Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000.In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either “breakout or breakdown.”“The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” he said, adding:“When it finds that direction, there’ll be a breakout or a breakdown.”Lingham was speaking after Bitcoin lost its support at $4,000 to drop around $250 in a matter of minutes on Thursday.The renewed volatility had followed several days of flat movemen
The co-founder of blockchain-based identity management platform CivicKey has weighed in about the current state of the cryptocurrency markets. Amongst other things, Vinny Lingham stated that he feels the Bitcoin price will retest the $3,000 level in the near future.The South American internet entrepreneur also explained how his own startup had managed to weather the dramatic plunge in cryptocurrency prices better than many of its peers.Moving to Cash Helped Civic Stay Afloat Despite Falling Bitcoin PriceIn an interview with financial news streaming network Cheddar, Vinny Lingham has spoken about his short-term outlook for the Bitcoin price. The CEO and co-founder of the blockchain identity protection firm CivicKey told presenters that a $3,000 was to be expected in the coming weeks. He wen...
Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum (ETH) blockchain-based, decentralized identity platform. The news was announced in a press release published Dec. 13.Identity.com is Civic’s open-source, decentralized and tokenized digital identity ecosystem that uses smart contracts to provide on-demand, blockchain-based identity validation.Shoemaker joins the initiative after working over seven years as senior director of the Apple App Store Review team, which he reportedly built “from the ground up, taking his team from 4 to over 300 employees,” under the company leadership of founder Steve Jobs. Since leaving Apple in 2016, he has worked advising multiple blockchain projects and startups.The company has said the a
Blockchain startup Civic has hired Apple veteran Phillip Shoemaker as executive director of Identity.com. Shoemaker will be responsible for growth and development of the decentralized identity platform, the firm announced Thursday. “Phillip’s knowledge of blockchain and expertise building internal infrastructure will guide Identity.com through a key time of deployment and growth,” said Jonathan Smith, CTO and co-founder of Civic. In his seven years at Apple, Shoemaker worked as a senior director for App Store Review division, where he built the team from four to over 300 members. Since leaving the tech giant, he’s spent a couple of years acting as an advisor to blockchain startups. Shoemaker said in a statement: “Identity is the biggest unsolved problem of our society, and blockchain techn
Although the crypto industry has its fair share of over-ardent speculators, many of which are blinded by visions of grandeur, high ceilings, and chandeliers, others in this nascent line of business have erred on the side of caution. One such skeptical optimist, known for his intriguing, yet controversial statements, has even claimed that Bitcoin won’t see a breakout until 2019 at the earliest.Civic CEO Not Sold On Short-Term Bitcoin BullishnessThis soothsayer in question is Vinny Lingham, who CNBC recently dubbed the “Oracle of Bitcoin” during a recent installment of Fast Money. Lingham, CEO of blockchain-centric identity ecosystem Civic, cut out some time to speak to Fast Money’s panel on Monday, discussing how he expects for the crypto market to progress.Winter is coming for #crypto! The
Bockhain entrepreneur and industry advisor Vinny Lingham told Cointelegraph in an interview Oct. 21 that cryptocurrency prices will surge again, but it will take some time.Speaking with CT during the Money20/20 conference Sunday, Lingham – also the CEO of Blockchain identity startup Civic – stated that cryptocurrency markets need time to regain previous volumes, arguing that the market’s priorities have shifted: “Now the world is waiting for utility, when people will actually start to use the cryptocurrencies.”Lingham also said that governments globally are poised to push back against Bitcoin (BTC), as “it threatens their ability to make money.”The investor also added that central bank-issued cryptocurrencies are imminent:“Every country will issue their own cryptocurrencies. Many countries
dApps are becoming increasingly popular regarding usage and sheer volume. In the second of this series, BTCManager will highlight some of the more prominent ones of the bunch, with the first installation discussing the ten dApps users can’t live without. With Ethereum making the concept of dApps or decentralized applications, a likely avenue for developers to create value for the community, nearly 2,000 have been built since the platform’s inception. Each one looks to improve upon an existing function or introduce entirely new use cases. With so many to comb through, here are ten essential dApps every user should have in their toolkit. Coinbase Wallet What is it: Mobile crypto wallet enhanced with ERC20 capabilities. Who is it for: Crypto-enthusiasts looking for a secure wallet with additi
Crytpo-fueled web browser Brave and the DLT-powered digital identity platform, Civic, have decided to work in unison to bring the latter’s KYC services to publishers on the BAT-funded web browser. Per a September 21, 2018, dated announcement during the Consumer Identity World in Seattle, verified publishers on the Brave platform will now have the option to use Civic’s KYC and identity verification services to earn the Basic Attention Token (BAT) via the web browser. Brave Community Marches Forward Amid the bearish mood of the world of crypto, the Brave community has not let itself be deterred by the pessimistic market sentiment. After having crossed ten million downloads on the Google PlayStore, the open source crypto-based web browser has added another feather to its cap by joining forces
Privacy-focused internet browser Brave will begin using blockchain identity startup Civic's verification services to ensure publishers are paid for their content with Brave's Basic Attention Token (BAT). The companies announced Friday that content producers hoping to participate in Brave's "verified publishers" program can use Civic's identity verification and know-your-customer (KYC) services to confirm their identities and earn BAT tokens. Both startups maintain a focus on protecting users' identities and personal information through their services. Brave's platform works by allowing its users to pay for content by anonymously donating BAT tokens through Brave's browser, which publishers then receive. With the new collaboration, publishers who verify their authenticity can directly conne...
Like all crypto projects, Civic, the pioneering blockchain-powered identity startup, needs people, lots of people, using its platform. And, according to Civic founder Vinny Lingham, while the technology is all in place for the system to work, it's this network of users that the company is still struggling to achieve. In an effort to spur this adoption, Civic announced Wednesday that it will be paying for all identity checks for users and business partners from now until the end of the year. Well, at least, $43 million worth. All told, Civic is allocating 333 million of its total 1 billion supply of CVC tokens, a third of which it sold for $33 million in an initial coin offering (ICO) in June 2017. The tokens will be transferred to Civic to pay for the cost of the identity checks, serving t