A recent report from Bloomberg analysts states that Bitcoin could be nearing another significant sell-off. Key price movement indicators show that Bitcoin (BTC) could be heading for another move downward, according to a recent report from Bloomberg on March 12. The report states, “Technical gauges signaling long-term buying demand for Bitcoin are deteriorating” and as […]
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The trend may mean lawyers must move with the times, but risks remain, says one legal source. Cryptocurrency payments are a topic of increasing interest for United States lawyers following a recent conference panel, Bloomberg Law reported on March 11. Referencing participants in the 18th Annual Legal Malpractice & Risk Management (LMRM) Conference, which ran […]
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Long Blockchain Corp (i.e., Long Island Iced Tea), has reached an agreement to sell its beverage business. On March 6, Long Blockchain Corp., previously known as Long Island Iced Tea, reached an agreement to sell its beverage business. In December 2017, the firm rebranded itself to focus on blockchain development and enjoyed a 289 percent […]
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A Barclays analyst stated that a possible “Facebook Coin” could generate $19 billion in additional revenue by 2021. Facebook’s own cryptocurrency, if launched, could potentially generate $19 billion in additional revenue by 2021, CNBC reports on March 11. Barclays internet analyst Ross Sandler wrote in a client note that a cryptocurrency could establish a new […]
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The next phase of the fundraising could occur this week, an executive told Bloomberg, on behalf of the company’s blockchain project. The crypto unit of South Korea’s largest internet conglomerate Kakao Corp will repeat its initial coin offering (ICO) after netting $90 million from investors, Bloomberg reported on Mar. 11. Klaytn, the blockchain platform which […]
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In major news this week, university students seem to be making a profit mining crypto, and Jack Dorsey buys $10,000 of BTC a week. Top Stories This Week Research: ‘Free’ Electricity for Students Makes College Campuses Major Crypto Miners According to research from tech conglomerate Cisco, college campuses are the second-largest crypto miners across industry […]
Continue ReadingAt least two seperate bugs related to Monero have been detected. This week, at least two seperate bugs related to Monero (XMR) were reported by crypto community members. The first one allegedly lead to a Ledger hardware wallet user losing around 1,680 XMR (nearly $80,000, as of press time) of his funds after making a […]
Continue ReadingJennifer Robertson is seeking $225,000 in repayment for costs associated with QuadrigaCX’s creditor protection proceedings. The widow of the founder of now-defunct cryptocurrency exchange QuadrigaCX has asked the court for $225,000 in compensation for legal costs, Bloomberg reports on March 4. Jennifer Robertson, the wife of late QuadrigaCX founder Gerry Cotten, is seeking repayment for […]
Continue ReadingDebate has been raging on whether cryptocurrencies with a fixed supply are good or bad. Do they increase prices and demand, or stymy spending? So is crypto actually a currency? This is open to interpretation. While some crypto startups have sought to ensure that their tokens can be used to buy something specific — whether […]
Continue ReadingSam Palmisano says he doesn’t know of a solution that has been found to make public blockchain networks compatible with European data privacy laws. Sam Palmisano — retired IBM chairman and current chairman of United States nonprofit The Center for Global Enterprise — says he doesn’t know of a solution that has been found to […]
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