Even ‘Dr.Doom’ Roubini isn’t Buying JP Morgan’s ‘Cryptocurrency’

Even ‘Dr.Doom’ Roubini isn’t Buying JP Morgan’s ‘Cryptocurrency’

“S**t f**k, I agree with Nouriel,” said one cryptocurrency enthusiast in reference to NYU economist and vocal bitcoin bear Nouriel Roubini.

Agreeing with Nouriel Roubini for a cryptocurrency lover was an unbelievable thing. The global economist called bitcoin “a mother of all scams and bubbles” before the US senators. He wrote elaborative anti-cryptocurrency reviews for mainstream media. He celebrated when the prices of leading top coins fell drastically. In short, no cryptocurrency supporter should have agreed with the “Dr. Doom.”

Not unless JP Morgan came into the picture.

The American multinational bank on Thursday announced that it had created “JPM Coin,” an XRP-like digital token that would instantly settle transactions between its clients. Since the coin utilized blockchain, the digital ledger technology that powers major cryptocurrency projects, media started referring JPM Coin as ‘crypto.’

‘Dr. Doom’ Roubini Disagreed

In a FAQ published after the JPM Coin announcement, JP Morgan clarified that its new asset was a stablecoin, which means it is 1:1 redeemable in fiat currency held by the bank. Atop that, the firm stated that it was using a permissioned blockchain network, adding that only institutional customers passing JP Morgan KYC standards would gain access to it.

Roubini was quick to tweet about how JP Morgan stablecoin was not a cryptocurrency. He wrote:

“In which way has the new alleged JPMorgan crypto-coin anything to do with blockchain/crypto. It is private not public, permissioned not permissionless, based on trusted authorities verifying transaction not trustless, centralized not decentralized. Calling it crypto is a joke.”

Breaking down the tweet, what Roubini highlighted was how JPM Coin would not move beyond the walls of JP Morgan. Had it been bitcoin or any other decentralized asset, the network would process transactions anytime, to anywhere. However, the coin could replace Swift, a decade-old system which takes more than a day to settle money transfers. With JPM Coin, JP Morgan would be able to execute the same transactions in real-time.

Get No Idea, Roubini is Still a Crypto Critic

Roubini’s tweet marked the first time when he and the rest of the cryptocurrency community thought in the same direction. But that does not mean he was projecting bitcoin as a better alternative than JP Coin. Let’s see why:

A section of cryptocurrency enthusiasts believed that JP Coin, a project backed by the same bank whose CEO Jamie Dimon called bitcoin a fraud, could now project the decentralized digital currency in good lights. To them, a big bank experimenting with bitcoin-as-a-technology was a piece of bullish news in the long term.

Nevertheless, Roubini’s tweet appeared like an attempt to separate decentralized assets from an institutionally-backed stablecoin. Not that it could have harmed bitcoin, it would disappoint buyers who believed the digital currency could benefit from the JP Morgan announcement.

Dr. Doom is not buying JP Morgan ‘cryptocurrency,’ but it doesn’t mean he is bashing it for existing. At the same time, the economist is not giving up on speaking against bitcoin on public platforms.

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David Fincher’s disturbed ‘Love, Death and Robots’ premieres March 15th

David Fincher’s disturbed ‘Love, Death and Robots’ premieres March 15th

When Netflix said that David Fincher and Tim Miller’s Love, Death and Robots was an animated series for mature audiences, it wasn’t kidding around. The streaming giant has posted the trailer for the 18-story anthology, and you definitely won’t be watching this with younger viewers. The title is not only apt, but can sometimes describe one scene — there are multiple displays of robot sexuality, for starters.

The series premieres March 15th. The trailer doesn’t show enough to indicate whether these will be thought-provoking tales or simply a bit risqué, but it’s certainly enough to raise eyebrows (and ears, given the thumping industrial soundtrack). And even if you don’t care for it, look at it this way: it might open the door for more adult-oriented animation on Netflix.

