Author: Urban
Page: 10
Bitcoin Nothing More Than a ‘Lottery Ticket’: Harvard Economist
Former IMF Chief Economist and current Harvard University Professor of Economics and Public Policy Kenneth Rogoff believes that bitcoin and other cryptocurrencies currently amount to little more than “lottery tickets” at this moment in time. Writing in the Guardian on Monday, Rogoff stated that while some believe that cryptocurrencies have had their day and are on an […]
Tron Founder Justin Sun Wants to ‘Rescue’ DApp Developers from Ethereum & EOS
Tron founder Justin Sun has thrown a jab at Ethereum and EOS, announcing on Twitter that the company wishes to create a fund to “rescue” dApp developers working on both platforms on the condition that they move their dApps to the Tron network. Justin Sun ✔@justinsuntron #TRON will build a fund to rescue #ETH and #EOS developers from the collapse […]
Abu Dhabi National Oil Company Partners IBM to Pilot Blockchain Across its Value Chain
Abu Dhabi National Oil Company (ADNOC) has partnered with IBM to pilot blockchain-based transaction management for its commodities right from the oil wells through to its end customers. The automated, blockchain-based, system will encompass oil and gas production management for ADNOC’s entire value chain including tracking, validating, and executing, transactions. As with many blockchain pilots, […]
Regulatory Overreach is Crippling the U.S. Crypto Sector: Law Prof.
A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and priorities” has resulted in a “confusing mix of […]
Crypto Wallet Maker Ledger Partners with Neufund to Create Security Token Platform
European crypto startups Neufund and Ledger have announced that they will work together to bring ERC20 tokens issued through Neufund to Ledger’s cryptocurrency hardware wallets and applications. Neufund, based in Berlin, and Paris-headquartered hardware wallet-maker Ledger already had a partnership dating back to 2017 when Ledger created a bespoke edition of the Nano S wallet with extra […]
$1 Million Bet: Crypto Hedge Fund Wagers Crypto to Outperform Stock Market This Decade
Morgan Creek puts up a $1 million wager, inviting investors who believe the crypto market won’t outperform the S&P 500 to put their money where their mouth is, according to a CNBC report. Morgan Creek operates an index fund called the Digital Asset Index Fund, in partnership with Bitwise Asset Management. The index funds offer high […]
Market Recovers by $5 Billion but Why Are Ethereum and Bitcoin Cash Plunging?
Over the last 24 hours, the crypto market has added $5 billion to its valuation, demonstrating a slight recovery from $106 billion to $111 billion. Despite the recovery of the market, Ethereum (ETH) and Bitcoin Cash (BCH) continue to fall in value, both recording a three percent drop against the U.S. dollar. On December 9, the Ethereum price fell by around […]
Australia: Power Ledger’s Blockchain Energy Platform Goes Live in Fremantle
Australia’s coastal city of Fremantle has kicked off a trial that will allow some residents to trade solar power on a blockchain-based platform provided by renewable energy-focused crypto startup Power Ledger. According to the Minister for Finance, Energy and Aboriginal Affairs in the government of Western Australia, Ben Wyatt, around 40 households in Fremantle will participate […]
Gazprombank Forges New Partnership to Offer Crypto Assets Services
The Swiss wing of Russia’s Gazprombank will start offering crypto assets services by mid-2019, according to a press release published by its bank-tech partner Avaloq. The financial technology firm announced that it would build a fully integrated solution for the management of client portfolios across all asset classes, including cryptocurrencies. Gazprombank will integrate the said solution into […]
Bitcoin is a ‘Dead Man Walking’, Claims Creative Planning CIO
Bitcoin is a “dead man walking” whose price will eventually plunge to zero. That’s the dire prediction of Peter Mallouk, the president and chief investment officer of Creative Planning Inc., a Kansas investment firm that manages $32 billion in assets. The avowed bitcoin skeptic said BTC bulls are delusional saps who don’t realize that their […]
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