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Making Bitcoin Unstoppable Part One: Mesh Nets

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It’s time we stop asking for permission. Build a mesh net and make Bitcoin unstoppable.

This article originally appeared in Bitcoin Magazine’s “Censorship Resistant Issue.” To get a copy, visit our store.

In June 2020, people in Ethiopia faced an unpleasant surprise; following unrest caused by the killing of musician and activist Hachalu Hundessa, the Ethiopian government successfully ordered a shutdown of the internet. For close to a month, over 100 million people were cut off from all internet services.  Read more...

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Five Years in the Making, Bisq Exchange Launches Its Bitcoin DAO

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Bisq

Decentralized autonomous organizations (DAOs) are one of crypto's more novel and ambitious applications — one that Bitcoin, until recently, has had nothing to do with.

In practice, they're a bit younger than Bitcoin forks and older than smart contract-focused blockchains. The idea is that you can devise a decentralized governance system using the blockchain's cryptographic controls — rule of code, so to speak. Using tokenomics and technical schemes, the DAO affects certain laws over its participants, incentivizes them to play by the rules and encourages the community to hold itself accountable.  Read more...

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Decentralized Protocols Are Making It Easier Than Ever to Gamble With Cryptocurrency

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Americans wagered $ 140 million on the 2017 Super Bowl, but if sports betting was legal nationwide, that figure would have been closer to $ 5 billion, it’s believed. Save for a handful of states such as Nevada, sports betting is outlawed in the U.S., though a Supreme Court ruling last year looks set to change that. In the meantime, decentralized protocols are making it easier than ever for cryptocurrency users to bet on a range of events including the Super Bowl.

Also read: New Hampshire House Subcommittee Approves Bitcoin for Taxes Bill  Read more...

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Charlie Lee Is ‘Focused’ on Making Litecoin (LTC) a Privacy Coin in 2019

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The excitement surrounding privacy coins has surged in recent weeks following the sequential launches of two of the first Mimblewimble coins, Beam (BEAM) and Grin (GRIN). This excitement could soon hit new levels after a tweet this week by Litecoin (LTC) founder Charlie Lee revealed the altcoin is now focused on adopting Confidential Transactions for enhanced fungibility. Fungibility is the […]
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What Crypto Winter? Blockchain Developers are Still Making a Killing

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Blockchain developers are now earning more than they were six months ago, according to a survey-based report by Computer World. In the course of the last six months, the annual pay for blockchain developers in the highest bracket increased by over US$ 4,000, as per the survey which was conducted by management consulting firm Janco Associates.

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Cryptocurrency Creditors Making a Killing Despite Bear Market

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Cryptocurrency creditors have been able to find profits from selling to two types of borrowers: die-hard crypto believers— who expect the market to rebound strongly and institutional investors—who need to get digital assets for short selling. The downturn in the crypto market that saw cryptocurrencies lose more than half of their values have continued into

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Year of the Bear: Making Sense of the Bitcoin, Stock Market Downturns

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The sell-off in US stocks which began in October is establishing 2018 as the worst year the market has encountered in a decade. As of December 28, the S&P 500 index was down about 7 percent on the annual and 15 percent from its high. Other indexes, including the Dow Jones and the Nasdaq, also

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Is Dogecoin Making A Comeback?

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In every market slaughter, there are some winners. Those with sell orders over 50 satoshi on Dogecoin may have noticed their sales went through recently. Demand for Dogecoin has seemingly picked up whilst the rest of the market was on a sell frenzy. The Dogecoin price went up about 6 Satoshi in the last 48 hours,

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A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

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A Bug Making Ethereum Transactions on Exchanges Vulnerable Has Been Fixed

A bug centering around a new Ethereum token, GasToken, which was enabling abuse on cryptocurrency exchanges, appears to have been resolved. The details are provided in a report originally published on November 13, 2018, that discussed how the bug was exploited by attackers, and what digital platforms could do if they wished to protect their hot wallet funds.

It was unclear which exchanges could or could not be affected by the bug. Thus, private disclosures were issued to “as many exchanges as possible” according to a Medium post. While it was determined that most of these exchanges were not in any danger, all vulnerable exchanges have since instilled the proper protections. At press time, the bug is no longer considered a threat.  Read more...

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Bitcoin Is Making People Crazy

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The office for the Manhattan District Attorney has just uncovered some violent footage of a group of young males who have been charged with one count of second-degree burglary for torturing their friend who happens to be an investor in cryptocurrency.

The young men, starting torturing their so-called friend in order to get his login details for his crypto wallet.

