John Reed Stark Blasts Bitcoin and IEOs

John Reed Stark Blasts Bitcoin and IEOs

Not every person living on this planet firmly believes cryptocurrencies are here to stay. While that should not come as too big of a surprise, there are still individuals who expect Bitcoin to hit $0 in the near future. John Reed Stark is no fan of Bitcoin, IEOs, or any activity associated with either industry. He recently made some rather interesting remarks which are worth paying attention to. Bitcoin Will hit $0 It is not the first time someone openly claims the value of Bitcoin will hit zero sooner or later.
Rhode Island Looks to Adopt Blockchain For Government Use

Rhode Island Looks to Adopt Blockchain For Government Use

Rhode Island issued a request for proposals aimed at exploring the viability of blockchain technology to improve state operations. This comes on the heels the state relaxing certain security laws for blockchain businesses.
The Stolen Binance Bitcoin Is On the Move Again

The Stolen Binance Bitcoin Is On the Move Again

Hackers are now accessing wallets containing cryptocurrency stolen from Binance in May. Coinfirm, the company that tracked the original few moves in early May has spotted a massive outflow from the original hoard of wallets created on May 7, 2019.
Circle Is Closing Its Mobile App, Circle Pay, This September

Circle Is Closing Its Mobile App, Circle Pay, This September

Circle announced Thursday it would be discontinuing its mobile app, Circle Pay. In a blog post, the company announced a multi-phase wind-down wrapping up on September 30, when remaining funds will be turned over to states or countries, in accordance with local laws. Starting on July 8, only withdrawals will be allowed on the app.
New Monero Botnet Looks Like Last Year’s Outlaw Attack

New Monero Botnet Looks Like Last Year’s Outlaw Attack

There’s another Monero mining botnet that’s targeting China. Or maybe it’s one we’ve seen before. Bloggers steeped in the hacker-verse recently exposed a URL spreading a botnet that looks suspiciously like one unleashed by the Outlaw hacking group last year.
BRD Partners With Wyre to Build Bank Transfer Wallet Feature

BRD Partners With Wyre to Build Bank Transfer Wallet Feature

BRD, a mobile wallet company, announced today that US customers are now able to purchase bitcoin, ethereum, and Dai using bank transfers. This feature is supported through a partnership with Wyre, a blockchain payments provider, and over 1,700 US banks. Company representative Spencer Chen expects this partnership and product launch to close the divide between wallets and exchanges, and allow the company to become a player in the market for cryptocurrency entry.
Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

Binance Says It’s Launching a US Exchange With FinCEN-Registered Partner

Binance, the world’s largest cryptocurrency exchange by volume, is launching a U.S. division. The Malta-based company said Thursday it is setting up Binance US, a new trading platform specifically targeting U.S. customers, in partnership with a firm called BAM Trading Services. The platform will be operated by BAM, while using Binance’s wallet and matching engine technologies. The exchange did not provide a firm timeline for the launch. The move would represent the first formal entry into the U.
Central Europeans Are Beginning to Wake Up to Cryptocurrency Payments

Central Europeans Are Beginning to Wake Up to Cryptocurrency Payments

BitBay, a Katowice-based cryptocurrency exchange, released a survey of Polish cryptocurrency users in an attempt to “create a portrait of this community.” The answers may astound. The central questions asked in the survey are: who uses cryptocurrencies… and how? At this point, it should be disclosed that BitBay is the corporate owner of BitBay Pay, a cryptocurrency payments provider.
Marketing Chief Amanda Gutterman Is Latest Exec to Leave ConsenSys

Marketing Chief Amanda Gutterman Is Latest Exec to Leave ConsenSys

Another top executive is leaving ConsenSys. Chief marketing officer Amanda Gutterman is the latest to depart the ethereum venture studio, according to two sources familiar with the matter. She becomes the third executive departure in recent months, with Andrew Keys announcing his new project on June 6 and former ConsenSys Ventures head Kavita Gupta stepping away in May.
Bakkt Reveals Bitcoin Futures Contract Details Ahead of July Test Date

