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A New Approach to Thwarting Selfish Bitcoin Miners
2018-11-17 02:59:26
n nn nn Selfish mining is an attack on the Bitcoin network that has been known to be possible for several years. By propagating new blocks slowly on purpose or by accident, a loophole is opened for miners to unfairly increase their profits in relation to other miners.However, researchers Cyril Grunspan and Ricardo Prez-Marco claim that by broadcasting the presence of orphan blocks, selfish mining can become a thing of the past.Grunspan, a professor at Paris ESILV
After the Fork Heres How Exchanges Are Dealing With Bitcoin Cash
2018-11-17 02:59:24
n nn nn The smoke is still clearing from Bitcoin Cashs hard fork, but exchanges have already moved in to add support for the products of the skirmish.On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin Satoshis Vision SV, led by Craig S. Wright, attempted to wrestle control over the Bitcoin Cash blockchain from its original client, Bitcoin ABC.Bi
ICO Issuers Settle Registration Charges With SEC
2018-11-17 02:59:22
n nn nn The U.S. Securities and Exchange Commission SEC has agreed to settle charges with two startups that sold tokens through Initial Coin Offerings ICOs in 2017. The companies were charged by the SEC for running their ICOs after the regulator clearly defined such offerings as unlicensed securities in its DAO Report of Investigation. The startups indicted by the SEC are Boston-based Airfox, which sold $15 million worth of tokens, and Paragon Coin, which raised $
Progress Report Lightning Network Surpasses $1M BTC Capacity, 4,000 Nodes
2018-11-17 02:59:21
n nn nn The Lightning Network continues to post steady growth.According to data from 1ML, the network is now supported by roughly 4,070 nodes, which house just over 12,500 payment channels, an average of 10.91 channels per node at time of publication. Most of this growth has come in the later half of 2018, as the average age of each node is just 137 days old.With infrastructural growth, the network is also seeing an uptick in liquidity. At the time of writing, the
We Did This With Gold Could VanEck Be Bitcoins Best Bet for an ETF
2018-11-17 02:59:19
n nn nn Gabor Gurbacs is confident that the approval of a bitcoin exchange traded fund ETF is inevitable. And hes optimistic that the VanEck SolidX Bitcoin Strategy will be the first to deliver one to the world.The director of Digital Asset Strategy at VanEck/MVIS, Gurbacs, as of late, has become a leading voice on the spaces ETF pursuit at a time when industry chatter on the topic has never been louder. If you havent found him extolling the benefits of a bitcoin
One Day After the Bitcoin Cash Hard Fork Takeaways and Latest Developments
2018-11-17 02:59:17
n nn nn Bitcoin Cash, the big block project that forked away from the Bitcoin blockchain in August 2017, hard forked split into two different coins Bitcoin Cash ABC BCH ABC and Bitcoin Cash SV BCH SV.At the time of writing, the Bitcoin Cash ABC chain has more accumulated proof of work, and its native currency, BCH ABC, is trading higher on futures exchanges. Most Bitcoin Cash ABC proponents, therefore, feel victorious though many Bitcoin Cash SV proponents have n
Bitmain Is Restructuring, But Jihan Wu Still a Board Director Source
2018-11-16 01:44:20
n nn nn Bitmain has denied reports that its CEO Jihan Wu was ousted as the mining firms board director while confirming that the board has undergone restructuring.Setting the record straight, Nishant Sharma, international marketing manager of Bitmain Technologies Limited, told Bitcoin Magazine that, instead of losing his position, Wu will continue on as a co-director of the board amidst a wider reorganization. As is standard listing practice, Bitmain is restructur
Canadian Court Takes Custody of Crypto Exchanges Frozen Funds
2018-11-16 01:44:19
n nn nn The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce CIBC.According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was
Target and Google Official Twitter Accounts Hacked, Used for Crypto Scams
2018-11-16 01:44:18
n nn nn In what is becoming an emerging trend, Twitter accounts of popular brands are being hacked in an attempt to scam unsuspecting users out of their cryptocurrencies.Target and Google are two high profile targets that have seen their accounts taken over by hackers who, in turn, have used them to scam followers by advertising fraudulent crypto giveaways.n Google&39s G Suite Twitter Account is Hacked!! Burton Burton No
