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What if the virtual economies of a Farmville or a Second Life would not be just for play? If crypto powers native money inside social platforms, it can spell both ‘money’ and ‘platform’ in a new way The fun of playing Monopoly is, well, in the idea of money. Not money, per se. It has been, albeit, long since we saw anything game-changing in the real world of money out there. Wait, what is the real world today, anyway in an age where everyone (thankfully, almost) is hunched over a phone or neck-deep in an app busy liking, trolling, patting, brick-hurling or simply stalking something or someone digital? In an era where we prefer walled gardens to real ones, where Instagram usurps attention from the real sunset, where deep-fakes are no more figments of Federico Fellini’s world – it was about time that someone thought of in-app money. Continue reading on: https://coinatory.com/2019/05/10/cryptos-new-face-book-your-spot-for-the-meteor-night/ |
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This article is about Bitcoin Cash, the fake Bitcoin and huge-scale scam that doesn’t even have the certain ticker – is it BCC or BCH? I’ll call it BCH as it seems to be more common. For the first time in November, the BCH price went up. I cannot say that it was unexpected – rather the opposite, quite predictable, given the events since the end of August. How does the situation develop for the market in the future and what are the options of the situation? turns out if you start a coin by hard fork without consensus, precedent is to hard fork without consensus
Aaron van WirdumThe BeginningWith the beginning of a big cooling of the market in January 2018, the interests of the three accomplices who created their own “pocket bitcoin” on August 1, 2017, diverged. Yes, it’s about Roger Ver, Jihan Wu, and Craig “I-Am-Satoshi” Wright. Exactly on the anniversary of this event, Wright blocked Vera on Twitter. This happened immediately after the meeting of the BCH developers and miners in Bangkok and served as a signal for further developments. Read more: https://coinatory.com/2018/11/12/bitcoin-cash-the-fake-bitcoin-what-to-expect-from-the-upcoming-hardfork/ |
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During the virtual conference on Friday, October 19, the developers announced that the implementation of the Constantinople update of the Ethereum was postponed until the beginning of 2019. The team members, who originally planned to conduct hardfork in November, decided to postpone it since several bugs were found in the code running in the testnet. How big is the disaster?It feels to be the right thing to do and the heading should be explained as you probably opened this article only because of it. Let’s go back to the whole story with Ethereum over the past few months: -Ethereum was called as shitcoin and its price is estimated below $100 -The less-optimistic claim that ETH will go to zero -Vitalik Buterin agrees that “Eth could have gone down to zero” ... Read more: https://coinatory.com/2018/10/22/ethereum-a-shitcoin-that-returns-to-the-drop-to-zero-plan/ |
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We all know one of the main principles of the cryptocurrency blockchain – transactions cannot be cancelled and once the funds are sent, there is no way to return them. Some people consider this as a major fault of cryptocurrencies in general and the reason why cryptocurrencies like bitcoin, should be never used as means of payment. But is it really so? The answer is, both “yes” and “no”. Let’s use bitcoin as an example. There are actually some possibilities to make the bitcoin transaction cancelled. However, these methods are quite risky. In a centralized payments system, rules and regulations are established, as well as some verification procedures that should be followed before the transaction is cancelled. As bitcoin network is not governed by anyone, cancelling the transaction is a tough task to do. Don’t expect us to point to the “cancel” button. Let’s go for some theory. As bitcoin network is protected from... Read more: https://coinatory.com/2018/10/13/cheating-at-bitcoin-cancelling-transactions/ |
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After publishing an article “Watts Miners ASICs – a scam?” we received many confirmations that, in fact, people don’t receive their ASIC miners after making the payment. For example, you can check comments on that article and the information provided by APO Group in e-mail and announced on their website. We urge our readers to share this information with people who might possibly try to make a purchase of ASIC miner from Watts Miners Inc https://wminers.com/ to avoid further fraudulent actions. Read more: https://coinatory.com/2018/10/13/watts-miners-fraud-confirmed/ |
