Who has the authority to change a public blockchain? It’s a question that has been in the minds of top cryptocurrency developers as the many available networks struggle to serve their diverse, often conflicting stakeholders. But that’s not to say…
Author: Leo Henry
Bitcoin Price Breaks $9,000 as Cryptocurrency Market Continues Climb
Positive news in the press this week for bitcoin price in the markets which is appearing on many news sites. The price of bitcoin, the most dominant cryptocurrency in the global market, has recovered beyond the $9,000 for the first…
American Bar to IRS: Create Safe Harbor for Hard-Forked Cryptos
The Internal Revenue Service (IRS) needs to establish guidelines on how Americans can report gains from hard-forked cryptocurrencies, the American Bar Association Section of Taxation said Tuesday. Section Chair Karen Hawkins wrote a letter noting that “several important developments in…
Tough Tokens: Theranos Fraud Holds Harsh Lessons for Crypto
Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. “Innovators who seek to revolutionize and disrupt an industry must tell investors the truth about what…
Carney On Eve of G20: Cryptos Don’t Pose Risks to Financial Stability
An international group of central bank regulators and government ministers said Sunday that cryptocurrencies don’t pose a risk to global financial stability, comments that come on the eve of talks on the subject by the G-20. In a letter published…
The New Ways to Save Crypto from a Post-Quantum World
What if a key piece of cryptography underpinning bitcoin fell apart? That might sound like science fiction (or even FUD – fear, uncertainty and doubt) to many a cryptocurrency enthusiast, yet hardly a day goes by without some breakthrough in…
Peter Thiel: Bitcoin Will Be the ‘One Online Equivalent to Gold’
Peter Thiel has once again endorsed bitcoin, which he recently argued is tantamount to digital gold. And much like gold, the billionaire co-founder of PayPal conjectures that the cryptocurrency is destined to be a store of value rather than a means…
Royal Bank of Canada Explores Blockchain to Automate Credit Scores
The Royal Bank of Canada may be interested in putting credit scores on a blockchain. In a patent application released Thursday, the bank outlines a platform built on a blockchain that would automatically generate credit ratings using a borrower’s historical…
Bitcoin Drops Below $8K Amid Crypto Market Sell-Off
The price of bitcoin fell below $8,000 during early-hours trading on Thursday, according to CoinDesk’s Bitcoin Price Index (BPI). At press time, the price of bitcoin is trading at roughly $7,829.94, representing a decline of over $300 from the open…
Unicorn Visions: Bitcoin’s Startups Aren’t Startups Anymore
Marc Hochstein is the managing editor of CoinDesk. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. With all the regulatory actions and anti-climactic cable television appearances last week, you may have missed…