How did Bitmain get to the multibillion investments
At the recent Distributed 2018 conference in San Francisco, Rick Lewis and Dave Hollerith from the Let’s Talk Bitcoin Network interviewed a host of different personalities in the blockchain space about digital privacy.First, the team interviewed David Chaum, one of the forefathers of cryptocurrency as we know it today. Starting from these humble beginnings, Chaum describes a brief history of the earliest days of digital money, as he built much of the enthusiasm for cryptography himself. His brief account of his work in the field gives a huge amount of insight into the culture and passion for privacy that eventually birthed modern cryptocurrency. Reuben Yap, chief operating officer of ZCoin, spoke about some of the cultural challenges in being the first real private cryptocurrency in Malaysia. Yap believes that the most important way to emphasize this concept of digital privacy to a skeptical audience is by putting the issue in financial terms. As Yap puts it, people expect a higher degree of privacy from banks regarding the value of their assets, and he believes that he can tap into this expectation on a greater scale. The platform of ZCoin ultimately seeks to give crypto financial systems an equal expectation of privacy that regular banks would, and this ambitious goal sets it apart.Finally, Patrick Byrne, founder and CEO of Overstock.com, talks about the path that led him to cryptocurrency as well as ...
Bearish Sentiment as derived from Bitfinex long and short position data in the Bitcoin market has rapidly advanced in the past week two weeks, with Short positions at the exchange doubling from 17k short to 34k in the price decline from $7,500 to $5,900, showing no immediate sign of slowing. At the same time, long positions have decreased to lows of 26k, meaning that the bears are outweighing the bulls by 30%. Bears Need NewRead MoreThe post Bitcoin Price LIVE: Mounting Bitcoin Shorts Precarious for the Bears appeared first on Bitcoinist.com.
Review.Network, having a total of 100,000 Beta Users, is scheduled to start its ICO on Sept. 1st, 2018 BELGRADE, SERBIA (Aug. 14th, 2018) – Review.Network, a blockchain-based startup that is focused on the enhancement of the review and market research sector, revealed today that it managed to successfully obtain $1.4 million (USD) from seed investors....The post “Yelp! Of Blockchain” Acquires $1.4M in Seed Investments for Broken Review Industry Improvement appeared first on Live Bitcoin News.
In recent news pertaining to initial coin offerings (ICO) regulations, an EU report has advocated the regulation of ICOs according to crowdfunding legislation, the governor of Korea’s Jeju Island wants his jurisdiction to become a special economic zone regarding cryptocurrencies and blockchain, and the U.S. SEC has warned consumers regarding the risks of self-directed Individual […]The post ICO Regulations Round-Up: Fundraising Law, Jeju Island, Self-Directed IRAs appeared first on Bitcoin News.
This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain. Mainstream interest is burgeoning, market capitalization for the industry has increased by over 5,900 percent, and the number of cryptocurrencies currently in circulation is at an all-time high. Up until recently, it seemed as if Ethereum would be one of the only platforms capable of fostering the mainstream adoption of blockchain technology. That is, until Cardano (ADA) appeared.While admittedly in its early stages, Cardano is already being labeled by some experts as a scalable solution to several of the inefficiencies created by Ethereum, which, some say, seems to be suffering from its own success. In recent months, the platform has been inundated with a slew of new decentralized applications (DApps) that are creating a bottleneck effect on the Ethereum blockchain. As famously portrayed by the meteoric rise of blockchain craze CryptoKitties, popular Ethereum applications require excessive bandwidth to remain afloat, which ultimately has a detrimental effect on network efficiency. And although ether’s hashrate is growing, it’s being far outpaced by the sheer number of projects being built on the blockchain.By contrast, Cardano has been specifically designed to handle high-volume transactions, operating on a first-of-its-kind ...
South Korea government says crypto exchanges will be excluded from legislation governing venture businesses
Within a period of two weeks, from August 1 to August 14, the price of Ether, the native cryptocurrency of the Ethereum network, dropped by 44 percent. In 14 days, the price of Ethereum plummeted from $470 to $260, reaching its lowest point in 2018 by falling below the $300 mark for the first time … ContinuedThe post Did ICOs Cause Ethereum to Drop by 44% in 2 Weeks by Dumping on the Market? appeared first on CCN
At press time, the father of cryptocurrency is trading for just over $6,000. This is about $200 less than where it stood during yesterday’s afternoon hours. The coin is continuing to fall deeper and deeper into red territory, though this price is an improvement over where it stood during the early morning, when it fell […]
A recent yellow paper by Vitalik Buterin simplifies and applies a 99 percent Byzantine fault tolerant algorithm for blockchains. ETHNews explains it in language you can understand (minus the math).