BitcoinInsider

"For the first time ever," Fortune magazine announced, it "has assembled a supplementary honor roll of the most impressive, young superstars who are transforming business at the leading edge of finance and technology." They've selected forty representatives from all over fintech, and each is under forty years old. Among them are many cryptosphere leaders finally getting their due. Fortune's Most Impressive, Young Superstars List: Crypto Leaders Shine Bitcoin Dominates Fortune's New Ledger 40 Under 40 List Traditionally, Fortune's lists comprise go-getters from all sectors of commerce, be they CEOs or Academy Award winners. Indeed, the magazine just came out with their annual 40 Under 40 list, and for sure cryptocurrency luminaries such as Vitalik Buterin and Brian Armstrong were among them. However, for the first time, this year Fortune supplemented their usual list with a special emphasis on financial technology leaders. Jihan Wu, 32, made the list....

Blockstream is working with former national spies. The question is, why on earth would a cryptocurrency company have the need to employ former spies?  Take a Journey Back in Time if You Would On October 23, 2014, Blockstream goes public and announces funding and the formation of their company. Shortly after Blockstream was incorporated, they received $50 million in venture capital from AXA, Khosla Ventures, Horizon Ventures, etc., some of the most powerful venture firms in the world. The Blockstream board of directors are all bankers. In the Summer of 2015, all of the primary Bitcoin communities such as /r/Bitcoin, mailing lists, Bitcoin Talk, wikis, etc., began massive censorship campaigns against any and all topics that had to do with scaling Bitcoin beyond the 1MB limit which, by the way, was temporarily added by Satoshi Nakamoto back in 2010 as a stop-gap measure to prevent spam in the early days. In December 2015, it quickly became apparent to everyone that Bitcoin was being hot-w...

Two more types of BCH tokenization projects have been announced on July 18, giving the BCH community a wider variety of different ideas that can bring forth the concept of representative tokens into reality on the Bitcoin Cash network. Bitcoin Cash Community Greeted by Two More Token Creation Systems No Matter How You Slice It — Token Assets Are Coming to Bitcoin CashThe Bitcoin Cash (BCH) network has seen a lot of development since the last hard fork which debuted the reenabled Satoshi OP_Codes and the upgraded default data-carrier-size. The BCH community and developers have been bolstering the idea of tokenization on the BCH chain. There's been a bunch of ideas so far with Andrew Stone's GROUP proposal and Joannes Vermorel's Tokeda paper. Then this week Bitmain developers revealed the Wormhole project that utilizes a fork of the Omni Layer. Then on Wednesday, two more token ideas have been introduced for the BCH chain — One concept from the Cryptonize.it developers, and a...

How Coinmarketcap Incentivizes Exchanges to Report Fake Volume Bitforex, a cryptocurrency exchange that scarcely scraped the top 100 by trading volume until recently, has been accused of generating false trades on a mammoth scale. Crypto Exchange Ranks, which pulls in open source data from exchange APIs, has published a report in which it accuses Bitforex of creating fake volume and Coinmarketcap (CMC) of being complicit in the scam. Bitforex, Coinmarketcap and the Case of the Fake Volume How Coinmarketcap Incentivizes Exchanges to Report Fake Volume Everything about Bitforex looks off – including its logo Fake trading volume, defined as buy and sell orders designed to artificially create the impression of demand, are a running motif in the cryptocurrency world. For as long as anyone can remember, various exchanges have been accused of wash trading and inflating their volume. It's the equivalent of a half-empty airliner placing its passengers in window seats to give the impression ...

