Meltem Demirors news

building @CoinSharesCo treasury. investing w/ athena & 3.0 capital. teaching @MIT@UniofOxford. formerly @dcgco. Active since 2011.

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Meltem Demirors Is Wrong – Blockchain Is Not Dead And Here’s Why (Op-Ed)

Blockchain took it on the chin this week as several big names in the industry speculated that the technology that underpins Bitcoin and other cryptocurrencies has been over-hyped. Meltem Demirors, CIO of CoinShares Group, even went so far as to declare blockchain “dead.” Don’t Start Eulogizing Blockchain Quite Yet Demirors, along with more than a thousand enthusiasts, investors, financial managers, regulators, and other movers and shakers in the crypto space, were on hand at this year’s Invest: NYC conference on Tuesday. Elaborating on the demise of blockchain, she explained: “After two, three years of spending a lot of money on this and a lot of investment dollars going into this, I think the bigger question as an investor is: What’s the scalable revenue model and is there equity value that’s created in these businesses? And arguably the answer is: not yet.” I have an immense amount of respect for Demirors. She is one of the most influential women in crypto and knows far more about its intricacies than I ever will. She’s also taught courses on blockchain strategy at Oxford and is a member of the World Economic Forum’s Blockchain Council, which is why her comments stuck out so much. While her arguments about scalable revenue models and equity value with respect to a lot of blockchain startups is spot on, her assertion that the technology is dead is just…well…WRONG. Blockchain and the Dotcom Bubble I’m 47 years old, which makes me not quite older than dirt. I remember the dotcom bubble very well – in fact, I got my start as a web developer right about the same time. Back then, investors were throwing money at online business ventures left and right. If your business had “.com” at the end of it, there was a good chance that you could find someone, somewhere to invest in it. Some business ideas had merit, while others should have never seen the light of day. When the bubble finally burst, it did so in spectacular fashion. In less than a year, the Dow Jones Internet Index fell by more than 72 percent, and internet companies were dropping like flies. Even otherwise successful online companies saw their stock values plummet, and the Internet was declared “dead.” In hindsight, the bubble bursting was a huge gift for the development of the Internet. All of the rubbish projects, fly-by-nighters, and get-rich-quick folks fell by the wayside, and real-world use cases began to emerge. That’s what is happening with blockchain. I’m not saying the bubble has burst, but some air is being let out, which isn’t necessarily a bad thing. The “Long Island Blockchains” of the space are slinking away, as are those companies who thought that they could ride the hype all the way to the bank. So What is the Current State of Blockchain? Blockchain isn’t dead, folks. It doesn’t even have the sniffles. The developments in the space may not be as sexy as a cryptocurrency going up 10x in value in a month, but they are happening quickly and in increasing numbers. Published last month, Deloitte’s 2019 Global Blockchain Survey offers some insights that point to a very optimistic future for blockchain technology. The survey polled 1,386 senior-level executives in 10 industry groupings from around the world. Some of the key findings include: More than 40% of respondents in these industries said their companies planned to invest $5 million or more in blockchain initiatives in the next 12 months: Tech, Media & Telecom (49%) Energy & Resources (43%) Manufacturing (43%) Life Sciences & Health Care (41%) More than 40% of respondents in these industries said they were currently hiring blockchain talent: Tech, Media & Telecom (56%) Manufacturing (53%) Life Sciences & Health Care (48%) Financial Services (47%) Professional Services (45%) Retail, Wholesale & Distribution (43%) Industrial Products & Construction (43%) On a near-daily basis, we hear news about another company implementing blockchain for shipping and logistics. Governments are getting in on the action, too. The US, UK, Brazil, Singapore, Dubai, and Switzerland are just a few of the countries where governments are implementing blockchain technology to improve public services for their citizens. And let’s not forget about China. Just a few weeks ago, President Xi Jinping declared that blockchain technology “plays a critical role in technology innovations and industrial revolutions” and “should be made an essential way and main direction to drive China-led technology innovation.” What’s more, the country plans to significantly increase its blockchain investments, to the tune of more than $2 billion by 2023. Not bad for a “dead” technology. Featured image courtesy of Medium. The post Meltem Demirors Is Wrong – Blockchain Is Not Dead And Here’s Why (Op-Ed) appeared first on CryptoPotato.
CryptoPotato

