Tag: Blocks

Apple app store reportedly blocks Gnosis Safe wallet update for hosting NFTs

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The Apple App Store reportedly blocked a Gnosis Safe crypto wallet app update due to it hosting NFTs that weren’t purchased inside the app. Lukas Schor —a product developer at Ethereum-based crypto wallet provider Gnosis Safe — revealed the firm ran into trouble when it submitted an updated version of its app to the IOS app store earlier this month. Schor noted on Sept. 14 that despite the update having nothing to do with non-fungibles, the App Store flagged a sample image that displayed an NFT in the app’s description…

Central Bank of Nigeria Blocks Fintech Startups From Accessing KYC Service— Decision Described as an ‘Attack on All Fintechs’ – Regulation Bitcoin News

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The Central Bank of Nigeria (CBN) has recently suspended the provision of the bank validation number (BVN) service to all fintech and third-party partners. The decision means non-banks entities include crypto startups “have lost one of the most comprehensive means of identity verification in the country.” New Identification System Before the latest decision, the CBN accepted the use of the BVN alongside any other acceptable identity documents for KYC purposes. According to the apex bank, this service helped to “check risk and determine whether or not there is an element…

Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear Throughput – Bitcoin News

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Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have been increasing every day since the last week of 2020. Bitcoin Cash miners have processed upwards of 300,000+ daily transactions on various days during the past week. The crypto economy and myriad of blockchain networks have been getting a lot more attention during the last few months. Not only has a number of digital assets…

Zuckerberg blocks Trump from Facebook until at least end of term

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On Thursday, Mark Zuckerberg took to Facebook to announce the end of Trump’s reign — on the platform anyway. Yesterday’s rally on Capitol Hill in Washington, D.C. turned into a storm of the Capitol itself by Trump supporters following a speech in which the president said “we will never concede.” In his post this morning, Zuckerberg noted that Trump had used his platform on Facebook extensively for campaigning, often delving into disinformation and conspiracy theories, especially since the November election. Following yesterday’s violence, Zuckerberg said that “the current context is…

Bitcoin adoption in Nigeria soars as central bank blocks remittances in Naira

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Peer-to-peer Bitcoin (BTC) volume in Nigeria continues to rise as Africa’s largest economy remains a bastion for crypto adoption. According to Quartz Africa, data from the Bitcoin P2P marketplace Paxful show the country ranks second only to the United States in trading volume. Since 2015, Nigerians have traded over 60,200 BTC on the Paxful platform amounting to about $566 million in volume over the period. Data from Coin Dance shows trading activity for the week ending Dec. 12 at 886.3 million naira (about $2.3 million). Bitcoin’s growing appeal among Nigerians…

Hash Watch: 73% of Bitcoin Cash Blocks Mined With BCHN, Poloniex Launches Fork Futures

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The Bitcoin Cash (BCH) upgrade is 21 days away and there’s a possibility the blockchain may bifurcate on November 15. On Sunday, October 25, statistics show that 731 out of the last 1,000 blocks have been mined using the BCHN full node software. Bitcoin Cash proponents are patiently waiting for the next BCH upgrade that’s roughly three weeks away. News.Bitcoin.com reported on September 1, that due to the contentious Infrastructure Funding Proposal added to Bitcoin ABC’s codebase, the network may split. 23 days later our newsdesk explained around 61% of…

Venezuela Blocks Opposition From Disbursing $18 Million To Health Workers via Bitcoin Exchange Airtm

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Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday. However, it is not yet clear whether the money at the center of the dispute will be disbursed in cash or bitcoin (BTC). Workers will reportedly be paid $300 each over three months in equal installments. The U.S selected the Juan Guaido-led opposition party to facilitate the distribution. Guaido…

Researcher Re-mines Satoshi’s Bitcoin Blocks To Discover His Secrets

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Sergio Dermain Lerner, a researcher known for looking at the mining patterns of the original Bitcoin (BTC) miner, has turned his attention on the Bitcoin blocks mined by Satoshi Nakamoto. Lerner made a preview of his latest findings available to Cointelegraph. His research is based on the irregular pattern of the Least-Significant-Byte (LSB) of the nonce field of block. This past June, Lerner published a blog that expanded on his original research from 2013. He suggested that for an unknown reason, Satoshi refrained from mining in the first five minutes of…

On-Chain Bitcoin Scaling En Masse Requires Bigger Blocks, Abra CEO Says

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Bill Barhydt, CEO and founder of the Abra digital finance wallet and exchange app, said he sees Bitcoin’s (BTC) blockchain struggling when it comes to on-chain mass adoption of the asset as a store of value, given the asset’s current technology.  “Bitcoin can certainly scale ‘off-chain’ today via third-party custodians such as exchanges and wallets like Abra or other so-called second-layer technologies such as Lightning,” Barhydt told Cointelegraph on July 15.   He added: “When held in that manner Bitcoin’s scalability is probably limitless. However, Bitcoin doesn’t yet have the scalability…