Monthly Archives: June 2019

Sharding, Explained

A closer look at the concept of sharding, what it is exactly and how it works. What is the future of blockchain sharding? Sharding gained more attention recently because of Facebook’s Libra coin. Facebook recently released more details on the Libra coin in its white paper, which is planned for launch in the first half of 2020. It also emerged that Facebook acquired Chainspace, whose developer team was predominantly focused on blockchain sharding. This would suggest that the Libra blockchain will implement some form of blockchain partitioning. […]

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BCH Development Fund Doubles Its Goal After a Successful Month

In May, a group of Bitcoin Cash (BCH) supporting businesses and individuals launched a fundraiser to support BCH development. Since then the fundraiser has received massive support and so the organizers have decided to double the goal to 1600 BCH by August 1, 2019. Moreover, other projects have been added to the Bitcoin.com/fundraise page in order to include development projects like Bitcoin Verde and Flowee the Hub. Also read: 10 Years Ago Bitcoin’s Genesis Block Changed the Course of History Support a Fairer Financial System by Donating […]

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Ethereum Co-Founder Criticizes Facebook’s Libra Token for Centralization

Ethereum co-founder Joseph Lubin said that Facebook’s Libra is “like a centralized wolf in a decentralized sheep’s clothing.” Ethereum co-founder Joseph Lubin said that Facebook’s Libra token is like “a centralized wolf in a decentralized sheep’s clothing” in an article published on tech news outlet Quartz on June 21. The social media giant released the white paper for a its cryptocurrency dubbed Libra earlier this month to mixed reviews from experts in the cryptocurrency and blockchain industries and concern from government regulators. In his article, Lubin notes […]

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Craig Wright Failed to Disclose Bitcoin Holdings in Court Case, Says Lawyer

Craig Wright has failed to disclose his bitcoin holdings in a high profile court case, says a plaintiff’s legal counsel. The legal counsel for a plaintiff in a bitcoin (BTC) theft case involving Australian computer scientist Craig Wright, said that Wright — the defendant — failed to disclose his bitcoin holdings per court order. Devin Freedman of law firm Boies Schiller Flexner made his statements in a tweet on June 21. As Cointelegraph previously reported, in May a United States court ordered Wright to produce a list […]

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Hodler’s Digest, June 17–23: Top Stories, Price Movements, Quotes and FUD of the Week

The QuadrigaCX story gets weirder, and Satoshi Nakamoto is apparently the author of a coloring book. Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Four big reasons bitcoin’s price will probably not stop at $20K this time Bitcoin crossed $11,000 in under 24 hours after breaking the important level of $10,000 […]

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Report: Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

Two Israeli brothers have reportedly been arrested for phishing attacks and a successful hack of cryptocurrency exchange Bitfinex. Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23. An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access […]

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Microsoft and Ethereum Foundation Swell the Hyperledger Ranks Amid Growing Cross-Industry Blockchain Collaboration

Microsoft, the Ethereum Foundation and Salesforce join Hyperledger as new members, seeking to create open-source enterprise blockchain solutions. United States tech giant Microsoft and the Ethereum Foundation are among the latest companies to join the ranks of the Hyperledger greenhouse hosted by the Linux Foundation. Many notable names in the tech and wider business fields today are developing enterprise-grade solutions based on the expanding set of tools built on Hyperledger. These institutional blockchain projects cut across both financial and nonfinancial distributed ledger technology (DLT) utilization. Presently, there […]

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In This Week’s Video Update: BCH Dev Fund Exceeds Target, Bitcoin.com Reveals Rebrand

The Bitcoin Cash Developer Fund has reached its 800 BCH goal in less than a month since the start of the community-driven fundraising campaign. You’ll find more details on how to support the initiative in the weekly update from Bitcoin.com. Check out the video for other interesting news from the Bitcoin Cash space. Also read: Riddell Travel Will Help You Arrange Your African Tour With BCH Developer Fund Doubles Donation Goal to 1,600 BCH The BCH Dev Fund has surpassed its 800 BCH goal by well over […]

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CabbageTech Crypto Scheme Operator Pleads Guilty to Wire Fraud

A 46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency. 46-year-old New York resident Patrick McDonnell admitted to stealing funds obtained from his clients instead of investing them in cryptocurrency, Bloomberg reports on June 21. Per the report, McDonnell — who calls himself the “coyote of Wall Street” — pleaded guilty to wire fraud on Friday in federal court in Brooklyn. He allegedly declared: “I claimed to invest it in virtual currency and spent it on […]

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Firm Behind Zcash to Introduce New Version of Protocol With Sharding

The Electric Coin Company, the firm behind second-biggest anoncoin zcash, is building a new scalable zcash blockchain. The Electric Coin Company (ECC), the firm behind second-biggest anoncoin zcash (ZEC), intends to build a new scalable zcash blockchain, cryptocurrency news outlet Forklog reports on June 22. Per the report, chief engineer at ECC Nathan Wilcox said that the firm should “make Zcash usable by 10 billion people by 2050” if it can. Still, Decrypt notes that achieving this would require zcash’s blockchain to be able to manage thousands […]

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