IMF Head Makes Case for Central Bank Digital Currencies In Recent Speech
2018-11-16 01:44:18
n nn nn With contributing reporting from Jimmy Aki.Christine Lagarde, head of the International Monetary Fund IMF, suggested a new course of action for central banks around the world turn their fiat currencies digital.The IMF chair gave a speech at the Singapore Fintech Festival on November 14, 2018, titled Winds of Change The New Case for Digital Currency. In it, Lagarde stated, I believe we should consider the possibility to issue digital currency. There may be
New York Department of Financial Services Issues 14th BitLicense
2018-11-16 01:44:17
n nn nn Today, November 14, 2018, the New York State Department of Financial Services DFS announced that it has approved the application of NYDIG Execution LLC, a subsidiary of NYDIG LLC, for a virtual currency license and a money transmission license. The approval of this so-called BitLicense or Virtual Currency License application is the 14th of its kind and is required under New York State law in order for a company to engage in any Virtual Currency Business Ac
Koreas KAIST University Adds Blockchain Application Courses to Curriculum
2018-11-16 01:44:14
n nn nn South Koreas leading technology university, the Korea Advanced Institute of Science and Technology KAIST, is working with Theta Labs, the first blockchain-based video delivery system, to introduce students to an entirely new set of coursework regarding the applications of blockchain technology.Were kicking things off with a seminar at the electrical engineering school this Friday the 16th where well be providing a high-level overview of blockchain technolo
Op Ed Cryptocurrencys Unrealized Opportunities for U.S. Tax Professionals
2018-11-16 01:44:12
n nn nn The market for cryptocurrency tax services is growing rapidly, and it is providing forward-thinking tax professionals with an opportunity to capture oversized profits.While weve seen the market cap of bitcoin and other cryptocurrencies dramatically fall from around $800 billion at its height to around $200 billion today, the number of developers, traders, companies and professionals joining the larger cryptocurrency and blockchain ecosystem has continued t
OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America
2018-11-16 01:44:10
n nn nn Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continentOverall, we are very bullish on th
Binance Will Support USDC Trading Starting November 17
2018-11-16 01:44:08
n nn nn Binance one of the most popular digital currency exchanges across the globe has announced that it will be adding the fiat-collateralized stablecoin USD Coin USDC to its trading platform on November 17, 2018. USDC will be grouped into trading pairs with bitcoin and Binances own token, BNB.The company made the announcement on its official blog, making particular note of the auditing process USDC undergoes to prove that each coin is backed 11 with the USD.F
Bitcoin Price Analysis Yearly Support Breaks as Bitcoin Tests Underlying Demand
2018-11-16 01:44:06
n nn nn After months and months of consolidation, the yearly support finally broke and now bitcoin has found itself in the lower $5000s for the first time since 2017Figure 1 BTC-USD, Daily Candles, Broken SupportBitcoin managed to drop a staggering 16 yesterday as the market sliced through the long held support like a knife through butter. The high volume and wide candle spread does not bode well for the bulls as we are currently witnessing an excess of supply in
What to Expect During the Bitcoin Cash Hard Fork
2018-11-14 11:59:21
Bitmain Sues Anonymous Hacker Over $5.5 Million Theft
2018-11-14 02:28:37
n nn nn Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5.5 million in cryptocurrency last April from the companys account on the digital exchange Binance.The hackers identity is still unknown, and hes described only as John Doe in official court documents, which were filed in accordance with the lawsuit on November 7, 2018, with the U.S. District Court for the Western District of Washington in Seattle. The documents state that the
Ripple Files to Move Securities Lawsuit from State to Federal Court
