Tag: commentary

Ethereum co-founder Vitalik Buterin lanced a “tweet storm” on December 10, 2018, and briefly noted the non-financial applications of blockchain technology, such as academic degree verification and determining the “integrity of processes.” Alternative Use Cases The extended bear market in 2018 has given cryptocurrency critics and believers alike a chance to assess the far-reaching implications of digital tokens and blockchain…

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The U.S. Department of Defense is currently assessing the viability of blockchain technology for military-related applications, according to a recent report from C4ISRNET, a publication covering technological advancements in the defense sector. In a document published November 19, 2018, the Defense Advanced Research Projects Agency (DARPA) said that it was looking to understand the “Applications and Barriers” to distributed consensus…

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Hosted in Prague, Czech Republic, Ethereum cofounder Vitalik Buterin kicked off Ethereum’s recent Devcon 4 conference by talking about the community’s fourth development phase, Serenity. Dubbed “Ethereum 2.0,” he claimrf that it is a “combination of a bunch of different features that we have been talking about for the past several years. We have been actively researching, building, and now,…

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In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of over 80 percent is “not healthy” for any economic asset….

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According to a report published by Bloomberg, November 26, 2018, the Bitcoin Network’s hash rate has dropped by a whopping 24 percent from its ATH in late August 2018. This, in turn, could force many small and medium scale bitcoin miners to abandon their mining operations due to the inability to breakeven costs. Falling Hash Rate Forces the Miners to…

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An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018. Bitcoin “Evil Spawn” of Financial Crisis Speaking at the Bank…

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The cryptocurrency industry’s market cap recently fell to its lowest state in over a year after a long period of stability. According to a CNBC interview with entrepreneur Alexis Ohanian, published on November 16, 2018, the founder of Reddit believes that the cryptocurrency price crash may be a necessary step for the industry to mature and provide tremendous value over…

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Shares of several cryptocurrency-related companies in Asian markets fell after bitcoin led a sell-off in digital currencies, reaching a one-year low at just over $5,571, Bloomberg reported on November 15, 2018. Asia Crypto-Linked Stocks Fall According to Bloomberg, the fall followed earlier losses among U.S. companies whose businesses are closely related to cryptocurrencies. In Japan, Monex Group Inc., which runs…

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In a report titled, “Freedom on the Net 2018: The Rise of Digital Authoritarianism,” an independent human rights watchdog, Freedom House, has uncovered alarming levels of declining Internet freedom across the world. The Rise of Digital Authoritarianism Freedom House is a non-governmental organization dedicated to upholding democracy and human rights. The organization has been in existence since 1941 and creates…

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A rumor on the Internet about RippleNet integrating with the SWIFT Network gained traction, driving up the price of Ripple’s token (XRP) to $0.55 on November 6, 2018. According to a PYMNT’s article published on November 7, 2018, the rumor was quickly denied by a SWIFT spokesperson who mentioned that SWIFT’s technical update is entirely unrelated to Ripple. SWIFT Denies…

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