The US Department of Justice announced that it seized $1 billion worth of Bitcoin from the previously shutdown Silk Road dark web marketplace and has filed a forfeiture lawsuit to claim the money. There was an initial mystery buzzing online about who may have moved the 69,370 Bitcoin, as there was no movement from the wallet since 2015.
Various blockchain investigation firms had identified the connection of the coins to Silk Road, which was a dark
The United States used gold and silver as monetary standards since its founding until the US Dollar was fixed on a gold standard in 1879. Paper money was always used for daily use and served as a promise to pay with gold. Various banks issued their own paper notes, in addition to the Treasury issuing paper money, all of which looked different. To ensure that paper notes issued by banks were honored, the government created a national bank system
When crypto projects issue their newly minted digital coins for the first time, it’s commonly referred to as an Initial Coin Offering, or ICO. During an ICO, millions, or even billions of dollars of digital currency are often sold to excited coin holders. While an ICO is an exciting time, it can also attract some unwanted attention.
Case in point: there were a dozen class-action lawsuits filed on one Friday this past spring against a dozen different
Every niche has its own unique jargon and terminology, and crypto is no different. The often-technical language that is used can confuse and even turn off newcomers, so it’s important to clarify some popularly used cryptocurrency- and META 1-related verbiage to improve clarity, especially when reading content on the META 1 Coin website and blog.
While there are countless possible terms that could be explained, the following are some of the most
One of the main advantages of cryptocurrencies like META 1 Coin and others is the fact that there is no central bank or authority controlling the currency. Governments do not hold sway over digital currencies’ monetary policy and trading is a global, non-jurisdictional affair. It would seem that elections and government leadership would remain independent of crypto coin
Square, the digital payments company owned by Twitter CEO Jack Dorsey, has been very active in promoting cryptocurrency in recent years. It launched Square Crypto, the digital currency arm of Square, recently announced that the company bought $50 million worth of Bitcoin, and just decided to give a developer grant for a project making crypto wallets more user-friendly and palatable to digital currency newcomers.
The rationale behind the grant project
There was a time when people accepted the written word as truth. The famed Will Rogers epitomized this sentiment when he said, “The only thing I know is what I read in the papers.” Nations fought wars based on what their citizens read in newspapers, and emotions were driven by the writings of dedicated journalists.
Over time, the term “yellow journalism” became popular as people became aware of the intentional sensationalism and falsehoods
In a previous article, we discussed the Satoshi-based blockchain . It supports a consensus algorithm known as Delegated Proof of Stake (DPoS), which is a newer method of securing a cryptocurrency’s network. DPoS attempts to solve the problems of Bitcoin’s traditional Proof of Work (PoW) system, as well as the Proof of Stake (PoS) systems of Peercoin and NXT.
A consensus algorithm such as PoW, PoS, or DPoS, serves as a mechanism to validate transactions
Twelve years ago, on the eve of Halloween October 31, 2008, Satoshi Nakamoto published a white paper that would change the world forever. He outlined the concept of an exclusively peer-to-peer digital version of cash that could be sent from one person to another without involving a financial institution. He called this new digital currency and system: Bitcoin.
Satoshi is believed to be a fictional name created by the author to protect his identity.
META 1 Coin is one component among a full suite of offerings from META 1 Coin Trust. We have termed our complete financial ecosystem METANOMICS, which includes META 1 Coin, META Exchange and META Investment Bank. To get a better understanding of these offerings, the following is an overview about each aspect and the elements that comprise them.
META 1 Coin
We acquire a diverse mix of gold, among other assets, and assign them as security for the Private