Visa confirms Coinbase wasn’t at fault for overcharging users

 Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were down to a Coinbase engineering issue, Coinbase issued a statement saying it wasn’t liable for the duplicate charges. The blame, instead, rested with Visa for the way it handled a migration of merchant categories for… Read More

Coinbase blames Visa for glitch that overcharged users

 While Coinbase has had its fair share of technical issues the last few months, it seems the latest one may not be its fault. Earlier today reports started coming in across social media and Reddit that Coinbase users were seeing strange charges on their credit and debit cards. Many of these were users being double-charged for a past transaction, although there were also some (unconfirmed)… Read More

Blockchain engineers are in demand

 Demand is off the charts for blockchain talent, and the capital is waiting to back it up. Over $3.7 billion has been raised through ICOs in the United States alone. Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 jobs openings for every single blockchain developer. And as Nick Szabo, the developer who coined “smart contracts”… Read More

Senate cryptocurrency hearing strikes a cautiously optimistic tone

 In a hearing today before the Senate Banking Committee, Securities and Exchange Commission Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Christopher Giancarlo opened up about what the near-term U.S. regulatory fate of cryptocurrency might look like. In a week of plunging prices and bad news, the hearing struck a tone that coin watchers could reasonably interpret as… Read More

Where do we go now?

 The crypto crash is reverberating through the Internet while the “rest” of the economy – namely the stock market – enters free fall. Commentary on the very human and thus flawed stock market is still well within the realm of pundits and guys who press funny buttons on TV, whither crypto? First, the die hards are chiming in noting that they are retaining their… Read More

Lino is launching to be a crypto YouTube with $20 million from China’s most famous seed investor

 YouTube on the blockchain is one of the holy grails of the crypto community. The new generation of video artists and their audience seem tailor-made for a blockchain-based distribution and restitution system — one that depends on micro-payments and digitally secured provenance. It’d also be a system that could get creators out from under the yoke of YouTube, Snap, and Facebook… Read More

Samsung confirms it is making ASIC chips for cryptocurrency mining

 Fresh from toppling Intel as the planet’s biggest seller of chipsets, Samsung has confirmed that it has begun manufacturing ASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. “Samsung’s foundry business is currently engaged in the manufacturing of cryptocurrency mining chips. However we are unable to disclose further details regarding our… Read More