Category: cryptocurrencies

The UK prime minister Theresa May has said the government “should be looking at cryptocurrencies and Bitcoin very seriously.” ‘We Need To Look At It’ In rare direct comments to Bloomberg at the ongoing World Economic Forum 2018 in Davos, May went on record to state that crypto’s possible use “particularly by criminals” is cause for additional scrutiny from lawmakers. “…It is something that has been developing, obviously, increasingly developing; I think it’s something that we do need to look at,” she added.   May was speaking on the more…

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Cryptocurrency enthusiasts are excitedly anticipating the full implementation of several new technologies and schemes that promise to help address Bitcoin’s scalability problem, such as Segwit, Lightning Network, and Schnorr signatures. Most recently, to enhance the Schnorr signatures algorithm, a group of researchers has introduced a simple multi-signature scheme: MuSig. MuSig Will Reduce Transaction Signatures Bitcoin transactions require signatures, but these signatures take up significant block space. This situation gets worse when multiple addresses are involved in a transaction because each address needs its own signature. As a result, transaction size…

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Zhao Dong, a prominent Chinese early bitcoin adopter and shareholder in Bitfinex, recently posted on Weibo seeking to provide anecdotal evidence as to the integrity of Bitfinex and Tether’s financial reserves. The post claims that Zhao Dong and Lao Mao, the chief executive of Big.one, have witnessed first hand the balances of Bitfinex and Tether’s respective bank accounts during a meeting with Bitfinex’s chief financial officer, Giancarlo Devasini. The post alleges that the combined bank accounts of Tether and Bitfinex hold nearly $3 billion USD. Also Read: Rapper 50 Cent Has…

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Most of the news about Ripple has been negative over the past month. The company’s XRP token has fallen from its great height by over 65%, so it is in need of a boost. That came this week when Ripple announced two new partnerships for its xRapid pilot project. According to reports, a telecommunications company and an international payments specialist will be the latest to use Ripple’s highly volatile currency as part of their money transfer operations. The companies are publicly traded IDT Corp, a New Jersey-based telecommunications provider, and…

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Mark Twain said, “During the gold rush it’s a good time to be in the pick and shovel business.” Why? Because pick and shovel businesses make money even when the people who use them don’t find gold. This is a perfect metaphor for how to make money in crypto irrespective of the volatility. In this case, the pick and shovel businesses are the exchanges, wallet providers, and all the other crypto service providers. Unfortunately, most of these companies are private and therefore not open for investment. But, there are some…

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This week, Sander Wuyts, a Ph.D. student from the University of Antwerp (UAntwerp) and Vrije Universiteit Brussel (VUB) completed an extraordinary competition that involved bitcoin and DNA-related research. Wuyts was the first to decipher hidden messages in a tube of DNA in a scientific challenge where he won a single bitcoin for his accomplishment. Also Read: Analysts and Bullion Dealers Notice a Relationship Between Gold and Bitcoin Storing Data In DNA Sander Wuyts considers himself a “DNA-junkie,” and he’s a big believer in science and technology. Back in 2015, the European…

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Despite the warnings of the Israeli regulator that it won’t tolerate bitcoin to get somehow backdoor listed on the Tel Aviv Stock Exchange, public companies keep pivoting into the field. The latest example is a firm that focused on oil refineries until now. All of a sudden it announced plans to sell bitcoin ATMs to casinos in Turkish occupied Northern Cyprus, and possibly Nigeria. Also Read: Analyst: IOTA Sharply Overvalued Due to “Overwhelming Evidence of Serious Flaws” Bitcoin Is the New Oil Chiron Refineries LTD (TASE:CHR), a company which focuses on…

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