After a long and cryptic series of tweets on Bitcoin (BTC), SpaceX and Tesla CEO Elon Musk elaborated his stance on cryptocurrencies in a Jan. 20 podcast. Noting that he’s “neither here nor there on Bitcoin,” Musk focused on its use for illegal transactions. The billionaire has recently been in the spotlight for several short and cryptic tweets related to cryptocurrency. On Jan. 10 he published a tweet saying “Bitcoin is *not* my safe word.” This follows an equally cryptic tweet from April 2019, saying “Cryptocurrency is my safe word.” …
Day: January 24, 2020
Your PGP Key? Make Sure It’s Up to Date
Identity thieves now have another tool at their disposal: bitcoin hashing power. That’s the conclusion from a new cryptanalysis paper published earlier this month on SHA-1 (pronounced “shaw”), a once-popular hash function created by the National Security Agency and disapproved in the mid-2000s after failing against theoretical hack attacks. SHA-1 continues to see use in certain circles, such as on source code program Git and other legacy products for sending secure transmissions on computers, according to Gaetan Leurent of France’s National Institute for Research in Digital Science and Technology and…
Japan: Suspected $700,000 Bitcoin Thieves Nabbed by Tokyo Police
Two suspects allegedly responsible for the theft of Bitcoin (BTC) worth $700,000 from a company’s account have been arrested by the Tokyo Police Department. Reports are claiming that one of the suspects intended to bankrupt the company as he had become dissatisfied with management policy. Suspects Arrested in Connection with Bitcoin Theft Case According to The Japan Times, two suspects – Yuto Onitsuka and Takama Sasaki, have been arrested by the Tokyo Metropolitan Police Department’s cybercrime unit in connection to a ¥78 Million ($700,000) BTC theft from 2018. The Tokyo…
Your PGP Key? Make Sure It’s Up to Date
Identity thieves now have another tool at their disposal: bitcoin hashing power. That’s the conclusion from a new cryptanalysis paper published earlier this month on SHA-1 (pronounced “shaw”), a once-popular hash function created by the National Security Agency and disapproved in the mid-2000s after failing against theoretical hack attacks. SHA-1 continues to see use in certain circles, such as on source code program Git and other legacy products for sending secure transmissions on computers, according to Gaetan Leurent of France’s National Institute for Research in Digital Science and Technology and…
How to launch Bitcoin exchange website with a Bitcoin Exchange Script written in PHP?
Building a Bitcoin Exchange like Binance, Localbitcoins has been profitable in recent years. To create such a best-in-class cryptocurrency trading platform, bitcoin exchange script will provide you a hassle-free task. Yet another advantage of buying a script for bitcoin exchange is they are completely written in PHP. Thus, the Bitcoin Exchange website will be robust, powerful and instant for transactions. So, What are the components in white label bitcoin exchange script? Here are a few components included in bitcoin trading script. Margin Trading With the Margin Trading feature in your…
Billionaire Tim Draper Encourages Millennials to Invest in Bitcoin
Bitcoin big whale and advocate, Tim Draper, has reiterated his stance that Bitcoin (BTC) is one of the best investment vehicles in the world and as such, has encouraged millennials to latch onto the Bitcoin movement and enjoy the many benefits of the digital currency. Millennials have been encouraged to key into the many benefits that abound in Bitcoin as it could be their wisest decision at retirement age. Billionaire Tim Draper who was one of the earliest investors in the virtual currency explained that Bitcoin is the future of…
UK Cricket Club Will Issue this Season’s Tickets Over a Blockchain
A county cricket club in the U.K. is to use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020. According to a report Friday from industry magazine, TheTicketingBusiness, Lancashire Cricket Club developed the new solution in partnership with the blockchain ticketing provider TIXnGO. The new blockchain tickets are said to be entirely traceable, unique to the purchaser and nearly impossible to counterfeit. The system also includes a new facility that simplifies the process of transferring or reselling tickets. Following 18-months of development, the new…
UK Cricket Club Will Issue this Season’s Tickets Over a Blockchain
A county cricket club in the U.K. is to use blockchain-based ticketing for all domestic and international fixtures played at its home ground in 2020. According to a report Friday from industry magazine, TheTicketingBusiness, Lancashire Cricket Club developed the new solution in partnership with the blockchain ticketing provider TIXnGO. The new blockchain tickets are said to be entirely traceable, unique to the purchaser and nearly impossible to counterfeit. The system also includes a new facility that simplifies the process of transferring or reselling tickets. Following 18-months of development, the new…
Exchanges Hold More Bitcoin Than Ever as Coinbase Wallet Nears 1M BTC
United States cryptocurrency exchange Coinbase will soon hold a million Bitcoins (BTC) in its cold wallets in a controversial first for the industry. According to data from news and information resource Longhash released on Jan. 23, Coinbase’s cold wallets contained around 970,000 BTC ($8 billion) as of Jan. 1. Coinbase weeks away from 1 million BTC If current growth continues, the company will reach the 1,000,000 BTC mark by February. Coinbase cold wallet balance, 2019-present. Source: Longhash The trend underscores growing tendencies to interact with Bitcoin via exchanges, with the…
Elon Musk Is Undecided about Bitcoin but Thinks It Is ‘Pretty Clever’
Tesla and SpaceX CEO Elon Musk has once again shared his opinion on Bitcoin and its utility. On Monday, Musk was interviewed on the Third Row Tesla Podcast where he spoke about many things including his current and past endeavors. Among the topics discussed was the future of technology and how Bitcoin might relate. Musk explained his thoughts on Bitcoin. How Elon Musk Feels about Bitcoin During the interview, Musk declared that he is neutral about Bitcoin’s potency. Even though he didn’t disparage the asset, he said he was “neither…