Crypto news

Ray Dalio is making many friends in the crypto community after sounding the alarm about the perilous conditions in the financial system. In a post entitled “The World Has Gone Mad and the System Is Broken,” the billionaire hedge fund manager outlines why something has to give amid unsustainable circumstances comprised of free money, government deficits,  underfunded pension and healthcare systems, and a rising wealth gap. Dalio mentions bitcoin zero times. But he strikes the right...

Ripple is trapped in a heavy lawsuit, but the plaintiff – a customer named Bradley Sostack – has ultimately run out of time when it comes to responding to the company’s notion to dismiss, and it’s unclear where things will go from here.Where is the Ripple Suit Headed?The lawsuit stems not just from Sostack, but from several customers who seem to think that Ripple is a security and failed to appropriately register. They claim that the company has employed false advertising and that the...

The European Central Bank is reportedly considering to launch its public digital currency. This move may be regarded as a direct response to the announcement of Facebook’s Libra.EU to Launch A Digital Currency?As reported by Reuters, the draft states that the European Union should consider launching a public digital currency by working closely with the European Central Bank. Purportedly, an official from the ECB has said that such a project would allow customers to use electronic cash, which...

The IT company that backs Coca-Cola’s bottle manufacturing supply chain processes is apparently getting into blockchain technology.Dubbed Coke One North America (CONA), the company claims its pilot project that they are evolving together with software provider SAP is going to be widened from two to 70 of the manufacturers who are delivering the 160,000 bottles to Coca-Cola shops daily.The company said on Tuesday that this blockchain project is focusing on improving distribution for all of the...

An Illinois man provides proof of his $500,000 in lottery winnings and claims he put half of them in bitcoin. Reddit roasts the man with crypto memes and says he made several crucial mistakes. Either way, his investment has already paid off with an almost 100% return. An Illinois man who won the lottery earlier this year has invested half of his winnings into bitcoin. The man who posted the score via Reddit confirmed on Monday that he had purchased roughly $178,000 worth of BTC back...

So, who is Satoshi Nakamoto? This is a question that has been on the minds of several cryptocurrency enthusiasts for many years, and it has proven to be the constant enigma.Has Satoshi Nakamoto Finally Emerged?Among the people claiming to be the mysterious creator of bitcoin is Australian tech developer Craig Wright, though his claims have often been frowned upon or dismissed by analysts and the public. Recently, Wright was sued by the brother of one of his deceased BTC developers who claimed...

VeChain (VET) approaches $0.005 on Tuesday for the first time since Aug. 12. VeChain co-founder and CEO Sunny Lu will deliver a keynote address at The Capital, an upcoming industry conference hosted by CoinMarketCap. The broader cryptocurrency market consolidates slightly higher as the majors reported modest gains. VeChain’s token value surged on Tuesday, reaching its highest level in almost three months after CoinMarketCap confirmed that the supply-chain management company will...

In a recent development, Huawei, the Chinese-owned telecommunications giant, has worked out an agreement with the People’s Bank of China’s Digital Currency Research Unit. This was made known on Nov. 4 via an announcement on the company’s WeChat channel. The announcement didn’t offer any additional information concerning the agreement, neither did it suggest any joint research on digital currencies or blockchain technology.Huawei Fully Invested in BlockchainFor the past few years, Huawei has...

Not only is the Equilibrium framework holding its Crypto DeFiance conference in Singapore on November 16, but they’ll award $5,000 to any team or individual who can come up with a great idea for a decentralized finance application.The company will host its first ever DeFi Brainstorm 2019, a competition of DeFi ideas, as part of its conference, but the action begins far before the conference takes place. Equilibrium will accept contest applications from November 1 through November 15....

Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen?Bitcoin: Manipulated By a Single Person?This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of...