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Introducing ‘JPM Coin’: JPMorgan will be the first major US bank to launch its own cryptocurrency | Markets Insider

Introducing ‘JPM Coin’: JPMorgan will be the first major US bank to launch its own cryptocurrency | Markets Insider

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  • In a first for a major US bank, JPMorgan said on Thursday it would launch a cryptocurrency tied to the US dollar.
  • The bank said the coin, called the “JPM Coin” is intended to “make instantaneous payments using blockchain technology.” 
  • JPMorgan’s chief executive officer, Jamie Dimon, said in late 2017 that bitcoin, the largest cryptocurrency, was a “fraud.” He later regretted the comments.
  • CNBC first reported the bank’s announcement. 

JPMorgan, the largest bank in the US, said on Thursday that it had created and successfully tested a cryptocurrency this month. It marked an unprecedented move for a major US bank.

The bank said its digital currency, called “JPM Coin,” is based on blockchain technology and is intended to enable the “instantaneous transfer of payments between institutional accounts.” CNBC first reported the bank’s announcement.

JPMorgan said each JPM Coin has a value equivalent to one US dollar; digital currencies tied to fiat currencies have come to be known as “stable coins.”

“When one client sends money to another over the blockchain, JPM Coins are transferred and instantaneously redeemed for the equivalent amount of U.S. dollars, reducing the typical settlement time,” Umar Farooq, the firm’s head of Digital Treasury Services and Blockchain, said in a release.

The bank said that over time, JPM Coin will be “extended to other major currencies.” As for whether regulators support the coin, the bank said the cryptocurrency is “currently a prototype,” and as it moves toward production the firm will “actively engage our regulators to explain its design and solicit their feedback and any necessary approvals.”

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Jamie Dimon, the bank’s CEO, said in late 2017 that bitcoin, the largest cryptocurrency, was a “fraud.” Months later he said that he regretted the comments, but said he still wasn’t interested in bitcoin itself.

The bank included its official stance on cryptocurrencies in its Thursday release: “We have always believed in the potential of blockchain technology and we are supportive of cryptocurrencies as long as they are properly controlled and regulated.”

Ironically, the bank recently published a recent report downplaying some of the benefits blockchain technology could bring to the industry. In January, JPMorgan offered skepticism on some areas blockchain could improve current processes.

“Blockchain is unlikely to re-invent the global payments system, but instead can provide marginal improvements to various parts of the process,” the report said.

The report did, however, explain the use cases it saw in streamlining and automating cumbersome banking processes, such as trade finance. 

JPMorgan has long shown interest in the potential of blockchain technology. In 2015 it joined a consortium of banks led by New York-based fintech R3 looking to create standards and protocols around how the blockchain could be used in banking. The relationship was short lived, though, as JPMorgan left the group less than two years later.

That wasn’t the end of JPMorgan’s involvement in industry-led initiatives around the new technology. In 2016 the bank invested and began a trial project with blockchain company Digital Asset Holdings, which was led by former JPMorgan executive Blythe Masters before she stepped down at the end of 2018

In March 2018, the Financial Times reported that JPMorgan was considering spinning off Quorum, it’s internal blockchain project and the one the JPM Coin will be issued on, in an effort to achieve greater industry adoption.  

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Tesla pushes Sentry Mode, Dog Mode updates to its EVs

Tesla pushes Sentry Mode, Dog Mode updates to its EVs


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Less than a month after Elon Musk said Sentry Mode for Teslas would be “coming soon” the update has started to roll out, along with a couple of other tweaks. In a blog post detailing Sentry Mode, Tesla explained it uses the car’s external cameras to watch for potential threats. If it’s in standby, the cameras are watching, ready to go into an “Alert” state if someone does something like leaning against the car that pops up a message on its touchscreen saying that the cameras are recording.

If someone breaks a window or something then it goes directly into Alert, which activates the alarm, plays music at loud volume and turns up the brightness on the interior screen. It also sends an alert to the owner via their Tesla app and if they’ve plugged in a formatted USB drive prior to enabling Sentry Mode, then it will save a recording of everything starting ten minutes before the Alert was triggered. You’ll have to turn on Sentry Mode each time you want to use it — with its recordings that’s probably for the best — by going into the Safety & Security menu.

Sentry Mode
Sentry Mode continuously monitors your car’s surroundings while it’s locked and parked. When a potential threat is detected, the cameras on your car will begin recording, and the alarm system will activate. You will receive an alert from your Tesla app notifying you that an incident has occurred.

To enable Sentry Mode, go to Controls > Safety & Security > Sentry Mode. You must re-enable this feature with every use.

