Siamak Masnavi

Siamak Masnavi

Siamak received his PhD in Computer Science from University of London in 1992. He has worked as a research scientist, technical author, software developer, and journalist. Since 2014, he has been researching cryptocurrencies and other applications of blockchain technology.

Articles by Author

'Bitcoin Is a Scam... a Colossal Pump-and-Dump', Says Former CEO of PayPal & Intuit

Bill Harris, former CEO of Intuit (1995-1999) and PayPal (1999-2000), in a post for Recode, calls Bitcoin a scam and "a colossal pump-and-dump scheme, the likes of which the world has never seen."

 

 

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Hedge Fund Manager John Pfeffer Says Bitcoin 'Could Reach $700,000'

Hedge fund manager John Pfeffer, partner at Pfeffer Capital, speaking at the 23th Sohn Investment Conference, declared Bitcoin better than gold "on every front'", predicted that it would reach '"no less than" $90,000", and that long term "it could reach $700,000."

 

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Malta's Prime Minister Calls Cryptocurrencies 'Inevitable Future Of Money'

Malta's Prime Minister, Joseph Muscat, says that he believes cryptocurrencies are "the inevitable future of money".

 

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Nasdaq-Listed Xunlei Launches New Blockchain Platform

Shares in Nasdaq-listed (XNET) Chinese technology firm Xunlei Limited jumped 6.32% on Friday after it announced a new high-performance blockchain platform called "ThunderChain". 

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Cryptos Don’t “Pass Basic Test” for Currency, Says Next President of NY Federal Reserve

John Williams, the man chosen to take over from William Dudley as President of the Federal Reserve Bak of New York on 18 June 2018, says that cryptocurrencies are not real currencies.

 

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Robbers Use Bear Spray To Steal From Bitcoin ATMs

Police in Texas are looking for two men who are using bear spray (a stronger form of peper spray) to rob Bitcoin ATMs. They've robbed two convenience stores so far.

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Robinhood Expands Its Zero-Commission Crypto Trading App To Colorado

Robinhood, the commission-free cryptocurrency exchange, announced yesterday via Twitter that it was expanding the rollout of its cryptocurrency trading app to Colorado.

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Inflation Over 8,900% Helps Bitcoin Adoption Hit Record Highs In Venezuela

As Venezuela's inflation rate reaches 8,900 percent, an ever-increasing number of its people are turning to Bitcoin (BTC) for help.

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Bitmain's Mining Pool Antpool Reveals It’s 'Burning' Bitcoin Cash

Antpool, the mining pool operated by hardware manufacturing giant Bitmain Technologies, recently announced that it is "burning" 12 percent of the transaction fees it receives from mining Bitcoin Cash (BCH).

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Bitcoin Mining Only Profitable At Prices Above $8600, Says Morgan Stanley

A team of researchers at Morgan Stanley -- led by analyst Charlie Chan -- believes that Bitcoin miners can only be profitable if prices stay above $8,600.

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Cryptocurrency Pyramid Scheme Exposed In South Korea

According to Yonhap News Agency, two men in South Korea allegedly managed to take 20 billion South Korean Won from unsuspecting investors using some kind of cryptocurrency pyramid scheme.

 

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Huawei Unveils Blockchain As A Service Platform Powered By Hyperledger Fabric

Chinese telecom giant Huawei (83 on the Fortune 500 list in 2017) has unveiled at Huawei's analyst conference in Shenzen a "Blockchain-as-a-Service" platform called "Blockchain Service" that is powered by Linux Foundation's Hyperledger Fabric Framework

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Basis - Why It Is A Better Cryptocurrency Than Bitcoin, As A Form of Payment

A US-based cryptocurrency startup called Basis announced yesterday that it had raised $133 million in a private placement from big-name investors such as Bain Capital Ventures, GV (formerly, Google Ventures), Lightspeed Venture Partners, Andreessen Horowitz, and Pantera Capital. It is building a new price-stable cryptocurrency (also called Basis) that eliminates volatility through the idea of an algorithmic central bank.

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Verge (XVG) Finally Reveals Identity Of Mystery Partner

At 15:00 GMT today, Verge (XVG) finally ended four weeks of speculation and confusion from fans and commentator, with the announcement of their mystery partner: Pornhub.

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What The IMF Chief Thinks About Crypto Assets And Their Regulation

Find out what the IMF Chief, Christine Lagarde, thinks about crypto assets and how policymakers should look at them.

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Verge (XVG) And The Tale Of The Mystery Partner

The price of Verge (XVG) went up over 300% between 19 March 2018 and 15 April 2018, mostly based on excitement surrounding the identity of the mystery partner that Verge has promised to reveal on 17 April 2017. This article summarizes everything we know so far about this partnership.

 

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Pakistan's Central Bank Forces Closure Of Cryptocurrency Exchanges

Urdubit, Pakistan's first bitcoin exchange, has been forced to close following a clampdown by its central bank on ICOs and virtual currencies. Other cryptocurrency exchanges, including the country's largest, BTCPK, have been forced to do the same.

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Billionaire Investor Tim Draper Expects Bitcoin To Reach $250,000 By 2022

Legendary tech investor Tim Draper, the man who has been caled "Nostradamus of the markets" claims that the price of bitcoin will reach $250,000 by 2022.

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Chinese Search Giant Baidu Launches Blockchain-Based Image Rights Management Platform

Chinese internet search giant Baidu has launched an AI- and blockchain-based image rights management and protection platform called Totem. Several traditional stock photo services have already moved onto the platform.

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Biggest Theft Of Cryptocurrency In India: Coinsecure Says 438 Bitcoins Have Been "Lost"

Late yesterday, Indian cryptocurrency exchange Coinsecure announced that the exchange had 'lost' 438 bitcoins during an exercise to distribute Bitcoin Gold (BTG) to its customers. In a letter to New Dehli Police, the CEO accuses the CSO of being involved in the theft.

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Santander and Ripple Launch Blockchain-Based International Payment Service

Spanish banking giant Banco Santander -- the world's 19th largest bank -- today launched "Santander One Pay FX", a blockchain-based international payment service that uses Ripple's xCurrent technology to allow retail customers to make same-day cross-border payments.

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Brazilian University Launches World’s First Master’s Degree In Cryptofinance

Yesterday, various news outlets reported that Brazil had launched the world's first master's degree in cryptofinance. We decided to investigate to see if this claim was true.

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Cryptocurrency Miners Moving To Norway And Sweden

Cryptocurrency miners are moving to Norway and Sweden due to lower electricity prices, which makes mining less costly, and lower temperatures, which makes it easier to keep mining servers cool (and thereby able to work at their maximum speed).

 

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MIT Finds Monero Transactions Not As Private As Previously Thought

Monero (XMR), is the most popular coin for people who want their transactions to be as private and untraceable as possible. Until now, its transactions were thought by many—especially its users—to be completely private and untraceable.

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