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Showing posts from April, 2018

Circle Adds Zcash to Crypto Investment App

Circle added zcash to its cryptocurrency storage and investment app, the company announced Monday.

UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

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UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “ Hope Page ,” which allows users to donate through cryptocurrency. UNICEF’s Director of Fundraising and Communications Jennifer Tierney explained , “We wanted to leverage new emerging technologies to raise awareness about current humanitarian crises and raise new funds to support children caught up in them. The Hope Page allows Australians to provide help and hope to vulnerable children by simply opening the page when they are online.” Coinhive’s partnership with UNICEF could help to foster a more positive image for the software. Up until this point, Coinhive has widely been associated with a process known as “cryptojacking,” in which the comp

Want to Learn More About Bitcoin Mining? There’s a New Summit for That

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For Emma Todd, it was a 2017 conference that transformed her newfound interest in cryptocurrencies and blockchain into a passion. As she learned more, she had an epiphany: more people needed to better understand the esoteric world of cryptomining. Not one to be a flaneur, she is now harnessing this opportunity. On May 18, 2018, Todd will launch the inaugural ADI Cryptocurrency Mining Summit (ADI stands for Advanced Digital Innovation) as a part of Blockchain Week NYC. This comes on the heels of the first ADI Summit which was held in September 2017 in Vancouver, B.C. The mission of the ADI Cryptocurrency Mining Conference is to introduce new ideas, technologies and techniques around cryptocurrency mining. In addition to an investor panel, there will be discussion forums around security, compliance and legal issues; all critical elements for any successful mining operation. Finally, a hands-on workshop will explain the differences between industrial mining operations and hobby-minin

Bring Home the Bacoin? Oscar Mayer Debuts Crypto Campaign

Meat manufacturer Oscar Mayer has launched a bacon-backed cryptocurrency, which fans can cash out for real bacon.

SEC Official: ICO Market Shows Need for Securities Regulation

An SEC commissioner warned that initial coin offerings could be fraudulent, but consumers cannot necessarily identify fraud.

FTC to Host Consumer Protection Workshop on Cryptocurrency Scams

The Federal Trade Commission (FTC) is planning to host a workshop on cryptocurrency scams and fraud in June.

Buffett: Bitcoin Is More Gamble Than Investment

The world's third-richest person, Berkshire Hathaway's Warren Buffet, has again made comments critical of bitcoin as an investment.

Promoted: Blockchain Agnosticism: Resolving the Paradox of Choice

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When bitcoin was the only show in town, things were a lot less complicated for blockchain developers. You either used some variation of colored coins to support your decentralized application or you did not. Since then, a forest of blockchains has sprouted, each of them unique. Some are permissioned; some are public. Some use proof of work, while others rely on proof of stake. Some have substantial industry support, while some are rarefied and niche. How should decentralized application vendors choose one? When faced with an overwhelming choice, perhaps the best approach is not to choose at all. Armin Ebrahimi, CEO and co-founder of blockchain identity management company ShoCard, is keeping an open mind. His team decided to adopt a multi-blockchain approach early on in product development, giving deployment teams the flexibility to choose their own. He said this blockchain agnosticism is essential in a fast-moving industry. “I believe for the foreseeable future we will see blockch

Arrington-Backed Startup Launches Crypto-for-Cash Credit Platform

A crypto lending startup backed by TechCrunch founder Michael Arrington launched a U.S. dollar credit platform on Monday.

CFO Boost? EY Predicts Blockchain Could Change C-Suite Role

"Big four" professional services firm EY says that blockchain could transform its finance operations and redefine the role of chief financial officer.

Author William Mougayar to Launch Blockchain Investment Fund

Blockchain author William Mougayar is teaming up with Jabre Capital Partners to launch a blockchain investment fund for startups.

UNICEF Is Mining Crypto to Raise Funds for Children

UNICEF Australia has launched a website that harness supporters' computers to raise donations via cryptocurrency mining.

ANZ and IBM Building Blockchain Solution for Insurance Industry

ANZ bank has partnered with IBM to build a blockchain solution for transparent, secure transfer of data and premiums in the insurance sector.

