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…
Month: January 2020
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…
Hawaii Introduces Bill Authorizing Banks to Offer Crypto Custody
The Hawaii State Senate has passed the first reading of a bill authorizing banks to hold digital assets in their custody. The bill was introduced on Jan. 17 by five state senators, including the only Republican member of the Senate, Kurt Fevella. It passed the first reading on Jan. 21 and was then referred to the committees on Judiciary and Commerce, and Consumer Protection and Health on Jan. 23. The bill specifies the set of provisions which a bank must adhere to in order to provide custodial services for digital…
WEF Unveils Global Governance Consortium for Digital Currencies
The World Economic Forum (WEF) has created what it claims is the first ever global consortium dedicated to designing a framework for the transnational governance of digital currencies, including stablecoins. A press release shared with Cointelegraph on Jan. 24 reveals that the newly-formed Global Consortium for Digital Currency Governance will focus on the development of interoperable, transparent and inclusive policy approaches to regulating the digital currency space and fostering public-private collaboration in both developed and emerging economies. Tackling fragmentation The WEF says the impetus for the consortium’s creation is a…
10% of Central Banks Surveyed Close to Issuing Digital Currencies: BIS
A fifth of the world’s population may well have access to a central bank digital currency (CBDC) in as little as three years, according to a new survey. An annual study carried out by the Bank for International Settlements (BIS) asked 66 central banks if they were working on CBDCs and, if so, what type and how far along they were. Released Thursday, the report found that 80 percent of banks surveyed were engaged in some form of work surrounding CBDCs, with nearly 40 percent having moved to experiments and…