Blockchain tech company ConsenSys could reportedly cut 50 to 60 percent of its staff amidst the market slump. Blockchain software technology company ConsenSys may reportedly be making significant cuts to its staff, technology news outlet the Verge reported Dec. 20. Citing a source familiar with the matter, the Verge reports that ConsenSys is spinning out […]
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Blockstream’s satellite service hopes to increase the footprint and accessibility of the Bitcoin network around the world. Bitcoin’s wireless broadcast footprint has been expanded substantially thanks to Blockstream’s most recently leased satellite. The blockchain development firm confirmed it has leased a fifth satellite on Dec. 17, which is being used to broadcast the Bitcoin blockchain […]
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Venture capitalist Peter Thiel has purportedly invested in digital currency investment platform Layer1. Venture capitalist and PayPal co-founder Peter Thiel has invested in cryptocurrency investment platform Layer1, according to a press release published Dec. 19. San Francisco-based Layer1 has concluded a $2.1 million seed funding round backed by such industry players as Thiel, crypto-focused venture […]
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Former AQR Capital Management exec: despite the massive crypto collapse, markets deserve a “B+ grade” in 2018. Despite a massive sell-off this year, a former AQR Capital Management executive gave crypto markets’ 2018 performance a “B+ grade” in an op-ed for Bloomberg, Dec. 20. Aaron Brown — AQR’s former Chief Risk Manager and an author […]
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30 major Chinese media outlets established a new alliance for copyright protection using blockchain technology. A media copyright protection alliance has been established in Beijing to provide copyright protection services using blockchain technology, according to the Chinese state-owned International Finance News on Dec. 19. The newly established alliance — the “China Financial Media Copyright Protection […]
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The Bank of England asked Twitter users to choose how they would want to receive money for Christmas, and most chose digital currency. The vast majority of respondents to an ongoing United Kingdom central bank Twitter survey, posted Dec. 17, said they would prefer to receive a gift of money in digital currency. Screenshot of […]
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In a note to clients, crypto investment bank Galaxy Digital said that the current rally in markets “has more legs” than people realize. Amidst another crypto rebound, crypto investment bank Galaxy Digital said in a note to clients on Dec. 20 that short rallies like the current one are what happens “before a real rally […]
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McAfee Labs: Cryptojacking rose by over 4000 percent in 2018, and threat actors are now targeting IoT devices. Cryptojacking malware activity rose by over 4000 percent in 2018, according to a new quarterly report published by cyber security firm McAfee Labs, Dec. 18. Cryptojacking is the practice of using a computer’s processing power to mine […]
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U.S. lawmakers have introduced a bill that would amend current securities laws to exclude cryptocurrencies from their purview. Two United States congressmen introduced a bill in the House of Representatives on Dec. 20 that would exclude digital assets from being defined as securities. The “Token Taxonomy Act of 2018” was introduced by Reps. Warren Davidson […]
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Thailand has signalled it plans to take the rare step of simplifying procedures through which ICOs can raise money. Thailand’s securities regulator is planning a public hearing with the aim of loosening rules that form a “barrier” to initial coin offerings (ICOs), local English-language news outlet Bangkok Post reported Dec. 20. Thailand — which issued […]
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