May 16, 2020

Venezuela Appears to Have Hard Forked The Petro

May 16, 2020 boss

On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10. However, observers have since identified that the official Petro block explorer now lists May 5, 2020, as the date that its genesis block was mined. Other block explorers record Oct.13, 2018, as the date for Petro’s genesis block — suggesting that there is more than one Petro chain currently in existence. Petro suspected of quietly forking After the maintenance was completed, the National Superintendency of Cryptoassets announced it had…

Majority of TON Investors Reportedly Choose to Quit for 72% Refund

May 16, 2020 boss

On May 12, Telegram officially terminated its involvement in its planned blockchain project, the Telegram Open Network, and its corresponding GRAM token. Apparently ending its long-running legal battle with the United States’ regulators, Telegram still needs to sort out $1.7 billion raised in an initial coin offering, or ICO, in 2018. Prior to abandoning the troubled TON project, Telegram CEO and founder Pavel Durov introduced a reimbursement scheme, offering TON investors two choices — immediate 72% refund, or a 110% refund in 12 months. Major $70 million investor is preparing…

Cryptocurrency News From Japan: May 10

May 16, 2020 boss

This week’s headlines from Japan included SBI Holdings pairing up with Redstone Digital for a joint venture fund, LayerX teaming up with GMO Aozora for digitalization research, Decurret working to put aspects of the health system on the blockchain with Tokio Marine & Nichido Fire Insurance, BitFlyer exchange releasing a commercial, and a data company producing a report on crypto in Japan. Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI Holdings starts up joint venture fund with Redstone Tokyo-based SBI Holdings has paired…

Crypto Influencers Tried to Explain Bitcoin to JK Rowling

May 16, 2020 boss

Ethereum co-founder Vitalik Buterin, Elon Musk, the CEO of Tesla, and Justin Sun, the CEO of Tron Foundation, tried to explain to Harry Potter creator JK Rowling what Bitcoin is and how it can be used. How do you explain Bitcoin to someone who doesn’t have an idea what the cryptocurrency is? This was exactly what many tried to do when JK Rowling, the author of the Harry Potter series asked Twitter users to explain Bitcoin to her. There were hundreds of tweets in response to her question that she…

Plantoids: The Advent of New Blockchain-Based Lifeforms

May 16, 2020 boss

Gunsmoke was a staple in the earlier era of American entertainment. The western-themed series first aired on radio in 1952 and ended its run in 1961. The TV series premiered in 1955 and ran for a total of 635 episodes over two decades. Gunsmoke’s main protagonist was Marshal Matt Dillon from Dodge City, Kansas (ever wondered where the phrase Let’s get the hell out of Dodge came from?). The same actor, James Arness, portrayed the character for the entire TV run (William Conrad played the radio incarnation of Marshal Dillon. Conrad…

Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April

May 16, 2020 boss

Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the epic Bitcoin (BTC) scaling debate of the mid-2010’s, still has its hardcore supporters. And new research shows these supporters are willing to mine BCH even when it would be more profitable to mine on the Bitcoin network. Data shows someone is propping up Bitcoin Cash Luxor Mining Pool Operator, Ethan Vera,…