Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community. In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer. “Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses,…
Day: January 28, 2020
Roger Ver’s Mining Pool Pulls Support for Bitcoin Cash Dev Fund Over Chain Split Threat
Mining pool Bitcoin.com will not now support the controversial bitcoin cash development fund proposal without broader agreement from the community. In a blog post published earlier on Tuesday, Bitcoin.com said it would no longer back the existing plan for a dev fund unveiled last week by the CEO of mining pool BTC.TOP, Jiang Zhuoer. “Bitcoin.com will not risk a chain split or a change to the underlying economics,” reads the Bitcoin.com blog post. “Any proposal will need to have as many people of economic weight on-board as possible, including businesses,…
Global Commodities Blockchain Trading Platform VAKT Backed For $5m From Saudi Aramco Energy Ventures
Global commodities Blockchain trading company VAKT has been backed by Saudi Aramco Energy Ventures (SAEV) with a $5m investment in new shares and Aramco Trading Company as a future platform user. Richard James, VAKT CFO, commented: “It is a proud moment to be able to count SAEV as one of our shareholders. This company – part of the most profitable business in the world – has a strong track record of investing in industry innovation. We were not proactively seeking further investors; however, we could not miss the chance to bring…
Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client
The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes. Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app on all smartphones, its scope was later expanded into a public good for Ethereum. As Jacek Sieka, Head of Research at Nimbus, told Cointelegraph: “The R&D performed…
Why Cardano (ADA) Suddenly Surged 13%, Sparking Real Recovery For First Time in 8 Months
Bitcoin’s potential rise to $10,000 against the ongoing Coronavirus frenzy may have been limited by one of its rival cryptocurrency projects. Cardano, or ADA, surged by close to 10 percent against the benchmark cryptocurrency on Tuesday, registering a fresh top near 588 sats. The move pushed the ADA-to-BTC exchange rate to its eight-month high, also inching closer to a long-term technical resistance that kept the pair in an overstretched consolidation phase. The wild upside swing followed CEO Charles Hoskinson’s announcement of entering partnership PwC, a $42.4 billion global giant. The…
Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense
The founder of blockchain marketplace Opporty has said the Securities and Exchange Commission’s (SEC) legal case against the firm could have repercussions for other crypto companies. In an eight-page open letter to the crypto community Tuesday, founder Sergii “Sergey” Grybniak claims the firm followed all regulatory guidance available at the time of its 2017–2018 initial coin offering (ICO) “from day one.” “We believe that the statement made by SEC is missing important facts and grossly overstated making it not truthful,” reads the letter. Should the case be successful, Grybniak argues…
Opporty Founder Calls SEC Suit ‘Grossly Overstated’ in Public Defense
The founder of blockchain marketplace Opporty has said the Securities and Exchange Commission’s (SEC) legal case against the firm could have repercussions for other crypto companies. In an eight-page open letter to the crypto community Tuesday, founder Sergii “Sergey” Grybniak claims the firm followed all regulatory guidance available at the time of its 2017–2018 initial coin offering (ICO) “from day one.” “We believe that the statement made by SEC is missing important facts and grossly overstated making it not truthful,” reads the letter. Should the case be successful, Grybniak argues…
UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case
A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim. On Jan. 17, the UK High Court released documents concerning a ransomware attack, in which over 1,000 computers of the insurance company were rendered unusable through the use of malware that encrypted files, making them unaccessible. The unidentified attackers demanded $1.2 million in Bitcoin…
Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement
The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Bitcoin.com Will Not Support Plan Without Greater Agreement in BCH Ecosystem Bitcoin.com has now announced it will not be going through with the original proposal for infrastructure funding until a greater agreement can be reached among ecosystem participants. In a post to the…
Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement
The BCH infrastructure funding proposal initially announced by Jiang Zhuoer on January 22 will not go through as planned without greater agreement in the Bitcoin Cash community, Bitcoin.com has announced via a read.cash post uploaded today. Also Read: Heated Debate Continues Over Bitcoin Cash Infrastructure Funding Plan Bitcoin.com Will Not Support Plan Without Greater Agreement in BCH Ecosystem Bitcoin.com has now announced it will not be going through with the original proposal for infrastructure funding until a greater agreement can be reached among ecosystem participants. In a post to the…