Day: December 18, 2018

Blockchain Can Improve Crippled Economy

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Iran Science and Tech Department: Blockchain Can Improve Crippled Economy December 18, 2018 by Akshay Makadiya The Iran Science and Technology Department calls for initiatives to foster blockchain adoption in a bid to revive the country’s deteriorating economy. The government agency also suggests collaborative efforts to develop blockchain-based infrastructure. Also see: Meet Hydro: Large Relayer Forking 0x, Axing ZRX Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Developing DLT Infrastructure According to Tehran Times, Alireza Daliri, the head of the management development department of the vice presidency…

Blockchain Network With Dynamic Fees Says It Triples TPS, Overpassing Ethereum and Bitcoin

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Blockchain network ARK has released Core V2, the second version of its core system. “ARK was forked seamlessly in the background and the code is now fresh,” the startup says. The company emphasizes that ARK has become “the first and the only” delegated proof-of-stake-based (DPoS) service with dynamic fees. The users decide how much they want to pay for transactions using the ARK wallet. Mainnet as a milestone The company calls the migration to Core V2 — which has already been successfully completed on its mainnet — the beginning of…

Crypto Classified as ‘Crypto-Assets’ to Prevent Confusion With Legal Tender

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The Japanese Financial Services Agency (FSA) has placed cryptocurrencies into a new legal category called “crypto-assets,” English-language local media The Japan News reports Dec. 15. By classifying cryptocurrencies like Bitcoin (BTC) this way, the government reportedly “hopes that traders will no longer purchase them believing that they are legal tender recognized by the government.” On Friday, an FSA advisory panel filed a report requesting the term “virtual currency” be changed since, according to the panel, it could confuse people into believing the asset is legal tender in the country As…

Blockstream has launched its 5th satellite streaming Bitcoin Blockchain from space

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Blockstream satellite-launched from space from space by Blockstream making expansion to reach 5th. It is now broadcasting the Bitcoin (BTC) blockchain to all of Earth’s major landmasses, Forbes reported. The wider coverage — which comes via the addition of a fifth leased satellite —brings potential internet-free Bitcoin transactions and information sharing to crypto users in the Asia Pacific region. The satellite service, still in beta, had hitherto already been available across Africa, Europe, South, and North America. Blockstreamhas also reportedly launched a new application programming interface (API), which lets the…

Blockchain Technology Tipped to Boost New Zealand’s IT Exports: Report

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Earnings from New Zealand’s third-biggest export sector, information technology, could be boosted significantly by distributed ledger technology. According to a report released by New Zealand’s innovation agency, Callaghan Innovation, there is ample room for growth in the sector if the country embraces blockchain technology. Currently, the IT sector in New Zealand generates NZ$16 billion annually and employs nearly 100,000 people. “Technology is now New Zealand’s third-biggest export sector, bringing in more than $16 billion a year in overall revenue, with plenty more headroom for further growth. Technological innovation is the…

Tether Bank Statements ‘Suggest’ Company Has Full Fiat Reserves: Bloomberg

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Cryptocurrency stablecoin Tether (USDT) really does have fiat reserves equal to the value of tokens in circulation, Bloomberg claimed in a report today, Dec. 18. Citing “bank statements” it had “reviewed,” the publication became the latest source to add fuel to the controversy surrounding Tether, which has raged online since a series of legal tussles and banking reshuffles began last year. According to the statements, Tether, which issues and notionally backs up each unit of USDT with $1, had a combined fiat bank balance equal to or even higher than…

Google AI Briefly Describes Bitcoin as “Collapsed Economic Bubble”

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Reports have documented the recent description of Bitcoin as comprising a “collapsed economic bubble” on the part of Google’s artificial intelligence (AI). The bizarre depiction of the world’s first cryptocurrency came as a result of an edit made to Wikipedia classifying Bitcoin in said terms, with its author justifying such as representing “the majority view.” Also Read: Cypherpunk Godfather Timothy May Was Lightyears Ahead of His Time Google Displays Bearish Description for Bitcoin Screenshots have shown that the world’s largest search engine, Google, briefly described Bitcoin as a “collapsed economic bubble.”…

Google AI Briefly Describes Bitcoin as “Collapsed Economic Bubble”

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Featured Reports have documented the recent description of Bitcoin as comprising a “collapsed economic bubble” on the part of Google’s artificial intelligence (AI). The bizarre depiction of the world’s first cryptocurrency came as a result of an edit made to Wikipedia classifying Bitcoin in said terms, with its author justifying such as representing “the majority view.” Also Read: Cypherpunk Godfather Timothy May Was Lightyears Ahead of His Time Google Displays Bearish Description for Bitcoin Screenshots have shown that the world’s largest search engine, Google, briefly described Bitcoin as a “collapsed economic…

Blockstream Launches 5th Satellite Streaming Bitcoin Blockchain From Space

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Blockchain development firm Blockstream has expanded its satellite service and is now broadcasting the Bitcoin (BTC) blockchain to all of Earth’s major land masses, Forbes reported Dec. 17. The wider coverage — which comes via the addition of a fifth leased satellite — brings potential internet-free Bitcoin transactions and information sharing to crypto users in the Asia Pacific region. The satellite service, still in beta, had hitherto already been available across Africa, Europe, South and North America. Blockstream has also reportedly launched a new application programming interface (API), which allows…

Steem Added to State of the DApps Listings

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Social blockchain platform Steem, home to the Steemit social network, has been added to dApp (decentralized application) tracking website stateofthedapps.com and now sits proudly next to Ethereum, EOS, and POA, on the site’s “Rankings by Platform” page. And we got fancy #Steem statistics as well ? pic.twitter.com/cK3BmEMK3u — State of the DApps (@StateOfTheDApps) December 17, 2018 Steem dApp listings are still being populated so the leading dApps might not be in the right order just yet. According to the Steem website the social blogging platform Steemit is Steem’s most used…