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Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab. United States-based payments firm Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab, according to a tweet from Gab Jan. 8. The move was reported just after Gab announced that the firm had sent an email to its user base promoting Cash App and Bitcoin (BTC). In a tweet today, Gab announced that it has sent over 850,000 emails to its users, introducing them to “free speech money: Bitcoin.” The screenshot of the firm’s email generally describes alleged censorship measures that have been taken against “influential alternative media personalities and companies,” but also calls on users to use BTC as a “censorship-resistant free speech money and payment processing.” Further in the letter, Gab also directly recommends and evidently links to Square’s Cash App for transactions with BTC. The firm also announces it h..
Litecoin founder Charlie Lee has fired community debate in a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Litecoin (LTC) founder Charlie Lee has fired community debate with a tweet alleging that “some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists.” Lee’s Jan. 6 post argued that: “Some self-proclaimed Bitcoin Maximalists are actually Bitcoin Extremists. They think all other coins are scams and will go to zero. Maximalists think Bitcoin is and will remain the dominant cryptocurrency but there is room for altcoins to exist and even do well.” Lee also opened a Twitter survey, which has drawn over 24,300 votes as of press time and is due to expire in 6 hours, inviting users to identify as either a “Bitcoin Extremist,” “Bitcoin Maximalist,” “Altcoin Maximalist,” or “Nocoiner.” At press time, 9 percent have identified as Bitcoin “extremists,” 48 percent as Bitcoin “maximalists,” 32 percent as altcoin “maximalists,” and ..
The founder of Romanian cryptocurrency exchange Coinflux will reportedly be extradited to the United States. Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States, local media company Mediafax reports Jan. 4. As Cointelegraph reported in December, Călin was arrested earlier on a warrant from the U.S. for organized crime, money laundering and fraud allegedly conducted through his cryptocurrency exchange. Călin has been reportedly arrested by the U.S. authorities after a note from a secret service agent accused him of knowingly helping to launder proceedings of criminal activity committed on the territory of the United States. According to the most recent report by Mediafax, Anatol Pânzaru, Călin’s lawyer, has declared before the Bucharest Court of Appeal that the conditions of the treaty on judicial cooperation between Romania and the United States have not been met. Furthermore, Pânzaru has claimed that his client had no way of kn..
In a frank interview with mainstream media, Stellar CTO Jed McCaleb appeared skeptical of any cryptocurrency beyond Bitcoin, Ethereum or Stellar. Most financial institutions will not use Bitcoin (BTC), payment network Stellar’s co-founder and CTO Jed McCaleb stated in an interview with Yahoo Finance Dec. 31. Speaking to the online news outlet, McCaleb — who is also known as one of the founding fathers of defunct Japanese Bitcoin exchange Mt. Gox, as well as the co-founder of Ripple — made an argument in favor of the use of permissionless, open blockchains in finance. He told reporters bluntly: “It doesn’t need to be the bitcoin blockchain, but if it’s not a public chain, then you’re missing the point.” McCaleb also levelled criticism at cryptocurrency projects that were not Bitcoin, Ethereum or his own Stellar. “Ninety percent of these projects are B.S. I’m looking forward to that changing,” he said when asked about the outlook for the cryptocurrency industry in 2019, continuing: “Thi..
The co-founder of Ethereum, Vitalik Buterin, has always been an active member of the cryptocurrency community. Recently, Buterin rebutted criticism from a Bitcoin advocate, Tuur Demeester, who threw shades at the Ethereum network. On Twitter, the Bitcoin advocate posted that Ethereum is a science experiment propelling Buterin to release a series of tweets to correct the notion. Tuur Demeester Blasts Ethereum Tuur Demeester has always been skeptical of Ethereum. This is why it wasn’t surprising on Friday when he posted a 50-part thread on Twitter regarding the matter. He stated many reasons why he is skeptical about Ethereum. One of them is that he considers the underlying Ethereum culture and architecture as the direct opposite of the Bitcoin architecture. He said that Ethereum has been unable to achieve full immutability and decentralization as it tries to stand as a smart contract platform, a store of value an and asset insurance platform all at the same time. Ethereum (ETH) Price..