Just recently a team of programmers announced the creation of a 'Bitreon.cash,' a platform that aims to be similar to the popular membership application, Patreon. This particular platform, however, will be censorship resistant and powered by bitcoin cash (BCH) payments. In order to fund the protocol, two developers have raised 47 BCH so far out of their 100 BCH goal; the funds will be used for marketing Bitreon. Bitreon.cash Aims to Launch a Patreon-Like Platform Powered by Bitcoin Cash A BCH Fueled Version of Patreon is Coming This AugustPatreon is a platform designed by Jack Conte and Sam Yam in 2013, and the membership service provides users with business tools so creators can design a subscription content service. Over the years the service has become very popular and is used by podcasters, Youtubers, artists, musicians, and cryptocurrency luminaries like Andreas Antonopoulos use the service. However, Patreon has its downfalls because it's a centralized service and the ...

Malta-Based Company Launches New Euro Backed Stablecoin, EURS With all the controversy and mistrust surrounding Tether (USDT) it's no surprise that a multitude of new alternatives have popped up recently. The latest example is from Malta where a company seeking a local crypto license has launched a Euro-backed stablecoin, EURS. Stasis Launches EURS Malta-Based Company Launches New Euro Backed Stablecoin, EURSStasis, a financial tokenization platform, has launched EURS, a new stablecoin built on Ethereum's EIP-20 standard and claimed to be backed 1-for-1 by the Euro. The EURS has begun trading on one exchange already, London-based DSX, and the company says that the order volume is projected to reach $500 million by year's end. The company adds that EURS was specifically developed to satisfy growing demand for cryptocurrencies from European institutional investors. "EURS bridges the gap between traditional finance and the cryptoeconomy," commented Gregory Klumov, St...

The Parliament of Malta has passed three bills into law that establish a regulatory framework for blockchain technology, local news outlet Malta Today reported July 4. The bills include the Malta Digital Innovation Authority Act, the Innovative Technological Arrangement and Services Act, and the Virtual Financial Asset Act. Silvio Schembri, Junior Minister for Financial Services, Digital Economy and Innovation within the Office of the Prime Minister of Malta, tweeted about the passing of the bills today, noting that the island nation is a pioneer in providing a solid legal framework for blockchain companies: "The three Bills that will regulate distributed ledger technology (DLT) have been approved by Parliament and enacted into law. Malta , the first world jurisdiction to provide legal certainty to this space." Schembri said that the move taken by the Parliament would put investors' minds to rest as companies now have the necessary legal tools to operate in a regulated en...

A third lawsuit, alleging securities fraud, was filed last week against Ripple Labs Inc, XRPII LLC, and its CEO Bradley Glaringhouse. In 28 pages, the class action suit attempts to make the case XRP is a security: issued, maintained, and supported by Ripple in clear violation of US regulatory laws. Ripple has worked extremely hard to distance itself from its cryptocurrency, XRP, in hopes of avoiding just this scenario.    Ripple Labs Faces Third Securities Fraud Lawsuit Managing partner of Robbins Arroyo LLP, Brian J. Robbins, filed a class action lawsuit against Ripple Labs Inc, XRPII LLC, and CEO Bradley Glaringhouse on behalf of San Diego college senior David Oconer. Signed by fax late June of this year in the San Mateo, California Superior Court, its more than two dozen pages set about making the case Ripple is in clear violation of the Howey Test. Mr. Oconer, through his legal team, stresses how Ripple fought to manipulate the XRP price, including placing tens of millions XRP toke...

RipaEx is a project build on two pillars: 1.      Ripa Exchange : an open source exchange based on the source code of Peatio ( www.peatio.com ) 2.      Ripa Blockchain : a DPOS blockchain with its own XPX token that will serve to share liquidity between all Ripa Exchanges in the Ripa network The development of the project will follow the paradigm: 1.      Ripa Exchange : paid contribution to the community for making a modular, secure and UI responsive exchange starting from the source code of Peatio 2.      Ripa Blockchain : all the latest features of ARK will be merged in our GitHub reposistories, as Ripa Blockchain is an ARK fork we will always entrust ARK as our technology provider and paid contribution will be done for porting ARK features into Ripa codebase (ARK 2.0, libraries, true block weight software, others application…) To make the return of investment to the investors of the RipaEx project we will pro...