China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

China Round-Up: Bitmain, Canaan and Ebang Receive ‘Unicorn’ Valuations, Number of DLT Companies Explodes

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In recent cryptocurrency news from China, three cryptocurrency mining hardware manufacturers have been valued at more than $1 billion USD, Bitmain has supported the launch of a research center for digital financial assets at Tsinghua University, and more than 3,000 companies were found to have registered blockchain-themed business names during the first half of 2018.…

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

Research: Quantum Computers Can Decipher Private Keys of Cryptocurrencies

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Immutability and difficult-to-solve algorithms are the main attractions for cryptocurrencies like Bitcoin apart from potentially creating a new financial system. However, recent research suggests the underlying technology may not be as resilient as perceived. Quantum Computing Threatens Bitcoin On July 16, 2018, academic outlet The Conversation highlighted a method utilizing powerful quantum computers to decipher Bitcoin’s…

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

New Electricity Tariffs Introduced for Cryptocurrency Miners in Upstate New York

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Cryptocurrency miners face newer tariff rates in New York after the city’s State Public Service Commission (PSC) approved new rules qualifying high-density load customers under an individual service agreement. Mining Qualifies Under Service Agreement As reported by Bloomberg on July 13, 2018, the PSC introduced the latest electricity bill for the Massena Electric Department, entailing all…

Coming Soon: The Sirin Labs $1000 Cryptocurrency Focused Phone

Coming Soon: The Sirin Labs $1000 Cryptocurrency Focused Phone

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The burgeoning cryptocurrency market is distinct with exchanges, payments, and wallet businesses, with only few other implementations. However, the smartphone market is seemingly catching on, as Israel-based Sirin Labs announced a cryptocurrency-powered phone on July 11, 2018. The “Finney” Termed “Finney,” in homage to Bitcoin evangelist Hal Finney, the latest Sirin Labs phone is priced…

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

Bitcoin Lightning Capacity Rises 68% in 1 Month, Progress in Scaling and Micropayments

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The capacity of the Lightning Network, a micropayment channel that is compatible with Segregated Witness (SegWit) and a layer two scaling solution deployed on top of the Bitcoin protocol, has increased by 68 percent in the past 30 days. Irek Zielinski, a software developer, and Bitcoin researcher, revealed the total sum of micropayment channels on…

A Look at the Long and Annoying Process of Claiming Bitcoin Forks

A Look at the Long and Annoying Process of Claiming Bitcoin Forks

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Over the past year, there has been a lot of forked coins based on the Bitcoin Core (BTC) codebase in various forms and with all types of interesting names. There are anywhere between 40-70 forked coins in the ecosystem that are worth a few bucks, while some of them are worthless and not worth the…

IBM Secures $740 Mln Deal to Upgrade Australian Gov’t Data Security with Blockchain

IBM Secures $740 Mln Deal to Upgrade Australian Gov’t Data Security with Blockchain

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Blockchain integration grows more prolific, as companies, educational institutes, and governments realize its solutions to various inefficiencies. IBM signed an A$1 billion (~$740 million) deal with the Australian government to upgrade data security systems using blockchain technology. Estimated $100 Mln In Savings Over Five Years International Business Machines Corp. (IBM) signed a five-year contract to…

How Smart Contracts and Stablecoins will Reshape Escrow

How Smart Contracts and Stablecoins will Reshape Escrow

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Escrow is a way to provide trust between a buyer and a seller in a transaction. In an online transaction, how can a buyer be certain the seller will deliver the product or service? Likewise, how can a seller be sure that the buyer will pay? Escrow solves this problem with a neutral third-party to…

What Crypto Investors Need to Know About Ethereum ERC777 – the New Advanced Token Standard

What Crypto Investors Need to Know About Ethereum ERC777 – the New Advanced Token Standard

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Many in the cryptocurrency space are already familiar with the original token standard launched for the Ethereum blockchain – ERC20 – but very few know about the new and improved, more powerful ERC777 standard. Jaycen Horton is the Chief Technology Officer of KryptoPal – a software development platform that enables traditional businesses to natively build…

Korean Government Launches Investigation into Crypto Hacks

Korean Government Launches Investigation into Crypto Hacks

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Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it…