Nobel Prize winning economist Paul Krugman expressed skepticism about the future of cryptocurrencies. He said that he has two main problems with bitcoin and other digital currencies: “transaction costs and absence of tethering.” … [Read more...] about Nobel Prize winner Paul Krugman is skeptical about cryptocurrencies
Mike Novogratz’s Galaxy Digital invests $52.5 million in lending firm BlockFi
New York-based lending firm BlockFi has raised $52.5 million from Galaxy Digital Ventures LLC, a digital currency and blockchain technology investment firm founded by Mike Novogratz. … [Read more...] about Mike Novogratz’s Galaxy Digital invests $52.5 million in lending firm BlockFi
Google bans cryptocurrency mining apps from Play Store
Google is getting stricter with cryptocurrencies. After banning advertisements related to cryptocurrencies the company has now announced it will remove all bitcoin and other cryptocurrency mining apps from its Play Store. … [Read more...] about Google bans cryptocurrency mining apps from Play Store
SEC rejects Winklevoss bitcoin ETF proposal
The U.S. Securities and Exchange Commission (SEC) has rejected the second attempt by Cameron and Tyler Winklevoss to list the first-ever bitcoin exchange-traded fund (ETF) on a regulated exchange. The ETF’s value would have been tied to bitcoin price on the Winklevoss twins’ Gemini Exchange. … [Read more...] about SEC rejects Winklevoss bitcoin ETF proposal
Telegram to launch authentication service Telegram Passport
Telegram announced it would launch a new user authentication service, Telegram Passport. The service will allow uploading the documents via its messenger only once and share the data with other services that require identification. Before, the same paperwork had to be uploaded separately for each new service, writes Telegram. … [Read more...] about Telegram to launch authentication service Telegram Passport
Changpeng Zhao talks about Binance, Korea and the future at Blockchain Partners Summit
Binance CEO, Changpeng Zhao, or CZ as many call him, made a keynote speech at Blockchain Partners Summit in Seoul, emphasising the importance of the local market and how the cryptocurrency exchange will enrich its community. The event was also attended by He Yi, the company’s co-founder, and Ella Zhang, head of Binance Labs. … [Read more...] about Changpeng Zhao talks about Binance, Korea and the future at Blockchain Partners Summit
Crypto news in brief (July 25, 2018): TRON, BitTorrent, Bitcoin futures, CME, Mike Novogratz, Grayscale Investments
- TRON acquires peer-to-peer file sharing service BitTorrent - Bitcoin futures average daily volume at CME in the second quarter of 2018 grew 93% over the last quarter - Mike Novogratz predicts that mass adoption of cryptocurrencies is “five to six years away” - Grayscale Investments revealed that 56% of investment into its funds during the first half of 2018 came from … [Read more...] about Crypto news in brief (July 25, 2018): TRON, BitTorrent, Bitcoin futures, CME, Mike Novogratz, Grayscale Investments
TRON acquires BitTorrent
TRON, a decentralized entertainment and content-sharing platform that uses blockchain, has officially confirmed acquisition of peer-to-peer file sharing service BitTorrent, even though the deal was struck about a month ago. … [Read more...] about TRON acquires BitTorrent