Archive for December 8th, 2017

On the Shoulder of Giants: Lightning Network Protocol 1.0

December 8, 2017 | By | Reply | 255 Readers More
On the Shoulder of Giants: Lightning Network Protocol 1.0

“If I have seen further it is by standing on ye shoulders of Giants.”— Isaac Newton, 1675 On December 6, 2017, Lightning Developers, a medium.com publisher representing the three main parties (ACINQ, Blockstream, and Lightning Labs) that together are building the Lightning Network protocol, announced that Lightning Protocol 1.0 is operational. All tests were passed, […]

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Mark Fisher: Bitcoin is Mirroring Silver’s Price Behavior in Late 1970’s/1980’s

December 8, 2017 | By | Reply | 198 Readers More
Mark Fisher: Bitcoin is Mirroring Silver’s Price Behavior in Late 1970’s/1980’s

Mark Fisher, a renowned trader and CEO of MBF clearing Corp., made the comparison of bitcoin being much like the commodity silver during the 1970’s and 1980’s to CBNC on December 5. “Bitcoin was what silver was back in the late ’70s and ’80s, for sure.” Additionally, he said, “The reason people are so attracted […]

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Canadian Couple Spends Life Savings Building Bitcoin Mine

December 8, 2017 | By | Reply | 259 Readers More
Canadian Couple Spends Life Savings Building Bitcoin Mine

Canadian Dan Ingram appeared on CBC News this week to talk about his latest endeavor, a backyard Bitcoin mining operation. Seen pictured in front of several Bitmain S9’s, Dan claims that this is not a get rich quick scheme. He told CBC that if he wanted to get rich quick, he “would’ve just bought bitcoin, […]

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Revolut Catches The Bitcoin Bug: Offers Bitcoin and Cryptocurrencies Trading

December 8, 2017 | By | Reply | 263 Readers More
Revolut Catches The Bitcoin Bug: Offers Bitcoin and Cryptocurrencies Trading

With the constant surge in the price of bitcoin, the Blockchain technology-based cryptocurrency also has become quite ubiquitous. Bitcoin has proven it’s just irresistible and too hard to ignore for institutional investors, FinTech companies and to some extent government. Although Bitcoin has been in existence since 2009, when the anonymous programmer and cryptographer Satoshi Nakamoto […]

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Ripple Price Drop 13% after the company escrow 55 billion’s XRP

December 8, 2017 | By | Reply | 222 Readers More
Ripple Price Drop 13% after the company escrow 55 billion’s XRP

Ripple received a 13% drop after the start of Fintech showed he had put the 55 billion’s XRP pieces in escrow. Price of Ripple declined most of the week in decline, falling from 0.254 USD on December 1 to 0.222 USD this morning. But, shortly before 1:00 UTC, the buildup price went up to 0.272 […]

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Everipedia Set to Become the First Blockchain Encyclopedia

December 8, 2017 | By | Reply | 186 Readers More
Everipedia Set to Become the First Blockchain Encyclopedia

Change is the only constant thing in life indeed. Before the coming of Google and Wikipedia, the world used offline encyclopedias to search for general information and information from specific fields.  While encyclopedias have been around since nearly the first century AD, their presentation and knowledge base has changed over time. These days, Wikipedia is the […]

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UBS Seeks Smart Contract Blockchain Patent

December 8, 2017 | By | Reply | 247 Readers More
UBS Seeks Smart Contract Blockchain Patent

UBS is one of the biggest financial service companies in the world today, and they have been trying to find a way in which they can better protect their computer systems. Cybersecurity a Growing Priority There has been a lot of attention recently placed on cybersecurity by corporations both big and small across the world […]

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Moscow Launching Pilot Program for Blockchain-Based E-Voting Platform

December 8, 2017 | By | Reply | 190 Readers More
Moscow Launching Pilot Program for Blockchain-Based E-Voting Platform

Just months after Russian President Vladimir expressed interest in blockchain technology and issuing a national cryptocurrency, the government has announced the pilot test of a new blockchain-based local voting system. Moscow’s Active Citizen Initiative A press statement issued by the Russian government on December 4, 2017, reveals that this new voting platform is a venture […]

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Bitcoin Mining Outranks Entire Countries in Energy Consumption

December 8, 2017 | By | Reply | 187 Readers More
Bitcoin Mining Outranks Entire Countries in Energy Consumption

Cryptocurrencies and blockchain have experienced a significant increase in public interest this year, with the price of bitcoin cresting $15,000 on December 7, 2017. Massive Amounts of Energy As bitcoin continues to send the world into a frenzy, many people are scrambling to get in on the action through bitcoin mining. According to Blockchain’s mining […]

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With 600 Bitcoin, Buy a Caribbean Slice of Heaven

December 8, 2017 | By | Reply | 246 Readers More
With 600 Bitcoin, Buy a Caribbean Slice of Heaven

An idyllic 13-acre Caribbean retreat at Bloody Beach Bay on Union Island has gone up on the market and can only be purchased with 600 bitcoin. On December 6, the price for bitcoin reached $13,000, so the property could be worth as much as $7.8 million. Bitcoin’s value has risen more than 1,000 percent in […]

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