‘Mario of the Blockchain’ CryptoKitties Has Yet to Gain Wide-Scale Usage

'Mario of the Blockchain' CryptoKitties Has Yet to Gain Wide-Scale Usage 1  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

 By CCN: CryptoKitties, a smart contract-fueled decentralized app (dApp) built on the Ethereum blockchain, was supposed to be the one to jumpstart mainstream adoption of crypto. You know, kind of like the Mario Bros of crypto, but instead of Luigi and Mario, there are digital cats. After all, it was the app to clog the Ethereum blockchain, causing a bottleneck from the game’s popularity that slowed transactions to a snail’s pace. Nonetheless, the crypto ecosystem is still waiting for that one ‘killer app’ now that CryptoKitties and other promising dApps…

Bundesbank Ridicules Blockchain: Not a ‘Breakthrough’ Technology

Bundesbank Ridicules Blockchain: Not a 'Breakthrough' Technology 2  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: The president of Bundesbank – Germany’s central bank –  is not impressed by blockchain, despite the technology experiencing increased adoption in other sectors. German Central Bank: Blockchain Slow & Expensive According to statements made in Frankfurt on May 29, Bundesbank President Jens Weidmann claimed that a trial project to integrate blockchain failed miserably. As opposed to improving the bank’s operations, blockchain was slower and more costly, leading the president to conclude the technology failed to bring a “breakthrough” to the banking industry. Germany’s central bank ridiculed blockchain proponents’…

‘Bitcoin MegaCity’ Fraud Lands Nevada Promoter 21-Months in Jail

‘Bitcoin MegaCity’ Fraud Lands Nevada Promoter 21-Months in Jail 3  PASSIVE INCOME IDEAS BITCOIN AND BLOCKCHAIN

By CCN: A Nevadan who has been accused of wire fraud as well as operating an unlicensed money transmitting service using bitcoin has been sentenced to nearly two years in prison. Morgan Rocknoons, who also goes by the name Morgan Rockwell, had earlier pleaded guilty to both charges. Besides spending 21 months in jail, will also have to forfeit profits amounting to $80,600 that he generated illicitly. The profits are linked to wire fraud related to land. Per the sentencing memorandum, Morgan defrauded individuals by selling land he didn’t own.…