoeconomy for millions of people around the world seriously. Coinbase takes a long-term view in every market we enter. We often forge new paths, break new ground, and find ways where others couldn’t to offer crypto to customers in a secure and compliant way.

Since launching in the UK and Europe in 2014, we’ve seen tremendous growth. More UK residents than ever before are investing in cryptocurrencies. In the coming months, we intend to expand access for our UK customers to a range of new crypto assets through our website and Coinbase app and our professional trading platform, Coinbase Pro.

We are committed to serving our customers in the UK and look forward to sharing more updates in the coming weeks.

Temporary change to GBP bank deposits and withdrawals for Coinbase UK customers was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

via The Coinbase Blog - Medium

Desktop Crypto Mining Malware Is Disappearing but Cloud Computing Exploits Are Growing

A new report suggests that cloud containers are the next target for mining malware.

via CoinDesk

REPORT: People in US Trust Bitcoin More Than Facebook’s Libra

Compared with bitcoin, people in the U.S. don't trust Facebook's anticipated new stablecoin Libra, according to a new survey.

via CoinDesk

PUBG Players Can Get Crypto Rewards for Winning Games This Summer

Refereum says a partnership with Fortnite competitor PlayerUnknown's Battlegrounds will reward players with the startup's RFR tokens.

via CoinDesk

Tech Retailer Newegg Expands Bitcoin Payments to Another 73 Nations

Online electronics and software retail giant Newegg has expanded its bitcoin payments option to a host of new countries in partnership with BitPay.

via CoinDesk

Facebook Libra Backers Are Not Official Partners Yet, Says Visa CEO

While Facebook's Libra project was said to have 28 founding partners when unveiled, that isn't quite the case, says Visa CEO Alfred F. Kelly.

via CoinDesk

Where in the World Is John McAfee?

We've seen the guns, booze and wild tweets. But now John McAfee is allegedly missing.

via CoinDesk

Bitcoin Faces Further Price Losses After Breaching Long-Term Support

Bitcoin is on the defensive for the fourth straight day and may be facing a further drop toward $9,050.

via CoinDesk

BitFlyer, Sumitomo Aim to Wrap up the Property Rentals Business With a Blockchain App

BitFlyer Blockchain and Japanese business giant Sumitomo Corporation will develop a blockchain app allowing users to sign rental contracts and more.

via CoinDesk

Facebook Libra Hasn’t Responded to Information Request: Swiss Watchdog

Facebook hasn't responded to a request by Switzerland’s data privacy regulator for more details on Libra, despite the project being based in Geneva.

via CoinDesk

Civic, BitGo Announce a Consumer Mobile Wallet

The wallet will maintain user's anonymity, but will also be recoverable.

via CoinDesk

Tuesday, 23 July 2019

New York Times Confirms It’s Using Blockchain to Combat Fake News

The New York Times is testing blockchain solutions to authenticate news photos in partnership with IBM Garage.

via CoinDesk

Senate Banking Committee to Hold Hearing on Crypto Regulation Next Week

The Senate Banking Committee has scheduled a hearing on cryptocurrency and blockchain regulatory frameworks for July 30.

via CoinDesk

New NYDFS Division to Oversee Licensing for Cryptocurrency Startups

The Research and Innovation Division will include an in-house team that supervises cryptocurrencies.

via CoinDesk

Bitcoin Magazine Podcast Ep 15 - Entiende Bitcoin feat. Max Webster

In this episode, Dave and Grahm get back to the news: Paying Taxes in Bitcoin, Trump Deriding Bitcoin, and Iran's 'œpotential' mining industry. After that, they sit down with Max Webster, co-founder of Entiende Bitcoin, to hear about Bitcoin adoption in Latin America.



