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The US town banning new Bitcoin mines – BBC News


BBC News

The US town banning new Bitcoin mines
BBC News
Power-intensive Bitcoin mining has been eating up Plattsburgh’s electricity quota and pushing up bills for local residents. Now the local government has imposed an 18 month moratorium on commercial cryptocurrency mines setting up shop. BBC Click finds

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BBC News

The US town banning new Bitcoin mines
BBC News
Power-intensive Bitcoin mining has been eating up Plattsburgh's electricity quota and pushing up bills for local residents. Now the local government has imposed an 18 month moratorium on commercial cryptocurrency mines setting up shop. BBC Click finds ...

and more »

Forget Emojis – Bitcoin Sentiment is Expressed Through Sticker Sets in Chats

Forget Emojis - Bitcoin Sentiment is Expressed Through Sticker Sets in ChatsOver the past few years, the cloud-based instant messaging service Telegram has become extremely popular as millions of users have patronized the platform. Among them there are lots of cryptocurrency enthusiasts in various channels talking about their favorite digital assets. One particular phenomenon that has swarmed the digital currency space on Telegram are cryptocurrency-themed sticker […]

The post Forget Emojis – Bitcoin Sentiment is Expressed Through Sticker Sets in Chats appeared first on Bitcoin News.

Forget Emojis - Bitcoin Sentiment is Expressed Through Sticker Sets in Chats

Over the past few years, the cloud-based instant messaging service Telegram has become extremely popular as millions of users have patronized the platform. Among them there are lots of cryptocurrency enthusiasts in various channels talking about their favorite digital assets. One particular phenomenon that has swarmed the digital currency space on Telegram are cryptocurrency-themed sticker sets.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Forget Emojis - Bitcoin Sentiment is Expressed Through Sticker Sets in Chats
Even though Pepe is the king of crypto sticker sets, there are more funky cryptocurrency themed stickers on Telegram.

If you are a passionate cryptocurrency enthusiast or trader then you probably use the Telegram app to follow certain groups discussing bitcoin and the myriad of cryptocurrencies in the space. Certainly, if a digital currency community exists then there is probably a Telegram group for that specific digital asset. Now crypto-proponents like their memes and GIFs and share them often on the platform when something crazy happens within the digital currency universe. Another great phenomenon shared widely on Telegram are customized sticker sets that reflect a person’s moods, much like an emoji.

One particular sticker set on Telegram making the rounds is the ‘BCH Gang’ series shared by bitcoin cash supporters. The set features the rap artist Lil’ Windex saying “I got that bitcoin cash,” “BCH Gang,” and more with silly green and red chart candles in the backdrop. Another set shared by BCH supporters is the ‘Bitcoin Warz’ series featuring Spongebob Squarepants saying “Store of Value” with some rainbows, and a Lightning Network supporter doing mental gymnastics yelling ‘Bcash.’

Cryptocurrency Sticker Sets: Expressing 'Rekt' Emotions in a Different Way

Then there is the infamous ‘Fit Vitalik’ sticker set displaying an extremely muscular Vitalik Buterin doing many things throughout the series. There’s commentary on the steroid-infused V sticker pack that has the Ethereum inventor saying things like “No Pain No Gainz,” and “Make Vitalik Big Again.” The ‘Fit Vitalik’ sticker series comes complete with a Christmas themed sticker for those feeling merry during the holiday season.

Cryptocurrency Sticker Sets: Expressing 'Rekt' Emotions in a Different Way

Another hilarious set is the ‘Ship’ sticker series which has a few funny crypto-infused catchphrases like “When Lambo?” “When Homeless?” “Hodl Hodl,” and more. The Ship set also has a few pictures of a Nissan Micra, Lamborghini, and some nerdy dude with a cute girl that says “When Golddigger?”

