Roubini Doubles Down on Crypto Criticism, Calls Blockchain ‘Overhyped’

The influential economist has made harsh public remarks about bitcoin before, but his latest piece broadens the attack to include the underlying tech.

Hot Stories

How the US ‘Keep Big Tech Out of Finance’ Draft Bill Targets Facebook’s Libra

Facebook’s digital currency plans have caused concern among bureaucrats worldwide and members of the U.S. government seem fearful of a giant tech establishing itself as a financial institution. Prior to the U.S. congressional hearings and the upcoming G7 finance meeting, a U.S. discussion draft bill, the Keep Big Tech Out of Finance Act, hopes to…

Kuwait Central Bank Taps Ripple for Blockchain Remittance Service

The National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product which uses RippleNet for cross-border payments from within the Middle Eastern nation. The initial launch of the product only supports payments to nearby Jordan, but they intend to launch in at least 15 more countries soon. According to…

UBIK Becomes Croatia’s Self-regulating Body for Blockchain and Cryptocurrency

Self-regulation in the blockchain and cryptocurrency industry is becoming the new norm. In Croatia, there is now a self-regulating body known as UBIK. This venture will also work toward regulating this nascent industry in the coming years. UBIK Aims to Legitimize Cryptocurrency Croatia is not a country most people associate with blockchain and cryptocurrency. To…

Ethereum Meeting Leaves Open Questions Ahead of October Upgrade

Consensus on several contentious topics have yet to be reached.

Atlas Protocol Partners with Contentos to Explore the Commercial Value of On-Chain Video Interactive Advertising

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned…

$12 Billion University of Michigan Endowment Might Deepen its Crypto Stake

Institutional investors are finally wading into crypto. Want proof? The University of Michigan’s $12 billion endowment said it could increase its investment in a crypto-network technology fund managed by American venture-capital firm Andreessen Horowitz. Financial terms weren’t disclosed, but the latest cash infusion into Andreessen’s CNK Fund would add to the $3 million the university invested…

Coinbase Offers $5k Egg-Freezing Benefit in Bid to Retain Talent

Silicon Valley cryptocurrency unicorn Coinbase has taken an unusual and expensive step to recruit and retain diverse employees.

Not So Safe Haven? Signs Suggest Bitcoin Might Still Be a Risk Asset

Bitcoin and the equities markets both took a tumble this week, leaving many to wonder if BTC is more safe haven or risk asset.

Crypto Exchange Coinsecure Says Theft Probe Is Holding Up Refunds

Cryptocurrency exchange Coinsecure said it was not yet legally able to refund its customers due to an ongoing investigation.

MUST READ

Regulation

Bitcoin Rebound Facing Resistance: More Downsides On The Cards?

After correcting towards the $10,400 support, bitcoin price recovered above $11,000 against the US Dollar. The price broke the $11,800 resistance, but it faced a strong resistance near the $12,400 level. There was a break below an ascending channel with support near $11,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).…

No One Should Control the Blockchain Supply Chain

Blockchain supply chains are coming to market, but they might not look the same as they were once envisioned.

Amazon Has Launched a New Service for Building Blockchains

Amazon will help clients build blockchain platforms on Hyperledger Fabric or ethereum with its new product.

Stacks Network Plans to Leverage BTC’s Proof of Work and Burn Bitcoins

Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by…

Bitcoin Rebounds Nicely, BTC Bulls Sighting Next Crucial Break

After a nasty upward move, bitcoin price corrected below $12,000 against the US Dollar. The price towards the $10,400 support and recently started a fresh increase above $11,500. There is a major contracting triangle forming with resistance near $12,300 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is likely…

Kenya is Using Blockchain and Cryptocurrency to Settle Real Estate Sales

In many countries around the world proving ownership of land through title is a complicated business that lends itself to corruption but in Kenya, a team has been assembled to use blockchain technology to put an end to land grabbing. Kenya Plans to Legitimize Land Ownership with Blockchain Sometimes referred to as the ‘Silicon Savannah’ Kenya is…

Mining

Proof of Insurance on the RiskBlock Blockchain

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or...

