Day: January 26, 2019

Threatening Calls After Critical XRP Report Were Made by ‘Punk Kids’

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Ryan Selkis, the CEO of cryptocurrency analytics firm Messari, has allegedly received threats after his company published a critical analysis of Ripple (XRP) cryptocurrency. Selkis made this claim in a tweet posted on Jan. 24. Research firm Messari published a report on Jan. 24, claiming that the market capitalization of XRP is likely overvalued by $6.1 billion. The company reportedly based its analysis on data from cryptocurrency exchanges and third party cryptocurrency data services. Following the publication, the CEO and founder of Messari, Ryan Selkis, posted a tweet alleging that…

How Countries Have Been Classifying Crypto Across the World

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On Jan. 23, the United Kingdom’s Financial Conduct Authority’s (FCA), the domestic financial regulator, released a 50-page-long consultation paper dubbed “Guidance on Cryptoassets.” As the U.K. seems to be moving closer toward rolling out a definitive regulatory framework, it is time to reassess how other crypto markets, specifically the major ones, are dealing with cryptocurrencies on the juridical level. “Guidance on Cryptoassets,” reviewed: How the U.K. is going to deal with virtual currencies Given the tone of the new FCA paper, the U.K. government seems to be leaning toward a…

Bitcoin Stays Over $3,600 as Most Top Cryptos See Slight Gains

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Saturday, Jan. 26 — most of the top 20 cryptocurrencies are reporting slight gains on the day to press time. Bitcoin (BTC) is hovering over $3,600 again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is seeing no significant price change on the day, trading at around $3,607, according to CoinMarketCap. Looking at its weekly chart, the current price is lower than $3,745, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ripple (XRP) has seen its value undergo little change in the…

2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up

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Distributed ledger technology provider R3 has carried out an extensive internal reorganization, resulting in the departure of two members of its management committee, CoinDesk has learned. Brian McNulty, a managing director and head of global services, and Lauren Carroll, chief administrative officer, are leaving the company, R3 told employees at town hall meetings Friday, according to people familiar with the situation. An R3 spokesperson confirmed the internal reorganization, which he said will include an expansive hiring program for 2019, but declined to comment on individual staff departures. Neither McNulty nor Carroll…

Blockchain is ‘No Better Than an Excel Spreadsheet’

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Nouriel Roubini, a notorious cryptocurrency critic, has stated that blockchain is “no better than an Excel spreadsheet” during a panel hosted by crypto exchange LaToken on Jan 25. Roubini is also known for having predicted the 2008 financial crisis, earning him the moniker of Dr. Doom. Speaking during a panel at the Blockchain Economic Forum in Davos, Roubini defined blockchain as “the most overhyped technology ever,” while noting that Bitcoin and other cryptocurrencies are the mother of all bubbles. He also pointed out during the talk that blockchain and crypto…

TRX—LTC Flap Likely, Weiss Ratings Endorsement

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Tron price is up 16 percent from last week’s close Weiss Ratings endorse Tron, says platform popular Transaction volumes thin despite increasing volatility Of all the coins in the top 10, TRX is the most attractive. It is leading the recovery and up 6.7 percent in the last day. Part of this is because of supporting fundamentals—BTT crowdfunding and dApp dominance and not forgetting Weiss Ratings endorsement. Tron Price Analysis Fundamentals It is streams of good news. Not only is Tron increasingly becoming popular, but their dApps dominate. According to…

Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia

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Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings. BRD will use the funds to scale its operations into the Asian market. “It’s very gratifying to see such a significant financial institution as SBI validating BRD’s technology and business model through a strategic investment during an otherwise difficult time for the industry, and we believe it’s precisely these attributes about…

BetterHash Protocol Lets Pool Miners Regain Control Over Their Hash Power

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One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them. His BetterHash Mining Protocol is intended to significantly decrease the problems associated with mining pool centralization. What Are Mining Pools? First, it is important to understand there are different types of miners on the network. For the purpose of this article, we’ll refer to a “solo miner” as someone who mines alone, a…

Graftroot: How Delegating Signatures Allows for Near-Infinite Spending…

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This article is a direct follow-up from our Taproot explainer. If you haven’t read that article, you should probably do so first. If Taproot is deployed on Bitcoin, many smart contract constructions will look just like regular transactions on the blockchain. As long as all participants agree on the outcome of the contract — a “cooperative close” — the clever combination of Schnorr and MAST offers both data efficiency and privacy. However, if a Taproot smart contract is complex enough — that is, if there are many potential outcomes —…

A new point-of-sale (PoS) app released by Zap allows merchants to…

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A new point-of-sale (PoS) app released by Zap allows merchants to independently accept transactions on the Lightning Network. Jack Mallers, the founder of Zap, described some of the properties of this new app on a recent Twitter thread. Mallers also spoke with Bitcoin Magazine to elaborate on some of the inner workings of the project. Zap’s new PoS protocol was recently put to the test at a Chicago cocktail lounge, uploading the menu onto the app and allowing customers to use a QR code for tipping. Mallers built a device…