Is Bitcoin Over the Hill?
Is bitcoin getting the same attention it once was? Some are suggesting that the digital currency is losing its lustre, as enthusiasm wanes. But, how can we measure that, and whose enthusiasm are we talking about exactly? The technology industry can be a fickle and fashion-led business. Research firm Gartner even has a name for it: the hype cycle. The cycle is a line graph charted on two axes, with visibility on the vertical, and maturity on the horizontal. The Gartner hype cycle: Image via Gartner. It starts with a technology trigger (that would be Satoshi's invention of the distributed....
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A second Tampa Bay man has been charged for conspiracy and operating an unlicensed money transmitting venture. Ricardo Hill, one of the nine men allegedly linked to the JPMorgan data breach in 2014, was released on a $75,000 bond. Last week, Hill appeared at a Manhattan court to settle various charges filed against him for operating an unregulated Bitcoin exchange. Hill admitted he was aware of the fact that his Bitcoin exchange, Coin.mx, processed transactions involving the victims of the JP Morgan security breach. Considering Hill’s statement, the court ruled Hill to be guilty and noted....
The European Parliament is set to quiz several nominees for European Commission posts this week, including Britain's Lord Jonathan Hill, who is scheduled to appear before parliament today. Notably, Lord Hill is expected to discuss digital currencies during his appearance. Lord Hill, the commissioner-designate for the Financial Stability, Financial Services and Capital Markets Union portfolio, has already attended one hearing, which took place last week. At that hearing, Hill and another designate were posed a number of questions from lawmakers and committees, submitted by Martin Schulz,....
This report has been updated with a response to the SEC settlement from Sand Hill creator Gerrit Hall. The US Securities and Exchange Commission (SEC) has settled with Sand Hill Exchange, an experimental stock market that used bitcoin. Sand Hill, a Boost VC graduate that began operating late last year, agreed to pay a $20,000 settlement for alleged violations of US securities law, according to an SEC release. The founders of the site, the statement claims, did not admit to or deny the allegations but agreed to the SEC's cease-and-desist order. Sand Hill had pitched itself as an experiment,....
“The Biz” kicked off its first episode with Austin Hill, former CEO of Zero Knowledge Systems and former CEO of Blockstream.
Analysis by Drew Hinkes of Berger Singerman LLP. On June 1, 2015, the Securities and Exchange Commission (SEC) shut down and fined Sand Hill Exchange for acting as unregistered broker-dealers, selling security-based swaps, and offering swaps on an unregistered securities exchange. Sand Hill was a bold experiment: Could a trading platform operated across the Bitcoin blockchain allow parties to trade derivatives based on the perceived value of pre-IPO companies? Although Sand Hill may have accomplished the construction of a functional derivatives market traded over the blockchain, the SEC....