Meltem Demirors and Jill Carlson Pose Tough Questions at SF Blockchain Week

Questioning the assumed role of bitcoin – that’s one area few would want to explore, especially in a room filled with blockchain enthusiasts. This is exactly what Meltem Demirors and Jill Carlson did at the San Francisco Blockchain Week as featured attendees of the event. Meltem Demirors, the Chief Strategy Officer at CoinShares Capital and […]
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Facebook’s Libra is not a cryptocurrency, claims CoinShares’ Meltem Demirors

The largest cryptocurrency in the world, Bitcoin [BTC], saw a drastic fall in its price on July 16, as U.S. legislators sharpened their arguments against crypto and its viability.  Bitcoin noted a fall of 12% in its price and was being traded at $9,591, at press time. However, providing support to the coin was Meltem Demirors, […] The post Facebook’s Libra is not a cryptocurrency, claims CoinShares’ Meltem Demirors appeared first on AMBCrypto.
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Daily Crypto News - Monero Site Hacked | Fidelity Gets Licensed | SLP Postage | LocalCryptos | More!

Daily Cryptocurrency News: November 19th, 2019 - Bitcoin, Ethereum, & More Crypto Content! Topics Include: ► Price Overview ► Monero Malware Warning - https://twitter.com/DarkDotFail/status/1196668999519657984 ► Greyscale Bitcoin Trust's SEC Filing - https://medium.com/grayscale-investments/gbtc-sec-filing-8b4cb229088 ► Coinbase & Coinbase Pro To Migrate DAI/SAI - https://blog.coinbase.com/coinbase-and-coinbase-pro-plan-to-support-multi-collateral-dai-514407679b86 fI ► Fidelity Digital Assets Gets NY Trust Charter to Custody Bitcoin for Institutions - https://medium.com/@FidelityDigitalAssets/enabling-institutions-to-access-a-new-medium-for-assets-b9d8329c8766 ► Announcing LocalCryptos - https://blog.localcryptos.com/announcing-localcryptos/ ► Dash Evolution Open-House - https://www.dash.org/evolutionopenhouse19/ 😀 𝙏𝙝𝙖𝙣𝙠 𝙔𝙤𝙪 𝙁𝙤𝙧 𝙒𝙖𝙩𝙘𝙝𝙞𝙣𝙜! 🚩 Remember to subscribe and hit the bell "🔔" icon, so you don't miss your daily cryptocurrency news! 