The 6 Types of Users in the Cryptocurrency World

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Last year, Anton Rosenberg, a former employee of Russian social network Vkontakte reported that Telegram is going to launch ICO, as well as its own cryptocurrency and $1.2 bln token sale according to TechCrunch. Telegram founder Pavel Durov didn’t confirm this information, but he didn’t disprove it either. However, during an interview with Bloomberg, he … Continued

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Emotion vs Reason, Round 1: Historical Technology Hypes

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Emotion vs Reason I’m sure most decisions you make are based on numbers rather than intuition or perception.  However, some are clearly misinformed. Not because you did not search thoroughly, or because you couldn’t find enough data. Rather, there’s something increasingly more difficult to analyse than numbers and facts: people’s feelings towards an event. –disclaimer: … Continued

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Cryptocurrencies and Market Abuse Risks: It’s Time for Self-Regulation

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This opinion article is penned by Roy Keidar, Adv., special counsel at Israeli law firm Yigal Arnon and co & Stephane Blemus, legal counsel at Kalexius law firm, and PhD candidate on blockchain regulation at Paris Sorbonne University, France. The views expressed are those of the authors alone and should not be attributed to CCN. This … Continued

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Is the Wabi Team Over-Streched?

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Recently, there has been a lot of hype surrounding cryptos newest utility darling, Wabi. According to the white paper, Wabi is a “digital cryptocurrency which supports Walimai’s anticounterfeit system and is backed by sales of products”. Walimai, in turn, is a company founded in 2014 in the wake of counterfeit infant formula scandal which left … Continued

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Opinion: Cryptocurrency Gloom? It’s About the Bigger Picture

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On my last article, I mentioned the epic bloodbath currently going on among cryptocurrency markets. No coin is currently safe. I don’t think there has been such an aggressive pull-back since 2013. Looks familiar right? People are complaining about the negativity and the recent fud, although some analysis shows the ties may be turning. Nevertheless, … Continued

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Fighting for Bitcoin – Is Cryptocurrency Trading a Threat to Government Policies?

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The mere fact that Bitcoin is decentralized concerns governments at global scale because only a centralized system can be in full control. Mark Zuckerberg argued in a recent statement that the people once believed in the decentralized nature of technology. Over the years, they’ve lost faith because governments are now using it to manipulate the … Continued

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Sorry Snapchat, it’s time to say goodbye


I’ve been a Snapchat power user for the past four years. But, because Instagram has won my heart, I’m saying goodbye to the little ghost taking up 460 MB on my phone. I first heard of Snapchat’s controversial disappearing messages back in December 2013. I was skeptical of the concept, but at the same time, intrigued. So naturally, I went to the App Store and downloaded the app. I wasn’t sure what to expect, but because of its billing as the “next big thing,” I still had high expectations. When I opened the obnoxiously yellow, mysterious app for the first…

This story continues at The Next Web

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Chairmen of SEC and CFTC Co-Author Article on Crypto Regulations

Jay Clayton, the chairman of the United States Securities and Exchange Commission (SEC), and J. Christopher Giancarlo, the chairman of the United States Commodity Futures Trading Commission (CFTC), have co-authored an opinion piece recently published by The Wall Street Journal. The article outlines a number of perceived problems facing the cryptocurrency sphere from the perspective of market regulators, in addition to discussing whether the prevailing regulatory norms are applicable to the virtual currency economy.

Also Read: CFTC Files Against ‘My Big Coin’ for Scamming $6 Million USD

“Caution is Merited”

Chairmen of SEC and CFTC Co-Author Article on Crypto RegulationsThe WSJ article describes distributed ledger technology (DLT) as comprising “the advancement that underpins an array of new financial products, including cryptocurrencies and digital payment services.” The officials state that “Many have identified DLT as the next great diver of economic efficiency,” adding that “some have even compared it to productivity-driving innovations such as the steam engine and personal computer.”

The officials state the cryptocurrencies were initially promoted as “a payment-facilitation alternative to traditional currencies such as the dollar and the euro.” Now, however, “their purported utility as an efficient medium of exchange” comprises “a distant secondary characteristic,” overshadowed by their current promotion and employment as “investment assets.”

