Day: January 8, 2019

Interview with Ammbr – A Blockchain-Enabled Mesh Network Bringing High Speed Internet to Emerging Economies

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One of the more interesting projects that have come across my desk,  not only in the Blockchain space but also in telecommunications, is Ammbr. This project an effort to ensure much greater inclusivity for the digital world and it aims to bring faster Internet to roughly half the global population who currently suffer bad or no connectivity. advertisement I caught up with Derick Smith, the founder and Managing Director of the Ammbr Foundation, and CEO of AmmbrTech, the company building the first devices for the Ammbr Network, to dig deeper…

Looking North? Bitcoin Price Dip Forms Bull Flag Pattern

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Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum has weakened slightly in the last 36 hours. As of writing, BTC is changing hands at $3,995 on Bitstamp, having clocked a low of $3,934 earlier today. The 3 percent correction from two-week highs, however,…

Ethereum Foundation Announces $5 Million Grant to Parity Technologies

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The Ethereum Foundation has announced a $5 million grant to United Kingdom-based company Parity Technologies, according to a post on the official Ethereum (ETH) blog published Jan. 7. According to the post, the grant is for scalability, usability and security work. Namely, this money “will fund Parity’s work on Casper, sharding, light clients, developer tools, QA, audits and infrastructure improvements.” Furthermore, the post explains that funding will be delivered in “several tranches, the first of which supports development that Parity has already completed.” The other parts of funding will be…

Coinfloor Rebrands to Shake Up the Industry with Its Stablecoin and Physical Bitcoin Futures

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Photo: Coinfloor / Facebook A new year has begun and for many of us it means a new beginning. The same feeling seems to be common for some companies as well. CoinfloorEX is starting the year with its reorganization. Company’s Rebranding CoinfloorEX, that is a unit of the UK-based cryptocurrency exchange Coinfloor, has experienced rebranding and now it will be known as CoinFLEX and it will offer an opportunity of physical Bitcoin futures trading on the Asian market. A new name is an abbreviation for Coin Futures and Lending Exchange. It is reported that the exchanged…

Samourai BTC Wallet Removes Privacy Features at Google’s Behest for Transparency Policy

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Bitcoin (BTC) wallet provider Samourai Wallet said it was disabling several privacy-related features in its products due to notices from Google to block the wallet, according to a Jan. 7. blog post. Samourai, which has aimed to provide a Bitcoin-centric experience through adding enhanced anonymity options and removing references to fiat currency, confirmed it was removing three functions from its wallet in time for its latest update released Tuesday. “Again, we are sorry for this inconvenience, but our hands have been tied by Google,” the blog post reads, adding: “We…

BTC ‘Intrinsically Inefficient, Will Disappear’

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Israel’s economics “tsar” Avi Simhon has denounced Bitcoin (BTC) as intrinsically inefficient, predicting that the cryptocurrency will therefore disappear. A Cointelegraph correspondent reported that Simhon — the head of the National Economic Council and senior economic policy advisor to the country’s prime minister — made his remarks at Israel Bitcoin Summit at Tel Aviv University on Jan. 8. Simhon argued that to issue Bitcoin at a national or global scale would cost “trillions of dollars of actual cost in energy,” as opposed to the existing state of affairs in which…

Ethereum Classic 51% Attack Performed by Unknown Actor

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Ethereum Classic 51% Attack Performed by Unknown Actor January 8, 2019 by Tyson O’Ham Panic set in for Ethereum Classic holders late last night as a massive 51 percent attack that caused a reorganization of over 100 blocks took place, allowing for a half-hour period of complete uncertainty for users of the cryptocurrency. Also see: Japan’s FSA Reportedly Honing In On Crypto ETF Decision Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Wallet Withdrawals Halted As exchanges and other services jointly announce holds on their wallet withdrawals…

Ripple CTO Claims XRP Eliminates PoW Risks Seen in Ethereum Classic’s 51% Attack

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Ripple Labs has long been a polarizing startup in the cryptosphere. Case in point, the San Francisco-headquartered company, started by Stellar Development Foundation Mt.Gox co-founder Jed McCaleb, is often bashed for being in bed with centralized financial entities — what Bitcoin was created to destroy. Moreover, many believe that the XRP digital asset is centralized, controlled by puppet masters at the fintech firm. However, David Schwartz, the chief technology officer at Ripple, has claimed that his firm’s protocols actually have their benefits. Schwartz’s controversial comments come after the Ethereum Classic blockchain…

Ethereum Falls 6% as Crypto Market Retraces in Short-Term Correction

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Over the past 24 hours, Ethereum recorded a six percent decline against the U.S. dollar, shaking the crypto market. The minor correction on the Ethereum price was expected after the second most valuable cryptocurrency in the global market demonstrated a strong 11-day rally from December 28, during which it surged by 38 percent from $117 to $162. Viable Period For Bears to Short Prior to the short-term drop in the Ethereum price, a cryptocurrency trader with an online alias “The Crypto Dog” said that despite the positive price movement of…

Government Suspends Indigenous Crypto Plans, New President Criticizes Project

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Jair Bolsonaro, the new Brazilian president who has officially taken office a week ago, has criticized a project offering to create a cryptocurrency for indigenous people in a Jan. 7 tweet. Bolsonaro claimed that the new government will soon open “a black box” — a reference to an airplane’s flight recorder — of contracts and projects by state-owned economic development bank BNDES and other institutions. He mentioned that the recent project aiming to create a digital currency for the native population of Brazil has already been cancelled by the government.…