Dash, is short for “Digital Cash”, and it aims to become exactly that. A pioneer in the crypto industry, Dash’s protocol is modeled after Satoshi’s original blockchain and adds a few unique features for maximum speed, privacy, and lower transaction fees. Thanks to these innovations, Dash has the potential to become a true standard for transactions between individuals in a decentralized and secure manner. Not only is this one of the most well-established cryptos in the payments space, but the community continues to innovate and bring crypto to new and…
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Control of Highly Demanded Crypto Classes May Spark Turf War at Universities
Can only a law professor teach about smart contracts? Universities have faced several challenges with adding crypto classes to their curriculum such as a scarcity of knowledgeable lecturers and an ecosystem that develops much faster than they can reprint books. Now they also have to worry about different departments bickering over control of the multifaceted subject. Also Read: You Can Now Exchange Your Leftover Euros for Crypto at Schiphol Airport Academic Tug of War Over Crypto Classes Bitcoin, cryptocurrency and blockchain classes are all the rage at academic institutions around…
Read MoreBitcoin Price Near Bottom as ‘Selling Has Become Exhausted,’ Says Market Strategist
Bitcoin’s decrease in volatility may signal that the bottoming process has already begun — but it may still have a way to fall. ‘A Bottoming Process Can Begin’ While everyone and their grandmother know about Bitcoin’s dramatic decrease in value following exorbitant prices in December 2017, many investors and traders in the first and foremost cryptocurrency are less aware of its decreased volatility. As noted by Bill Baruch, President of Blue Line Futures, the cryptocurrency market leader’s rolling 30-day annualized volatility is down to around 61 percent — an insignificant…
Read More‘With Bitcoin We Cannot Rely On The Law of Man’ – Samourai Wallet (Interview)
Bitcoinist spoke with the founder and developer of Samourai wallet, the most privacy-focused bitcoin software wallet, self-described as a “Bitcoin wallet for the streets.” The pseudonymous developer, who we’ll refer to as ‘Samourai,’ explained the importance of privacy in transacting, why Samourai is the most secure wallet to date, and why they have zero plans to support altcoins. We’re not going to wait for others to build the tools we want to see. – Samourai Wallet Bitcoinist: How does Samourai wallet differ from your typical Bitcoin cryptocurrency wallet? Why do…
Read MoreThe Rich are Getting Richer, But Still Don’t Get Cryptocurrency
The Capgemini World Wealth Report 2018 has revealed the rich are getting richer — and want better advice from their wealth managers on cryptocurrency investments. According to the report published June 19, 2018, high net worth individuals (HNWIs), with at least $1 million to invest outside of their main property investments, aren’t getting enough information about cryptocurrency investing from their wealth managers. The Capgemini report states: Cryptocurrencies gained global attention in 2017, but the wealth management industry remains cautious. The figures suggest that 29 percent of millionaires have a high…
Read MoreMajor Korean Crypto Exchange: $31 Million Vanishes
Bithumb, South Korea’s largest crypto exchange announced on its website that between Tuesday evening and Wednesday morning, Korean time, 35 billion won (about 31.5 million USD) worth of cryptocurrencies vanished. Just a few hours later, the announcement was taken down, along with promises of compensation. At press time, it appears Twitter announcements of the heist remain published without explanation. Also read: Bithumb to Lower Withdrawal Limit for Crypto Traders Not Using Real-Name System Korean Bithumb Loses $31.5 Million Less Than 2 Weeks After Coinrail Attack Bithumb is the second Korean exchange…
Read More“I Am the Real Satoshi” Claims Hawaiian Man After Filing Bitcoin Cash Trademark
This week the Bitcoin Cash (BCH) community had found that two trademark filings for the phrase ‘Bitcoin Cash’ were registered with the United States Patent and Trademark Office (USPTO) over the past year. One trademark filing was registered with the USPTO on May 18, 2018, but the individual who registered it is an accused con-artist from Hawaii who was charged with bilking millions of dollars from residents within the Honolulu region in 2001. Also Read: Chainbet Protocol Adds Trustless Multiplayer Bets, Auctions, and Dice Rolls A Bitcoin Cash Trademark Filed Last…
Read MoreJohn McAfee Quits Promoting ICOs ‘Due to SEC Threats’
It appears the days of John McAfee promoting initial coin offerings (ICOs) are over. In a tweet on June 18, 2018, McAfee announced his decision to no longer work with ICOs. McAfee Backs Out of ICO Promotions ‘Due to SEC Threats’ McAfee’s tweet was a response to a question posed by one of his followers, asking him to recommend a viable ICO investment. McAfee responded by stating he would no longer promote any ICO “due to SEC threats.” He warned others still promoting and endorsing ICOs that they were risking…
Read MoreHacked Korean Crypto Exchange Unveils Plan to Restart Service Amid Controversies
South Korean cryptocurrency exchange Coinrail has unveiled its plan to resume service despite surrounding controversies. The exchange reportedly removed a key part of its terms of service right before it was allegedly hacked, arousing suspicions. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Service Could Resume Around July 15 South Korea’s seventh largest crypto exchange, Coinrail, reported that it was hacked on June 10. The damage is estimated to be around 45 billion won (~US$41 million). Coinrail’s notice. On its website, the exchange states that 70% of its total…
Read MoreSkycoin Freezes Funds After Staff ‘Take CEO Hostage’ And Steal 18 BTC
Allegations of criminal activity continue at Skycoin as executives freeze funds to contain fallout from a theft by the coin’s own marketing team. 18 BTC, Skycoins Stolen In ‘Burglarization’ Skycoin, which describes itself as “the most advanced blockchain platform in the world,” saw massive sell-offs this month after it emerged insider trading had taken place around the time Binance announced it would list the coin in May. In a blog post June 18, Skycoin confirmed details of what is described as a “burglarization” involving its CEO, who is known as…
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