Bitcoin Will Prove It Never Had Any Substance, Claims Billionaire Skeptic Howard Marks

Billionaire Howard Marks, the co-founder of Oaktree Capital Management, said bitcoin will eventually fizzle out and prove once and for all that it never had any substance. Marks, whose net worth tops $1.9 billion, made the scathing remarks at the 2018 Delivering Alpha conference in New York on July 18. The annual hedge fund summit is

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Bitcoin Price Has Finally Bottomed: Digital Currency Group Founder Barry Silbert

Seven months into a severe cryptocurrency market downturn, the bears have finally run out of steam, leaving the bitcoin price primed for a breakout. That’s according to Barry Silbert, founder of the Digital Currency Group (DCG), perhaps the cryptocurrency industry’s most prolific investment fund. Speaking with CNBC on Tuesday, Silbert said that the recent surge

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Wells Fargo Patent Envisions a Tokenization System for Sensitive Data

The American multinational financial institution has filed a patent to develop a “system and methods to manage a tokenization manifest.” Wells Fargo Hates Cryptocurrencies, Not Its Technology The San Francisco-based bank hasn’t always been kind to cryptocurrencies. Just last month, CCN reported Wells Fargo’s ban on customers who bought digital assets using credit cards, for

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‘World’s First’ Trade Blockchain Launches in Singapore to Link China and ASEAN Nations

A Singapore-based e-government service provider – notably owned by a government body and a port operator – has launched a blockchain platform focused on cross-border trade between ASEAN nations and China. Singapore-based CrimsonLogic, an e-government solutions provider with a presence in over 20 countries, announced [PDF] details of its ‘inclusive and extensible blockchain service’ that

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Crypto Market Makes Minor Retreat Post-Rally, Ether and Bitcoin Cash Down 5%

After adding more than $20 billion within a 30 minute period, the crypto market has declined in valuation, led by the 5 percent drop of ether and Bitcoin Cash. Over the past 24 hours, the price of Bitcoin Cash, ether, Ripple, and EOS dropped by 4 to 6 percent, while bitcoin remained stable in the

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Exclusive: Binance, Neufund Back ‘World’s First Decentralized Stock Exchange’ in Malta

Another day, another crypto-forward development in Malta, as it backs its promise to become the world’s ‘blockchain island.’ CCN can exclusively reveal that Neufund, a German-based blockchain protocol for securities tokenization and issuance will be partnering with MSX, an innovation vehicle of the Malta Stock Exchange. MSX is also in partnership with Binance which claims to

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Founder of $150 Indian Bitcoin Ponzi Offers Compensation to Victims

The mastermind behind the infamous bitcoin ponzi GainBitcoin has offered to compensate thousands of victims who incurred losses during the scheme which raked in an initial 1,000 crores in cryptocurrency (approx. $150 million). Now under arrest, Amit Bhardwaj has been found out as the kingpin behind India’s biggest cryptocurrency scam. The founder of now-defunct bitcoin

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Cryptojacking Falls in Second Quarter, Coinciding with Crypto Bear Market: Research

This year’s second quarter witnessed a lull in cybercrime, but cybercriminals continue to experiment with ransomware, according to Malwarebytes Labs in its second quarter report. Malware activity posted a decrease in both business and consumer categories in the second quarter, the report noted. But while the volume of activity was lower, the quality of the

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Flooding in Sichuan Province Reveals Hidden World of China’s Small-Time Bitcoin Miners

A special report on the recent floods across China’s Sichuan province has uncovered an extraordinary story of resilience, discomfort, tragedy, and rapidly changing economic circumstances experienced by the the people who make up the world’s largest concentration of small-time bitcoin miners. Put together by Chinese news platform Jiemian, the report follows the story of Li

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Bitcoin’s Killer App is Ransomware, Not Payments: Stripe COO

Stripe, a digital payments provider, took a pioneering role with bitcoin in 2015 when it introduced a tool that allowed merchants to accept bitcoin. This past April, the company discontinued the service. The company’s COO, Claire Hughes Johnson, told Fortune’s Brainstorm Tech conference Tuesday that the reason behind the firm’s abandonment of BTC is that

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