Blockchain News
Norm Pattis: Are Bitcoin, the dark web and virtual reality the new state of nature?
In simplified terms, this is Bitcoin, a medium of exchange not created by the government, and, in the United States, largely unregulated. Individuals are free to use Bitcoin as a means of purchasing goods and services, so long as they are able to find ... (Sep 22, 2016, New Haven Register)
New Lawsuit Filed Against Bitcoin Wallet Xapo Founder
Identity-theft protection company Lifelock has filed another lawsuit against Wences Casares, founder of bitcoin wallet company Xapo. The suit was filed on Monday in Delaware Chancery Court against Casares and his former CFO at digital wallet startup ... (Sep 22, 2016, CoinDesk)
Blockchain Could Be Music's Next Disruptor
This could all change under blockchain-based platforms — clever pieces of code called smart contracts, and their capacity to link and act upon data. The new technology runs on millions of devices, from desktops to smartphones, and is open to anyone ... (Sep 22, 2016, Fortune)
Uport, An Ethereum Based Identity Project Wins the Blockchain Competition
We are aware of only three, starting with WeiFund, an ethereum based crowdfunding platform which allows independent film producers, such as Braid, artists, entrepreneurs and others to raise funds through smart contracts, potentially reducing scams as ... (Sep 22, 2016, CryptoCoinsNews)
At Ethereum Mega-Event, the 'Church of Vitalik' Sobers Up
That was the sentiment of Rebecca Migirov, one of many ethereum startup employees gathered in Shanghai for the blockchain platform's second annual conference, and she was not alone in her assessment. If last year's Devcon1 was characterized by a ... (Sep 22, 2016, CoinDesk)
Bitcoin Mining Brothers Face Prison Time for Stealing Electricity
Two brothers in Rotterdam in the Netherlands alleged to have stolen electricity to power a bitcoin mining operation in 2014 face months in prison, if prosecutors get their way. In the first case of its kind in the Netherlands, prosecutors are seeking ... (Sep 22, 2016, CryptoCoinsNews)
The Ethereum Cryptocurrency is Undergoing a Massive DDoS Attack
Ethereum, the only meaningful cryptocurrency competitor to bitcoin, is fighting off a DDoS attack. On Thursday morning, Ethereum cofounder Jeffrey Wilcke announced the attack, urging Ethereum miners to switch to a new mining method to circumvent the ... (Sep 22, 2016, Inverse)
Roger Ver Sues Bitcoin Exchange OKCoin For $570k
According to the South China Morning Post, a Hong Kong High Court document filed Wednesday shows that Ver alleges that OKCoin violated the terms of a contract for work the website Bitcoin.com. In late 2014, Ver and the bitcoin exchange initially joined ... (Sep 22, 2016, CoinDesk)
Ethereum Is Under Attack
On Thursday, virtual currency and so-called “world computer” Ethereum announced that its network is under attack, causing the network to slow down and making for a big headache for users. The announcement comes just days after Ethereum alerted users ... (Sep 22, 2016, Motherboard)
Blockchain Could Have Prevented The Wells Fargo Scam
“I see it in a few ways. First, at this point in time, it's kind of abstract but in the very near future it probably won't be, but it would require that banks truly built a wider infrastructure on Blockchain beyond what is heavily discussed today. But ... (Sep 22, 2016, CoinTelegraph)
Why Accenture broke the blockchain with IBM's help
Accenture is suggesting that permissioned blockchains will benefit from the ability to change transactions — perform “do-overs.” A permissioned blockchain is a network where the participants can restrict who can participate in the consensus mechanism ... (Sep 22, 2016, CIO)
Bitcoin Price Testing Critical Support
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Bitcoin price has shown no reaction to yesterday's Fed rates announcement. Price holds above critical support. This analysis is provided by xbt ... (Sep 22, 2016, CryptoCoinsNews)
Op-Ed: What Is the True Meaning of "Decentralization" in Blockchain Technology?