Entiende Bitcoin:

Cypher Perro

The Bitcoin Magazine Podcast is also on:

Find more episodes of The Bitcoin Magazine Podcast here!

via The Let's Talk Bitcoin Network

New York Legislature Names Initial Members to Crypto Task Force

The 6 named members of the state's Digital Currency Taskforce will assist in determining how to regulate, define, and use cryptocurrencies.

via CoinDesk

‘South Side’ and ‘Sherman’s Showcase’: Two Flavors of Nostalgia

By Mike Hale via NYT Arts

South Korea’s Top Financial Overseer Quits Abruptly

During his tenure Chairman Choi Jong-ku took a hard line against ICOs but enacted some favorable policies towards blockchain businesses.

via CoinDesk

WATCH NOW: CoinDesk LIVE Presents Beyond ICOs: The Future of Tokens

In this session of CoinDesk LIVE we'll explore the future of tokens as we move past the ICO Wild West.

via CoinDesk

Bitfinex Investor Raising $21 Million for Binance-Style Exchange Cryptocurrency

OTC trader Dong Zhao's crypto lending startup has lined up $21 million in commitments for a BNB-like token sale.

via CoinDesk

Juthica Chou on The First Physically Settled Bitcoin Futures - WBD128

'œThere was no question that when we started LedgerX, we were all in on Bitcoin.'

'" Juthica Chou

Interview Location: New York

Interview Date: Thursday 11th, July

Company: LedgerX

Role: Co-founder and Chief Operating and Risk Manager

The growth in Bitcoin derivatives has led to an increase in interest from Wall Street and institutional investors. The market is clouded by regulatory uncertainty and all current Bitcoin futures are cash-settled, which brings additional problems.

The market took a significant step forward when LedgerX announced that they had received regulatory approval to launch the first regulated physically settled Bitcoin futures contracts. LedgerX also announced the launch of a new trading platform called Omni, which, for the first time, will give US retail investors access to regulated derivatives markets.

The physical settlement in Bitcoin is another signal of a maturing market. It means that when a contract expires, the buyer will now receive Bitcoin as opposed to fiat, meaning businesses and miners can now bypass the fiat system entirely.

Will this lead to reduced volatility in the Bitcoin price and bring in more institutional investors? I visited LedgerX in New York and spoke with the Co-founder and COO Juthica Chou. We also discussed:

  • Regulators approach to Bitcoin
  • The licenses required to operate a regulated exchange
  • Institutional investors
  • Working at Goldman Sachs during the 2008 financial crisis
  • Betting on the Bitcoin halvening
  • $20k, $25k and $50k contracts
  • Why Bitcoin is better than Gold
  • Wall Street's interest in Bitcoin
  • LedgerX's competition

This episode is also on:

via The Let's Talk Bitcoin Network

Genesis’ Lending Surges Again in Q2 – and Not Just in Crypto

Genesis Global Trading's lending business remains on a growth tear, especially its loans of dollars and stablecoins.

via CoinDesk

UK Finance Watchdog Mimicked in Crypto Scam Email

British regulator, the Financial Conduct Authority, is being impersonated in an email promoting a cryptocurrency scam.

via CoinDesk

Bitcoin Drops Below Long-Term Price Support at $10K

Bitcoin fell below key support above $10,000 earlier today and could be facing a deeper drop, according to price and volume analysis.

via CoinDesk

Utah County to Offer Blockchain Voting App in Municipal Elections

Utah County is to pilot the mobile voting app from Voatz in its municipal primary election in August.

via CoinDesk

Indian Panel Proposes Fines and Jail Time for Cryptocurrency Use

The panel also encouraged some distributed ledger projects including a government-owned cryptocurrency.

via CoinDesk

Tron’s Justin Sun Denies Media Accusation of Illegal Crypto Fundraise

A Chinese news source said Sun's cancellation of the lunch with Warren Buffett may not be for health reasons as was claimed earlier today.

via CoinDesk

German Regulators Approve $280 Million Ethereum Token Sale

German startup Fundament has obtained regulatory approval to sell $280 million-worth of a real estate-backed ethereum token to retail investors.

via CoinDesk

AT&T Fails to Win Dismissal in $24 Million Crypto SIM-Swap Lawsuit

Crypto investor Michael Terpin has won an early victory in his attempt to sue AT&T over a SIM-swapping hack that lost a claimed $24 million.