Sentry Mode is designed to add another layer of protection to your car, but it will not prevent against all possible threats.

For pet owners, there’s now Dog Mode, for times when you have to leave a four-legged friend in the car alone (providing that is allowed by local laws). Not only does it keep the cabin at a comfortable temperature (just tap the fan icon while parked and set the climate to “Dog”), it also displays that temperature on the car’s internal screen, hopefully preventing any well-meaning Good Samaritans from breaking your windows unnecessarily. If the car’s battery drops below 20 percent while in Dog Mode then it will send a notification to your phone.

Finally, the Dashcam recording feature that arrived last fall is also getting an upgrade that allows it to record feeds from the side cameras in addition to the narrow one mounted up front. It could take a little while for the upgrades to arrive, as Musk said they will go out slowly to watch for any issues and then ramp up in distribution next week. For Sentry Mode and the dashcam, the features are coming to “U.S. Model 3 vehicles, followed by Model S and Model X vehicles that were built after August 2017” since those have the required AutoPilot 2+ hardware installed.

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Google said to plan first smartwatch, budget phones for 2019

Google said to plan first smartwatch, budget phones for 2019


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If Google introduced a lot of hardware in 2018, it might have a veritable avalanche in store for 2019. Nikkei sources claim to have details of Google’s roadmap for the year, which includes a few firsts for the brand. To begin with, the insiders appear to corroborate rumors of lower-cost Pixel phones. The scoop doesn’t include many details, but suggests the budget Pixel line will sit below the $749 price of the iPhone XR. Earlier rumors pointed to mid- and large-sized devices with 1080p LCDs, Snapdragon 670 processors, 32GB of storage, a 12-megapixel rear camera and a lone front shooter.

Crucially, there’s also word of Google making a smartwatch — the first time the company would release its own wristwear rather than collaborating with a partner like LG. There are even fewer details here, but this could explain why Google bought some of Fossil’s smartwatch tech.

Other additions would reportedly include an “updated version” of its Home speaker, a new security camera and the expected refresh for high-end Pixel phones.

Nikkei didn’t say when this hardware would ship. Google has historically unveiled most of its in-house devices at an October media event, but it’s not necessarily obliged to deliver everything at the same time. It might introduce the budget phones sooner, for instance. Either way, it looks like Google’s device team could have a very busy year.

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Following backlash, Amazon might back out of New York-based HQ 2 plans

Following backlash, Amazon might back out of New York-based HQ 2 plans


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Amazon is said to be having second thoughts about its plan to set up a second headquarters in New York City following significant pushback from politicians and residents. Executives have considered alternative options, the Washington Post reports.

Despite a splashy announcement when it revealed it would set up shop in Long Island City, Queens and create 25,000 jobs, it’s not too late for Amazon to change course. It hasn’t bought or leased office space yet, and state officials aren’t expected to approve the plan until next year anyway.

A number of political figures — including Rep. Alexandria Ocasio-Cortez, former New York City mayor Michael Bloomberg and state senator Michael Gianaris (whose district includes Amazon’s proposed site), have balked at the plans, particularly New York’s offer of $3 billion in subsidies for the project. On the flip side, Virginia and Tennessee officials have signed off on incentives and infrastructure packages related to Amazon offices in those states.

“The question is whether it’s worth it if the politicians in New York don’t want the project, especially with how people in Virginia and Nashville have been so welcoming,” a person familiar with Amazon’s plans told the Post.

The state senate recently appointed Gianaris to the Public Authorities Control Board, where he could ultimately veto Amazon’s plans. Meanwhile, city council members last week pressed executives on their plans and criticized Amazon for being an anti-union company coming to a pro-labor city. Protestors also disrupted the hearing.

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Apple will pay the teenager who discovered the Group FaceTime bug

Apple will pay the teenager who discovered the Group FaceTime bug

Grant Thompson, who discovered the Group FaceTime bug, with his mother Michele Thompson.

ASSOCIATED PRESS

Apple has said it will pay the teen who discovered the Group FaceTime bug that let you listen in on someone before they answered a call. Grant Thompson, a 14-year-old high school student from Tucson, Arizona, discovered the flaw around two weeks ago while setting up a group chat with friends playing Fortnite. His mother Michele Thompson said she repeatedly tried to contact Apple about the issue through email and social media to no avail. The company got in touch with her a week ago, once news of the bug had gone viral online, by which point it had taken Group FaceTime offline.