2018-11-14 02:28:35
n nn nn Ripples legal team in their ongoing securities suit is attempting a new tack to have the claim proceed at the federal level.In a move that legal commentator Jake Chervinsky described as seriously crafty, Ripple has filed a formal notice-of-removal motion to have their most recent securities suit, Zakinov et al v. Ripple, tried in a federal court rather than at the state level. In the notice of removal, the defendants, which include Ripple and its CEO Brad
Bitfury Acquires Minority Stake in Final Frontier, Aims To Expand Services
2018-11-14 02:28:34
n nn nn The Bitfury Group has acquired a minority stake in blockchain services firm Final Frontier. Both organizations are looking to utilize each others knowledge and experience in the traditional and digital finance spaces to potentially release a new line of financial products and services designed to assist professional investors in getting their hands on digital assets.Our mission is to be the bridge for institutions from traditional finance to enter this inn
Thailand Uses Blockchain-Supported Electronic Voting System in Primaries
2018-11-14 02:28:32
n nn nn Thailand's Democrat Party has become the first political party to use blockchain technology to elect its leaders in a primary election, which was held from November 19, 2018. In a live e-voting system, more than 120,000 party faithful cast their votes in a transparent way that saw former Thai Prime Minister Abhisit Vejjajiva winning his party nomination with 67,505 votes.Party members were able to vote using two methods. The first method was through v
Crimean Government Considers Creation of Blockchain Cluster and Crypto Fund
2018-11-13 22:44:19
n Crimean authorities are considering creating a blockchain-cluster in the form of a cryptocurrency investment fund to attract tech businesses to the territoryn
US Man Fined $1.1 Million, Sentenced to 15 Months for Fraudulent Bitcoin, Litecoin Schemes
2018-11-13 22:44:18
n A U.S. man that misappropriated $601K in Bitcoin and Litecoin from his employer and lured another $545K from private investors faces 15 months in prisonn
Ripple, Monero, NEM See Solid Growth Amid Calm, Mostly Green Markets
2018-11-13 22:44:18
n Markets are seeing a wave of stability, with most major assets seeing low-level fluctuations both red and green, with strong growth from altcoins Ripple, Monero, NEMn
Consulting Company Accenture Deploys DLT Platform for Software License Management
2018-11-13 22:44:17
n Global management consultancy firm Accenture launches DLT-driven platform that helps track and manage software licensesn
Swiss Crypto Bank Startup Expects to Receive Banking, Securities Dealer License in 2019
2018-11-13 22:44:17
n A Swiss crypto startup will offer custodian bank functions and intends to receive an e-regulatory license in the first half of 2019n
Marshall Islands President Survives No Confidence Vote Prompted by National Crypto Plans
2018-11-13 22:44:16
n The President of the Republic of the Marshall Islands Hilda Heine has survived a no confidence vote that was prompted by her plans to introduce a national cryptocurrencyn
Major Oil Firms, Banks Partner to Launch Blockchain Platform for Energy Commodity Trading
2018-11-13 22:44:16
n Vakt, an oil trading blockchain platform for energy commodity trading joined by BP, Shell and Equinor, will be ready to fully launch in 2019n
Film Publishing Rights Firm Fintage House Now Accepts Crypto for Rights Transactions
2018-11-13 22:44:15
n Netherlands-based publishing rights management firm Fintage House has partnered with blockchain-based platform TaTaTu to accept crypto for rights transactionsn
Commodities Firms Complete Blockchain Pilot for Black Sea Wheat
2018-11-13 22:44:14
n Two international agricultural commodities firms completed a blockchain pilot transaction of 25,000 metric tons of Black Sea wheatn
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON Price Analysis, Nov. 12
2018-11-13 22:44:14
n While the market is slow now, recent developments like the election of pro-crypto candidates in the U.S. show an encouraging future for the nascent digital asset classn
Ahead of Bitcoin Cash Hard Fork, The Coins Competing Visions Vie for Hash Rate
2018-11-13 22:44:13
n According to data from Coin Dance, the majority of hash power favors Bitcoin Cash SV ahead of the Nov. 15 hard forkn
