Day: October 2, 2018

Blockchain Has ‘Staggering’ Potential, Pres. Bill Clinton Tells Ripple Conf.

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Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct. 1, a former U.S. president appeared at a cryptocurrency industry conference sponsored by the largest holder of — not bitcoin — but a cryptoasset just one-fifth its size, to casually discuss the promise and perils…

Blockchain Has ‘Staggering’ Potential, Pres. Bill Clinton Tells Ripple Conf.

boss

Ten years ago this month, pseudonymous developer Satoshi Nakamoto published the whitepaper for a new piece of technology that sought to upend the global financial system: “Bitcoin: A Peer-to-Peer Electronic Cash System.” There’s perhaps no clearer sign of the degree to which the Nakamoto revolution has begun to take hold than that yesterday, on Oct. 1, a former U.S. president appeared at a cryptocurrency industry conference sponsored by the largest holder of — not bitcoin — but a cryptoasset just one-fifth its size, to casually discuss the promise and perils…

Google’s Ban of Obfuscated Code From Web Store Extensions Likely to Affect Cryptojackers

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Google’s new restrictions on Chrome Web Store extensions introduced Monday, October 1, are likely to affect cryptojackers. In a blog post, Google confirmed that as of now, Chrome extensions submitted to the Web Store would not be allowed if they contained “obfuscated” code. Aside from the security implications, obfuscated code, which the post describes as “mainly used to conceal code functionality,” “adds a great deal of complexity” to the process of reviewing extensions for approval. Cryptojackers rely on the clandestine insertion of malicious malware into scripts, allowing them to mine…

VC Investment in Blockchain Startups Is Up 280% So Far This Year

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As the crypto industry sees a decline in initial coin offerings (ICOs) amid regulatory concerns and major losses across token markets, traditional VC investment is once more on the rise. In its latest report, blockchain research group Diar reports that blockchain and cryptocurrency-focused startups have raised nearly $3.9 billion through VC investments in the first three quarters of the year – that up 280 percent when compared to the whole of 2017, it says. Based on data from Pitchbook, the report indicates that number of deals also nearly doubled this year. VC investment in blockchain/crypto (Source:…

Korea’s Largest VC Firm Makes First Investment in Enterprise Blockchain Startup

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South Korea’s largest venture capital (VC) firm, Korea Investment Partners (KIP), is investing in its first blockchain startup, TEMCO, according to an October 1 press release. KIP is known for its investments in high-ranking firms that include Naver — Korea’s largest search engine, as well as owner of the popular Japanese messaging app LINE — and Korean messaging giant Kakao, among others. Both LINE and Kakao have made multiple inroads into the crypto space, with the former launching its own crypto token and exchange, and the latter establishing its own…

Blockchain Could Avoid an Irish Hard Border in Brexit: UK Finance Minister

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As the Irish border question has remained one of the thorniest issues in the Brexit talks between the United Kingdom and the European Union, a cabinet minister in Prime Minister Theresa May’s government believes the solution lies in technology. According to Phillip Hammond, UK’s finance minister, the best way to ensure trade across the Irish border remains frictionless after Britain leaves the EU lies in the use of blockchain technology. “There is technology becoming available (…) I don’t claim to be an expert on it but the most obvious technology…

Enterprise Ethereum Alliance and Hyperledger Enter Formal ‘Association’ Agreement

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The Enterprise Ethereum Alliance (EEA) and Hyperledger announced October 1 they would join each other’s organizations as “Associate Members” in order to support enterprise blockchain adoption. The EEA, an enterprise blockchain organization created in March 2017 by Santander, JPMorgan, and a variety of other members, focuses on improving the privacy, scalability, and security of Ethereum (ETH) blockchain applications. Brian Behlendorf, Executive Director of Hyperledger at the Linux Foundation and Ron Resnick, Executive Director of the Enterprise Ethereum Alliance, explained the impetus for the decision to join together in a blog…

Huobi on Alleged EOS ‘Mutual Voting’ Scandal: ‘No Financial Contracts Involved’

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Chinese cryptocurrency exchange Huobi has responded to accusations it has “colluded” with EOS on “mutual voting” practices, Tuesday, October 2. In a brief statement, the exchange said an investigation into the allegations which Cointelegraph reported on October 1 was “still ongoing.” “Based on the initial investigation, there were no financial contracts involved between Huobi and any third party,” the statement reads. “The investigation is still on-going [sic] and therefore, we seek your patience and co-operation [sic] in this matter.” On Monday, Block.One, the parent company of the EOS platform, had…

Bitcoin Price Faces Minor Drop After Failure to Pass Key Resistance

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Bitcoin price is vulnerable to modest slippage as the persistent failure to beat a key moving average hurdle may embolden the bears. The leading cryptocurrency has been in a narrow sideways drift in recent days. More importantly, the sideways moving 50-day exponential moving average (EMA) has proved a tough nut to crack since Saturday. BTC’s inability to cross the 50-day EMA for four straight trading days indicates that the bullish move from the Sept. 19 low of $6,100 has likely lost momentum. As a result, the door is open for…

Blockchain Could Be Solution to Irish Border Trade Issue After Brexit

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British finance minister Philip Hammond has said that the issue of trade across the Irish border after Great Britain leaves the European Union (EU) might be solved by deploying blockchain technology, The Irish Times reported October 1. Speaking at the Tory party conference in Birmingham, Hammond reportedly asserted that “there is technology becoming available […] I don’t claim to be an expert on it but the most obvious technology is blockchain,” when asked how the government plans to achieve frictionless trade after Brexit. Addressing the future of the Irish border,…