Video Demonstrates Double Spending Possibility in Bitcoin Cash SV ‘0-Conf’ Transactions

Bitcoin Cash SV (BSV), a new fork of Bitcoin Cash (BTC), faced new controversy on Dec. 8 after a researcher reportedly showed how any user could spend the same coins twice on its network in a “0-conf transaction.” Bitcoin Cash, which was created in a hard fork from Bitcoin (BTC) in August 2017, uses 0-conf (or zero-conf) to allow almost instant transactions, meaning they are almost always confirmed in the following block. In a multi-phase test including a video demonstration posted to Vimeo, the user, known as “reizu,” succeeded in…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Crypto Rankings’ Shake-Up Follows Yesterday’s Market Crash as Bitcoin Stays Around $3,400

Saturday, Dec. 8 — Amid a new collapse in the crypto markets yesterday, cryptocurrency ranks are continuously changing as various coins overtake each other by market capitalization. While green prevails among a number of top 100 coins, the markets are trading sideways, with the total market cap hovering at the same levels as yesterday. Market visualization from Coin360 Bitcoin SV (BSV), Bitcoin Cash’s (BCH) hard fork that had been ranked fifth yesterday on CoinMarketCap, is now down on the list, with major stablecoin Tether (USDT) having taken over both BSV…

Chinese Internet Court Uses Blockchain to Protect Online Writer’s Intellectual Property

An Internet Court in Hangzhou, Eastern China, has turned to blockchain to fight piracy at the expense of online writers, English-language media outlet China.org.cn reports Dec. 8. China has reportedly “set up three Internet courts in Hangzhou, Beijing and Guangzhou.” Internet Courts are courts expressly intended to manage internet-related cases and allow plaintiffs to file their complaints online. The official website of Hangzhou Internet Court reads that it “behave[s] as an ‘incubator’ for Internet space governance, a ‘test field’ for Internet judicial rules, a ‘leader’ for diversified Internet disputes, and…

Bitcoin Flirts Around $3,400 After Hitting New 2018 Low on Friday. Where’s It Heading now?

As investors have been eagerly waiting for the Bitcoin price reversal after a continuous price-drop, here’s look into what experts from the crypto industry have to say. Friday proved to be tough for the Bitcoin investors as the world’s largest cryptocurrency hit its new 2018-low. According to the one-day chart on CoinMarketCap, slipped below $3300 making a low of $3280.23 on Friday, December 7. The overall crypto market seems to be weak at this moment with volumes drying up. After making a new low yesterday, Bitcoin has recovered by $100.…

UnitedCorp Sues Bitmain, Roger Ver and Kraken For Manipulation Over Bitcoin Cash Hard Fork

The Bitcoin Cash (BCH) network saga keeps on rolling with both sides keep on allegating each other. The latest ‘fight’ is going on between Miami-based UnitedCorp on one side, and Bitmain, Kraken exchange and Bitcoin.com CEO Roger Ver on the other. If it’s to believe the suit, Bitmain and co. conspired to hijack the network with an intent to centralize it, which goes against the core principles of BCH. According to the official press release, the parties are alleged to have taken part in a “well-planned scheme to take control…

Bitcoin History Part 3: Turning on the Faucet

Featured With no exchanges, P2P marketplaces, or escrow services in Bitcoin’s earliest days, acquiring coins wasn’t easy. You either mined them or begged someone on the Bitcointalk forum to sell to you OTC. Then, along came a developer called Gavin Andresen who created a faucet that allowed anyone to claim free BTC. Also read: Bitcoin History Part 1: In the Beginning How Gavin Andresen Turned on the Tap for Bitcoin Gavin Andresen “For my first Bitcoin coding project, I decided to do something that sounds really dumb,” wrote Gavin Andresen.…

Despite Evidence to the Contrary, Joseph Lubin Claims Ethereum Adoption Growing

Despite Evidence to the Contrary, Joseph Lubin Claims Ethereum Adoption Growing December 8, 2018 by Paul de Havilland Joseph Lubin, co-founder of Ethereum and founder of ConsenSys claims Ethereum adoption is growing rapidly. Is he looking at the same metrics as everyone else? Also see: How Thailand Is Staying Ahead by Regulating ICOs and Blockchain Investments Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Ethereum Adoption Boom? A Bit Too Much Lube on That Joseph Lubin is bullish on Ethereum’s future, and so he should be. Founder…

U.S. Draft Bitcoin Law to Step up Security and Innovation

Economy & Regulation Two United States congressmen have introduced two pieces of legislation to help prevent alleged cryptocurrency price manipulation while aiming to position the U.S. at the forefront of innovation within the digital asset industry. Also read: Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx Protection From Price Manipulation The Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018 task U.S. financial regulators with researching means to protect retail investors from price manipulation, while staking the…