Gari Lockwood, Author at Toshi Times

Gari Lockwood

$243 Trillion Global Debt, One of the Reasons to Own Crypto

$243 Trillion Global Debt, One of the Reasons We Have Crypto

Global debt is increasing, economic uncertainty is being fuelled by the American trade war with China, confusion and delays of Brexit and many economists predicting a coming recession- Could these be the reasons that Bitcoin and Crypto markets are currently booming? Global Debt at $243 Trillion In a report published on the 2nd April by the Institute of International Finance, found that current total global debt stands at $243 Trillion…

PayPal Makes its First Blockchain Investment Focusing on Digital Identity

Payments giant PayPal have made their first ever investment into a blockchain company. They have invested in Cambridge Blockchain– a company that helps financial institutions and other companies manage sensitive data such as personal ID on shared ledgers. PayPal’s funding was part of an extension to series A funding. The Series A round of funding has brought in a total of $10.5 million for the start-up. The funding came from…

Bithumb Hacked Again: $13 Million Worth of EOS Stolen

Yesterday evening @doveywan tweeted that 3 million EOS had been hacked from Bithumb exchange. She stated that the information came from a security firm which audits Bithumb. BREAKING 🚨🚨🚨Bithumb is being hacked, at its EOS cold storage level!!! Over 3million EOS has been transferred out 👀👀👀 Detail to be reported, confirmed by security firm who’s auditing for Bithumb— Dovey Wan 🦖 (@DoveyWan) March 30, 2019 At this stage Bithumb hadn’t…

Big Banks are Anti-Bitcoin but Have Paid Over $243 Billion in Fines Since the Financial Crisis

When I ask people what do they think of Bitcoin? The response often equates to, ‘isn’t that the thing that people use for crime on the internet?’ However, if I were to ask my friends, what do you think about banks? They will often complain of expensive fees or greedy bankers, being paid too much money. Rarely, will they even mention the vast sums banks have been fined for money…