JUNE 28 2019 — Standard Tokenization Protocol, a globally compliant open-source standard and decentralized network for the tokenization and issuance of any asset, announced today the launch of a new “Proof of Business” (PoB) program that will enable companies to stake STPT tokens and earn staking rewards. Through STP Network’s PoB program, any company or […]
In this episode, Dave and Grahm sit down with Jameson Lopp to discuss his recent op-ed, which appeared on BitcoinMagazine.com on May 8, 2019. “How Many Wrongs Make a Wright” is a comprehensive investigation into Craig Wright and his questionable claims of being Satoshi Nakamoto, the creator of Bitcoin.
This episode is also on:
On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves. The Bitcoin development company has submitted a Bitcoin Improvement Proposal (BIP) to the bitcoin-dev mailing list for consideration.
Blockstream stated that it is “open-sourcing the development of the tool for feedback from the industry.” Citing high-profile hacks as a reason why such services would be in demand, Blockstream is hoping to create a “best-practice standard Proof of Reserves for the industry, that offers broad compatibility with the way most Bitcoin exchanges are storing their users’ funds.”
Blockchain startup Blockstack has revealed the company is in the midst of developing a new distributed ledger protocol called Stacks, a chain that leverages the hash power from the Bitcoin Core (BTC) network. Not only is the Stacks network secured by over 45 exahash of distributed hashrate, but its consensus algorithm also burns BTC by using a mechanism known as proof of burn (PoB).
New data reveals consumer confidence has plunged to its lowest level in two years. Historic data suggests the US stock market ignores government shutdowns. However, none have continued for so long, and falling consumer sentiment is a key indicator of an economic downturn. Ongoing Government Shutdown Will Affect the US Stock Market Consumer sentiment is
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A bitcoin exchange in Singapore reported on January 3 that on New Year’s Day their data center experienced a “fire.” Fears of an exit scam began to mount. According to them, this fire results in 7% of users losing access to their accounts. The events coincided with the first annual Proof of Keys event. BiteBTC.com
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HitBTC are apparently not the only ones who are “failing” the Proof of Keys event today. The event is intended to prove the Bitoin solvency of each exchange. Every user is encouraged to withdraw all Bitcoin to private keys that they control. However, according to Trace Mayer and the Proof of Keys’ event’s official page,
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Cryptocurrency exchange HitBTC has frozen its customers’ accounts ahead of an annual proof of keys event, according to multiple sources. On December 31, 2o18, the company responded to an open complaint on Reddit after the user accused them of suspending his withdrawal requests. Redditor PEDXS said that he had dutifully passed the know-your-customer test after
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In this latest roundup of crypto chatter from social media, Vitalik Buterin sparks debate by declaring that he doesn’t believe in proof of work. Also, developer Rhett Creighton is accused of foul play in the Bitcoin Private pre-mine scandal. Finally, Chris Pacia clarifies his stance on large block limitations.
Vitalik Doesn’t Believe in Proof of Work
Ethereum founder Vitalik Buterin turned a lot of heads recently when he tweeted to Bitcoin maximalist Giacomo Zucco that he doesn’t “believe in proof of work.”
I don't believe in proof of work!
Trace Mayer is calling for all bitcoiners to participate in a “Proof of Keys” celebration on Genesis Block day. “Not your keys; not your bitcoin,” he emphasized, urging bitcoiners to declare monetary sovereignty by withdrawing all of their bitcoins held with trusted third parties to software for which they control the private keys.
Proof of Keys
Early Bitcoin promoter, investor and podcaster Trace Mayer is hoping to inspire the community to take their bitcoins out of exchanges and third-party wallets on Genesis Block day.
Top-three cryptocurrency exchange Bitfinex is pushing back against claims that call its solvency into question.
The Hong Kong-based company released a blog post on October 7, 2017, that states, contrary to recent rumors, it is not insolvent. In its defense, the company provides links to its public wallet addresses, stating that hearsay in spite of these publicly verifiable records is “perhaps indicative of a targeted campaign based on nothing but fiction.”
Amid regulatory uncertainty, the ICO industry has all but cut off retail investors. But will a new model open it up again? Civil is testing it.
