Monthly Archives: June 2018

EOS Founder Wants to Scrap the Platform’s Constitution, Start Anew

Daniel Larmier, the founder and technical architect of EOS, has confirmed that he wants to scrap the platform’s current constitution and build a new one. Speaking on the EOSIO Gov Telegram Channel, Larimer claimed he has doubts about the company’s current on-chain governance model and called the existing constitution “unwise.” “I have learned a lot about human nature by watching the disputes, the witch hunts, the ‘bring everything before the ECAF [EOS Core Arbitration Forum]’ mindset,” he explained. ECAF is the company’s arbitration body. The group is […]

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Bitcoin Developer Jimmy Song: Private Blockchains Make ‘Zero Sense’

BTC developer Jimmy Song thinks that private blockchains are “pointless” because, as he claims, they necessitate of a central point failure. Bitcoin (BTC) developer Jimmy Song stated that using blockchain tech for a private, centralized system, such as an enterprise, ‘makes zero sense’ in an interview with Laura Shin June 26. Song, also a venture partner at Blockchain Capital, spoke on the podcast Unchained about his work as an architect on an enterprise private blockchain at Paxos for two years, noting that he “couldn’t” make a private […]

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Homeland Security Agents Posing as Darknet Crypto Traders Arrest Criminals

The DOJ has announced they have charged more than 35 people as a result of a year-long undercover investigation into money laundering in crypto. Agents acting under the purview of the U.S. Department of Justice (DOJ) have arrested more than 35 criminals by posing as cryptocurrency traders on the darknet, according to a DOJ release published yesterday, June 26. Officials also seized more than $23.6 million in criminal gains. The operation included the seizure of Bitcoin (BTC) mining devices, nearly 2,000 in BTC and other cryptocurrencies worth […]

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TaTaTu Hosts the World’s Third-Largest ICO, Earns Over $500 Million

TaTaTu Token has sold over $575 million worth of its currency through an initial coin offering (ICO), making it the third-largest coin offering, behind Telegram and EOS, respectively. Known as TTU tokens, the currency is the blockchain entertainment platform’s central unit of exchange, and all private sale proceeds will go toward funding technical development and growing the company’s customer base. TaTaTu is a decentralized system that financially rewards users for viewing content and referring their friends and family to the platform. Users can earn TTU tokens by […]

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Russia: Financial University to Store Diplomas via Blockchain

The Financial University of Russia has become the first higher education institution in the country to implement blockchain technology for the storage of digital diplomas. A state university in Russia has announced that it will store diploma records using blockchain technology, the institution announced in an official statement June 26. According to the statement and a tweet from the Financial University under the Government of the Russian Federation, the institution has recorded “all diplomas issued over the past ten years” using distributed ledger technology. The reported goal […]

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US House Unanimously Passes Bill to Help Fight Illicit Use of Cryptocurrencies

The U.S. House of Representatives has unanimously passed a bill to help prevent the illicit use of cryptocurrencies, including bitcoin, dash, zcash, and monero. This bill follows a testimony by the Secret Service asking Congress for help stopping these activities. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space H.R. 6069 Bill Passed The U.S. House of Representatives has passed Bill H.R. 6069, known as the “Fight Illicit Networks and Detect Trafficking Act.” The bill was considered by the House on Monday, June 25, and “passed unanimously,” […]

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Facebook’s Crypto Ad Ban Reversal Power Play Gets Their Own News Stuck

Facebook’s powerplay of crypto advertising continues as the first company to ban them has now suddenly reinstated them. It has been an interesting time for Facebook and its relationship with cryptocurrencies ever since they made a precedent setting move to ban adverts on their platform that had anything to do with cryptocurrency in January this year. The social media giant has since updated their policies to once again allow cryptocurrencies to advertise on Facebook, although it has continued its ban on ICOs. This move is being seen […]

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Cryptocurrency to Fiat Transactions Remain High in the Philippines

The Filipino central bank has revealed that the trade between fiat and cryptocurrencies on authorized bitcoin exchanges in the Philippines has maintained its high level for the country from the boom time of late 2017 during the first quarter of this year.   Also Read: US Authorities Seize Over $20M in Crypto in Massive Darknet Crackdown Cryptocurrency-Fiat Transactions Remain High Transactions involving both fiat and cryptocurrencies remained high during the first three months of 2018 in the Philippines, revealed new figures released by the country’s central bank, Bangko […]

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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, TRX: Price Analysis, June 27

The markets have failed to react positively to Facebook relaxing its crypto ad ban with some analysts predicting further losses. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. The news of Facebook relaxing its ban on cryptocurrency advertisements has failed to cheer the crypto markets. This shows that […]

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EOS CTO Proposes Rehauling Constitution as Disputes over Governance Continue

CTO of blockchain protocol EOS Dan Larimer has proposed rehauling the project’s constitution to limit arbitrators’ powers only to cases where there is a “code-intent mismatch.” Chief Technical Officer (CTO) of blockchain protocol EOS Dan Larimer has proposed rehauling the project’s existing constitution to limit so-called arbitrators’ powers, in an EOSGov Telegram chat today, June 27. Larimer’s proposal comes in response to recent controversies surrounding the structure of governance on the EOS blockchain, in which three distinct groups work to ‘keep one another in check,’ as defined […]

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