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New Information Heightens Satoshi Nakamoto Mystery For close to ten years many people have been on the hunt for the elusive Satoshi Nakamoto, creator of the decentralized technology called Bitcoin. This year the race to find the anonymous character, or group of individuals, who designed the peer-to-peer electronic cash system has been hotter than ever with more clues left behind — Here’s what we know so far.
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Ethereum Developers Strike Deal to Delay Difficulty Bomb, Reduce Block Reward by 33%
CCN Jimmy Aki in Ethereum NewsNews Ethereum Developers Strike Deal to Delay Difficulty Bomb, Reduce Block Reward by 33%
A proposal that is expected to change how much ether enters the cryptocurrency economy was finalized on Friday, Aug. 31, as developers agreed to include the code for such a change into Ethereum’s next hard fork, Constantinople.
Constantinople is designed to increase efficiency and lower transaction fees on the blockchain. It’s a protocol upgrade that seeks to smooth the transition from a Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS).
According to a GitHub post merging the changes, a group of 14 ethereum developers, present on a video call, agreed to implement the EIP-1234 — an updated version of Ethereum’s improvement upgrade designed to, among other things, reduce the amount of new ether produced to 2 ETH per block w from the current 3 ETH per block.
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South Korean Province Issues its Own Cryptocurrency
The South Korean province of Gyeongsangbuk has become the unlikely location for the latest government-sanctioned crypto experiment, with the news that it plans to set up its own cryptocurrency.
The move is emblematic of South Korea’s marked shift in regulatory position on cryptocurrency, from reportedly considering a China-style ban on crypto trading barely nine months ago.
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First cryptocurrency company Agro mining a uk-based company isted on London Stock Exchange raises Rs 224 crore
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LTCUSD Long-term Trend: Bearish Distribution territories: $120.00, $140.00, $160.00.
Accumulation territories: $70.00, $50.00, $30.00.
Litecoin has been seeing its price appreciate against the US dollar this week. The bulls pushed the cryptocurrency past its last low of $75,00. On July 15, like many other cryptocurrencies, LTC also saw the emergence of a short bullish Japanese candlestick
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Litecoin [LTC] Foundation “deserves 0 respect”, Tone Vays on a butcher mission A recent partnership between the Litecoin Foundation and TokenPay has triggered a huge debate on Twitter. On 14th July, Tone Vays, a crypto-influencer and Bitcoin advocate, tweeted a series of accusations involving the two partners.
In his first tweet, Tone dropped three ‘disclaimers’ before starting off with the critical analysis of Litecoin and TokenPay. These disclaimers contained bold context to his following tweets, such as, “The main purpose of this tweet storm to piss off every #Litecoin believer for the what I hope is the final time,” and “Token Pay is a scam”.
Tone Vays, in his second Twitter post, put together a diagram explaining all the ways that TokenPay is lying to the community. An analysis of TokenPay’s website content was carried out by the influencer.
According to Tone Vays:
“Introducing the world’s most secure coin” is a blatant lie. CryptoRekt, the Chief Operating Officer of TokenPay is an ‘anonymous Verge shill’. [CryptoRekt is the author of Vergecurrency Blackpaper] The fact claiming CryptoRekt being involved into the cryptocurrency ecosystem since 2009 is ‘100% bullshit’. Verge currency-related content on TokenPay’s website is ‘Verge Garbage’.
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Want to Become a Hydro Decentralization Ambassador? Find out how! https://t.co/he0jiK10HL #hydro #blockchain #BusinessDevelopment #Developer
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Remember, in addition to #2FA the #hydro mobile apps will have #identity and privacy management through our Snowflake protocol, QR scanning, document signing through the #ice protocol, and a wallet through the #tide protocol, and more! One of the world's most robust #dApps https://t.co/h1lotgjSrx
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Supreme Court refuses to stay RBI’s circular declaring cryptocurrencies illegal If you have invested in Bitcoin or any other cryptocurrency, a deadline is looming on you. From July 5, the entities regulated by Reserve Bank of India (RBI), which include banks, will terminate their existing relationships with firms or individuals dealing in cryptocurrencies. The RBI in April issued a circular giving a three-month buffer period to entities to end their business relationships. That period will end on July 5. It means the crypto exchanges will not be able to let traders liquidate crypto assets. The Internet and Mobile Association of India (IAMAI), which represents internet firms had filed a writ petition in the Supreme Court against the RBI move to ban banks and financial institutions from providing services to any individual or business dealing in cryptocurrencies. Today, the court has refused to grant any interim relief to cryptocurrency exchanges against the RBI's move, according to a Bloomberg report.
“If banking is something the exchanges are not allowed to do, then the solution is something that direct banking doesn’t come in,” Nischal Shetty, chief executive of WazirX, told ET. WazirX, an Indian crypto exchange, is now set to introduce P2P (peer-to-peer) trading. Traditionally, all trade on exchanges happen through online banking channels where users can buy and trade bitcoins. The exchanges charge a transaction fee on every trade. The RBI's April circular mandates banks against offering services to exchanges, pushing them toward a P2P exchange. In P2P trade, the buyer and seller can deal with each other directly while the exchange acts as an escrow account that holds the cryptos during the transaction to avoid cheating. While many day traders have cash out their investments, experienced traders remain unfazed. “We must understand that only withdrawal (of rupees) will be stopped but other functions like buy and sell/send and receive crypto in Indian exchanges will work,” said, Avinash Baboo, who has been a crypto trader for three years. The government and the RBI have issued several warnings against dealing in cryptocurrencies including Bitcoins, the former even comparing it with a Ponzi scheme. While issuing the circular in April, the apex bank cautioned users, holders and traders of crypto currencies, including Bitcoins, regarding various risks associated in dealing with such currencies.
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Bitcoin’s meteoric rise last year had many observers calling it one of the biggest speculative manias in history. The cryptocurrency’s 2018 crash may help cement its place in the bubble record books
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Talent is everywhere: we’re opening our newest office in #portland this fall. After exploring a variety of cities in the U.S., we were inspired by Portland’s innovative open-source and blockchain communities. https://t.co/XSTYrKfvVv
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Walmart is exploring a way to let households manage their electricity bills using cryptocurrency – a concept that could potentially lead to increased efficiency and lower prices. https://t.co/fZHbOy6E96 #crypto #crypocurrency #kpal https://t.co/aOl5Vz16qw
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Read why #RippleNet gives regional banks a better way to build new, faster and more transparent remittance corridors. https://t.co/PfHVXfyhXt
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