Joseph Lubin, Ethereum’s co-founder, has declared we have reached “the cryptobottom of 2018” in a recent tweet. Joseph Lubin, co-founder of major cryptocurrency Ethereum (ETH), declared that he is “calling the cryptobottom of 2018” in a tweet Dec. 21. According to Lubin, the crypto market’s bottom “is marked by an epic amount of fear, uncertainty, and doubt,” specifically from industry media and social commentators, which he refers to as “our friends in the 4th and crypto-5th estates.” Continuing in a Twitter thread, the founder of Ethereum blockchain-focused software firm ConsenSys then evidently addressed his firms recently reported major layoffs: “ConsenSys remains healthy and is engaging in a rebalancing of priorities and activities which started about nine months ago.” He stated that Consensys continues investing in projects — in its role as a blockchain tech incubator and venture firm — and hiring for internal projects that “remain core to our forward looking-business.” In the s..
Circle co-founder Jeremy Allaire believes that crypto valuations will increase, and BTC will be worth “a great deal more” than it is now. Jeremy Allaire, co-founder of crypto finance company Circle, told CNBC in an interview Friday, Dec. 14, that Bitcoin (BTC) will be worth “a great deal more” than it is now. When asked about the Bitcoin price in three years, Allaire told Squawk Box host Andrew Ross Sorkin that he does not make “significant price predictions,” while adding, “I think it is certainly going to be worth a great deal more that it is today.” Allaire also stated that while Bitcoin is attractive as a non-state store of value, a slew of other tokens will enter the space, and the bases of their valuations will be diverse. He further explained: “I do not think it's a winner-take-all [situation]. We have the phrase ‘the tokenization of everything,’ and we think cryptographic tokens are going to represent every form of financial asset in the world. There will be millions of t..
Everyone knows that this year has been tough for Bitcoin and the cryptocurrency market as a whole. The bears have taken full control of the market despite several bullish attempts to break out of the trend. A few weeks ago, Bitcoin was commended for low volatility but the bears quickly showed up and pushed the price down by 11% within a 24 hour period. This marked one of the most intense sell-offs in the market this year. Bitcoin (BTC) Is Not Going To Decline Indefinitely During Fast Money on CNBC, Brian Kelly, the CEO and co-founder of BKCM, said that the bearish pressure on BTC and the market as a whole is not going to last forever. In fact, he said that the current price decline was caused because of the ongoing dispute in the Bitcoin Cash community. The ongoing civil war is between the proponents of the Bitcoin Cash development team. One camp is in support of the Bitcoin ABC protocol while the other camp is supporting Bitcoin SV. During the seat down, Kelly said: SEE ALSO: Crypto..
Unsubstantiated reports quoting a lawyer from Bitcoin mining giant Bitmain suggest co-founder Wu no longer has executive power. Bitmain co-founder Jihan Wu is reportedly no longer able to influence corporate decisions at the mining firm, Chinese industry media outlet Sanyang Blockchain reported Nov. 13. Citing an unnamed “financial news” source, Sanyang quotes a lawyer for Bitmain, Tian Yangang, saying that as a result of the redistribution of positions at the company’s executive board, Wu had been demoted from being a “director” to a “supervisor.” “After changing to a supervisor, there are no voting rights, so [Wu’s] power is smaller and [he] cannot participate in the business decision-making of the enterprise,” a rough translation of his comments reads. The news comes three months after Bitmain received a $18 billion valuation ahead of plans to launch an IPO. The move has seen Bitmain court controversy over its financial health, with speculators considering the company’s vast Bitco..
SEC settles all charges against the founder of EtherDelta, Zachary Coburn. The founder has agreed to pay the sum of $300,000 in disgorgement along with $13,000 in prejudgment interest with a $75,000 penalty. Ethereum (ETH) Price Today – ETH / USD Name Price24H (%)$202.57 -0.82% The United States SEC announced that it has settled it’s charges against founder of digital token trading platform, Zachary Coburn. This represents the SEC’s initial enforcement action which is based on reports that a digital token trading platform was operating as an unregistered national securities exchange. The order from SEC The company, EtherDelta, is a online platform that promotes secondary market trading of ERC20 tokens. This is a type of blockchain based token that is issued mainly in initial coin offerings. The order revealed that Coburn allowed the platform to run as an unregistered national securities exchange. The online platform offered its users a marketplace for both sellers and buyers for d..
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