Day: October 3, 2018

Retail Brokerage TD Ameritrade Backs New Crypto Exchange

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Brokerage firm TD Ameritrade is investing in a brand new cryptocurrency exchange, Bloomberg reported Wednesday. Dubbed ErisX, the exchange will allow investors to trade bitcoin, bitcoin cash, ethereum, litecoin and bitcoin futures, as well as certain cryptocurrency futures, a spokesperson told the news source. The exchange, built by derivatives market provider Eris Exchange LLC, is also backed by DRW Holdings and Virtu Financial. The futures contracts traded by the exchange in particular will be physically delivered, not cash-settled. Moreover, while at present TD Ameritrade customers can trade bitcoin futures contracts…

Bitcoin Adoption ‘Lost Years and Years’ Due to Scaling Debate: Roger Ver

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Bitcoin Adoption ‘Lost Years and Years’ Due to Scaling Debate: Roger Ver October 3, 2018 by Jon Southurst “Get the economics (of bitcoin) wrong and you get everything wrong,” said entrepreneur Roger Ver in his presentation last week at the World Digital Mining Summit in Georgia. He describes to Bitsonline in this interview how community infighting and censorship of information online has set back bitcoin adoption by years, and sent billions in value to other cryptocurrencies. Also see: Railroaded: Five Years Since Ross Ulbricht’s Imprisonment Subscribe to the Bitsonline YouTube channel for great…

‘Radical Rethink’ of Blockchain Regulation Is Imperative

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Anastasios A. Antoniou, a member of the EU Blockchain Observatory and Forum, thinks that blockchain has to find its place within a regulatory framework rather than evade it, according to his post published in the Oxford Business Law Blog Wednesday, October 3. The expert thinks that it is imperative to bridge the divide between code and law in blockchain, calling this “a radical rethink” of current regulation. Antoniou further compares the current legal situation around blockchain with the principle question of the late 1990’s dedicated to cyberspace regulation. He explains…

If You Hold 0.28 BTC, You’re Part of the 1%

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Due to the fixed supply of Bitcoin, former Google Product Director Steve Lee stated that only 1 percent of the world’s population can own more than 0.28 BTC. “If you own 0.28 BTC and HODL, you can be certain no more than 1% of the current world’s population can ever own more BTC than you. A modest investment of $1,830 today can ensure you are a 1%er in a future Bitcoin world,” Lee explained. Throughout the next few years, the scarcity of Bitcoin will increase as more investors and institutions…

IBM Awarded Patent for Secure System Based on Blockchain

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The U.S. Patent and Trademark Office (USPTO) has recently awarded a patent for a blockchain-based secure system to U.S. tech conglomerate IBM, according to a patent filing published on USPTO’s website Tuesday, October 2. As IMB explains in a document first filed in September 2017, the technology enables the detection of security breaches within a network by connecting all the monitors to a chain configuration, which registers all events in the network. This, in turn, might help to prevent different sorts of hacks. According to a detailed explanation provided by…

Coca Cola Vending Machine Accepts Bitcoin Payments via Lightning Network

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Technology and cryptocurrency enthusiast, Ricardo Reis has developed a vending machine that refills your bottle or glass when a bitcoin payment is received, as per a tweet published September 30, 2018, 2018.  The Brazilian hardware hacker used everyday electronics and tools like a Raspberry Pi, water pump, a touch screen, some wood, and basic programming knowledge to build the machine. He has also documented the entire process in a post on Medium. The Procedure Ricardo uploaded a video on YouTube explaining how his invention works. The customer first scans a QR…

Tiberius: Move Over Stablecoins… The Era of the Basket Coin Is Upon Us

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Tiberius: Move Over Stablecoins… The Era of the Basket Coin Is Upon Us October 3, 2018 by Paul de Havilland Tiberius is planning on launching a cryptocurrency backed by a basket of seven metals. The Tiberius seven-metals coin is set to join the can of stablecoins that has been opened recently, soon to become one of few cryptos to be backed by physical commodities. Also see: Is Noble Bank on the Brink of Insolvency and Will Tether Collapse With It? Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders &…

Senior Executive Halts Wall Street Journal’s Own Cryptocurrency

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The Wall Street Journal (WSJ) created and then destroyed its own cryptocurrency in a bid to “understand” the industry, the publication revealed in a mini documentary Wednesday, October 3. WSJ Coin, which journalist Steven Russolillo hoped would shed light on the emerging crypto economy while providing real use cases for the journalism industry, made it to the grand total of two issued units. A mound of around 150 physical WSJ Coins was further distributed to the audience of a panel discussing the concept at the publication’s D.Live annual technology conference…

Coinbase Rolls Out System to Free Up Stuck Bitcoin Payments

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With transaction fees “volatile and unpredictable,” sending cryptocurrencies can sometimes be frustrating. So says U.S.-based crypto exchange Coinbase in a new blog post that sets out the issues rising from shifting miner fees, and exactly what it has been doing to address the problem. As most who have sent or received bitcoin will know, the primary problem is that the fee variations can mean significant changes in the amount of time it takes for transactions to be confirmed. Coinbase says this wastes company time in pointless support requests and provides…

Bitcoin Wobbles on 2 Percent Drop as Altcoins Fall Harder

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Bitcoin (BTC) stemmed losses compared to many major altcoins Wednesday, October 3, as news hit of crypto exchange Coinbase’s reported $8 billion valuation. Market visualization by Coin360 Data from Cointelegraph’s price tracker and Coin360 shows Bitcoin proving a safe haven against all but one of the top ten crypto assets, losing around 1.6 percent in the 24 hours to press time. BTC/USD had grown over the past week to hit $6,783, before a correction saw prices return to match their position on September 27, trading now at around $6,478 by…