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Bitcoin Cash Hard Fork Controversy: Roger Ver vs. Craig Wright

 

Bitcoin Cash hard fork

Hard forks and lack of governance were a huge issue during the rise of cryptocurrency back in late 2017. It seems this hasn’t changed in 2018, as we have just encountered a new Bitcoin Cash hard fork controversy.

Hard forks are required for large blockchain network updates†and require all nodes running the network to switch over to the new chain at a designated block number. Unfortunately, not every node running the network agrees with the direction of the project and decides to start its own fork with other nodes?creating a new ‘forked’ chain and new ...

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Bitcoin Hits Lowest Level Again?This Time Last Year Things were Very Different!

 

Bitcoin lowest level

Bitcoin has hit its lowest level again this year. Is it the beginning of the end for Bitcoin? I bet that question has been asked many times over in 2018.

Bitcoin gained house-hold name status around Thanksgiving last year. That was the kind of year Bitcoin had in 2017.

Bitcoin’s Lowest Level

But now, Bitcoin is down more than 30% since Thanksgiving 2017.

But that’s not as bad as being down 60% on the year, 18% this week alone, and hitting the lowest level of 2018 today. At the time of writing, ...

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IDEX Lists Ride Sharing Company RedCab LLC?s REDC Token

 

IDEX, the only Ethereum-based, fully decentralized crypto exchange with real-time trading and high transaction throughput has announced the listing of RedCab LLC?s REDC token.

RedCab, a decentralized peer-to-peer transportation solution entirely powered by blockchain technology, announced the listing this week with the Panama-based exchange.

IDEX is recognized as the most advanced Ethereum DEX in the industry, supporting limit and market orders, gas-free cancels and also the ability to fill many trades at once.

Consisting of a smart contract, trading engine and a transaction processing arbiter, the smart contract is charged with storing ...

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Bitcoin and Blockchain: Banks Must Embrace or ?Bite the Dust?

 

Bitcoin and Blockchain

With all the constant news about the price of Bitcoin, it?s possible to forget what it was invented for. Cryptocurrency trading plays only a small role in what Bitcoin and blockchain technology can do for our world. Most importantly, they can end the hegemony central banks have on the way we make payments to each other.

Today, there are supposedly thousands of cryptocurrencies available. Many of which seeks to fix the issues central banks have created. However, they don?t all have the same goals. While some may wish to obliterate our current banking system, others simply ...

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EOS: Lack of Decentralization Exposed with Reversed Transaction

 

EOS

Blockchain protocol EOS, run by Block.one, has just become the subject of a new crypto scandal. It all began on November 9th, when a picture emerged on Reddit of a moderator on EOS reversing a transaction that had already been confirmed.

Decentralized?

According to the Reddit user u/auti9003, a reverse transaction occurred without the owner’s permission. The arbitrator,†Ben Gates, referred to the blockchain project’s constitution†as a basis for his decision. Gates wrote:

?Under the powers afforded to me as arbitrator under article 6 of the Rules of Dispute Resolution, I, Ben Gates, ...

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Sberbank CEO: Expects Industrial Blockchain Adoption in Under Two Years

 

Blockchain adoption

The head of Russia’s Sberbank has set tongues wagging after he emerged bullish about the future of blockchain adoption. CEO Herman Gref is forecasting industrial scale adoption in as little as one or two years.

Blockchain Adoption

Gref†believes the technology is on the cusp of entering the industrial development stage of its evolution. Speaking to journalists this week, he said:

?The hype around the technology [blockchain] is now over, and the technology is entering the stage of industrial development. It needs a year or two to be implemented at the industrial scale.?

...

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Coinbase CTO Believes Home Cryptocurrency Mining is the Future with Coinmine

 

Home cryptocurrency mining

Coinbase’s CTO, Balaji Srinivasan, has just announced his thoughts of the future of home cryptocurrency mining. Bitcoin mining and crypto mining in general are a huge industry, which exploded last year when digital currency interest hit mainstream. A new startup is trying to take another stab at popularizing at-home cryptocurrency mining, a business model that has not been successful in the past.

Home Cryptocurrency Mining: Coinmine

Srinivasan told CoinDesk that he is placing his bets on this new at-home crypto mining startup, Coinmine.

Srinivasan said:

?The big difference with decentralized mining in ...

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Bitcoin Hits the Lowest Level of the Year Thus Far?Entire Market Down

 

Bitcoin Hits Lowest Level

Today is a bleak day for cryptocurrencies everywhere as Bitcoin hits the lowest level of the year thus far. Where Bitcoin goes, the rest of the market tends to follow, and indeed, the index shows us all the top-ten coins are experiencing double-digit losses.

