Federal Reserve: Bitcoin is like”Regular Currency” – In a blog post published this week to the Federal Reserve Bank of St. Louis’ blog the Federal Reserve attempted to compare cryptocurrencies to regular currencies and prove they are more “boring” than people think.
Iran bans Telegram: Iran’s judiciary banned Telegram on Monday accusing the popular messenger app of allowing armed opposition groups to fuel unrest. Domestic ISP’s have been forced to comply and will face prosecution for disobeying the order.
Coinbase valued at $8 billion in the equity package presented as part of the exchanges acquisition of earn.com. This $8 billion marks a huge increase from it’s $1.6 billion valuations last August when the exchange concluded it’s Series D round. The change in valuation is likely due to it’s new, institutional investor facing, product line.
Comcast Ventures bullish on blockchain: The managing director of the fund, providing an analysis of the current market said the pullback was to figure out the “real applications” of blockchain technology and that investors are likely to see a huge surge in the short term. Despite their optimism, the exchange is still waiting for blockchain’s “killer app”.
Mastercard files scalable blockchain patent: Mastercard International has applied for a patent for fast-tracking data processing on blockchain systems to increase transaction volume. The move comes as a surprise to some considering Mastercard has referred to cryptocurrencies in the past as “anonymous crap”.
Ethereum announces sharding: Ethereum creator Vitalik Buterin has announced that Sharding, a much-awaited scaling solution for the Ethereum blockchain protocol, is coming. Sharding is said to be an important part of the 100-fold increase in scalability experts claim is needed to support large-scale decentralized applications.