The recent explosion of interest in cryptocurrencies is compared to the over-exuberant bullishness that accompanies the dot-com bubble of the nineteen nineties. The article states that “Countless companies chased the dot-com promise, yet only a fraction survived,” adding that “Fewer still provided their investors with life-changing returns.” Of cryptocurrencies, the authors assert that “Experience tells us that while some market participants may make fortunes, the risks to all investors are high,” adding that “Caution is merited.”

Officials Hope Not to Discourage “Investments in Innovation”

Jay Clayton, Chairman of the SEC

The article states that “Earlier this month, the collective market capitalization of cryptocurrencies topped $700 billion,” with direct investment from U.S. investors comprising a “significant” share of the market cap. The officials note that “as market regulators,” their job requires that they “set and enforce rules that foster innovation while promoting market integrity and confidence.”

Their warning, the authors insist, should not be construed as “a statement against investments in innovation,” emphasizing that America’s “regulatory efforts should embrace [innovation].” It is argued, however, that a “substantial “portion of “DLT-related market activity shows little or no regard to our proven regulatory approach.” The officials claim that many platforms through which cryptocurrencies are exchanged are “based offshore,” adding that “none are registered with the Commodity Futures Trading Commission or the Securities and Exchange Commission.”

Regulatory Amendments Needed

Chairmen of SEC and CFTC Co-Author Article on Crypto RegulationsThe article advocates that policy-makers revisit the pertinent regulatory apparatus’ imposed on business operating with cryptocurrencies. The officials assert that “Many of the internet-based cryptocurrency-trading platforms have registered as payment services and are not subject to direct oversight by the SEC or the CFTC,” as question the “effective[ness] and efficien[cy]” or the corresponding regulatory frameworks “for the digital era.”

The officials also point to a lack of clarity regarding the regulatory jurisdiction of U.S authorities, arguing that while “In some areas, federal authority to police cryptocurrencies is clear […] In other areas, […] federal authority is murkier.”

The Launch of Bitcoin Futures Expands CFTC’s Regulatory Mandate Regarding Cryptocurrencies

J. Christopher Giancarlo, Chairman of the CFTC

The article also discusses the recent listing of bitcoin futures products by “two of the largest CFTC-regulated exchanges,” CBOE, and CME. The authors state that “Although the exchanges are permitted to ‘self-certify’ and commence trading futures products without CFTC approval,” significant time was spent “engaging with CFTC staff” in order to develop and “implement risk-mitigation and oversight measures.” The officials assert that as a consequence, the CFTC has “gained oversight over the U.S. bitcoin futures market and access to data that can facilitate the detection and pursuit of bad actors in underlying spot markets.” The piece also states that “The SEC is devoting a significant portion of its resources to the ICO market,” emphasizing that “The SEC will vigorously pursue those who seek to evade the […] requirements of our securities laws.”

Ultimately, the officials recognize that the cryptocurrency “markets are new, evolving and international,” and as such demand a “nimble and forward-looking” regulatory response. The article concludes by conceding that “[DLT] may, in fact, be the next great disruptive and productivity-enhancing economic development,” that is “likely to be followed by many more life-changing innovations.”

What is you response to Jay Clayton and J. Christopher Giancarlo’s letter on cryptocurrencies and regulation? Share your thoughts in the comments section below!


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Say it with me: Smart speakers don’t have genders


Thanks to the efforts of countless individuals my smart speaker is getting dumber. Some of you can’t seem to figure out whether Alexa is a girl or not, and what it means that she it has a woman’s voice. What we have here is a very complex problem with a really simple solution. Smart speakers aren’t people. That makes it a bit of a shock when I ask Alexa “What’s a bitch?” and it responds with “I’d rather not answer that.” Suddenly an ongoing argument about how people talk to smart speakers is causing it to mix up a pejorative…

