Early investor in Tesla, Skype and Hotmail says Bitcoin will be bigger than all those combined
Speaking at the Intelligence Squared U.S. debate, renowned venture capitalist Tim Draper said Bitcoin will be bigger than his investments in Telsa, Hotmail and Skype combined, while reiterating his estimates that a single BTC will be worth $250,000 by 2022. He also said that purchasing a coffee with fiat in the future will be commonplace and that staff would laugh if customers tried to pay with old money. Draper purchased 30,000 bitcoins in a 2014 U.S. Marshals Service auction.
Read more at CNBC.
It’s a knockout! SEC charges third founder of Floyd Mayweather-backed cryptocurrency
Raymond Trapan, the co-founder of cryptocurrency firm Centra has been charged by the US SEC for masterminding a scheme which duped investors into believing they had partnerships with major credit card companies such as Visa and MasterCard. The initial coin offering raised $32 million and was endorsed by boxer Floyd Mayweather.
— Floyd Mayweather (@FloydMayweather) September 18, 2017
Read more at CNBC.
Total Market Cap smashes through $400 billion
The total cryptocurrency Market Cap has exceeded $400,000,000,000 with a 24hr hour volume of $26,591,855,442 and current volume of $418,414,019,607.
See the current Market Cap at https://coinmarketcap.com/
Iran’s banks banned from dealing in crypto-currencies
The government owned central bank of Iran has banned financial instituions from dealing in cryptocurrencies, stating concerns that the technology could be used by criminals to launder money.
Read more at BBC.
Bitcoin Lightning Network matures with record 2000 Nodes, $150K Capacity and over 7000 active channels
The Lightning Network has almost doubled its capacity in two weeks this month as more and more users expand the protocols usage.
Read more at Bitcoinist.
Incoming heavyweights – one in five big financial institutions are getting ready to trade crypto
According to a survey by Thomson Reuters, one if five institutional financial firms are planning to trade in cryptocurrencies within the next 12 months, more specifically Ethereum, Ripple and Bitcoin are among the most popular. The Bitcoin landing page of Thomson Reuters’ Eikon data terminal is the second most visited page.
Read more at Quartz.
Crypto crackdown lands India’s central bank in court
Kali Digital EcoSystems has challenged the Reserve Bank of India’s clampdown on financial institutions in the Delhi High Court, on two grounds of the 1950 Indian constitution: Under Article 19(1) (g), which allows citizens to enjoy the right to carry on any occupation, trade or business; and Article 14, which prohibits discrimination and mandates equal protection under the law for all. The Reserve Bank of India is aiming to stop other banks and institutions working with cryptocurrencies.
Read more at inc42.
Goldman Sachs explores crypto trading with new hire
Justin Schmidt has been hired by Goldman Sachs as VP and Head of Digital Asset Markets to potential head its crypto trading desk in the future. According to his Linkedin profile, Schmidt was senior VP at Seven Eight Capital and portfolio manager at LMR Partners.
Read more at Tear Sheet.
Are our feline pets behind the bitcoin craze?
A scientific hypothesis on how our feline friends infected with toxoplasmosis are driving humans to buy Bitcoin was presented at last night’s BAHFest at MIT 2018.
Read more at Reddit.
Walmart is getting suppliers to put food on the Blockchain
To improve transparency and reduce waste, Walmart is trying to encourage suppliers to use Blockchain technology. Speaking at the MIT Technology Review’s Business of Blockchain conference in Cambridge, Massachusetts, Vice President of food safety and health for Walmart, Frank Yiannas said blockchain technology was able to cut the time it took to track various types of produce to two seconds from six days.
Read more at Bloomberg.
Binance to create employment opportunities for Uganda’s youth in blockchain
The world’s largest cryptocurrency exchange Binance is planning to use its influence in the blockchain sector to help Uganda in its economic development. It hopes to create new employment opportunities for the Ugandan youth and drive investments from the blockchain sector in the East African country.
Read more at TheNextWeb.
Swiss Post goes Blockchain with Modum
Modum has partnered with Swiss Post to deliver an industry-leading, temperature-monitoring solution that enables regulatory compliance for shipments containing medical and other temperature-sensitive products.
Read more on the Modum blog.
Track crypto prices with your lightbulb
You can now reduce the amount of time spent at your computer checking the Bitcoin prices by hacking your light bulb to glow red/ green or yellow. Get the code on GitHub.
Nasdaq-Listed company Xunlei faces class-action for disguising ICO
Nasdaq-listed technology firm Xunlei has become the subject of multiple class-action lawsuits from investors who purchased the company’s digital token, Linktoken. Xunlei is accused of misleading investors to disguise an initial coin offering (ICO) through which Linktoken was distributed.
Read more at Bitcoin.com
Blockchain could help Opiod crisis
BlockMedx aims to reduce the number of opioid overdose deaths with Blockchain technology. It aims to solve the identity and security flaws that are contributing to the current crisis, specifically where prescriptions are forged and duplicated. In 2016 around 64,000 Americans died from a drug overdose.
Read more on BlockMedx’s Medium blog.
LinkedIn cofounder Eric Ly launches ICOHub to eliminate ICO scammers
Co-founder and former CTO of LinkedIn, Eric Ly recently launched Hub, Human Trust Protocol to help strangers safely interact on the internet and build digital reputations based on their transaction history.
Read more at VentureBeat.