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Tag Archives: News

Facebook Taps Coinbase Board Member to Lead Blockchain Initiative

David Marcus will be leaving his leadership role at Messenger to oversee a new Facebook team focused on blockchain technology, according to Recode. The team, which will reportedly have less than a few dozen employees, will include James Everingham, vice president of engineering at Instagram, and Kevin Weil, Instagram’s vice …

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Binance CEO Says ICOs Are ‘Necessary,’ Most VCs ‘Have No Clue’

The CEO of Binance, the world’s largest cryptocurrency exchange, believes that initial coin offerings (ICOs) are set to supplant traditional venture capital as the primary method through which early-stage startups finance their growth. Writing in a blog post titled “ICOs — Not Just ‘Good-to-Have,’ But Necessary,” Zhao praised the virtues …

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Bitcoin Price Decline Driven by Q4 Futures Launch, Fed Researchers Claim

Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San …

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Zcash Foundation to Make ASIC Resistance ‘Immediate Technical Priority’

The Zcash Foundation has announced that it will make maintaining ASIC resistance an “immediate technical priority” in response to Chinese mining hardware manufacturer Bitmain’s claim that is has developed an application-specific integrated circuit (ASIC) miner that is compatible with the Equihash mining algorithm. In a statement penned by executive director …

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Opinion: Calm before the Storm? The Coming Crackdown on ICOs

In the last two weeks, there have been a couple of events worth noticing.  The first went by almost unnoticed and did not spark the interest and comments that it should have.  The second just happened on May 3rd and will probably start raising some attention in the next few …

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Kin to Fork Stellar, Launch a Proprietary Blockchain

“Kin needs to be scaled now.” That’s how Netanel Lev, vice president of research and development at the Kin Ecosystem Foundation, explained Kik Messenger’s decision to fork stellar and develop a proprietary blockchain for its cryptocurrency. The decision to fork stellar, announced on Tuesday, is the culmination of a months-long …

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Think Bitcoin’s a Bubble? Oscar Mayer’s ‘Bacoin Cryptocurrency’ Just Crashed 93%

Bitcoin bears frequently deride the flagship cryptocurrency as a speculative bubble, but just wait until they find out about the volatility of Bacoin, a bacon-backed “cryptocurrency” from Oscar Mayer. First things first: Bacoin is not a cryptocurrency. Rather, it’s a cleverly-branded promotion that uses an instant win game — excuse …

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