Author: ado5jt4lotra

Bitcoin is Bigger Than the Internet According to Tim Draper

American venture capital investor and blockchain industry influencer Tim Draper insists that Bitcoin is “bigger than the internet,” and still believes it will reach $250,000 in the future. As reported by CNBC, during the debate at Intelligence Squared U.S. debate presented in partnership with Manhattan Institute’s Adam Smith Society on Saturday, the billionaire investor compared Bitcoin to his early investments in Tesla, Hotmail, and Skype. He went further by stating that Bitcoin would be “bigger than all of those combined,” and that the scale and importance of Bitcoin and the technology behind it exceeds that of major technological developments...

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Digital Resistance: Telegram to Use Bitcoin to Bypass Russia’s Ban

Telegram founder and CEO, Pavel Durov, has announced that he recently started issuing bitcoin grants to individuals and companies that ran socks5 proxies and VPNs, and that he plans to donate millions of dollars this year alone in order to fund such technologies which circumvent government bans on his Telegram messaging service. Following a ban issued by a Russian court last week, Durov took to his Telegram channel to announce: “To support internet freedoms in Russia and elsewhere I started giving out bitcoin grants to individuals and companies who run socks5 proxies and VPN. I am happy to donate...

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Coinbase Buys Earn.com, Names Balaji Srinivasan It’s First CTO

Cryptocurrency exchange Coinbase said on Monday that it has acquired Earn.com, makers of a paid email product that lets people earn bitcoin for replying to emails or completing surveys. Earn.com formerly operated as a bitcoin mining company under the name 21.co Last year it rebranded itself as a social network and is now regarded as one of the few practical blockchain applications to gain meaningful traction. As part of the deal, Earn.com co-founder and CEO Balaji Srinivasan will join Coinbase as its first ever chief technology officer. Srinivasan will also take on an evangelist role for Coinbase and cryptocurrency...

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Russian Government to Control Bitcoin to Fiat Exchange Operations

The Russian government has prepared a memo on the law “On digital financial assets” that states the “exchange of cryptocurrencies for fiat money to the amount of 600,000 rubles (around $10,000) and more has to be subject to mandatory currency control,” Russian publication Izvestiya reports. Russian banks, however, have been monitoring such transactions as part of their AML measures. The government also believes that profits from digital asset transactions have to be taxed. The bill was submitted by a group of parliament members along with the head of the parliament’s committee for financial markets Anatoli Aksakov. Mr. Aksakov told...

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Court Orders Telegram Messenger App to be Blocked in Russia

Moscow court ordered Telegram messenger app to be blocked in Russia after failing to give the country’s Secret Service (FSB) decryption keys to access users’ messages. Telegram argues this would violate users’ privacy and that the codes constantly change. In its court filing, media regulator Roskomnadzor had said Telegram had failed to comply with its legal requirements as a “distributor of information”. Telegram’s lawyer, Pavel Chikov, said the official attempt to stop the app being used in Russia was “groundless”. In a statement, he said: “The FSB’s requirements to provide access to private conversations of users are unconstitutional, baseless,...

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AR Startup Piligrim XXI Patents New Algorithms for Creating Digital Land

Piligrim XXI, an augmented reality (AR) startup designing the blockchain-based platform Arcona, which allows users to deposit virtual objects anywhere in the world, has obtained a patent for its new algorithms. This solution will facilitate the creation of a universal AR layer called Digital Land. Arcona launches its ICO on April 15. The patented algorithms will help Arcona create the world’s first digitized zones, which will appear next year in New York, London, Paris, Tokyo, Beijing, Rome, Mexico City, St. Petersburg, Istanbul and Barcelona. The goal is for an AR layer to cover the Earth’s surface by the end...

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Bittrex Reopens New User Registrations

Seattle-based cryptocurrency exchange Bittrex announced the resumption of customer user registrations and the launch of its enhanced website. The. Wait. Is. Over. New users can once again register on the @BittrexExchange. Want to sign up? Visit https://t.co/F7hqiiZplX and don’t forget to check out our enhanced website while you’re registering for a #Bittrex account. Learn more at: https://t.co/p9XX6eERqC — Bittrex (@BittrexExchange) 10 April 2018 Registrations at Bittrex were initially paused in December due to saturated capacity and in order “to preserve the experience, stability and security of the platform for existing customers”. Over the past few months new users were...

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Winklevoss Twins’ Gemini To Launch Cryptocurrency Block Trading

Gemini, the digital-asset exchange run by the Winklevoss twins, is introducing a service that will allow investors to make big trades outside of the firm’s order books. Due to go live at 9:30 a.m. New York time on April 12, the Gemini Block Trading service will electronically broadcast orders to participating market makers simultaneously, the company said in a blog post. Trade information will be published on Gemini’s market data feeds 10 minutes after the transactions are executed. The service will allow traders to buy or sell large quantities of Bitcoins and other cryptocurrencies and will compete with companies...

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The Reserve Bank of India Bans Regulated Entities From Dealing In Virtual Currencies

India virtually banned cryptocurrencies like bitcoin with the Reserve Bank of India barring regulated entities from providing services to any individual or business dealing in digital currencies. The central bank has given three months to regulated entities like banks to unwind their positions with the entities related to cryptocurrencies, RBI Deputy Governor BP Kanungo said in a media conference Thursday, April 5. “Technological innovations, including those underlying virtual currencies, have the potential to improve the efficiency and inclusiveness of the financial system. However, Virtual Currencies (VCs), also variously referred to as crypto currencies and crypto assets, raise concerns of...

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Leading Bitcoin and Blockchain Experts To Convene Under One Roof at Chainges in Amsterdam

Two days, three stages, over 60 speakers and 2500 attendees from all around the world. Unique knowledge explored during workshops, keynotes based on use cases and discussion panels, provided by the most influential blockchain speakers from companies such as NEM, BTC.com, Edge, Accenture, IBM, Aeternity, Bitwala, Veritaseum and BitBay. All of it will happen on May 4-5 in Amsterdam at Chainges, the first world-class blockchain conference shaped by the community. Chainges brings the international blockchain industry under one roof at the Kromhouthal – a popular, industrial venue in Amsterdam location giving the ability to create unique and creative experiences...

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