Day: November 2, 2018

A Week of Satoshi Pt. 5: What Is on the Horizon for Bitcoin?

boss

Bitcoin is set to witness a range of upgrades that will address its network’s challenges and potentially cement its leadership position as the world’s largest digital currency for decades to come. The fifth part in our A Week of Satoshi series will provide insight into the planned improvements for the pioneer crypto network and how these upgrades may affect the digital currency going forward. The Introduction of the Lightning Network The Lightning Network mainnet beta was launched on March 15, 2018, as a response to the significant scalability challenges that…

Winklevoss Twins Sue Charlie Shrem For Allegedly Stealing 5,000 Bitcoin

boss

The Winklevoss twins have filed a lawsuit against bitcoin investor Charlie Shrem, alleging that Shrem “stole” 5,000 bitcoins from them in 2012. According to a recent report released by the New York Times, Charlie Shrem has made several large purchases over the past year, including multiple real estate properties, luxury cars, powerboats and a $2 million house. Cameron and Tyler Winklevoss have since filed a civil suit against Shrem, alleging that these recent purchases were made using bitcoins Shrem stole from the pair in 2012. When Shrem was arrested in…

BitMEX CEO Affirms Bear Call, Says BTC May Fall to $2,000

boss

Twitter Facebook LinkedIn What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent. CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last…

Despite the US-China Trade War, Activity Surges as Samsung and GMO Enter

boss

Throughout 2018, the cryptocurrency market experienced the fourth worst correction in its nine-year history, as Bitcoin lost more than 69 percent of the value from its all-time high of $19,500. Despite the substantial decline in the price of Bitcoin (BTC), which heavily affects the earnings of miners, the hash power of the Bitcoin network has continuously increased throughout the past 10 months, from 15 million TH/s to over 50 million TH/s from January to October. As portrayed by the research of blockchain analyst Barclay James, the breakeven cost of mining…

Decentralization via DLT ‘Provides More Security’

boss

Maltese politician and a Member of the European Parliament (MEP) Roberta Metsola claimed that decentralization powered by blockchain “provides more security,” Cointelegraph learned during her speech at the Malta Blockchain Summit on Friday, Nov. 2. Addressing the summit, Metsola expressed a positive stance by the European Parliament (EP) regarding the emerging industry of blockchain and cryptocurrencies. The Maltese politician revealed that the industry’s issues are “of course” on the agenda of the EP, with its members encouraging to move adoption from “vision to reality.” In her testimony, Metsola declared that…

Israeli Startups Raised $600 Million Through ICOs in 2018: Report

boss

Israeli startups have brought in more than $600 million in funding from initial coin offerings (ICOs) in the first three quarters of 2018, according to an industry report. Crypto analytics and research firm One Alpha surveyed ICOs and blockchain projects globally, from the past year, aiming to provide an overview on the status of the blockchain and ICO ecosystem, with a particular focus on Israel. One Alpha’s survey counted 140 active blockchain-related companies in Israel, which, when combined with other forms of investment, have received $1.3 billion worth of investments.…

Blockchain Firm Plans to Build Smart City in Nevada Desert

boss

Blockchain Firm Plans to Build Smart City in Nevada Desert November 2, 2018 by Ian Edwards Blockchains LLC has revealed plans to build a blockchain-based smart city in Nevada on a large parcel of land it purchased in the desert last January. But the firm has other plans as well: it has acquired repurposed nuclear bunkers and is looking to create a decentralized bank and Esports arena. A hologram of a child was also involved in the presentation. Also see: Russia Creates Arbitration Body for Cryptocurrency Disputes Subscribe to the Bitsonline YouTube…

Blockchain Firm to Build Smart City in Nevada Desert

boss

Blockchain Firm to Build Smart City in Nevada Desert November 2, 2018 by Ian Edwards Blockchains LLC has revealed plans to build a blockchain-based smart city in Nevada on a large parcel of land it purchased in the desert last January. But the firm has other plans as well: it has purchased repurposed nuclear bunkers and is looking to create a decentralized bank and Esports arena. A hologram of a young girl was also involved. Also see: Russia Creates Arbitration Body for Cryptocurrency Disputes Subscribe to the Bitsonline YouTube channel for great videos…

Buterin Denies Report, Not Stepping Back From Ethereum Development

boss

Twitter Facebook LinkedIn Vitalik Buterin, the co-creator of Ethereum, has denied reports that he is stepping back from Ethereum development. On November 1, MIT Technology Review released an article entitled “Ethereum founder Vitalik Buterin says his creation can’t succeed unless he takes a step back,” which claimed that Ethereum cannot succeed and achieve true decentralization if it depends on Buterin to lead its development. The report led several critics to falsely suggest that Buterin will refrain from contributing to the development of the Ethereum blockchain. In a statement, Buterin emphasized…

Europe-Targeted Crypto Custodial Service Multiwallet Applies for Custodial License in Malta

boss

Blockchain firm Multiwallet will launch a Europe-targeted crypto custodial service regulated by Maltese regulators, the company revealed to Cointelegraph at the Malta Blockchain Summit on Nov. 2. Claiming to be fully compliant with Malta’s existing initial requirements for a crypto custodial service, Multiwallet is now seeking a custodial license from the Maltese government. As told to Cointelegraph, the upcoming custodial service will be regulated by the Malta Financial Services Authority and the Malta Digital Innovation Authority to operate legally as a tool of managing cryptocurrency transactions across Europe. While Multiwallet…