Bitcoin Cash Experiences Bug During Scheduled Hard Fork Upgrade

In the course of a planned hard fork update, the bitcoin cash (BCH) network experienced difficulties processing transactions, cryptocurrency exchange BitMEX tweeted on May 15. Following the expected fork at block 582,680, the network purportedly began to experience issues with transactions. BitMEX said that the number of transactions per block was low — 0 in the last 9 blocks starting at block 582,687. Bitcoin cash transaction per block. Source: BitMEX According to data from CoinDance, the greatest number of blocks mined after the upgrade were only processing transactions on Coinbase.…

Bitcoin Cash Hard Fork | Segwit Recovery & Schnorr Signatures

A Bitcoin Cash hard fork was implemented earlier today as of block 58268. Although the network-split initially met with a hiccup, the upgrade has now successfully completed. Bitcoin Cash Hard Fork The hard fork sees the Bitcoin Cash network implement two new features. They are Segwit recovery and Schnorr signatures. The Segwit recovery means network participants can now recover funds that were sent accidentally to Segwit addresses. Before today, this was impossible due to the “enforcement of the new CLEANSTACK rule” which was implemented in the last upgrade in November. The…

Reserve CEO Predicts Central Banks Will Tokenize, Still Room for Stablecoins

CEO Nevin Freeman of stablecoin startup Reserve predicts that central banks will tokenize their currency at some point, but stablecoins will likely still have an advantage in offering privacy. Freeman delivered his remarks at the Consensus 2019 panel “The End of Volatility? Stablecoins on the Rise” on May 15. During the panel, moderator Joel Telpner, a partner at Sullivan & Worcester LLP, asked the speakers why banks could not simply tokenize their national currency and drive fiat-backed stablecoin services out of business. Freeman replied that he thinks banks will do…

Bitcoin Analyst Destroys Mr. Wonderful After Shark Tank Star Slams Crypto

By CCN: When it comes to ignorant allegations about bitcoin, Shark Tank’s Kevin O’Leary took the cake this week, managing to hit every wrong button in trying to bash the suddenly-resurgent cryptocurrency. Kevin O’Leary: Bitcoin a ‘Scam’ & ‘Total BS’ O’Leary, also known as “Mr. Wonderful,” tried to debate bitcoin enthusiast Anthony “Pomp” Pompliano on CNBC’s SquawkBox Tuesday. The co-founder and partner at Morgan Creek Digital crushed him like a cockroach, which is precisely what O’Leary calls entrepreneurial hopefuls’ ideas when he viciously shoots them down. In bashing bitcoin, O’Leary…

Fidelity Investments Seeks Talent for Its Digital Assets Division

American investment management company Fidelity Investments is seeking talent for its digital asset wing, Fidelity Digital Assets, according to the company’s job offer listing. Fidelity is looking for nine professionals in fields ranging from analytics and data engineering to blockchain solutions architecture and blockchain solutions engineering. The company is hiring a Vice President of Solutions Architecture (blockchain, cryptocurrency), and a Blockchain Software Engineer among other related titles. Some of the job offerings require expertise in the areas such as cryptography, cryptocurrencies, cyber security, and data science. As previously reported, Fidelity…

UFC Fighter Ben ‘Funky’ Askren Shills Litecoin as Price Pumps to $100

By CCN: The Litecoin price has surpassed $100 once again and nobody is more pumped about it than undefeated MMA Fighter Ben Askren. The LTC price hasn’t been trading in the triple digits since June 2018, according to CoinMarketCap data. It’s up more than 13% today and Litecoin disciple Askren is shouting it from the Twitter rooftops. Ben Askren has been sponsored by the Litecoin Foundation. | Source: ESPN Earlier this year, the Litecoin Foundation sponsored Askren, whose nickname is “Funky”, for UFC 235, his Ultimate Fighting Championship debut match…

Bitcoin (BTC) Capped, US SEC Delay, It’s now A Matter Of WHEN

Bitcoin (BTC) prices up but in tight ranges The US SEC delays their decision on Bitwise Bitcoin ETF After their decision on Bitwise Bitcoin ETF, all eyes are on the US SEC and whether they will finally approve any of the many applications. Even so, buyers are in charge with prices soaring 70 percent after breaching $4,500 resistance, now support. Bitcoin Price Analysis Fundamentals Over and above Satoshi’s objective of creating a global payment platform, Bitcoin is disruptive. The technology underpinning its success is likely to cause a paradigm shift…

From Exxon to Crypto: the Story of Joey King on the Humans of Bitcoin Podcast

Joey King, a developer at Bitcoin.com, is the latest character to have shared his story on the Humans of Bitcoin podcast with Matt Aaron. The interview covers how he went from working in the oil industry to being a crypto programmer to how he sees the propaganda efforts of Napoleon reflected in the market today. Also Read: Why Cryptocurrency Investors Are Renouncing Their US Citizenship Listen to The Education of Joey King In the first part of the interview, Joey King talks a little bit about his early years, like…

The World Is Waking Up to Its Need for Bitcoin

By CCN: The future’s so bright for crypto that investors need to wear shades. Travis Kling, CIO of crypto investment firm Ikigai Asset Management, is more bullish on bitcoin than ever. From any vantage point, bitcoin has turned a corner. Not only is the bitcoin price up nearly 50% in May (based on CoinMarketCap data), but it’s about doubled year-to-date. Also, BTC has rebounded 150% from year-end 2018 lows. It would take the risk pendulum swinging in the complete opposite direction for anything to get in bitcoin’s way now. In…

World’s Fifth Largest Electric Company Using Ethereum (ETH) DApp

The world’s fifth largest electrical company has announced a partnership with Ethereum app iExec that will involve the company utilizing the decentralized application (DApp) in a project test. EDF, which operates a $33 billion market capitalization, has launched GPUSH on iExec, a visual simulator software that is now available through the DApp operator. EDF reports that launching there program through a DApp gives them access to the Ethereum Mainnet, which, among other things, will allow them to test the software in the context of a blockchain. GPUSH involves a simulation…