Enquiries About Cryptocurrencies Tripled in 2017, Japan Regulator Says

Last year, Japanese consumers were asking more questions than ever about cryptocurrency trading and ICOs, new data reveals.

Blockchain Trade Finance Is Breaking Proof-of-Concept Gridlock

After years of tests and concepts, enterprise blockchain may be having a breakthrough moment, with several notable trials in trade finance advancing.

ICBC's First Blockchain Patent Is Now Public

Industrial and Commercial Bank of China, a major state-owned bank, is exploring how to verify and share users' certificates on a blockchain.

The Public-Private Blockchain Singularity May Be Close At Hand

A year ago, enterprise blockchain and cryptocurrency were essentially separate industries. Now come signs that these camps might be slowly converging.

ICO Promoters Can Expect Canada to Be as Tough as the US

Provincial securities regulators in Canada won't take a radically different approach to the U.S. SEC in analyzing whether tokens are securities.

Bitcoin Magazine’s Week in Review: A Long Road of Growth

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The financial sector is seeing growing interest in cryptocurrency that has resulted in more and faster adoption according to the latest survey by Thomas Reuters. That news will certainly bolster the objectives in the Middle East where Dubai aims to be the first blockchain powered city. It is also reflective of the hype surrounding EOS as more than 50 companies are competing for 21 supernodes. But before there was all of these cryptocurrency projects, there were the cypherpunks. In a special feature, we look at the accomplishments of Dr. David Chaum and what has resulted from his early papers on encrypted communication. Featured stories by Colin Harper, Giulio Prisco, Jessie Willms, Aaron van Wirdum and Bitcoin Schmitcoin. Stay on top of the best stories in the bitcoin, blockchain and cryptocurrency industry. Subscribe to our newsletter here . EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes EOS is scheduled to migrate from the Ethereum network to its own on June 2, 20

The Crypto Community Must Use the Blockchain to Self-Police

The everyday crypto user in the future is likely to spend time identifying illicit wallets and transactions to avoid, thanks to the U.S. Treasury.

Bank of America Is Closing My Three-Year-Old's Account Over Crypto

My daughter is 3 years old. Bank of America is closing her account because of her “risk profile” and a highly indirect “connection” to cryptocurrency.

Promoted: Helbiz, Blockchain and the New Future of Mobility

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Transportation mobility options are not only critical for many people’s lives, but they are also a key element of a thriving economy. As our world becomes more urbanized though, many are choosing not to purchase a car of their own due to the ever-growing and increasing cost of ownership. There is already a growing body of evidence that suggests car ownership may no longer be a good deal. When people become unhinged from their cars, they no longer have to worry about issues such as parking, insurance, maintenance and fuel costs. It’s evident that the sharing economy, a rapidly growing social phenomenon that has sprung out of the digital economy, is upending the trajectory of many industries and, in general, challenging the status quo. Using this model, owners share resources they're not using, such as a car, a bicycle, or other mobility option for marginal profit. A new startup company, Helbiz, envisions a world of decentralized transportation by way of an on-demand, peer-to-

Latest SEC Hearing into Cryptocurrencies Offers Glimmer of Light

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The U.S. Securities and Exchange Commission (SEC) has been  relatively stringent in its views of both security and utility tokens. The organization is seeking to label all virtual tokens originally distributed through initial coin offerings (ICOs) as securities, which would subject them to very strict regulatory practices and potentially have massive repercussions on their prices. One of those tokens is ether, which was originally distributed and marketed through presales. Members of the Venture Capital Working Group — an organization comprised of lawyers, investors and cryptocurrency experts working to block the SEC’s decision — argue that ether has become so decentralized, it can no longer be looked at as a security, and should thus be exempt from securities-related laws. Ether is the world’s second-largest cryptocurrency by market cap after bitcoin. April 26, 2018, marked an important step in the fight for “token rights.” A congressional hearing with testimony from the SEC’s Di

Binance, Bermuda Ink $15 Million Crypto Investment Agreement

Bermuda has signed a Memorandum of Understanding with Binance to develop a global compliance center in the British Overseas Territory.