Iran in Talks With 8 Countries for Use of Cryptocurrency in Financial Transactions

Iran is exploring various options, including holding negotiations with other countries to introduce cryptocurrency in global trade, as the Islamic state moves to sidestep U.S. economic sanctions. Mohammad-Reza Modoudi, the acting head of Iran’s Trade Promotion Organization (TPO), said the country was negotiating the use of cryptocurrency in its financial transactions with eight countries. Also…

Torch Secured: Fidelity Investment’s Crypto Division Joins Bitcoin Lightning Trust Chain

It isn’t a secret that the Lightning Network, a second-layer solution aimed at easing the qualms Bitcoin faces with scalability, has seen monumental levels of adoption as of late. The ecosystem has seen its maximum capacity swell over the 700 BTC milestone, cementing its viability as a system that provides cost-efficient, rapid, secure, and more…

New York Bitcoin Mining Magnate Accused of Stealing Over 5000 Crypto Miners

By CCN.com: A New York Bitcoin miner hosting company called Northway Mining stands accused of stealing at least 5100 pieces of mining equipment from two companies. Given the scope of the investigation currently underway by the federal government, the damage might be much more significant than this. Northway Mining Sued For Violation of RICO Act…

3D-Token ICO Attains Soft Cap and Launches Network Hubs’ Affiliation Program

3D-Token Attains ICO Soft Cap Earlier Than Targeted Date and Is Now Launching the Development of its Robots’ Network Through The Affiliation Of New Hubs 3D-Token is running on the back of an already existing business (Politronica srl) and a highly-experienced award-winning team. Politronica is a spin-off company of the Italian University “Politecnico di Torino.”…
Please install the Cryptocurrency Price Ticker Widget

LATEST POSTS

China Threatens Overseas Tax Havens, Will Investors Flock to Crypto?

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors rely on the Swiss offshore banking industry, Hong Kong real estate market, and foreign stock markets to hoard…

IRS Reminds US Taxpayers to Report Crypto Earnings

The IRS sent U.S. taxpayers a reminder Friday to pay taxes on any gains made from trading cryptocurrencies over the last year – including payments.

Bitfinex Will List Its New Exchange Token Starting Monday

Bitfinex will list its LEO exchange token on Monday, trading against bitcoin, ether, EOS, tether and the U.S. dollar.

Installing a Subdermal Bitcoin Wallet Is Only for the Brave

In 2014, Dutch entrepreneur Martijn Wismeijer made headlines by having a pair of bitcoin wallets embedded under his skin. Since then, various cypherpunks and tech journalists have had microchips embedded into their hands. Anyone interested in getting ‘chipped,’ for the purposes of boasting a bio-implanted bitcoin wallet, should be cautious however, as the procedure is…

Six Japanese Public Companies Announce Plans to Launch Crypto Exchanges

This week, a number of companies listed on the Tokyo Stock Exchange revealed their plans to enter the crypto exchange business for the first time. They include one of the most popular budget-managing app operators, an entertainment conglomerate, one of the largest music labels, and a medical corporation. These corporations join other public companies that previously…

Crypto Institutional Investors Were Missing the Right Vehicle until Now

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Institutional investors form the backbone of the markets. Whether it is pension funds, mutual funds or hedge funds, they allow investors to participate in the market by trading…

ESR WALLET Announces Token Sale to Make Cryptocurrency Payments More Accessible

The post ESR WALLET Announces Token Sale to Make Cryptocurrency Payments More Accessible appeared first on CCN This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN…

Wendy McElroy: Free-Market Law Enforcement for Crypto

The Satoshi Revolution: A Revolution of Rising Expectations. Section 4: State Versus Society Chapter 9, Part 6 Government is a law factory. It passes laws in the same manner that another type of factory extrudes metal molding…But, whereas a factory which extrudes metal molding is providing a product which is useful to the citizens generally,…

Bitcoin (BTC) Price Watch: Dips Remain Attractive To Buyers

Bitcoin price extended gains above the $4,000 level and tested $4,040 against the US Dollar. The price started a downside correction after trading as high as $4,037. There was a break below a short term bullish trend line with support at $4,015 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…