Bitcoin Needs to Kiss the Government’s Ring, Claims CME Chief Terry Duffy

Crypto will never be anything more than a fringe investment until it gets government backing. That’s the assessment of Terry Duffy, the CEO of top derivatives marketplace CME Group.  Duffy told Bloomberg that resistance to crypto is too great to overcome without institutional support from a central authority such as the government (see video above starting at 9:40). “Until governments really start to accept cryptocurrencies in some way, shape or form, it’s going to be difficult for the major commercial to get gung-ho on bitcoin or any other cryptocurrency.” Bitcoin Requires a ‘Lot of Controls’ Duffy notes that he

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Ripple (XRP) isn’t a Real Cryptocurrency, Claims Exchange that Just Listed the ‘Heavily Centralized’ Token

Ripple (XRP) is not a cryptocurrency, and it is heavily centralized in the hands of the corporate entity known as Ripple. That’s the opinion of a cryptocurrency exchange which listed XRP on its platform just one day ago. ‘XRP Is Not a Cryptocurrency’ The Coinmotion exchange, based in Finland, released this blog post just hours after listing Ripple on its trading platform, titled: “XRP is a Centralized Virtual Currency.” The post details the opinion of the exchange operators that XRP is not a typical cryptocurrency, is not backed up by a traditional blockchain, and that it is heavily centralized in

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Exclusive: Bitcoin Cash Developer Amaury Sechet Comes Clean on Satoshi Claims

CCN finally caught up with Bitcoin Cash lead developer Amaury Sechet, who recently graced our headlines with a bit of a stunt: claiming to be Satoshi Nakamoto. Amaury Sechet: I Didn’t Create Bitcoin Obviously, this was our first question for him. Sechet says the move was “a demonstration of what other scammers have done.” To clarify, he says that Craig Wright and others have made false claims to the throne of Satoshi Nakamoto. As Gregory Maxwell once explained on StackExchange, it’s sadly easily done: “So, for example, a couple years ago Craig Wright claimed to ‘prove he was Satoshi’ by

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Bitcoin Cash Developer Amaury Sechet Claims He’s Satoshi Nakamoto, Was He Really Being Serious?

The Bitcoin community will be rolling its eyes right about now. Bitcoin Cash developer Amaury Sechet, the self-described “benevolent dictator” of the Bitcoin ABC (primary) implementation of BCH, has claimed he is Satoshi Nakamoto. I am Satoshi Nakamoto. There it is said and I can prove it:304502200fc3909c3224bc140b7aed365f33f066bd81eabedd198ad2a257882e86586ae8022100f03c6f63cddb43ebf48512c9a0cc0f97fd2cf227d22f15691d7ad65e49ddd659 — Deadal Nix (@deadalnix) February 8, 2019 In the event the tweet is later deleted, here’s a screenshot: The Benevolent Dictator Sechet and Bitcoin ABC were cited by former Bitcoin Cash developer (now on Bitcoin SV) _unwriter as a primary problem for the BCH ecosystem. _unwriter believes that virtually anything that Bitcoin ABC

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This Crypto Payments Startup Claims it Got Punked Over the Weekend for a Fake Trademark Claim

Crypto payments processor AtomicPay.io’s front-end services were unavailable for a period of almost 8 hours this weekend due to a trademark claim by a company called Vertbase. Vertbase is a money services provider that sells cryptocurrency, while AtomicPay is a non-custodial crypto payments solution for merchants. CEO Benz Rif recently gave an interview to CCN, and informed us that he’d experienced problems with cloud infrastructure provider Digital Ocean. He also made a statement on the episode. Hostage-Taking Sales Tactics? Vertbase Tried to Sell AtomicPay.com to AtomicPay.io Digital Ocean said that AtomicPay.io was violating the trademark owned by Vertbase. The problem?

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Gemini Claims to be World’s First SOC 2 Compliant Crypto Exchange after Deloitte Audit

Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that

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Crypto Exchange QuadrigaCX Claims They Can’t Find Their Wallets

Canadian-based QuardigaCX says they can’t find their cold storage wallets. In a notice published on its website, the crypto exchange says they have filed an application for protection under the Companies’ Creditors Arrangement Act (CCAA), a Canadian law which deals with bankruptcies in Canada. For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be

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