CRYPTO TALKS

James Alexander was employed as the CCO of Cred, a crypto lender that filed for bankruptcy in November. Cred, a cryptocurrency platform being investigated by the bankruptcy court in Delaware, had a U.K. fugitive as its chief capital officer (CCO). James Alexander was employed as the CCO of Cred, the crypto lender that  filed  for bankruptcy in November with liabilities of between $100 million and $500 million. Alexander had been convicted of crimes relating to illegal money transfers in the U.K. in December 2007 and sentenced to over three years in prison. Subscribe to  First Mover , our daily newsletter about markets. SUBSCRIBE By signing up, you will receive emails about CoinDesk products  and you agree to our  terms & conditions  and  privacy policy . According to the court examiner’s report filed Monday (see below), there was a prison break at the facility where Alexander was incarcerated and he was identified by the U.K. government as a fugitive. The examination describes Alex

Bitcoin (BTC) and the cryptocurrency industry have gained  popularity  in recent months, in tandem with Bitcoin’s  price journey  up to $50,000 and beyond. Given the likely influx of new market participants, here are five things I would have liked to know when I became interested in the industry years ago.  Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Bitcoin Can Be A Currency Or A Store of Value Essentially, Bitcoin is a way to send value from one person to another, without needing to provide sensitive details, such as banking information and credit card numbers. Although it began as a transactional currency, as  detailed  in its original description published in 2008, Bitcoin has become  known  more as of a store of value asset similar to gold in recent years. Bitcoin is easy to move, borderless and is not tied to any specific entity or region. Its value is  si

Ethereum (ETH)   fans are celebrating the news that Ethereum scaling solution,   Optimism , is now set to launch on the network's mainnet next month, ahead of schedule. But what does this mean both for Ethereum and its users? "Mainnet in March. Scaling is coming to Ethereum,"  commented   SetProtocol  product marketing manager Anthony Sassano on the latest  announcement  by Optimism: the team has said that they'll be launching arbitrary contract deployment on mainnet in March instead of public testnet, with details to follow.  So what's the big deal? Layer 1 (L1) is the base protocol (the Ethereum blockchain), while Layer 2 (L2) is any protocol built on top of Ethereum. Optimism is an L2 scaling solution, which allows for the Ethereum mainnet to be 'unburdened' from the great number of transactions it has to process. It uses optimistic rollups to achieve lower fees and latency, as well as greater throughput compared to Ethereum L1 alone. The team behind Op

UK’s NHS Taps Blockchain Tech to Monitor Coronavirus Vaccine Cold Chain Hedera Hashgraph's blockchain platform will provide the health service with a tamperproof record of vaccine temperatures, the firm said. COVID-19 vaccine  -   Tanzeel Akhtar The U.K. National Health Service (NHS) is working with blockchain platform Hedera Hashgraph to monitor COVID-19 vaccines’ temperature while in cold storage. Asset-monitoring company Everyware will provide software to track the vaccines' temperature around the clock, while Hedera’s distributed ledger technology will provide the NHS with a tamperproof and efficient record of the data, according to a press release Tuesday. NHS facilities in the U.K.’s South Warwickshire, Stratford Upon Avon and Warwick hospitals region will be using the technology initially, with a wider rollout planned as vaccine distribution progresses. The vaccines need to be kept well below freezing in order to prevent spoiling, so accurate monitorin

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