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The current president and chief executive officer of the San Francisco Federal Reserve Bank, and the man expected to soon be the New York Federal Reserve Bank, John Williams, has rejected the suggestion that cryptocurrencies comprise currency. Also Read: Trading Sanctions Imposed on Tezos Co-Founder Amid FINRA Settlement New York Federal Reserve Nominee Rejects Cryptocurrencies as … Read more
Jessie Powell, the CEO of U.S.-based cryptocurrency exchange Kraken, has publicly stated his refusal to answer a questionnaire issued by the New York Attorney General’s office. Mr. Powell has described the questionnaire – which was sent to thirteen virtual currency exchanges operating in the United States – as hostile to both cryptocurrencies and the virtual … Read more
According to reports, bitcoin cash users are frustrated with the Ledger hardware wallet as users have complained they cannot access their accounts. The firm’s chief technical officer, Nicolas Bacca, explained on Reddit forums that the team was still investigating the matter. Also Read: Stanford, Wharton and Georgetown Expand Bitcoin Business Classes Ledger Wallet BCH Accounts … Read more
South Korean police have arrested four high-ranking representatives of two cryptocurrency exchanges, including Coinnest’s CEO. They were detained on arrest warrants issued after a fraud investigation, prosecutors said. The executives are accused of embezzling funds belonging to customers and may face additional charges. Also read: Three South Korean Crypto Exchanges Raided for Diverting Funds Suspects … Read more
On Tuesday, Microsoft co-founder and avid philanthropist Bill Gates participated in an Ask-Me-Anything (AMA) session on Reddit, where users of the site present questions on any topic for the billionaire to answer. Among questions of coding semantics and peanut butter sandwiches, one Redditor asked for Gates’ opinion on cryptocurrency. Redditor /u/Askur1337 asked Gates for his take on … Read more
LONDON – With energy consumption of each bitcoin transaction equal to 17.5 U.S household’s daily consumption as of January 31, 2018, sustainability and feasibility of cryptocurrencies has been fiercely debated by both proponents and skeptics alike. 4NEW’s elegant and efficient end to end solution, figuratively, enables blockchain to have its own battery pack with global … Read more
Visa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In … Read more
Substratum is a project aiming to power the decentralized web by allowing free and equal internet access to users around the globe. The project promises to allow anyone to host a node and receive Substrate in return for contributing to the network. Currently the product is in closed-beta allowing only a select few participants, supposedly … Read more
Pavel Lerner, the Russian IT specialist kidnapped by masked men near his Kiev office on Tuesday, has been released after reportedly paying a bitcoin ransom worth more than a million in USD. This sum and payment has not been confirmed. Exmo’s executive was dropped off on a roadside by his attackers and is in a … Read more
