Remember Paragon? ‘Revolutionizing Cannabis With Blockchain’ Token Down 96%

Paragon, the outfit which raised over $70 million in an ICO to build a “social network of cannabis startups,” has lost 96 percent of its market cap. Doing Nothing With Blockchain Perhaps the latest example of the “irrational exuberance” of the 2017 ICO rush, Paragon (PRG) , which had the backing of US rapper The Game and an infamous video to match, currently has a token market cap of just $2.7 million. The project was

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Negotiating Bitcoin Ransomware With Cyber-Criminals as a Service

Negotiating Bitcoin Ransomware With Cyber-Criminals

Despite oft-repeated advice to never pay in response to a ransomware attack, the reality is that this is not always a possibility. However, the desire to pay as little as possible has given rise to companies like Coveware. They act as negotiators between victims (their clients) and the criminals targeting them. A Business Case While it may seem counter-intuitive to attempt to negotiate with these cyber-criminals, ransomware generally comes in one size. This certainly does not fit all

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3 Steps Bakkt Will Take to Become a ‘Regulated Institution,’ According to CEO

Bakkt

The CEO of Bakkt shed some light on the steps it will take to differentiate itself on the market and become a regulated financial institution. Physically Delivered Bitcoin Via Regulated Infrastructure In a blog post of September 18, Kelly Loeffler, CEO at Bakkt, revealed the project’s intended steps to address the “unique requirements of regulated institutions, their clients and stakeholders.” According to the chief executive, Bakkt takes advantage of the time-tested, existing, and entirely regulated infrastructure

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“Crypto Is Not Dead” Says Allianz Chief Economic Adviser

“Crypto Is Not Dead” Says Allianz Chief Economic Adviser

Despite the fact that the cryptocurrency market has lost over $600 billion of its capitalization since January, the Chief Economic Adviser of Allianz maintains that it’s not even close to being dead. “Crypto Is Not Dead” 2018 has been rough for cryptocurrencies as the total market shrank from near $800 billion in January to $199 billion at the time of writing. Bitcoin (BTC) has lost around 60 percent of its total value, while Ether, the

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Nailed It? Cryptocurrency Chart Exactly Follows ‘Bottom’ Call By Mike Novogratz

Serial investor and Bitcoin bull Mike Novogratz perfectly called the “bottom” in cryptocurrency, data reveals as markets trend upwards September 14. Novogratz: September 12 Was ‘Low’ As Bitcoinist reported Thursday, cryptocurrency market indices hit 80 percent versus all-time highs this week, outperforming the dotcom boom implosion of the early 2000s for the first time. At the time, Novogratz eyed the Bloomberg Galaxy Crypto Index chart, noting current levels mirrored those at which the ascent to

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John McAfee Announces ‘Anti-Corruption’ Alliance Against HitBTC Exchange

John McAfee

HitBTC hit the news again, passively this time after its competitor CoinBene made an anarchist announcement against the #7 exchange. Any cryptocurrency that will voluntarily choose to leave HitBTC will be welcomed for free on CoinBene. John McAfee’s War Against HitBTC John McAfee said that he’s keeping the pressure on cryptocurrency exchange HitBTC after rival exchange CoinBene announced a new partnership with the McAfee alliance to fight corruption in the cryptocurrency space. https://twitter.com/coinbene/status/1039557469998120962 The same event announced a

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Blockchain DNA-Testing Lets Patients Sell Their Data

DNA-Testing on Blockchain Lets Patients Sell Their Data

Recently, there has been a significant uproar surrounding many DNA testing companies after some of their data-selling deals began making the news. In the current climate, the blockchain healthcare startup TimiDNA has set itself apart from most of the industry by respecting the privacy of their clients and granting them ownership over their genetic data. With biotechnology becoming a valuable information technology, DNA data can expose some pretty intimate details of who we are. For

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Robinhood is Making Millions Selling Users’ Data to Financial Companies

No Such Thing as a Free Lunch: Robinhood User Info Sold

The low-cost Robinhood investing app popular with millennials makes up for the lost profits of commission-free trades by selling users’ data to other financial companies. What’s the Logic of Robbing Peter to Pay Paul? A Second Quarter SEC filing shows that Robinhood Financial (Robinhood) is actually making millions of dollars from selling users’ data to high-frequency trading (HFT) firms. Recall, this is the same company that espouses values of ethical trading practices that benefit the

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SEC Shuts Down Crypto Hedge Fund for ‘Wilfully’ Violating Securities Laws

The US Securities and Exchange Commission (SEC) has formally issued a cease and desist order to a cryptocurrency hedge fund for violating securities laws. Under the Gun The SEC has filed a cease and desist order as well as a $200,000 fine to Crypto Asset Management LP (CAM) and to its founder Timothy Enneking, CNBC reports. According to the Commission, the fund which had proclaimed itself as the “first regulated crypto asset fund in the

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Charlie Lee Sat Down With CoolBitX To Talk Cryptocurrency Hurdles And Development

Litecoin's Charlie Lee: Buy At Least 1 Bitcoin... Before Litecoin

Charlie Lee and Michael Ou are on the frontlines of cryptocurrency mass adoption, interchangeability, and secure storage options.  ‘Being Your Own Bank’ In a recent fireside chat, Litecoin CEO Charlie Lee and CoolBitX CEO and founder Michael Ou sat down with Thomas Hu, founder of Kyber Capital, Kyber Intelligence, and Kyber Base. Lee and Ou both cite speedy and efficient mass adoption as a primary goal and mission in order to elevate cryptocurrency as a viable

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