Tag: Blocks

China’s Great Firewall Blocks Popular ETH Block Browser Etherscan

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China’s Great Firewall, a tool used to ban Chinese citizens from using sites like Google and Facebook, has listed a major explorer for Ethereum’s (ETH) blockchain. According to data from non-profit monitoring organization GreatFire, China allegedly blocked one of the most popular ETH block browsers, Etherscan, in October 2019. As of Dec. 3, Etherscan’s domain remained inaccessible from IP addresses inside mainland China, as reported by crypto publication Coindesk on Dec. 3. Etherscan is aware of the block, firm’s CEO says While the Etherscan’s blockage was largely unnoticed, the firm’s…

Bitcoin Cash Hard Fork Sees Miners ‘Waste’ Money on 14 Invalid Blocks

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Bitcoin Cash (BCH) miners appear to have wasted money mining 14 blocks on the wrong chain after the altcoin underwent a hard fork.  According to data from monitoring resource Fork Monitor on Nov. 15, Bitcoin Cash, which itself forked off from Bitcoin (BTC) in 2017, successfully split in two once again on Friday. BitMEX: Miners are “wasting resources” Despite being broadly cleaner than its previous hard fork attempts, it soon became apparent that a large section of miners had not upgraded to the new chain.  In total, miners spent resources…

Litecoin Foundation Pitches Opt-In MimbleWimble Via Extension Blocks

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The Litecoin Foundation has published two new draft Litecoin Improvement Proposals that work toward establishing privacy features for the network. On Oct. 22, the Foundation shared links to details of the draft proposals on GitHub: LIP-0002 EB and LIP-0003 MW.  Protecting Litecoin’s functional fungibility from government As the Foundation outlines, both proposals are targeted at mitigating the privacy risks associated with a transparent ledger, where transaction history can be publicly traced.  The proposal’s authors — Andrew Yang, David Burkett and Charlie Lee — argue that this transparency hinders Litecoin’s “functional…

Russia Blocks Leading Crypto News Site Cointelegraph

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Russia added yet another website to its blocking cart: the leading crypto news site, Cointelegraph. The news of the block goes to show that the Russian censorship program is not backing down and they will do all it takes to keep Russia’s citizens away from any site that – by their definition – could be potentially harmful. While Cointelegraph claims that the crypto news website has been in the Russian blocking cart for about 2 years now (2017 to be precise), it was not until yesterday, October 16th, that the…

Bitcoin Cash Can’t Mine Blocks Bigger Than 2MB, Lead Dev Suggests

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Altcoin Bitcoin Cash (BCH) faced fresh criticism this week after one of its lead developers appeared to admit its network was unable to process its larger blocks. In a Reddit exchange on Sept. 2, Amaury Séchet, via his account known as u/deadalnix, responded to criticism of some miners by another pro-BCH user. In the response, the developer suggested a BCH node would not be able to process a block of transactions 2 megabytes or larger. Séchet is the lead developer of Bitcoin ABC, the first incarnation of the Bitcoin Cash…

BitPay Blocks $100K Bitcoin Donation to Amazon Rainforest Fire Charity

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Controversial cryptocurrency payments processor BitPay is facing another PR nightmare after the company rejected a $100,000 donation to an Amazon rainforest charity. BitPay leads Amazon Watch to compliance dead end According to a social media complaint by Amazon Watch, an organization which seeks to support the Amazon rainforest’s ecology and indigenous peoples, the payment failed to pass BitPay’s internal checks.  The would-be donor was trying to contribute due to the ongoing wildfires in the Amazon, the charity suggests, but could not complete the payment in Bitcoin (BTC). Officials attempted to…

KuCoin Exchange Blocks Crypto Wallet Allegedly Involved in RChain Token Scam

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Singapore-based crypto exchange KuCoin has blocked a crypto wallet that is allegedly involved in a recent RChain (RHOC) token scam, RChain wrote in a blog post on April 26. RChain, the blockchain firm behind RHOC coin, informed its users that the company suffered a scam involving an escrow transaction containing counterfeit money. In the apparent deal, RChain was set to send 11 million RHOC tokens to its partners who expressed an interest in putting money into an escrow account. Once the money was in escrow, RChain sent RHOC tokens to…

Major Web Browser Firefox by Mozilla Now Blocks Web-Based Cryptojacking

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Major open-source browser Mozilla Firefox has launched new protections against crypto mining malware in its new browser versions, according to a blog post published on April 9. In its latest Firefox Nightly 68 and Beta 67 versions, Mozilla has enabled a new level of protection against crypto mining and fingerprinting hack attacks in a part of the browser’s Content Blocking suite of protections. The new browsing feature has been developed in collaboration with privacy and security software firm Disconnect, and represents a collection of blacklists of malware domains associated with…

Parliament Blocks Brexit No-Deal But Bitcoin (BTC) Still in Play

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On April 3, UK lawmakers were able to pass a preventative measure by one vote that would stop the possibility of No-Deal Brexit. Compared to alternative outcomes over how U.K. transition away from the European Union will occur, No-Deal has been hailed as one of the more catastrophic. The move would have entailed an immediate cease in relations between the U.K. and E.U, with no clear path forward on how the two would interact going forward–in effect producing massive economic, trade and travel uncertainty. However, cryptocurrency analysts have pointed out…

Russia Blocks Bitcoin Sites Without Prior Investigation

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Russia Blocks Bitcoin Sites Without Prior Investigation March 16, 2019 by Jeff Fawkes The Russian Roskomnadzor — in conjunction with the Prosecutor’s Office — has yet again attacked bitcoin exchanges and informational sites. As the latest in the saga of Russia’s negative actions against crypto, one site has been blocked after previously being approved by the government. Also read: Mt Gox CEO Mark Karpeles Sentenced to 2.5 Years, but Won’t Go Back to Prison  Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Prosecutors Need to Fill the Stats…