Recent years have brought significant misunderstanding of the term decentralization as it pertains to Bitcoin. Literally, it means the dispersal of nodes, data, miners and developers; according to some, the dispersal of miners (everyone mining with a ... (Sep 22, 2016, Bitcoin Magazine)
Asset Managers See Blockchain Adoption by 2021
eToro's Founder and CEO, Yoni Assia, described blockchain as a leading-edge technology while Alex Tapscott, co-author of the book Blockchain Revolution and Founder and CEO of Northwest Passage Ventures, sees blockchain as a huge game-changer ... (Sep 22, 2016, CryptoCoinsNews)
Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs
The next time a tornado obliterates large swaths of land and property in California or Ohio, Symbiont's newly unveiled catastrophe swaps blockchain platform could help speed up how quickly the victims get paid out, based on a recent demonstration of ... (Sep 22, 2016, CoinDesk)
Roger Ver is Suing a Hong Kong Firm Over 'Bitcoin.com' Revenues
Roger Ver, an early bitcoin adopter who is now a fervent proponent and investor in bitcoin and its industry is suing OKEX Fintech, a Hong Kong private company, over alleged lost revenues from Bitcoin.com. Roger Ver is the website's owner, registrant ... (Sep 22, 2016, CryptoCoinsNews)
Roger Ver Is Still Determined to Increase the Bitcoin Block Size Limit via a Hard Fork
Two attempts to increase Bitcoin's block size limit via hard forks — Bitcoin XT and Bitcoin Classic — have failed to gain much support in terms of network hashrate, but early bitcoin advocate and angel investor Roger Ver is not giving up on the cause ... (Sep 22, 2016, Bitcoin Magazine)
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status ...
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status ... (Sep 22, 2016, Nasdaq)
Banks, R3, Explore Blockchain Tech For Managing Reference Data
Seven banks, including Citi, HSBC and Alliance Bernstein (AB), has joined R3, a bank consortium studying blockchain, and Axoni, a blockchain technology firm that uses blockchain in settling derivative transactions, to determine if the technology can ... (Sep 22, 2016, CryptoCoinsNews)
Bitcoin Debit Card Wirex Integrates ShapeShift Exchange
ShapeShift.io, an instant exchange for Bitcoin and other blockchain tokens, has developed an API integration with Wirex, a provider of debit cards for cryptocurrency. Today's integration means Wirex users can fund their Mastercard debit cards with ... (Sep 22, 2016, Finance Magnates)
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status
Seven years on, bitcoin still remains the largest digital currency by market capitalization. While bitcoin may have been the most volatile currency, it has since ceded that mantle to up-and-coming altcoins. The transformation of bitcoin from a volatile ... (Sep 22, 2016, Bitcoin Magazine)
Use of blockchain in finance to become widespread in 5 years, say asset managers
About two thirds of asset managers and owners in Asia Pacific expect blockchain, the distributed ledger technology behind cryptocurrency bitcoin, to be widely adopted in the investment industry in the next five years, a survey by financial services ... (Sep 22, 2016, South China Morning Post)
Bitcoin Price Falls Below $600, Reaching Three-Week Low
The value of bitcoin was little changed Thursday morning, as the BTC/USD consolidated below $600 following a sharp selloff earlier in the week. At the time of writing, the BTC/USD exchange rate was trading at $596.01, according to CoinDesk. Bitcoin's ... (Sep 22, 2016, Economic Calendar)
India to see Bitcoin and Blockchain Remittance from New Partnership
A new partnership between Indian bitcoin exchange Coinsecure and global money transfer platform OKLink – a spinoff of Chinese bitcoin exchange OKCoin – will see digital currency and fiat remittances to Indians using blockchain technology. Indian ... (Sep 22, 2016, CryptoCoinsNews)
Bank Tech Provider Sinodata Calls for Blockchain Collaborations
Bank technology provider Sinodata opened the second annual Global Blockchain Summit this week with the announcement that it seeking to collaborate with blockchain startups. The Beijing-based software development firm was the first of several major ... (Sep 22, 2016, CoinDesk)
India May Overtake China in Bitcoin Use
Kumar Gaurav, the CEO of the Blockchain remittance company Cashaa, says that India is certainly one of the emerging markets for Bitcoin and related cryptocurrencies due to such obvious reasons like having a young population, an increase in smartphone ... (Sep 22, 2016, CoinTelegraph)
Ethereum Classic Price Technical Analysis – ETC Nosedives
