Month: October 2017

Technology The Bitcoin ABC development team has announced its plans for the November 13 Hard Fork upgrade of Bitcoin Cash. The upgrade is designed to stabilize the problematic difficulty adjustment algorithm (DAA). News.Bitcoin.com talked to Bitcoin ABC lead developer Amaury Séchet and Bitprim CEO Juan Garavaglia about what to expect. Also read: Bitcoin Cash Community Preps Hard Fork Slated for November 13 Statement on November 13 Hard Fork The Bitcoin ABC development team issued a statement on Read more …

Smart contracts have brought the Blockchain closer to real life. After the smart contract is signed, it’s submitted for permanent storage as a secure record. This permanence has led to the development of a number of services that allow marriage and marriage contract on the Blockchain. Blockchain is forever The first marriage was registered in the public registry of Blockchain on Oct. 5, 2014. The wedding of David Mondrus and Joyce Bayo took place at a private Bitcoin conference at Read more …

Derivatives marketplace operator CME Group has announced plans to launch a bitcoin futures product in the fourth quarter of this year. Though the exact release date has yet to be revealed, CME said that the futures would be settled via cash and based on its CME CF Bitcoin Reference Rate, an index it debuted in Nov. 2016 in partnership with London-based Crypto Facilities. The futures would be listed on CME, the company said. Terry Duffy, CME Group chairman and CEO, said in Read more …

When Scott Adams announced his company would embark on an initial coin offering (ICO) on his blog Friday, he wrote without sarcasm that the day might be one of the “biggest” of his life. Quite the statement from the creator of the beloved Dilbert comic strip, readers may be surprised given Adams’ recent, pointed take on blockchain mania. But far from just lampooning the technology, Adams is gearing up to get firsthand experience of how it can be used for fundraising. WhenHub Read more …

Traditional investment models, as well as capital funding and project support, have had many disruptive models change the way people invest, as well as how projects are funded. Now, it is the ancient practice of farming that is getting an upgrade in terms of its funding. From crowd funding to venture capitalism, the age old bank loan is no longer the be all and end all when it comes to funding a project. ICOs have emerged as powerful tools for Read more …

Bitcoin is going to “Amazon the banks,” CNBC host Brian Kelly told viewers Monday in a mainstream plug for the cryptocurrency. As part of the network’s Fast Money segment, Kelly, who is a well-known proponent of Bitcoin and frequently advises investment, outlined three reasons why consumers should buy now. “Demonstrated demand for the product” and a “massive addressable market” are the two other key factors making Bitcoin a good bet, Kelly explained. “Amazon comes in, they go direct to the Read more …

Bitcoin cash is trending down amid news of an upcoming technical change. After rallying more than 30 percent over the last week, with prices clocking a five-week high of $522.95 on Sunday, the bitcoin cash-US dollar (BCH/USD) exchange rate is $438 at press time, up slightly from a low of $415 yesterday. However, the move isn’t without cause, as an attempt to update the project’s underlying software appears to have traders slightly spooked. Bitcoin cash developers explained yesterday that they Read more …

The second half of October has seen ICO funding slow down dramatically as several seemingly promising ICOs struggle to gain any traction despite a strong following and community.  Alttradex, a new player looking to take on the cryptocurrency exchange space, is one of them. The innovative platform who’s features are more akin to the traditional FX trading platforms has a heavy focus on transparency and customer support. Composed mainly of investment managers, technology consultants and developers, aims to change the Read more …

With Bitcoin price at an all-time high, a seemingly unquenchable thirst for cryptocurrencies brings a dark side to the industry. Researchers this week discovered hidden code that secretly mines coins on Android devices from apps in Google Play. Security Company Trend Micro revealed in a blog post on Monday that they had exposed malicious mining code that harnesses computing power without the user’s knowledge or consent. The embedded code uses Javascript loading and native code injection to avoid detection by Read more …

With Bitcoin price at an all-time high, a seemingly unquenchable thirst for cryptocurrencies brings a dark side to the industry. Researchers this week discovered hidden code that secretly mines coins on Android devices from apps in Google Play. Security Company Trend Micro revealed in a blog post on Monday that they had exposed malicious mining code that harnesses computing power without the user’s knowledge or consent. The embedded code uses Javascript loading and native code injection to avoid detection by Read more …

A group of eight major banks is close to forming a new kind of blockchain venture. In contrast to the consortium models common to the sector, We.Trade recently revealed plans to move much of the European supply chain trade finance to a Hyperledger blockchain. Yet, it’s how the group is taking its technology to market that sets it apart: hardly another non-profit, the founders (which include KBC, Deutsche Bank and HSBC) have a direct equity stake in the project’s success. With a tiered Read more …

Canadian startup Mogo has joined UK-based On-Line PLC in seeing its share price rocket from Blockchain integration. The online lender saw its biggest rise since it launched an initial public offering (IPO) two years ago on hints cryptocurrency functionality could soon come to user wallets. Mogo to Provide Canadians with a Secure and Trusted Way to Own Cryptocurrencies including Bitcoin https://t.co/7gm78Mqnyc — Mogo.ca (@mogomoney) October 30, 2017 From a low of CAD$3.93 ($3.06) Oct. 26, Mogo took off to a Read more …