Category: Blockchain

Bitcoin (BTC) mining difficulty adjusted downwards more than at any time since its 2018 price low on Nov. 8, data shows.  As noted by entrepreneur and cryptocurrency commentator Alistair Milne on Monday, difficulty fell by around 7% after the network’s latest readjustment. Difficulty reveals Bitcoin network maneuvering Mining difficulty refers to the effort required for…

The value of Business-to-Business (B2B) cross-border payments carried out on a blockchain will exceed $4.4 trillion by 2024, after reaching $171 billion this year. According to a press release published by Juniper Research on Nov. 5, the firm’s new report revealed that financial institutions will save $7 billion by 2024 thanks to the advantages of…

On Oct. 30, 2019, the bitcoin blockchain reached $1 billion in cumulative transaction fees. “This milestone is a really cool milestone just because it shows how much people value block space,” said Bryan Aulds, founder of bitcoin wallet Billfodl. “And that it’s something people don’t mind paying for, which I think is really important moving…

Today, Oct. 31, marks eleven years since the publication of the Bitcoin white paper by the still-mysterious person or group pseudonymously identified as Satoshi Nakamoto. A revolutionary text Bitcoin: A Peer-to-Peer Electronic Cash System — published on Oct. 31, 2008 —  outlined a tamper-proof, decentralized peer-to-peer protocol that could track and verify digital transactions, prevent…

The Takeaway: A partial transcript of an internal meeting at Bitmain on Tuesday details a long-running power struggle that led to the sudden ousting of co-founder Micree Zhan. The conflict between Zhan and fellow co-founder Jihan Wu came to a head in December 2018 as the company pursued a round of layoffs. In Tuesday’s emergency…

A Bitcoin mining company owned by Russia’s internet ombudsman is planning to open a new facility and corner 20% of the international market. Internet ombudsman targets BTC As local financial news outlet RBC reported on Oct. 29, Russian Mining Company (RMC) plans to repurpose a metal factory in the country’s northern province of Karelia. Closed…

Blockchain startup Zamna raised $5 million to automate airport security checks using blockchain and biometrics technology, tech news outlet Silicon Republic reports on Oct. 28. The startup plans to use the funding to deploy its Advance Passenger Information platform. Zamna also said that International Airlines Group (IAG), Emirates Airlines and United Arab Emirates’ General Directorate…

Cryptocurrency is coming to the Mall of America. Flexa, a startup making it easier to use crypto for purchases in the real world, will be an advisory participant in a new demonstration store at America’s largest mall, which is located outside Minneapolis, Minn. The store, meant to showcase new brands and technologies for enhancing the retail experience,…

The German bank partially owned by blockchain firms Nimiq, TokenPay and the Litecoin Foundation is planning to process cryptocurrency payments for retailers starting in 2020. WEG Bank AG CEO Matthias von Hauff told CoinDesk the program is now accepting retailer applications for a sandbox test group, with applications opening to the public in early 2020.…

The Internal Revenue Service (IRS) has updated the main form individual U.S. taxpayers use to report their income to include a question about cryptocurrencies. Following the release earlier this week of the IRS’s long-awaited guidance for reporting crypto-related income, the IRS on Friday circulated a draft of the new Form 1040, Schedule 1, Additional Income and Adjustments…

An unknown Bitcoin Cash (BCH) miner was apparently in control of more than 50% of the token’s hash rate for 24 hours. The miner seemed to mine 73 blocks from 10 am Oct. 24 to 10 am Oct. 25, to which Twitter user Notgrubles responded that this is the reason why “BCH is a security…

Ethereum co-founder Vitalik Buterin has sparked controversy among cryptocurrency users after suggesting developers could reverse transactions.  Buterin’s community feedback falls flat In a Twitter survey on Oct. 26, Buterin quizzed followers about their opinion of reversing chain activity in the event of a major hack of an exchange or similar entity. “Suppose a popular smart…

One company is driving its business plan straight into the “bitcoin wastes too much energy” argument and has raised $30 million to do so. That’s according to Layer1 co-founder and CEO Alexander Liegl, which plans to bring wind-powered bitcoin mining rigs to West Texas early next year. The company is raising a total of $50 million at a $200…

Bitcoin (BTC) has transferred $11 trillion in wealth since its blockchain first went live in 2009, according to the fresh calculations. Bitcoin “going strong” at $9.6 billion per day Uploaded to social media by analyst PlanB on Oct. 24, the latest buoyant statistics for Bitcoin show the largest cryptocurrency is still beating out fiat competitors.…

Visuelle Live-Darstellung des Tangles von IOTA. Quelle: Tangle.blox.om Veröffentlicht am 20. December 2017 von Christoph Bergmann IOTA ist einer der am schnellsten aufsteigenden, aber auch am schärfsten kritisierten Kryptocoins. Eventuell liegt es daran, dass IOTA eine Menge verspricht und vieles vollkommen anders macht als die anderen. Das weckt Misstrauen. Wer sich mit der Kryptowährung beschäftigt,…

Galen Danziger is the chief technology officer of MouseBelt. MouseBelt is an ecosystem that promotes blockchain innovation by supporting hands-on development for the projects, individuals and emerging leaders that are pushing the industry forward. It’s no secret that starting and successfully launching a blockchain project is hard. When it comes to an ever-evolving and complex…

Almost half of all people working in the blockchain industry are employed by cryptocurrency exchanges, new research from industry-focused publication The Block reveals. The Block published the research results on Oct. 23, stating that 42% of people at 158 analyzed companies work for digital currency exchanges, with around 7,700 people combined working at 30 different…