via CoinDesk

Monday, 22 July 2019

Warren Buffett's Charity Lunch With Cryptocurrency Entrepreneur Postponed

By Reuters via NYT Business Day

Congress Drew a Fine Line Between Libra and Crypto – That’s a First

Lawmakers at last week’s hearings took pains to distinguish Facebook’s Libra from the broader crypto space, showing a new maturity in their approach.

via CoinDesk

Tron’s Justin Sun Postpones Lunch With Warren Buffet

Tron founder Justin Sun's hotly-anticipated lunch with billionaire investor Warren Buffett has been postponed.

via CoinDesk

Bitfinex Claims ‘New York’ Customers Cited by NYAG Are Foreign Entities

Supposed New York residents and companies that used Bitfinex's trading platform were actually "foreign entities," according to a new filing by the exchange's attorneys.

via CoinDesk

Daimler Partners With Riddle & Code to Produce Automotive Hard Wallet

The wallet has implications for ride-sharing, autonomous vehicles, and on-the-go payments, according to the company.

via CoinDesk

Iran Legalizes Crypto Mining

Iran is officially recognizing bitcoin mining as an industry it will regulate and for which it will set electricity rates.

via CoinDesk

4 Minute Crypto - A New Bitcoin Board Game

A Twitter user known only as '˜Pedro' is developing a Bitcoin based board game to mimic Bitcoin's incentives system and consensus rules as much as possible.

The game is called '˜Hodler of Last Resort'.




YouTube Channel



Gary is available to keynote or emcee your Bitcoin/Crypto event. Please email for additional info.

DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice.

via The Let's Talk Bitcoin Network

Domain Name Registrar EnCirca Starts Pre-Registrations for Ethereum Addresses

Like a traditional DNS, the ethereum naming service will allow .eth names to propagate on the internet.

via CoinDesk

Robinhood Raises $323 Million From DST, Sequoia, and Ribbit Capital

The $323 million in funding from crypto notables, including Ribbit Capital and Sequoia, brings Robinhood's valuation to $6.7 billion.

via CoinDesk

Circle Moves Exchange Operations Offshore With New Bermuda Office

Circle is moving the majority of its Poloniex exchange operations offshore, citing a "lack of regulatory frameworks" in the U.S.

via CoinDesk

Bakkt Is Scheduled to Start Testing Its Bitcoin Futures Contracts Today

Bakkt is scheduled to begin testing its bitcoin futures contracts Monday, more than six months after its originally planned launch date.

via CoinDesk

Saifedean Ammous on Understanding Bitcoin Economics - WBD127

'œThat is what really drew me to Bitcoin, because it had this property that means that, no matter how many people want to use Bitcoin we're not going to make more than 21 million. Deal with it.''" Saifedean Ammous

Interview Location: Skype

Interview Date: Monday 15th, July


Role: Founder

When landing in the world of Bitcoin there are many concepts down the rabbit hole to get lost in, from technology to economics there is a wealth of information available. Within the world of economics, many will discover the theory of Austrian economics for the first time.

Those who believe in Austrian Economics believe in free markets, the gold standard and minimal government intervention. So where does Bitcoin fit into this? Could it be the perfect tool to facilitate a free market Could it even become an improved and new gold standard?

To find out more, I sat down with Saifedean Ammous, author of The Bitcoin Standard and an Associate Professor in Economics at the Lebanese American University. Having recently launched his online academy it was a great time for Saifedean to teach me more about Austrian Economics and catch up on our mutual love for Liverpool FC. We discuss:

  • Is Austrian Economics the only economic model that Bitcoin fits into?

  • Is taxation theft?

  • What makes a market a free market?

  • What is money and is Bitcoin money?

  • Will fractional reserve banking occur with Bitcoin?

  • Will central banks adopt Bitcoin?

  • Will improved monetary policy kill Bitcoin?

  • Will Liverpool win the Premier League in '˜20?

