Category: Business / Blockchain and Cryptocurrency

July 12, 2019

President Trump Is the Latest Critic of Facebook’s Libra

In a series of tweets late Thursday, the president attacked cryptocurrencies and said Libra “will have little standing or dependability.”

by Gregory Barber in Business
July 11, 2019

The Hard-Luck Texas Town That Bet on Bitcoin—and Lost

China’s Bitmain said it would build the world’s largest bitcoin mine in Rockdale, Texas. Then the price of bitcoin plunged, taking with it the town’s hopes for a revival.

by Mark Dent in Backchannel
July 10, 2019

The Fed Chair Says Facebook’s Libra Raises ‘Serious Concerns’

Federal Reserve Chair Jerome Powell is the latest regulator questioning Facebook’s plan to launch a cryptocurrency.

by Gregory Barber in Business
July 9, 2019

How a Blockchain Could Help Roll Out Berkeley’s Next Fire Truck

Berkeley is considering a plan to finance big projects with “minibonds” that would be sold, and interest credited, via a blockchain system.

by Gregory Barber in Business
July 4, 2019

‘Mirror Worlds’ Creator Wants to Displace Facebook—With Blockchain

Computer science professor David Gelernter envisaged social networks long before Facebook. Now, he wants to reclaim the concept, using blockchain technology.

by Gregory Barber in Business
June 27, 2019

The Cypherpunks Tapping Bitcoin via Ham Radio

For a small group of bitcoin enthusiasts, the internet is a vulnerability. They’re using satellites, ham radios, and mesh networks to stay current on the cryptocurrency.

by Gregory Barber in Business
June 24, 2019

Angry Nerd: Come On! We Can’t ‘Decentralize’ Everything!

Legal scholar Angela Walch calls it the “veil of decentralization,” a way for companies to obscure responsibility for their creations.

by Gregory Barber in Business
June 4, 2019

This Case Could Change How the SEC Regulates Cryptocurrencies

The SEC filed a complaint against social media company Kik, claiming that it improperly marketed its 2017 initial coin offering as an investment vehicle.

by Gregory Barber in Business
May 30, 2019

Cryptocurrency Firms Renew Push to Break Free From SEC Rules

Kik has started a crowdfunding campaign to support its legal battle, asserting that its kin coins are not securities.

by Gregory Barber in Business
May 14, 2019

Microsoft Wants to Protect Your Identity With Bitcoin

Microsoft announced plans to use the bitcoin blockchain to create a “digital identity” that could be used to access sites and apps across the internet.

by Gregory Barber in Business