Billionaire CEO of American hedge fund Citadel Kenneth Griffin thinks a currency on the Ethereum (ETH) network will replace Bitcoin (BTC) as crypto’s top dog. Citadel manages over $40 billion of capital — a quarter of the trading volume in the US stock market. During this Wednesday’s Nov. 10 DealBook summit hosted by The New York Times, Griffith said that he anticipates that the “Bitcoin-based conception [will be] replaced by the Ethereum-based conception in the next generation of cryptocurrencies.” He added that Ethereum-based cryptocurrencies have “the benefits of higher transaction speeds [and] lower cost per transaction.” Ethereum is only slightly …

Last month, Bitcoin was adopted as legal tender in El Salvador, joining the U.S. dollar. The country's new Bitcoin Law, which will be enforced starting Sept. 7, will allow Salvadorans to use Bitcoin (BTC) as a currency to purchase goods and services, as well as to pay taxes and debt. El Salvador’s president, Nayib Bukele, has stated that Bitcoin adoption will hugely benefit the 70% of the local population that lacks access to banking services. He also believes that it will attract investments and create new jobs. However, the Bitcoin Law has raised multiple concerns. Skeptics say the cryptocurrency's high …

Bitcoin has a good chance of becoming the world’s reserve currency, although we are “at least 10 years away from that,” said Dan Held, Kraken's head of growth, in an exclusive interview with Cointelegraph. According to Held, the transition to "hyperbitcoinization" — a world where Bitcoin (BTC) is adopted by billions of users — starts with retail users, then institutional investors, and finally, governments getting involved. The permissionless nature of Bitcoin is the fundamental property that is leading this transition. “It’s true, free money. It’s money that no one can control other than you,” he pointed out. He said that …

In the midst of rising prices, Adam Singer showed his disapproval of the entire crypto space, describing it as cultlike. "Bitcoin went from a creative economic experiment to cult of over exposed, get rich quick neo goldbugs rooting for the end of the world," Singer tweeted on Thursday. Everyone is "watching the same chart 24/7 and taking online victory laps that would make Jordan Belfort blush every time their only holding has a >5% move," Singer added, referring to the infamous "Wolf of Wall Street" scam artist. Bitcoin prices on the move going into the halving With its block reward …

In its latest documentary, Cointelegraph reached out to crypto industry leaders all around the world to find out how the COVID-19 pandemic has affected their businesses. While large sectors of the world economy have been grinding to a halt due to the pandemic, the crypto industry was well prepared to face the crisis. Thanks to a fully digital and decentralized way of doing business, crypto companies have been adapting rapidly to these changes, shifting to fully remote operations without losing productivity. The only exception is the crypto event business: major events scheduled for the first half of 2020 were cancelled …

Jon Matonis and Roger Ver on the solutions Bitcoin offers to the gaming industry, Bitreserve’s Halsey Minor announces new customer, and ‘decentralized gaming’ with Credits. On February 3, the ICE Totally Gaming Conference 2015, dubbed “the largest and most comprehensive trade event in gaming,” dedicated a whole day of seminars on “Bitcoin and Cryptocurrencies” - a noteworthy move in itself considering that there was just one panel at last year’s event. The venue was full despite being tucked away in a separate 100-seat seminar room. Among those in attendance were the former Executive Director of the Bitcoin Foundation, Jon Matonis, …

The Electronic Transactions Association (ETA) announces new digital currency features, including the so-called "World of Bitcoin" exhibit showcase, at industry's major event, Transact 15. Powered by ETA, Transact 15 is one of the world's largest and most important events covering all aspects of the payments industry. This year, the digital currency industry will be represented through an exhibit showcase called "World of Bitcoin," which will be featuring leading Bitcoin payments solution provider BitPay. "With the launch of our World of Bitcoin showcase, and our partnership with BitPay to accept bitcoin payments, TRANSACT 15 is now the place to be for …

The music industry, along with print journalism, is one of the most obvious examples of the Internet completely flipping something on its head. Previous to Spotify, iTunes and even Napster, we used to buy our music, fifteen, twenty bucks at a time, and get an easily scratched CD with two good songs on it and a lot of fluff. Today, things are different. Thanks in large part to the efforts of pirates and programmers, the music industry has been forced to give us a better deal: Unlimited streaming music for a low monthly fee or at worst, reasonably priced MP3s. …

Santander Group, the largest bank in the Eurozone by market value, commissioned 'insight network' and consultancy firm Yegii to conduct a study to "analyze the impact of bitcoin and other cryptocurrencies on banks and devise a strategic course of action," reported HashReport. Yegii is based in Massachusetts and was founded in early 2014 by MIT Sloan School of Management senior lecturer and managing director at Tautec Consulting, Trond Undheim. Yegii is a consulting agency and an 'open innovation platform' which tackles technologic, political and business model-related issues. Its goal is to consolidate information from all sides of socioeconomics in order …

Leon Li is the CEO and founder of Huobi (“Fire Currency” in Mandarin), one of the largest Bitcoin exchanges in the world. At the start of 2014, the previously unheard of exchange outside of China became the largest trading venue by volume in the digital currency, creating rumors and speculations of fraud. “Having large volumes is related to our no-exchange fee strategy,” said Li in an interview with forexmagnates. Thus, it is largely speculated that the no trading fee policy resulted in the influx of micro-transactions, bot trading etc. raising trading volume. With Huobi making some big moves recently, including …