Apple issued a fix for the FaceTime bug just hours ago in its iOS 12.1.4 security update. The release notes for the patch credit Thompson alongside another individual identified as Daven Morris from Arlington, Texas. Apple has confirmed that it plans to compensate the Thompson family and provide an additional gift toward the teenager’s education, according to Reuters.

Details of the payment have not been released, though Apple does offer up to $200,000 in cash bounties as part of its bug bounty program. The company formally launched the initiative (an industry norm) in 2016 and reportedly invited a batch of security researchers to take part in it. Luca Todesco — a 19-year-old who was hailed as the first person to jailbreak an iPhone 7 — was apparently among those who got the call. Earlier that same year, Facebook paid a $10,000 bug bounty to a 10-year-old Finnish kid who figured out a way to delete other users’ comments from Instagram’s servers.

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A crypto exchange may have lost $145 million after its CEO suddenly died

A crypto exchange may have lost $145 million after its CEO suddenly died

Quadriga, Canada’s biggest cryptocurrency exchange, said it’s unable to gain access to $145 million of bitcoin and other digital assets after Gerald Cotten, its 30-year old CEO and co-founder, died of complications arising from Crohn’s Disease while traveling in India.
Many of the digital currencies held by Quadriga are stored offline in accounts known as “cold wallets,” a way of protecting them from hackers. Cotten appears to have been the only person with access to the wallets, according to court documents cited by Canadian media and posted online by cryptocurrency news site CoinDesk.
Bitcoin is 10 years old. But it won't go mainstream until it's regulated
The unusual case highlights the risks investors face looking after their assets in the thinly regulated industry.
Cotten’s death has plunged Quadriga into crisis and left it struggling to figure out how to refund more than 100,000 of its users.
The company filed for creditor protection in the Nova Scotia Supreme Court on Thursday.
“For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets,” Quadriga said in a statement on its website. “Unfortunately, these efforts have not been successful.”
Cotten’s widow, Jennifer Robertson, said in the affidavit posted online that the laptop that Cotten used to run the currency exchange is encrypted.
“I do not know the password or recovery key,” she said. “Despite repeated and diligent searches, I have not been able to find them written down anywhere.”
Beyond bitcoin: the other cryptocurrencies you should know too
The company has hired tech experts in an attempt to hack into Cotten’s laptop and other devices to retrieve the missing cryptocurrencies, but Robertson warned that at least some of them “may be lost.”
Quadriga also owes about 70 million Canadian dollars ($53 million) in cash that it’s unable to pay back, she said, citing difficulties accessing funds through the traditional banking system.
Quadriga and a lawyer representing Robertson didn’t immediately respond to requests seeking comment late Monday.
A court hearing on Quadriga’s financial difficulties is scheduled for Tuesday in Halifax, Nova Scotia.
While the case is unusual, it isn’t the first time the cryptocurrency industry has been hit by security concerns. Hundreds of millions of dollars’ worth of digital currencies have been stolen by hackers over the past few years.
The spectacular boom and bust in the prices of bitcoin and other cryptocurrencies have presented a quandary for governments around the world, which have taken differing approaches in trying to regulate their use.

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Twitter banned 2,600 Iran-linked accounts for election meddling

Twitter banned 2,600 Iran-linked accounts for election meddling


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Since September, Twitter has suspended 2,617 accounts linked to Iran, it said in a report on its US midterm election efforts. Some of the accounts claimed they were American news outlets and discussed US political and social issues. Twitter claims it proactively suspended most of the accounts prior to Election Day.

Overall, though, Twitter says it saw far less foreign “platform manipulation” than around the 2016 election. It suspended 418 accounts that seemed to have ties to Russia’s notorious Internet Research Agency — in the fall, Twitter said it previously kiboshed 3,843 accounts it suspected were linked to the agency. Before Election Day, it also culled “764 accounts engaged in malicious automation located in Venezuela, some of which tweeted about the 2018 US midterm election.”

Notably, Twitter and Facebook worked together to snuff out organized disinformation efforts. Facebook revealed Thursday it had taken down 783 accounts, pages and groups across Facebook and Instagram that exhibited “coordinated inauthentic behavior […] directed from Iran.”

