Cryptocurrency News With URL like www.forbes.com

Kin Launches $5 Million DefendCrypto Fund to Take on the SEC
These are the show notes for an'episode'of'the Unchained podcast featuring Ted Livingston of Kik and the Kin Foundation and Patrick Gibbs of Cooley. Listen to the episode'on Unchainedpodcast.com, as well as on'Apple Podcasts, Google Play, iHeart, Overcast, Pandora, Player.fm,Soundcloud, Spotify, Stitcher, TuneIn, and'many other platforms. The Kin Foundation is launching an initiative called DefendCrypto.org with $5 million in order to fund a potential court battle with the'Securities and Exchange Commission, the founder Ted Livingston announced on my podcast, Unchained. "When we speak to people in the industry, we need to stop living under this cloud of fear, what will the SEC think What will the SEC think Because we all know [crypto]is the next mega-trend of technology and by always having to ask ourselves, 'What will the SEC think?,' we are giving ourselves a fundamental handicap to compete on the global stage," he said. "Enough is enough, we need clarity, and the only way we're going to get clarity is if we go to court, so let's do that.

Forbes: Security Tokens Were Supposed To Transform Crypto. So Far, They?ve Flopped. [aka "Bitcoin not Crypto" is slowly sinking in]
The market for security tokens, or traditional securities turned into digital assets, is quiet. In late 2017, while virtually every cryptocurrency was shooting upward, people started gushing about security tokens, or digital coins that could represent traditional investment securities. The underlying idea made sense: creating digital versions of paper documents like private real estate investments and company stock would make them more portable and liquid, driving up demand. Many called it the next mega-trend in crypto. Conferences sprung up entirely focused on security tokens. But fast-forward a year and a half, and progress has stalled. More than 100 security tokens have been created, according to Polymath, a startup that helps companies mint coins. But they're not liquid. In the U.S., just two exchanges exist where these assets trade, and volume is tiny. Openfinance trades only four assets with daily transactions of less than $1 million a day, we estimate. Overstocks Tzero exchange trades a single asset, its own Tzrop token.

Currency Fears Drive Chinese Into Bitcoin
Chinese investors are exiting the yuan for other assets. While nearly 5,000 cryptocurrency fans gleefully gathered at the Consensus conference in New York this week, investors on the other side of the globe appeared to be the ones pulling the levers behind bitcoins seven-day, 40% price surge. Cryptocurrency industry veterans say Chinese investors are trying to exchange the yuan for other assets, like dollars and bitcoin, because they think the yuan will continue to drop. As President Trump has raised tariffs over the past two weeks, the yuan has fallen 2% versus the dollar. Some fear President Xi Jinping will devalue the currency significantly to keep Chinese goods price-competitive for U.S. buyers despite tariffs.

Bitcoin Threatens To 'Take Power' From The U.S. Federal Reserve - U.S. Democrat Congressman Brad Sherman
Bitcoin, which has roared back over the last few weeks after what many feared was a terminal decline since its peak in late 2017, has long been called a threat to the existing financial system and the central banks that run it'though these claims have in the past been largely fringe ideas. The bitcoin price, now hovering around $8,000 per bitcoin, double what it began the year at, is often closely tied to public awareness of cryptocurrencies and the latest bitcoin bull run beginning in early April're-started the public debate on bitcoin. Now, U.S. Democrat Congressman Brad Sherman has urged his colleagues to consider banning bitcoin and cryptocurrencies due to the threat they pose to U.S. international financial power, saying bitcoin needs to be "[nipped] in the bud."

What's Binance Chain Trying To Accomplish And Why Is It Pulling Projects From Other Platforms?
Zhao Changpeng, chief executive officer of Binance, Binance, one of the biggest cryptocurrency exchanges by volume that has seen over $27 billion through its doors in the last 30 days, made big headlines at the end of April when it announced it had launched its mainnet Binance Chain. It then went on to execute the swap of its native token Binance Coin (BNB) off of the Ethereum Blockchain while also launching a decentralized exchange. This move from the progressive cryptocurrency company was intended to help it build a'base for issuing new cryptocurrencies and initial coin offering tokens. With this being the aim, Binance Chain becomes a powerful platform'to help new projects, ICOs and tokens to try to get up and going.

