The top news in the last 24 hours are shown below:
Bitmain has a New ASIC Chip for Mining #BTC and #BCH
The BM1397 is the next generation 7nm ASIC chip designed for mining SHA-256 cryptocurrencies, like bitcoin and bitcoin cash. It is the latest release by mining rig producer Bitmain.
Blackmoon and FintechSauce Partnered for ETx Investment Vehicles
Blackmoon and FintechSauce came together in a strategic partnership to devise exchange-traded index (ETx) products that are fungible to trade for profit simultaneously. Providing a complete entourage of ‘innovative ETX’s’ is the absolute goal of the partnership. The ETx will be backtested to track FintechSauce offerings.
Tim Draper: Criminals Will Be Only Ones To Use Cash in Five Years
A far too common misconception about Bitcoin and cryptocurrency is the erroneous notion that ”only criminals use it”. Now, however, famed Bitcoin bull Tim Draper is turning that suggestion on its head – proposing that in five years, only criminals will use cash. This claim came during a recent interview with Fox Business, on February 18th. Nevertheless, those familiar with Draper should not be surprised by this statement. Draper has earlier suggested that fiat currencies will eventually become obsolete.
Major Wealth Manager: Put Your Money On Cryptocurrencies Long-Term
The investment management firm Cambridge Associates urge institutions to put their money into cryptocurrencies. Cambridge argues that it is time to explore the opportunities and invest for the long-term. Cambridge Associates is a global consultant for pensions and endowments and work with institutional investors and family offices. They manage custom investment portfolios that aim to generate outperformance, according to their website. The firm currently manages $300 billion worth of client’s assets.
Coinbase Acquires Cryptocurrency Surveillance Company Neutrino
Coinbase has acquired the cryptocurrency surveillance company Neutrino, whose team will be joining the American exchange’s European operation. The Milan, Italy-based startup develops blockchain intelligence platforms for crypto companies as well as law enforcement agencies.
Cryptocurrency Can Now Be Purchased at 10,000 French Tobacco Shops
A partnership between French company Digycode and national point of sale (POS) provider Ingenico has gone live, making it possible to buy cryptocurrencies offline at 10,000 tobacco shops in France – just under half of the total number of licensed tabacs in the country. BTC, ETH, LTC, XRP, and DASH are currently available, with BCH and XMR scheduled for sale soon.
Indian Government Inaugurates National Crypto Forensic Lab
The government of India has inaugurated a national cyber forensics lab which includes a cryptocurrency forensic lab to perform crypto-related analyses. Alongside this is the inauguration of the Delhi Police’s cybercrime unit which will deal with fraud involving cryptocurrencies. It is the first cybercrime awareness and detection centre in the country, according to a commissioner.
Another ‘Satoshi’ Steps Out of the Woodwork, Calls Craig Wright a Liar
On Feb. 8, the chief executive of Nchain, Craig Wright, wrote a blog post that purportedly described his experience of creating Bitcoin. Wright’s essay states “I was Satoshi”, but throughout the story, he refuses to reveal his keys. It’s not the first time Wright has claimed to be Satoshi, but in the comment section of his blog post, another character calls him a “liar” and claims that he is, in fact, the real Satoshi Nakamoto.
Indian Police Arrest ‘Cashcoin’ Gang Accused of Scamming Millions From Investors
Police in Mumbai has busted a gang allegedly involved in a cryptocurrency scam that amassed an estimated 1 billion rupees (nearly $14 million). The gang targeted people by launching a cryptocurrency called Cashcoin and sold it to investors, promising to double their money.
Drivechain Creator’s Latest Paper Sparks Debate Over Bitcoin’s Future Security
Drivechain developer Paul Sztorc has the cryptocurrency community riled up over his latest blog “Security Budget in the Long Run.” The essay discusses the economics of BTC network fees over a long period and suggests rather than giving up the fees to competition; a dominant protocol should collect fees “from all networks.”
Survey: ‘Blockchain’ Was Most Overrated Buzzword of 2018
A study has determined that advertisers believe the word “blockchain” to have been the most overrated of 2018. This is hardly a surprise as many companies from fields entirely unrelated for cryptocurrency claimed to use or test blockchain technology last year with little to show for it.