• Dollar coins
    Alt coins,  Bitcoin,  Cryptocurrencies,  Tether

    It’s indeed possible: A regulated US dollar-backed token is launched

    Dollar-backed tokens on the blockchain, minus the fears of scam or fraud

    There’s a new crypto-asset available as of Monday morning, and it’s yet another effort to come up with a U.S. dollar-backed cryptocurrency. Called Paxos Standard (PAX), the new token is maintained by blockchain technology company Paxos. The firm endeavors to digitize different kinds of assets so that they can be traded anywhere at any time using the blockchain. For now, the company can securely track trades of securities and precious metals, but will expand to support commodities of any other type down the road. Its new PAX token is an important piece of this puzzle. PAX is one of a family of so-called “stablecoins,” those cryptocurrencies that are designed to…

  • Amoeba
    Bitcoin,  Ethereum,  Innovators

    ‘ShapeShift’-ing crypto company says it will do one thing, does another

    ‘The exchange without accounts’ will soon require users to have accounts

    ShapeShift has long said it would remain headed one very specific, privacy-minded direction. Now it’s going a different way. ShapeShift is easily understood as a hyper-anonymous cryptocurrency exchange. If you want to trade bitcoin for ether, for example, the platform doesn’t even require that you create an account. Company messaging consistently reveals pride for this design — with zero personal information collected from its users, there’s zero chance for embarrassing data leaks and total user confidence that their privacy is protected. Now the news is that the company’s gonna start collecting user data “soon.” It’s all in the name of letting these exchange users register membership accounts that will let…

  • Bitcoin,  Cryptocurrencies,  Ethereum,  Litecoin,  Ripple,  XRP

    Cryptocurrency markets get a big slap in the face

    Tens of billions in value lost—here’s why

    The world’s crypto markets took a collective dive, and it all started while you were sleeping. The cross-currency crash began just after 4 a.m. on Wednesday, September 5, and it touched every token you can name. At the time of this writing, Bitcoin is barely above $6,000. Ether is down 23 percent to $220. Bitcoin Cash, XRP, and Litecoin all took substantive hits. Even DogeCoin is down. Where Tuesday’s crypto market capitalization was around $240 billion, it was about $217 billion less than 24 hours later. So what’s the deal? There are two pieces of information to help us understand this drop. First, Goldman Sachs has downplayed its plans to…

  • RIP ETH?
    Alt coins,  Ethereum,  Innovators

    Ether’s $0 destiny: Could it really happen?

    One guy argues yes—and Vitalik Buterin kinda-sorta agrees

    A blockchain wonk has gone pundit in a TechCrunch article, predicting that Ethereum’s ETH asset will eventually crash to zero forever. In an unexpected twist, Ethereum co-founder Vitalik Buterin mostly agrees. Jeremy Rubin, the Bitcoin Core contributor who’s lately advising Stellar, launched a public critique of Ethereum and how it operates, calling for the network’s cryptocurrency to ultimately be worthless. He draws a clear distinction between the technology that powers the Ethereum network and the digital asset that represents value moving through it. The kernel of his “ETH to zero” argument revolves around network scalability and security issues that will hold Ethereum back as competitors move ahead. Rubin also invokes…