The crypto-sphere shows disdain for journalism, believing that technology is better at revealing truth. It isn’t. Source
The Year in Crypto Journalism: Truth Will Always Be Human
Day: December 11, 2019
Kraken: $75 Device Will Get You Into Crypto Hardware Wallet KeepKey
Kraken Security Labs said crypto hardware wallet KeepKey is not doing enough to protect customers from physical attacks, saying it was able to get into the system using a $75 device. Source
China’s BTC Miners Control 66% of Global Hash Rate
Chinese Bitcoin (BTC) miners are now responsible for controlling as much as 66% of global hash rate, a new report claims. China’s Sichuan province is accounting for over half the global hash rate, according to a study by London-based digital asset manager CoinShares, Reuters reports Dec. 11. Hash rate is a measure referring to the overall computing power involved in validating transactions on the Bitcoin blockchain. As reported, more power suggests greater network security as well as interest in the profitability potential of mining Bitcoin. The highest recorded hash rate…
Square Crypto Bankrolls Star Lightning Developer Known as ‘ZmnSCPxj’
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Square Crypto Bankrolls Star Lightning Developer Known as ‘ZmnSCPxj’
Despite claims that ZmnSCPxj is an anonymous individual, Lightning developers likely know his identity. The individual attended October’s Lightning Conference in Berlin, giving a presentation during the conference’s second day. The developer also appears to have spoken to others, such as c-Lightning’s Rusty Russel, under Chatham House rules. Source
Huobi Scores Ex-Deloitte Audit Exec as New General Manager for Turkey
Global crypto exchange Huobi completes its executive pursuit in Turkey by appointing Alphan Gogus, a veteran in crypto and finance, as the new general manager for Huobi Turkey. A new manager for a growing market Global crypto exchange Huobi has brought on Alphan Gogus as the general manager for Huobi Turkey, according to a press release shared with Cointelegraph on Dec. 11. Alphan Gogus is a well-known figure in Turkey‘s crypto industry, which is showing rapid growth with the recent expansion of global crypto exchanges like Huobi and Binance to…
MARKET DAILY: Nike and the ECB are Thinking with Tokens
With markets continuing their slide, today we’re looking at NIke’s recent tokenized shoe patent and the ECB’s digital currency discussions. Later, we’re joined by CoinDesk analyst Galen Moore for some insight into exchange fees, token listings and more… Source
Twitter Developing Decentralized Standard for Social Media
Jack Dorsey, the founder and CEO of Twitter and payments operator Squre, has revealed that Twitter is funding a dedicated team to develop a decentralized standard for social media. In a series of tweets on Dec. 11, Dorsey set forth a number of challenges social media networks face in their operations. These include the shift away from content hosting and removal to recommendation algorithms directing users’ attention, and content that sparks controversy and outrage rather than healthy and informative conversations. Addressing existing challenges in the field Dorsey went on to…
NYDFS to Update BitLicense’s Terms for the First Time in 5 Years
The New York Department of Financial Services (NYDFS) is planning to update its virtual currency license for the first time in nearly five years. The authority has published proposed guidance on adoption or listing of virtual currencies on its website on Dec. 11, inviting all interested parties and the general public to comment by Jan. 27, 2020. Two major listing updates coming, maybe As officially announced, the newly proposed guidelines on listing refer in particular to the BitLicense — a major business license for cryptocurrencies defining rules on operating with…
D-Wave and NEC Partner to Create ‘Hybrid’ Quantum Applications
“Japan is the birthplace of quantum annealing and has remained a global leader in quantum application development,” said Alan Baratz, D-Wave executive VP of research and development. “Our collaboration with global pioneer NEC is a major milestone in the pursuit of fully commercial quantum applications.” Source If You Liked This Article Click To Share ApplicationsCreateDWaveHybridNECPartnerQuantum CryptoX Portal