Day: February 4, 2020

Bitcoin Price Pump Poised to Continue, Coronavirus Cases Cross 20,000

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Bitcoin (BTC) is having a field day as it seems to be enjoying the outbreak of the deadly coronavirus. As fear and uncertainty because of the virus continue to spread, the adverse effects are being felt by several businesses. The world’s financial markets also suffered a crash and even oil stocks are continuously crashing. However, the Bitcoin network is experiencing the direct opposite. Bitcoin and the Coronavirus The relationship between Bitcoin and the coronavirus is a very interesting one. Yesterday, Bitcoin price rose to $9,300, representing a 10% jump this week…

MIT Researchers Claim to Boost Bitcoin and Cryptocurrency Blockchain Transactions By 4x with New ‘Spider’ Routing Scheme

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MIT researchers have co-invented a new cryptocurrency-routing scheme that they claim can boost the efficiency… greasing the wheels and creating larger revenues for cryptocurrency and blockchain companies. An MIT news release stated they are using certain networks designed to speed up notoriously slow blockchain transactions the new solution uses Payment Channel Networks (PCNs), where transactions are completed with minimal involvement from the blockchain. In PCN simulations, Spider processed 95 percent of all transactions using only 25 percent of the capacity needed in traditional schemes. “Pairs of PCN users form off-blockchain…

MIT Researchers Claim to Boost Bitcoin and Cryptocurrency Blockchain Transactions By 4x with New ‘Spider’ Routing Scheme

boss

MIT researchers have co-invented a new cryptocurrency-routing scheme that they claim can boost the efficiency… greasing the wheels and creating larger revenues for cryptocurrency and blockchain companies. An MIT news release stated they are using certain networks designed to speed up notoriously slow blockchain transactions the new solution uses Payment Channel Networks (PCNs), where transactions are completed with minimal involvement from the blockchain. In PCN simulations, Spider processed 95 percent of all transactions using only 25 percent of the capacity needed in traditional schemes. “Pairs of PCN users form off-blockchain…

Inside the Standards Race for Implementing FATF’s Travel Rule

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The Takeaway: Crypto businesses are figuring out how to comply with the Financial Action Task Force’s “Travel Rule,” where all crypto transactions above a certain amount must be accompanied by identifying information. Competing visions for the technical implementation have emerged, though there appears to be general agreement on the need for messaging standards. Legal and operational issues will be as challenging as putting technical solutions in place. The FATF is set to kick the tires of a range of proposed tech solutions in June 2020. Imagine SWIFT’s interbank messaging system…

Canada’s Blockchain Intelligence Group Signs USD$540,000 Contract with United States Feds

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Sharing is caring! Vancouver-based BIGG Digital Assets Inc. owner of leading developer of Blockchain technology search, risk-scoring and data analytics solution Blockchain Intelligence Group has closed a 5-year deal with a United States Federal Government agency valued at CAD USD$540,000 to deliver QLUE licenses. BIGG will not name the specific agency in this release out of respect for the agency’s critical national security mission. Blockchain Intelligence Group’s President, Lance Morginn, commented: “We are thrilled to have won this contract, enabling us to further cement our US government relationships and demonstrate…

Canada’s Blockchain Intelligence Group Signs USD$540,000 Contract with United States Feds

boss

Sharing is caring! Vancouver-based BIGG Digital Assets Inc. owner of leading developer of Blockchain technology search, risk-scoring and data analytics solution Blockchain Intelligence Group has closed a 5-year deal with a United States Federal Government agency valued at CAD USD$540,000 to deliver QLUE licenses. BIGG will not name the specific agency in this release out of respect for the agency’s critical national security mission. Blockchain Intelligence Group’s President, Lance Morginn, commented: “We are thrilled to have won this contract, enabling us to further cement our US government relationships and demonstrate…

Binance Will Soon Reward Market Makers for Providing Futures Liquidity

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Cryptocurrency exchange Binance is adjusting its fee structure to get market makers to add liquidity on its futures platform. Under the revised Binance Futures Market Maker Program, market makers will receive a negative fee for selected trading pairs, according to an official announcement on Monday. A “market maker” is a user who adds liquidity, or buying and selling limit orders in which the limit price is below/above the current market price, by placing a trade in the order book. A “market taker” is the one who takes liquidity off the market…

BitPay Restores Service to All Bitcoin Wallets to Drive Mainstream Adoption

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The leading provider of Bitcoin (BTC) and cryptocurrency payment services, BitPay, announced on Feb. 4 that the company will soon allow invoices to be paid from any Bitcoin wallet or exchange.  BitPay CEO Stephen Pair told Cointelegraph that the decision to enable merchant payments from any Bitcoin wallet was driven by merchant feedback, putting control back in the hands of over 30 thousand active merchants currently using BitPay: “BitPay’s customers want to support all the Bitcoin wallets, just like they want to support all cryptocurrencies for payments. The company has…

Bitcoin SV (BSV) Hit New Monthly Low despite Successful Hard Fork

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The price of Bitcoin SV (BSV) fell sharply on Tuesday after a day of lower volumes of trading even though its parent blockchain underwent a major upgrade. Bitcoin SV removed block size limits, a thorn that has so far kept blockchains from achieving full-fledged scalability, in its so-called Genesis Hard Fork. Jimmy Nguyen, the former CEO of nChain – the force behind the Bitcoin SV project, announced in a tweet that their upgrade became effective after the mining of Bitcoin SV’s block 620539, adding: “It’s good night from Team SV…

Bitcoin.Com Releases Fastest Ever Wallet App, With Built-In Support for Bitcoin Cash-Powered Tokens

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Bitcoin.com has developed its fastest ever wallet app with an improved design and a new focus on user experience. The Bitcoin.com Wallet also now offers full support for SLP tokens, opening a whole new universe of digital assets for millions of users around the globe. Also Read: Bitcoin.com Wallet App Marks Over Five Million Wallets Created New Lightning-Fast Crypto Wallet App A new Bitcoin.com Wallet app has begun rolling out to iOS and Android mobile users, bringing millions of people the fastest client ever. Among the new updates included in…