Coming up in today’s show:

• Two members of the IT old guard make a mess on the Blockchain – we’ll reveal how!
• JP Morgan does an about turn and finally acknowldeges crypto currencies …
• Why crypto currencies need a big player to step in and drive trust and uptake …
• AND where are all the women in crypto and what’s keeping them away?

The Top 5 Crypto News Stories from this week's show:

 

5 > Bill Gates Attacks Cryptos Calling Them ‘Super Risky’ on Reddit AMA, Draws Twitter Ire

Bill Gates – tech guru and philanthropist – made some sharp attack on cryptocurrencies. During a recent “Ask Me Anything” session on Reddit, Gates said that one of the key features of the virtual digital currencies is the anonymity they offer to the buyers, and this according to Gates, is NOT a “good thing”. As Gates was being quizzed during the Reddit AMA session on Tuesday, he seemed to be more focused on the downsides Bitcoin and other cryptos.

Gates also further went out to comment on the speculative nature of cryptos and said that it is “super risky for those who go long.”

https://beat.10ztalk.com/2018/02/28/bill-gates-attacks-cryptos-calling-them-super-risky-on-reddit-ama-draws-twitter-ire-coinspeaker/

4 > Steve Wozniak had $70000 in bitcoin stolen after falling for a simple, yet perfect, scam

Apple co-founder and technology genius Steve Wozniak revealed at the Economic Times Global Business Summit, that someone had stolen a handful of bitcoins from his account. According to Wozniak, seven bitcoins were bought from him, but the transaction was then immediately cancelled.

Also see: https://beat.10ztalk.com/2018/02/28/apple-co-founder-steve-wozniaks-bitcoin-theft-story-is-just-credit-card-fraud/

3 > JPMorgan Says It May Have to ‘Adapt' to Counter Crypto Adoption

… both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation. New technologies have required and could require JPMorgan Chase to spend more to modify or adapt its products to attract and retain clients and customers or to match products and services offered by its competitors, including technology companies.”

Also: https://www.ccn.com/dont-tell-jamie-jpmorgan-admits-cryptocurrencies-disrupt-banks/

The report was signed by JPMorgan CEO Jamie Dimon, a noted Bitcoin skeptic who has repeatedly lambasted the flagship cryptocurrency as a “fraud” and once threatened to fire any employees caught trading cryptoassets, although he recently walked back some of these comments.

Access the JP Morgan Blockchain document at:

https://bitcoinhungary.hu/wp-content/uploads/2018/02/5_6057884928140378143.pdf

Also: So Why Did Goldman Sachs-Backed Circle Really Buy Poloniex?

https://beat.10ztalk.com/2018/02/28/so-why-did-goldman-sachs-backed-circle-really-buy-poloniex/

https://www.coindesk.com/jpmorgan-says-it-may-have-to-adapt-to-counter-crypto-adoption/

2 > Amazon-coin? Most customers would use a cryptocurrency if online retailer creates one: Survey

• More than half of respondents in a new LendEDU survey said yes to the idea of using an Amazon-created cryptocurrency for purchases on the site.
• More than 58 percent of Prime users said they would consider using “Amazon Coins.”
• About 45 percent are open to the idea of using Amazon as their primary bank account.

https://www.cnbc.com/2018/02/28/majority-of-shoppers-are-open-to-amazon-cryptocurrency-survey-shows.html

Top Story 1 > Women in Cryptocurrencies Push Back Against ‘Blockchain Bros’

Virtual currencies and blockchain, the digital ledger that forms the basis of the cryptocurrencies, were intended to be democratizing and equalizing forces, buoyed by a utopian exuberance. But women who have been trying to participate in the gold rush are finding a lopsided gender divide. And some say the culture is getting worse, with the male-dominated culture buoyed by a new fleet of wealthy crypto speculators known as “blockchain bros.”

https://www.nytimes.com/2018/02/25/business/cryptocurrency-women-blockchain-bros.html

https://beat.10ztalk.com/2018/02/28/for-women-in-cryptocurrency-investor-jalak-jobanputra-is-betting-big-on-crypto-venturecanvas/

This week's Crypto quickies:

1) Rakuten is Launching Its Own Cryptocurrency Named Rakuten Coin:

https://www.coinspeaker.com/2018/02/27/rakuten-launching-cryptocurrency-named-rakuten-coin/

2) Rapper 50 Cent Denies He Is Bitcoin Millionaire

Read more at: https://beat.10ztalk.com/2018/02/28/rapper-50-cent-denies-he-is-bitcoin-millionaire-at-ban-news/

3) The Bitcoin Pizza guy does it again!

https://cointelegraph.com/news/original-pizza-day-purchaser-does-it-again-with-bitcoin-lightning-network

4) Bitcoin and the Banks: The Five Stages of Grief:

https://youtu.be/43Ucj6_Erb0

5) Bitcoin: Beyond The Bubble:

https://youtu.be/tx75jYKq1Qw