Analysis

[embedded content] “Everybody has a plan until they get punched in the mouth,” said boxing superstar Mike Tyson. This year, the so-called father of bitcoin, Craig Wright, tasted first blood. Wright has long been adamant about his position as the creator of bitcoin. Much to a skeptical crypto ecosystem’s chagrin, he has done everything except
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U.S. Treasury Secretary Steven Mnuchin agrees with his boss that crypto is for crooks. In a press conference Monday, Mnuchin voiced the Trump administration’s concerns with Facebook’s Libra and cryptocurrencies like bitcoin. Mnuchin’s statements come ahead of two hearings on Capitol Hill this week, in which Facebook blockchain lead David Marcus is expected to testify before both Senate
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Set Labs, San Francisco-based investment platform, unveiled an Ethereum-based financial trading instrument that captures crypto’s volatile attributes for the investor’s benefit. The “Trend Trading ETH 20 Day Simple Moving Average Crossover Set” uses a two year back-tested “moving average” to capture the momentum of price swings and limit losses in the market. The ETH Crossover
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The Takeaway Congressional hearings on Facebook’s Libra project are likely to focus more on the company’s privacy failings than on unresolved policy questions for cryptocurrency. Lawmakers will probably also grill Facebook blockchain lead David Marcus on the company’s choice of Switzerland as the home for the Libra Association. Though Facebook intends to launch Libra next
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Tech giant Samsung Electronics is joining six other major South Korean firms to develop a blockchain-based certificate and ID authentication network. Announced on Sunday and reported by CoinDesk Korea, the other founding firms include mobile carriers SK Telecom, LG Yuplus and KT, two banks – KEB Han and Wooriand – and government-founded securities infrastructure provider
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After losing about ¥3 billion ($32 million) to cyber criminals last week, it now appears that hackers not only targeted the Japanese operations of Bitpoint but also other overseas exchanges running the firm’s cryptocurrency trading system. According to The Japan Times, cryptocurrencies worth $2.3 million were stolen in an earlier attack which targeted Bitpoint’s subsidiaries.
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Shinhan Card, South Korea’s top credit card company, has been granted a patent for a blockchain payment system. As reported by The Korea Times on Monday, the Shinhan Financial Group affiliate said it has developed a “world-first” service based on blockchain technology that offers credit card functionality, including setting spending limits, making monthly installments and payments to
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Let’s be clear: It was not the substance of Donald Trump’s tweet that made his critique of bitcoin and Libra so important last week. It should be of no surprise that this US President would declare himself “not a fan” of “highly volatile” cryptocurrencies “based on thin air” that “facilitate unlawful behavior” or that he much
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