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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Breaking Crypto-Summit Stereotypes — Consensus: Singapore 2018

Breaking Crypto-Summit Stereotypes — Consensus: Singapore 2018

A New Global Arena Initially a hub for blockchain, cryptocurrency, and blockchain-related projects for North America, this year’s second edition of Consensus is taking place in Singapore. Whilst attracting more than 8,000 attendees, with more than 50% of those being from outside of the United States, Consensus Singapore 2018 aims to become an answer to the growing global demand for specialized content and enhanced networking opportunities to satisfy the evergrowing appetite for development of the

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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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Bank of America Charges Clients 6000 Times More in Fees Than Bitcoin

sheep sheer fees

While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions, data from Bank of America (BoA) shows traditional fiat transfers cost 6000 times as much. $90K Transfer: $45 With A Bank, 75 Cent With Bitcoin BoA, along with other domestic US institutions, makes use of the Federal Reserve’s money transfer network FedWire, which charges them a maximum of 83 cents to process a payment. According to its public figures, however, BoA charges

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First Bentley Bought With Bitcoin in the US

Bentley

Two weeks ago, Houston hospitality mogul, Tilman Fertitta, announced that his luxury car dealership would accept bitcoin and bitcoin cash. Well it seems like the market was ready for the move, as he has already found his first bitcoin customer. First Bentley Bought With Bitcoin Post Oak Motor Cars is a dealership for Rolls Royce, Bugatti and Bentley, along with a selection of high-end pre-owned models. It recently partnered with payment processor BitPay to “allow

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‘Illusionary’ Customer Protections: NY Attorney General Dampens Bitcoin ETF Hopes

cboe bitcoin etf

Following a recent report of New York State’s Attorney General, an economist believes that the document confirms “zero” chances of a Bitcoin ETF approval in 2018. ‘Odds of Bitcoin ETF Approval in 2018 = 0’ A new report of the New York States Office of the Attorney General (OAG) Barbara D. Underwood, outlined the issues which existing cryptocurrency exchanges face compared to traditional venues. According to the document, digital currency exchanges are up against serious problems

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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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‘Very Scary’: Bitcoin Core Developers Confirm Duplicate Transaction Bug Fix

Bitcoin Core

Bitcoin developers released a new version of the Bitcoin Core client September 18 after fixing a “very scary” bug which could have seen a malicious party take many nodes offline. Upgrade ‘As Soon As Possible’ In release notes for Bitcoin Core version 0.16.3, Wladimir van der Laan confirmed the vulnerability, known as CVE-2018-17144, had received an effective patch. The Bitcoin Core client remains the most popular comprising over 94% of all Bitcoin software implementations today.  “A

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Smart Contracts Becoming an Essential Tool for Business

Smart contracts are becoming an important part of conducting business. In the global payroll space, the technology can rid companies of redundant bureaucracy.  The world of business is increasingly global, but some borders persist. Laws, directives and ways to enforce them change from country to country, rendering international business unnecessarily complicated. This complication translates into a waste of many work hours. Those hours are spent trying to comply to the different legislation and make sure

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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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