Orphan Blocks Are Healthy for Bitcoin
The chief scientist of blockchain research and development company nChain, Craig Wright, has written up an analysis of orphan blocks and determined that although miners complain about them, they increase the health of the Bitcoin mining network by incentivizing miners to invest in increased connectivity. A block is a collection of the most recent transactions […]
German Finance Regulator: Blockchain Could Be Revolutionary
Chief of the German Financial Supervisory Authority (BaFin), Felix Hufeld, has described blockchain technology as “revolutionary” while stating that he sees it as capable of turning the financial sector ”upside down”. Speaking during an event in Berlin last week, Hufeld, president of BaFin, outlined his position on both Bitcoin and blockchain. While holding a skeptical view […]
Cloud Mining Firm Argo London Stock Exchange’s First Crypto Listing
Earlier this week, cloud-based cryptocurrency mining firm Argo was announced as the first of its kind to be listed on the London Stock Exchange. This is a significant step in the acceptance of cryptocurrency by the mainstream financial sector. Leading the way With the blockchain industry in a period of massive expansion, Argo’s approval for […]
Crypto Marketing Gets Creative Amid Ad Bans and Tighter Regulatory Scrutiny
A new Wired report finds that US companies are experimenting with new marketing channels within the crypto space, especially after recent high-profile bans on crypto-related advertising on social media channels and with the Securities and Exchange Commission (SEC) starting to take a closer look at unregulated token sales late last year. This has also created […]
Paper Finds Tether Used to Manipulate Bitcoin Price in Historic $20K Rally
A new paper published on the Social Sciences Research Network by John M Griffin and Amin Shams from the department of finance at the University of Texas at Austin has concluded that Tether was used to artificially manipulate Bitcoin’s price during the historic rally to USD 20,000. The United States Commodities Futures Trading Commission already […]
Germany Says Bitcoin No Threat to Financial Stability
The German Federal Government has stated that cryptocurrencies do not pose a threat to financial stability, reports Cointelegraph. The government stated on 12 June that the volume of cryptocurrencies, when juxtaposed to the overall size of the German financial system, is comparatively low and, therefore, simply needs careful monitoring and regulatory measures put in place in […]
India on the Back Foot over Crypto Ban as Central Bank Admits Lack of Research
The Reserve Bank of India (RBI), India’s central bank, has admitted that it did not undertake a thorough enough research of cryptocurrencies before issuing its ban earlier this year, writes Bitcoin.com. This was the bank’s response to a Right to Information query filed by an Indian blockchain lawyer, which has since been distributed to news outlets. […]
Ripple’s University Blockchain Funding to Boost South Korean Interest
Ripples latest input of USD 50 million to its University Blockchain Research Initiative (UBRI) in South Korea demonstrates the company’s intent to promote more interest in cryptocurrency in South Korea in the future. The crypto space in South Korea is booming and has become world’s third-largest crypto market, but this is mainly company driven, as […]
Ethereum Co-Founder Joe Lubin: Blockchain and Crypto Can Transform Society
Ethereum co-founder Joseph Lubin believes blockchain will have the same kind of impact in the future as the internet had in the late nineties, writes Business Insider. The co-founder of ConsenSys was speaking at the MoneyConf in Dublin where the blockchain company has opened its new office. Lubin made it clear that he was looking […]
Moody’s, Fitch, S&P: Bitcoin Futures Considered Risky
The top three credit rating agencies, S&P, Moody’s and Fitch, said they consider Bitcoins future exchanges to be risky business, and that banks which clear Bitcoin futures contracts could have their credit rating downgraded if Bitcoin futures trading volume continues to grow. The credit rating agencies assign letter grades to banks, corporations, and governments to […]