The Ship Sticker Set

Cryptocurrency Sticker Sets: Expressing 'Rekt' Emotions in a Different Way

The ‘Tether’ sticker set is another series that has quite a lot of humorous stickers to choose from tied to everyone’s favorite ‘stablecoin.’ The sticker set has pictures of a great Tether candle or a picture of the Tether logo sitting on a royal throne. There are other pictures that say “Bitfinexed,” and “Bitmexed,” and one of JP Morgan’s Boss Jamie Dimon calling BTC “Worse Than Tulip Bulbs.”

The Tether Sticker Set

Cryptocurrency Sticker Sets: Expressing 'Rekt' Emotions in a Different Way

The ‘Blockchain’ sticker set is another favorite that is always sure to please a crowd of cryptocurrency enthusiasts. The set is a large assortment of cut out images of cryptocurrency luminaries. The series has quite a lot of liked and disliked personalities, dignitaries, and pundits within the cryptocurrency industry. Hate them or love them the members of the cryptocurrency community in this sticker pack include Craig Wright, Adam Back, Blythe Masters, Charlie Lee, Matt Corallo, Ben Lawsky and more.

Cryptocurrency Sticker Sets: Expressing 'Rekt' Emotions in a Different Way

There are many more cryptocurrency sticker packs on Telegram and listing them would take all day. One particular king within the Telegram cryptocurrency sticker set collections is Pepe the Frog. Throughout the many Pepe sticker sets on the messaging app, the green frog can often be seen doing all kinds of digital currency themed activities like trading shitcoins. The cryptocurrency industry is alive and well this spring as their favorite assets start to recover from the ‘Crypto Winter’ of 2018 — Many enthusiasts shared the all-time high and low emotions through custom sticker sets found in the alleyways of digital currency Telegram channels.

What do you think about cryptocurrency infused sticker sets on Telegram? Is there a specific set on Telegram that you enjoy? Let us know about it in the comments below.


Images via Shutterstock, and Telegram sticker sets. 


Need to calculate your bitcoin holdings? Check our tools section.

The post Forget Emojis – Bitcoin Sentiment is Expressed Through Sticker Sets in Chats appeared first on Bitcoin News.

Bank of Korea to Study Crypto and Blockchain Role for Cashless Society

The Central Bank of Korea (BoK) has announced it will consider cryptocurrencies and blockchain-based applications for it’s “Cashless Society” project. Bank of Korea to Study Cash Alternatives As reported in local media outlet TokenPost, The Bank of Korea has released it’s “2017 Payment Report” which includes an official announcement of its Cash-Free Society pilot project. Part

The post Bank of Korea to Study Crypto and Blockchain Role for Cashless Society appeared first on NewsBTC.

The Central Bank of Korea (BoK) has announced it will consider cryptocurrencies and blockchain-based applications for it’s “Cashless Society” project.

Bank of Korea to Study Cash Alternatives

As reported in local media outlet TokenPost, The Bank of Korea has released it’s “2017 Payment Report” which includes an official announcement of its Cash-Free Society pilot project. Part of the report also mentioned that the BoK has been working with overseas banking institutes to explore the possibility of applying blockchain technology and password security to payment systems.

The BoK had already announced in January that it would initiate research on the impact of cryptocurrency on the financial system through implementing digital money and the possibility of issuing a central bank password.

Project goals are said to be increasing user convenience by eliminating physical money and also saving the cost of producing and distributing it. South Korea spent $47 million creating and issuing physical currency in 2016.

The BoK has been studying a move towards a cashless society since 2016 and made 2020 its goal for being cash free. In 2017 the bank began a trial that allowed customers to deposit change from transactions with specific pay systems located in mini-marts and department stores to smart cards that would hold that balance.

Study Holds no Fix for Regulatory Conflicts

South Korea has struggled with its attempts to regulate cryptocurrencies in the nation since the 2017 Bitcoin boom which created a buying craze among the public. In January the Ministry of Justice declared it would ban cryptocurrency trading. This decision was overturned by the Minister of the Office for Government Policy Coordination in February following a petition and moves on the part of exchanges to take legal action.

