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Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
26.5.2020
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin...
Digital Yuan Has No Launch Date, Bank of China Stresses Amid Rumors of Looming Rollout
26.5.2020
People’s Bank of China clarified that there is still “no timetable” on a formal digital yuan launch, despite the ongoing pilot project
RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
26.5.2020
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing...
Bitcoin Cash Tokenization Bolstered by the Creation of an SLP Foundation
25.5.2020
On Monday, Bitcoin Cash (BCH) supporters were introduced to a Simple Ledger Protocol alliance called the SLP Foundation. According to the initial members, the SLP Foundation has been in the works since December 2019, and the primary goal is to foster SLP innovation and standards. Meet the...
John McAfee Announces Privacy Coin – Airdrop Today
25.5.2020
2020 has been a turbulent year for the cryptocurrency market, but it has established the resilience of blockchain technology. Despite a single-day market plunge that battered the entire market valuation with a 50% drop, the following rapid uptick in Bitcoin price has led it to outperform...
This Is Not Capitalism: How Covid-19 Shined a Light on America’s Fascist System
25.5.2020
In the last few months, giant American corporations and financial incumbents that are subsidized by the U.S. government, have profited immensely during the coronavirus outbreak. This has caused certain groups of people and those who despise wealth to claim that “capitalism is broken.”...
Market Outlook: Golden Cross Invalidated, Andreessen Horowitz Predicts ‘Fourth Crypto Cycle’
24.5.2020
The price of bitcoin and a number of other popular cryptocurrencies have been collectively holding a market valuation of around $255 billion. The fiat value of these cryptocurrencies has slipped downwards during the last four days. Despite the weekly losses of around 3-6%, many digital currency...
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
23.5.2020
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s...
The Death of the ICO: Has the US SEC Closed the Global Window on New Tokens?
23.5.2020
As Telegram learned, regulators in the U.S. are a major barrier to new projects looking for funding anywhere in the world
Various Ways in Which Cryptocurrency Has Proved to be of Immense Benefits
23.5.2020
Cryptocurrency, or the digital currency as it is normally called, is an encrypted internet-based medium of exchange that works independent of any central bank and can be used for trading anything on the digital platform. It has emerged to become the best financial alternatives to the modern...
Bitcoin Worth $282K from the 2016 Bitfinex Hack on the Move
23.5.2020
The cryptocurrency community has noticed a number of bitcoins from the August 2, 2016, Bitfinex breach has been moved. A small 30 BTC transaction ($282,000) from the stash has moved from the hacker’s address to an unknown bitcoin address. The last time coins from the Bitfinex incident moved...
Ethereum 1.0 Has 'A Major Role' To Play Before Merging With ETH 2.0
23.5.2020
Source: Adobe/ happy_e
Ethereum 2.0’s (ETH 2.0) first phase is approaching, but there’s still a major role for Ethereum 1.0 to play until the two versions’ best parts gradually merge, according to Jacek Sieka, the Head of Research at Nimbus, an infrastructure project of The Status Network.
Nimbus...
“The Modern Web”
22.5.2020
A couple of interesting articles making the rounds:
Tom MacWrite: Second-guessing the modern web
Rich Harris: In defense of the modern web
I like Tom’s assertion that React (which he’s using as a stand-in for JavaScript frameworks in general) has an ideal usage:
There is a sweet spot...
Illegal to Own Gold? Hedge Fund Manager Warns Governments May Ban Gold Ownership
22.5.2020
A well-known hedge fund manager has warned that governments may ban private gold ownership. He explained that central banks may attempt to demonetize gold, making it illegal for private individuals to own, as the authorities lose control of inflation amid the coronavirus-led economic crisis....
10 Years After Laszlo Hanyecz Bought Pizza With 10K Bitcoin, He Has No Regrets
22.5.2020
Laszo Hanyecz's 10,000 BTC pizza buy 10 years ago has a special place in bitcoin folklore, highlighting, however expensively, that participation is necessary for network success
3 Bitcoin Price Metrics Just Converged — A Bull Run Has Always Followed
22.5.2020
A basket of one quant analyst’s favorite metrics is still overly bullish, casting aside this week’s Bitcoin price drop
Kleiman Lawyers: Craig Wright ‘Has Keys to Encrypted BTC 820,200 File’
22.5.2020
Craig Wright. Source: a video screenshot, Youtybe, CoinGeek
The long and bitter legal struggle between Dave Kleiman’s estate and Australian computer scientist Craig Wright has taken a new twist, with the former’s legal team claiming Wright has the keys to an encrypted file that may contain...
Craig Wright Already Has Key to Encrypted ‘Satoshi’ File — Kleiman
22.5.2020
Ira Kleiman’s legal team claims Craig Wright already has access to the encrypted file at the heart of the case, citing the movement of $1.6 million BTC as evidence
Gox Rising Offers $800 per Bitcoin Claim to Buy out Mt Gox Creditors
22.5.2020
Gox Rising has offered to buy out creditor claims from the collapsed cryptocurrency exchange Mt. Gox. The Brock Pierce-led outfit will pay $800 per bitcoin claim, either in BTC or cash, to creditors who are unwilling to wait for the finalization of the ongoing civil litigation. “Our payment...
Trump Signs Deregulation Order to Boost US Economic Recovery
21.5.2020
U.S. President Donald Trump has signed an executive order to eliminate “unnecessary regulations that impede economic recovery” following the coronavirus crisis. With this deregulation, government agencies are “encouraged to promote economic recovery through non-regulatory...