Day: August 21, 2018

Researcher: Stop Worrying About Bitcoin’s Environmental Impact

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A common mainstream media trope is that Bitcoin mining will soon use so much electrical power it could lead to an environmental catastrophe. We’ve often provided examples of how this is a false narrative, and now an independent energy researcher is saying the same. She points to miners migrating to locations with abundant renewable energy and highlights that the banking system is far more wasteful. Also Read: The Daily: Crypto Self-Regulatory Organization, 100 BTC Whistleblower Reward Don’t Worry, Be Happy Dr. Katrina M. Kelly-Pitou PhD holds dual roles at the…

Bitcoin Mining Giant Bitmain Invests in Blockchain Data Storage Startup

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Chinese bitcoin mining equipment manufacturer Bitmain has invested an undisclosed amount in blockchain data storage startup Lambda, the latter announced last Friday. Bitmain Expands its List of Portfolio Companies The new investment will see to Lambda further developits “secure” blockchain-based infrastructure and decentralized applications, commonly known as dApps. The Singaporean startup has already conducted a tokenized private sale round that attracted investments from FunCity Capital, BlockVC, BlueHill, Zhen Fund, and other well-known institutions. It is now gearing up for an initial coin offering (ICO) round with an aim to raise $5…

VeChain Price Extends Recovery as Market Awaits Bitcoin ETF Ruling

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The vechain price (VET/VEN) rose nearly 10 percent on Tuesday, even as the wider cryptocurrency market struggled just to tread water amidst declining trading volume. VeChain Price Doubles in Just One Week The cryptocurrency, the native token of the eponymous IoT-focused VeChain platform, has been one of the market’s top performers in August, as CCN has already reported. The vechain price continued its climb on Tuesday, rising approximately 9.5 percent for the day, even as no other top 20-cryptocurrency managed to make gains against the US dollar. VET is now…

Satoshi’s 1 Million Bitcoin Haul Could Be Smaller Than First Thought

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Bitcoin’s elusive creator Satoshi Nakamoto owns 1 million BTC, plus a corresponding number of BCH and other forked coins. That’s always been what we were led to believe, ever since a 2013 analysis by Sergio Lerner. A new analysis by Bitmex Research has now called that figure into doubt, suggesting that Satoshi’s stack, while still huge, may be smaller than previously thought. Also read: Are You Ready for What Happens If Satoshi’s Coins Move? Revised Estimate Slashes Satoshi’s 1 Million Bitcoin Haul by 30% Calculating the number of bitcoins owned by…

DST Global Denies Bitmain IPO Investment Few Days After SoftBank, Tencent’s Involvement Called Into Question

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Investment firm DST Global has confirmed that it “has never invested” into the cryptocurrency mining giant Bitmain’s pre-IPO in an email to Cointelegraph August 21. Cointelegraph received an anonymous tip today, claiming that DST Global has not participated in Bitmain’s $400 million funding round earlier this year, despite reports to the contrary. After being asked to confirm the rumour, John Lindfors, a managing partner at DST Global, has said this in an email to Cointelegraph today: “I can confirm that DST has never invested in Bitmain.” The news follows days…

Major Players Use Blockchain to Streamline Agribusiness’ Creaking Supply Chain

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Agriculture is proving to be one of the most promising sectors for the growth and implementation of blockchain technologies. The mammoth industry suffers from a number of endemic issues. Agricultural trade relies on complex relationships between farmers and retailers, as well as convoluted supply chain procedures which can complicate payments and product providence. As demand for agricultural trade becomes increasingly international, suppliers and innovators alike are looking to bring the trade into the twenty first century by capitalising on blockchain’s distributed ledger technology. What blockchain can do for transparency and…

Network Incompatibility Discussed After Bitcoin ABC Launches Latest Version

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On August 20, 2018, maintainers of the most used full node BCH client have announced the release of Bitcoin ABC version 0.18.0. The version release follows the recent announcement from the firm Nchain, who recently revealed they were launching a client called Bitcoin SV, but with completely different upgrade features. Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash Bitcoin ABC Developers Launch Version 0.18.0 With Consensus Changes Even though Bitcoin ABC was late on delivery the developers released exactly what they initially described in the development team’s roadmap…

Bets Against Bitcoin’s Price Near Record Highs

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The number of short orders placed on bitcoin is less than 3 percent away – or 1,146 orders – away from setting a new all-time high, according to data from cryptocurrency exchange Bitfinex. As of 16:00 UTC today, there are 39,524 short orders outstanding, marking its highest level in more than 4 months. Shorts have only been higher on one occasion: April 12, 2018, when the figure reached 40,719 orders.  Bitcoin shorts of this amount speaks volumes about the prevailing market sentiment being overwhelmingly bearish, given that investors continue to…

Bets Against Bitcoin’s Price Near Record Highs

boss

The number of short orders placed on bitcoin is less than 3 percent away – or 1,146 orders – away from setting a new all-time high, according to data from cryptocurrency exchange Bitfinex. As of 16:00 UTC today, there are 39,524 short orders outstanding, marking its highest level in more than 4 months. Shorts have only been higher on one occasion: April 12, 2018, when the figure reached 40,719 orders.  Bitcoin shorts of this amount speaks volumes about the prevailing market sentiment being overwhelmingly bearish, given that investors continue to…

BlockShow Americas 2018 Day Two Kicks Off, Discusses Benefits of Crypto, Bitcoin ETF

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BlockShow Americas 2018 has started yesterday in Las Vegas, bringing together more than 1,500 attendees and 80 speakers in the crypto and blockchain industries to discuss widely debated topics on the new technology and its impact on the global community. At the first day of the event on August 20, industry experts discussed major issues, including the new perspectives offered by the technologies and the question of interaction between major financial institutions and crypto, as well as the role of a proper regulatory approach to bring on the “blockchain future.”…