Online Cash Bitcoin Could Challenge Governments, Banks

Minimalist · May 25, 2017

IBM Study: Blockchain Adoption on the Rise

A new IBM study found that one-third of C-level executives are using or considering adopting blockchain technology in their organizations. The study found that executives hope to enable new transaction applications that could help establish trust, accountability and transparency among their organizations and partners.

Eighty percent of the 3,000 executives surveyed indicated that they were using or considering the technology either to develop new business models or in response to a financial shift in the industry. Furthermore, 71 percent of business leaders who are actively using blockchain believe that industry consortia play a key role in advancing the technology, suggesting widespread support for industry standards.
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https://securityintelligence.com/news/ibm-study-blockchain-adoption-on-the-rise/

ronjor · May 28, 2017

Blockchains are the new Linux, not the new Internet

by Jon Evans (@rezendi), Columnist

Cryptocurrencies are booming beyond belief. Bitcoin is up sevenfold, to $2,500, in the last year. Three weeks ago the redoubtable Vinay Gupta, who led Ethereum’s initial release, published an essay entitled “What Does Ether At $100 Mean?” Since then it has doubled. Too many altcoins to name have skyrocketed in value along with the Big Two. ICOs are raking in money hand over fist over bicep. What the hell is going on?
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Minimalist · May 29, 2017

Bitcoin Surge And The Future Of Digital Currency Post-WannaCry Ransomware Attack

Despite the connections to the recent WannaCry ransomware attack, bitcoin has surged to over $2500. This rise occurred after an announcement from the Digital Currency Group last week encouraging investors to invest in the future the bitcoin. The Digital Currency Group’s bitcoin scaling agreement is a significant step forward for the fintech industry and blockchain technology being used within the finance space.
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https://www.forbes.com/sites/madhvimavadiya/2017/05/29/bitcoin-wannacry-ransomware-attack

Minimalist · May 30, 2017

Victoria to explore blockchain across state economy

The Victorian government has joined the Australian Digital Currency and Commerce Association (ADCCA) in order to explore the impact and application of blockchain across the state economy.

Victoria's minister for small business, innovation and trade, Philip Dalidakis, said the government would look at blockchain beyond areas such as financial services, health and food sectors.
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https://www.itnews.com.au/news/victoria-to-explore-blockchain-across-state-economy-463514

lotuseclat79 · May 31, 2017

Cryptocurrency Might be a Path to Authoritarianism

Extreme libertarians built blockchain to decentralize government and corporate power. It could consolidate their control instead.
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-- Tom

Minimalist · Jun 1, 2017

Eight Reasons To Be Skeptical About Blockchain

And yet, aside from Bitcoin itself, real-world implementations of blockchain are few and far between. Has the hype exceeded the reality? Let’s see what a number of skeptics have to say.
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https://www.forbes.com/sites/jasonb...ight-reasons-to-be-skeptical-about-blockchain

lotuseclat79 · Jun 2, 2017

Bank of Canada finds flaws with current blockchain solutions

Not an option for underpinning payment systems at present
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-- Tom

ronjor · Jun 3, 2017

Ethereum Smart Contract Error Costs Cryptocurrency Exchange $14 Million

Jun 2, 2017 by Stan Higgins
According to social media posts and a subsequent statement from Vancouver-based QuadrigaCX, the issue had to do with a previously used "splitter contract" which was utilized to separate incoming ethers and classic ethers (another cryptocurrency that arose from a blockchain split last year).
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lotuseclat79 · Jun 8, 2017

First Quantum-Secured Blockchain Technology Tested in Moscow

Quantum computers pose a significant security threat to cryptocurrencies such as Bitcoin. Now a team of Russian scientists has worked out how to secure blockchains using quantum mechanics.
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-- Tom

lotuseclat79 · Jun 8, 2017

Bitcoin's Valuation is Confusing Currency Analysts

Bitcoin is gold for millennials. Or maybe it’s that generation’s fine wine and collectible art. Or just a bubble waiting to burst.
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-- Tom

Palancar · Jun 8, 2017

Not just millennials, LOL!

Minimalist · Jun 11, 2017

Bitcoin Only Needs to Survive, Security is Priority: Prominent VC Investor

Since its launch in 2009, Bitcoin’s two greatest features and characteristics have been its decentralized nature and security. Although Bitcoin is not as flexible as other Blockchain networks such as Ethereum, as a store of value and settlement network, it prioritizes security.
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https://cointelegraph.com/news/bitc...ve-security-is-priority-prominent-vc-investor

hawki · Jun 12, 2017

"Coinbase Crashes As Bitcoin, Ethereum Join FANG** Stocks Meltdown"

http://www.zerohedge.com/news/2017-06-12/coinbase-crashes-bitcoin-ethereum-join-fang-stocks-meltdown

**
DEFINITION of 'FANG Stocks'
FANG is the acronym for four high performing technology stocks in the market as of 2017 – Facebook, Amazon, Netflix, and Google (now Alphabet, Inc.).

