A mooted Bitcoin Embassy shall be the first of its kind, since an early attempt in New York City, for a bitcoin gathering place. It was American Institute for Economic Research (AIER) Editorial Director Jeffrey Tucker who had a revelation of sorts to establish a Bitcoin Embassy in the United States. The idea is to bring cryptocurrency enthusiasts together. Promising a welcoming environment staffed by people who can help with wallet recovery, other folks who’re curious about a new technology, seminars, and even a place for Dilly Dilly and wine,…
Read MoreMonth: February 2018
Vladimir Putin Endorses Blockchain: Russia Can’t Be ‘Late In The Race’
Russian Federation President Vladimir Putin endorsed blockchain technology during a meeting on Sunday with Herman Gref, the president of Sberbank, Russia’s largest bank. ‘We Need Professionals in This Field’ Gref, who said his bank would implement blockchain into its business, suggested to Putin that the Russian government should include blockchain technology in education and professional training, according to a translation by YouTube channel Russia Insight. Blockchain technology is one of the key components of cryptocurrency networks such as Bitcoin and Ethereum. “We need professionals in this field,” he said. He also…
Read MorePR: LiveTree – the Beginning of the End of the Centralized Entertainment Industry
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. Over the decade, our approach to content has changed drastically. There was a time when VHS was the source of entertainment and household fights revolved around “Who taped over the birthday with the basketball?” Subscription and Video-On-Demand services like Netflix changed things for the better…
Read MoreKorea Investigates 20 Public Companies for Using Crypto Claims to Boost Share Prices
The South Korean financial authorities are investigating 20 publicly listed companies for unfairly using cryptocurrency claims to boost their share prices. Crypto-related companies do not always follow through with their plans after seeing their share prices surge. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Investigating 20 Companies The South Korean Financial Supervisory Service (FSS) has been investigating 20 crypto-related companies listed on the country’s stock exchange, Kosdaq, for unfair practices, local media reported. The country’s financial authorities have also issued a warning to investors “that a number…
Read MoreBitcoin.org Owner Asks the Community to Change Bitcoin’s Central PoW Algorithm
This week the owner of the web portal Bitcoin.org and Bitcointalk, a pseudonym called Cobra wrote an open letter to the bitcoin community asking them to think about changing the Bitcoin core network’s Proof-of-Work algorithm. Also read: Ross Ulbricht Denied Post-Conviction Relief Extension Bitcoin.org Owner ‘Cobra’ Says Bitcoin Mining Is Controlled By One Man and His Company The owner of two well-known bitcoin websites has sparked controversy once again as he’s written an open letter to the community asking for a Proof-of-Work (PoW) consensus change. Cobra says bitcoin is slowly becoming…
Read MoreBulletproofs: The Latest Technique to Improve Bitcoin’s Confidentiality
Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin’s scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed to improve security and privacy. Now, to enhance CT capabilities, researchers are introducing a new efficient zero-knowledge proof protocol called Bulletproofs. Bulletproofs To Improve Bitcoin Confidentiality A team of researchers has recently put forward a paper entitled “Bulletproofs: Short Proofs for Confidential Transactions and More.” In it, the team proposes: [Bulletproofs are] a new non-interactive zero-knowledge proof protocol with…
Read MoreBank of America Acknowledges the Threat Posed by Cryptocurrency
For all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, Bank of America has acknowledged a range of threats that could affect its hegemony – and one of them is cryptocurrency. Also read: Bitcoin Is Finding Its Way into High Schools Bank of America Tells It…
Read MoreTrading Tip `The Wall´ – Meet the TA Gods
Whether TA works or not is a topic discussed ad nauseam in cryptocurrency circles. As a cryptocurrency trader with a fascination for engineering, math and science, I backtested the entire spectrum of the most popular bitcoin TA indicators in early 2015 using the now defunct Tradewave-platform, in search of that magic formula that would allow me to make money on auto-pilot. I did not find it. Also read: Drop Tokens That Suffer From Overtokenization Meet the TA Gods Currently, I’m working on recreating a 2018 version of that experiment, the results…
Read MoreLargest Irish Residential Property Developer Building Homes for Bitcoin
Bitcoin continues to gain acceptance as a viable form of payment as Ireland’s largest homebuilder now accepts the dominant cryptocurrency for new properties. Luck O’ the Bitcoin According to Raidió Teilifís Éireann — a semi-state company and the national public service broadcaster of the Republic of Ireland — the country’s largest homebuilding company plans on accepting Bitcoin as a form of payment. Hagan Homes, based out of Ballyclare, will be the first home construction company in Ireland to accept the dominant cryptocurrency. Large housebuilding firm set to accept Bitcoin https://t.co/YYUkPMUtSW —…
Read MoreJapanese Police Reveal 669 Money Laundering Cases Tied to Local Exchanges
Just recently Japanese investigators revealed they had obtained 669 reports concerning “suspected money laundering” tied to cryptocurrency transactions and domestic digital currency trading platforms. The linked data was derived from investigations spurred by the recent transaction reporting statutes licensed exchanges are required to follow. Also read: Bitcoin Is Finding Its Way into High Schools Japanese Police Are Reviewing 669 Alleged Money Laundering Cases Tied to Cryptocurrency Trading Platforms This week Japanese police told the press that they are reviewing 669 cases that involve possible money laundering and cryptocurrency exchanges. The cases…
Read More