Since then exchanges in the country have taken it upon themselves to self-regulate. 14 Korean exchanges came together in mid-April to draft their own set of rules aimed at creating transparency and eliminating loopholes that can be exploited for criminal and money laundering use.

The April 30 report also touched on the countries ICO ban in effect since October of 2017. Though there was no mention of a repeal of the ban the report mentioned how “US, Switzerland, and China will be accepting and enacting regulations related to cipher money through overseas case studies.” A possible allusion to the government adopting a wait and see how other countries manage their regulations and policy.

Korean startups have been leaving the country in order to raise money on ICO friendlier shores such as Hong Kong, Singapore, and Switzerland. Critics of the ban say this will stagnate the country’s growing fintech industry.

Image from Shutterstock

The post Bank of Korea to Study Crypto and Blockchain Role for Cashless Society appeared first on NewsBTC.

Ripple Price Technical Analysis – XRP/USD Testing Key Resistance

Key Highlights Ripple price recovered nicely and moved above the $0.8100 resistance against the US dollar. There was a break above a key bearish trend line with resistance at $0.8200 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently struggling to break the $0.8450 resistance and the 100

The post Ripple Price Technical Analysis – XRP/USD Testing Key Resistance appeared first on NewsBTC.

Key Highlights

  • Ripple price recovered nicely and moved above the $0.8100 resistance against the US dollar.
  • There was a break above a key bearish trend line with resistance at $0.8200 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is currently struggling to break the $0.8450 resistance and the 100 hourly simple moving average.

Ripple price is showing positive signs against the US Dollar and Bitcoin. XRP/USD has to move above the $0.8500 barrier for more upsides in the near term.

Ripple Price Trend

After a major drop below the $0.8200 support, Ripple price found support near $0.7800 against the US Dollar. The price traded as low as $0.7806 before it started an upside correction. It recovered and moved above the $0.8100 resistance level to start a fresh upside wave. It also succeeded in clearing the 23.6% Fib retracement level of the last decline from the $0.9100 swing high to $0.7800 swing low.

More importantly, there was a break above a key bearish trend line with resistance at $0.8200 on the hourly chart of the XRP/USD pair. The pair gained pace and moved above a key pivot level at $0.8280. However, the price is currently facing a strong selling interest below $0.8500 and the 100 hourly simple moving average. The 50% Fib retracement level of the last decline from the $0.9100 swing high to $0.7800 swing low is also around $0.8450. Therefore, it seems like there is a significant barrier forming for buyers around the $0.8400-0.8500 levels.

Ripple Price Technical Analysis XRP USD

Looking at the chart, a proper break above the $0.8500 resistance could open the doors for more upsides. The next barrier in the mentioned case could be $0.9100. On the downside, the broken resistance near $0.8200 will most likely act as a support.

Looking at the technical indicators:

Hourly MACD – The MACD for XRP/USD is slowly moving back in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is above the 50 level.

Major Support Level – $0.8200

Major Resistance Level – $0.8500

The post Ripple Price Technical Analysis – XRP/USD Testing Key Resistance appeared first on NewsBTC.

Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On BitcoinOn Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors […]

The post Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin appeared first on Bitcoin News.

Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

On Tuesday, reports regarding the notorious Facebook investor and venture capitalist Peter Thiel and his Founders Fund was revealed. According to sources familiar with the matter, Thiel’s fund has made an investment in the startup Tagomi, a firm that plans to execute cryptocurrency buy and sell orders as a brokerage service dealing with institutional investors and family offices.

Also read: This Guy Is Fighting a Legal Battle with the CFTC over Bitcoin Classification

Peter Thiel’s Founders Fund Helps Inject $15.5 Million in Capital Into the Cryptocurrency Startup Tagomi Systems   

The Peter Thiel Founders Fund is betting that institutional investors want to get in on bitcoin and cryptocurrency markets. Thiel’s venture-capital firm maintains the biggest portfolios in Silicon Valley and just recently it made an early-stage investment in Tagomi Systems Inc. The Wall Street Journal reports that Tagomi is a startup that aims to provide electronic-trading guidance to cryptocurrency investors. Tagomi is a startup based out of New York, and the company just filed a Form D notice with the Securities and Exchange Commission (SEC) on March 15.