5 More Payments Firms to Adopt Ripple's xVia Tech

Five firms across Europe and Asia plan to adopt Ripple's xVia protocol to bring their payments services to emerging markets.

Prosecutors Charge 'Discount Bitcoin Bandits' With Robbery

The Los Angeles County District Attorney's Office has charged the "Discount Bitcoin Bandits" with robbery, child abuse and grand theft counts.

Bitcoin Price Analysis: Market Direction Depends on Next Price Line Tests

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Over the last few weeks, bitcoin has had its fair share of ups and downs. The volatility has chopped up many of the public bulls and bears alike as the market has struggled to find a consistent direction for more than a couple of weeks at a time. The market is currently in an interesting space as many macro trends have been broken. One major trend that was broken last week was the macro demand line shown below: Figure 1: BTC-USD, 12-HR Candles, Macro Supply Line Broken The break of the supply represents a macro change of character for the market and is undoubtedly a bullish signal. After bottoming around $6,500, bitcoin had a very strong, sustained rally for a 40% market value increase over a relatively small amount of time. Currently, the market is experiencing some turbulence as we test well known resistance points where lots of overhanging is present. Our current price level is the beginning of the hypodermic trend we saw late last year as we broke free of the parabolic envelop

SEC Official Defends 'Balanced' ICO Oversight in Congress

A hearing at the House financial services committee saw hostility from some reps, sympathy from others, and a "balanced approach" from the SEC.

Court Forces Chile's Banks to Reopen Crypto Exchange Accounts

A Chilean court has ordered banks to reopen the accounts of crypto exchanges after the institutions announced their plans to close them in March.

Crypto Assets Offer New Opportunities for VCs on a Global Scale

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As institutional capital in the crypto space increases regularly, the need for blockchain technology and related enterprise support is at an all-time high, and several companies are working hard to provide both as the arena expands. One of those companies is Coefficient Ventures , a crypto fund set on financing blockchain systems worldwide. Thus far, the company has made over 25 investments in companies and applications like Filecoin for decentralized storage; Raiden for scalability; and Zeppelin to improve smart contract capabilities. Speaking with Bitcoin Magazine , founding partner Chance Du described how she sees a central role for blockchain investment across all sectors of the global economy. The global financial industry features significant flaws in its current design. Two billion of the world’s people have virtually no access to financial services, while an additional four billion have very limited access. Du says she began investing in blockchain technology in 2017 becau

Australia's Securities Watchdog Airs Concerns About Overseas ICOs

ASIC is to extend its guidelines on initial coin offerings over concerns about overseas projects targeting local investors.

France Is Cutting the Tax Rate for Retail Crypto Traders

France is about to offer relief to amateur cryptocurrency investors, after a ruling by the country's Council of State.

Bigger Blocks and Smarter Contracts: What's In Bitcoin Cash's Next Fork?

Bitcoin cash's most ambitious hard fork upgrade is coming in May, backed by the promise of taking its "on-chain scaling" philosophy to new heights.

Alibaba Advances Blockchain Food Fraud Platform to Pilot Phase

Chinese e-commerce giant Alibaba is trialling a blockchain-based tracking system developed to make its supply chain more transparent.

PBoC Research Lead Touts Hybrid Approach to Blockchain Decentralization

Giving up full decentralization could solve many of blockchain's existing problems, says Yao Qian, research director at China's central bank.

Pullback Over? Bitcoin Retakes $9K, Eyes Further Gains

Having recovered from a five-day low hit yesterday, bitcoin has potential for a move higher towards key resistance at $9,880.

The SAFT Is Alive But Who Knows How Well

A framework that strives to enable compliant U.S. token sales may have come under fire in the press, but it's still widely used by entrepreneurs.

Sony Eyes Blockchain Use for Digital Rights Data

Sony believes a blockchain can be used as a digital rights management solution by storing ownership information.

CBOE Saw Its Highest-Ever Bitcoin Futures Volumes Yesterday

Bitcoin futures contracts saw a spike in trading volume Wednesday, according to data from both CBOE and CME.

