Bitcoin ‘Not Functional as a Currency’

Square and Twitter CEO Jack Dorsey has said Bitcoin (BTC) will continue to be adopted more widely, but it is still too early to consider it a currency. Make Bitcoin more usable and accessible as a currency On Sept. 4, the outspoken Bitcoin advocate told the Australian Financial Review that he is convinced the No. 1 cryptocurrency will continue to be adopted more widely. However, Dorsey added: “It’s not functional as a currency. The peaks and troughs are like an investment asset and are equivalent to gold. What we need to do…

Blockchain Dev’s Platform Now Available on Oracle Cloud Marketplace

Fintech blockchain developer Hydrogen has announced that its platform is now available on software giant Oracle’s Cloud Marketplace.  Hydrogen now available to millions On Sept. 4, the startup announced that the listing on Oracle Cloud Infrastructure will make its application programming interface available to millions of Oracle customers. Hydrogen offers tools to build applications for banking, savings and insurance, among other aspects of digital finance. Mike Kane, co-founder and CEO of Hydrogen, said: “Hydrogen is being used by financial institutions big and small to quickly build consumer facing fintech applications.”…

Elliptic, A Crypto Forensic Startup, Raises $23 Million USD

Elliptic, a British startup firm aimed at tracing suspicious crypto activity, has raised $23 million USD in a funding round led by SBI Holdings. Elliptic to Expand into Asian Markets The Series B funding round was led by Japanese financial institution SBI Holdings and will enable Elliptic to continue expansion into Asian markets where it has recently opened an office in Singapore and will open another in Japan this week. Elliptic CEO and founder James Smith cited Asia as a highly attractive market for the company due to its prominent…

Venture Capitalist Fred Wilson Revises His Bullish Opinion on Ether

Fred Wilson, a financier and co-founder of venture capital firm Union Square Ventures, has revised his bullish opinion on Ether (ETH). Back in 2017, Wilson had suggested the market capitalization of Ether will bypass the market capitalization of Bitcoin (BTC) and eventually be worth more per coin. However, in a Sept. 4 blog post, Wilson acknowledged ETH has fallen short of this — and that the underlying Ethereum network is experiencing problems. He wrote: “Ethereum, as many of you know, confounds me. It has shown the way to so many important things; smart contracts, programmable trust-free…

German Politicians Want to Fight Climate Change With Blockchain Tech

The Free Democratic Party (FDP) in Germany proposes to issue a new cryptocurrency called Arbil to anyone who removes CO2 or other greenhouse gases from the atmosphere. Get paid to withdraw CO2 from the atmosphere In a report by local news daily Welt on Sept. 2, the FDP recognizes that it is no longer enough to focus only on putting less CO2 into the atmosphere. It states that, if the world wants to slow down global warming, it will also need to bring back greenhouse gases that have already been…

Bahama Blockchain Company Raises Crypto for Hurricane Dorian Relief

PO8, a blockchain company headquartered in the Bahamas, is asking the crypto and blockchain communities to help them bring relief to the victims of Hurricane Dorian. The firm made its appeal in a blog post on Sept. 2. Hurricane Dorian brings devastation to the Bahamas On Sept. 3, CNBC reported on hurricane Dorian, as the immense storm brought devastation to the islands on Monday and Tuesday. Satellite images gave a first look at the heavy flooding across the Bahamas and further show that more than 60% of the Grand Bahama…

Mastercard Joins Blockchain Software Firm R3’s Marco Polo Network

American financial services giant Mastercard has joined blockchain software company R3’s Corda-powered Marco Polo Network for trade finance. In a news release published on Sept. 3, Mastercard revealed its participation in the project, a collaboration of R3 and Irish tech company TradeIX that launched in 2017. The initiative provides a multi-asset class platform that offers broker-dealer services and multicurrency transactions, among other services. The company’s Mastercard Track platform for business-to-business global trade has collaborated with Marco Polo in an attempt to facilitate further development and more working capital finance solutions. Jacques Levet,…

Burundi Bans Cryptocurrency Trading Due to Lack of User Protection

The Republic of Burundi in central Africa has banned the trading digital currencies in the country due to associated risks. As Bloomberg reported on Sept. 4, some Burundian citizens urged the government to take action regarding cryptocurrency trading after they lost money while dealing with virtual currencies. The government subsequently banned crypto trading explaining that it cannot provide appropriate user protection. Commenting on the issue, Alfred Nyobewumusi, a director at the central bank’s micro-finance department, said, “Strong measures could be taken against all those who will not respect this decision.”…

Anti-Altcoin Analyst – CCN Markets

Though other cryptocurrencies will likely go through periodic pumps, bitcoin is the only crypto with real and lasting value, according to Peter Brandt. | Source: Shutterstock Are you holding cryptocurrencies other than bitcoin? If so, you might want to overhaul your portfolio. That’s because an expert in classical charting principles warns that buying altcoins is not a wise investment decision. Not now, not ever. Altcoins Are ‘Lead’ to Bitcoin’s ‘Gold’ Earlier this week, Peter Brandt took to Twitter to remind altcoin maximalists that bitcoin is the king of cryptocurrencies. “When…