The report on May 1 details that the Founders Fund was involved in a funding round for Tagomi that resulted in $15.5Mn USD. The publication did not detail whether or not the Founders Fund led the seed round, and details on Tagomi’s business model is relatively unknown. However, the recently filed Form D with the SEC shows that the Founders Fund managing partner, Napoleon Ta, is named as one of Tagomi’s directors. According to reports Tagomi plans to facilitate high-speed electronic brokerage services with cryptocurrencies to institutional investors and family financial management services alongside over-the-counter (OTC) operations.

Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin

Long on Cryptocurrencies: Tagomi Systems is the Founders Fund’s Fourth Cryptocurrency Venture

The Facebook and Paypal investor Thiel is a big believer in bitcoin and cryptocurrencies. Earlier this year the Founders Fund revealed it had allegedly “amassed hundreds of millions of dollars” of bitcoin since mid-2017. Just recently during an interview with the Economic Club of New York, Thiel stated he was ‘long’ on bitcoin and called it the internet’s gold.

I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions — There will be one online equivalent to gold, and the one you’d bet on would be the biggest.

Tagomi Systems is not the only cryptocurrency project the Founders Fund has dipped its venture capital paws into. Thiel’s fund has also recently invested in the tokenization platform Harbor. Additionally, Thiel’s organization has injected capital into the funds Polychain Capital, and Metastable Capital which are primarily focused on cryptocurrency investment vehicles as well. Tagomi’s Form D filing with the SEC shows the firm has declined to disclose its revenue range, and the securities offered by the startup are disclosed as “equity.”

What do you think about Peter Thiel’s Founders Fund throwing more money at cryptocurrency ventures? Let us know what you think about this subject in the comments below.


Images via Pixabay, AP, and CNN.


Do you like to look at cryptocurrency market capitalizations and see how your favorite cryptocurrency is doing? Check out Satoshi Pulse, it aggregates data for the top 500 cryptocurrencies including prices, market valuations, and charts

The post Peter Thiel’s Founders Fund Thinks Institutional Investors Want In On Bitcoin appeared first on Bitcoin News.

Asian Cryptocurrency Trading Roundup May 2: EOS Passes Ethereum in Trade Volume

FOMO Moments The crypto selloff that started this week has abated and markets are relatively stable, and even up marginally, this morning in Asia. Total market capitalization is over $420 billion at the moment which is a little higher than yesterday’s level. Bitcoin has hovered around $9,000 over the past 24 hours and has gained

The post Asian Cryptocurrency Trading Roundup May 2: EOS Passes Ethereum in Trade Volume appeared first on NewsBTC.

FOMO Moments

The crypto selloff that started this week has abated and markets are relatively stable, and even up marginally, this morning in Asia. Total market capitalization is over $420 billion at the moment which is a little higher than yesterday’s level. Bitcoin has hovered around $9,000 over the past 24 hours and has gained just under 1%. Altcoins are nearly all in the green with of course one or two performing much better than the others. Today’s altcoin of the morning is EOS, and Verge is not far behind.

We seem to be featuring the same cryptocurrencies time and time again on ‘fomo moments’ which is testament to their resilience and performance when the digital chips are down. Coinmarketcap is reporting a 12% climb for EOS which is trading at just under $19 at the moment. It took a hit yesterday and fell back to $16.75 but has recovered well. On the week EOS has gained 37% from $13.8 this time last Wednesday and reached a new all-time high of $22.79 on April 29. The monthly picture shows this altcoin being one of the top performers with a 215% increase from around $6 this time last month. Against Bitcoin EOS is up 11% on the day to 209000 satoshis from 187000 sats this time yesterday.

EOS has currently surpassed Ethereum in terms of trade volume with $3 billion traded in the past 24 hours. ETH has only managed $2.4 billion in the same period. It is the hot crypto at the moment and momentum continues to build. No new announcements have driven price action so it seems that investors are looking to get into the next big thing in crypto.