👉Sign-Up For BlockFi & Earn Interest On Your BTC/ETH Every Month: https://blockfi.com/?ref=1ed0f176 -~-~~-~~~-~~-~- 𝘞𝘦 𝘥𝘰 𝘰𝘶𝘳 𝘣𝘦𝘴𝘵 𝘵𝘰 𝘮𝘪𝘯𝘪𝘮𝘪𝘻𝘦 𝘢𝘥𝘴, 𝘢𝘯𝘥 𝘦𝘭𝘪𝘮𝘪𝘯𝘢𝘵𝘦 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱𝘴 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘴𝘰 𝘵𝘩𝘢𝘵 𝘺𝘰𝘶 𝘤𝘢𝘯 𝘳𝘦𝘭𝘺 𝘰𝘯 𝘵𝘩𝘦 𝘪𝘯𝘧𝘰𝘳𝘮𝘢𝘵𝘪𝘰𝘯 𝘺𝘰𝘶 𝘨𝘦𝘵 𝘩𝘦𝘳𝘦. 𝘐𝘧 𝘺𝘰𝘶'𝘥 𝘭𝘪𝘬𝘦 𝘵𝘰 𝘴𝘶𝘱𝘱𝘰𝘳𝘵 𝘵𝘩𝘪𝘴 𝘦𝘯𝘥𝘦𝘢𝘷𝘰𝘳: ⭐ Please Support The Channel On Patreon - https://goo.gl/vpX5sW ⭐Please Support The Channel On YouTube - https://bit.ly/2I4omX2 -~-~~-~~~-~~-~- 💓𝐂𝐫𝐲𝐩𝐭𝐨 𝐃𝐨𝐧𝐚𝐭𝐢𝐨𝐧𝐬 𝐀𝐥𝐬𝐨 𝐀𝐫𝐞 𝐑𝐞𝐚𝐥𝐥𝐲 𝐀𝐩𝐩𝐫𝐞𝐜𝐢𝐚𝐭𝐞𝐝 (𝐀𝐧𝐝 𝐏𝐫𝐞𝐟𝐞𝐫𝐫𝐞𝐝)! 💎►Donate Ether and Ethereum-Based Tokens: 0x1466032B4F0F13910DA35B16371807428CB40714 💎►Donate Bitcoin: 3JKQycXHdD5yqSRTf5VabM28Ff9AfXYcJD 💎►Donate Bitcoin Cash: qrsq45lsrumctyu98mgjgc0qjaleng2jdgau3qz90x 💎►Donate Dash Xn1sUfFDkZAwArJ6mtJUYVLndnmXctxA1L 💎►Donate Monero 463EDu2cqU4ASxLVVKYkVMbk1Nz6TQyy9Wt8b3D5CdJjZh9JukZNGUyLvbJnXoJNRXTN98cSpLSRVN2bYoDTmsxkJSUKtmy 💎►Donate Using Paypal: https://goo.gl/7m1X4Z -~-~~-~~~-~~-~- (っ◔◡◔)っ 𝙈𝙐𝙎𝙏 𝙃𝘼𝙑𝙀𝙎 ► Ledger Nano S Crypto Hardware Wallet - https://bit.ly/2TQG8PZ ► Personal Book Recommendations, Crypto Clothing, & More - https://www.amazon.com/shop/obham001 ► Crypt0 Merch - https://bit.ly/2uHudK4 ►The Brave Browser (Fast Browser That Will Pay You In Tokens If You Choose To View Ads): https://goo.gl/NpNa53 -~-~~-~~~-~~-~- 🚀𝙁𝙊𝙇𝙇𝙊𝙒 𝙐𝙎 ► Steemit - https://goo.gl/YNAK2u ► Facebook - https://bit.ly/2FSR5gb ► Reddit - https://www.reddit.com/r/crypt0snews/ ► Instagram - https://goo.gl/tV9kZh ► Twitter - https://goo.gl/fY2W2k ► Soundcloud - https://bit.ly/2uGY3hF ► Twitch - https://bit.ly/2FSFu0i ► Sticher - https://www.stitcher.com/podcast/omar-bham/crypt0s-news -~-~~-~~~-~~-~- **Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have. #bitcoin #ethereum #cryptocurrency #blockchain #crypto #economics #investing #trading #futurism #cryptonews #btc #eth #eos #litecoin #technology
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Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC

