Contrary to recent media reports, the Chief Scientist of Quebec has not downplayed concerns about the illicit use of cryptocurrencies, his office said. On Thursday, several media organizations published articles with headlines quoting Chief Scientist Remi Quirion as saying that…
Author: Leo Henry
Bitcoin Pyramid Scheme Allegedly Hoaxed $20 Billion In South Korea
Two suspects from South Korea have allegedly used a pyramid scheme that involves bitcoin to swindle some $20 million from investors in the country. The news was made public as a judge from Seoul’s Incheon District Court has issued a…
New Ethereum Tech Brings Security to Scalable State Channels
The Slavic god of lightning, Perun, is entering the ethereum ecosystem (in spirit at least). Inspired by bitcoin’s lightning network, a group of researchers hailing from Warsaw have unveiled a new white paper entitled “Foundations of State Channel Networks,” which outlines…
The New Last-Ditch Effort to Unfreeze a $260 Million Ethereum Fortune
“The least evil.” That’s how one ethereum user described the latest effort to recover $264 million in cryptocurrency lost due to a code fault in a popular ethereum wallet. But while the recovery efforts that have proliferated since the November incident…
Japanese Official: No Plans For Central Bank Cryptocurrency
Bank of Japan (BoJ), the country’s central banking authority, currently has no plans to issue a central bank digital currency (CBDC), citing financial stability concerns. In a closing remark at a conference with the International Monetary Fund and Japan’s Financial…
HODL On: In Defense of Bitcoin’s Best Investment Strategy
Steven Hopkins is chief operating officer and general counsel of Medici Ventures, an Overstock.com subsidiary focused on the advancement of blockchain technology. In 1987’s Black Monday stock market crash, Sam Walton, the world’s richest man, lost more than half a…
A Tangled Web: Will Coinbase Ventures Lead to Conflicts of Interest?
Coinbase always seemed destined to add litecoin. Even amidst an early sea of competing cryptocurrencies cloned from the bitcoin codebase, litecoin had secured a special place. Early adopters used it as a way to extend bitcoin gains and test out the…
Bitmain Gets Go-Ahead for US Bitcoin Mining Operation
China’s crypto mining giant, Bitmain, is one step closer to establishing mining facilities in Washington state. The Port of Walla Walla – Walla Walla county’s economic development agency – unanimously approved a land lease and purchase option that would allow…
Kindred Spirits: Why Hardcore Early Adopters Are Dead-Set on Kik’s ICO
“I’m long-term bullish and short term I have no idea.” That’s how Fred Wilson, a partner at Union Square Ventures and one of the most widely respected VCs working today, answered a question about the crypto market in general and…
Blockchains Alone Won’t Fix the Facebook Problem
Michael J. Casey is chairman of CoinDesk’s advisory board and a senior advisor of blockchain research at MIT’s Digital Currency Initiative. Even before the questions began, one early image from Mark Zuckerberg’s Congressional appearance confirmed that the hearing would focus…