Japans Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
2018-11-13 22:44:12
n Ripples use for cross-border remittances could soon extend between Japan and Braziln
IMF Vows to Continue Devoting Attention to Blockchain, Cryptocurrency in Fintech Drive
2018-11-13 22:44:11
n The International Monetary Funds Deputy General Counsel hints at ongoing blockchain, crypto involvement during Singapore conference panel with Ripples CEOn
Major US Museum Becomes Countrys Third to Accept Bitcoin as Payment
2018-11-13 22:44:11
n Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin via BitPay as payment from visitors as of todayn
Australias Biggest Bank Trials Blockchain-Based 'Smart Money' for Disability Insurance
2018-11-13 22:44:10
n Australias largest bank and a government-run digital innovation lab have successfully trialled a blockchain-powered smart money system for disability insurancen
Opposing Bitcoin ABC and Bitcoin SV Factions Debates Grow Heated as the Bitcoin Cash Hard Fork Draws Closer
2018-11-13 22:44:09
n The Bitcoin Cash split becomes increasingly probable. Bitmain is deploying 90k Antminers to back Bitcoin ABC 49 nodes, and Bitcoin SV 6 nodes is supported by the largest Bitcoin mining pooln
Speeding Up Mortgage Application Times Future of Real Estate Gets Regulatory Approval
2018-11-13 22:44:08
n It takes months for mortgages to be finalized, but a blockchain startup aims to speed the process up by improving the flow of information in the industry SPONSOREDn
Ripple Lawyers Try to Move Securities Lawsuit to Federal Court in Slick Move
2018-11-13 22:44:07
n In a slick move, Ripple may succeed in moving securities lawsuit to U.S. federal courtn
Japan Crypto Exchange Coincheck Resumes NEM Trading Almost 10 Months After Major Hack
2018-11-13 22:44:06
n Recently re-opened Japanese crypto exchange Coincheck has announced it has resumed NEM crypto token tradingn
Bitmain Co-Founder Jihan Wu Loses Executive Power in Board Reshuffle, Says Chinese Media
2018-11-13 22:44:05
n Bitmains directorship could now look very different after unconfirmed reports that Jihan Wu is now only a supervisor for the companyn
New Linux-Targeting Crypto-Mining Malware Combines Hiding and Upgrading Capabilities
2018-11-13 22:44:04
n New Linux-targeting crypto-mining malware is able to upgrade itself and hide from being detected, cybersecurity firm Trend Micro reportsn
Electronics Giant Bosch Partners with IOTA to Launch New Device for IoT Data Collection
2018-11-13 22:44:03
n Engineering and electronics giant Bosch has partnered with IOTA, integrating its new data collection IoT device with the IOTA Data Marketplacen
Huobis US-Based Strategic Partner HBUS Hires Former Exec of VC Firm Draper Athena
2018-11-13 22:44:02
n HBUS, the four-month-old U.S.-based partner of major exchange Huobi, has hired a former exec of VC firm Draper Athenan
Russia Raiffeisen Bank, Gazprom Partner to Issue Bank Guarantee on Blockchain
2018-11-13 22:44:01
n The Russian branch of Raiffeisen Bank and major oil company Gazprom Neft have conducted a trade finance transaction via a blockchain-issued bank guaranteen
Amazon Wins Patents for Cryptography and Distributed Data Storage Solutions
2018-11-13 22:44:00
n E-commerce giant Amazon wins two patents related to methods for protecting the integrity of digital signatures and distributed data storagen
Chinese City in Hunan Province Launches Blockchain Platform for Real Estate Data
2018-11-13 22:43:57
n Loudi, a city in Chinas Hunan province, launches a real estate-focused blockchain platform and issues its first electronic certificaten
Amex Files Patent for Blockchain System to Match Images of Receipts With Stored Records
2018-11-13 22:43:53
n American Express travel arm files new patent for a blockchain-based system to receive, record and transmit images of receiptsn
Canadian Holding Firm to Acquire EXMO Crypto Exchange Per Letter of Intent
2018-11-13 22:43:50
n Major crypto exchange EXMO has signed a Letter of Intent to be acquired by Canadian publicly-traded holding company GoverMedia Plus Canadan
Major South Korean Hospital to Use Blockchain Tech for Medical Information Services
2018-11-13 22:43:46
n South Koreas Myongji Hospital is set to launch a medical information exchange service based on blockchain techn
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