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eCash creator and pioneering cryptographer David Chaum unveiled his Elixxir cryptocurrency September 19 following two years of behind-the-scenes development. Targeting Consumer Scale Speaking at the Consensus Singapore conference, Chaum said his latest project addressed the shortcomings in speed which currently prevent bonafide blockchain-based assets such as Bitcoin scaling quickly. “It is widely recognized that some fundamental solutions are needed in order for blockchain technology to make the critical leap from store-of-value to consumer-scale payment and messaging,” he continued in an accompanying press release. We wanted to have the engineering done…

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Following a recent report of New York State’s Attorney General, an economist believes that the document confirms “zero” chances of a Bitcoin ETF approval in 2018. ‘Odds of Bitcoin ETF Approval in 2018 = 0’ A new report of the New York States Office of the Attorney General (OAG) Barbara D. Underwood, outlined the issues which existing cryptocurrency exchanges face compared to traditional venues. According to the document, digital currency exchanges are up against serious problems such as potential conflicts of interest, lack of efforts to impede abusive trading activity, limited…

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Draft laws employing alternative approaches to regulating digital currencies have been introduced in Ukraine and Russia. In Kiev, a bill that classifies cryptocurrency as an asset, unit of exchange and store of value has been filed in the Rada and it’s supported by both deputies and representatives of the industry. In Moscow, the managers of leading Russian enterprises have prepared their own version of the law on digital financial assets which contains the legal term “cryptocurrency” and differentiates it from tokens. Also read: Cash to Crypto Trade Blooming in Moscow,…

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September 15, 2018 brings the post-industrial financial world to a ten-year milestone. Lehman Brothers Holdings Inc. was officially shuttered on this day in 2008, rocking the entire planet. The event occurred just 110 days before a revolution its collapse helped to spawn: Bitcoin. A little-known economic philosopher, Ludwig von Mises, tried to warn many years ahead about the perils of allowing politicians to issue and steer money. Also read: Overstock to Offer Bitcoin for Sale After Acquiring Bitsy.com Biometric Wallet Mises Warns Fifty Years Prior Investment banks successfully captured levers of…

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The Satoshi Revolution: A Revolution of Rising Expectations Section 4: State Versus Society Chapter 10, Part 4 Crypto and the New Cold War History is written by the victors.-Winston Churchill Success is a great deodorant.-Elizabeth Taylor The winning side of a war writes the narrative; politicians, cultural leaders, educators, and the media create the “facts” that school-children know. The losing side can struggle for decades to crack open a window onto inconvenient truths and a more complete picture. “Unimportant” facts do not fare much better in textbooks. Marginalized nations and…

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HitBTC hit the news again, passively this time after its competitor CoinBene made an anarchist announcement against the #7 exchange. Any cryptocurrency that will voluntarily choose to leave HitBTC will be welcomed for free on CoinBene. John McAfee’s War Against HitBTC John McAfee said that he’s keeping the pressure on cryptocurrency exchange HitBTC after rival exchange CoinBene announced a new partnership with the McAfee alliance to fight corruption in the cryptocurrency space. https://twitter.com/coinbene/status/1039557469998120962 The same event announced a new interesting partnership – CoinBene and John McAfee’s Alliance – as explained in the tweet…

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There are green shoots of recovery throughout the crypto markets today, which some have attributed to Morgan Stanley’s reported foray into the field. We’ve got all the details on that one, plus other tales from across the cryptosphere on what’s shaping up to be a bullish day for bitcoin. Also read: New French Law Sets Out Guidelines For ICOs Morgan Stanley Wants to Swap Investment bank Morgan Stanley is looking to swap fiat trading for crypto trading. More specifically, it’s seeking BTC price return swaps. As derivatives, these contracts would enable…

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Cryptocurrency have finally shrugged off naysayer comparisons to the dotcom boom after markets lost more value than the crash of 2000. ‘Very Likely A Winner Takes All Market’ As Bloomberg reported September 12 following another day of declines, especially concentrated in altcoin markets, the MVIS CryptoCompare Digital Assets 10 Index now reads 80 percent lower than at all-time highs around December last year. This beats the Nasdaq Composite Index’s decline after the dotcom bubble burst by 2 percent. “It’s a very likely a winner takes all market — Bitcoin currently…

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As bitcoinists, we all know how constant cycles of terror and relief can feel a bit like a horror film at times. Writer/director Alex J. Mann has translated that feeling into an actual horror film, and it will only take you a minute and a half to watch. Pop Culture Any crossover between bitcoin and popular culture can only help raise awareness of our favorite cryptocurrency across a wider audience. Though we cringe at many of the awful attempts at crypto-pop, we know that exposure is ultimately a good thing. Earlier this year,…

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Sometimes, the only thing that drives progress is a kick… in the bottom. That’s why economic crises have been a most effective factor for encouraging cryptocurrency adoption. First Venezuela, then Iran, and now the Philippines may follow suit. The Philippines are currently seeing the highest inflation rate (6.4%) in almost a decade as an outcome of the trading war (gone global…) between the US and China. The national currency, the Philippines Peso (PHP), plummeted to its lowest in 13 years against the USD according to Reuters — or $0.019. The president…

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