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Gartner Survey: 77% Of CIOs Have ‘No Plans’ For Blockchain

Over half of company CIOs surveyed by Gartner have “no plans” to use blockchain technology. Blockchain may be known to 66% of chief information officers (CIOs) but only 22% plan on using it, a new survey from Gartner released May 3 claims. According to the 3138 CIOs who responded to the survey, 14% want to use blockchain as part of their “medium- to long-term planning,” while 8% are eyeing “short-term” implementation.…
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Reddit CTO: ‘I Think Crypto Payments Will Come Back’ To Platform

Crypto payments could return to Reddit once API and “high fees” issues are resolved, its CTO has said. Reddit’s CTO blamed “high fees” for the platform no longer accepting Bitcoin payments in an interview May 2, but hinted they may soon return to the platform. Speaking in an interview with Cheddar, Christopher Slowe said that developers “didn’t have time” to update the Coinbase API used to accept BTC payments. Coinbase is in the midst of retiring its Merchant Tools and replacing them with a new operation titled Coinbase Commerce, a move which has sparked mixed reactions throughout the cryptocurrency industry. “They’re doing a great job, they’re doing a major revitalization of their payment gateway” Slowe said. “We just didn’t have time to upgrade our current API integration, and once the redesign… is landing, I think we’ll see crypto payments come back.” .@Reddit,…
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Payments Company Square Unveils Low Returns From Bitcoin Business Last Quarter

In its first-quarter earnings report Square revealed that Bitcoin-related business returned only a 0.6 percent profit. US payments processing company Square recently reported low profits from Bitcoin (BTC) trading in its Cash App last quarter, according to an article by Fortune Wednesday, May 2. According to Square’s earnings report, Bitcoin-related business generated about 5 percent of overall revenue, amounting to $34.1…
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Goldman Sachs Says Bitcoin ‘Is Not A Fraud’, Plans Trading

Goldman Sachs has revealed it wants to offer Bitcoin trading tools to clients after being “inundated” with requests. Goldman Sachs has said Bitcoin “is not a fraud” as it unveiled plans to buy and sell cryptocurrency, the New York Times reported May 2. In a move which sets the investment banking giant apart from its Wall Street competitors, Goldman will initially offer various contracts with Bitcoin exposure before rumoredly entering the trading arena. Commenting on the decision, Rana Yared, an executive involved in creating the offerings, said the bank had been “inundated” with client requests. “It resonates with us when a client says, ‘I want to hold Bitcoin or Bitcoin futures because I think it is an alternate store of value,’” she told the publication. “...It…
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#EIP-999: Why A Vote To Release Parity Locked Funds Evoked So Much Controversy

For now, at least, egalitarianism fought to save immutability. Parity’s recent call for a vote on their submitted EIP-999, which would allow for affected users to regain access to their assets stored in the multisig wallet, caused a stir within the Ethereum community, even prompting Vitalik Buterin himself to call for a boycott of Consensus 2018, stating “sensationalist” coverage of EIP-999 as part of the reason. The situation started with the July 2017 Parity hack, which resulted in the loss of 150,000 Ethereum (ETH).…