Day: December 2, 2018

Bitcoin History Part 2: The Bitcoin Symbol

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Featured In the second installment of our series on key moments from Bitcoin’s history, we look at the circumstances that led to the selection of the distinctive ₿ symbol and corresponding logo. As internet records show, the initial Bitcoin logo was one of the few nontechnical aspects of Bitcoin in which Satoshi Nakamoto had a say. Also read: Bitcoin History Part 1: In the Beginning From Baht to Bitcoin When Satoshi published his whitepaper a decade ago, and then mined the genesis block a little over two months later, there…

Solar energy and blockchain technology

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Cynobacteria were the earliest life forms to harness photosynthesis leading to the Great Oxidation Event, to which we owe our existence and sustenance. Humans harnessed solar energy with solar cells. Initially, these were manufactured for the space program and remained an expensive curiosity as a terrestrial source of energy. In those times, the high incentives and subsidies given to solar energy program in Germany was considered nonviable by other nations, until the Chinese took benefit of the German solar demand and the economical, large scale and efficient manufacturing of solar…

Bitcoin Price Flirts with Breakout But May Not Yet Have Bottomed

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The bitcoin price on Sunday surged as high as 7.28 percent against the US dollar ahead of the US session. The BTC/USD rate is trading at 4158-fiat at press time. The pair is almost completing the formation of an inverse head and shoulder pattern. Its neckline appears more like a near-term falling trendline, capping the strong upside movements lately. The latest jump in BTC/USD has affirmed what bulls are…

G20 Country Leaders Call for International Cryptocurrency Taxation

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The G20 countries have called for the taxation of cryptocurrency, as well as its regulation to combat money laundering, Japanese news outlet Jiji.com reports Dec. 2. According to Jiji.com, the final text of a document jointly delivered by G20 leaders calls for “a taxation system for cross-border electronic payment services.” The article then specifies that under current laws, foreign companies that do “not have a factory or other base in Japan” cannot be taxed by the local government. The publication then cites that the G20 leaders seek to “build a…

Why This Stablecoin Might be the One to Dethrone Tether

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Several months ago, crypto exchange Gemini made waves when it announced that, with permission from the New York Department of Financial Services (NYDFS), it had created a USD-pegged cryptocurrency “stablecoin” that would provider traders and institutions with a “regulated” alternative to tether (USDT), which was frequently the subject of controversy despite having a multi-billion dollar market cap and the second-highest average daily trading volume of any cryptocurrency. That same…

Indian State to Launch Blockchain-Based IP Marketplace in Bengaluru

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Indian State to Launch Blockchain-Based IP Marketplace in Bengaluru December 2, 2018 by Akshay Makadiya The Indian state of Karnataka, home to the country’s own Silicon Valley, is contemplating establishing a blockchain-based Intellectual Property (IP) marketplace based in Bengaluru (Bangalore)–a platform where innovators can patent ideas and then trade them to investors. Also read: New Dawn: Treasury Dept. Levies Bitcoin Address Sanctions Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Blockchain to Power Intellectual Property Trading Speaking at the 21st edition of Karnataka’s flagship technology event, the Bengaluru…

TRON, Litecoin, XEM, Bitcoin, Ethereum

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Critics are pointing to large energy consumption by the Bitcoin mining industry as a threat to the global climate. However, CoinShares, a digital asset management firm, estimates that about 77.6 percent of Bitcoin mining is done using renewable energy, arguing the harm to the environment is much less than what it is made out to be. After the mayhem in November, crypto markets are showing the first signs of buying at lower levels. The total market capitalization of all cryptocurrencies peaked just above $138 billion today, a 20 percent increase…

Bitcoin, XRP, Ether Have Staying Power — BTC To Do Well In 2019

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Tom Lee Chalks Up Recent Bitcoin Crash To “Macro Meltdown” Diehard Bitcoin bull Tom Lee, the head of research at New York-based Fundstrat Global Advisors, recently sat down with CoinTelegraph to provide his insights into the recent Bitcoin (BTC) crash. Although Lee is often lambasted for his overly bullish calls, such as his forecast for BTC to eclipse $15,000, the Fundstrat representative staved away from issuing price predictions in this interview. Doing his best to attribute Bitcoin’s foray under $6,000, then $5,000, then $4,000 to a catalyst, Lee, contradicting sentiment that…

Intel Corporation Patent for High-Performance Energy Efficient Bitcoin Mining Finally Approved

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On November 27, 2018, the U.S. Patent and Trademark Office accepted a patent submitted in 2016 by the tech giant Intel Corporation for a new energy efficient, high-performance bitcoin mining system capable of outpacing the current model. Energy Efficient Mining The patent submission was filed June 29, 2016, and was entitled “Optimized SHA-256 datapath for energy-efficient high-performance Bitcoin mining.” In the original document, the leading computer processor company outlined a proposal focusing on a system to perform Bitcoin mining using specifically designed energy-efficient hardware accelerators.The patent presents the following introduction:…

An Alternative Client Has Mined Bitcoin Cash Block 558847

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Technology & Security On Saturday, Dec. 1, the Copernicus project announced the launch of its full node implementation pre-release written in the programming language Golang (Go). Following the release, the client was used to generate the first Golang version of a Bitcoin Cash block mined at height 558847. Also read: Intel Awarded a Patent for an Energy Efficient Bitcoin Mining Process The Copernicus Project: An Alternative BCH Client Not Written in C++ An Alternative client mined Bitcoin Cash block 558847 on Dec. 1.  This weekend, an unknown mining pool processed the first…