Month: November 2017

Although it may be hard to imagine, cryptocurrencies are far older than Blockchain technology. Most of us look at Bitcoin as the first cryptocurrency, although it is only the first Blockchain-based currency. Cryptocurrencies like B-Money and BitGold existed prior to Bitcoin, however, these didn’t really go far, especially when judged against Bitcoin. The problem with cryptocurrencies conceived before Bitcoin was their centralized structure. Without Blockchain technology, there was no “decentralized, immutable, transparent” ledger in which transactions could be recorded, leading Read more …

With the price of cryptocurrencies shooting up, the incidence of sophisticated malware and trojans has increased. The latest trojan, Cryptoshuffler, has managed to steal Bitcoins worth $150,000 so far. Simple modus operandi The modus operandi of CryptoShuffler is very simple – It strikes when a user copies a Bitcoin address onto the clipboard, presumably to paste it in the destination address of his wallet and send across Bitcoins. Cryptoshuffler then replaces the address in the clipboard with an address owned Read more …

Finance Doug Alexander of Bloomberg Technology reports an online lender’s stock price and value “rose the most in eight months after moving a step closer to giving customers the ability to hold bitcoin and other cryptocurrencies in digital wallets.” Also read: Airbitz Major Wallet Overhaul Leads to New Brand, New Company: Edge Bitcoin is the Future of Banking “We’re basically building a digital banking experience for the next generation of consumers,” CFO Greg Feller told Bloomberg by phone. Mr. Feller Read more …

A New York businessman accused of defrauding investors in connection with two initial coin offerings (ICOs) last month by the U.S. Securities and Exchange Commission has been arrested. In a statement, the U.S. Attorney’s Office Eastern District of New York said that Maksim Zaslavskiy had been arrested Nov. 1 and charged with securities fraud conspiracy tied to two token sales, one of which was marketed as being backed by real estate assets, and the other by diamonds. A complaint, originally filed Read more …

Making ruthlessly short work of the gap between $6,000 and $7,000, Bitcoin is poised to top yet another historic milestone. Having just celebrated its ninth birthday with a bang, the digital currency has shown no signs of a hangover on the day after. It’s been on an absolute rampage since and doesn’t seem to be stopping just yet. The uncertainty surrounding the August hard fork, and potential Chinese ban seem a distant memory as the price has to continued to Read more …

The Blockchain phenomenon is gradually settling into people’s lives, making it imperative to understand its applications and limitations. Today, we’re going to discuss how Blockchain can make the food industry better. Our current food system offers a fertile opportunity to explore how the Blockchain technology can interact with our ecosystems — both human and ecological — to add value to our lives. Fortunately, a number of startups are already hard at work in this area. After the introduction of Ethereum, Read more …

What do you do after you’ve created a multibillion-dollar cryptocurrency? A skinny, 23-year-old hacker in a green “Doge” t-shirt gave us an answer today. At ethereum’s flagship conference, Devcon, project creator Vitalik Buterin revealed he has been quietly working on a new long-term plan for the future of the blockchain network. What he called a “modest proposal,” it’s perhaps better described as a three-to-four-year roadmap for ethereum’s technical development. Notably at the heart of the vision is a long-in-the-making technical Read more …

A Cornell computer science professor known for her work on the fundamentals of distributed systems is soon to launch a new blockchain project. Announced today at ethereum’s annual developer conference, Devcon3, Elaine Shi explained that the upcoming work will be based on the thunderella protocol – a paper she co-authored alongside Cornell associate professor Rafael Pass earlier this year. Called thunder token, the effort aims to address a problem common to blockchains, their inability to accommodate significant numbers of users. In the talk today, Read more …

The campaign is expected to raise 70,000 ETH, which equals 21.5 million U.S. dollars as of two days before the start. Confideal’s ICO features a generous incentive program that enables early investors to receive a 25% bonus in CDL tokens. The token generation event will last for 20 days. Changing the token market for the better In an effort to reduce fraud and encourage responsibility and accountability in the token market, smart contract management platform Confideal has announced the start Read more …

As some of you might know, the Wondrous World of Finance™ has been in something over a dither over the hottest new trend: Bitcoin. See, it’s value is skyrocketing with a speed and potency rarely seen outside Tesla stock after a bad earnings result. Suddenly, something that only the nerdiest of finance nerds even knew about one year ago is a topic of conversation between retirees and their beleaguered financial advisers. Jamie Dimon hates it, yet his daughter loves it. Read more …