Open Source Project Allows e-Bike Rentals in Seconds over Bitcoin’s Lightning Network

Matthias Steinig, a German programmer, has developed a new mechanism that allows e-bikes to be rented in exchange for payments on the bitcoin Lightning Network. A prototype built using a modified bicycle is already fully functional and has been demonstrated in a video posted on Twitter. The Lightning Bike The project involves a device connected to the bike that controls the flow of electricity depending on whether or not a payment has been made. The payment process only requires the user to scan a QR code with their mobile phone…

Bitcoin Cash Price Sets New Yearly Low as Exchanges Open BCH Trading

Twitter Facebook LinkedIn It has been five days since the Bitcoin Cash fork began and crippled the stability of the BCH ecosystem, and the worst part is that it is not looking to recover anytime soon. The BCH/USD pair on Tuesday dropped another 40 percent — on paper, anyway (most exchanges paused BCH trading ahead of the fork and are consequently seeing all of the recent market losses realized at once) — setting new yearly lows at 237.14-fiat. There were no signs of upside recoveries that could stand for long.…

IBM Patent Says Blockchain Can Help Track Open Scientific Research

A Watson Research Center team at IBM recently filed a patent application that says blockchain technology can be of great help in tracking open scientific research. According to the patent, blockchain can help researchers track their work across institutions. This new development based on distributed ledger technology (DLT) is one more non-financial application from the IT giant that is continuously researching blockchain and related technologies for applications. As per the filing, the latest patent makes the scientific research log tamper-resistant. The filing for the patent from IBM says, “The blockchain…

Open API Cryptocurrency Exchanges Launches IPFS Protocol to Facilitate Security Token Trading

A developer of decentralized ERC-20 token exchange powered by P2P hypermedia protocol from Protocol labs launches private IT-backed security token. To remove the challenges linked to traditional IPO investing, the security trading platform BaseCore leverages its very own security token: BaseCore token; a stable coin backed by the underlying portfolios of private IT companies. Two major components make up the BaseCore token. An investment element, based on reportedly high-yield assets in the portfolio secured by non-public IT startup assets. A stabilizing component, attained by settling on a “base” redemption price…

Bithumb Signs Deal with US Fintech Firm to Open Security Token Exchange

Major South Korean cryptocurrency exchange Bithumb has reportedly signed a deal with an American fintech firm in an effort to open a securities token exchange in the U.S., South Korean Yonhap News agency reported Nov. 1. Citing individuals familiar with the matter, Yonhap reports that Bithumb signed an agreement with American crowdfunding platform SeriesOne. A Bithumb official purportedly told the news agency: “SeriesOne actively sought to strike a deal with Bithumb after assessing it as the most suitable partner. Bithumb will ramp up efforts to develop into a global financial…

US Cleaning Supplies Firm To Open Blockchain Rewards-Based Recycling Centers in Indonesia

U.S. manufacturer of household cleaning supplies SC Johnson and environmental organization Plastic Bank will open several plastic recycling centers in Indonesia, offering locals tokens for waste collection, according to a press release published Sunday, Oct. 28. SC Johnson, which owns such brands as Glade, Ziploc and Mr. Muscle, has revealed recent scientific data on the plastic pollution of the ocean, stating that five Asian countries — China, Indonesia, the Philippines, Vietnam, and Thailand — account for more than 55 percent of the plastic waste leaking into the ocean. With the…

EOS, Litecoin, Lumens Open for Buyers

The accumulation in altcoins is bullish and shows the strength of underlying buy pressure. Therefore, with every decline in TRX, Litecoin, EOS and Stellar, savvy traders should find opportunity to buy with stops below immediate support. Let’s have a look at these charts: EOS Price Analysis Even with the widespread use of Bancor’s PEG Network that allow third party developers to integrate and create in-app autonomous trading and liquidity of any tradable digital assets. Besides this simple integration, users can create custom asset peg tokens, EOS is yet to recover.…

Visa Integrates Open Source Hyperledger Tech for B2B Blockchain Payments

Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019. Visa B2B Connect, the payment giant’s enterprise blockchain platform that enables cross-border payments between businesses, is partnering IBM to integrate the latter’s development of the open-source Hyperledger Fabric framework. As reported nearly two years ago to the day, Visa first announced the blockchain platform co-developed with blockchain industry startup chain Inc.., as an alternative solution to global payments rail SWIFT for making large payments…

ING Bank Launches Open Source Privacy Improvement Add-On for Blockchains

Dutch multinational banking and financial services corporation ING confirmed the release of its open source blockchain tool Zero-Knowledge Set Membership (ZKSM) in a press release Monday, Oct. 21. ZKSM, which functions as a privacy “improvement” to distributed ledger technology (DLT), such as blockchain, aims to provide validation of certain alphanumeric data without compromising that data’s overall security. According to ING, the tool allows a blockchain to confirm a piece of data belongs to a specified set, while not revealing its full characteristics. For example, as the press release elaborates, an…

Braiins OS: An Open Source Alternative to Bitcoin Mining Firmware

Braiins wants to redefine open-source mining software. The company behind Slush Pool recently rolled out the initial release of its ASIC miner firmware: Braiins OS. The operating system is advertised as “the very first fully open-source, Linux-based system for cryptocurrency embedded devices,” an alternative to the factory-default firmware that comes with most popular mining hardware. Upon visiting the project’s website, visitors are greeted with a clear message, a mantra that resonates with its related industry’s ethos: “Take back control.” Rethinking Open Source in an Open Source Space Further down on its…