NY Fed Economists Talk Bitcoin’s Role in a Centralized World

The post NY Fed Economists Talk Bitcoin’s Role in a Centralized World appeared first on CCN New York Fed Economists Michael Lee and Antoine Martin aren’t entirely dismissive of bitcoin, which only seems to make matters worse. In a Q&A, which is posted on the New York Fed’s website, the economists question bitcoin’s utility, arguing

JPMorgan: Cryptocurrency is Unlikely to Disappear [Yes, Really]

The post JPMorgan: Cryptocurrency is Unlikely to Disappear [Yes, Really] appeared first on CCN JPMorgan’s mixed signals on bitcoin persist. The top US bank based on assets has released what’s been dubbed a “Bitcoin Bible” for investors, conceding that cryptocurrencies aren’t going away while simultaneously warning investors about a looming 50% or so drop in the BTC

Lingerie Tycoon Sells 50 Luxury Dubai Apartments for Bitcoin

The post Lingerie Tycoon Sells 50 Luxury Dubai Apartments for Bitcoin appeared first on CCN Aston Plaza & Residences has successfully sold 50 apartments to Bitcoin users in February. Located in Science Park Dubai, the apartments will offer residents the chance to live close to Dubai’s famous landmarks such as the tallest building in the

Russian Engineers Caught Using State Supercomputer to Mine Bitcoin

The post Russian Engineers Caught Using State Supercomputer to Mine Bitcoin appeared first on CCN Employees of the Russian Nuclear Center in Sarov have been caught using the facility’s supercomputer to mine Bitcoin. The two engineers managed to connect the offline machine to the internet, applying its’ vast computational power to the Bitcoin network. However,

Legendary Billionaire Investor Carl Icahn Shuns Bitcoin, Blames Himself

The post Legendary Billionaire Investor Carl Icahn Shuns Bitcoin, Blames Himself appeared first on CCN The activist investor won’t go near bitcoin for three reasons. Carl Icahn in an interview with CNBC expressed his distaste for cryptocurrencies, calling them “ridiculous,” but unlike others who were quick to write digital coins off, he admitted that in

‘Worthless’: Research Firm Levels Kodak ICO With Withering Indictment

The post ‘Worthless’: Research Firm Levels Kodak ICO With Withering Indictment appeared first on CCN At CCN we have been following the Kodak story – a once monolithic print photography company that has struggled to adapt to the digital world. The announcement that the brand was turning to blockchain with KODAKCoin, which aims to protect

JPMorgan: Bitcoin Must Evolve, Blockchain’s Not a Threat

The post JPMorgan: Bitcoin Must Evolve, Blockchain’s Not a Threat appeared first on CCN It may surprise some people to learn that JPMorgan Chase is invested in the blockchain. Umar Farooq, a banker turned blockchain leader at JPMorgan, discussed how the bank is using the blockchain and didn’t shy away from bitcoin. He was speaking at the Yahoo

‘Zap’: Developers Release Lightning Network Beta Wallet

The post ‘Zap’: Developers Release Lightning Network Beta Wallet appeared first on CCN Developer Jack Mallers has announced that Lightning Network wallet Zap is ready for testnet use with its Beta release on Monday. The project has been open-source since its inception, but the release of Zap aims to make transacting on the Lightning Network

Hedge Fund Manager: Floored Bitcoin Price is Under-Owned

The post Hedge Fund Manager: Floored Bitcoin Price is Under-Owned appeared first on CCN Bitcoin and the other leading digital coins are trading in the green on Friday. The bounce doesn’t surprise Dan Morehead, head of Pantera Capital, a $1 billion long/short cryptocurrency and blockchain hedge fund, who as an early bitcoin investor has seen this