Monthly Archives: June 2018

ConSensys’ Ajit Tripathi: ‘Rebellious Teenager’ Crypto Is Maturing

Ajit Tripathi of ConsenSys tells Cointelegraph about the venture production studio’s goal to “unleash this entrepreneurial spirit” of the blockchain community. This interview has been edited and condensed. Cointelegraph had the opportunity to speak to ConsenSys’ Ajit Tripathi at BlockShow Europe 2018 about his experience leaving Wall Street for the crypto world, what new ConsenSys projects he’s most excited about, and why crypto regulation changes from country to country. Molly Jane: Could you tell us a little bit more about what Consensys does and what your role […]

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Enjin Coin CTO Creates ERC-1155, a New Token Standard for Ethereum

Witek Radomski — co-founder and CTO of Enjin Coin — has developed ERC-1155, a new standard for defining video game tokens on the Ethereum blockchain. Radomski’s journey to improve the gaming experience began 12 months ago in June 2017, when he created code for the first non-fungible token. It was released on GitHub two months later, and it led to the creation of the ERC-721 token, which is widely considered the standard for blockchain-based gaming and digital art. Several decentralized applications (DApps) have implemented the ERC-721 onto […]

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Crypto Markets Recover After Weekend Losses Saw Bitcoin at Lowest 2018 Level

Crypto markets are seeing a tentative recovery today, after the weekend saw leading cryptocurrency Bitcoin hit its lowest level yet in 2018. Crypto markets are seeing a tentative recovery today, June 25, as data from Coin360 shows, after yesterday saw leading cryptocurrency Bitcoin (BTC) hit its lowest level yet this year. Market visualization from Coin360 Bitcoin (BTC) is trading around $6,270 at press time, up about 1.3 percent over the 24-hour period. Yesterday, June 24, BTC plummeted to $5,833, its lowest price level in 2018, and a […]

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Why Review Sites Need Blockchain, Explained

Manipulation on review sites is endemic, duping shoppers into making bad purchasing decisions. Blockchain could be the answer. Do we really depend on review sites? With 58 percent of consumers looking at online reviews at least once a week, the influence of sites that aggregate them should not be underestimated. Research reveals that 93 percent of shoppers say the testimonials they read affect their purchasing decisions. In an era where we are buying things online without seeing them in person, this is somewhat understandable. The personal experiences […]

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What Is That Mysterious About the Bitcoin Block Hash 21E800

On June 19th, block #528249 was mined; with a difficulty 18, with leading numbers 21e800 and a .4966% chance of being solved, some of the crypto community believes that this block was premeditated, rather than solved by chance. On June 19, 2018, block number #528249 in Bitcoin’s blockchain was mined. And ever since, the crypto community has been in a frenzy. Why? Because the block hash assigned to block #528249 is 00000000000000000021e800c1e8df51b22c1588e5a624bea17e9faa34b2dc4a, and, according to calculations, it is very unlikely for a miner to compute this hash. […]

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Looking Beyond the Lightning Network Hype: Every Day Users Experience Issues

Over the past few months, there’s been a lot of headlines and new wallets created for the notorious Lightning Network — The second layer payment protocol that’s being touted as a solution to the BTC chain’s scaling issues. The project is in its very early stages as the technology is still in beta, but people are actually using the protocol on main-net with real funds. So far this technology still seems very far away, and some people looking beyond the hype are finding individuals and groups who are […]

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MetaCert’s Newest Product, Cryptonite, Solves Twitter’s Scambot Problem

Anti-fraud software company MetaCert has a fix for the simplistic yet frequently effective rackets that have come to plague cryptocurrency’s online communities: Twitter scams. Cryptonite, as it’s playfully dubbed, is MetaCert’s solution to safeguard users from the fraudulent accounts that orchestrate fake giveaways under the guise of industry leaders. Typically, these accounts masquerade as the blockchain industry’s high-profile individuals. Within the Twitter statuses of the individuals in question, these fraudsters mimic verified accounts with picture-perfect doppelgängers, advertising giveaways that ask users to send cryptocurrencies, usually bitcoin or […]

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Japan’s Finance Minister Wants to Change Crypto Taxation, Doubts Public Acceptance

Japan’s Minister of Finance and Deputy Prime Minister suggested today that the crypto tax rate be changed to a flat 20%, similar to stocks, Forex trading. Japan’s Minister of Finance thinks that it is doubtful the public would accept a change in the taxation of cryptocurrency transactions, Cointelegraph Japan reports today, June 25. During today’s Upper House Budget Committee meeting, Taro Aso — also Japan’s Deputy Prime Minister — said that crypto transactions should be taxed as a “separate self-assessment taxation” rather than their present classification as […]

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China Releases Updated Crypto Index: EOS on Top While Bitcoin Falls Out of Favor

The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government. The public index, which the Chinese government called the first of its kind, was first released last month. According to domestic news outlet Cena News, the organization unveiled this month’s index on June 20, 2018, at the Shanghai Science Hall. In the fresh […]

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Alleged Fraudster Arrested in China Over $15M Mining Hardware Con

When making investment decisions it is always important to remember the old saying, “If something looks too good to be true, it probably is.” This is especially true if anyone promises you a bitcoin mining rig, which people wait for months in advance, at just a third of the retail price. Also Read: Silicon Valley Whales Buy Diamonds in the Millions With Bitcoin The $15 Million Sting The cryptocurrency market is usually hit with rather sophisticated cyber crimes like ransomware, hacking and malicious code injections. Still, good […]

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