Technology

Bitcoin’s economies of scale make it harder to get involved in mining

Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm. Unveiling Blockstream mining and pool in August 2019, the...
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Gemini now an SOC 2 Type 2 compliant exchange

Leading cryptocurrency exchange, Gemini announced the completion of its independent SOC 2 Type 2 examination. With this development, Gemini became the first crypto platform and custodian to complete a SOC 2 Type 2. SOC 2 Type 2 examination essentially covers the security compliance of the platform and Gemini Custody. In the latest blog post, Yusuf...
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Circle CEO draws YouTube-associated analogy to tackle cryptocurrency issues

The World Economic Forum in Davos, Switzerland is underway right now and some of the most prominent personalities in the world would be gathering at the event over the next three days, including many from the digital assets industry. Jeremy Allaire, Co-Founder of Circle, is one of them, with Allaire taking the podium on the...
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Binance’s 10th BNB burn marks fourth consecutive quarter of growth

Binance has not only emerged as a major player in the cryptocurrency world, but its native coin, Binance coin [BNB], has also created ripples after it completed its 10th quarterly burn. According to Binance’s blog, the burn amounted to 2,2116,888 BNB [38.8 million], which represented 1.1% of the total supply. The $2 million increase from...
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Tokenization of Sports: A Short Sell or a Future Trend?

It doesn’t come as a surprise that “don’t spend like a baller” is associated with lavish spending and basketball. With so much money coming in so quickly at such a young age, athletes are overwhelmed and end up spending it on cars, shoes, parties, and even a shark tank. But, it looks like one man...
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Binance has been open-minded about ‘token offerings:’ Catherine Coley

One of the world’s leading cryptocurrency exchanges, Malta-based Binance has registered unprecedented growth since its launch. The exchange is not only adding more services on its platform, with the recent drive being the addition of more fiat support, it is also extensively working towards establishing a presence in all countries in a way that is...
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Tokenization of assets provides assurance, auditability: AVA Labs’ Gün Sirer

The tokenization of assets gained a lot of momentum in 2019. By converting a real-world asset into its digital equivalent, tokenization provides higher liquidity, flexibility, and transparency, making it an emerging trend for investments in 2020. Just a couple of months ago, Jason Kelley, IBM’s General Manager of Blockchain Services, had mentioned during a talk...
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Cryptopia case rescheduled at Christchurch High Court

Cryptopia, Christchurch-based cryptocurrency exchange, recently announced that its directions hearing has been rescheduled to Feb. 11-14 at Christchurch High Court. The hearing was earlier scheduled with a New Zealand court for February 3, 2020. The exchange’s tweet on Jan 17 read, The #Cryptopia directions hearing has been rescheduled to 11-14 Feb @ Christchurch High Court....
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Cardano’s development arm, IOHK releases Jormungandr 0.8.6 version

IOHK, the research and development arm of decentralized public blockchain and crypto project, Cardano, released Jormungandr 0.8.6 version for Cardano pool operators. This was revealed by Rick McCracken, Cardano Ambassador on January 15th. The latest release aims to improve the network stability of the node. The roll-out of Jormungandr 0.8.6, comes with several optimizations. IOHK...
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Bitcoin SV flippening of BCH: What’s behind the BSV pump?

The year began with people hoping for a bullish Bitcoin market; there were some who thought that Bitcoin would be the one leading the bull run this year, considering that halving was just a few months away. There were others who believed that some of the popular altcoins such as BNB would be the ones...
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Binance prioritizing onboarding of ‘local currency access into global-crypto markets’

Binance, one of the world’s largest cryptocurrency exchanges, has been on a high-speed lane in terms of development and expansion, with no signs of return anytime soon. One of the biggest moves made by the exchange last year was its announcement that it would be withdrawing its services from the United States, only to set...
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Cardano’s Hoskinson claims Hydra protocol is 5 times faster than Ethereum

The Cardano ecosystem has been in full swing development mode after the success of the incentivized testnet. As it approaches the Shelley mainnet launch, the focus has mostly been on network stability and other improvements. In a more recent update, the CEO of IOHK, Charles Hoskinson, revealed that the next-generation protocol on Shelley, dubbed, ‘Hydra,’...
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Monero’s privacy depends on a lot of people using it: Riccardo Spagni

Riccardo Spagni, well-known as Fluffypony on social media platforms, yet again, spoke about privacy while speaking about Tari, and financial privacy, in an interview for Monero Talk. Tari, a decentralized assets protocol, will be built on top of Monero, with its own native token. The protocol will work as a merged-mined sidechain, along with enabling...
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Bitcoin’s shifting narrative: Could the 3rd Bitcoin halving favor bears?

With over 100+ days left for Bitcoin’s halving, it is time to take a look at how Bitcoin might react to its 3rd halving [halvening]. Unlike previous times, the narrative around Bitcoin has changed. The arguments on halving keep getting more pronounced as the date nears. Some argue that Bitcoin is priced in for the...
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Monero’s Spagni: ‘Cryptocurrency universe is not ready for primetime’

Monero, the largest fungible cryptocurrency, has been well-known in the market for taking a different route than most P-o-W coins. Riccardo Spagni, also known by the moniker Fluffypony, stepping down from the lead maintainer position had many community members debating. The official announcement stated that Riccardo Spagni’s position has now been transferred to Snipa, adding...
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Cardano: devs to deliver patches for incentivized testnet, ahead of Shelley Launch