Starbucks, Nordstrom And Whole Foods Now Accept Bitcoin, Just Don?t Ask Them
Cameron Winklevoss pays for coffee at Starbucks using a cryptocurrency he and his brother Tyler, looking on, helped create. (May 2, 2019) It is a freakishly hot May afternoon when Cameron Winklevoss decides to quench his thirst with a tall cold-brewed coffee from Starbucks, and just a little bit of cream, to round it off, as he says. The temperature has shot up 20 degrees since the day before and is 20 degrees hotter than it will be the day after, too. With his twin brother, Tyler, and a small entourage in tow, the 6-foot-5 Cameron abruptly stands up from a proportionately giant boardroom table at the swanky New York offices of Gemini, the brothers cryptocurrency exchange, and makes for the glass door in the glass wall that encloses the immaculately shiny room.

Starbucks, Nordstrom And Whole Foods Now Accept Bitcoin - Forbes
Cameron Winklevoss pays for coffee at Starbucks using a cryptocurrency he and his brother Tyler, looking on, helped create. (May 2, 2019) It is a freakishly hot May afternoon when Cameron Winklevoss decides to quench his thirst with a tall cold-brewed coffee from Starbucks, and just a little bit of cream, to round it off, as he says. The temperature has shot up 20 degrees since the day before and is 20 degrees hotter than it will be the day after too. With his twin brother Tyler and a small entourage in tow, the six foot, five inches tall Cameron abruptly stands up from a proportionately giant boardroom table at the brothers cryptocurrency exchange Gemini's swanky New York offices, and makes for the glass door in the glass wall that encloses the immaculately shiny room.

What's Binance Chain Trying To Accomplish?
Zhao Changpeng, chief executive officer of Binance, Binance, one of the biggest cryptocurrency exchanges by volume that has seen over $27 billion through its doors in the last 30 days, made big headlines at the end of April when it announced it had launched its mainnet Binance Chain. It then went on to execute the swap of its native token Binance Coin (BNB) off of the Ethereum Blockchain while also launching a decentralized exchange. This move from the progressive cryptocurrency company was intended to help it build a base for issuing new cryptocurrencies and initial coin offering tokens. With this being the aim, Binance Chain becomes a powerful platform to help new projects, ICOs and tokens to try to get up and going.

Do We Really Want A More Decentralized Version Of Facebook?
Hong Kong, 5G, Blockchain, Business, Car On May 2nd, social media giant Facebook banned controversial figures such as Alex Jones (Infowars) and Louis Farrakhan (Nation of Islam). Americans enjoy First Amendment rights to say or write opinions that may (or may not) be on the fringe, but are nonetheless protected by the Constitution, and so a discussion was raised in the online community. While Facebook has done so much for in terms of connecting people with their friends and family, finding jobs and forming new relationships, it's currently in-style for people to criticise their "censorship", as claimed.

Survey Finds 27% Of Those Aged 18-34 Prefer Bitcoin Over Stocks
A new poll conducted by Harris Poll on behalf of Blockchain Capital has shown an increase in awareness, the propensity to purchase, ownership, and other metrics regarding the popularity of Bitcoin. A key takeaway from the results of the poll is that interest in Bitcoin is much stronger in younger age groups. This follows a recent report from Adamant Capital that discussed the millennial demographic as a key factor behind Bitcoin's growth potential over the next five years. That Adamant Capital report also covered how bitcoin is likely in the final stages of a bear market. In a blog post, Blockchain Capitals Spencer Bogart compared the recent poll's results with a similar poll that took place in October 2017. It should be remembered that October 2017 was a time of general hysteria in the crypto asset market, which was powered by the bubble in initial coin offerings (ICOs).

Wyoming Makes Digital Assets A Priority: A Hypothetical
Wyoming's SF 125 legislation, which goes into effect July 1, 2019, provides an innovative statutory regime for most commercial transactions involving digital assets. For a full explanation of SF 125 relating to digital assets, two articles on this subject can be found here and here. This article provides a hypothetical that seeks to demonstrate how SF 125 would work in real life. By way of background, Article 9 of the Uniform Commercial Code (UCC) determines which creditor has priority in situations where the same collateral has been pledged to two or more secured creditors. Under Article 9, a secured creditor -- a lender that takes a security interest in the debtor's collateral -- establishes its priority position in that collateral through a process called perfection. When more than one secured creditor holds a perfected security interest in the same collateral, the law must determine which secured creditor has priority in the event that the debtor defaults on its loan.

This Key Part Of Bitcoin's History Is What Separates It From Competitors
There are thousands of different cryptocurrencies in existence today, but bitcoin is still king. In addition to a community ethos that prioritizes stability and soundness over implementing experimental new features, there is one particular event in Bitcoin's history that clearly illustrates why it is still viewed as the gold standard of cryptocurrencies. In 2016, code that was intended to lead to the activation of a Bitcoin improvement known as Segregated Witness (SegWit) was made available via a new release of Bitcoin Core. At the time, this was mainly viewed as nothing more than a technical upgrade (although there was some disagreement regarding how the upgrade should be implemented) that would bring a variety of benefits to the network, including laying the foundation for layer-two payment protocols like the Lightning Network.