This episode is also on:

via The Let's Talk Bitcoin Network

Ugandan President Backs Bid to Tackle Fake Meds With Blockchain

Uganda's government is supporting a project using blockchain tech to fight the problem of counterfeit medicines.

via CoinDesk

POV Crypto: Decred '" Splitting the Difference Between Bitcoin and Ethereum with Luke Powell

Luke Powell, a developer on the Decred project, comes to POV Crypto to provide the Decred Perspective!

Decred is a unique project in the space, with an enthusiastic developer community, and a well-defined value proposition. David and Christian interview Luke, and find out what it's like to be in the Decred community, while testing Luke's beliefs and assumptions about the way Decred is designed.

Questions & Topics

  • Decred as a backstop for Bitcoin

  • The benefits of the Hybrid PoW/PoS model

  • How many DCR miners turn to DCR stakers?

  • Nimble vs. calcified governance

  • Any controversial issues that Decred has faced

  • The 10% block reward fund

  • Does Decred have interest in smart contracts?

  • Decred vs. Dash Governance

Please rate and share the podcast!

  • Follow the show on Twitter

  • David Hoffman on Twitter and Medium @TrustlessState

  • Christian Keroles on Twitter @ck_SNARKs

  • Matt Odell on Twitter @matt_odell

Send Bitcoin: 3P1kkSBdsc2vPWXin3h6bdVeTS4BzXdNG1

Send Ether: 0xa6daaa2c423e72f7a248e1642b0b0151a0ce3778

via The Let's Talk Bitcoin Network

A New Platform Called AFOX Will Tokenize Media Buying Contracts

The Advertising Futures and Options Exchange (AFOX) platform will allow for the tokenization of media contracts and the selling of advertisements in the futures and options markets.

via CoinDesk

UK Lawmakers May Probe Facebook Libra Over Privacy, Fraud Concerns

A parliamentary committee worries about Facebook holding financial details on its potentially billions of Libra users.

via CoinDesk

Crypto Exchange QuickBit Confirms Data Breach That May Impact 300,000 Users

The crypto exchange left a database open on the internet and leaked data for up to 300,000 users.

via CoinDesk

Bitcoin Price Ends Longest Losing Streak Since December

Bitcoin ended its longest losing streak in seven months over the weekend, but the outlook still remains bearish.

via CoinDesk

Crypto Bank FairX Shuts Down Citing Lack of Funds, Bleak Future

FairX, a crypto bank that planned to run on the Stellar network, ran out of steam.

via CoinDesk

FINRA Extends Deadline for Firms to Report Crypto Activity

The self-regulatory body for brokers and exchanges has quietly extended its deadline for member firms to report their crypto activity.

via CoinDesk

South Korea Estimates 2-Year Losses from Crypto Crimes at $2.3 Billion

Nearly 2.7 trillion won (US$2.3 billion) have been lost to cryptocurrency crimes in the last two years, not including exchange hacks.

via CoinDesk

Sunday, 21 July 2019

Libra’s Biggest Problem

Facebook's Libra is trying to simultaneously be pro-privacy and pro-KYC; this forms an inherent contradiction.

via CoinDesk

The Bitcoin Electricity Consumption Index with Michel Rauchs - WBD126

Interview Location: Skype

Interview Date: Monday 8th July, 2019

Company: University of Cambridge Judge Business School

Role: Cryptocurrency & Blockchain Lead

Whenever you hear about Bitcoin in the mainstream media, undoubtedly one of the things that comes up time and time again is the power consumption needed to secure the network and which is the latest country Bitcoin has overtaken on power usage. Is this something Bitcoiners should be worried about and can the criticism be written off as a way for Bitcoin naysayers to ignore it for a little longer?

Michel Rauchs recently released The Bitcoin Electricity Consumption Index to address this issue and try and put Bitcoin's power consumption into perspective. We discussed:

  • Whether Bitcoin needs to be inefficient to work?
  • If holding Bitcoin is using Bitcoin
  • What is Bitcoin's carbon footprint and is it a concern
  • How much of the power used to mine Bitcoin is renewable?
  • If Bitcoin were to reach $1,000,000 would mining use all the available power on earth?

This episode is also on:

via The Let's Talk Bitcoin Network