“We’re actually able to move more quickly and remove these larger networks,” Facebook’s cybersecurity policy chief Nathaniel Gleicher told the Financial Times. “It’s an encouraging example of the type of collaboration we’re hoping to build across industry.” He also noted the companies are sharing notes on fake news campaigns earlier than they used to.

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Fidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages

Fidelity Cryptocurrency Platform Enters ‘Final Testing’ Stages

American financial services giant Fidelity said that its cryptocurrency trading and custody platform is in the “final testing and process refinement periods” in a Medium blog post on Jan. 31.

Per the announcement, the firm is currently providing services to a small, select group of clients while it continues to build the platform’s infrastructure. The firm states:

“Our initial clients are an important part of our final testing and process refinement periods, which will eventually enable us to provide these services to a broader set of eligible institutions.”

Fidelity announced the development of a crypto platform with the the launch of a new company, Fidelity Digital Asset Services, in October 2018. Fidelity then stated that the new company will offer custody and trade execution services for digital assets, targeting institutional investors like “hedge funds, family offices and market intermediaries,” and will not for now be open to retail investors.

In today’s announcement, Fidelity notes that its development team has been working with auditors in order to ensure regulatory compliance and “adapt existing operational processes” to the new cryptocurrency-oriented platform.

Custody services are commonplace in the traditional finance sector, and offer investors a place to store assets like money, securities, and commodities like gold and diamonds so that they are not lost or stolen. Custody services differ from banks in that they are not allowed to use the stored assets for their own gain. Major firms like JPMorgan, BNY Mellon and Northern Trust offer custody services.

Earlier this week, unnamed sources told Bloomberg that the crypto custodial service could launch by March 2019.

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Ethereum Classic Movements Halted by Coinbase on Signs of Attack – Bloomberg

Ethereum Classic Movements Halted by Coinbase on Signs of Attack – Bloomberg

Ethereum Classic Movements Halted by Coinbase on Signs of Attack  Bloomberg

Coinbase Inc., one of the world’s largest cryptocurrency exchanges, said it halted the movement of customer funds on the blockchain that backs Ethereum …

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Alienware will beat HP to sell the first laptop with a 240Hz display

Alienware will beat HP to sell the first laptop with a 240Hz display


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Earlier this week, HP said it would be the first to release a laptop with a 240 Hz display, but according to Dell, that’s not quite the case. The company has announced that its Alienware m15 lightweight gaming laptop will also have a 240 Hz display and will arrive in March, ahead of the July date that HP promised. It will also have a refresh rate below 1 millisecond, all of which should make for pretty incredible gaming performance.

Alienware didn’t reveal the screen’s resolution, but you can pretty well guarantee that it’s 1080p. And if you’d rather more resolution and brighter colors, it can be had with a 4K OLED display, instead. Whichever way you go, performance will be pretty incredible for a 4.76-pound laptop, as it can be equipped with an Intel Core i9 CPU, up to 32GB of RAM and an NVIDIA GeForce RTX 2080 Max-Q GPU.

There’s no word yet on price, but as mentioned, the OLED and 240 Hz display versions of the Alienware m15 will arrive sometime in March, a bit later than the other models. To be fair, HP did have the news first, but I’m not sure that really counts.

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A well-known cryptocurrency may have just suffered a confidence-breaking attack

A well-known cryptocurrency may have just suffered a confidence-breaking attack

A major cryptocurrency exchanges said Monday that it had suspended movement of widely known token ethereum classic after it detected a potential attack on the digital coin’s underlying technology.

said it had detected a so-called “chain reorganization” in which nearly $500,000 worth of ethereum classic was spent twice — an anomaly that is extremely rare for cryptocurrencies, but represents one of the biggest threats to the technology’s success.

It could have been the result of what is known as a 51 percent attack, exposing a potential flaw in the cryptocurrency’s underlying technology known as the blockchain.

In essence, Coinbase is saying that a malicious party may have been able to wrest control of more than 50 percent of ethereum classic’s network, and therefore was able to dominate decisions about what did and didn’t belong on the digital coin’s blockchain — the digital ledger that depends on a widely distributed consensus of users to record the asset’s history.