Bitcoin Hits Lowest Level of the Year

Currently, Bitcoin is down over 10% and has touched a low of $5,550 a coin. This price is the weakest the†coin has been since†October†2017 and also puts an end to what was the steadiest†period the coin experienced in months. Bitcoin has ...

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Bitcoin Cash Hard Fork is Near: What You Should Know!

 

Bitcoin Cash Hard Fork

A Bitcoin Cash hard fork will happen on Thursday, November 15th.

Bitcoin Cash is already a hard fork of Bitcoin and has since grown to become the fourth-largest cryptocurrency. Now the digital currency will split in two, creating a second cryptocurrency.

The two digital currencies go by the names Bitcoin ABC, which is the continuation of the current or core Bitcoin Cash, and Bitcoin SV, which will follow new rules and stands for Satoshi’s Vision.

Bitcoin Cash Hard Fork

A hard fork occurs when network participants no longer agree on a proposed ...

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Japenese Crypto Exchange Coincheck Resumes NEM (XEM) Trade Ten Months Later

 

NEM (XEM)

After ten months of stagnancy, the newly re-opened Japenese cryptocurrency exchange Coincheck has resumed its NEM (XEM) trading. According to a South Korean news source†FNNews, Coincheck has restricted†its platform by external ‘security experts.’

????????????????????ETH?XEM?LSK?https://t.co/g3Hc9rzxZ1

— Coincheck(???????) (@coincheckjp) November 12, 2018

NEM (XEM) Trading Resumes on Coincheck

Back in January, Coincheck suffered the largest cryptocurrency exchange hack in history. $530 million USD worth of XEM was stolen from the Japanese exchange. After the investigation, the company announced it would repay the 260,000 investors affected by the hack.

...

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EtherDelta Founder Charged by SEC as an Unregistered Exchange

 

EtherDelta

Zachary Coburn, the founder of EtherDelta, has just been charged by the US Securities and Exchange Commission (SEC) with operating an unregistered securities exchange. The SEC released the news via a press release yesterday.

EtherDelta Charged

According to the report by the SEC, over the course of 18 months, EtherDelta†users placed over 3.6 million orders for digital currencies. Among those ordered were coins considered securities by US federal laws.

Under the current law, EtherDelta was supposed to register in the US or apply for an exemption. However, the cryptocurrency exchange failed to do ...

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Two Teachers Mine for Ethereum Using School?s Power

 

Teachers mine for ethereum

Teachers Mine for Ethereum: Mining for cryptocurrency comes with its controversy. Energy consumption is already the most eyebrow-raising aspect. So what about using the local school’s computers to mine for Ethereum… during school time? Oh, and you’re the principal of the school.

This is exactly what happened in Hunan Province, China.

Teachers Mine for Ethereum: What Happened?

According to Hong Kong news outlet HK01, two Puman†Middle School principals were caught using the school’s power to mine Ethereum.

The school’s general manager noticed the computers’ fans were louder than normal and this ...

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Square?s Bitcoin (BTC) Profits Jump $500,000 in Q3

 

Bitcoin (BTC)

US financial service company Square (NYSE:SQ) just announced that its Q3 Bitcoin (BTC) revenue jumped up from its previous earnings in Q2. Square detailed its full company earnings in a shareholder letter released yesterday.

In the third quarter of 2018, we continued to drive strong growth at scale. $SQ https://t.co/HPhSMfVgac

— Square IR (@SquareIR) November 7, 2018

Bitcoin (BTC) Revenue Q3 2018

Square released a full digest of its total earning and financial activities. The release was far more colorful and interactive than most public companies’ earnings reports. It included ...

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A Guide to Understanding Cryptocurrency White Papers

 

Cryptocurrency White Papers

Anyone looking to invest in bitcoin or any other form of cryptocurrency has surely spent some time researching and reading about it. Entering the crypto world without any knowledge would be a crazy and reckless thing to do, especially if you are planning to invest money into it. While blogs, forums, and the many available cryptocurrency websites put no limit to the amount of information available for anyone looking for help, there is no denying that the best way to understand a cryptocurrency would be to read its white paper. A white paper is like a blueprint to ...

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Public vs Private Blockchains; Ernst & Young?s New Blockchain Prototype

 

private blockchain

On October 30th, Ernst & Young (EY) announced a world-first for distributed ledgers. Called the Ernst & Young Ops Chain Public Edition, the company created a new†blockchain prototype that combines the security of the public ledger model with the privacy of the private ledger model?thus a private blockchain.

It does this by using zero-knowledge proof (ZKP) technology on the public†Ethereum blockchain. The result, it claims, is a network that will suit the needs of institutions,†especially in the financial sector.

But why the need to combine the pro’s of both networks, what’s ...

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Retirement contribution limits will rise in 2019

 

Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019.



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