Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment

Twitter and Square Inc. CEO Jack Dorsey expressed optimism about cryptocurrency’s role in the future of payments, saying that “the internet deserves a native currency” and “it will have a native currency,” Bloomberg reports May 16. At the Consensus conference on Wednesday, Dorsey shared crypto enthusiasts’ vision that virtual currencies are the future of a legitimate means of global payment. He said that he doesn’t know whether it will be Bitcoin (BTC), but “I hope it will be.” Dorsey said: “This technology is a fundamental shift to our world and…

Bermuda Signs MOU with Blockchain Project Shyft for $10 Mln in Economic Development

The Government of Bermuda has recently signed a memorandum of understanding (MOU) with Shyft network which provides blockchain-based ID solutions for Know-Your-Customer (KYC) and anti-money laundering (AML) compliant data transfers, Shyft reported in a blog post May 15. NEWS: Shyft Signs MOU With The Government Of Bermuda, Pledges To Invest $10M In Education And Economic Development https://t.co/0YpifGCFpc #consensus #blockchain #bitcoin Great day for our team, @josephweinberg @BermudaPremier, and @trunomi team ⚡ pic.twitter.com/35fUHcJS6I — Shyft (@shyftnetwork) May 15, 2018 According to the MOU, Shyft network will spend up to $10 mln…

SEC Launches Mock ICO to Show Investors Warning Signs of Fraud

Office of Investor Education and Advocacy at the US Securities and Exchange Commission (SEC) has launched a fake initial coin offering (ICO) website,  according to a press release May 16. The goal of the site is to increase awareness of the typical warning signs of scam ICOs and to promote investor education. SEC Investor Ed office launches mock ICO website: https://t.co/ZP9hyrfCsP #howeycoins #ICO — SEC_News (@SEC_News) May 16, 2018 The mock website HoweyCoins.com represents a classic example of a fraud ICO website that touts an “all too good to be…

Microsoft’s Bing Bans Crypto Advertising

Bing Bans Crypto Advertising: Microsoft’s Bing browser has banned crypto-advertising. Microsoft now joins the ranks of several other companies that have done the same, including Facebook (NASDAQ:FB), Google (NASDAQ:GOOG) and Twitter (NYSE:TWTR). All three companies implemented their bans on cryptocurrency advertising earlier this year and have said in some form or other, that the decision will ensure the safety of their users from deceptive advertising. The ban includes cryptocurrency advertising and advertising for cryptocurrency related products and will be updating its financial products and services policy to include this new decision.…

HPE, Nokia Tap Streamr To Allow Consumers To Monetize Blockchain Tokenized Data

Join our community of 10 000 traders on Hacked.com for just $39 per month. Nokia and Hewlett Packard Enterprise have teamed with a Swiss startup called Streamr that will enable consumers to control and market tokenized data collected by Internet-connected devices, according to Fortune. The partnerships, announced at the Consensus conference in New York, signal emerging efforts to use blockchain technology to empower consumers. Streamr will tokenize the data in a cryptocurrency called DATAcoin which raised more than $30 million last year in an ICO. Prototype Developed HPE has already developed…

The SEC Just Launched a Fake ICO Website to Educate Investors

The U.S. Securities and Exchange Commission wants to ensure investors can identify fraudulent initial coin offerings – even if it has to launch its own to do so. The regulator announced Wednesday it has launched a mock ICO called HoweyCoin, presumably named after the Howey Test, which “touts an all too good to be true investment opportunity.” However, the company notes, “the offer isn’t real.” Users who try to invest in the token sale will instead be redirected to the regulator’s education tools, which are aimed at pointing out the…

Circle App Raises $110 million & Introduces its Own Crypto-Dollar at Consensus 2018

Circle App – Boston-based fintech company Circle, has its sights on making a faster and better digital version of the U.S. dollar. The start-up company announced its new digital token that would be pegged to the US dollar yesterday at Consensus 2018. Circle founders @psneville and @jerallaire took the stage at #Consensus2018 earlier today to announce Circle USDC, a price-stable tokenized US dollar coin. Learn more about it here: https://t.co/8fZN6vDryb — Circle (@circlepay) May 15, 2018 Circle also announced that it raised $100 million in their Series E round which…

Blockchain.com Hires Author of First Cambridge Crypto Course to Head New Research Team

Cryptocurrency data resource and wallet provider Blockchain.com announced it had hired a Cambridge academic as its new head of research May 16. In a blog post, Blockchain.com revealed that Garrick Hileman, author of multiple cryptocurrency research publications, would “lead a new research arm aimed elevating block chain (sic) technology to its full potential.” The move marks the second high-profile hire for the company in weeks, April seeing ex-Goldman Sachs executive Breanne Madigan join as head of institutional sales and strategy. While the career pivot seems a natural progression for Hileman,…

Bitcoin Price Declines To Nearly $8k Amidst Bing Crypto Ad Ban

May 16: Crypto markets have seen a sharp decline over the past 24 hours with almost all of top 100 coins listed on Coinmarketcap (CMC) in the red. Market visualization from Coin360 After losing the $9,000 support on May 11, Bitcoin (BTC) continued its fall, now approaching the $8,000 level. Having lost almost 3 percent of its value in 24 hours to press time, the original cryptocurrency is currently trading at $8,288. Despite this most recent fall, Bitcoin has seen over 3 percent gains over the last 30 days, according…

Amazon Launches Blockchain Cloud Partnership With Ethereum Studio ConsenSys’ Kaleido

Join our community of 10 000 traders on Hacked.com for just $39 per month. Amazon has partnered with blockchain incubator ConsenSys to enable its customers to build and manage their own blockchain platforms in an easy-to-use manner with ConsenSys’ Ethereum-based cloud platform called Kaleido. The move is part of an effort to make blockchain, the technology underpinning bitcoin, more accessible to customers of Amazon Web Services, the cloud-computing arm of Amazon.com. “Introducing Kaleido to AWS customers is going to help customers move faster and not worry about managing blockchain themselves,”…