Month: July 2016

Coinbase and Reddit CEOs Discuss Removal of Theymos as Moderator of Bitcoin Subreddit

The controversy surrounding the level of moderation in the /r/Bitcoin subreddit has been a huge topic of conversation in the Bitcoin community ever since the release of Bitcoin XT, which is software — originally maintained by former Bitcoin developer Mike Hearn — intended to hard fork the Bitcoin blockchain for the purpose of increasing the …

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Bittrex Joins Poloniex in Adding Ethereum Classic

Bittrex has added Ethereum Classic, further complicating the Ethereum hardfork situation. Initially, the Ethereum hardfork appeared to be going smoothly. The situation then got complicated. Members of the community continued to work on the old chain, creating “Ethereum Classic”. Later, Poloniex added Ethereum Classic to its markets, sparking a debate in the community. Speaking to CoinJournal, Bittrex CEO Bill Shihara explained that he feels …

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Op-Ed: Ethereum Passes Its Defining Test with Flying Colors

Revolt was brewing yesterday morning following Poloniex’s unannounced listing of Ethereum Classic, a clone of Ethereum which continues on the original chain naturally created by Ethereum’s historical hardfork. The unexpected and sudden announcement gave it a quality of being shocking which allowed such emotions as anger to take charge for a few hours, leading to …

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Bitcoin’s CHECKSEQUENCEVERIFY : What is it, and why is it relevant?

The latest development in the Bitcoin ecosystem appears to be the source of some confusion within the community, with some Bitcoin users experiencing misinformation regarding the actual purpose of the changes. Bitcoin developers have been discussing the proposed changes for some time and describe both the motivation for the changes, and the implementation in some …

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EY Startup Challenge Looking for Blockchain Solutions

The EY Startup Challenge, the firm’s six-week mentorship-driven startup program, returns with a focus on blockchain solutions for two key industries: digital rights management and energy trading. This year, the EY Startup Challenge program will focus on building blockchain solutions and prototypes. The firm said it is looking for “blockchain startups with the ambition and …

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Charlie Shrem Released From Prison

“Guess who’s back, back again.” Charlie Shrem, former CEO of BitInstant and one of the founders of the Bitcoin Foundation, announced that he is free from prison. Charlie Shrem remains on supervised release and cannot give press interviews. In a blog post titled “Onward” Shrem seemed to be in good spirits. “Currently I’m home in southern Pennsylvania …

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Bitcoin Stands Strong Amidst Global Political and Economic Uncertainty

When some of us consider Bitcoin, we think of resilience. Let’s be honest – much has transpired in our world since Bitcoin was first established in 2008. Further, Blockchain technology exhibits top notch qualities in the areas of security, transparency, and reliability, especially in light of global political and economic uncertainties. Regardless of where you …

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This Ethereum Co-Founder is Against Hard-Forking for The DAO

Ethereum Co-Founder and longtime contributor to the blockchain ecosystem Charles Hoskinson recently appeared on an episode of Coinscrum’s Members Club series, where he shared his thoughts on Ethereum’s potential hard fork for bailing out those who were negatively affected by The DAO. Hoskinson pointed out a variety of issues The DAO had from the beginning, …

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Winklevoss Twins’ Gemini Exchange Partners With eSports Franchise Echo Fox

Gemini Trust Co., the US-based digital currency exchange founded by entrepreneurs Cameron and Tyler Winklevoss, has announced a new sponsorship deal with leading eSports franchise Echo Fox. Gemini said that the new sponsorship aims at integrating the global market of cryptocurrencies into eSports, an industry that has been booming across the globe generating an estimated …

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Digital Currency Steem Surges 1,700% in Ten Days, Becomes 4th Largest Cryptocurrency

Steem, the cryptocurrency behind decentralized social media platform Steemit, has soared by 1,700% in value in less than ten days, moving from a market capitalization of US$13 million in early July, to US$225 million at the time of writing. This makes Steem the world’s fourth most valuable cryptocurrency behind bitcoin, ether and ripple. Following Steemit’s …

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China’s Internet Giant to Roll Out Blockchain Tech for Payments

Ant Financial, the online payments affiliate of Alibaba and the world’s second most valuable private technology company with a valuation of more than $60 billion, announced they are rolling out blockchain technology for payments. Blockchain tech will be first applied to Alipay’s donation platform to increase transparency and provide a trust mechanism with each payment …

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Brazilian Bank To Trial New Blockchain Digital Wallet in Sao Paulo

Banco Bradesco, one of Brazil’s largest banks, is planning to trial a new digital wallet and mobile finance app that leverages blockchain technology for payments and money transfers. The trial will take place in Paraisopolis, a neighborhood located in the southern area of Sao Paulo. The solution was developed by domestic startup eWally. eWallet was …

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The Bitcoin Halving Explained

Bitcoin is a digital asset and a peer-to-peer payment network operating on a cryptographic protocol. The concept was first introduced in 2008 when Satoshi Nakamoto published the now famous “Bitcoin: A Peer-to-Peer Electronic Cash System.” Bitcoin is created and held electronically and no one controls it. Bitcoin has several important features: it is decentralized, easy …

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Reveal Ross Ulbricht’s Art And Pay For His Appeal

Ross Ulbricht, accused and convicted of running the underground marketplace the Silk Road, is funding his appeal through art. Ross is currently serving a triple life sentence. Ulbricht created an original piece of art titled “Two Face Tango”. Presumably, he is using the small, prison-issued pencils. The Free Ross campaign is not revealing the art yet. Instead, donors pay one dollar to …

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Consultancy Firm Advises Gulf Countries to Start Exploring Blockchain Tech

Booz Allen Hamilton’s Middle East North Africa (MENA) regional office has released a new report advocating Gulf countries to start exploring blockchain technology for smart city development and digital finance, and urges them to consider incubating a startup ecosystem to drive economic growth. The report comes at a time when the Gulf Cooperation Council (GCC) …

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