World Bank President: Everyone Is Excited About Blockchain, Not Bitcoin The president of the World Bank, Jim Yong Kim, was bullish about Blockchain technology when he spoke with CNBC during an interview. However, while expressing his positive views of the technology, he was quick to point out that there are risks when it comes to Blockchain technology derivatives like Bitcoin. When asked if the Blockchain based currencies were viable, he said: "Blockchain technology is something that everyone is excited about, but we have to remember that Bitcoin is one of the very few instances [of Blockchain’s use in currency]. And the other times when Blockchain was used they were basically Ponzi schemes, so it’s very important that if we go forward with it, we're sure that it’s not going to be
Delaware Judge Throws Out Case Against Blockchain-Based Payment Network Ripple In an apparent victory for the Blockchain-based payment network Ripple, a Delaware judge ruled in their favor regarding the recent lawsuit over R3 consortium’s wish to force the company to make good on a contract to buy a huge volume of XRP. The news broke via Ripple’s Twitter account: Breaking news! https://t.co/tK0tHPjQ6Z — Ripple (@Ripple) October 13, 2017 R3, the ‘Blockchain-inspired’ startup servicing banks and financial institutions, maintains that Ripple Labs has violated a prior purchase agreement for XRP tokens between the two companies. Califonia next Brad Garlinghouse, Ripple’s CEO, started the Twitter feud, indicating that the judge in the Delaware lawsuit had ruled to ‘throw out’ the case. H
BlackRock CEO Larry Fink: Bitcoin For Money Launderers Only BlackRock CEO, Larry Fink, has recently adjusted his perspective on Bitcoin, stating that the cryptocurrency is just a money laundering scheme. Fink had previously made some relatively positive comments about Bitcoin, but has shifted his position. The head man at the largest asset management firm in the world spoke out against Bitcoin during the same Institute of International Finance panel discussion in which Jamie Dimon called Bitcoin buyers ‘stupid.’ Fink said: "Bitcoin just shows you how much demand for money laundering there is in the world. That’s all it is. It’s an index of money laundering.” The comments were met with chuckles from the crowd, even as Fink looked at Dimon as he spoke. These recent comments indicate
SPV Wallet Bread Lets Users Decide During the Segwit2x Hard Fork - Bitcoin News Wallets This week the popular bitcoin wallet app for iOS and Android, Bread, announced its contingency plans towards the Segwit2x fork scheduled for this November. Bread says the Segwit2x fork is more complicated due to the lack of built-in replay protection, but its number one priority is keeping customers funds safe and giving users a choice. Also read: Putin Tells Central Bank Not to Create Unnecessary Barriers to Cryptocurrencies SPV Wallets Follow the Most PoW By Default, But Bread Users Have a Choice Bread is a well-known bitcoin wallet that has a solid reputation for security and safety as a non-custodial Simplified Payment Verification (SPV) client. The startup details in its announcement th...
PR: BitBoost Starts Last Phase of Token Sale After Releasing Decentralized E-Commerce Platform for Testing - Bitcoin News This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. BitBoost, the blockchain company developing The Block, started its main sale October 10th, at 14:00 UTC. The goal is to sell up to 61 million BBT (BitBoost tokens), after selling almost 5 million tokens during the pre-sale between the 18th and 23rd of September. BBT are the functional tokens needed to create listings in The Block, a blockchain-based marketplace...
JP Morgan Boss Can't Stop Talking About Bitcoin — Calls Investors "Stupid" - Bitcoin News News The Wall Street tycoon and JP Morgan CEO Jamie Dimon is once again talking about bitcoin investors in a derogatory fashion. On October 12, Dimon told CNBC that he was done talking about bitcoin and that it was basically irrelevant to him. However, Dimon won’t shut up about bitcoin as the bank executive called bitcoin investors “stupid” and someday they will “pay the price.” Also read: Bitcoin Proponents Respond to JP Morgan Executive’s Statements Dimon Says He Won’t Talk About Bitcoin But Then Gives a Speech About the Currency and It’s Investors “The other thing I’ve always said about bitcoin, governments. This is not a technological statement — Governments are going to crush it one d
Lightning Network Desktop App Now Available for Testing - Bitcoin News Technology Lightning Network developers released a testnet desktop application today for Lnd. According to the blog post, this will unleash a blitz of testing on the network. The developers actively want technical users to immediately begin experimenting with the application. They provided an official download link from their Github site. Also read: Judge’s Decision to Delay Bitlicense Hearing Considered a ‘Positive Step’ The blog post said, “Today, we’re thrilled to be releasing a new cross-platform demo Desktop App for Lnd. The release of this new demo wallet kicks-off a two-week “testing blitz” during which we hope Lightning users with a technical inclination can start testing the wallet, giving feedback
Developer Amaury Séchet Discusses the Values of Bitcoin ABC Development - Bitcoin News Interview Over the past two months, the Bitcoin Cash network has been trucking along and currently holds the fourth largest cryptocurrency market capitalization. Recently news.Bitcoin.com covered the project’s current Emergency Difficulty Adjustment (EDA) and the discussions concerning the future of the network’s difficulty change. This week we spoke with the lead developer of the Bitcoin ABC client, Amaury Séchet, and discussed his vision of the Bitcoin Cash protocol and thoughts on the EDA solution. Also read: Remittance Startup Bitspark Drops Bitcoin Over Network Fees Bitcoin ABC Development: ‘Upholding Values and Achieving the Mission’ At the time of writing the Bitcoin Cash (BCH) network
PBOC Director of Digital Currency Research Institute Advocates State-Issued Cryptocurrency Regulation The Director of The People’s Bank of China’s (PBOC) Digital Currency Research Institute, Yao Qian, has announced his determination that the issuance of a state-owned digital currency is necessary in order to “fundamentally guarantee the market position of… [China’s] currency”, as reported by Chinese media outlet, Yicai. Also Read: Virtual Currencies Expected to Be Regulated in China on October 1st The Director of China’s Digital Currency Research Institute Has Spoken in Favor of Issuing a State-Backed Virtual Currency Speaking at a meeting hosted by the International Telecommunication Union on October 12, Qian emphasized the potential benefits that China could reap through iss
Big Name Investors Voicing Bitcoin Optimism Are Louder Than Negative Colleagues - Bitcoin News Finance Bitcoin’s price is on a tear in 2017, and it’s hard not to notice the decentralized currency’s spectacular run this year. As the value climbed to new heights this October, surpassing $5800 per BTC across global exchanges, many well-known investors have stated this month that they believe bitcoin’s future will be very bright from here on out. Also read: Judge’s Decision to Delay Bitlicense Hearing Considered a ‘Positive Step’ Despite the Words of Jamie Dimon, Big Name Investors Believe Bitcoin Has a Bright Future Big name investors and billionaires are talking about bitcoin a lot these days. However, the JP Morgan CEO, Jamie Dimon, has decided to stop talking about bitcoin, for