Month: May 2019

When Debating Bitcoin, “Transaction Speeds” Is A Red Herring

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Charlie Shrem, one of the earliest pioneers in Bitcoin development, refers to comparison of Bitcoin and other coin on the basis of transaction speeds is a “non-starter”. As a matter of fact, Shrem calls the transaction speed comparison a “red- herring”. This is because transaction speed is not nearly as important to the Bitcoin network as has been made to seem. “Transaction speeds” when debating #bitcoin vs other faux-crypto’s is red herring argument. There were plenty of fast ways to move money before bitcoin. That’s not why we’re here. We’re…

A $130 Million Shorts Liquidation Could’ve Supercharged Bitcoin Price to $9000

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By CCN: On May 27, the bitcoin price surged from $8,000 to $8,939 on major exchanges such as Bitstamp and Coinbase, achieving a new high for 2019. Key catalysts behind the abrupt increase in the bitcoin price within a short time frame remain unclear; some have suggested the overall improvement in sentiment around the crypto market and an increase in demand from retail investors. The bitcoin price surges by nearly 11 percent within several hours as it achieves a new 2019 high (source: coinmarketcap.com) One of the main factors supporting…

A $130 Million Shorts Liquidation Could’ve Supercharged Bitcoin Price to $9000

boss

By CCN: On May 27, the bitcoin price surged from $8,000 to $8,939 on major exchanges such as Bitstamp and Coinbase, achieving a new high for 2019. Key catalysts behind the abrupt increase in the bitcoin price within a short time frame remain unclear; some have suggested the overall improvement in sentiment around the crypto market and an increase in demand from retail investors. The bitcoin price surges by nearly 11 percent within several hours as it achieves a new 2019 high (source: coinmarketcap.com) One of the main factors supporting…

Yahoo Japan-Backed Crypto Exchange Taotao Launches This Week

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A new crypto exchange platform in which Yahoo Japan owns a major stake is about to launch after over a year in development. The new platform, called Taotao, announced on Twitter Sunday that it will go live on Thursday, May 30, at midday local time. According to the Taotao website, the exchange will be offering a mobile app alongside its online platform, and will offer trading in bitcoin (BTC) and ether (ETH) at launch. The firm will also be making leverage available for interested traders, with three more cryptos added…

EOS Retains Top Spot, Bitcoin in 12th Place

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China updated its cryptocurrency rankings on May 23 — with eos retaining the top spot and bitcoin moving up three places. The government-sponsored index assessed each blockchain on three criteria: technology, application and innovation. Joining EOS in the top five was tron, ether, steem and ontology. Despite its dominance in the crypto industry overall, Bitcoin was in 12th place. While it scored well for creativity, it placed behind EOS in the score for basic technology. The rankings were released by the Center for Information and Industry Development in collaboration with…

Consensys Launches ETH Blockchain, DApp Developer Job Kit to Help Hopefuls Enter Market

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On May 24, New York-based blockchain firm ConsenSys released a new Blockchain and DApp Developer Job Kit to help aspiring Ethereum blockchain developers enter the market. Citing Linkedin’s 2018 U.S Emerging Jobs Report, Consensys notes that blockchain developer rotes have topped the professional network’s list for highest-growth positions in 2018, ostensibly increasing 33-fold in prevalence as compared with the previous year. The new resources released with the kit thus aim to help developers meet the growing demand for practical blockchain development knowledge and successfully enter the burgeoning market. Alongside resources…

Korea’s Oldest Bank Launches National Blockchain-Based Loan Platform

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Korea’s oldest bank, Shinhan Bank, has launched a blockchain-enabled lending platform to speed up the loan process, South Korean news agency Yonhap reports on May 27. Shinhan Bank’s blockchain-powered loan system intends to boost cost and time efficiencies in the lending process, reportedly enabling the public to apply for loans online and get their credits without face-to-face interaction. According to the report, the new system is the first initiative of its kind introduced in South Korea. Specifically, Shinhan Bank’s new lending system applies blockchain technology in the verification and confirmation…

How to Create a Bitcoin Cash Treasure Hunt

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Creating a treasure hunt is a great way to introduce newcomers to the concept of cryptocurrency and to its actual application. It will teach them some of the basics like how a wallet works and give the finders their first few coins. Also Read: Massive Growth by P2P Exchange and AT&T Accepting BCH in the Weekly Update From Bitcoin.com Help New People Discover BCH With a Treasure Hunt Launching a bitcoin cash treasure hunt can be as simple as printing out a paper wallet, topping it up with some BCH,…

Pseudonymous Messaging With Integrated Payments Is Blockchain’s Killer App

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E-cash inventor David Chaum says he believes the real killer app for blockchain and cryptocurrencies will be privacy-oriented messaging systems integrated with payments. Chaum made his remarks in an interview on the Bloomberg Odd Lots podcast on May 27. Chaum — a trailblazing American cryptographer who invented a secure, privacy-preserving digital currency back in 1982 — told Bloomberg that he believes that increased awareness around privacy and digital sovereignty in the contemporary era has paved the way for blockchain and cryptocurrencies to make a breakthrough as a mass society and…

App Offering Free Bitcoin and Ether to Users Is a Scam, Malware Hunter Warns

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An app that claims to give users the chance to earn $45 a day in free bitcoin (BTC) is a scam, according to a tweet by an “independent malware hunter” posted on May 20. The software, known as Bitcoin Collector, is advertised on a website that supposedly enables users to share a unique URL with their friends with payouts of 3 ether (ETH) (worth about $800 at press time) for every 1,000 people who click on it. But according to a security researcher who goes by the nickname Frost on Twitter, the app is a…