Bitcoin Researcher Drums Up Academic Interest in Erlay Protocol

In November 2019, Gleb Naumenko, co-author of the Erlay protocol and Bitcoin researcher at Chaincode Labs, came to London to present at the ACM conference 2019.  The ACM conference is one of the premier conferences on computer and communications security. It brings together “security researchers, practitioners, developers and users from all over the world.” Naumenko’s appearance was a rare recent example of Bitcoin research being covered at a conference focused on broader topics than exclusively cryptocurrency (or “blockchain”).  As Naumenko himself has said, there are numerous benefits to getting individuals…

Remembering Tamás Blummer, Pioneering Bitcoin Developer

Tamás Blummer, a Bitcoin developer since 2012 and founder of several groundbreaking Bitcoin-focused projects, reportedly passed away on January 12, 2019, after a long fight with cancer. Among Blummer’s contributions to the Bitcoin ecosystem were Rust Bitcoin, a project focused on creating a Bitcoin network library written in the Rust programming language; CoinTerra, an early ASIC miner manufacturer; and Bitcoin technology company Bits of Proof, which was acquired by decentralized finance company Digital Assets Holdings, where Blummer served as the chief ledger architect. “RIP @TamasBlummer,” tweeted Adamant Capital partner Tuur…

Ripple (XRP) Price Testing Last Line Of Defense: Here Are Key Reversal Levels

Ripple is down more than 4% after it was rejected near $0.2450 against the US Dollar, similar to bitcoin near $8,900. XRP price is now approaching the key $0.2230 and $0.2200 support levels. Ripple price declined steadily after forming a short term top near $0.2451 against the US dollar. The price is down more than 8% from the recent high and it is now well below $0.2320. Recently, there was a break below a key triangle support at $0.2234 on the hourly chart of the XRP/USD pair (data source from…

Meet the DC Advocacy Org Helping Put Blockchain on the US Military’s Radar

Later this year, the U.S. Department of Defense (DoD) will give a report to Congress about ways in which blockchain technology might enhance the work of the U.S. military. The D.C.-based Value Technology Association (VTA) helped lead the charge in requiring DoD to put together such a hearing, VTA President Jason Brett said in a video interview with CoinDesk at the Consumer Electronics Show (CES) in Las Vegas last week. “What our Value Technology Foundation worked on was a blockchain briefing,” Brett said. “We wanted the military to look at…

Here Is Why Dips In Ethereum Could Be A Trap By The Bulls

Ethereum rallied towards $170 and bitcoin jumped towards $9,000 before starting a downside correction. However, dips in ETH price remains supported near $158 and $155. Ether price started a downside correction the new 2020 high at $172 against the US Dollar. The price is currently trading below $165 and it could extend its decline. There is a major declining channel forming with resistance near $165 on the hourly chart of ETH/USD (data feed via Kraken). The pair could test the key $155 support area before it starts a fresh increase…

More Bitcoin Scam Ads With Martin Lewis on Instagram — Can We Get a Filter for That?

Suspected crypto con artists are once again using the likeness of British financial expert Martin Lewis to defraud unsuspecting victims. In 2019, Lewis settled a defamation suit against Facebook for similar Bitcoin (BTC) scam adverts. Instagram says deceptive advertisements have no place on its platform and plans to continue improving its detection protocols for such content. Social platforms have been known to censor crypto-related content, instituting blanket bans on crypto ads on several occasions. However, Facebook has recently relaxed this policy amid the roll-out of its own digital currency project. The social media…

NBA’s Kings Continue Reign Over Crypto-Fan Collab with Live Auction Platform

Though their market is small, their reach is mighty. The National Basketball Association’s (NBA) Sacramento Kings are at it again and will tip off a live auction for gear with a blockchain-based app.  On Jan. 15, the team announced its new live auction platform with blockchain development firm ConsenSys. Starting tonight, fans can bid live on in-game sports gear. The platform reportedly authenticates auction items, patching problems that have long bedeviled gear-hungry fans.  How it works Fans anywhere can bid on game-worn gear with the new Kings + Golden 1…

Swiss Real Estate Company Closes A $134 Million Deal Using Blockchain

A building on the prestigious Banhofstrasse in Zurich, Switzerland was successfully tokenized and sold on the blockchain today. The new owner of the building is Swiss real estate investment company BrickMarket. The company has issued bond-backed crypto tokens that figuratively represent “shares” of ownership in the building,. Those tokens are for sale to individuals who want to cut themselves in on earning some of the building’s rental income and benefit from any rise in the property’s value. Here’s a Google Street View image of Banhofstrasse 52, the building in question.…

Kraken Acquires One of Australia’s Longest-Running Crypto Exchanges

U.S.-based Kraken announced its plans for expansion into the Asia-Pacific (APAC) region on Tuesday after acquiring one of Australia’s longest-running cryptocurrency exchanges, Bit Trade. Kraken is aiming to position itself as the premier cryptocurrency service within the region, identifying Australia as a key growth area for retail and institutional clients. The financial terms of the deal were not disclosed. Its acquisition of Bit Trade, a platform that combines liquidity from several exchanges into one interface, signifies a major step into the APAC region by offering local customers access to Kraken’s…

Venezuela’s Maduro: Airlines Must Use Petros to Pay for Fuel

Venezuelan President Nicolas Maduro has declared all flights out of the country must use the oil-backed petro cryptocurrency to pay for fuel. In his annual speech to the Venezuelan Constituent Assembly, Maduro announced the state-owned oil company, PDVSA, would only accept petro for fuel sold to airlines. “I decree the sale of all fuel sold by the PDVSA for planes operating international routes be made in petros from now on,” he said. It’s uncertain whether the new restrictions apply exclusively to the capital’s Simón Bolívar International Airport, or whether airlines…