Most of that $3 billion in trade volume has been handled in Southeast Asia this morning. All major exchanges such as OKEx, Bithumb, Upbit, and Huobi have shared trade with almost 70% between them. Pulling away from Cardano in 6th place, EOS now has a market cap of $15.6 billion and is chasing down BCH in fourth place.

Total crypto market capitalization has climbed marginally on the day by 4% to $423 billion, however total trade volume has dropped 25% to $23 billion over the 24 hour period. The only other altcoins in the top 25 with double digit gains during Asian trade are Verge on 12% and Aeternity on 10%. Cardano, Stellar and Lisk have also had a good morning with around 9% gains.

More on EOS can be found here: https://eos.io/

FOMO Moments is a section that takes a daily look at the top 25 altcoins during the Asian trading session and analyses the best performing one, looking for trends and possible fundamentals.

The post Asian Cryptocurrency Trading Roundup May 2: EOS Passes Ethereum in Trade Volume appeared first on NewsBTC.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”The list of crimes to earn the opprobrium of IOTA fans is growing by the day. Journalists who fail to pen fawning hagiographies of David Sønstebø and his team are singled out for persecution by IOTA acolytes. But it’s not just reporters who are blacklisted: anyone who tweets a link to an IOTA story – or […]

The post IOTA Supporters: Tweeting a News Link Is “Spreading FUD” appeared first on Bitcoin News.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

The list of crimes to earn the opprobrium of IOTA fans is growing by the day. Journalists who fail to pen fawning hagiographies of David Sønstebø and his team are singled out for persecution by IOTA acolytes. But it’s not just reporters who are blacklisted: anyone who tweets a link to an IOTA story – or who even likes a tweet – is also deemed an enemy combatant.

Also read: London-Based LBX Exchange Adds Bitcoin Cash to Its Offerings

IOTA’s Defenders Go on the Warpath

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”As someone famous once said, “The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.” It’s an ethos that a subset of the IOTA community have taken to heart. Last week, the Financial Times’ Jemima Kelly wrote about IOTA’s obsession with controlling the narrative. While no organization welcomes unfavorable press coverage, IOTA has gone to extreme lengths to penalize anyone who doesn’t toe the party line. In her piece, Kelly explained:

IOTA talks a lot about FUD (fear, uncertainty and doubt), a term adopted by the crypto community to refer to critical commentary. The acronym might also reasonably be applied to its own approach to dealing with critics.

She added: “IOTA’s ‘troll army’ – which is how its team of online disciples is often referred to as – have scared off some people enough for them not to want to speak out. Two people we asked to speak to for this story told us they didn’t want to because they were worried about the consequences of doing so. One was worried about being threatened with physical harm. Tim Swanson, founder of tech consultancy Post Oak Labs and a leading authority in the space, told us he undid a retweet of a story that was mildly critical of IOTA because he felt intimidated by…a senior person from the IOTA team”.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

Liking a Tweet Is Now FUD

Jemima Kelly wasn’t kidding about sharing a tweet being grounds for referral to IOTA’s Politburo for Public Enlightenment, better known as Tangleblog. It is here that the most egregious thought crimes are called out. According to the blog’s author, for example, Zcash founder Zooko is guilty of spreading FUD by tweeting a link to Kelly’s FT article. As if that wasn’t heinous enough, Grayscale Investments had the temerity to like the tweet, which is apparently “breathtaking” and part of a “dirty agenda”.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

The list of organizations that IOTA and its army has called to boycott is too long to list, but includes Bitcoin.com, Coindesk, and The Next Web, whose lead journalist Mix has earned particular ire, and to his credit made a point of regularly prodding the IOTA beehive with scant regard for the consequences. When journalists get out of line by reporting the news, or Twitter users overstep the mark by sharing tweets, IOTA’s enforcers follow a predictable pattern.