Bakkt Reveals Bitcoin Futures Contract Details Ahead of July Test Date

The Intercontinental Exchange’s pending bitcoin platform Bakkt plans to begin testing its two futures contracts on July 22 of this year. In a blog post that likened Bakkt’s launch to the Apollo 11 moon landing, chief operating officer Adam White wrote Thursday that the platform will “initiate user acceptance testing” for its bitcoin futures contracts, which will be listed and traded by its parent company.
‘Monopoly’-Style Blockchain Property Trading Game Raises $2 Million

‘Monopoly’-Style Blockchain Property Trading Game Raises $2 Million

FinLab EOS VC Fund and several angel investors have invested a combined $2 million in Uplandme, maker of a digital property-trading game running on top of the EOS blockchain. The funds will be used to support the development and launch of Upland, which is currently available in beta, and will become widely available later this year.
Bitcoin Startup Bitrefill Raises $2 Million Funding for Global Expansion

Bitcoin Startup Bitrefill Raises $2 Million Funding for Global Expansion

The veteran bitcoin startup Bitrefill, which offers cryptocurrency gift cards for mainstream brands and lightning-enabled payment services, plans to expand to new jurisdictions thanks to venture backing. As revealed exclusively to CoinDesk, Bitrefill just closed a $2 million seed round led by Coin Ninja, with participation from litecoin creator Charlie Lee, Fulgur Ventures and BnkToTheFuture.
Circle and Coinbase Open CENTRE Stablecoin Network to New Members

Circle and Coinbase Open CENTRE Stablecoin Network to New Members

Cryptocurrency firms Circle and Coinbase are a launching bold effort to make money as easy to move around the world as internet data and content. In a press release sent to CoinDesk on Thursday, Circle said that, since the initial launch of the CENTRE consortium’s US Dollar Coin (USDC) stablecoin, the two firms have been working to build and finalize what it’s calling a “membership-based framework and governance scheme for the development and growth of money on the internet.” More formally called the CENTRE Network, the scheme is envisioned as a provider of new open standards to facilitate this dream.
Retail Giant Walmart Enters Second Drug-Tracking Blockchain Trial

Retail Giant Walmart Enters Second Drug-Tracking Blockchain Trial

Retail giant Walmart is amping up efforts to harness the power of blockchain record-keeping in pharmaceutical tracking, while also hedging its bets as to the specific technology it’s committing to.  The big-box retail giant said Thursday it will participate in a drug-verification pilot with IBM, KPMG and drugmaker Merck. This is the second such pilot involving Walmart to be announced in as many weeks, and it adds yet another flavor of distributed ledger technology (DLT) to the drug-tracking use case.
Power Move Before Power Lunch: Tron CEO Switches Venue for Buffett Meeting

Power Move Before Power Lunch: Tron CEO Switches Venue for Buffett Meeting

Tron CEO Justin Sun is moving his $4.6 million lunch date with Warren Buffett to “the heartland of tech” aka Silicon Valley.
Reuters, Bloomberg and TradingView to Add New Cryptocurrency Index

Reuters, Bloomberg and TradingView to Add New Cryptocurrency Index

The financial terminals of Thomson Reuters and Bloomberg will soon provide cryptocurrency data from an index that takes into account social media posts and news. Announced Thursday, index provider Cryptoindex said terminal users will be able to view the top 100 performing cryptocurrencies, according to its rankings. Cryptoindex comprises of crypto assets that have occupied a position in the top 200 for over three consecutive months, are “almost always traded on multiple exchanges” and have a “significant social media following.
FINRA Fines Ex-Merrill Lynch Investment Adviser Over Crypto Mining Sideline