Ethereum classic price struggle to recover continued against the Bitcoin, and as it traded down further. There was an expanding triangle pattern formed on the hourly chart of ETC/BTC (data feed via Simplefx), which was broken during the recent downside ... (Sep 22, 2016, newsBTC)
Bitcoin investor sues Hong Kong firm over alleged contract breaches
In a writ filed to Hong Kong's High Court on Wednesday, Roger Keith Ver, registrant and administrator of the domain name bitcoin.com, claimed OKEX Fintech Company, which provided online services for local and international bitcoin trading, had broken ... (Sep 22, 2016, South China Morning Post)
International Blockchain Week: China is reaching consensus on blockchain
As International Blockchain Week in Shanghai backed by the famous Wanxiang Blockchain Labs got underway, expressions like "cross-industry consensus" were being repeatedly used as developers showed how shared ledgers could be given the Chinese ... (Sep 22, 2016, International Business Times UK)
Telstra explores blockchain, biometrics to secure smart home IoT devices
Telstra is experimenting with a combination of blockchain and biometric security for its Internet of Things (IoT) smart home offerings, according to Katherine Robins, principal security expert at Telstra. After conducting real-world testing of the ... (Sep 22, 2016, ZDNet)
Ethereum Price Technical Analysis – ETH Sets Short-Term Top
Ethereum price recently posted a high of $14.25 against the US Dollar where sellers appeared and protected any further gains. I cautioned yesterday stating that the price is in the overbought territory and may move down soon. The price did correct ... (Sep 22, 2016, newsBTC)
Bitcoin and blockchain: the future of money or just hype?
A recent World Economic Forum survey found that most experts think blockchain — the technology that underpins cryptocurrencies such as bitcoin — will become mainstream by 2025. So is blockchain the future of money, or is it all fantastical hype ... (Sep 22, 2016, Financial Times)
Bitcoin Price Technical Analysis for 09/22/2016 - Selloff Continuation Due?
Bitcoin price recently made a sharp break below a short-term consolidation pattern, which means that sellers have taken control. Price seems to have formed a bearish continuation signal as more sellers could take it down. Technical indicators are also ... (Sep 22, 2016, newsBTC)
Brothers Face Jail Time for Stealing Power to Mine Bitcoins
The case dates back to 2014, when the brothers, whose names were not disclosed, are said to have been caught stealing electricity from a local utility provider in order to power bitcoin mining devices at a location in Rotterdam. Prosecutors said this ... (Sep 21, 2016, CoinDesk)
Cryptocurrencies like bitcoin may become a target in the fight against ransomware
Countering the increasing use of ransomware — malware that attacks computers and networks and encrypts files, which criminals then demand payment in order to decrypt — may require action against hard-to-trace cryptocurrencies like bitcoin that are ... (Sep 21, 2016, Business Insider)
Bitcoins Are Money, Federal Court Rules
A federal judge in New York ruled that Bitcoin may be considered money in the context of a federal anti-money laundering statute. U.S. District Court Judge Alison Nathan rejected a motion Monday by defendant Anthony Murgio to dismiss two charges ... (Sep 21, 2016, Daily Caller)
Accenture patents editable blockchain
The consultancy giant has caused upset in the fintech community by patenting an editable blockchain that allows a central administrator to edit or delete information stored in a permissioned blockchain system, the Financial Times reports. A ... (Sep 21, 2016, Business Insider)
Microsoft sees 'staggering' potential for blockchain technology as it releases new 'Bletchley' template
Microsoft has released version 1 of Bletchley template for Azure, which lets users create a distributed-ledger, or blockchain, network with minimal knowledge of Azure or Ethereum, a crowd-funded, cloud-based public software project. The new release of ... (Sep 21, 2016, GeekWire)
Roger Ver on Bitcoin Scalability: Two Bitcoins Are Better Than One
Coin Telegraph spoke to Roger Ver, CEO of Bitcoin.com, on whether Bitcoin should scale or not at this crucial moment in its march to become a global digital currency of choice. Asked whether scalability will lead to a split in the Bitcoin community as ... (Sep 21, 2016, CoinTelegraph)
Dutch Brothers in Court for Bitcoin Mining With Stolen Power - ABC ...
Dutch Brothers in Court for Bitcoin Mining With Stolen Power - ABC ... (Sep 21, 2016, ABC News)