This story continues at The Next Web

Robots that act like humans are a waste of time


If you make robots, and your target demographic isn’t children, stop trying to give your machines a personality. Robots suck at being humans. Instead of asking how robots can be more like people, just make them useful. One ridiculous robot after another graces our periphery in a never-ending cascade of failed human-interface designs. These almost-pointless machines are nothing but hyperbole factories and media magnets that somehow manage to keep getting created, despite engaging in borderline offensive behavior. Perhaps the success of useful robots, like the ones that build our cars or vacuum our floors, has confused other developers. If millions…

This story continues at The Next Web

Read this if you don’t believe in crypto


I use the term “Crypto” to describe the totality of what’s now possible via the “technologies” blockchain, cryptocurrency, smart contracts, and decentralization. On June 29th, 2017, I saw the “Crypto Light”, by which I mean, one instant I saw the world one way, and in the next instant, my whole view of the world changed. One moment I was trying to figure out if Crypto was a thing, and the next moment, I became certain that it was going to be the biggest thing to happen in the history of humanity. When I saw the Light, I joined a tens…

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Sex, the final frontier: Cindy Gallop raises $2M from mysterious investor for social sex tech

 “Everything’s a battle,” Cindy Gallop sighs, although ti’s clear she relishes those battles. What she means is that the entire Internet has long been divided into two separate, walled fiefdoms: one labelled “pornography,” the other marked with those three dread words “no adult content.” The territory between those two worlds, which she is trying… Read More

Boats and bros: Bitcoin’s millionaire millennials smell like the 1980s


Here come the Bitcoin bros, partying hard and snarfing some marijuana cigarettes, or whatever 20-year-old millionaires do. Except, this isn’t the 80s and we can’t prove there’s any cocaine. A recent yacht party saw 600 enthusiasts travel to exotic Thailand in a swank affair complete with cryptocurrency-themed music and plenty of booze. While the party-goers’ vessel steamed across the ocean, Bitcoin was making waves of its own. The popular cryptocurrency’s value plummeted thousands of dollars in mere hours, which certainly shifted many of the passengers’ fortunes by millions. But the party never stops when, if you’re optimistic, you know that’s just…

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Startups, please don’t buy my email address


One of my resolutions for 2018 was I wouldn’t write about the fraught relationship between technology journalists and the startups and publicists that pitch to them. Partially because nobody cares. It’s such a niche subject that’s relevant to only a handful of people. The punters at home aren’t interested; they just want to read about cutting-edge tech. But New Years resolutions exist only to be broken, and here I am writing yet another piece about article pitching. Sorry about that, but trust me, I’ve got a good reason to. Yesterday, a friend pointed me in the direction of a product…

This story continues at The Next Web

Bottom-feeding asshole removes women in Star Wars recut


In what may be the stupidest cry for ‘equality,’ and the worst conflation of unrelated issues we’ve seen, a female-free recut of “Star Wars: The Last Jedi” is making the rounds. It’s dumb, the person who made it is misguided, and the men’s rights movement should be ashamed it exists. The new cut weighs in at a lofty 46 minutes (down from 2.5 hours) and features sweeping cuts anywhere that a creature with boobs appears (save, a few scenes, including an action sequence with General Leia Organa). Vitriolic men’s rights activists (MRAs) have been storming the internet and raising hackles…

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Adobe closes its gender pay gap — now it needs to hire more women


Adobe last month announced it had reached its goal of gender pay parity for its employees in the United States, and that it would do so elsewhere by early 2018. Before now, female employees were being paid one cent less than men in the same position. According to Adobe, that’s no longer the case. It’s a great move towards fostering a diverse workforce, though Adobe needs to do just a bit more work hiring a diverse workforce. Adobe’s move comes as part of a Equal Pay Pledge, which Adobe signed two years ago along with several other companies, including Facebook,…

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Everyone hates us, and it’s not because of our sex parties

 It was, briefly, the zeitgeist’s perfect Silicon Valley story: a sex-and-drugs party hosted hosted by since-ousted top-tier VC Steve Jurvetson, at an official Draper Fisher Jurvetson event,attended by multiple billionaires including Elon Musk. So said Paul Biggar, founder of CircleCI, in a widely read Medium post, expanding on Vanity Fair’s excerpt of Emily Chang’s new book.… Read More