Category Archives: Crypto News

Bitcoin Magazine’s Week in Review: Expanding Exchanges and Investors

Cryptocurrencies and exchanges were the focus this week. Coinbase is getting into the decentralized exchange business with its acquisition of Paradex, potentially opening up thousands of ERC-20 tokens to traders, depending on what the SEC ends up doing with regulations. The parent company of the New York Stock Exchange, Intercontinental Exchange, continues work to implement a system to allow large investors to trade bitcoin directly. And Germany’s Deutsche Boerse is looking at getting into the cryptocurrency game. Finally, the city of Memphis had its first blockchain conference, […]

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Podcast Platform Castbox Launches Blockchain Project to Reward Creators

Award-winning global podcast platform Castbox has announced the release of ContentBox, a blockchain-based infrastructure for decentralized digital content. The project is backed by Bo Shen — the founder of Fenbushi Capital and an early adopter of Ethereum — who will serve as both a cornerstone investor and strategic advisor to the team. Shen said, “The nature of blockchain technology is to take a slice of the pie from vested interest groups, where you are bound to encounter resistance. To get your project off the ground, you must […]

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First Bitcoin Mining Conference Hashes Over the High Cost of Energy

Bitcoin mining uses as much electricity as Ireland, and by the end of 2018, the Bitcoin network will be using as much energy as Austria, according to a new report by Alex de Vries of the Experience Center of PwC in the Netherlands. Billed as the first serious, peer-reviewed study of energy use in crypto mining, the report has set off alarm bells, adding to current concerns about the impact of future mining energy consumption on environmental issues like climate change. At the first-ever conference for crypto […]

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Op Ed: The Benefits of Incentivizing Node Operators in Public Blockchains

The cryptocurrency industry has seen tremendous growth this year, with a 3,363 percent increase in market capitalization and a 216 percent increase in cryptocurrency and asset exchanges. While this is certainly promising, it foreshadows a unique scalability problem. At present, most crypto companies are almost entirely dependent on the charity of “nodes” to establish and enforce the rules of their platform — all with little or no incentive to do so. For years, this has been the industry standard, and, so long as the system isn’t overwhelmed, […]

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Distributed Dialogues About the Blockchain Industry with Tatiana Moroz

In partnership with the Distributed Event Series and the Let’s Talk Bitcoin Network, “Distributed Dialogues” gives listeners a cross section of the cryptocurrency and enterprise blockchain ecosystem by giving voice to the people, ideas and projects that make it possible. The following interviews were conducted by Tatiana Moroz, host of The Tatiana Moroz Show, during a recent Distributed: Markets event. Moroz interviewed a wide variety of the people who work in the cryptocurrency and blockchain technology space. Whether they are recruiting internationally for a cryptocurrency exchange, building peer-to-peer […]

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German Stock Exchange Eyes Bitcoin and Cryptocurrencies

Frankfurt Stock Exchange parent company, Deutsche Boerse AG, appears to have begun work on technology that will allow them to offer their clients bitcoin and cryptocurrency-related products. In December 2017, regulators in the U.S. greenlit bitcoin futures trading for the CME Group and CBOE Futures Exchange, but since then, no major European exchange has jumped in. Speaking at an industry event in London on May 23, 2018, Jeffrey Tessler, head of clients, products and core markets for Deutsche Boerse, said they are considering offering cryptocurrency products: “We […]

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Distributed Business Accelerator Launches to Cultivate Blockchain Startups

As part of New York Blockchain Week, Distributed Business Accelerator (DBA) publicly launched their global blockchain accelerator community designed to cultivate an ecosystem of blockchain startups. The CEO of the project is Tom Tao, formerly of IBM and Chainbase Accelerator. In opening remarks, Tao gave his outlook on the industry and extrapolated on where he saw DBA adding value to the blockchain ecosystem, noting that “for startups, obtaining resources and attention quickly is one of the critical factors to attain success.” Tao laid out the goals of […]

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U.S. Justice Department Probes Price Manipulation on Bitcoin Markets

The U.S. Justice Department is looking into whether the price of bitcoin and other virtual currencies are being manipulated, according to a report in Bloomberg that referenced four unnamed sources for the information. Still in its early phases, the criminal probe will bring in other agencies, like the Commodity Futures Trading Commission (CFTC), a regulator that oversees bitcoin derivatives, sources said. On spot markets, like GDAX, Poloniex and Bitfinex, where cryptocurrencies change hands immediately, the price of bitcoin can vacillate wildly in a matter of hours. Starting […]

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Coinbase Takes Another Step Toward Trading ICO Tokens by Acquiring Paradex

Cryptocurrency exchange Coinbase has taken another step toward trading ERC20 tokens by acquiring decentralized relayer Paradex. ERC20 is the Ethereum technical standard that the majority of initial coin offering (ICO) tokens are based on. Paradex announced the news on its website today, May 23, 2018, adding that its site will be down temporarily while it works to make the integrations with Coinbase.    Paradex bills itself as a decentralized exchange (DEX), meaning no third party is involved in holding the funds. Instead, users can use the platform […]

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Argentinian Bank Allows Cross-Border Payments with Bitcoin

Banco Masventas in Argentina announced via its Facebook page that it is introducing a new program that will allow customers to make cross-border payments using bitcoin. The institution has partnered with the Latin America–focused exchange startup Bitex — founded in 2014 — to potentially compete with SWIFT, a global, bank-owned messaging network. SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunication, is built to handle and process international bank payments. Unfortunately, the project has been suffering from security issues since it first entered the monetary […]

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