What’s the best that can happen? That’s the focus of Fetch.ai in the realm of artificial intelligence (AI).
Episode 025 of the What Bitcoin Did podcast featured a wide-ranging conversation between host Peter McCormack and Fetch co-founder/CTO Toby Simpson about both best-case and worst-case outcomes for AI. But it wasn’t all speculation: developments with Fetch in the here and now provided plenty of insight into the ever-increasing interconnection between AI and decentralization.
DNotes Global, Inc. announced on Friday that an experimental Proof of Concept for its DNotes Pay automated online payment tool is now available for download and testing. The new payment system is a streamlined, simplified, and user-friendly tool that provides automatic payment, confirmation, and delivery of digital products.
“DNotes Pay is a next-generation online payment solution that brings the power of convenient, low-cost merchant transactions to everyone around the world,” according to DNotes Global co-founder and CEO Alan Yong. “Until now, individual sellers have struggled to manage the expense and complications involved with traditional merchant payment systems. DNotes Pay is designed to offer a more inclusive solution and greater self-empowerment and opportunity for people everywhere in the world.”
Zcoin, a privacy-focused asset, is launching a working version of MTP v1.2 (Merkle Tree Proof) — an ASIC-resistant proof-of-work (PoW) algorithm — on its testnet. Chinese mining conglomerate Bitmain had recently announced the release of an ASIC designed for mining the similar, privacy-based cryptocurrency Zcash, which ultimately led to some concerns in the cryptocurrency space, and Zcoin is looking to offer reassurance.
Founded in September of 2016, Zcoin was constructed to tackle decentralization and privacy issues on the blockchain. It was also the first currency to implement the Zerocoin protocol and provide financial privacy by using zero-knowledge proofs.
First it happened to verge. $ 1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $ 18m double spend attack. Then to verge again, this time to the tune of $ 1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through Proof of Work coins, controlling their hashrate, and then launching 51% attacks. Other PoW teams are now on high alert for signs that their coin could be next.
Blockchain identity verification platform Civic has emerged from Consensus 2018 with clear progress and updates for its identity attestation technology.
The project imagines a network of validators and service providers who work together to verify individual identities. A new platform user would submit relevant identity information to a validation smart contract, which the validator would then review for approval. If approved, the validator would store references to this information on the blockchain, attesting to its validity. Anytime the corresponding user needs to submit identity information to another service provider (a bank, government agency, etc.), that service provider could request the validator to cross-check the user’s information with the blockchain’s attestations to verify their identity.
Payments Canada, the Bank of Canada, TMX Group and Accenture have shown — through their collaboration on Project Jasper — that it is feasible to instantaneously clear and settle securities on-ledger, and have demonstrated for the first time that both central bank cash and assets can be tokenized to complete instant equity settlements via distributed ledger technology (DLT).
Payments Canada owns and operates the country’s payments clearing and settlement infrastructure, and works to ensure the privacy and security of Canada’s financial transactions. Every day, the company processes roughly $ 200 billion in payments, while the Bank of Canada — the country’s central bank — instills monetary policies to lower inflation and promote financial stability.
Proof of Trevon James, or PoTJ is an ERC-20 token launched a little over a week ago. It’s named after Trevon James, a cryptocurrency youtube influencer. Most people know him from his youtube channel which has over 120k subscribers, he is also a defendant in the Bitconnect class action lawsuit, which is still underway.
The Proof of Trevon James Tewken
The project was created by a friend of Trevon who goes by the name SpydrZero. After finding out about PoTJ, Trevon himself decided to join the project and promote it on his channels.
International insurance broker Marsh is working with IBM to develop a commercial blockchain solution that will allow businesses to certify that the contractor they are about to hire has the proper, up-to-date insurance coverage necessary to begin work.
The solution will be built on Hyperledger Fabric, an open-source permissioned blockchain framework, using IBM Blockchain Platform, a cloud-based blockchain application development solution, Marsh said in a statement yesterday, April 16, 2018.
Insurance standards organization ACORD will provide input on the project, and Dallas-based ISN Software Corporation, which supplies contractor and supplier management services, will be the first client to use the new solution.