In theory, the records on a blockchain cannot be altered because enough disparate parties are incentivized to maintain an accurate accounting of who owns what. But a 51 percent attack can change that calculus, allowing someone to falsify transactions and spend the same holding more than once, fundamentally damaging the usefulness of a digital payment system — and people’s trust in it.

Proponents of blockchain technology often talk up the security of the network, but a 51 percent attack is one of the flaws. They are currently quite rare but have occurred in some instances, particularly with smaller cryptocurrencies. Last year, litecoin cash and zencash both suffered 51 percent attacks. The size of a cryptocurrency’s network is thought to therefore be a defense: it becomes prohibitively expensive to take over more than half of a gigantic distributed system.

As of Tuesday morning, ethereum classic had a market capitalization of more than $500 million. That pales in comparison to bitcoin’s nearly $70 billion market cap, but still means the token ranks in the top 20 cryptocurrencies measured by CoinMarketCap.

The price of ethereum classic was down more than 7 percent at around 1 p.m. HK/SIN.

Ethereum, the cryptocurrency without “classic” in its name, is the world’s second-largest digital token, with a market cap of more than $15 billion, according to CoinMarketCap.

The team behind ethereum classic said Coinbase did not try to connect with it and it’s still an “ongoing process.” In a separate Twitter post, the team said it was not trying to downplay the events but there is more work to be done to uncover what happened.

“Facts are facts and as the situation develops we’ll soon get a full picture of what actually took place,” the ethereum classic Twitter account tweeted.

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Bitcoin price: Cryptocurrency expert reveals why he thinks bitcoin will RALLY this year

Bitcoin price: Cryptocurrency expert reveals why he thinks bitcoin will RALLY this year

expert and UK Managing Director at Etoro, Iqbal Gandham, said the cryptocurrency is likely to see a surge due to a better understanding of the underlying technology involved in the digital asset. Bitcoin price stood at $4,012.08 at 17:30 (GMT) on Monday, according to coinbase. It saw its highest value before Christmas 2017 when it reached the monumental price of just under $20,000. Speaking on Sky News, Mr Gandham said: “Bitcoin is the so-called ‘daddy’ of the crypto-asset market.

“It is just as other companies are dragged down by stocks performing in the FTSE 100, whether they are positive or negative, people look at bitcoin as a bit of an index.”

He explained why he thought bitcoin price dropped at the start of 2018. Mr Gandham said: “I don’t think it is interest rates but I think in November 2017 the price was $8,000.

“So from $8,000 to $4,000 that’s only an eight percent decline. But from $20,000 I think there was momentum-driven pricing in December. And I think that momentum was a bit too quick.”

The cryptocurrency expert then insisted “underlying technology” will be the reason bitcoin’s price rallies this year.

He said: “If you have a look at the amount of developers and the development happening in the underlying blockchain technology and also bitcoin, it is increasing. It hasn’t declined.

“And I think if people understand the technology rather than just view the price point – they will understand that this is not something that is just going to go away.”

But some cryptocurrency experts have had more modest forecasts for bitcoin in 2019.

Calvin Ayre, who is founder of Bitcoin Cash and now the face of Bitcoin SV, believes Bitcoin will plummet to zero in 2019.

Speaking to Express.co.uk, the crypto entrepreneur said his outlook does not “reflect an overall bearish attitude towards crypto but more a belief that Bitcoin has now been superseded by more scalable technology and solutions”.

Misha Libman, co-founder of blockchain art laboratory Snark.art, instead urged a word of caution to those attempting to predict the price of wildly unpredictable assets such as bitcoin.

He said: “Every morning I wake up reading about the rise and decline of crypto and I am fascinated by the incredibly technical and visually sophisticated graphs predicting its future that borderline an art project.

“Ultimately we are dealing with a new technology and new asset that is highly speculative, illiquid, and elusive, and drivers for its rise and fall is anyone’s guess and can be attributed by the media to anything from Federal Reserve’s interest rate hikes to SEC regulations to market fever.

“But without a doubt I believe that blockchain and cryptocurrencies have a place in our future and the rollercoaster volatility that we are seeing today is something we are going to have to live with for a while until we will start using crypto to buy chewing gum.”

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Facebook Users Value the Service More Than Investors Do

Facebook Users Value the Service More Than Investors Do

Users of the social network said they’d require payment of more than $1000 to quit the platform for one year. Christopher Intagliata reports.

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