Day: December 15, 2019

Lessons Learned on Deploying Smart Contracts

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Amid news of its recent spat with the United States Securities and Exchange Commission, relatively few people have likely heard about Telegram’s Open Network competition that occurred some weeks ago. It was a milestone event that transformed the once-miniscule TON developer community writing in Fift (TON’s general-purpose programming language), which differs greatly from common languages due to its low-level approach. The contest attracted new developers, further built a community around the new platform, and solved existing issues concerning the lack of documentation on smart contracts by providing examples of them…

‘Strange’ Litecoin Network Activity Could Be Related To August Dust Attack

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Product developer Franklyn Richards has witnessed Litecoin (LTC) network activity that reminds him of the Aug. 10 dust attack on Litecoin. In a Dec. 14 blog post, Franklyn Richards, a product developer who has worked on Bitcoin (BTC) and Litecoin since 2013, describes a pattern emerging among active Litecoin network addresses. According to the product developer an unknown entity is taking “large periodic automated actions” on the Litecoin network, resulting in “an almost sawtooth like pattern.” He explains: “On average the network typically sees around 40,000 active addresses per day,…

Is Crypto Ready for the New Space Age?

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Quantum supremacy is officially here, whether we’re ready for it or not. This fall, a research paper from Google was prematurely leaked, claiming just that — quantum supremacy — including the results of a test where its 54-qubit processor performed in 200 seconds a computation that it says would have previously taken 10,000 years, kicking off this century’s version of the space race. With Amazon also getting into the quantum game on a consumer level by launching its own quantum computing service called Braket, allowing developers to run simulations on…

Darknet ICO, Bitmain Infighting, Calls for Cotten to Be Exhumed: Hodler’s Digest, Dec. 9–15

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Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week VeChain loses $6.6 million in VET tokens to hacker in attack on buyback wallet An unknown hacker has redirected a whopping 1.1 billion VET tokens from the VeChain Foundation’s buyback wallet to a personal address. The crypto was worth an estimated $6.6 million at the…

Bitcoin Set to Enter Disbelief Phase — Should Hodlers Prep for $2.8K?

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Bitcoin price (BTC) performed as expected over the past week as 8% was shaved off its price of $7,571.80 between Dec. 8 and Dec. 14. Does this mean the digital asset is due for a reversal? As much as Bitcoin holders and I want this, one has to look at the facts.  Currently, Bitcoin has a distinct lack of bullish indicators that offer any hope of a short term reversal and even John Bollinger, the founder of the Bollinger Bands indicator tweeted out this somewhat cryptic tweet on Dec. 13.…

The Modern Great Game — Facebook’s Libra Project

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Since Facebook’s digital currency project, Libra, was announced in June, there has been a growing chorus of central bankers and policy makers pushing back against its ambitions. Germany’s Vice Chancellor Olaf Scholz and France’s Finance Minister Bruno Le Maire have both, separately, made it clear that they are not impressed with Libra and that the issuance of currency is the exclusive duty of the state and intrinsic to the sovereignty of a nation. The irony of this stance is apparently lost on both men, as neither France nor Germany have…

Bitcoin Weak as Positive Trade Deal, Brexit Buoy Investors

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So-called safe-haven asset bitcoin appears mum as Trump hints an optimistic “phase one” deal with China and Boris Johnson wins the U.K. parliamentary election. The cryptocurrency risks more declines due to prevailing bearish bias. Strong technical support could send the price back towards $7,500-8,500 area. Bitcoin slipped towards $7,000 this weekend as signs of growth in the U.S.-China trade deal and Brexit buoyed investors’ sentiment in risk-on markets. The expected sign off of a phase one deal between the U.S. and China led U.S. stocks to surge before the week…

Tether Sponsors New Version of Bitcoin Tokenization Layer Omni

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Tether, the stablecoin operator behind USDT, has funded the development of the new version of Bitcoin (BTC) tokenization layer Omni. In a press release shared with Cointelegraph on Dec. 15, the companies announce the release of Omni Core 0.7.0, the development of which was sponsored by Tether. The new version reportedly enhances network performance and fixes locking issues and Remote Procedure Calls. The Omni protocol is a system running on the Bitcoin network that allows the creation of tokens on what is widely believed to be a secure network. Omni…

Dissidents and Activists Have a lot to Gain From Bitcoin, if Only They Knew It

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Beyond privacy, the ability for individuals to buy bitcoin with fiat and convert bitcoin into fiat is a big challenge. In the past few years we have seen an incredible increase in local liquidity, where it’s now fairly easy to buy or sell bitcoin in most major urban areas around the world, even inside dictatorships and countries in conflict. If you have bitcoin in Tehran, Beijing, Aleppo, Caracas, or even Gaza, with a bit of research you’ll be able to find someone who will sell you fiat in return. But…

US Gov Doc Mentions XRP, SEC & Legarde’ on Global Financial Future

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While price remains way below where it should be, partnerships, infrastructure, adoption continue to grow and now the world’s financial elites are discussing Ripple tech. The Federal Register released a document on the 6th Dec naming XRP explicitly as a virtual currency that can settle cross border payments without the banking system.  It also mentions Ripple’s ever-growing list of partnerships and the payments system they are creating which offers more clarity than the traditional Swift system. The continued growth of “fintech” non-bank remittance transfer providers & their further expansion into…