Blockchain 

99% of Token Price Is Pure Speculation, Says This Blockchain CEO

Speaking at a panel today at BlockShow Asia 2019, VeChain founder Sunny Lu suggested that token value is mostly arbitrary. The panel was titled “Creating Token Value — Are Monetary Gains Hindering Blockchain Innovation?” and it also included Eddy Travia, co-founder and CEO of Coinsilium; Matthew Roszak, chairman & co-founder at Bloq; Greg Wasserman, co-head of principal investing at Galaxy Digital; and Dr. Pavel Kravchenko, CEO & co-founder of Distributed Lab. But Lu’s commentary broke through: “99% of a [token’s value] is linked to speculation, and not to the value…

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Bitcoin 

Bitcoin Price Will See $16,000 ‘Soon-Ish,’ Predicts Binance CEO CZ

Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1. Zhao explains that price predictions are easy, but getting the timing right is hard.  He said: “Lol, price predictions are easy. It’s just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.” The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous…

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Bitcoin 

CEO Of Zimbabwean Crypto Exchange Loses Password to Bitcoin Cold Wallet

Tawanda Kembo, the founder and CEO of the Zimbabwean cryptocurrency exchange Golix, claims to have lost the password to one of the exchange’s Bitcoin (BTC) cold wallets. On Nov. 1, local news daily iHare reported that the CEO of Zimbabwe’s first cryptocurrency exchange allegedly lost the password in May of last year. IHare wrote that the “password fiasco” was confirmed by two separate sources familiar with the matter.  CEO loses access to 33 Bitcoins The story of the lost password follows reports that financial regulators at the Reserve Bank of…

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Blockchain 

Binance CEO Changpeng Zhao to Speak at Turkish Summit Alongside Gov’t Bigwigs

Changpeng Zhao, CEO of major cryptocurrency exchange Binance, will be speaking at the Turkish Capital Markets Summit 2019. On Nov. 1, Cointelegraph Turkish reported that Zhao, also known as CZ within the crypto community, will be going to Turkey to attend and speak at the Capital Market Summit, which will be held in Istanbul from Nov. 19–20, 2019. The event also includes members of Turkey’s presidential administration. Dr. Ali Taha Koç, the Head of the Digital Transformation Office of the Presidency of the Republic of Turkey and Arda Ermut, the…

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Bitcoin 

Bitmain CEO Ousts Co-Founder, Biggest Shareholder to ‘Save the Ship’

Altcoin Bitcoin Cash (BCH) has surged 10% in the past 24 hours after it emerged mining giant and major supporter Bitmain had fired a senior executive. Wu to staff: do not talk to Micree Ketuan Zhan In a translation of an email from Oct. 29 quoted by crypto news outlet CoinDesk, Bitmain co-founder Jihan Wu said that fellow co-founder Micree Ketuan Zhan had left the company. “Bitmain’s co-founder, chairman, legal representative and executive director Jihan Wu has decided to dismiss all roles of Ketuan Zhan, effective immediately,” it reportedly read.…

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Blockchain 

WeChat Pay Using Blockchain to Track Payments, Says Binance CEO

Binance CEO Changpeng Zhao (CZ) took to Twitter on Oct. 25, saying that he had “got word” that WeChat Pay puts receipts on the blockchain, along with a screengrab of a receipt with a link to a block explorer. Why does CZ care so much? Globally, companies in almost every industry are implementing blockchain solutions, so why should CZ feel the need to comment on this one? Perhaps it has something to do with a story from earlier this month, in which CZ announced the launch of payment on-ramps for…

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Blockchain 

CEO Jack Dorsey On Twitter Joining Libra: “Hell No”

Jack Dorsey, CEO of Twitter and Square, made it crystal clear that Twitter will never join Facebook’s Libra project. “Nothing within Libra had to be a cryptocurrency” On Oct. 24, per a Twitter thread by Hollywood Reporter editor Alex Weprin, who was covering an event at Twitter’s New York office, Jack Dorsey made it abundantly clear that Twitter will stay a million miles away from Facebook’s plans to launch its Libra stablecoin in 2020. The Twitter CEO reportedly gave a straightforward answer to the question if Twitter would ever consider…

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Ethereum 

FATF’s Regulations to Push Criminals to Privacy Coins: CipherTrace CEO

Financial Action Task Force’s (FATF) crypto regulations will trigger a shift of criminal activity from Bitcoin (BTC) to privacy coins, CipherTrace’s CEO says. Criminals mostly use BTC and ETH to date David Jevans, CEO of major crypto transaction tracking firm CipherTrace, has shared his remarks about criminal use of cryptocurrencies at a panel held by blockchain advocacy group, the Chamber of Digital Commerce on Oct. 21. During the panel, Jevans claimed that well-known cryptocurrencies such as Bitcoin and Ether (ETH) are currently the most popular among criminal actors to date…

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Bitcoin 

Bitcoin Privacy Is the Only ‘Big Question’ for Devs, Says Poolin CEO

Bitcoin (BTC) needs to become more resistant to governments as a priority, the CEO of one of its biggest mining pools has said. Pan: Privacy is Bitcoin’s “real problem” In an interview with cryptocurrency media outlet Bitcoin Magazine quoted by Forbes on Oct. 17, Poolin’s Kevin Pan suggested privacy should form an essential focus for Bitcoin development. “The real problem with Bitcoin may be privacy. There is no other big question if the privacy issue is solved,” he summarized. Pan was commenting as cryptocurrency-related transaction privacy returns to the spotlight…

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Ethereum 

Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

Founder and CEO of crypto investment firm BKCM Brian Kelly has said that Bitcoin (BTC) exchange-traded funds (ETF) are hardly needed for the ecosystem’s development, given that the coin is already available on regulated platforms such as Fidelity and TD Ameritrade. Kelly made his remarks during an interview with CNBC published on Oct. 11, explaining:  “You have companies like Fidelity and TD Ameritrade starting to push into this space. So ultimately you’re going to be able to buy Bitcoin in a regular brokerage account, or it’s going to look like…

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