Day: September 23, 2018

Political Donations in Bitcoin Outlawed in California

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California’s campaign watchdog arm, the Fair Political Practices Commission, ruled that candidates will not be allowed to receive donations for political campaigns with cryptocurrencies like bitcoin, the Associated Press reported on September 21, 2018. Cryptocurrency Donations a Threat to Political Transparency A new ruling from the state’s political watchdog says that candidates running for public offices in the state of California cannot receive any donations in the form of cryptocurrencies. California’s Fair Political Practices Commission (FPPC) voted 3-1 to prohibit political donations in cryptocurrencies on September 20, the Associated Press…

Bitcoin Price Weekly Analysis: BTC/USD Turned Short-term Bullish

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Key Points Bitcoin price traded higher and cleared the $6,580-6,600 resistance zone against the US Dollar. There is a key bullish trend line in place with support at $6,550 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair is currently correcting lower, but it could find support near the $6,600 and $6,550 levels. Bitcoin price climbed above the key $6,600 resistance against the US Dollar. BTC/USD needs to clear the $6,850 level to gain upside momentum in the near term. Bitcoin Price Analysis This past…

Ethereum Price Weekly Analysis: ETH/USD Uptrend Is Intact

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Key Highlights ETH price is trading with a positive bias above the $220 level against the US Dollar. There is a major bullish trend line formed with support at $224 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is currently struggling to break the $252 resistance and is correcting lower. Ethereum price is trading with positive moves versus the US Dollar and Bitcoin. ETH/USD could decline a few points, but it remains supported above $220. Ethereum Price Analysis This past week, there was a slow and…

Venezuela to Adopt Controversial Petro Token in Global Trade

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Venezuela’s President Nicolas Maduro is doubling down on his belief that the state-created petro token will help solve the country’s chronic inflation and act to stabilize the economy. During a TV appearance on Thursday in which he addressed economic issues, Maduro announced the adoption of the petro in international trade starting from October. The announcement comes despite doubts cast by economists and analysts that the token would be accepted by the international markets, as reported by Reuters. “The Petro enters … as a currency of exchange, purchase and convertible currencies for the…

‘Turbo Geth’ Seeks to Scale Ethereum – And It’s Already in Beta

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There’s software ready to help ethereum scale – right now. Revealed exclusively to CoinDesk, the raw architecture of Turbo Geth has been completed – and is currently available to early adopters for testing. Alexey Akhunov, the independent software developer that built the software, told CoinDesk that unlike many other scaling solutions, Turbo Geth looks at tackling ethereum’s so-called state, instead of transaction congestion and costs. The term “state” in this context describes the every-increasing history of all computations of the network. By rewriting Geth, the Ethereum Foundation’s in-house software for interacting…

Reports: Taiwan Police Arrest Cody Wilson Following Assault Charges

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Taiwan police have arrested Cody Wilson just days after U.S. police accused him of sexually assaulting a minor, a CBS affiliate reported Friday. Citing the Taiwan Criminal Investigation Bureau (CIB), CBS Austin said Wilson was arrested this morning. The arrest was seemingly confirmed by the Taiwan News, a 60-year-old media outlet based in the country. CoinDesk was unable to confirm the arrest with the CIB as of press time. The Central News Agency, a state-owned news organization, also reported the arrest, adding that Wilson would be deported to the U.S.…

US Navy Launches Blockchain Research in Mission to Improve Tracking System

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A U.S. Navy command is exploring the potential of blockchain technology in tracking aircraft parts. The Naval Air Systems Command (NAVAIR) – which provides material support for aircraft and airborne weapons systems for the navy – announced in a press release Friday it is investigating whether blockchain could trace parts through their life-cycle more efficiently and cost-effectively than with current methods. “Knowing the origin and history of flight-critical aircraft parts is a resource-consuming process that drives up the cost to operate military aircraft,” NAVAIR explains. With existing systems, after delivery, parts are tracked…

Brave Browser Is Using Civic’s Blockchain Platform to Verify Publishers

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Privacy-focused internet browser Brave will begin using blockchain identity startup Civic’s verification services to ensure publishers are paid for their content with Brave’s Basic Attention Token (BAT). The companies announced Friday that content producers hoping to participate in Brave’s “verified publishers” program can use Civic’s identity verification and know-your-customer (KYC) services to confirm their identities and earn BAT tokens. Both startups maintain a focus on protecting users’ identities and personal information through their services. Brave’s platform works by allowing its users to pay for content by anonymously donating BAT tokens…

Bitmain CEO Announces New 7nm Bitcoin Mining Chip

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The bitcoin mining industry is having an exciting couple of days. Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain has upped the ante with the announcement of a new 7nm application-specific integrated circuit (ASIC) processor that it says offers better hashing power and energy efficiency over older models. The ASIC – a powerful type of chip designed for specific types of computation – was announced Friday by Jihan Wu, CEO and co-founder of the Beijing-based firm, at the World Digital Mining Summit in Tbilisi, Georgia.…

Report Finds Cryptojacking Instances Jumped 400% In A Year

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Instances of cryptojacking malware have jumped more than 400 percent since last year, a new report finds. A collaborative group of cybersecurity researchers called the Cyber Threat Alliance (CTA) published the report Wednesday, detailing the various and repercussions from cryptojacking – the illicit practice of hijacking a user’s computer to mine cryptocurrencies. Most notably, CTA points out in the research that the number of instances of illicit mining malware found has sharply spiked in the months from the close of 2017 to end of July 2018. The report states: “Combined…