The security footage which was discovered showed 29-year-old Steven Dron, 25-year-old, Chris David and Stephen Orso and 19-year-old David Leica who had escorted their friend Nicholas Truglia to his luxury apartment on 7th September this year and tortured his to get access to his personal crypto details.  Read more...

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Making History: CoinJoin Developer Sends Largest-Ever Anonymous Bitcoin Transaction

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CoinJoin is a method of anonymizing bitcoins that developer Gregory Maxwell came up with in an effort to help bitcoin users remain anonymous. The idea is simple: when two users both want to make a transaction, if they make the transactions together, their information remains private or at least very hard to discern. On yesterday’s

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Ninjapromo to the Rescue: Making Your ICO Great

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This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned

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Gaming Is Making WAVES In The Crypto Space

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The potential that blockchain has for gaming seems never-ending. The gaming world and blockchain, if they were to work together, could see endless possibilities. This is why so many crypto projects have entered the gaming space. This includes Ethereum which introduced their game CryptoKitties and seems to have got a popular fan base surrounding it too.

The first game on the TRON blockchain was recently introduced to thanks to BitGuild. BitGuild is focused on ownership of assets with an aim on gaming to let users own assets and have proof of scarcity thanks to the blockchain so that users can know the true value of assets and create a safe ecosystem for trading assets.  Read more...

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Robinhood Is Making Millions Selling User Order Data to High-Speed Traders

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Robinhood, the popular commission-free trading app that launched as a change of pace startup company in the wake of the 2008 financial crisis, has an antithetical underbelly that was just brought to light. According to a report by Bloomberg, Robinhood makes more than 40% of its revenue by selling its user order data to high-frequency […]
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Ripple & Trump Making New Ground

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The new Chief Market Strategist at Ripple, Cory Johnson has been working at the company for just under a year now, however, in a recent interview with BreakerMag the crypto-San Francisco based company is in regular discussions with Trump’s administration.

When Johnson was asked about the current crypto space and the administration’s research on Ripple’s products: he said:  Read more...

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Fake Facebook Bitcoin Ads Making People Suicidal

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Fake Facebook Bitcoin Ads Making People Suicidal

The fake Facebook Bitcoin ads have scammed people out of thousands and have been destroying lives. The English millionaire – who made his money off consumer advice – Martin Lewis has begun to sue Facebook over these ads trading off his trusted reputation. He said he has been told stories of people’s savings being completely wiped from their lives and leaving some feeling suicidal.

Lewis wants Facebook to improve its process for dealing with ads which are scams and put things right for who have lost money from them as well as apologising to the victims.  Read more...

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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

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Week in Review

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

Also in regulation, a New York judge issued a ruling this week that, if held up by a jury in court, could set a legal precedent for ICOs as securities; in other courtroom drama, the space’s longest running suit — between two of its biggest players — draws to an undisclosed close.

All the while, institutional-grade products and services continute to come to light.  Read more...

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Robinhood is Making Millions Selling Users’ Data to Financial Companies

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No Such Thing as a Free Lunch: Robinhood User Info Sold

The low-cost Robinhood investing app popular with millennials makes up for the lost profits of commission-free trades by selling users’ data to other financial companies.

What’s the Logic of Robbing Peter to Pay Paul?

A Second Quarter SEC filing shows that Robinhood Financial (Robinhood) is actually making millions of dollars from selling users’ data to high-frequency trading (HFT) firms. Recall, this is the same company that espouses values of ethical trading practices that benefit the common man instead of fleecing customers to provide a quick buck for Wall Street traders.

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Bitcoin as a Privacycoin: This Tech is Making Bitcoin More Private

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Bitcoin as a Privacycoin: This Tech is Making Bitcoin More Private

Ever since its inception Bitcoin has never really been private. Although Satoshi Nakamoto’s white paper suggests privacy was a design goal of the protocol, government agencies, analytics companies and other interested parties — let’s call them “spies” — have ways to analyze the public blockchain and peer-to-peer network, to cluster Bitcoin addresses and tie them to IP addresses or other identifying information.  Read more...

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Charlie Lee Tweets About Making Litecoin (LTC) a Privacy Coin

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Charlie Lee, the founder of Litecoin (LTC), is currently considering adding privacy functionality to bring true fungibility to the popular altcoin. Fungibility is the one and only feature of sound money missing from Bitcoin and Litecoin. Do you support adding a privacy feature to Litecoin? If so, which do you prefer and why? — Charlie Lee [LTC⚡] […]
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