After the launch of the incentivized testnet, the IOHK and the Cardano ecosystem has been ramping up its tech and is currently focused on network and stability improvements. In line with this, the CEO of IOHK, Charles Hoskinson revealed that the Rust team is all set to deliver a network patch for the ITN in...
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Ethereum 2 phase zero marches onward with release of final spec

While the Ethereum community has promised great developments for this year, the question of when still remains. Ethereum 2.0 developer community is expected to launch Beacon chain, with the first phase – Phase 0 of Serenity – promised to go live in the first quarter of 202o. However, the launch date was, once again, postponed...
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Developers increasingly exploring what blockchain could do for gaming systems

Blockchain in the gaming industry is an experiment that’s been ongoing for some time now. It started with the introduction of ‘Huntercoin’, the first real blockchain and decentralized strategy MMO game, introduced way back in 2014, which was basically an experiment to gauge the decentralized ledger technology’s ability to support the gaming industry. With Huntercoin’s...
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ASIC mining contributes to Bitcoin’s robust system of immutability and security

With the advent of Bitcoin came industries that were never foreseen, and one of the prominent ones is the mining industry. Undermining Satoshi Nakamoto’s rule of ‘one CPU, one vote,’ the mining of the largest cryptocurrency has been completely overtaken by ASIC miners. Since its inception, there has been a divided sentiment surrounding whether ASIC...
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Bitcoin 51% attack is harder due to the advantage ‘of dedicated ASIC equipment’

Andreas Antonopoulos, the author of Mastering Bitcoin and Mastering Ethereum, recently spoke about the scenario that could unfold in the case of a 51 percent attack, in a Q&A session on YouTube. The well-known influencer also spoke about the reason why Bitcoin was immune to such an attack. After summarising all the things an attacker cannot...
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Ethereum Classic’s Agharta upgrade goes live on mainnet

Ethereum Classic’s Agharta protocol upgrade went live on the Mainnet on 12th January 2020. The planned hard fork went live on block 9,573,000. Prior to this, its test networks – Morden, Mordor, and Kotti were successfully implemented. ETC’s Agharta essentially added the ETH Constantinople opcodes to ETC mainnet. The proposed changes for Ethereum Classic’s Agharta...
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Bitcoin network gathers steam as on-chain activity spikes

The on-chain activity on Bitcoin’s blockchain remained overall positive throughout 2019. Despite stagnation in the price, Bitcoin’s network metrics stayed strong. Its mining hash rate has seen an exponential increase in the last couple of months and touched a new all-time high of 117 exahash per second [EH/s] on January 5th. As miners continued to...
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Here’s how digital money projects contributed to Bitcoin inception

The concept of digital assets and the creation of Bitcoin is commonly lauded as a revolutionary change that led to the establishment of an asset class worth over $200 billion dollars. In a recent segment of whatbitcoindid with Peter McCormack, Aaron Van Wirdum, Technical Editor at Bitcoin Magazine, discussed some of the projects that eventually...
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Blockchain tech in healthcare? Here’s how DLT can change so many things

The introduction of the blockchain network in the healthcare industry is something that’s been talked about a lot. Though there isn’t a proper model in place to this day. Discussing the topic, Samson Williams, Principal Consultant for Axes and Eggs, in a recent podcast talked about the difficulties faced while making the hospital staff understand...
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Bitcoin and Gold correlation skyrockets to 3-year high on US-Iran conflict 

Bitcoin and Gold are dancing to the same tune once again. The long-held claim of Bitcoin being the digital equivalent of gold was strengthened earlier this month with the correlation between the cryptocurrency and the commodity jumping to a high not seen since August 2016. Following the US-led killing of Iranian military commander Qasem Soleimani,...
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EOSIO releases updates for version 2.0, focuses on stability

Blockchain-based smart contract protocol, EOSIO announced an update of its version 2.0 which was released last year. According to the latest blog post, EOSIO Version 2.0 release has been updated to a more stable version with security, stability, and other miscellaneous fixes. The released notes on GitHub stated, “These protocol upgrades necessitate a change to...
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Ethereum, Tron, EOS account for over 98% transaction volume of dapp market

Ethereum, Tron, and EOS mainnets have continued to lead the DApp space. In the December 2019 edition, DAppReview stated, “At present, these three major public chains have accounted for more than 98.65% share of the total transaction volume of the dapp market, forming the ‘Big Three’ in dapp space.” Source: DAppReview Ethereum still remains the...
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How MakerDAO doubled its users in a single weekend using Coinbase Earn

By Kenzan Boo On July 26, 2019, Coinbase Earn launched the Dai Advanced Task. In a few days, users created more CDPs (Collateralized Debt Positions) than ever existed. In the previous 11 months, about 9,000 CDPs were created on the blockchain with MakerDAO. We chose to launch on a Friday. On the weekend after the...
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XRPL’s ver. 1.4.0’s ‘Deletable Accounts’ supported by validators’; yet to be enabled

XRP has maintained its position among the top three cryptocurrencies, while the development arm of Ripple, Xpring kept up with the innovation streak and the XRP ledger version 1.4.0 was released on Friday, 10 January. Xpring wrote in a tweet: “XRP Ledger version 1.4.0 is available on Mainnet and introduces “Deletable Accounts,” a new Amendment...
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Bitcoin and Ethereum being centrally-held highlights a trust problem

The term decentralized currency was meant to signify a virtual currency that would be based on the logic of mathematics and economics, mined from the blockchain and stored in one’s digital wallet, assigned by a private key. However, that is not the case. In a recent piece on the Bankless blog, Coinmetrics co-founder Nic Carter...
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