Month: July 2017

Developers are Utilising Ethereum For Video Games

Immutability deriving from Bitcoin’s proof of work consensus protocol and its mining ecosystem has proven to be beneficial for a variety of applications including identity verification and data processing. Outside the traditional realm of finance, developers are beginning to utilize the immutable nature of blockchain technology to create a more transparent and fair gaming environment. …

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Genesis Mining Hacked

Earlier this week, the Genesis Mining development team announced that an unauthorized intrusion by an undisclosed attacker was discovered and as a result, funds stored in the company’s hot wallet were stolen and transferred to an external wallet. Most companies in the space operate a hot & cold wallet system: Hot wallet refers to wallets …

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EU Commission Opens 500K€ Call for Blockchain, DLT Expertise Hub

The European Commission (EC) has opened a 500,000€ call for proposals to set-up a European expertise hub on blockchain and distributed ledger technologies to better understand the opportunities and challenges related to these technologies, keep up with emerging trends, and “help the EU to stay at the forefront […] and show leadership in the field.” …

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Bank of America: Bitcoin Trading Volume Surpassed That of Gold ETF

In recent months, major financial institutions have warmed to Bitcoin, increasing coverage and providing increasingly positive information. In their latest report, Bank Of America revealed that the trading volume of Bitcoin has surpassed that of GLD, the biggest gold ETF in the market. Digital Currency Group founder and CEO Barry Silbert tweeted in May 2016 that …

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Australia to Welcome World’s First NEM Dedicated Exchange Platform

Blockchain Global, an Australian blockchain company, has announced today that it will be powering the world’s first NEM cryptocurrency (XEM) dedicated exchange platform for the NEM Foundation. While the common thread of most cryptocurrency exchanges today is bitcoin and often ether, the new exchange will be built exclusively for XEM. XEM is the world’s sixth …

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BitClave Targets US$550B Ads Market With New Blockchain-Powered Search Engine

Silicon Valley-based startup BitClave is going after the US$550 billion ads markets with a new blockchain-enabled search engine that promises end-users more control over their data. BitClave’s founder Alex Bessonov, the former chief security officer of LG Electronics, launched the venture in 2016 with the mission of transforming the relationship between businesses and customers using smart …

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Early Stage Investor Talks Bitcoin’s Scalability & Long-Term Vision

It’s taken the Bitcoin industry years to reach an agreement on how to best scale Bitcoin and begin the process of activating Segregated Witness, a solution which was originally proposed in December 2015. Despite extensive analysis from experts including Blockstack co-founder Ryan Shea which proved SegWit to be a secure and practical solution which solves …

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Effects of Bigger Bitcoin Blocks on Mining Centralization Debated at State of Digital Money Event

During a panel discussion on Bitcoin scaling at the recent State of Digital Money event in Los Angeles, the idea that a larger block size limit would lead to further centralization of bitcoin mining was debated by the four participants on the panel: Airbitz CEO Paul Puey, derivatives trader Tone Vays, Yours CEO Ryan X. …

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Blockchain Startup Propy Aims to Revamp the Real Estate Industry

California-based blockchain startup Propy is building a global peer-to-peer real estate exchange platform with decentralized title registry aimed at facilitating international real estate purchases. Built on Ethereum, the platform promises to automate real time transaction process using smart contracts, enabling greater efficiency, lesser paperwork and lower costs for buyers and sellers in the global real …

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The biggest network of entrepreneurs announces the own blockchain platform

On June, 22 as a part of Blockchain & Bitcoin Conference BMCHAIN platform has been announced. The project being developed by “Biznes Molodost” and “Analytics Insight” companies represents the decentralized platform for the biggest network of entrepreneurs in Russia and CIS. BMChain will unite the advantages of blockchain technologies for the development of social media …

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Ethereum Co-Founder Thinks ICOs Are a ‘Ticking Time-Bomb’

Initial coin offerings (ICOs), which have become an emergent phenomenon of blockchain technology and digital communities, have garnered increased attention that ethereum’s co-founder has come out and said that there is an ‘over-tokenization of things.’ In a report from Bloomberg, Charles Hoskinson, ethereum’s co-founder, said: “People say ICOs are great for ethereum because, look at …

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Coinbase & GDAX Will Not Support Bitmain’s Hard Forked Bitcoin

Coinbase, the world’s largest bitcoin wallet service provider with 28.9 million wallets and 8.7 million active users, and GDAX, its flagship digital asset exchange, will not support Bitmain’s hard forked bitcoin. In an official announcement, the Coinbase team stated: Update on Potential Bitcoin User Activated Hard Fork (UAHF) pic.twitter.com/UXfEs9cmbg — Coinbase (@coinbase) July 19, 2017 …

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AlphaBay Admin Had $8 Million in Bitcoin and Altcoins, Bragged About Porsche Purchase

According to the verified complaint for forfeiture regarding accused AlphaBay administrator Alexandre Cazes, the alleged criminal mastermind was holding just over $23 million worth of assets at the time of his arrest. Of that total amount, roughly $8.8 million are said to have been held in Bitcoin, Ether, Zcash, and Monero. Attorney General Jeff Sessions …

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Sessions: Trump Directed Law Enforcement Agencies to Go After Darknet Markets Like AlphaBay

In a press briefing at the Department of Justice today, Attorney General Jeff Sessions, Deputy Attorney General Rod Rosenstein, and other law enforcement officials announced international cybercrime enforcement action against the darknet’s largest marketplaces: AlphaBay and Hansa Market. During the briefing, Sessions revealed that President Donald Trump had directed the Department of Justice to go …

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Blockchain Startup Billon Receives €2M Grant from EU Research and Innovation Program

Polish blockchain startup Billon has received a €2 million grant from Horizon 2020, the European Union’s largest Research and Innovation program. The company said that it was awarded the grant on the basis that its distributed ledger technology (DLT) can exploit the alternative payment market, a market expected to reach US$1.4 trillion in 2020, according …

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True Flip and DAO.Casino announce strategic partnership

DAO.Casino: Prototype  GitHub  White Paper  Slack  Facebook  Twitter  Medium  YouTube True Flip: ICO  White Paper  Github  Steemit   Slack  Facebook  Twitter  YouTube Trueflip.io [email protected] +7 926 550 4247 True Flip, the provably fair international blockchain lottery, and DAO.Casino, the decentralized gambling protocol are pleased to report that numerous agreements have been reached, which results in the …

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Global Money Transfer Summit Comes to London to Explore the Future of Remittances

The Global Money Transfer Summit, one of the most recognized conferences in the remittance industry, will take place on October 10 and 11, 2017 at the Banking Hall in London, and will explore how technological advances are changing the remittance industry. Organized by the International Association of Money Transfer Networks (IAMTN), the Global Money Transfer …

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Bitcoin Developers and Bitmain Accuse Each Other of Making False Promises

The divide between bitcoin mining company Bitmain and Bitcoin Core contributors is stronger than ever. In recent interviews, Bitcoin Core contributor Eric Lombrozo and Bitmain CEO Jihan Wu have accused each other of making false promises in private settings. Multiple attempts at coming to a mutual understanding have been made by both parties, but at …

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