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Kakao’s Klaytn Blockchain Network Goes Live
Ground X, the blockchain unit of South Korean messaging juggernaut, Kakao, announced on Thursday that it has officially launched its widely-anticipated blockchain platform, Klaytn. Klaytn, per the team’s post on Medium, “is a service-centric blockchain platform” which aims to “trigger the mass adoption of blockchain experience for millions of users across the world.” Klaytn combines the best features of both
Bitcoin Price Drops $1,700 In Minutes After Coinbase’s Website Crashed
MichaelWuensch / Pixabay The bitcoin price plunged as much as $1,700 in just 15 minutes after crypto exchange Coinbase’s website crashed on Wednesday afternoon. This massive drop comes after the bitcoin price hit a 17-month high of over $13,700 on Tuesday. After Coinbase’s website crashed, it showed this message: “An error has occurred. We’ve been notified about the issue and
Bitcoin Cheerleader Less Cheery After Potentially Causing Market Crash
Galaxy Digital founder Michael Novogratz did not have a great day. Financial Review: …Thursday's reversal prompted one of bitcoin's biggest proponents, Mike Novogratz, to lament on not having taken more money off the table before the coin lost nearly all its gains. That may have contributed to its swift demise, according to John Spallanzani, portfolio manager at Miller Value Partners.
Accountancy Giant PwC Adds Crypto Auditing to Its List of Services
PwC, the Big Four accounting firm, can now audit crypto companies, writes Bloomberg: Teams across PwC spent the past year designing tools that could match the private keys and public addresses assigned to crypto asset accounts, Ralph Weinberger, head of PwC's Global Assurance Methodology, Learning and Education Organization, said by phone. The auditor's tools can't access the unique alphanumeric security
Fintechs And Financial Institutions: The Case For Collaboration
Fintech firms and financial institutions are often viewed as rivals. Fintechs are spawning innovations that allow users to bypass traditional banks, especially in emerging markets where branch banking is inconvenient. Rather than spend hours traveling to a branch and even more time standing in line, digital innovation makes banking possible by downloading a smartphone app or keying in a USSD code.
Facebook Libra vs Bitcoin: How Do The Two Cryptocurrencies Differ?
MichaelWuensch / Pixabay After more than a year of rumors and speculation, Facebook has launched its own cryptocurrency Libra. Facebook Libra is backed by a bunch of other corporations including Visa, PayPal, Spotify, eBay, Uber, MasterCard, and others. It’s a clear indication that these companies would accept Libra as payment on their platforms. Bitcoin, a popular cryptocurrency, has been trying
Ripple CEO Brad Garlinghouse Is Bullish on Bitcoin
In an interesting display of trading acumen, Bitcoin critic and Ripple CEO Brad Garlinghouse has declared that he is now long Bitcoin. Forbes: "I don't think that there will be one crypto to rule them all," Garlinghouse said, speaking at the Fortune Brainstorm Finance 2019 conference. "I own bitcoin and am long bitcoin." "I think bitcoin is a store of value and
A Whole New Dimension of Crypto as Bitcoin Hits Above US$10k
Get ready for a whole new dimension of crypto as bitcoin hits above the US$10K mark. Below comments from Fred Schebesta Co-founder of cryptocurrency broker and one of the world’s biggest personal finance comparison sites MichaelWuensch / Pixabay “Bitcoin, now at AU$15,029 (US$10,456), hasn’t hit above US$10K for 15 months, since March 6, 2018, (although it came close hitting
NexChange Interview Series: Michael Terpin, Transform Group
This week on the NexChange Interview Series, we join NexChange’s Olga Yaroshevsky on the CoinsBank Blockchain Cruise where she sat down with Transform Group CEO Michael Terpin. The two talk about Terpin’s landmark case against crypto thieves, where he was awarded over $75 million in damages, as well as his recent case versus AT&T. They also discuss the flaws of
What The MoneyGram-Ripple Deal Could Mean For The Cryptocurrency Space
The announcement that Ripple is partnering with MoneyGram International, Inc. MGI 4.38% has been met with a positive reaction as cryptocurrency goes mainstream. The blockchain payment company made an initial investment of $30 million in the money transfer company comprised of common stock and a warrant to purchase common stock. Ripple purchased newly issued common stock from MoneyGram, including the