Monthly Archives: June 2019

Atlantis Hard Fork for Ethereum Scheduled for September 17 Launch

Ethereum Classic developers and contributors recently decided that the Atlantis hard fork will occur on block 8,772,000, estimated for September 17. The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20. As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block number 8.75 million, which is predicted to run on September 15. […]

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Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

Automotive giant Wanxiang partners with blockchain firm PlatON to handle data for new smart city in China. Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20. According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior. The report includes a statement from Chief Innovation […]

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Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

The city council of Riviera Beach, Florida, has agreed to pay nearly $600,000 worth of BTC to regain access to data lost in a hacker attack. The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data encrypted in a hacker attack, the New York Times reported on June 19. On May 29, the city experienced “a data security event” when a police department employee opened an allegedly infected email attachment, which eventually resulted in the […]

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What Is Libra? Breaking Down Facebook’s New Digital Currency

Facebook’s newly announced cryptocurrency could shake up the industry and bring mainstream recognition to blockchain. Facebook has been in the news quite often over the past few years — and usually for all the wrong reasons. The social media giant has been lambasted over its privacy practices, its seemingly anti-consumer stance and even an apparent investor revolt in which shareholders voted (albeit symbolically) to remove Mark Zuckerberg from the board of directors. However, the company’s most recent announcement that it is launching a digital currency appears to […]

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These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far

The second quarter of 2019 is coming to an end and for those who invested in cryptocurrencies this year, market prices are a whole lot higher than they were a year prior. Since the significant lows in December 2018, most digital currencies have captured remarkable gains. Also read: Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports Digital Assets Post 350-550% Gains Throughout 2018, many crypto advocates and traders referred to the year as the ‘crypto winter’ after prices fell from their […]

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Bitcoin Breaks $9,300 as US Stock Market Sees Minor Uptrend

Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin breaks $9,300. Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about 2.5% on the day, trading around $9,358 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 12.7%. Bitcoin 7-day price chart. Source: Coin360 Yesterday news […]

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IBM’s Blockchain Division Largely Unscathed After Layoffs of 1,700: Report

Only a handful of the 1,700 layoffs recently announced by IBM affected its blockchain division, according to a report. Only a “very, very tiny percentage” of this month’s 1,700 job losses at IBM affected its blockchain division, The Block reported on June 20. Jerry Cuomo, the vice president of IBM Blockchain Technology, told the website that the tech giant is prioritizing blockchain skills when making hiring and firing decisions — adding it was “full steam ahead” for his department. The layoffs have been described as a “realignment […]

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IOTA to Enter a New Partnership to Track Potentially Fatal Food Allergens With DLT

IOTA has partnered with digital food safety firm Primority to develop a tool to minimize the threat of potentially fatal food allergens. Non-profit blockchain organization IOTA Foundation has teamed up with digital food safety management firm Primority to track food allergens via blockchain, IOTA tweeted on June 20. The new partnership aims to reduce risks associated with potentially fatal food allergens, targeting 220 million people with food allergy worldwide, as IOTA noted in the tweet. The collaboration includes the development of a prototype of an application that […]

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Making Good Money Mining Bitcoin? Time To Invest It

At some point, you will start making good money from bitcoin mining. Hopefully, that point has come already. But ultimately, what matters is what you do with that money. Chances are you’re not mining as a full-time thing. You do it in your spare time for some extra cash. Well, that extra cash can become a goldmine. You may not have any experience investing in any market, but these days you no longer need it to get off to a strong start. This investing blog has all […]

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Satoshi Nakamoto Apparent Author of Two Upcoming Books on Amazon

Two new books published under Satoshi Nakamoto’s name have appeared on Amazon. Two different books published under Satoshi Nakamoto’s name have recently appeared on Amazon. According to Amazon, both of the books — Wave and Ripple Design Book and The Official Bitcoin Coloring Book — are scheduled for release on June 28. The profile of the author makes it clear that he indeed claims to be the same Satoshi Nakamoto who created bitcoin (BTC): “Satoshi Nakamoto is the renowned inventor of Bitcoin.” The author’s profile also states […]

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