Day: September 7, 2018

EOS Block Producers Move to Cut Costs for Users

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The EOS blockchain project is hoping to boost the onboarding of new users by reducing the cost of opening accounts. EOS New York, one of the network’s 21 block producers (the entities elected to verify transactions on the network), announced Thursday that 15 block producers had approved a new protocol update which reduces cost of a new account from 4 kibibytes (KiB) to 3 KiB (roughly $1.84 as of September 6). KiB are used to measure amounts of data. The change also grants new accounts 1,400 bytes of RAM for…

Ripple’s General Counsel Exits Startup, Spokesperson Says

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Ripple general counsel Brynly Llyr has exited the blockchain payments startup, a spokesperson told CoinDesk on Friday. Llyr joined the company in 2016 as its top legal officer, remaining a part of the team for two and half years. While no reason was provided for her departure, a Ripple spokesperson told CoinDesk that her leaving was a “mutual decision” between her and the firm. Quartz first reported the news. The spokesperson added in a statement: “We’re grateful to all that she did to help build an incredible team that will…

Bets Against Ether’s Price Hit All-Time High

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The number of short orders placed on ether (ETH) reached a new all-time high during Friday’s trading session, according to data from the cryptocurrency exchange Bitfinex. At approximately 10:00 UTC Friday, the number of shorts placed on ETH/USD, the world’s second largest cryptocurrency by market capitalization, surpassed the prior mark of 202,854 to ultimately reach a new high of 208,689. The new figure represents an 81.96 percent increase week-to-week and a 162 percent jump from mid-August. The development follows an unfavorable week for the broader cryptocurrency market and ETH in…

Energy Giant Engie, Maltem Back New ‘Blockchain Studio’ With $2.3M

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French energy company Engie and business consulting group Maltem are launching a new blockchain development spinoff for commercial clients, the companies announced Friday. Dubbed Blockchain Studio, the new venture will target clients in Asia and Southern Europe, Engie said in a press release. Its first product is a software suite that “accelerates and industrializes the implementation of blockchain projects.” “Most blockchain projects stagnate at the ‘proof of concept’ stage and this technology still remains the domain of experts and specialists,” the company said in its release. The tools will help…

Bitcoin as the Solution to the Brewing Global Economic Crisis

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Admir Tulic, a crypto enthusiast and investor, has likened Bitcoin to a valuable cure for a global economic disease. Writing in a blog post on his Medium page, the Accept.io Content and Community Manager stead that the pioneer cryptocurrency will take on and defeat what he terms as “the massive over-indebtedness and money-printing system that leads straight to the sixth mass extinction.” “Unfolding Tragedy” According to Tulic, humanity is in the throes of an ongoing tragedy which is getting worse as resources necessary to sustain our existence are running out.…

Bitcoin’s Hopeful Numbers: 70% Familiar in the United States

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This week Yougov Omnibus released a host of encouraging new survey data, new numbers, and among their findings “48% of millennials would be interested in using cryptocurrency primarily…A vast majority (79%) of Americans are familiar with at least one kind of cryptocurrency.” Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug Some Encouraging Bitcoin & Crypto Numbers Amid sagging crypto market prices, it’s heartening for enthusiasts to receive survey data like that recently released by Yougov Omnibus. Their findings concluded, “By far, the most well-known cryptocurrency among…

Major Mining Pool F2Pool Publishes List of Minimum Prices for Profitable Crypto Mining

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The CEO of China-based crypto mining pool F2Pool posted a company-branded infographic September 6 that indicates at what minimum price points the mining of various cryptocurrencies becomes unprofitable. Shixing Mao, co-founder and CEO and of the world’s sixth largest mining pool F2Pool, published a list of price levels for major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC) below which mining said currency with various different miners allegedly becomes unprofitable. According to Mao’s graphic, if Bitcoin’s price hits lower than 36,792 yuan (about $5,376) point, this…

Scattered Gains Bring Respite after Midweek Crash, But Many Alts Continue to See Losses

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Friday, September 7: after the midweek bloodbath, crypto markets have slightly stabilized today, although many coins continue to shed value, as Coin360 data shows. Market visualization from Coin360 Bitcoin (BTC) is trading at around $6,430 at press time, down just under one percent on the day, according to Cointelegraph’s Bitcoin Price Index. Despite a bullish start to September, Bitcoin’s price decline set in this Wednesday, September 5. Since then, the leading cryptocurrency has spiralled downwards from a high of $7,391 to over $1,000 less at its intraday low today at…

Distributed Dialogues: Governance and Decentralized Platforms

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On the latest episode of Distributed Dialogues, Dave and Rick from the Let’s Talk Bitcoin Network host interviews on the risks and rewards of government interference in the cryptocurrency space. The first guest, John Collins, got his start in government on the Senate Committee of Homeland Security, and quickly moved to working with Coinbase after he first heard about Bitcoin in 2013. Since then, he’s tried to bridge the worlds of policy and cryptocurrency. Collins discusses the ways in which he has worked to make the government see regulation as…

Opera’s Ethereum Wallet Now Lets You Send CryptoKitties to Your Friends

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Opera users can now send CryptoKitties and other cryptocurrency-based collectibles to their friends using the web browser’s built-in Ethereum wallet. The Norwegian software company, whose controlling shareholder is bitcoin mining giant Bitmain, announced on Friday that it has added support for a “curated list” of Ethereum-based tokens built to the ERC-721 standard. From the announcement: “We are big fans of collectibles. They are unique digital things you can own on the blockchain and collect in your wallet. We believe that as an increasing portion of our lives moves online, so…