I am an NCTJ qualified crypto journalist. I've written for NewsBTC. I write for Decrypt, run by a former editor at Time Magazine, backed by ConsenSys. Contact me: Tim@DecryptMedia.com
Indeed, things are going so well that it has set up its own non-profit, the “Binance Charity Foundation,” which, drawing on Binance’s substantial wealth, has already donated $1.4 million to flood victims in west Japan.
On October 5, at 4.04 AM (UTC), Etherdig mined its last empty block which took just three seconds. It has not mined a block since, bringing an end to its practice of spy mining on the Ethereum network, for now.
Etherdig, the mining pool capitalizing on the loophole, has mined over 1,250 blocks in the last three months, without validating a single transaction. As a result, it’s received 3,750 ETH ($862,500) in mining rewards.
Speaking at this year’s Blockchain Live, in London, Szabo defended the proof-of-work consensus mechanism that bitcoin uses, which has been criticized for having a penchant for vast amounts of energy.
Consensus. It’s all about agreement. In the blockchain realm, computers are given a set of instructions on how best to see eye-to-eye and left alone to get on with it. If only things could be so simple in the world of flesh and blood.
Welcome to the magical and mysterious world of crypto trading in 2018—where an exchange like HitBTC can process $8 billion in trades within 30 days while remaining completely anonymous. And regulators are not amused.
It’s been a big week for data fans. Leading the charge is Ripple’s 77 percent surge in value in light of news that xRapid–a money-transfer service for businesses operating across borders-will be launching in one month.
That scam bots are on the run, instead of on the rise, might come as a surprise to Elon Musk. On Tuesday, the real world’s version of Iron Man asked the inventor of Dogecoin to help him combat the ETH scam bots that have been plaguing him since the summer.
That rivalry came into focus yesterday when the National Commercial Bank of Saudi Arabia, one of the preeminent banks in the Middle East, joined RippleNet, the blockchain-based network that uses XRP and other cryptocurrencies for international transactions.
ICOs are big business. Since Satoshi’s white paper was released in 2009, the funding tool du jour has raised $20bn in capital. But in the United States, the heady days of anyone with a whitepaper raising millions may be over.
China, which is on its way to becoming a cashless society, highlights how cryptocurrencies could be used for all global payments. However, the overreaching control of the Chinese state shows why cryptocurrencies are needed to maintain the financial freedom of citizens.
Mobile Payments Used in Rural Villages
Roughly two-thirds of China’s population use WeChat to make everyday payments by scanning QR codes. Alibaba’s Alipay also has around 520 million users. Due to the proliferation of mobile n...
The Coinbase UK CEO has confirmed that support for GBP withdrawals and deposits will be rolled out over the next few weeks. In an interview with NewsBTC, he also said that Coinbase Custody has had a ‘lot of interest’ and that they have had to restrict how many investors they can take on.
Support for GBP Payments Incoming
Coinbase UK CEO Zeeshan Feroz said that Coinbase will be supporting GBP wires in the next few weeks. At present, Coinbase use Estonian bank LHV to process payments which are ...
Crypto exchange Kraken has responded to a recent article by Bloomberg that argues Tether (USDT) is being manipulated on their exchange. Kraken took a dig at the article’s complex headline and insinuated that the article was written to have an effect on the price of futures trading.
Kraken Swipes at Bloomberg
Four Bloomberg reporters claimed that data from Tether trading on Kraken showed two red flags for regulators on June 29. Today, Kraken argued the article was badly written, defied logic, ...
Coinbase UK CEO Zeeshan Feroz is working to achieve a crypto revolution amidst hesitant bankers in a city torn over Brexit. During London Teck Week, he made a speech on blockchain’s potential to connect the unbanked and rebuild the entire financial system. In an interview with NewsBTC, he said that Coinbase have had a ‘lot of interest’ in their new custody platform. Coinbase Custody was released on July 2 and has already accepted 10 institutional investors, with a combined minimum balance of ...
In the U.S., another application has been made for a Bitcoin ETF by CBOE Global Markets following previous applications by other companies that were rejected because the market is ‘unregulated.’ Now that the SEC has clarified that Bitcoin and Ethereum are not to be regulated as securities, this application is more likely to succeed and bring institutional money to the crypto markets.
ETFs Knocking Down the Door
In the U.S., CBOE Global Markets, who already run Bitcoin futures trading, is the ...