Tag: Blocks

Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Lawsuit

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For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make a class action complaint in which he is named as a defendant go away, despite the fact that the infamous cryptocurrency exchange was based in Tokyo. Judge Gary Feinerman ruled that the class action complaint, which was introduced by former customers of Mt.…

Illinois Judge Blocks Mt Gox CEO’s Bid to Weasle out of Bitcoin Lawsuit

boss

For Mark Karpeles, the former CEO of the shuttered Mt. Gox bitcoin exchange, the hits just keep on coming, this time from more than 6,000 miles away. An Illinois court in a Memorandum Opinion and Order issued on March 12 has denied Karpeles the chance to make a class action complaint in which he is named as a defendant go away, despite the fact that the infamous cryptocurrency exchange was based in Tokyo. Judge Gary Feinerman ruled that the class action complaint, which was introduced by former customers of Mt.…

The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

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Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. Bitcoin Core blocks during the same period. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner…

The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

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Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about 500% of the blocks in Bitcoin SV are mined by “unknown” compared to Bitcoin. Bitcoin Core blocks during the same period. The situation led a Reddit user, who probably didn’t notice that the “unknown” miner…

Blockstream Cofounder Proposes To Reduce Bitcoin (BTC) Blocks from 1Mb to 300Kb

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A recent proposal issued by Blockstream co-founder Luke DashJr has caused a stir in the Bitcoin Developers community. The well-known expert in cryptocurrencies proposed the temporary reduction of Bitcoin Blocksize to less than half. The proposal is already available for analysis in GitHub and seeks to reduce the size of the blocks produced by the Bitcoin Blockchain from 1Mb to only 300k. The soft fork would start its implementation mid-year, specifically From 2019 Aug 1 and should last until 2019 Dec 31. This decision may seem crazy, especially considering that…

Square’s Cash App Blocks Account of Social Media Site Gab’s Founder: Report

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United States-based payments firm Square’s Cash App has reportedly blocked the personal account of the founder of controversial social media site Gab, according to a tweet from Gab Jan. 8. The move was reported just after Gab announced that the firm had sent an email to its user base promoting Cash App and Bitcoin (BTC). In a tweet today, Gab announced that it has sent over 850,000 emails to its users, introducing them to “free speech money: Bitcoin.” The screenshot of the firm’s email generally describes alleged censorship measures that…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

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Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks

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Now’s the Time for Blockchain Companies to Deliver: Gabriel Yang of Beyond Blocks December 8, 2018 by Jon Southurst “For a market that’s crashing, the vibe seems to be very good.” Bitsonline spoke to Beyond Blocks CEO Gabriel Yang in the closing stages of his company’s Summit Bangkok in Thailand last week. How do event organizers maintain a positive attitude at a time when many investors are turning away from blockchain and crypto? Or does the industry now have a solid enough foundation to keep things moving even during a…

Craig Wright Claims Bitcoin SV Will Process 1TB Blocks in Two Years

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CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Dr. Craig S. Wright has a mission in mind for Bitcoin SV (BSV) to process terabyte-sized blocks. It’s a “2 year target” according to a tweet he published yesterday. 2 year target. 2-4 Million TPS peak 500k sustained Terranode Bitcoin — Dr Craig S Wright (@ProfFaustus) November 29, 2018 Wright didn’t elaborate on the how of this. Demand for transaction space in Bitcoin blocks is high, and certainly, Bitcoin…

Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead

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The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15. At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have been already mined, wherein Bitcoin ABC is 12 blocks ahead. The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals. The news about the protocol upgrade has divided the BCH…