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On October 2, Ripple Labs announced the integration of RippleNet into OnePay FX, a mobile application for cross-border payments developed by $ 80 billion banking giant Banco Santander. The strategic partnership between Ripple Labs and Santander was announced in March of 2018, but at the time, the intricacies of the collaborative work between the two companies … Continued
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Bitcoin Jesus and Bitcoin Cash representative, Roger Ver, has been coined as a fraudster once again as a result of his and his websites move to try and deceive new investors into thinking Bitcoin Cash is the real Bitcoin.
Now, without getting too deep into the Bitcoin Core vs Bitcoin Cash argument (we’re not on anyone’s side here), we see two clear investment opportunities for new investors, one called ‘Bitcoin’ and one called ‘Bitcoin Cash’.
Decisions by the U.S. Securities and Exchange Commission (SEC) appear to have put a temporary damper on the current Bitcoin rally. Does the quick recovery to $ 8,250 mean the bull reversal is still intact?
BTC 00 dipped to $ 7,900 on the recent denial of the Winklevoss brothers Bitcoin ETF application, and the postponement of Direxion BTC ETF decision by the SEC, but it’s clear that current events were not the sole factor for this mild pullback. As Bitcoin rallied to new monthly highs it also became oversold but the king of cryptocurrencies recovered quicker than expected and now appears to be gearing up to retest the 200-day MA at $ 8,476.
Researchers from the University of Pennsylvania have found that a significant number of ICOs retained centralized control through undisclosed code.
The full paper, titled Coin-Operated Capitalism and published on July 18, is an “interdisciplinary effort spanning law, economics, and computer science,” according to University of Pennsylvania Law Professor David Hoffman.
The researchers looked at the top fifty ICOs which raised a total of $ 2.6 billion USD in revenue with the notional initial market cap of $ 3.8 billion. “We looked at the top fifty ICOs from 2017 taking into account every white paper, T&C and prospectus, every available piece of code, and every social media post we could get our hands on,” says Hoffman.
On July 19, a group of interdisciplinary researchers from the University of Pennsylvania, with guidance from the esteemed Penn Law professor David Hoffman, published an in-depth study of initial coin offerings (ICOs) that promise innovative concepts like autonomous governance and operate by the belief that ‘code is law’. However, most of the ICOs the group researched failed to match the original contractual promises and the so-called ‘trustless trust’ offered by these projects had very little merit.
Brad Garlinghouse — CEO of San Francisco-based real-time gross settlement system, currency exchange, and remittance network Ripple — believes Bitcoin is “not going to be the panacea that people once thought it would be,” and that his company’s in-house cryptocurrency, XRP, is superior. At the same time, however, he believes the cryptocurrency space will see many winners once the dust finally settles.
‘There will be many winners’
In an interview with CNBC earlier this week, Garlinghouse shared his opinions on Bitcoin and its supposed inability to solve a wide range of problems. Explained Ripple’s CEO at the Money 20/20 fintech conference in Amsterdam:
The Russian government has officially provided a response to the bill that seeks to outline the legal framework for cryptocurrencies. Many flaws and inadequacies were pointed out including unjustified restrictions on Russian residents and foreign investors.
Response to Crypto Bill
The Russian government published its official response on Saturday to the draft federal law no. 419059-7 “On Digital Financial Assets” which aims to regulate cryptocurrencies, crypto mining, as well as initial coin offerings (ICOs).
According to a new poll, many British people have little or no idea what cryptocurrency really is. Terms like “blockchain” sound familiar, but often in completely different contexts. The authors of the study have compiled a “Techionary” to acquaint the public with some common acronyms and buzzwords.
Crypts and Toilets
The survey has revealed that a great number of British citizens may have an entirely wrong idea about basic crypto-related terms. It shows that despite the growing popularity of cryptocurrencies, some Brits may still be completely unaware of their existence.
Any programmer who has ever sat down to build a DApp at one point has had to think about the limits of current public blockchains, the most important and obvious one being their limited throughput, i.e., the number of transactions processed per second. In order to run a DApp that can handle real-world throughput requirements, blockchains must become scalable.
One answer to blockchain scaling is sharding. Sharding promises to increase the throughput by changing the way blocks get validated by the network. The key feature of sharding that makes it unique among all (on-chain) scaling solutions is horizontal scaling, i.e., the throughput increases as the mining network expands. This particular characteristic of sharding may make it the ideal fuel to spur rapid adoption of blockchain technology.
Operators looking to move their Bitcoin mining business to Quebec may be out of luck as the Canadian province is giving a cold shoulder to many of them.
The fact that a number of countries, such as China, are cracking down on cryptocurrency mining has led to many operators looking for greener pastures elsewhere. One such pasture is located in Canada, the province of Quebec to be precise, which features cheap power for crypto mining. However, the region is giving a cold shoulder to many looking to relocate their Bitcoin mining operations there.