Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

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Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.His testimony makes an extensive number of critical points on the Bitcoin and cryptocurrency ecosystem. In this article, I want to set out a defense of Bitcoin against them. Importantly, I have not attempted to critically assess each and every single point he makes. Instead, I will focus my discussion on those areas of his testimony which I think are most important to defending Bitcoin. I offer no extensive defense for the cryptocurrency ecosystem in general because I am, to a substantial extent, in agreement with Roubini. Though there are certainly some projects of technical and economic value outside of Bitcoin, in my view, it is mostly Bitcoin that is of value and, therefore, what specifically needs to be defended against his claims. With regard to the “enterprise blockchain” ecosystem, as Roubini rightly notes, the word “blockchain” in this context is usually somewhat of a misuse of the term, and the initiatives in the enterprise ecosystem currently labeled as such generally have little to do with Bitcoin and cryptocurrencies. This is not to say that these enterprise initiatives have no value and are complete ...

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Caspian Completes Token Sale Early After Raising $19,500,000

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Institutional trading could get a head start in the cryptocurrency sector as trading platform Caspian closed its token sale early, after raising $19.5 million. The platform’s partnerships with BitMEX, Coinbase, Gemini, OSL and advisors like Ari Paul and Mike Novogratz have helped it gain more interest amongst the investors. The company raised funds via private […]Caspian Completes Token Sale Early After Raising $19,500,000 was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Cointext Launches SMS Bitcoin Cash Wallet in 4 New Markets

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The Cointext SMS Bitcoin Cash (BCH) wallet continues its rapid expansion around the world. Residents of one more country in South America and three more in Europe now have access to the service, which allows users to send money to mobile phone numbers or BCH addresses without an internet connection, additional accounts or the need […]The post Cointext Launches SMS Bitcoin Cash Wallet in 4 New Markets appeared first on Bitcoin News.

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Solo Energy and SolarCoin partner to increase renewable energy adoption

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Solo Energy and the SolarCoin Foundation have joined together, with the creators of the Virtual Power Plant now registered as an affiliate with the SolarCoin ecosystem. Solo Energy works to speed up the adoption of renewable energy sources such as solar photovoltaic (PV) and wind farms on a global scale. To do this it uses […]The post Solo Energy and SolarCoin partner to increase renewable energy adoption appeared first on CryptoNewsReview.

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Breaking: Crypto Giants Coinbase and Circle Launch Digital Dollar ‘USDC’

  49 minutes before

Cryptocurrency exchange and brokerage giant Coinbase has provided a major stamp of approval to one of several recently launched USD-pegged cryptocurrency “stablecoins” seeking to supplant tether (USDT) as the leader in this burgeoning market niche. The San Francisco-based Coinbase on Tuesday announced that, beginning today, customers can buy, sell, send, and receive USD Coin, theThe post Breaking: Crypto Giants Coinbase and Circle Launch Digital Dollar ‘USDC’ appeared first on CCN

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SEC Commissioner: Bitcoin ETF Applicants Should Focus on Liquidity, Custody, Market Surveillance

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Even amid bearish market conditions, the regulatory status of crypto assets remains a hot-button topic, as global governments attempt to discern how to best approach this emerging market. Leading the charge for fair regulation is arguably the U.S. Securities and Exchange Commission (SEC), which has done its best to protect investors from unwarranted financial risk,...The post SEC Commissioner: Bitcoin ETF Applicants Should Focus on Liquidity, Custody, Market Surveillance appeared first on NewsBTC.

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Fidelity's Cryptocurrency and Blockchain Technology SVP Joins BLOQ as COO

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Blockchain startup Bloq has announced the appointment of former Fidelity Investments executive Hadley Stern as its first chief operating officer — the latest in a string of hires poached from a legacy financial firm by blockchain startups.Launched in 2016 by Bitcoin core developer and former software engineer at Red Hat Jeff Garzik and venture capitalist Matthew Roszak, Bloq helps corporations build blockchain platforms. It delivers enterprise-class, blockchain solutions while supporting innovation in the blockchain and open-source ecosystem.Roszak, co-founder and chairman of Bloq, called Stern a “fearless innovator.”“As the shared surface area between conventional enterprises and the world of cryptocurrency expands, there is absolutely no better partner than Hadley for this role as we pursue continued, rapid growth in our business,” he added.In correspondence with Bitcoin Magazine, Stern said:"Joining a team with such strong development, product and business experience from the earliest days of this technology breakthrough is very exciting."Before joining Bloq, Stern had worked in various roles for Fidelity Investments. His most recent position was as senior vice president and managing director of Fidelity Labs, leading the company's efforts to birth Fidelity Digital Assets, among other things.His new role at Bloq would see him help the team operationalize client engagements, "ensure consistent and qua...

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