Month: December 2019

IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime

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The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours. According to a GitHub submission from an IOTA developer around late Sunday night UTC time, a bug in the node software created a “corrupt ledger state.” “There is an edge case where IRI [IOTA Reference Implementation] didn’t account for a transaction that was shared between two distinct bundles. Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle,” the GitHub post reads.…

IOTA Fixes ‘Minor’ Network Bug Following 15-Hour Mainnet Downtime

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The IOTA Foundation said it has resolved a software bug that prevented transactions from confirming on the IOTA network for 15 hours. According to a GitHub submission from an IOTA developer around late Sunday night UTC time, a bug in the node software created a “corrupt ledger state.” “There is an edge case where IRI [IOTA Reference Implementation] didn’t account for a transaction that was shared between two distinct bundles. Once it marked it as ‘counted’ in one bundle, it was ignored for the next bundle,” the GitHub post reads.…

Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade

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Major cryptocurrency exchange Binance will suspend Ether (ETH) deposits and withdrawals to support the recently announced Ethereum network Muir Glacier upgrade. In a Dec. 30 blog post, Binance said that deposits and withdrawals will be suspended on the platform prior to the Ethereum network block height of 9,200,000 selected to execute the upgrade. Ether trading will not be affected While ETH trading will not be affected during the upgrade, deposits and withdrawals will be reopened once Binance deems the upgraded network to be stable. Binance noted that it will not…

Application for China’s ‘First’ Blockchain ETF Filed With Regulator

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An application for a blockchain-focused exchange-traded-fund (ETF) has been filed with China’s securities regulator, according to a disclosure from the China Securities Regulatory Commission.  The proposal, filed on Dec. 24 by Shenzhen-based asset manager Penghua Fund, is for an ETF that would track the performance of a basket of publicly-listed stocks from businesses in the blockchain sector.  If approved, the fund would be China’s first blockchain-themed ETF, according to a Dec. 26 news release from the state-run Shanghai Securities Journal (SSJ). Shanghai Stock Exchange Launches “Blockchain 50 Index” On the…

Peter Schiff is Right in One Thing: Bitcoin Became Uncorrelated Asset

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Even though we can say that Bitcoin was one of the assets that grew almost 100% this year, it seems that Euro Pacific Capital CEO Peter Schiff doesn’t agree. In his tweet, Schiff pointed out that that Bitcoin is the only asset class that is not rallying at the moment. Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but…

Thanks to Better UX, This Year Dapps Will Go Mainstream

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Jason Goldberg is founder of OST, which powers the ethereum application layer, and Pepo, an app where people share videos for tokens. As recently as a year ago, even the most ardent blockchain proponents had to concede the user experience was too clunky for any app using cryptocurrency to make it in the mainstream. After all, who could imagine users accustomed to smooth on-boarding…

UN Secretary-General: We Must Embrace Blockchain to Achieve Our Goals

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Although the technology was first made popular with cryptocurrencies, there is a boatload of other potential that blockchain holds. The United Nation’s (UN) secretary-general made this clear in a statement provided to Forbes recently. Known for his pro-blockchain attitude, Antonio Guterres is suggesting that the UN should embrace blockchain in its totality to be able to ‘actually’ achieve its sustainable development goals (SDGs). He states: “For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate…

AI For Everyone: Super-Smart Systems That Reward Data Creators

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This post is part of CoinDesk’s 2019 Year in Review, a collection of 100 op-eds, interviews and takes on the state of blockchain and the world. Ben Goertzel is founder and CEO of SingularityNET, a blockchain-based AI marketplace project. As AI rapidly pervades every sector of the economy, there are few questions more urgent than who owns, controls and guides the data used to train AI systems, and the models and conclusions that AI learns from this data.    Right now the answer tends to be: Large corporations. Data about our…

Meager Christmas Gifts for Bitcoin Price in 2019

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Meager Christmas Gifts for Bitcoin Price in 2019 – How About the New Year? December 30, 2019 by Ramiro Burgos In the end, there was a slight Christmas bump in the bitcoin price, but not the run investors had asked Santa for. The lateral trend has activated bullish signals, but BTC remains in similar territory to the past few months. How could that change? Read our weekly technical analysis to find out more. Also read: Bitcoin Price Gathering Pace: $8K or More by Christmas? Bitcoin Price Technical Analysis Long-Term Analysis The…

Korea’s Tax Agency to Withhold $70M From Crypto Exchange Bithumb

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South Korea’s National Tax Service (NTS) will withhold tax worth 80.3 billion won, or $70 million, from the country’s largest crypto exchange Bithumb. CoinDesk Korea reported on Sunday that Vidente, the largest shareholder of Bithumb Holdings, which runs Bithumb Korea, confirmed the withheld amount in a notice and said the tax will be imposed on its foreign customers. This is the first time that the country’s taxation agency has imposed tax on gains from cryptocurrency transactions, the report said. “Bithumb Korea is planning to take legal action against the tax…