The founder of Wikipedia, Jimmy Wales, has a lot of respect for the Bitcoin community. On April 25, he published a Reddit post describing a news project he envisioned called Wikitribune. In the post, he showered the Bitcoin community with praise, saying how much generosity the group demonstrated before and after Wikipedia started accepting Bitcoin donations. He also used an example of Bitcoin in regards to the kind of reporters he wants to recruit for his Wikitribune project.
Derivatives giant CME Group is looking to patent a way for bitcoin miners to hedge against operational risks.
As detailed in a patent application published last week by the US Patent and Trademark Office, the proposed system would receive data from the bitcoin network as a means of keeping contracts up to date – monitoring metrics like network difficulty and price.
Testing has begun on a blockchain-based gold trading platform backed by the UK's Royal Mint.
First announced in November of last year, the initiative sees the 1,000-year-old institution - which creates and issues physical coins, among other items - developing a so-called "Royal Mint Gold" digital asset, each unit of which will represent 1 gram of gold held by the Mint. The Mint is working with bitcoin startup BitGo and white-label exchange software provider AlphaPoint to develop the market, with a planned launch eyed for later this year.
Remember that Internet of Things botnet? The one known for temporarily shutting down a number of the world's largest websites last autumn?
Well, a newer version has been detected, but as well as being able to issue DDoS attacks and the like, it's equipped to mine bitcoin.
The chairman of the Australian Securities and Investments Commission (ASIC) believes blockchain technology has the potential to fundamentally change the world's existing financial system.
Greg Medcraft, appointed chair of ASIC in 2011, made the comments during his speech at Australia's Carnegie Mellon University earlier this week.
According to Medcraft, distributed ledger technology could result in greater efficiency and speed, disintermediation, reduced transaction costs and improved market access.
Wir haben uns auf den Weg nach Prag gemacht, zu einem Kongress, bei dem sich alljährlich die Kryptoanarchen Europas treffen. Menschen, die sich verschlüsselt und anonym im Internet bewegen – und für die Bitcoin schon längst ein ganz normales Zahlungsmittel sind. Im Café des Zentrums kann man schon gar nicht mehr mit analogem Geld bezahlen. Hier gibt es den Kaffee nur noch gegen Bitcoin. Mein Papiergeld kann ich so gleich wieder einpacken. Gleich gegenüber aber gibt es einen Automaten, an dem man Bitcoins bekommt. Dafür braucht man nur eine App auf dem Handy, ein virtuelles Portemonnaie sozusagen.
Given its status as the original blockchain protocol, it should be no surprise that bitcoin has long dominated the digital currency markets.
In terms of market capitalization, it dwarfs other cryptocurrencies. Its first-mover status and widespread adoption has (so far) given bitcoin the dual advantage of network effect and steep barriers to entry, keeping alternatives at bay.
But there's evidence that this longstanding narrative could be changing.
High-level US regulators and officials spoke out in favor of expanding the adoption of blockchain technology across government and the private sector at the DC Blockchain Summit, held this week in the nation’s capital.
There, representatives from the Trump administration, Congress and executive branch agencies acknowledged the potential of blockchain, and called for further development at the technology’s intersection with public policy. Specifically, they highlighted the technology's potential to streamline bureaucracy, empower consumers and drive economic growth.
Updated | The media has announced the death of bitcoin more than 100 times since its inception in 2009, yet its value continues to rise and reach new records. The price of bitcoin hit all-time highs for four days in a row this week, peaking at $1,293 on Friday. With gold trading at $1,230 an ounce, this is the first time one bitcoin is worth more than a troy ounce of gold.
The milestone marks a significant change in fortunes since January 2016, when one of the cryptocurrency’s key developers called bitcoin a failed experiment. At the time, the price of one bitcoin was around $350.
Marco Streng's computer servers are what make Ethereum tick.
Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. Without these machines, or those deployed by Streng's biggest rivals, there would be no Ethereum.
But mining, as the practice is called, is costly and inefficient and, frankly, a bit weird. And Ethereum's developers have always envisioned a time in which the cumbersome process of brute-force computing would be replaced by a system that relies simply on collateral. That time, some four years after the network was first proposed, is now. The developers want to put this "proof-of-stake" model, called Casper, into place by year-end.
Subscribe to our Newsletter and get Latest News from us
© 2017 Hashing Root. All Rights Reserved.