Steve Bannon Moves into Crypto – How? Why? Doing What? – Crypto Currency News

Steve Bannon Moves into Crypto – In August of 2017, President Donald Trump decided to remove Steve Bannon from his administration. Since then, Bannon has been the subject of scrutiny. In fact, some have recently gone as far as saying he is a man who disrupted U.S. politics. Now, however, it’s June of 2018, and Steve Bannon has moved on from politics. Specifically, he’s moving onto cryptocurrency. Yes, you heard that right. Steve Bannon is reportedly now involved in the crypto space. Steve Bannon Moves into Crypto On Thursday, Bloomberg reported…

South Korea to Develop ‘Crypto Beach’, Modelled After Switzerland’s ‘Crypto Valley’

South Korea has revealed plans to launch a blockchain center in Busan city modeled on the Swiss Crypto Valley, local news outlet Edaily reported June 14. At a recent blockchain event in Seoul “2018 Global Blockchain Conference,” chairman of the Korea ICT Financial Convergence Association Oh Jung-geun claimed that the organization seeks to build a space similar to the “Crypto Valley” located in the Swiss canton of Zug. “We need a place to concentrate on the cryptographic industry in Korea like the Crypto Valley in Switzerland,” Oh said at the…

Oxford Profs Plan Launch of World’s First Blockchain-Based, Decentralized University

A group of Oxford professors are seeking full-degree granting powers in the EU for the world’s first “blockchain university”, according to an email shared with Cointelegraph today, June 14. According to the team of academics behind Woolf Development, led by Joshua Broggi from the Faculty of Philosophy at Oxford, blockchain tech and smart contracts can help democratize the traditional structure of higher education. The proposed “blockchain university” will adopt the traditional Oxbridge course and collegiate structure by focusing on individual tutorial-led modules that will be available to students either on-…

if Implemented Right, Blockchain Will Dramatically Reduce Costs for Banks

Blockchain technology has the potential to revolutionize transaction banking according to a study by major global management consultancy firm Bain & Company, Cointelegraph auf Deutsch reports today, June 14. According to Bain, “transaction banking revenues tend to be less volatile than other types of banking revenues, and bankers can cross-sell products, which is critical for client loyalty.” Bain concludes in its study that this particular area of banking will change substantially in the future through the use of Distributed Ledger Technologies (DLT), like blockchain: “Using this technology, execution, clearing and…

Kazakhstan’s Int’l Finance Center Supports Crypto Innovation, Calls Regulation ‘Crucial’

The governor of Kazakhstan’s main financial hub has stated that while cryptocurrencies must be regulated, crypto and blockchain innovation will be supported, local news outlet Kazinform reports today, June 14. Speaking at the “Blockchain Conference Astana,” the Astana International Financial Center’s (AIFC)  governor Kairat Kaliyev said specifically that the AIFC is paying special attention blockchain and cryptocurrencies: “The problem of regulation of cryptocurrencies is being discussed very intensively. The AIFC has a solid position on this issue – it is crucial to regulate the circulation of cryptocurrencies.” According to Kazinform,…

Crypto Markets Rebound After News the U.S. SEC Will not Consider Ethereum a Security

June 14th: all but two of the top 100 cryptocurrencies by market capitalization are are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law. Market visualization from Coin360 Bitcoin (BTC) is now up 5.89 percent in the 24-hour period, trading around $6,688 at press time.…

Blockchain Not More Effective Than Central Bank System ‘at This Time’

A Bank of Canada (BoC) official questioned the effectiveness and security of using blockchain tech for banking at a conference in South Korea today, June 14, according to local reports. As part of a presentation at the 2018 G20 Global Financial Stability Conference in Seoul, James Chapman, senior research director at the BoC’s funds management and banking department, also called cryptocurrency assets “a new opportunity and a threat to the financial market.” Chapman was updating the audience on the BoC’s Project Jasper, a proof-of-concept payment system utilizing so-called ‘distributed ledger…

Firefox Founder’s Blockchain-Based Brave Browser is #12 Top Tech Firm of 2018

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! On June 12, The Wall Street Journal released its “Top 25 Tech Companies to Watch in 2018” list, featuring innovative startups in the AI, blockchain and cybersecurity sector. The list ranked Brave Software, the blockchain-based browser created by Firefox and JavaScript creator Brendan Eich at twelveth. Brave Browser’s Progress Over the past year, Brave Browser, which compensates publishers with tokens by transparently embedding advertisements through the blockchain, has made a successful attempt in penetrating…

Things I Did… Bitcoin Braces for Bear Market With Feel-Good Tweet Session

The price of Bitcoin (BTC) may be up slightly Wednesday, but that hasn’t exactly raised the spirits of the asset’s most avid investors. Rather, with the market now down roughly 70 percent from 2017’s highs, many HOLDers, the bitcoin faithful who have vowed never to sell, are becoming convinced they might have seen the last big rally before another long-time bear market (as happened in 2014). In crypto lingo, it’s time to put on some gloves for another “crypto winter.” Put more simply, investors now think they’ll face a long…

The EOS Blockchain Is Now Live

The EOS blockchain is now live. What was perhaps one of the most hotly anticipated blockchain launches, after the company that developed its software, Block.one raised more than $4 billion during an almost year-long initial coin offering (ICO), is finally live as of 18:46 UTC on June 14. At press time, the blockchain has received more than the 150 million votes needed to go live. This happened after a roughly a week of deliberation and testing by block producer candidates – those groups vying for one of 21 validator node…