Ripple Says Sales of XRP Cryptocurrency Rose 83% In Q1

While XRP's price has fallen since the end of the year, Ripple's sales of the cryptocurrency are stronger than ever.

Romania's Oldest Bitcoin Exchange Is Shutting Down Next Week

BTCxChange announced it was closing its platform on May 1, and advised customers to withdraw all funds before then.

Crypto Mining Made Up 10% of AMD's Revenue in Q1

While AMD sees demand for GPUs to process blockchains falling this quarter, CEO Lisa Su believes the technology will have a long-term impact.

Regulatory Clarity Should Lead to More Capital Investment in Crypto: Panel

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The Distributed Markets conference took place in Chicago on April 23, 2018, and featured an array of blockchain and financial experts working to shed light on opportunities and changes happening in the cryptocurrency space. Among the main goals of the conference was to educate attendees on how they could integrate blockchain technology into their businesses, thereby increasing cost-effectiveness and overall efficiency. A Blockchain Academy workshop and a hackathon were also available to give developers and entrepreneurs a chance to study blockchain macro cases and showcase their skills. In a panel moderated by Joseph Bradley, entitled “Crypto Regulation: Striking a Balance Between Compliance and Growth,” speakers Colleen Sullivan of CMT Digital; Illinois state regulator Sean T. O’Kelly; Haimera Workie, senior director of FINRA’s Office of Emerging Regulatory Issues; and Tennessee blockchain lawyer J. Gray Sasser of Frost Brown Todd addressed the topic of regulation. Perhaps the b

More Than $140 Million in Bitcoin Moved from Mt Gox Wallets

Approximately $141 million worth of bitcoin was moved from several remaining wallets of former bitcoin exchange Mt Gox on Wednesday.

OmiseGo Hits Two-Month High Amid Airdrop and Exchange Listings

OmiseGo's OMG token is reporting double-digit gains today, possibly due to new listings on Asian exchanges and news of an airdrop.

Promoted: Plutus Is Pursuing the “Holy Grail” of Payment Innovation

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While many people see cryptocurrency as a speculative investment, many of the new asset class’ earliest adopters believe they could be much more promising for everyday currency use. Championing the motto “Spend Crypto, Anywhere,” the U.K.-based project, Plutus, is leading the charge in delivering a worldwide payments solution to make it easier for cryptocurrency users to spend money with merchants. Through this payment solution, online purchases can be made using either Plutus’ Tap & Pay app or physical debit card. With Plutus, prepaid funds can be added by using the pluton token (PLU), Bitcoin, Ethereum and other cryptocurrencies. Steering clear of “innovation for innovation's sake,” Plutus is cutting a new edge in the payments business by making emerging technology tangible and practical for the everyday user. The aim is to make transactions more seamless by offering a trusted and secure mechanism for converting crypto into fiat currency and vice versa. Consumers can s

BBVA Issues $91 Million Loan Using Two Blockchains

Spanish banking giant BBVA has completed a pilot that issued a $91 million corporate loan using two different blockchain technologies.

Samsung Sets Q1 Profit Record with Crypto Mining Boost

Samsung has seen record growth in quarterly operating profits – an increase driven in part by strong demand for cryptocurrency mining chips.

Bitcoin Risks Deeper Pullback After Drop Below $9K

After hitting a one-week low today, bitcoin risks a deeper pullback if support at $8,459 is breached, the technical charts indicate.

IBM Partners with Jewelry Industry on Hyperledger Supply Chain Project

IBM has teamed up with major jewelry businesses to bring transparency to the industry's supply chain with blockchain technology.

Parity Says 'No Intention' To Split Ethereum Over Fund Recovery

Parity Technologies has said it has no plans to move forward with a code change that would result in an ethereum blockchain split.

Coincheck Owner Monex Plans Proprietary Blockchain, ICO

The new owner of Japan's Coincheck exchange, Monex Group, says creating its own blockchain with an ICO to follow is on its radar.

Barclays, Goldman Champion ISDA Standard for Blockchain Derivatives

U.K.-based bank Barclays is pushing hard for a data standard for derivatives, as a foundation for that market to adopt distributed ledger technology.

