“While its CEO once called bitcoin a fraud, U.S. banking giant JPMorgan Chase has added its first cryptocurrency exchange customers, Coinbase and Gemini.” | learn more
He created the Bitcoin mixer Helix, which obfuscates the origin of the cryptocurrency. The DOJ considers this a “money transmitting and money laundering business.” This major potential precedent could (should?) drive more U.S. developers to build anonymously. | learn more
“Akon says he has signed an agreement with the government of Senegal to build a city with a cryptocurrency-based economy named Akon City.” | learn more
Imagine you own an apartment complex. You’re awoken late one night by a barrage of panicked tenants: a criminal snuck in and changed each and every lock. Worse, any attempt to pick or change the locks releases a stink spray […]
Brian Armstrong also posted this set of predictions. “In short, I think over the next decade we’ll see a blockchain, that is both more scalable and includes privacy features, reach about 1B users by the end of the decade (up […]
This TechCrunch article offers a nice summary. If you prefer video, check out your fellow subscriber Zack Smolinski explaining Libra on WTTW. | learn more
From TechCrunch: “Facebook is finally ready to reveal details about its cryptocurrency codenamed Libra. It’s currently scheduled for a June 18th release of a white paper explaining its cryptocurrency’s basics…” | learn more
“Citing sources familiar with the matter, [New York Times tech reporter Nathaniel] Popper states that Facebook is seeking a $1 billion sum to develop its cryptocurrency project. He states that seeking outside investment could keep the project more in line […]
The news is interesting, and what’s maybe even more interesting is that the price of the cryptocurrency hasn’t collapsed since. “The heist was the result of carrying out what’s known as a rollback attack, which allowed the attackers to reorganize […]
They had raised $133MM. They’re returning the majority of capital raised to investors who included Bain Capital Ventures, GV, Andreessen Horowitz, Lightspeed Ventures. | learn more