Grayscale Investment has submitted a filing with the U.S. Securities and Exchange Commission (SEC) that could change the status of its popular bitcoin investment product.  On November 19, 2019, the company filed a securities registration form with the SEC which, if approved, would see its popular Bitcoin Trust product become the first-ever digital currency investment product to be regulated by the SEC.  The Bitcoin Trust was initially launched as a way to give more investors exposure to bitcoin with some barriers to entry eliminated, like the need to protect your own private keys. The pursuit of regulation by the SEC through this voluntary filing appears to be an effort in the same vein. “This filing is the latest step on the road to regulatory maturity for digital currencies,” according to a Grayscale press release sent to Bitcoin Magazine. “After creating the first FINRA-regulated Bitcoin investment product, Grayscale once again is leading the industry in facilitating responsible regulatory oversight of the asset class. If the SEC approves the filing, the structure of the Bitcoin Trust would not change, nor would its regulatory classification. “This is a voluntary filing that, if deemed effective, would designate the Trust as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”),” the press release reads. An SEC reporting company is also called a “reporting issuer.” By becoming a reporting company, Grayscale would likely be subject to periodic and ongoing disclosure requirements designed to keep investors informed on major updates concerning their investment. Potential Changes for Bitcoin Trust Investors Following approval from the SEC, accredited Bitcoin Trust investors would see a reduction in the statutory holding period for their investment from 12 months to six months, giving them liquidity sooner. This means that investors who had previously purchased shares in the trust’s private placement could resell them on the secondary market within six months. The trust would also be changing how it files quarterly and annual reports. With SEC approval, it would have to file its reports and audited financial statements as 10-Qs and 10-Ks — specific report templates as designated by the SEC.Grayscale’s Bitcoin Trust became the first publicly traded bitcoin fund in 2015 (as the Bitcoin Investment Trust), having received approval on the OTC Markets Group’s OTCQX exchange. The company, which is behind a significant “Drop Gold” advertising campaign, has seen its bitcoin product rise in popularity since its launch. Per a recent quarterly report, Grayscale attracted $254.9 million in net investments for its products, with two-thirds of the inflows secured attracted by the Bitcoin Trust. The post Grayscale Files to Make Bitcoin Trust First to Be Regulated by SEC appeared first on Bitcoin Magazine.
Bitcoin Magazine

Monero Website Hacked, Downloads Infected with Crypto-Stealing Malware

The official Monero website has been hacked and versions of its downloadable Command Line Interface (CLI) software have been infected with XMR-stealing malware. A security warning was sent out on Twitter alerting users that “CLI binaries available on http://getmonero.org may have been compromised at some point during the last 24h. Investigations ongoing.” #Monero Security Warning: CLI binaries available on https://t.co/UYopePqqdo may have been compromised at some point during the last 24h. Investigations ongoing.https://t.co/BqnONy4PPg — Monero || #xmr (@monero) November 19, 2019 Shortly thereafter, Monero’s core development team confirmed the incident on Reddit, admitting that the infected files had been served from the website for roughly 35 minutes before they switched to a secure fallback source for serving downloads. Cautioning users to always check the integrity of downloaded files, the team said: “If you downloaded binaries in the last 24h, and did not check the integrity of the files, do it immediately. If the hashes do not match, do NOT run what you downloaded. If you have already run them, transfer the funds out of all wallets that you opened with the (probably malicious) executables immediately, using a safe version of the Monero wallet (the one online as we speak is safe — but check the hashes).” Monero Team Still Investigating The hack was originally discovered by GitHub user nikitasius who posted on the official Monero project repository that he had noticed that the SHA256 hash for the downloaded file did not match the SHA256 hash shown on Monero’s website. Upon further scrutiny, he also noticed that the hashes for monero-wallet-cli didn’t match either. At the time of writing, the Monero team is still investigating the incident to determine how the files were compromised. Although it is not known yet how many users downloaded the infected software, at least one person has come forward reporting that their Monero wallet had been drained after downloading and running the infected binary file. Reddit user moneromanz posted: “I can confirm that the malicious binary is stealing coins. Roughly 9 hours after I ran the binary a single transaction drained my wallet of all $7,000. I downloaded the build yesterday around 6pm Pacific time.” He added that it appeared that “the attacker forked from commit f07c326f1 in the public repo” and warned users not to run the binary in order to check the version. The automod in the r/Monero subreddit appears to have deleted the original for reasons unknown. The price of Monero abruptly fell by more than five percent Monday morning – from $62.43 to $59.12 in less than three hours. After falling further to $58.56 overnight, XMR has since begun to regain some lost ground and is currently trading at $60.03. The post Monero Website Hacked, Downloads Infected with Crypto-Stealing Malware appeared first on CryptoPotato.
CryptoPotato

