Speculators flocked to Bitcoin and many of the alt-coins in hopes of getting in early and making a big exit, but everyday users haven’t warmed to cryptocurrencies. There are many reasons why, but one of the largest barriers to mainstream adoption is the price volatility of cryptocurrencies. So the question is, why do the prices change so much in the first place? It comes down to supply… Read More
A quixotic, and slightly dubious, quest.
As a civil war over the future of bitcoin simmers, a new kind of blockchain offers a more peaceful way to bring democratic rule to cryptocurrency. The post A Plan to Save Blockchain Democracy From Bitcoin’s Civil War appeared first on WIRED.
The technology underlying bitcoin could fuel powerful systems for forecasting the future—and create a digital feed for facts. The post Forget Bitcoin. The Blockchain Could Reveal What’s True Today and Tomorrow appeared first on WIRED.
But they have some conditions.
Next month, Blockchain Capital will build a new venture capital fund using a bitcoin-like digital token instead of dollars The post The Initial Coin Offering, the Bitcoin-y Stock That’s Not Stock—But Definitely a Big Deal appeared first on WIRED.
The Winklevoss twins lost out on Facebook, and now they’ve lost out on bitcoin.
The Securities and Exchange Commission on Friday denied an application from brothers Cameron and Tyler Winklevoss — depicted by Armie Hammer in The Social Network — to create an exchange-traded fund for bitcoin.
An ETF would track the price of bitcoin and make investing in the cryptocurrency more attractive to Wall Street. For weeks ahead of the SEC decision, the price of bitcoin soared on the expectation that major Wall Street interest could be ahead. At one point, one bitcoin was worth more than an ounce of gold. Read more…
An investment fund was denied, and price is plummeting.
Wall Street is a Darwinian battle for the almighty dollar. But Richard Craib thinks his AI-powered hedge fund will soar if everyone can just get along. The post An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source appeared first on WIRED.
Here are the proofs that Coinbase does give a 10% Bonus ($10) for the first $100 worth of Bitcoin purchased….
A new kind of hedge fund bets that bitcoin is way more valuable if you don’t think about it mainly as money. The post Bitcoin Will Never Be a Currency—It’s Something Way Weirder appeared first on WIRED.
Outspoken Overstock CEO Patrick Bryne delivers the stock market’s “Sputnik moment.” The post Overstock Begins Trading Its Shares Via the Bitcoin Blockchain appeared first on WIRED.
They can’t see his data. He can’t see them. But Richard Craib believes the blind can lead the blind to a better hedge fund. The post 7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund’s Brain appeared first on WIRED.
A major bitcoin exchange has decided to stop selling the digital currency that was supposed to transform money on the internet. So what happens next? The post The Future of Bitcoin Is Not as a Digital Currency appeared first on WIRED.
Bitcoin hasn’t freed currency from the grip of governments just yet. But cross-border commerce may be the blockchain’s killer app in the here-and-now. The post Stellar Emerges From Shadow of Bitcoin to Find a Home Overseas appeared first on WIRED.
Gavin Andresen now thinks we should all ignore Craig Wright.
The legal debate over bitcoin is getting tricky across state lines.
Is bitcoin money? A judge in New York on Monday ruled it is.
The ruling followed an opposite conclusion in Florida in July. A judge in that state dismissed charges of illegally transmitting and laundering $1,500 in bitcoin on the grounds that bitcoin wasn’t a currency.
This time around, US District Judge Alison Nathan declined to dismiss charges against Anthony Murgio for operating an unlicensed bitcoin exchange. Murgio had argued to have his charges dismissed because bitcoins did not qualify as “funds” noted in federal law forbidding unlawful money transmitting, according to Reuters. Read more…
Each Saturday during the college football season ESPN hosts College GameDay, an pre-game show with a bunch of football experts and hundreds of screaming college kids in the background. Today one of those screaming college kids was Sam Crowder, a student who brilliantly decided to hold up a sign with his Venmo username asking his mom to send him beer money. Cue the Internet, and instead of… Read More
But is it for real?
Bitcoin may not change the world on its own, but the technology that runs the virtual currency very well could.
That’s what the World Economic Forum determined in a report released Friday. The group, best known for its annual meeting in Davos, Switzerland, includes various members of the global financial elite. A wide range of banking, consulting and financial executives from Deloitte, JP Morgan Chase, Deutsche Bank, Barclays and other firms contributed to the yearlong project.
“Our findings suggest this technology has the potential to ‘live-up to the hype’ and reshape financial services, but requires careful collaboration with other emerging technologies, regulators, incumbents and additional stakeholders to be successful,” the report said. Read more…