FINRA Fines Ex-Merrill Lynch Investment Adviser Over Crypto Mining Sideline

U.S. self-regulatory organization, the Financial Industry Regulatory Authority (FINRA), has fined and suspended an investment adviser over undeclared cryptocurrency mining activities. According to a letter of acceptance, waiver and consent published by FINRA on June 10, Kyung Soo Kim had been working at Merrill Lynch and was registered with the watchdog as a general securities representative through the firm from March 2014.
Bitcoin Price Watch: Price Is Down, but Analysts Say Stay Calm

Bitcoin Price Watch: Price Is Down, but Analysts Say Stay Calm

At press time, bitcoin is down for the count and trading for roughly $7,600. This is a big step backwards for the asset, which during our previous price piece was trading at nearly $1,000 more. However, analysts are warning enthusiasts and traders to “keep their cool,” and say that further price hikes are bound to occur before the year concludes. What You’re Seeing Is Normal Analysts are referring to the currency’s recent behavior as a minor pullback.
John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live

John McAfee’s New Crypto Trading Platform ‘Magic’ Goes Live

Noted cybersecurity expert and eccentric crypto fan John McAfee has just launched a cryptocurrency trading platform. Dubbed “Magic,” the site is touted as allowing users to “trade cryptocurrencies on multiple exchanges within a single dashboard, automatically and manually.” Notably, the exchange appears to be non-custodial, with users’ crypto holdings remaining on eight other exchange platforms.
Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

Could Bitcoin’s Lightning Power Mobile Communications? This Startup Thinks So

New research from mobile mesh networking company goTenna explores how mobile communications can be decentralized with the help of bitcoin’s lightning network. Technologists have long explored how to use cryptocurrencies and blockchains to build programs where users are more in control of their data. GoTenna, the company behind mesh network devices for internet-less connections, is exploring a novel approach.
Square Hires Ex-Google Director as First Member of New Crypto Team

Square Hires Ex-Google Director as First Member of New Crypto Team

Payments company Square has hired former Google director Steve Lee as the first member of its new crypto team. A Square Twitter account teased the news Wednesday afternoon without specifying what Lee’s role at the company would be. A spokesperson for Square declined to comment. The maker of the bitcoin-friendly Cash app led by Twitter CEO Jack Dorsey announced it was hiring a crypto team in March.
Few Women Are Contributing Code to Major Crypto Projects, Report Finds

Few Women Are Contributing Code to Major Crypto Projects, Report Finds

Using data collected from from Github, a study found the top 100 blockchain projects in the cryptocurrency ecosystem showed deep lack of gender diversification, with women committing only about five percent of code. The study, conducted by journalist Corin Faife, reportedly checked over 1 million code commits in GitHub to identify participation of open-source contributors that could be identified as women.
Initial Exchange Offerings Are Providing Big Returns, But Why?

Initial Exchange Offerings Are Providing Big Returns, But Why?

Christopher Brookins is the founder of Valiendero Digital Assets, a quantitative crypto fund founded out of Carnegie Mellon.
Tezos Foundation Snags Former PwC Blockchain Expert As CFO

Tezos Foundation Snags Former PwC Blockchain Expert As CFO

Tezos Foundation, a non-profit, educational wing of the smart contract and Dapp platform, announced Roman Schnider, co-creator of PricewaterhouseCoopers Switzerland’s blockchain initiative, to supercede Eelco Fiole as Chief Financial Officer. Schnider’s appointment to the Zug based firm will begin summer 2019, about six months after investment executive and adjunct professor of financial ethics Fiole filled the position.
Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

Napster Founder’s IoT Startup Is Adding Tokens With $15 Million Round Led by USV, Multicoin

An internet-of-things (IoT) startup founded in 2013 is adding tokens to its business model with the backing of two of crypto’s best-known funders. Helium announced Wednesday a $15 million Series C co-led by Union Square Ventures and Multicoin Capital. Investors will acquire equity in Helium as well as a share of the tokens that will accrue to the company over the next several years as they are minted, after its bespoke blockchain goes live, according to a spokesperson.