Mrkvonic · Jun 12, 2017

There's no meltdown, just the usual monthly ******* of taking profits and forcing the prices down.
Mrk

Palancar · Jun 12, 2017

Scratching my head on your BTC graphs. Showing over 2800 just a few seconds ago. Way higher in some pockets on the globe.

hawki · Jun 12, 2017

Mrkvonic said: ↑

There's no meltdown, just the usual monthly ******* of taking profits and forcing the prices down.
Mrk
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The newsworthy point of posting here, if any, was that Coinbase crashed, not that bitcoin "crashed."

hawki · Jun 13, 2017

"Putin Meets With Ethereum Founder To Create National Virtual Currency...

...Putin met Ethereum's young founder Vitalik Buterin on the sidelines of the St. Petersburg Economic Forum last week and supported his plans to build contacts with local partners to implement blockchain technology in Russia, according to a statement on Kremlin’s website...

...Speaking at the Economic Forum, Putin said that "the digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business model" and discussed means to boost growth long-term after Russia ended its worst recession in two decades...

Russia’s central bank has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC, Deputy Governor Olga Skorobogatova said at the St. Petersburg event. She didn’t rule out using Ethereum technologies for the development of a national virtual currency for Russia down the road...

Adoption of Ethereum in Russia has been brisk also in the private sector: last week, Bloomberg reports that Russia’s state development bank VEB agreed to start using Ethereum for some administrative functions. Steelmaker Severstal PJSC tested Ethereum’s blockchain for secure transfer of international credit letters...."

http://www.zerohedge.com/news/2017-...reum-founder-create-national-virtual-currency

lotuseclat79 · Jun 13, 2017

Bitcoiners Are Freaking Out Over 'The Flippening'

Bitcoin is about to be overtaken as the world’s number one cryptocurrency.
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-- Tom

mirimir · Jun 13, 2017

The URL is bad

JRViejo · Jun 13, 2017

mirimir said: ↑

The URL is bad
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Corrected.

Minimalist · Jun 16, 2017

World’s Largest Bitcoin Exchange Bitfinex Crippled by DDoS

Bitfinex, the world’s largest US dollar-based Bitcoin exchange, is still suffering from the effects of a DDoS attack on its systems earlier this week, rendering IOTA deposits unavailable for users.

The exchange first tweeted it was under attack on Tuesday, just a day after it launched trading in IOTA tokens, crypto-currency based on a new distributed ledger technology that proponents believe is superior to Blockchain.
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https://www.infosecurity-magazine.com/news/worlds-largest-bitcoin-exchange/

Minimalist · Jun 19, 2017

Microsoft, Accenture Team up on Blockchain for Digital ID Network

Microsoft and Accenture use blockchain tech to build a digital ID network, which will help give legal identification to 1.1 billion people without official documents.
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https://www.darkreading.com/cloud/m...ckchain-for-digital-id-network/d/d-id/1329170

Minimalist · Jun 27, 2017

The Ether thief

SUMMER COLDS ARE the worst, and Emin Gün Sirer had caught a wicked bug from his 1-year-old son. So it was with watering eyes and a stuffy nose that the associate professor of computer science at Cornell found himself working from his sickbed on Monday, June 13, 2016. Gün—everyone calls him Gün—couldn’t tear himself away from his laptop. He had another type of bug in his sights, a flaw in a line of computer code he feared put $250 million at risk of being stolen.
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https://www.bloomberg.com/features/2017-the-ether-thief/

lotuseclat79 · Jun 28, 2017

Analyzing Ethereum, Bitcoin, and 1200+ other Cryptocurrencies using PostgreSQL

https://blog.timescale.com/analyzin...ryptocurrencies-using-postgresql-3958b3662e51

Cryptocurrencies are fueling a modern day gold rush. Can data help us better understand this evolving market?
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-- Tom

Minimalist · Jul 2, 2017

Classic Ether Wallet Hacked, Users Report Massive Losses

An unknown attacker has gained control over the web domain of Classic Ether Wallet, a client-side wallet system for the Ethereum Classic (ETC) cryptocurrency.

According to a Reddit thread, the attack took place around midnight between Thursday, June 29, and Friday, June 30, when the unknown hacker convinced the support staff at web hosting provider 1on1 to concede control over the official domain from its real owner.
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https://www.bleepingcomputer.com/ne...er-wallet-hacked-users-report-massive-losses/

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