Monthly Archives: January 2020

China’s Nationwide Blockchain Network BSN Will Launch in April 2020

Founded by government-run entities, China’s nationwide blockchain network will launch in April 2020, following a six-month beta testing period. China’s nationwide blockchain network, the Blockchain-based Ser­vice Net­work (BSN), will launch in April 2020, six months after it was rolled out for testing. Backed by Chinese government policy think tank the State In­for­ma­tion Cen­ter (SIC), the ambitious project aims to provide a trusted and scalable infrastructure for supporting new blockchain projects as well as the development of smart cities and the digital economy. BSN is a joint initiative […]

More info

This Company Sets Out to Prove Crypto Mining Has a Place in Your Home

Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks to tech progress and proper market conditions, cryptocurrency mining at your home is once again becoming an option to support your budget with some satoshis or save on utility bills. Also read: Bitcoin Emits Less Carbon Than Previously […]

More info

Researcher’s Scathing Lightning Network Analysis Finds Flaws

On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also read: Here’s What Happens When You Use Lightning Network for the First Time Digital Preservation Researcher David Rosenthal Investigates Lightning Network The controversial scaling solution called the Lightning Network has a bunch […]

More info

ECB Wants Active Role in Crypto, Will Not Deter Private Solutions

The European Central Bank (ECB) wants to play an active role in the field of digital currency, said President Christine Lagarde. As the bank works on its own digital currency and an instant payment system, Lagarde emphasizes that “central bank initiatives should neither discourage nor crowd out private market-led solutions for fast and efficient retail payments in the euro area.” Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws ECB Wants Active Role The president of the European Central Bank, Christine Lagarde, outlined […]

More info

Kerala Outlines Plans to Become India’s Blockchain Hub

The Indian state of Kerala is actively exploring using blockchain technology to improve a wide range of existing systems, including financial. Thousands of people are already being trained in the state to become blockchain experts, some of whom have already graduated, according to the state’s electronics and information technology secretary. He recently revealed the state’s plan to train 20,000 blockchain professionals. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws Kerala’s 5-Year Blockchain Plans The state of Kerala is positioning itself to become […]

More info

Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency

As Bitcoin is adopted by more and more traditional financial institutions, and becomes regulated by governments worldwide, the question of its survival as a truly disruptive alternative to legacy financial systems is raised. After all, if governments like Qatar’s can ban it, and international banking laws like AMLD5 can push bitcoin-friendly companies out of business, how is Satoshi’s revolutionary P2P cash to survive without a counter economy of willing users who transact freely and autonomously? Also Read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese […]

More info

Bitcoin History Part 23: The First BTC Escrow

Before the emergence of crypto exchanges and trustless multi-sig, early bitcoiners saw the need for an escrow service – a mediator to act as a go-between for strangers transacting online. Given the panoply of options now available, it is strange to think that escrow was once provided by a few early supporters, who put their reputation on the line to give buyer and seller the protection they desired. So, how did the first bitcoin escrow service come about? Also read: Bitcoin History Part 22: The New Wealthy […]

More info
1 2 3 4