Monthly Archives: June 2020

US Firm Announces Installation of 700 Mining ASICs With More on the Way

United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin mining ASIC units. United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units. According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain. In late March, Bitmain announced that it sold the first […]

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Price Analysis 6/3: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

As Bitcoin price consolidates and searches for support, large cap altcoins are setting up for a resumption of their uptrends. Blockstream CEO Adam Back recently said that institutional money is not needed to propel Bitcoin (BTC) to $300,000 within five years. This is partially because the current financial situation could drive retail traders to look for alternative investments to preserve the value of money in a time where there is a lot of money printing across the world. This is likely to create enough demand from retail […]

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Peer-to-Peer Internet Has Lofty Goal to Bring True Decentralization

A new internet that leverages peer-to-peer capabilities wants to create total decentralization, but can this model deliver on a product? Decentralization is one of the most important benefits promised by blockchain, as the technology aims to distribute and disperse power away from central authorities. Bitcoin, for example, was designed as a decentralized alternative to government-backed money. However, many blockchain systems currently run on centralized cloud platforms. It’s been noted that over 60% of all Ethereum nodes rely on cloud-based services, with 25% running on Amazon Web Services, […]

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Crypto.com Receives Privacy-Related ISO Certification

The crypto platform becomes one of the first companies in the industry to achieve the ISO/IEC 27701:2019 certification. Cryptocurrency payment platform, Crypto.com, announced on June 2 that it is one of the first fintech companies to receive ISO/IEC 27701:2019 privacy certification, following a number of third-party audits. According to the announcement, the “Gold standard” certification aims to strengthen the company’s strategy — “Defense in Depth”. It outlines policy implementation guidelines for data protection with regard to personally identifiable information, or PII, within the organization. The certification was […]

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Bitcoin Code Reveals Satoshi Nakamoto Used a Russian Proxy

Bitcoin code from 2009 indicates that Satoshi Nakamoto likely was hiding behind a Russian proxy. Satoshi Nakamoto may have relied on a Russian proxy as early as January 2009, when Bitcoin v0.1.0 was first released. Telltale signs appear in the file ‘irc.cpp’ on line 212, though this seems to be obfuscated with a simple cipher. Bitcoin v0.1.0 irc.cpp File Released January 9 2020. Source: Satoshi Nakamoto Institute. Spy games This cipher seems to work by removing all the zeros and then converting the numbers from hexadecimal notation […]

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Bitcoin Core 0.20.0 Released: What’s New

Today marks the official release of Bitcoin Core 0.20.0, the 20th major release of Bitcoin’s original software client launched by Satoshi Nakamoto over 11 years ago.  Overseen by Bitcoin Core lead maintainer Wladimir van der Laan, this latest major release was developed by over 100 contributors in a span of about six months. The result of more than 500 merged pull requests, Bitcoin Core 0.20.0 mostly cleans up and hardens the Bitcoin Core codebase, advances hardware wallet integration, improves network reliability and includes several other improvements. Here […]

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Decentralized Identity Could Replace All Login Functions, Says LG

A representative of LG’s information technology subsidiary LG CNS told Cointelegraph that blockchain-based identity systems could replace all login functions. A representative of LG’s information technology subsidiary, LG CNS, told Cointelegraph that blockchain-based identity systems could become the new standard for login functions. When asked about why the firm is pursuing the development of blockchain-based ID services, LG CNS said that it expects such systems to become “a hot topic for blockchain in the future.” The company also suggested that “maybe all login functions can be replaced.” […]

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DeversiFi 2.0 DEx Integrates Starkware to Enable 9K+ Trades Per Second

The DeversiFi decentralized exchange has integrated Starkware’s zkStark layer-2 scaling technology into its 2.0 incarnation, bringing high-speed trading, instant settlement and withdrawal certainty. The DeversiFi decentralized exchange, or DEX, relaunched as DeversiFi 2.0 on June 3, incorporating Starkware’s zkSTARK layer-2 scaling technology. This new platform will be able to process over 9,000 transactions per second, while maintaining privacy, liquidity and low fees in a non-custodial solution. Zero Knowledge Proof Batch Validation Starkware’s layer-2 solution utilizes Zero Knowledge Proof, or ZKP, technology to bring scalability to non-custodial trading. […]

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US Government Prediction: Economy Faces 10-Year Recovery, $8 Trillion Loss From Coronavirus

The U.S. Congressional Budget Office has projected that the coronavirus crisis will cost the U.S. economy about $8 trillion. Many factors play a part in shrinking the economy, such as business closures, social distancing measures, consumer spending, a drop in energy prices, and recent legislation. Decade-Long Recovery Costing $8 Trillion The U.S. Congressional Budget Office (CBO), a federal agency that provides budget and economic information to Congress, has estimated the impact of the coronavirus crisis on the U.S. economy. CBO Director Phillip L. Swagel explained on Monday […]

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Coincheck Halts Crypto Remittance to Investigate Latest Data Breach

Coincheck suffered a data breach that may have leaked users’ emails and personal information, including date of birth and phone number. Major Japanese cryptocurrency exchange Coincheck has suffered a data breach involving unauthorized access to the platform’s domain registration service. Coincheck is one of the world’s oldest crypto exchanges. They suffered a $500 million hack in 2018, which is considered to be the biggest crypto theft in history. The exchange has now encountered another apparent attack that could lead to customers’ personal data and emails being leaked, […]

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