Ethereum creator, Vitalik Buterin, and Gemini exchange founders, Cameron and Tyler Winklevoss, expressed their opinions on recent efforts at social media censorship. “I’ve talked before about the rise of corporations regulating governments but here we have Twitter soft-censoring the U.S. president on the grounds of incitement of violence,” Buterin said in a May 29 tweet referencing recent Twitter posts from U.S. President Donald Trump. “This is a major escalation and could be a new chapter in relations between corporations and states,” Buterin added. A tangled mess of tweets, executive orders,…
Category: Bitcoin News
Satoshi Invented GPU Mining to Defend the Network Says Early Dev
Satoshi Nakamoto had pre-invented Bitcoin (BTC) GPU mining in order to defend the network, says early Bitcoin developer who worked with the Bitcoin creator in 2010. Laszlo Hanyecz, who is known for making the first real-world Bitcoin transaction, has also been credited with inventing Bitcoin GPU mining. However, in a Cointelegraph interview, he said that not only Satoshi had invented it before him, but he also had several versions of the algorithm. Hanyecz’ Bitcointalk Post Describing GPU Mining. Source: Bitcointalk.org. “Hey, go slow with this” According to Hanyecz, one of…
JPMorgan Chase Settles Crypto Credit Card Lawsuit for $2.5M
Banking giant JPMorgan Chase settled a 2018 lawsuit recently, with a $2.5 total payout — the result of unclear fees charged when using credit cards for crypto purchases. A May 26 court document detailed: “The Court notes that Defendant JPMorgan Chase Bank, N.A., f/k/a Chase Bank USA, N.A. (“Chase” or “Defendant”) has agreed to provide a Cash Settlement Amount of an aggregate of $2,500,000 in cash.” The lawsuit stemmed from lack of clarity In January 2018, JPMorgan Chase quietly altered the terms of use around its credit cards when dealing…
Not Your Tulip Trust? Message Calling Craig Wright ‘Fraud’ May Unlock the Case
Infamous cryptocurrency figure Craig Wright faces newfound legal challenges over more than 1 million Bitcoin (BTC) after addresses listed in the Tulip Trust were used to sign a message labeling him a fraud. Wright has long been a divisive figure within the cryptocurrency community, having made unverified claims of being Satoshi Nakamoto, the founder of Bitcoin. These claims have been met with derision and disbelief by various prominent industry participants, including Ethereum founder Vitalik Buterin, podcast host Peter McCormack and Bitcoin Cash (BCH) proponent Roger Ver. Wright went as far…
6 Questions for Pascal Gauthier of Ledger – Cointelegraph Magazine
Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and we throw in a few random zingers to keep them on their toes! Each participant then gets to remove one blockchain question — and a personal one — and they can substitute in two of their own for the next victim. This week our 6 Questions go to Pascal Gauthier, CEO of Ledger. Pascal started his career at Kelkoo, a price comparison service acquired by Yahoo for EUR 475 million…
Coinbase Investor and Fundstrat Analyst Explain Why Goldman Sachs Is Incorrectly Assessing Bitcoin
A leaked slide from a client meeting shows Goldman Sachs does not believe Bitcoin is an asset class. Coinbase angel investor Seth Ginns and Fundstrat analyst David Grider explain why Goldman continues to hold this antiquated position. Ginns and Grider joined Cointelegraph’s weekly Crypto Live Show to bring an investor’s perspective to the usual trader-heavy lineup. They also dive deeply into a broad range of topics including how they began investing in crypto, why they’ve stayed, crypto’s macro impact on the world of finance, private and central bank digital currencies,…
The Big Four Are Gearing Up to Become Crypto and Blockchain Auditors
Blockchain technology, along with the adoption of cryptocurrencies, is gaining momentum. The enterprise blockchain market is expected to reach $21 billion over the next five years. Just eleven years on, and both sectors have matured greatly, resulting in well-established organizations taking the technology more seriously as they tackle challenges that come with implementing blockchain and the use of digital assets. Unsurprisingly, professional services giants are among those taking a larger role in tackling new market challenges. The Big Four firms and Fortune 500 companies are working with a number of…
BitClave Seems Unlikely to Ever Pay $29 Million Settlement
A company once heralded as a “decentralized alternative” to Google recently settled with the SEC. BitClave suffered a near-immediate collapse in price The project’s token price collapsed almost immediately upon change listing and never recovered. Seemingly the dream of a “decentralized” Google never materialized. The company’s website does not have a link to a GitHub repository. CAT Token Price, Volume & Market Capitalization. Source. Coin360. The company was headquartered in San Jose, California, which may have increased its vulnerability to regulator enforcement. Considering that its market capitalization has collapsed and…
NGRAVE Hard Wallet Hits 450% of Crowdfunding Goal Within Two Days
The NGRAVE ZERO, claimed to be the world’s most secure hardware wallet, launched its crowdfunding campaign for €25,000 ($27,850) on May 26. In the first two days it smashed this total four times over, and is now well on its way to number five. The campaign, which was launched through the IndieGogo crowdfunding platform, is set to run for another 28 days. The campaign offers a number of perks for backers who donate above certain amounts. These range from a single ZERO wallet, through bundles including the Graphene accessory, to…
Maker Rallies 30% in One Hour Amid Upcoming Coinbase Pro Listing
Support for Maker (MKR), the token underpinning the leading decentralized finance, or DeFi, protocol MakerDAO, is set to launch on Coinbase Pro on June 8. The U.S.-based cryptocurrency exchange announced the forthcoming listing on May 29, with USD and Bitcoin (BTC) pairings set to go live in phases. Coinbase Pro announces Maker pairings Coinbase Pro will begin accepting MKR deposits on Monday, June 8. Trading is slated to commence at approximately 9am Pacific Time on June 9, providing the exchange’s MKR orderbook garners meaningful liquidity. “[T]rading on our MKR-USD and…