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To start with, let’s make it clear, what Petro is: The Petro is the first cryptocurrency ever backed by a State, according to the official website. The first. Ever! And this is so controversial and groundbreaking that is totally worth knowing about. Venezuela is the country that had it’s currency lose 99,99% of value the past 6 years. Inflation is reaching unbelievable highs and the economy is in terrible condition. El Perto is supposed to fix economic problems. This cryptocurrency is supposed to be used as means of payment inside the country, for deals with the state petrol company PDVSA, to attract new forms of international financing and as the way to get around the US sanctions. Read more: https://coinatory.com/2018/10/08/petro-cryptocurrency-opinion-long-read/ |
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Here goes another chapter of ASIC wars. This time, Sia is under attack and is striking back with the v1.3.6 hardfork. This hardfork will reset Sia’s Proof-of-Work function. This will make ASICs by Bitmain and Innosilicon useless. The whole story started with the Bitmain that announced their ASIC miner for Sia network just 10 days before shipping. That was the announcement that almost caused the civil war in Sia community. Why? In june 2017, we announced that sia would be pursuing asics, and that nebulous (parent company of sia) would be spinning up a new subsidiary to manufacture asics for sia. the project gained traction, and long time members of the sia community collectively contributed millions of dollars to pursue asics. So, it was clearly the attack of Obelisk by Bitmain. By resetting the Proof-of-Work function, Sia developers won’t make the whole network ASIC resistant (as Monero did by implementing Lithium Luna fork). Read more: https://coinatory.com/2018/10/02/sia-asic-wars-bricking-the-bitmain-and-innosilicon-asics/ |
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India, as a country with a high level of development of the IT industry, constantly shows new results on working with blockchain technology. The capital city of the Indian state of Telangana will be a blockchain district. In addition, in September last year, the state authorities of Andhra Pradesh announced the conclusion of an agreement with a company that provides cybersecurity WISeKey to protect the data of Indian citizens using the technology of blockchain. Recently, the Reserve Bank of India has formed a new unit to study new technologies, including blockchain, cryptocurrency, and artificial intelligence. Read more: https://coinatory.com/2018/09/14/india-is-studying-the-implementation-of-the-blockchain-in-the-framework-of-cooperation-with-brics/ |
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The United Arab Emirates is studying various approaches to regulating the ICO. One of them is to equate tokens with securities. The Securities and Commodities Authority of the United Arab Emirates (SCA) studied the market of crypto and ICO, the approach of various countries to their regulation and prepared a set of rules and mechanisms for cryptomarket. Sultan Bin Said Al Mansouri, Chairman of the Board, said that the token and the initial offer of coins will be regulated in accordance with the current securities laws. This will be the first step on the road to modernization and Read more: https://coinatory.com/2018/09/13/ico-tokens-can-be-recognized-as-securities-in-uae/ |
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The Supreme Court of China recognized the validity of evidence authenticated in the blockchain. And in Beijing, opened the second Internet court. This means that for the first time in the history of the world, justice institutions will be able to operate with virtual certificates and consider online claims. So, almost imperceptibly, in the legal science, there was a real legal tech revolution. Let’s try to figure out what value this will have for the digital economy and for legal reality. Questions about the acceptance of information stored and confirmed in the distributed ledger arose after the establishment of a separate judicial panel in Hangzhou, China to deal with disputes related to digital data and Internet technologies. The precedent did not wait for itself. The court rose to defend copyright, confirmed only in the blockchain. As a result, the case reached the highest court. Read more: https://coinatory.com/2018/09/12/blockchain-data-used-as-evidence-in-court-in-china/ |
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According to security researchers, malicious software designed for bitcoin ATMs is already being sold in the “black” markets. For $ 25,000, malware that exploits a vulnerability in the service allows users to raise the price of bitcoin in euros, US dollars, or British pounds. Researcher Fernando Merke explained: “Unlike conventional ATMs, there is no single set of verification or security standards for ATMs. For example, instead of requiring a credit or debit card for transactions, the ATM bitcoin uses mobile numbers and identity cards to authenticate the user. ” Read more: https://coinatory.com/2018/09/11/bitcoin-atms-can-be-attacked-with-the-help-of-the-program-for-25000/ |
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