Mimblewimble Attack is ‘Factually Inaccurate’, Grin Team Responds

The claim that hired computing power could “break” the Mimblewimble privacy tool for Litecoin (LTC) is inaccurate, according to a response from the Grin development team.  Weakness Did Not Reveal Final Senders or Receivers The Grin team admitted that the protocol held a known weakness, but directing hired computing power from AWS did not constitute an ‘attack’. The analysis of Ivan Bogatyy managed to glean some network data, but the conclusions that the flaw could not be repaired were also inaccurate. While transaction linkability is a limitation that we’re looking to mitigate as part of our goal of ever-improving privacy, it does not ‘break’ Mimblewimble nor is it anywhere close to being so fundamental as to render it or Grin’s privacy features useless The creator of Litecoin, Charlie Lee, also tweeted that Mimblewimble had a known weakness, but this did not challenge the system as a privacy feature for LTC. This limitation of MimbleWimble protocol is well known. MW is basically Confidential Transactions with scaling benefits and slight unlinkability. To get much better privacy, you can still use CoinJoin before broadcasting and CJ works really well with MW due to CT and aggregation. https://t.co/M5sx92nzlZ — Charlie Lee [LTC] (@SatoshiLite) November 18, 2019 The information that could be gleaned was not as valuable as previously thought. The breaking of Mimblewimble veiling could not yield addresses, but only information about transaction outputs. The Grin team added that this could not link identities to wallets and addresses, an approach often used by law enforcement. The team admitted that so-called “sniffer nodes” collected data, but only for a particular time period. By no means were all Mimblewimble transactions being tracked. Additionally, the information was not as relevant as previously thought, only linking outputs. For the team, this was old knowledge, which did not compromise the veiled identities of users. Another inaccuracy was that the analysis did not unravel the “transaction graph”, and did not arrive at any possible identifying information about counter parties. The “sniffer nodes” mapped the activity, but could not trace where transactions originated. Within the Mimblewimble network, transactions never appear as identifiable information to outside observers, and no addresses exist. Mimblewimble Offers Stripped-Down, Private Blockchain Mimblewimble was proposed back in 2016, as a protocol to obscure transactions for multiple coins. The protocol was most prominently adopted by Litecoin, as a tool to make the asset a rival to Monero (XMR) and ZCash (ZEC). The Grin project is an implementation of the Mimblewimble blockchain. The protocol uses limited data to keep the distributed ledger, without linking addresses. So far, Mimblewimble has minimal usage, with very few transactions within the network. The GRIN token currently trades at $1.27, after a daily slide of 10% following a downturn across all markets. Mimblewimble is the brainchild of pseudonymous user Tom Elvis Jedusor, none other than the French anagram of “Je suis Lord Voldemort”. What do you think about Grin’s response? Share your thoughts in the comments section below! Images via Shutterstock, Twitter @SatoshiLite The post Mimblewimble Attack is ‘Factually Inaccurate’, Grin Team Responds appeared first on Bitcoinist.com.
Bitcoinist

BUTTON Wallet building new exchange solutions for Zilliqa (ZIL)

BUTTON Wallet, a messenger-based cryptocurrency solution for trading and buying digital assets, announced today its involvement in the LongHash Hatch and ZILHive Incubator, a joint 12-week incubation program that provides a full range of support for early-stage blockchain projects. The BUTTON Wallet team is using the Incubator as an opportunity to further develop simpler, more […] CryptoNinjas: BUTTON Wallet building new exchange solutions for Zilliqa (ZIL)
CryptoNinjas
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