Welcome to the Crypto Gossip, our round-up of articles and news items dedicated to keeping you in the loop with the crypto world, such as it is. The world of cryptocurrencies is definitely not in its best form. Let’s go through the events this week and then head into fleshing even more details:Bitcoin dropped below $3,700 on January 10th Maltese celebrities notified the police over an alleged crypto scam French tobacco shops start selling Bitcoin whilst regulators are far from reaching an agreement Samsung’s NEXT tech director says decentralization is more important than blockchain Belgium non-for-profit Twitter account seized and turned into French Tobacco Shops [...]
Here comes a slap for blockchain – and a big one at that. McKinsey, one of the most respected financial service agencies in the world, has found little evidence that blockchain is useful in practice. Ouch! That’s got to hurt. We’ve always believed that blockchain will be leveraged to add transperancy, facilitate financial transactions, and ultimately help banks to introduce more security to everything they do.Blockchain Is Not What We Expected, McKinsey Says
Not to mention that nobody would ever need to ever worry about their transactions being delayed due to human error or anything of the sort. It’s as simple as that and there’s no [...]
It’s the end of the year and it’s lights on for cryptocurrencies everywhere. After a devastating December for Bitcoin, with the cryptocurrency plummeting in a tailspin to the depths of despair, cryptocurrency and blockchain are still here.
Let’s finish, though talking about the news as they happened this week and put a distance between ourselves and any fears about the future of the industry.
At Cryptonewest, we’re once again quite certain that the industry is here to stay and there’s no mistaking that.A Taiwanese Man Bags $3-million Worth of Electricity to Mine Cryptocurrencies
Cryptocurrencies are hungry little [...]
The world of cryptocurrencies is quite different than regular finances. Although the all-defining features must all be there for success to be guaranteed. There are similarities and then again – there are differences, and we can’t quite put our finger on which is which.
Always a bit of a challenge, you will definitely want to see this new financial medium thrive because as long as it does, people will keep using it. Let’s check out what happened this week and what were the latest examples of Blockchain and Cryptocurrencies changing the world.Porsche and Banco Bilbao Vizcaya Argentaria (BBVA) Closes Loan
And so, BBVA has closed quite the loan [...]