Blockonomi News

Bitcoin Billionaires: The Winklevoss Twins Hint at Joining Libra

If you’ve watched “The Social Network”, the semi-fictional story of the founding of Facebook, you know there is clear discourse between chief executive Mark Zuckerberg and founder claimants the Tyler and Cameron Winklevoss (The Winklevoss Twins/The Winklevii). While the story was clearly exaggerated, the Twins and Zuckerberg likely haven’t been on good terms ever since …

Blockonomi News

Legendary Investor: Bitcoin Will Drive Demand for “Real, Hard” Gold

Bitcoin and gold have both had stellar years so far. The cryptocurrency has gained some 200% since the start of the year; gold is up to highs not seen since the wake of the Great Recession of 2008. This comes as a majority of other assets have started to stumble, specifically on the back of …

Blockonomi News

Crypto Exchange INX Aims to Raise $130 Million in Ethereum Token IPO

Cryptocurrency exchange INX Limited is angling to bring a security token built on Ethereum to market, and it’s doing so by trying to become the first company to run its token sale as an “IPO” — or Initial Public Offering — with the graces of the U.S. Securities and Exchange Commission (SEC). IPOs are a …

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Miniscript: Developers Forge New Bitcoin Smart Contract Language

Bitcoin developers Pieter Wuille, Andrew Poelstra, and Sanket Kanjalkar have created a new programming language that can help bitcoin transactions become more versatile. Announced on August 19th to the [bitcoin-dev] mailing list, Miniscript relies on the simple smart contract language already usable in Bitcoin, Script, to extend the conditional possibilities around bitcoin payments through a …

Blockonomi News

RBI & Cryptocurrency Stakeholders Face-Off in Indian Supreme Court

With the looming threat of a blanket cryptocurrency ban in India, both the central bank and crypto stakeholders in the country continued their arguments before the Supreme Court. Counsel representing the crypto side of the tussle argued on Tuesday (August 20, 2019) that the Reserve Bank of India (RBI) had no grounds to ban cryptocurrencies. …

Blockonomi News

Cryptocurrency Exchanges in South Korea at Risk of Bankruptcy Amid Declining Trading Volume

As many as 97% of all cryptocurrency exchanges in South Korea could go out of business following declining trading activities. Reports indicate that blockchain and crypto projects prefer to list their tokens on platforms outside the country blaming the increasingly restrictive nature of the virtual currency trading scene in South Korea. Meanwhile, exchanges are enjoying …

Blockonomi News

Early Bitcoin Adopters & Crypto Community Pounces on New “Satoshi” Claim

Over the past few days, there has been a weird press release circulating the internet. What’s weird, it has been gaining a fair bit of traction. In fact, on the weekend, the GlobalNewsWire release appeared as the leading news item for the “Bitcoin” search term on Google News. Titled “Visionary Bitcoin Creator Satoshi Nakamoto to …

Blockonomi News

Japanese E-Commerce Giant Rakuten: Unveils Crypto Exchange

Imagine Amazon making a foray into crypto. While this is all but a quixotic dream in the U.S. and Europe, an event of this magnitude has just occurred in Japan, known to be one of the most crypto-friendly countries in the world. Confirmed in a press release published on August 19th, Rakuten, the Japanese e-commerce …

Blockonomi News

Facebook Libra Gets Another Competitor: “Venus” by Binance

Heads turned throughout the cryptoeconomy earlier this year when social media giant Facebook unveiled plans for its Libra stablecoin. Heads are turning again now that the crypto space’s own giant brand, Binance, just revealed its own project Libra-inspired project. Announced on August 19th as an initiative to create local stablecoins pegged to currencies from around …

Blockonomi News

Popular Ethereum Sub-Reddit Splits Amid Charges of “Tyranny”

A popular Ethereum sub reddit has undergone a de facto fork of its own. On August 18th, Jeremiah Nichol — a moderator on popular casual Ethereum subreddit r/ethrader — published a post written by five of his peers that announced their collective departure from the forum and creation of the new alternative, r/ethfinance. The six …