Ethereum developers may be pulling a rabbit out of a hat as they secure more than seven million ether and suggest that “[t]here are many plans in place to attack the child daos and either block the funds or recover them.” 80% of the #DAO ether is safe for now. And there is a way […]
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Ethereum Devs Hack the Hacker, Price Skyrockets
Bank of Canada Sees Potential for FinTech, Sets High Bar
By working together the full potential of FinTech can be unlocked ensuring a smooth evolution to tomorrow’s financial system, a senior Bank of Canada said on Friday. Bank of Canada senior deputy governor Carolyn Wilkins said in a speech to Payments Canada in Calgary, Alberta, that blockchain technology could help to reduce the time it […]
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Powerful U.S. Regulator Sees Bitcoin as a Possible “Threat” to Financial Stability
The Financial Stability Oversight Council (FSOC), a group of U.S. regulators, warned that bitcoin and blockchain are threats to financial stability and noted they need to adapt to the changing market structure if cryptocurrency reduces the importance of traditional centralized intermediaries. The FSOC includes the Federal Reserve, the Securities and Exchange Commission and the Treasury […]
Dear Ethereum Community. FORK IT!
In this position statement, I urge Ethereum’s community to fork, soft and hard. Like almost everyone, I fully dismissed Bitcoin in 2011 when a devastating MT Gox hack created a meme that Bitcoin was not safe, not secure, that the network could not be trusted with our money. Bitcoin almost died back then. I did […]
The Bitcoin Foundation Gets a New Executive Director
Over a year after being voted in as the executive director of the Bitcoin Foundation, Bruce Fenton is closing his term, with a relatively unknown South African venture capitalist, Llew Claasen, primed to take over. As a bitcoin advocacy group and trade organization, the Bitcoin Foundation will see a new executive director in Llew Claasen, […]
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Bitcoin Price Crash: Why The Sell-Off?
The bitcoin price chart slammed down like a Stark on a Bolton, today, but readers are being encouraged to take heart from the healthy correction and well-deserved profit-taking. This is the natural behavior of markets, and after a much need pullback greater things lie ahead for the bitcoin price chart and for Bitcoin at large. […]
Bitfinex Market Freeze Sends Bitcoin Price Crashing
Bitfinex, one of the biggest bitcoin exchanges, went down for the second time within a day today at 10AM London time for four hours following “network issues” within Bitfinex’s datacentres according to Zane Tackett, Director of Community and Product Development. The unexpected suspension of trading sent price crashing last night to $700 from almost $780. […]
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Bank of England Aims to Boost FinTech Sector
The Bank of England has announced that it is exploring new financial technologies by working closer with FinTech companies in order to boost cyber security and new payment systems. Mark Carney, the governor of the Bank of England, set out his remarks on FinTech and the consequences that it could have on managing the economy […]
Singaporean Bitcoin Exchange Quoine Raises $20 Million; Moves to Japan
Singapore-based bitcoin exchange Quoine has raised $20 million from venture capitalists, building on a $2 million angel investment in December of 2014, according to dealstreetasia.com. The exchange will move its headquarters to Tokyo, while keeping its Singapore office. Quoine is one of several bitcoin exchanges serving Japan to secure investments this year. Zaif raised $6.5 […]
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Winklevoss Twins’ Bitcoin Exchange Gemini Opens in the UK
As bitcoin and ether prices scale in drastic ways, cryptocurrency exchange Gemini, founded by the Winklevoss brothers is now expanding to the UK as a part of a wider expansion plan. Starting today, the Gemini bitcoin and digital assets exchange opens in the United Kingdom, enabling registered users in the region to trade bitcoin and […]
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