Steemit Sets Up Shop on Tron Network

Steemit, the blockchain-based social media platform where users can be paid to curate or create content, is partnering with the Tron Foundation to bring Steem dapps and users to Tron. The companies announced Friday that Tron and Steem developers will jointly be looking into migrating Steem products and users to the Tron network, and ultimately swapping the STEEM token for a new Tron-based version. No timeline for this migration was presented. Steem, which was originally founded by Dan Larimer and Ned Scott, claims to have more than 1 million users,…

US Intelligence Officials Are Funding Research on Dollar-Crushing ‘Black Swan’ Events

The U.S. Office of the Director of National Intelligence (ODNI) wants to sponsor a post-doc researcher to study what would happen if the U.S. dollar lost its status as the world’s reserve currency. In a job listing posted late last year, the agency called for applicants from the U.S. who have a background in economics. The deadline to apply is Feb. 28. The agency said the research – the first of its kind for the intelligence community’s post-doc program – could help the U.S. prepare for “black swan” events that would threaten…

Novogratz’s Crypto Investment Firm Galaxy Digital Shrinks Workforce 15%

Galaxy Digital, the cryptocurrency merchant bank founded by Wall Street veteran Michael Novogratz, has laid off 13 people, roughly 15 percent of its workforce, people familiar with the situation said. The layoffs occurred across the board in early January, and all of the New York-based firm’s business divisions – asset management, trading, principal investments, and advisory services – were left intact. In other words, no business line was singled out or discontinued. Nearly 80 people remain on staff. The company is hiring for several open positions, one source close to…

Why Crypto Sentiment and Prices Are Soaring

With blockchain puppets (we really mean it) on TV, CNBC pushing the bitcoin-as-gold narrative and The Guardian seeing connections between coronavirus and bitcoin’s recent rally, we’ve got a lot to talk about on today’s episode of The Breakdown. After Monday’s quick retrace, bitcoin and the rest of the market went green again. In this episode, @nlw breaks down the shifting sentiment, looking at: Disclosure Read More The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of…

Libra Minus Facebook: Why Celo Is 2020’s Buzzy Token Project

Investors from Silicon Valley to Switzerland are whispering about it. The team behind that project, C Labs, is combining the ethereum and Libra models with a $30 million war chest from the likes of Polychain Capital and Andreesen Horowitz (a16z). And with their stablecoins and reserve baskets, the shared backing of a16z isn’t the only similarity between the two projects. “The Celo mobile app, bringing stable payments and remittances to the unbanked, has a chance to bring broad swaths of people to the world of blockchain technology and crypto, but…

Retail Investors Aren’t Interested in Crypto Derivatives, Says eToro Executive

Despite being one of the largest crypto derivatives platforms, an eToro executive said he isn’t losing sleep over the U.K.’s proposed retail ban. Over breakfast in a central London restaurant, inside what used to be the Midland Bank, Iqbal Gandham, eToro’s U.K. managing director since 2016, said the country’s decision to ban retail access to all crypto derivatives would likely have a “minimal” impact on its business. With more than 10 million users worldwide, eToro is one of the largest trading platforms in the world. Gandham said the company has…

US Military Contractor BAE Systems Wants to Hire ‘Cryptocurrency Exploiters’

One of the world’s largest defense contractors is seeking “cryptocurrency exploiters” to support a client based in Washington, D.C. As advertised on LinkedIn, BAE Systems, McLean, Va., is searching for candidates who can “demonstrate proficiency in cryptocurrency” and can move to the Washington metropolitan area to “support a client’s operational requirements.” Successful candidates must either be a certified bitcoin professional or expert (CBP/X) – industry-standard certifications – or have a “substantive understanding” of cryptocurrencies. That will include expertise in elliptic curve algorithms and zero-knowledge proofs, as well as “hands-on experience…

LabCFTC Wants to Meet FinTech Startups in New York

LabCFTC, the U.S. Commodity Futures Trading Commission’s (CFTC) financial technology experimentation branch, is holding office hours on April 1, asking local companies to ask questions, discuss issues or present their projects. The CFTC announced Tuesday that participants can register for the office hours by emailing LabCFTC@cftc.gov (email subject line should say “NYC Office Hours”) “Office Hours provide FinTech innovators and entrepreneurs an opportunity to engage with LabCFTC to discuss ideas, share a presentation and gain better understanding of CFTC’s framework,” the announcement said. The CFTC and its securities-focused counterpart, the…

JPMorgan May Merge Its Blockchain Project With Ethereum Studio Consensys: Report

Banking giant JPMorgan Chase may soon merge its Quorum blockchain project with ConsenSys, the ethereum-focused software developer and investor. According to a Reuters report Tuesday citing “people familiar with the plans,” while the terms of the deal currently under discussion are still not agreed, the merger might happen within the next six months. Quorum was first reported in 2016, creating a wave of excitement as it officially connected the bank with ethereum, even if it was a private version of the tech. The firm suggested at the time that the…