IOTA Threatens Researchers and Denies Critical Flaw – but Fixes it Anyway

Over the weekend, various high-level security researchers and academic cryptographers gave cryptocurrency project IOTA a failing grade – exposing a critical weakness and suggesting investors sell their coins while asking researchers to ignore or abandon the project. ‘Extremely Embarrassing’ The controversy began after a series of once-private emails from various IOTA team members and a group of external security researchers was leaked, putting on display the developers’ apathy and arrogance towards a critical flaw in IOTA’s foundation. First and foremost, Boston University Ethan Heilman discovered that IOTA’s in-house hash function,…

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Dubai to Launch Blockchain-Powered Automobile Tracking Service

Car owners in Dubai and the United Arab Emirates will soon be able to track their vehicles entire life history, thanks to a government-backed blockchain platform. What’s Your Car’s Story? According to Arabian Business, the transportation authority of Dubai has unveiled plans to create a blockchain-based vehicle management system, allowing owners to track their vehicle throughout the duration of its existence — from its construction to its destruction. Initially, the blockchain-powered platform will only track all cars in Dubai, but later stages will launch coverage for all cars in the…

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Two UAE Investors Learned Bitcoin Isn’t a Get Rich Quick Scheme

Two first-time cryptocurrency investors shared their stories with The National on Wednesday, which illustrate that Bitcoin indeed isn’t the get-rich-quick scheme many people mistakenly believe. ‘ … What I Made, I Then Lost’ First up is a Pakistani investor named Mohammed, who first invested in the Bitcoin market in December 2017. Mohammed told The National: I invested $10,000, made 30 percent and sold a week later. Then I put the whole $13,000 in again a few days later. Mohammed then took out his money when the steep correction began in…

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PR: Education Ecosystem Announces Token Exchange Listings and Chance to Win Three Tesla Model S Cars

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Education Ecosystem (LiveEdu) has announced that their Education token will be issued to crowdsale contributors and also listed on exchanges this week. CEO, Dr. Michael J. Garbade had this to say, “As ICO contributors know, due to legal restrictions we could not start work with centralized…

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Blockchain at the Service of Bloggers: Market Readies a New Format for Bloggers and Advertisers to Cooperate

Forbes recently published data showing that the ten highest-paid bloggers on YouTube collectively earned $127 million in a single year. The magazine analyzed the income of these opinion leaders from June 1, 2016, to June 1, 2017. Advertisers’ rising interest in the blogosphere has led to the appearance of powerful players on the market, offering their services as intermediaries with top bloggers worldwide. Thanks to their steep rise in popularity and strong audience loyalty, in the last two or three years blogs and YouTube channels have become one of the…

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Lawyers Discuss Challenges Posed by Cryptocurrencies During Divorce

Several lawyers have discussed some of the challenges that arise from cryptocurrency ownership during divorce. The anonymous nature of cryptocurrencies creates the possibility for spouses to accumulate wealth that is concealed from their partner. However, this often can lead to parties searching for “pots of gold” that don’t exist. Also Read: Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange Cryptocurrency Holdings Complicate Divorce Proceedings Several lawyers specializing in divorce have shared some of the issues that are now arising during the judicial separation process as a consequence of…

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SegWit Transactions in Bitcoin Hit 30% For First Time

SegWit usage on the Bitcoin network has hit 30% in a new all-time high sparked by uptake from major industry businesses and services. High-speed, Low-fee Bitcoin Emerges Citing data from cryptocurrency hardware wallet manufacturer Trezor, investor and commentator Alistair Milne noted the historic highs continue to come in tandem with an almost empty mempool, leading to rock-bottom Bitcoin transaction fees. SegWit usage continues to skyrocket, hitting 30% for the first time#bitcoin pic.twitter.com/OEexWND9ab — Alistair Milne (@alistairmilne) February 28, 2018 The size of unprocessed transaction fees making up the mempool had…

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Report: Crypto Miners Bought 3 Million GPUs Last Year

More than 3 million graphics cards have been sold to cryptocurrency miners in 2017, with sales reaching $776 million, a new report revealed. According to a major manufacturer, prices of GPUs will continue to increase in 2018, despite expectations of decreasing demand in the mining sector.   Also read: AMD Increases GPU Production to Match Crypto Mining Demand Rising Mining Costs to Slow Down Demand Over three million Graphics Processing Units (GPUs) have been sold to cryptocurrency miners last year, Jon Peddie Research announced in its latest report. The total…

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So Why Did Goldman Sachs-Backed Circle Really Buy Poloniex?

Goldman Sachs-backed startup Circle made waves earlier this week when it acquired cryptocurrency exchange Poloniex. A couple of experts share their thoughts on the implications for the soon-to-be first compliant US crypto exchange and its customers. Most Crypto Exchanges ‘Over-Regulate Themselves’ As the dust settles on Circle’s acquisition of Poloniex, U.S. regulators are keeping a close eye on KYC/AML compliance of cryptocurrency exchanges. Joseph Weinberg, OECD Think Tank Special Advisor and Chairman of Shyft, a blockchain protocol that will create a new standard for the KYC/AML mandates, shared his comments…

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Digital Currency Group Welcomes Bitcoin-Friendly Bank to the ‘DCG Family’

This week the ‘bitcoin-friendly’ financial institution Silvergate Bank sold 9.5 million shares that raised a sum of $114Mn USD during the common stock sale. Some of the capital injection was provided by the venture capital firm Digital Currency Group who welcomed Silvergate Bank into the company’s growing list of partners and subsidiaries. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten ‘Bitcoin-Friendly’ Bank Raises $114 Million in Private Placement Silvergate Bank is a financial institution that has bolstered bitcoin-based companies for quite some time. Silvergate was known for providing…

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