Bitcoin Cash approaches hard fork, Ethereum and Ripple briefly trade places, crypto-friendly lawmakers are elected in the US, and more!
Billionaire Eric Schmidt, the former chairman of Google, is a budding bitcoin and blockchain enthusiast who said ethereum could be a “powerful platform” whose untapped potential is off-the-charts.
Schmidt made the remarks during a live event with economist Tyler Cowen hosted by Village Global in San Francisco. Read more.
Overstock CEO, Patrick Byrne, thinks that digital currency could witness a mass adoption. His confidence came from his belief that the modern financial system is nothing but a giant Ponzi scheme and felt confident that it will ultimately collapse. He pointed out those nations such as Venezuela has already been witnessing virtual asset adoption and demonstrated how a fresh model will evolve itself. Read more.
The Hong Kong division of global accounting and consulting firm PwC is exploring the best practices for issuing stablecoins, as part of an initiative with the non-profit Loopring Foundation.
Announced Tuesday, PwC Hong Kong's Asia-focused study on stablecoins follows a PwC partnership in the U.S. to advise decentralized lending platform Cred, which is working on a U.S. dollar-tied coin. Read more.
The U.S. 2018 midterm elections saw crypto-friendly lawmakers securing governorships in three states, while maintaining two others.
Three new governors and two incumbent are ranked as very crypto-friendly, according to data compiled by the Digital Asset Trade Association (DATA), a blockchain advocacy group. The organization sent surveys to most gubernatorial candidates, rating their blockchain-friendliness based on their responses. Read more.
A new report from Forrester Research says the buzz around blockchain, a technology that creates tamper-proof records across multiple computers, is so over-hyped that some companies are dropping the word altogether. Read more.
Ether, the digital token that powers smart contract platform Ethereum, will experience a "monumental" breakout as soon as smart contracts can accept outside data, predicted analyst Ian McLeod. Read more.
Ripple (XRP) overtook Ethereum (ETH) to become the largest altcoin by market capitalization again today, Nov. 6, after gaining 18 percent in 24 hours.
William Shatner’s positive Tweet posted yesterday, Nov. 7 about Ethereum (ETH) co-founder Vitalik Buterin has led to backlash from crypto Twitter about the alleged centralization of Ethereum’s network. Read more.
A prominent bitcoin cash startup has launched a mining pool designed to attack altcoins and BCH forks that it does not believe fulfill Satoshi Nakamoto’s original vision for the cryptocurrency. Read more.