Category: Technology

These 4 things pose existential risks to Bitcoin, possibly preventing a rally to trillions

With governments and central banks around the world printing trillions of dollars, proving why the scarcity of Bitcoin is so fundamentally important, many have become extremely bullish on BTC and cryptocurrencies as a whole. Case in point: Raoul Pal — the former head of hedge fund sales at Goldman Sachs and the CEO of Real…

May 26, 2020
$9M and Over 4,500 Fusions – Bitcoin Cash Supporters Anticipate the Cashfusion Audit

Since November 28, 2019, the Cashfusion protocol has helped facilitate 4,583 fusions to-date with roughly 40,564 bitcoin cash ($9.1M). Cashfusion is an extension of the Cashshuffle platform and the protocol has been deemed “far more practical than other coinjoin protocols.” Bitcoin Cash proponents are now waiting for the completion of the codebase audit, as the…

May 26, 2020
China: Congressman calls for a blockchain fund to tap “new economic potential” and bolster employment

China’s leaving no stones unturned in its apparent motive to become a global blockchain leader. This past weekend, an official of the China National People’s Congress suggested the parliament to increase state-budgeted funds towards blockchain development and digital currencies, terming it a “new economic potential.” The move comes days after Korea mulled a $400 million…

May 26, 2020
New Ripple app wants users to “be their own bank,” exchange currencies on XRP Ledger

An application built on XRP Ledger by a team funded by Xpring is looking to make a splash in the XRP community, courtesy of their Xumm mobile app. Under development by XRPL Labs, a firm that develops products solely for XRP Ledger, Xumm is an “all-inclusive” platform that allows XRP holders to settle and track…

May 26, 2020
Bitcoin Core dev: It will take almost infinity years to “crack” a BTC address with a GPU

[youtube https://www.youtube.com/watch?v=wlzJyp3Qm7s&w=560&h=349] A Twitter user going by “MasterChangz” made quite the scare on Twitter on May 24 when he opined that Bitcoin’s “days are numbered” due to the improvement of computational technology. Image from the user “MasterChangz,” indicating he is testing 600 million private keys each second with a graphics card to try and hack…

May 25, 2020
Ethereum co-founder worried about the trust models of BTC-pegged ETH tokens

Bitcoin-pegged ETH tokens remain a topic of a divide in the cryptocurrency community. While such projects have attracted institutional investments and widespread adoption, some observers aren’t pleased with their overall consensus mechanism. Trust models under scrutiny Take Wrapped Bitcoin (WBTC), launched in 2018, with BitGo serving as a Proof-of-Reserve custodian for example. WBTC is an…

May 25, 2020
Vitalik Buterin discusses how Google could use Ethereum for better “spreadsheets”

Naysayers of blockchain technology relegate to a singular narrative whenever given the chance — is blockchain or DLT any better than being a glorified database? When Vitalik Buterin, Ethereum’s co-founder, was asked the question, you’d bet his reply was nothing short of insightful. It’s all about centralization Udi Wertheimer, the host of the Reckless Review…

May 22, 2020
IOHK launches new Cardano (ADA) blockchain explorer based on Byron reboot

The new Cardano Explorer based on the updated Byron reboot infrastructure has just been launched. IOHK said that the new explorer is a significant step up from the original and is among the final steps that will lead to the Shelley mainnet. Users can now look at Cardano through a completely re-engineered blockchain explorer After…

May 21, 2020
Most of the 20 crypto firms worth over $1 billion apiece are based in Asia

There is no denying the sentiment that the U.S. is the global hub of technology and financial innovation. American innovators are behind the world’s biggest companies, Amazon, Apple, Google, and more. Even with small-scale startups, talent is centralized in America. But it’s a whole different story for crypto and blockchain. Instead of the U.S. dominating…

May 20, 2020
“Concerned” by Chinese influence, ICON founder reveals South Korea is mulling a $400 million blockchain fund

South Korea’s fascination with blockchain and cryptocurrency seemingly grows stronger each day. The country is among the few global powers to have embraced and made regulations for the controlled rise and introduction of digital currencies. Now, there might be greater plans in the mix, if a recent development, buoyed by Chinese progress in blockchain systems,…

May 15, 2020