Bitcoin

Cryptocurrency extortion scheme targeted Seattle startup StormX, report says – GeekWire

Steven Nerayoff (second from right) tweeted the above photo of himself alongside StormX founder Simon Yu (third from right) and COO Arry Yu (second from left) in March 2018. “Great friends in blockchain are immutable!” he wrote in the caption. Nerayoff was arrested this week for extorting a company reportedly identified as StormX. (Photo via …

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Craig ‘Satoshi’ Wright to appeal $5B bitcoin court ruling

Craig Wright, the man who on several occasions has claimed to be bitcoin creator Satoshi Nakamoto, is appealing a court ruling that ordered him to hand over around $5 billion in bitcoin to the estate of former business partner David Kleiman. Southern District Court of Florida magistrate Bruce Reinhart ruled in late August that Wright (pictured) should not …

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An Explanation of Why Bitcoin’s Scarcity May Give It Value in 2020 and beyond

Bitcoin, like gold, cannot simply be created arbitrarily, it is limited and finite supply to a max of 21 million Bitcoins, ever. Gold’s supply has historically increased at around 2% per year. Bitcoin’s supply will increase less than 2% starting at the 2020 halving, and will go to less than 1% a year after the …

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Bitcoin is Bad, Blockchain Is Revolutionizing, Says VMware CEO

“Bitcoin as its implemented and implementation of blockchain and distributed ledger I assert is bad,” says VMware CEO Pat Gelsinger. “Its purpose is almost all illicit and it’s an environmental crisis. This is a terrible implementation of blockchain. I’m not saying that blockchain is bad. I think it is revolutionizing. This is breakthrough innovative technology …

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Bitcoin’s Highs and Lows: Where to Next?

Since the critical acclaim of Bitcoin and digital currencies in 2017, there has been a lot of talk about its future. Bitcoin was the first digital currency to attract mainstream attention, and after that, 2018 was less than glamorous, with the price plummeting. Are cryptocurrencies a thing of the past already, or a Hard Trend …

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Bitcoin is Worthless, Says Shark Tank’s Kevin O’Leary

Shark Tank star Kevin O’Leary is not a fan of Bitcoin. He talked about a transaction where he tried to buy property using Bitcoin in Switzerland. “Try and do a transaction of $100,000 in Bitcoin,” says O’Leary. “I tried to do some real estate in Switzerland with it once. It is a useless currency. They …

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A Facebook Coin is Probably the Next Big One, Says Blockchain Capital Co-founder

“For multinationals to issue their own currencies and request that their consumers purchase in that particular currency is not that outlandish,” says Blockchain Capital co-founder Gavin Brown.  “So perhaps with multinationals being what they are the fact that they are able now digitally and technologically to issue their own currencies and request their consumers to …

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If Bitcoin Becomes a Storer of Value Then it Will Be Over 100,000 in a Few Years

“Bitcoin today is around $60 billion so I think it has the opportunity to replace gold as the dominant storer of value in which case it can go up a hundredfold from where it is today,” says Lou Kerner, a founding partner of Crypto Oracle Strategic. “This is just a better storer of value and …

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Bitcoin is More of a Collectible

The co-founder of crypto security firm BlaKFX says that Bitcoin was a great proof of concept and will be around for a long time, but it’s more of a collectible. “You need to have common liquidity pools,” says Kara Coppa, BlaKFX co-founder, and COO. “If you can’t move your money from fiat to crypto and …

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Blockchain the Technology is Overhyped, but Not Bitcoin

If you’re not very confident in global stability you should be long on Bitcoin says tech mogul Geoff Lewis. He says blockchain the technology continues to be somewhat overhyped, but at this point, he thinks bitcoins are probably relatively underhyped. Geoff Lewis, the founder of Bedrock Capital and an early tech investor in many companies including Lyft, recently …

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We Need to Build an Economy That is Actually Using Cryptocurrencies

Bitcoin.com founder and CEO Roger Ver is incredibly bullish on the entire cryptocurrency ecosystem despite recent reports of hacking. He says that if it wasn’t worth something or wasn’t useful hackers wouldn’t be wasting their time trying to hack it. Ver is focused on the bigger picture of taking cryptocurrency mainstream. He says that we need …

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