Anatomy of an IOTA Attack

The first strike usually occurs on Twitter. The writer of an article such as this one will be sent veiled threats, told that they “aren’t a journalist” and ought to know better than to “spread FUD and misinformation”. If the writer has committed any minor infraction in the past – tweeting support for a now defunct cryptocurrency; composed an embarrassing personal blog; been pictured in an ill-advised Christmas sweater – this will be dredged up and used as ammo. It’s a dirty war and anything is fair game.

Next, the comments section of the article will fill up with copy pasted complaints as IOTA’s troll army goes into overdrive. With a publication such as news.Bitcoin.com, it may be suggested that the company is motivated to “FUD IOTA” because it fears that bitcoin is threatened by IOTA’s superior DAG technology. Or perhaps the writer is salty because they didn’t buy IOTA when it was 20 cents. While some journalists and researchers refuse to be cowed, others drink the Kool Aid, undo their retweets, and refrain from all public discussion about IOTA in favor of a quiet life.

IOTA Supporters: Tweeting a News Link Is “Spreading FUD”

It was Joseph Goebbels, for the record, who said that quote at the outset. “The essence of propaganda consists in winning people over to an idea so sincerely, so vitally, that in the end they succumb to it utterly and can never escape from it.” Inside IOTA’s Reichsministerium für Volksaufklärung und Propaganda, the education of the masses has only just begun.

Do you think a calm and reasonable debate will ensue in the comments section for this article? Let us know in the comments section below.


Images courtesy of Shutterstock, and Twitter.


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The post IOTA Supporters: Tweeting a News Link Is “Spreading FUD” appeared first on Bitcoin News.

Not Just Bitcoin: OpenBazaar Is Gearing Up for a Radical Redesign – Coindesk


Coindesk

Not Just Bitcoin: OpenBazaar Is Gearing Up for a Radical Redesign
Coindesk
Since startup OB1 launched in 2014 to develop a “bitcoin-powered” online market, the founders have focused almost exclusively on the world’s largest cryptocurrency. But with the scaling debate still raging in some ways, OB1 co-founder Washington

and more »


Coindesk

Not Just Bitcoin: OpenBazaar Is Gearing Up for a Radical Redesign
Coindesk
Since startup OB1 launched in 2014 to develop a "bitcoin-powered" online market, the founders have focused almost exclusively on the world's largest cryptocurrency. But with the scaling debate still raging in some ways, OB1 co-founder Washington ...

and more »

Not Just Bitcoin: OpenBazaar Is Gearing Up for a Radical Redesign

Now that the likes of Etsy are jumping on the crypto train, decentralized marketplace OpenBazaar is gearing up for its biggest overhaul since launch.

Now that the likes of Etsy are jumping on the crypto train, decentralized marketplace OpenBazaar is gearing up for its biggest overhaul since launch.

Vertcoin’s Twitter Account Hacked, Promised Fake Bitcoin Giveaway – Cointelegraph


Cointelegraph

Vertcoin’s Twitter Account Hacked, Promised Fake Bitcoin Giveaway
Cointelegraph
The official Twitter account of Vertcoin, a peer-to-peer digital currency and software project, was compromised earlier today in an attempt to carry out a Bitcoin (BTC) scam. On May 1, the Vertcoin Twitter account posted an announcement of a

and more »


Cointelegraph

Vertcoin's Twitter Account Hacked, Promised Fake Bitcoin Giveaway
Cointelegraph
The official Twitter account of Vertcoin, a peer-to-peer digital currency and software project, was compromised earlier today in an attempt to carry out a Bitcoin (BTC) scam. On May 1, the Vertcoin Twitter account posted an announcement of a ...

and more »

Think Tank Director Tells UK Parliament That Blockchain Is ‘Pixie Dust’ and ‘Magic Wands’

Martin Walker, director of the Center for Evidence-Based Management, dismissed blockchain technology, claiming that the benefit to the financial system is “little to nothing.” #NEWS

Martin Walker, director of the Center for Evidence-Based Management, dismissed blockchain technology, claiming that the benefit to the financial system is “little to nothing.” #NEWS