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Facebook’s Libra cryptocurrency: where are the banks?

When looking at a new money or payments system meant to replace an old one, one need only look at who is missing from the list of partners to understand what is being replaced. In the case of the Facebook-led Libra Association, which was unveiled…

Litecoin Creator Invited to Talk Crypto at $4.6M Warren Buffet Lunch

Tron’s Justin Sun has announced that his first ‘plus one’ for the Warren Buffet charity lunch will be Litecoin Founder, Charlie Lee. The Litecoin creator tweeted that he was ‘excited about this opportunity to meet a legend’. We believe this refers to Buffett rather than Sun.…

Proof of Work: The tide is turning for state power

The following newsletter is republished with permission from Eric Meltzer of Primitive Ventures, a global venture investment firm with a focus on blockchain and related technologies. You can follow Eric on Twitter at @wheatpond and subscribe here to Proof of Work. Normally I try to…

Want a stock price bump? Put ‘blockchain’ in your financial statements

For what’s felt like ages we’ve been enmeshed in a persistent drip of media headlines touting investments made by well-established Fortune 500/100 companies in pursuit of an often sought but never quite attained blockchain solution.   Even in the deepest depths of the recent bear…

Proof of Work: DeFi needs a little more “De”

The following newsletter is republished with permission from Eric Meltzer of Primitive Ventures, a global venture investment firm with a focus on blockchain and related technologies. You can follow Eric on Twitter at @wheatpond and subscribe here to Proof of Work. Hi from Beijing! This…

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto…

Why Are Bitcoin and Avocado Prices Eerily Mirroring Each Other?

We’ve seen the correlation between avocado and bitcoin prices before. So do Trump’s new measures against Mexico indicate a ‘buy’ signal? Looking at Bitcoin/Avocado demographics, millennials may indeed be the key ingredient.  Avocados & Bitcoin – A Match Made In Heaven? As tweeted by crypto-entrepreneur Jen…

Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?

Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet. All these statements are true. But, despite all the benefits that Bitcoin is expected…

Op Ed: Debunking Bitcoin Myths, The ‘Intrinsic Value’ Fallacy

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against Bitcoin. One of the earliest criticisms of Bitcoin was that the underlying token in the system had no intrinsic value. This point was an area of heavy debate among libertarians…

BCH vs. BTC: Which Offers Greater Privacy?

Do you want every person you ever transact with to know how much is in your wallet and your net worth? Of course not. That’s why you need and want to mix your coins to hide where they came from before you use them. The…

Why Facebook’s Foray into Crypto Could be Fruitless

Mainstream media was abuzz last week with the news that Facebook has plans to launch its own digital token, ‘GlobalCoin’. This highlights the ignorance that big news outlets have, as Facebook really is ill-suited to have anything close to what we consider cryptocurrency. Cryptocurrency by…

Op Ed: How Fiat Could Fall and Bitcoin Could Soar

Argentina’s Failed Peg In the 1990s, the Argentine peso was pegged to the U.S. dollar. This meant that the Argentine government guaranteed that anyone could exchange one Argentine peso for one U.S. dollar. If you had 1,000 Argentine pesos in your bank account, you could…