Binance Exchange Denies Sequoia's Allegation of Exclusivity Breach

Crypto exchange Binance has denied an allegation that its founder breached an exclusivity agreement with VC firm Sequoia Capital.

Grayscale Adds Zcash Offshoot ZenCash to Crypto Investment List

The fork of a fork of zcash made it onto Grayscale's "conviction list."

Blockstack and ShapeShift Offer $50,000 Universal Wallet DApp Bounty

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In the latest installment of its Signature Bounties campaign , Blockstack has partnered with ShapeShift to challenge developers to create a universal wallet. The contest, which began this morning, April 25, 2018, at 9:00 a.m. EST, will run until 11:59 p.m. on June 25, 2018. The winning project will be announced on June 29, 2018, and awarded $50,000. “We’re really thrilled to be able to partner with ShapeShift for this bounty and to build on the success of the bounty program so far. This is something that speaks directly to the crypto community, who inherently understand the motivations behind decentralized applications,” Xan Ditkoff, a Growth Partner at Blockstack, told Bitcoin Magazine . As with past Signature Bounty competitions, the focus here is to build a decentralized application (DApp), in this case, a decentralized universal wallet. This campaign, however, has a special focus on interoperability and cooperation, as Blockstack’s partnership with ShapeShift suggests. “Increa

Cisco Claims New Patent Could Apply to Bitcoin Mining

A Cisco patent suggests that internet customers would be able to create a distributed mining pool through a proprietary cloud application.

Popular Ether Wallet MEW Is Hijacked in DNS Attack

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MyEtherWallet, a popular web-based wallet for storing and transmitting the cryptocurrency ether (ETH), suffered a DNS attack that rerouted unsuspecting users to a Russian scam site into which some victims fed their login credentials. An invalid SSL connection certificate warned users before entering the phony site but some bypassed the warning, resulting in a loss of funds. MyEtherWallet confirmed the attack in a statement on April 24, 2018. Hackers did not actually hack the MyEtherWallet platform itself but went after vulnerabilities in public-facing DNS servers instead. MyEtherWallet recommends users switch to Cloudflare DNS servers for the time being. DNS servers provide the correct IP address for an internet site’s name. If you type in “ www.myetherwallet.com ,” a DNS server will translate that into the IP address for that site. An SSL certificate protects against spoofed DNS answers by comparing the hostname you enter with the hostnames listed in the certificate. If no match

US Congressman: 'Race to Regulate' Won't Solve Crypto Fraud

While fraud and 'bad actors' are a concern in the crypto industry, US Rep. Patrick McHenry says Congress should not rush to regulate.

Nasdaq 'Would Consider' Creating a Crypto Exchange, Says CEO

The CEO of Nasdaq suggested Wednesday that the company could open a cryptocurrency exchange in the future.

Crypto Exchanges Pause Services Over Contract Bugs

A pair recently-published bugs allow an attacker to create an inordinate number of ERC-20 tokens

EOS Is Nearing An All-Time Price High

EOS is largely bucking the downtrend in the wider crypto market and may hit fresh all-time highs soon, according to technical analysis.

Two Big Crypto Startups Are Out to Build One Universal Wallet

The two startups are offering developers $50,000 to build a wallet that would support almost any token, even those that haven’t been created yet.

Compliant Airdrops: CoinList to Offer Investors Free Crypto Giveaways

The company has worked on token distribution and fundraising so far, but its latest product focuses on giving away tokens to spur user adoption.

$10K on Hold As Bitcoin Sees Price Pullback

Having rallied more than 50 percent this month, bitcoin is today witnessing pullback.

Bitcoin Miners Arrested in 2 Chinese Cities for Alleged Power Theft

Allegations of electricity theft have reportedly led to the arrest of bitcoin miners and equipment seizures in two Chinese cities.

Chinese #Metoo Movement Turns to Ethereum to Evade Censorship

Inspired by the #metoo movement, students in China are coding messages into the ethereum blockchain to escape Chinese internet censorship.

