Bitcoin and Blockchain News Jan 15, 2016

Cryptsy Threatens Bankruptcy, Claims Millions Lost in Bitcoin Heist -

Amidst a withdrawal freeze and the filing of a class action lawsuit in federal court, Cryptsy has announced that it is insolvent. The exchange is claiming outstanding liabilities of approximately 10,000 BTC, or roughly $4.15m at press time, according to a new blog post posted to its website.

Stan Higgins / Jan 15, 2016 05:29 am

IBM Talks Open Ledger Project, Bright Future for Blockchain -

CoinDesk recently interviewed Jerry Cuomo, the IBM Fellow working on the Linux Foundation's Open Ledger Project. IBM is one of a group of more than twenty businesses and enterprises teaming up to build a new distributed ledger that Cuomo called "an implementation of the blockchain for business".

Stan Higgins / Jan 14, 2016 11:21 pm

Study: Talent Gap Holds Back Blockchain in Capital Markets -

A new study conducted by Aite Group suggests there is a "huge lack of talent" that understands both blockchain technology and capital markets. The report identified the issue as one of six that could hold back the proliferation of the technology in this market.

Pete Rizzo / Jan 14, 2016 08:02 pm

Class Action Lawsuit Filed Against Digital Currency Exchange Cryptsy -

Two Florida law firms have filed a class action lawsuit in US district court against the digital currency exchange Cryptsy and its CEO, Paul Vernon. Filed on 13th January, the case alleges negligence, unjust enrichment, conversion and violation of Florida's Deceptive and Unfair Trade Practices Act.

Stan Higgins / Jan 14, 2016 05:45 pm