Cryptocurrency

LedgerX announced Friday that co-founder and former chief technology officer Zach Dexter has been named the new CEO of the bitcoin derivatives company. The company suspended CEO Paul Chou and COO/CRO Juthica Chou last month, with no explanation. The two were also co-founders of the company. Depository Trust and Clearing Corporation vice chairman Larry Thompson
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Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved to be a reliable price indicator in the past.  The leading cryptocurrency is currently trading above $7,700, having hit eight-month lows below $6,500 in mid-December. While the bounce is encouraging, the cryptocurrency remains trapped in a six-month-long
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Ethereum developer Virgil Griffith has been indicted by a grand jury for conspiracy to violate the International Emergency Economic Powers Act (IEEPA) after speaking at a cryptocurrency conference hosted by the North Korean government last April. Griffith was initially arrested on Thanksgiving at Los Angeles Internation Airport after FBI Special Agent Brandon M. Cavanaugh alleged
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If bitcoin is digital cash and ethereum is digital law, Urbit is digital land.  The highly ambitious cloud computing project imagines nothing less than a rewiring of the internet, allowing users, not corporations, to own their online identities and data. While most blockchain projects rely on Amazon Web Services and other behemoths for essential infrastructure,
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Enterprise software vendor R3 has won a patent for a blockchain-based record system designed to make corporate information-sharing more efficient. Awarded Tuesday by the U.S. Patent and Trademark Office, the patent describes a “system and method for managing transactions in dynamic digital documents” that would provide companies with a shared distributed ledger to supply relevant
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Libra, the much-scrutinized proposed cryptocurrency from Facebook (NASDAQ:FB), has “failed in its current form,” according to Swiss President and Finance Minister Ueli Maurer. Swiss President Critical of Libra Basket Maurer, who is in the final days of his year-long term as President of the Swiss Confederation, was speaking to the country’s national TV network SRF
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An organization that combats corporate fraud will issue guidance for firms using blockchain technology. The Committee of Sponsoring Organizations of the Treadway Commission (COSO), commonly referred to as the Treadway Commission, will issue guidance to strengthen controls over uses of blockchain in supply chain management and financial services. The Wall Street Journal reported first on
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A security researcher was able to use a bug in the Twitter Android app to identify millions of Twitter users, connecting their phone numbers to their Twitter IDs. The exploit could expose failures in the company’s two-factor authentication system and give other security developers pause. According to a TechCrunch report, the researcher, Ibrahim Balic, created
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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ouriel Ohayon is CEO of KZen Networks, maker of the keyless ZenGo crypto wallet. This year Tel Aviv played host to its first Blockchain Week, a sign that the
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The American Cancer Society (ACS), a non-profit organization committed to funding cancer research, is now accepting bitcoin donations through BitPay. “Cancer affects people from all walks of life, so it’s not surprising that we draw support from a broad cross-section of donors,” ACS exec Brant Woodward told CoinDesk. “Our mission is urgent and in order
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