Sequoia Sues Crypto Exchange Binance After Investment Deal Collapses

The founder of the Binance exchange is facing a lawsuit in Hong Kong over allegations he breached an exclusivity agreement with a big-name investor.

Redefining The Rules of Cryptocurrency Trading: Changelly Partners With Binance

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Innovative trading solution for a ‘traditional’ crypto trading platform. #SPONSORED

James Bond-Like Villain in $2 Million Bitcoin Heist Caught in Amsterdam

TD Ameritrade Put An Actual Ad on the Bitcoin Blockchain

TD Ameritrade used bitcoin's "memo" area to plant a digital flag on the cryptocurrency's ledger.

Bill Allowing Residents To Pay Taxes In Crypto Passes Arizona House Committee

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The Arizona State House moves forward on a bill that would allow residents to pay their taxes with cryptocurrencies. #NEWS

EOS Hype Builds as Over 50 Candidates Vie for 21 Supernodes

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EOS is scheduled to migrate from the Ethereum network to its own on June 2, 2018, and a slew of candidates are vying for one of twenty-one supernodes that will support this new mainnet. Since the first week of March, the platform’s Steemit account, EOS Go , has posted weekly reports on the organizations that have submitted themselves for consideration. A mixture of big and little fish, the candidate pool includes upward of 50 different organizations . Some are groups of regional enthusiasts that bear the EOS name next to their home country or city, such as EOS Detroit, EOS Rio and EOS Canada. Others represent blockchain industry movers, such as Bitfinex, Huobi, AntPool, Wancloud and OK Blockchain Capital. As this previous sample suggests, an overwhelming number of candidates competing for the coveted supernodes come from Chinese organizations. Also known as block producers, supernodes operate as part of EOS’s delegated proof-of-stake (DPoS) consensus mechanism. Under DPoS, validato

Banks And Cryptocurrencies Global Evaluation: Europe

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We’re continuing to review the relationship between banks and cryptocurrencies - this time in Europe. #ANALYSIS

Arizona's Crypto Tax Payments Bill Clears Hurdle

Arizona's revamped cryptocurrency tax bill was approved by a key committee on Monday.

Angellist: Number of New Crypto Job Listings Doubled in the Last Three Months

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Angellist, a popular website that allows startups to raise money from angel investors, has revealed data about new crypto job listings on its platform. The company details the hiring needs of companies in the crypto space and what jobs are in demand. Also read:   Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Crypto Job Listings Doubled Angellist revealed its new crypto job listing statistics last week. Citing that even though the price of bitcoin has dropped 60% since December of last year, the company wrote: In the last 3 months, the number of new crypto job listings has doubled. Angellist is a U.S. website created in 2010 for startups, angel investors, and job-seekers looking to work at startups. In July 2013, the company partnered with Crunchbase, an online tech company database owned by Techcrunch. Since 2015, the site has allowed startups to raise money from angel investors. What’s Behind Crypto Hiring Boom Angellist explained the d

Snoop Dogg To Promote Ripple At Invite-Only Event In NYC

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Snoop Dogg will perform at Ripple’s “invite-only” event in New York city on May 15, ten tickets can be won in two Twitter contests in coming weeks. #NEWS

The Genesis Files: How David Chaum’s eCash Spawned a Cypherpunk Dream

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“You can pay for access to a database, buy software or a newsletter by email, play a computer game over the net, receive $5 owed you by a friend, or just order a pizza. The possibilities are truly unlimited.” This quote is not from a 2011 Bitcoin introduction video. In fact, the quote is not about Bitcoin at all. It is not even from this millennium. The quote is from cryptographer Dr. David Chaum, speaking at the first ever CERN conference in Geneva in 1994. What he’s talking about is eCash. If the cypherpunk movement has a godfather, the bearded, ponytailed Chaum is it. To say that the cryptographer — now 62 or 63 years old (he won’t reveal his exact age) — was ahead of the curve is an understatement. Before most people had heard of the internet, before most homes had personal computers, before Edward Snowden, Jacob Appelbaum or Pavel Durov were even born, Chaum concerned himself with the future of online privacy. “You have to let your readers know how important this is,” Chaum