Can IBM's World Wire Be The Answer To Cryptocurrency Payments Or Do We Need More Options?
If cryptocurrencies were the flavour of 2017, and 2019 is all about enterprise blockchain usage, then it is also important to note the quiet amalgamation of these two that has been bubbling under: the institutionalised cross-border blockchain payment solution. Everyone knows that one of Bitcoins most significant assets is its borderless nature and that it can be used as a cross-border payment solution. However, the decentralized nature of Bitcoin has hamstrung its widespread adoption somewhat, and several companies have thus spotted a niche in the traditional market. First, there was Ripple, one of only three blockchain-first companies that was recently named in the Forbes Blockchain 50 list, that has made its mandate to partner with large and institutionalised financial institutions and banks. Ripple has, as of January this year, announced over 200 partnerships with well known financial institutions to offer cross-border payment solutions.

Could Amazon Rival Rakuten Trigger The Next Bitcoin Bull Run?
Amazon rival Rakuten, a Japan-based online retailer which has been expanding around the world in recent years, has begun accepting registrations for its new bitcoin and cryptocurrency exchange, Rakuten Wallet'with bitcoin and cryptocurrency investors hoping other technology companies, such as U.S. online retail giant Amazon, will follow suit. Rakuten, a sprawling company with operations across e-commerce, online banking, media and communications, has shown interest in bitcoin and cryptocurrencies for some time, with the company saying last year "the role of cryptocurrency-based payments in e-commerce, offline retail and in peer-to-peer payments will grow in the future."

Coinbase And Visa Are Making XRP, Bitcoin, Ethereum, And Litecoin Payments A Reality
To give you a great browsing experience free of charge, this site uses cookies. Cookies help us personalize content and ads, provide social media features, track your preferences, and analyze traffic. Forbes may share this information with its advertising, analytics, and social media partners, who may use it with information you have provided to them in connection with their services. For more information: Privacy Statement To consent and proceed, click "Continue to Site." Bitcoin and other major cryptocurrencies, including ethereum, Ripples XRP, and litecoin, have long struggled against accusations they are harder to spend and use in the real world than their traditional fiat counterparts.

Coinbase and Visa launch the Coinbase card, a Visa debit card which can be used to spend Coinbase bitcoin, ethereum, XRP, and litecoin balances
Bitcoin and other major cryptocurrencies, including ethereum, Ripple's XRP, and litecoin, have long struggled against accusations they are harder to spend and use in the real world than their traditional fiat counterparts. The bitcoin price, which leaped higher last week to trade around $5,000 per bitcoin, has been called too unstable and volatile to be used as a means of payment, resulting in bitcoin and other cryptocurrencies being used more of a store of value, like gold, than traditional means-of-exchange currency. Now, major bitcoin and cryptocurrency exchange Coinbase has teamed up with global payments processor Visa to try to change that, launching the Coinbase Card which allows users to "spend crypto as effortlessly as the money in their bank."

Lightning Network-Powered Bitcoin and Litecoin Exchange Sparkswap Goes Live With Public Beta
During bitcoins massive price decline in 2018, one of the bright spots of the ecosystem was the development of the Lightning Network, which is effectively a secondary payments layer for Bitcoin with faster speeds and lower fees. Although it is still early days for Lightning, there are some signs that the protocol has already overtaken altcoins in terms of the payments use case. For example, the Lightning Network is more popular than any altcoin at online retailer Bitrefill. While most of the hype around Lightning has been focused on payments and microtransactions, the network may also have tremendous utility for cryptocurrency exchanges because it allows them to be non-custodial.

Litecoin Has Climbed More Than 200% This Year
Litecoin prices have rallied sharply this year, outperforming other major cryptocurrencies.  Litecoin prices have tripled in 2019, climbing higher as the digital currency benefits from numerous tailwinds. The cryptocurrency, which is very similar to its digital sibling bitcoin, reached an annual high of $98.89 on April 3, CoinDesk price data reveals. At this point, the altcoin (a digital currency besides bitcoin) had gained almost 230% year-to-date (YTD), additional CoinDesk figures show. The cryptocurrency has pulled back since then, giving up some of its returns, but reached as much as $90.21 earlier today, still up more than 200% YTD.

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