Business

Facebook’s Announcement of Libra Was ‘Ridiculously Stupid’

[ad_1] CEO of blockchain firm R3 has ridiculed the way Facebook introduced its yet-to-be-released Libra stablecoin.Skepticism surrounding Facebook’s forthcoming Libra stablecoin continues growing as David Rutter, the CEO of enterprise software firm R3, said that the announcement of Libra this summer was “ridiculously stupid,” Financial News reported on Nov. 18.“Really naïve”Rutter delivered comments during a recent company conference in London, admitting that Facebook’s plans to issue their own cryptocurrency made
BLOCKCHAIN

Cypherpunk Holdings Acquires 4.5% Stake in Firm Behind Privacy-Centric Wasabi Wallet

[ad_1] Tech investment company Cypherpunk Holdings has completed an equity investment worth $337,500 in zkSNACKs, the firm behind privacy-focused cryptocurrency wallet Wasabi.Cypherpunk announced the news in a Nov. 21 press release, specifying that it thus acquired a 4.5% stake in zkSnacks. With the acquisition, Cypherpunk’s chief investment officer Moe Adham became a member of zkSnacks' board of directors. Cypherpunk’s president and CEO, Dominic Frisby, said: "It's taken a lot of work
BLOCKCHAIN

Chainalysis Reportedly Cuts 39 Jobs Aiming to Boost Profit Margins

[ad_1] Blockchain analytics firm Chainalysis is reportedly letting go of 39 of its employees in order to become more profitable.On Nov. 21, Coindesk reported that Chainalysis is cutting its workforce by nearly 20%, eliminating positions across the board to the tune of 39 employees laid off. According to Maddie Kennedy, Chainalysis’ director of communications, the research and development team had to bear the brunt of it.Layoffs might come as a
EXCHANGES

Developer Launches BCH-Powered Paywall Service

[ad_1] On Thursday, software developer Alex Winter announced the launch of Satoshiwall.cash, a noncustodial bitcoin cash-powered paywall service. The new platform allows anyone to create a customized paywall that uses BCH for payments so people can monetize their work online. Also read: Crypto Swapping App Sideshift AI Drops Access Code Requirement Satoshiwall.cash If you are an avid news reader there’s a good chance you’ve run into a paywall that restricts
BLOCKCHAIN

Trading App for Kraken Futures Is Now Available on iOS and Android

[ad_1] San Francisco-based cryptocurrency exchange Kraken announced that it is introducing a mobile version of its Kraken Future trading app.New opportunities for futures tradingOn Nov. 21, Kraken announced on its blog that it is launching a mobile app version of Kraken Futures, which was created earlier this year after acquiring Cryptofacilities and was previously only available on a web browser. The app will be available on both the iOS and Android
Business

Bithumb Quashes Shanghai Office Closure Rumors After Binance Denial

[ad_1] South Korean cryptocurrency exchange Bithumb is denying recent reports that Chinese authorities have raided its Shanghai offices.On Nov. 21, a Bithumb spokesperson informed the Block that the recent rumors of a police raid and closure of the exchange’s Shanghai offices are false and that its one and only Shanghai team continues to operate “steadily without pause.”Yesterday, Chinese media reportedly wrote that the South Korean crypto exchange had told its
BLOCKCHAIN

Green Policy and Crypto Energy Consumption in the EU

[ad_1] Society is now witnessing the implementation of digital currencies, AI and blockchain technology worldwide. These new digital technologies require a high consumption of electricity, currently produced predominantly using coal and fossil fuels that adversely impact the environment. A global shift toward green energy will require the removal of the existing regulatory barriers on technology, infrastructure, finance and tax policy. In this series, my articles evaluate the tax, digital technology
BLOCKCHAIN

Few Big Exchanges Continue to Report Fake Volumes in 2019: Chainalysis

[ad_1] Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019, a new study by Chainalysis says. According to the New York-based blockchain analytics firm, there are still some crypto exchanges including Bitforex that likely report fake trading volumes to simulate greater market activity and liquidity. Chinalysis posted the study on its blog on Nov. 15.In the study, Chinalysis analyzed the top 10 cryptocurrency exchanges, known as
EXCHANGES

In 2019, Cryptocurrency Exchanges Diversified

[ad_1] With exchanges controlling so much of the industry inflows, and accounting for more than 40% of the jobs, any review of the year has to start and end there. An analysis of the dominant trends driving trading platforms serves as a proxy for measuring the cryptosphere’s overall health. From initial exchange offerings to staking as a service, 2019 was the year that crypto exchanges expanded and diversified. Also read:
ANALYSIS

Citizens Want BTC Over Peso Amid USD Crackdown

[ad_1] Argentina’s central bank had formally banned consumers from purchasing Bitcoin (BTC) and other cryptocurrency using credit cards on Nov. 1. What followed was the very opposite of what the Argentine government had anticipated — over the past two weeks, the country has traded the highest amount of Bitcoins on the peer-to-peer platform LocalBitcoins, according to data by CoinDance.Argentina’s fragile economyOne of the biggest factors in the high adoption of