Category: Bitcoin Core
-
The Wrapped Bitcoin Project Has Officially Launched on Ethereum
On Jan. 30, a group of cryptocurrency developers and organizations officially launched a project called Wrapped Bitcoin (WBTC) on the Ethereum network. The ERC20 token is a coin backed by bitcoin core (BTC) reserves and has started trading on several exchange platforms. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings The Introduction of…
-
Privacy and Scaling: Schnorr Signatures Are Coming to Bitcoin Cash
On Tuesday, Jan. 29, Bitcoin Cash developer Mark Lundeberg revealed two planned features for the scheduled May 2019 BCH upgrade. In the gist published to Github, Lundeberg described a specific improvement that’s been discussed by cryptocurrency developers for years — implementing Schnorr signatures in place of ECDSA signatures. This could upgrade the BCH chain to…
-
Markets Update: Top Crypto Assets Open 2019 With Slow Month of Trading
The leading cryptocurrency markets have seen a slow start to the year, with the top three markets by capitalization shedding between 10% and 37% since early January’s local highs. January has also seen volatility in market cap rankings, with XRP and ETH competing for the second largest crypto asset capitalization, and EOS, USDT, and BCH…
-
Bitcoin Mixing Concept Payjoin Makes a ‘Huge Mess’ for Blockchain Surveillance
On Jan. 24, Adam Gibson, author of Waxwing’s Joinmarket blog, wrote about an interesting Coinjoin concept called Payjoin. The protocol further obfuscates the ownership of UTXO inputs during a Coinjoin transaction mixing cycle. According to Gibson, the Payjoin technique is “another nail in the coffin of blockchain analysis.” Also read: Mystery Bitcoin Miners Are Altering Mining…
-
Mystery Bitcoin Miners Are Altering Mining Pool Dominance
During the first month of 2019, studies have revealed the growing trend of unknown miners processing blocks on the Bitcoin Core (BTC) network. A few years ago, most mining pools began revealing their identity via the coinbase parameter when they found a block. Over the last two years, however, unknown miners have started to dominate…
-
New Malware Attacks Hold ASIC Miners to Ransom
According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto…
-
Current Crypto Bear Market Set to Become the Longest Ever
The market downturn that has prevailed since early 2018 is now within weeks of becoming the longest winter in the history of the cryptocurrency markets. Despite being on course to become the longest downtrend in BTC’s annals, the current market has produced the weakest drawdown of the three major bear trends experienced by BTC so…
-
Peer-to-Peer Trading Platform Bitquick Implements Bitcoin Cash Support
Over-the-counter marketplace Bitquick has announced the company is now supporting multiple cryptocurrencies and has officially added bitcoin cash (BCH) to the platform. Now cryptocurrency users can purchase BCH in as little three hours as traders buy and sell coins in a peer-to-peer fashion. Also Read: Regulations Have Ruined the Physical Bitcoin Industry Bitquick Exchange Adds BCH…
-
Lightning Network Co-Creator Is Designing a Scaling Solution Called Utreexo
A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol. According to Tadge Dryja’s recently published description of research, the software engineer is working on a dynamic accumulator called Utreexo. The project could theoretically allow network participants to verify the state of the chain’s…
-
Markets Update: Cryptocurrencies Follow Bullish Piercing Pattern as Buyers Advance
Digital currency markets have seen some gains during the early morning trading sessions on Saturday. Since our last markets update, the entire cryptocurrency economy has gained $4 billion and a slew of the top digital assets are up between 2-6% over the last 24 hours. Also read: Openbazaar’s New Social Media Platform Aims to Foster Privacy…