US economist Paul Krugman appeared to soften his stance on Bitcoin last week in a surprise twist, saying he believes the cryptocurrency “has more utility than gold.”
Speaking at the ChainXChange conference in Las Vegas, which ran August 13 – 15, Krugman, who had previously made a name for himself as a Bitcoin skeptic, even forecast a future in which Bitcoin has “value” as an entity.
Cointree and Gobbill have announced a partnership that allows Australians to pay their bills using cryptocurrency. They have created a cryptocurrency bills payment system irrespective of whether the business accepts digital coins or not.Cointree, which already has a cryptocurrency bill payment feature, believes the partnership creates a more robust service for customers. According to Financial Review, Gobbill will act as the intermediary, collecting the funds and settling on the bills on behalf of the user.
China has released its blockchain rankings for August, rating public blockchain networks like Bitcoin and Ethereum based on their application and technology.Previous rankings ranked EOS above both Ethereum and Bitcoin as the best blockchain network in the global cryptocurrency sector. The newly created rankings by CCID and CSTC, two institutions funded by the Chinese government, had EOS ranked as the top blockchain network in the world once again, with Ethereum and Bitcoin falling behind.Komodo, Nebulas, NEO, Stellar, Lisk, GXChain, and Steem all ranked higher than Bitcoin, with strong points in applicability and technology. Bitcoin recorded the highest points in the category of innovation, mostly likely due to its long track record and the status as the first blockchain network and cryptocurrency in the market.
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Several of the world’s largest digital exchanges joined an effort to root out bad behavior in the $214 billion cryptocurrency industry.
Created by Gemini Trust co-founders Cameron and Tyler Winklevoss, the Virtual Commodity Association expanded its roster of exchange participants to include Bitstamp, BitFlyer USA and Bittrex, according to a statement Monday. Representatives from the four marketplaces will meet for the first time in September to discuss setting up the self-regulatory organization.
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“I’m going to burst your bubble,” this is how Andreas M. Antonopoulos, a major Bitcoin enthusiast, explained Bitcoin ETF. He was of the opinion that his explanation would make several crypto enthusiasts interested in the Bitcoin ETF take their steps back as it is a “terrible idea”.
“I know a lot of people really want to see an ETF happen because “to the moon and lambos!” But I think it is a terrible idea. I still think it is going to happen, I just think it is a terrible idea. I’m actually against ETFs. I think a Bitcoin ETF is going to be damaging to the ecosystem," he said.
This week, accused mastermind of the group in Asia, Divyesh Darji, was arrested in connection with his role in the many millions of dollars investment scam.Local media report Mr. Darji’s outfit was registered in the United Kingdom but essentially operated from the Burj Khalifa tower in Dubai. Perhaps it is a fitting center for a Bitconnect operation. The tallest structure in the world since its crowning in 2010, it mirrors proponents of the famed project and now widely recognized scam, big. Everything about Bitconnect was big: big promises, big returns, big gains, big conferences, and, alas, a very big fall.
Accounting giant Deloitte has conducted an international survey of over 1,000 “blockchain-savvy” executives from seven countries, including the US, Canada, Mexico, UK, France, Germany and China. The data shows that 39% of respondents around the world believe blockchain is “overhyped.” And in the US this figure is even higher, with 44% see blockchain as overhyped, up from 34% in 2016.
Binance CEO Changpeng Zhao told TechCrunch founder Michael Arrington that 90 percent of the exchange’s employees receive their salaries in BNB.BNB, also known as Binance Coin, is the native token of Binance. Binance released BNB in 2017 to garner enough funds to finance the operations and development of the exchange and in return, the company has been buying back BNB with profits generated by the business. @binanceexchange@changpengzhao