The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. The cryptocurrency industry is still seeing the wave of FTX contagion playing out, and it is likely to face more similar crashes in the near future, Mow said in an interview with Cointelegraph. According to the executive, FTX contagion could be part of the Terra ecosystem collapse, which caused a domino effect on the industry, including major crypto lenders like Celsius and Voyager. “More …

Samson Mow, a well-known Bitcoin proponent, recently took to social media to talk about the centralization aspects of the upcoming Merge, which he claimed isn’t widely known. Ethereum is in the countdown mode after the completion of the Bellatrix upgrade on Sept. 6 and is all set for the official transition between Sept.13-15, depending on the hashrate (computer power) input on the network. The Merge is slated to be triggered by a difficulty threshold called the Terminal Total Difficulty (TTD) at a value of 58750000000000000000000. Mow claimed that while everyone thinks that the Merge will be triggered by pre-set threshold …

The week was filled with several new project developments and key updates from leading decentralized applications (DApps) and decentralized finance (DeFi) protocols. Fireblocks has expanded its institutional access to Terra’s DeFi ecosystem and Solana partnered with the Notifi network to improve the abysmal participation rates in governance votes. We will also look into the Cointelegraph research into the Terra ecosystem’s future and see if it can sustain the current growth. Samson Mow, the former executive at Blockstream, questions the decentralized aspect of the DeFi ecosystem. Top DeFi tokens saw another week of bearish price action despite several new developments and …

Samson Mow, former chief strategy officer of Blockstream and founder of Pixelmatic, said on Thursday that he has started a new company called JAN3 which will focus on accelerating Bitcoin adoption. The Chinese-Canadian Bitcoin entrepreneur told Reuters that JAN3 has already signed a memorandum of understanding to assist in developing digital infrastructure in El Salvador. "It's a general MOU that says we'll work together to build digital infrastructure for the country and for Bitcoin City.” Mow added that making the decision for JAN3 to work with El Salvador was an easy choice, "I just set up my company and I …

Blockstream chief strategy officer Samson Mow has announced he will be leaving the blockchain firm after five years. In a Tuesday Twitter thread, Mow said he would continue to be a “#BlockstreamSpy” following his departure from the Canada-based firm where he had worked since April 2017. He said he would stay on as CEO of game development company Pixelmatic, a position in which more “attention is being demanded,” but planned to focus on “nation-state Bitcoin adoption” in the future. ”With everything happening at light speed in El Salvador, and more and more countries interested in adopting #Bitcoin, I found my …

Australian digital asset manager Monochrome has concluded a $1.8 million Series A fundraiser led by some of crypto’s most influential entrepreneurs, underscoring the growing potential of institutional-grade crypto-asset solutions. The cash injection will be used by Monochrome to develop new products specializing in Bitcoin (BTC) and other digital assets, the company said. The Series A was co-led by Litecoin creator Charlie Lee, Blockstream chief strategy officer Samson Mow, former Binance CFO Wei Zhou and Kain Warwick, the founder of Blueshyft and DeFi protocol Synthetix. Following the raise, Monochrome’s total valuation was estimated to be worth roughly $15 million. Monochrome was …

On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing "regulated digital asset opportunities to institutions and retail investors". The following day, several crypto influencers tweeted what appeared to be promotional statements about the company and its token. Stefan Jespers, known as WhalePanda on Twitter, compared the INX token to Binance's BNB: Source: Twitter. A similar sentiment was voiced by Jameson Lopp, the CTO of Casa and a self-proclaimed cypherpunk: Both Jespers and Lopp are considered Bitcoin maximalists — a group that some categorize as …

Pixelmatic’s Infinite Fleet space adventure game raised more than $3 million within 24 hours from investors including Adam Back and Charlie Lee. According to a statement from Pixelmatic, shared with Cointelegraph, the game created by Blockstream CSO and Pixelmatic CEO Samson Mow raised $3.1 million on global online investment platform BnkToTheFuture through sales of its EXO token. A private funding round led by Litecoin (LTC) creator Charlie Lee, Blockstream CEO Adam Back, and Max Keiser, host of the Keiser Report went beyond Pixelmatic’s $3 million goal after an allocation on BnkToTheFuture sold out within 24 hours. Infinite Fleet’s publisher Exordium …

Prominent Bitcoin figures are working together to ensure the alpha release of Pixelmatic’s Infinite Fleet space adventure game is launched by the end of 2020. Infinite Fleet, under the leadership of Blockstream Chief Strategy Officer and Pixelmatic Chief Executive Officer (CEO) Samson Mow, is being backed by major crypto players like Litecoin (LTC) founder Charlie Lee, WhalePanda, “the father of cryptocurrency” Adam Back, former Bitfinex Chief Strategy Officer (CSO) Phil Potter, Max Keiser, and others. Some of them will even have their likenesses used for characters in the game. In-game currency on exchanges soon Their plan is to bring AAA …

Stablecoin Tether (USDT) is clearly the preference among investors but will not see a retail use case, Samson Mow says. The Blockstream CSO, who was speaking at Cointelegraph’s ongoing BlockShow conference on Nov. 15, noted that Tether’s first-mover advantage placed it in another league from the increasing number of other stablecoins on the market. Mow: Tether won’t be big in retail Mow made the comments during a panel dubbed “The progress of stablecoins — if any? Can I use it yet?” It featured representatives of several stablecoin companies, along with Chia Hock Lai, president of the Singapore FinTech Association. “Tether …

Hostility to Bitcoin (BTC) from the global regulators is a double-edged sword that can hurt authorities if they lose their power, the Blockstream Chief Strategy Officer (CSO) warned. During a panel at a Liquid meetup at Litecoin Summit on Oct. 29, Blockstream CSO Samson Mow predicted that regulatory restrictions to Bitcoin could have both favorable and unfavorable consequences for the regulators themselves. Regulators should be careful while enforcing Bitcoin regulation The panel is a part of the event hosted by BTC technology firm Blockstream and BTSE exchange in Las Vegas, BTSE’s global marketing director Lina Seiche shared on Oct. 31. …

Blockstream Chief Strategy Officer (CSO) Samson Mow says Bitcoin (BTC) is bad for payments but the Lightning Network solves this. Mow — who is also a co-founder of formerly top cryptocurrency exchange BTCC — made his remarks in an interview for SFOX blog on Aug. 15. Lightning changes the whole equation Mow conceded that he doesn’t yet have an everyday use case for Bitcoin, quipping that in daily life, he still uses credit cards, not cryptocurrency. The top coin, he argued, is designed in such a way that has an altogether different purpose: “It’s more of a store of value …