Category: Cryptocoin
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6 Outrageous Moments In Crypto Twitter Scam History
byScammers are a nuisance. Perhaps nowhere else within the cryptocurrency space have scammers become more frustrating than on crypto Twitter. The social media site has been overtaken with accounts impersonating notable figures and businesses promising tens of thousands of bitcoin or ether or XRP, in return for users merely sending a small amount of a […]
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EOS Is Coming, If Anyone Can Figure Out How to Vote
byAfter a year-long initial coin offering (ICO), what has perhaps become the most hotly anticipated blockchain is scheduled to launch on June 2. That blockchain is EOS, which has raised more than $2 billion in its token sale for Block.one, the company that created what’s being touted as a dramatically more scalable and user-friendly version of […]
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Austrian Regulator Freezes Crypto Mining Firm Amid Investigation
byAustria’s Financial Market Authority has barred a cryptocurrency mining firm from operating, alleging that the company violated the nation’s banking laws. The regulator announced Tuesday that it had “prohibited the business model of INVIA GmbH,” a mining firm, claiming that it was offering an unauthorized Alternative Investment Fund in violation of the Austria Banking Act. […]
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What to Expect When Ethereum Classic Diffuses Its ‘Difficulty Bomb’
byEthereum classic (ETC) is set to fork in the coming days as part of a bid to diffuse a so-called ‘bomb’ in its code. Set for block 5,900,000, the change, in which all users of the original ethereum blockchain will need to update their software, is meant to disable a feature that is designed to increase the difficulty […]
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Cryptocurrency Market Continues to Fall as Bitcoin Price Seeks Support at $6,700
byOn previous reports, CCN emphasized that the price of bitcoin will likely fall to the higher end of the $6,000 region in the short-term. Over the past 24 hours, the bitcoin price has dropped by 2.5 percent, from $7,580 to $7,350, dipping below the $7,300 mark at one point. Lack of Momentum Throughout 2018, the […]
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After Last Year’s Mempool Drama, Batched Bitcoin Transactions Finally on the Rise
byWhen bitcoin transaction fees hit record costs in mid-to late-2017, a race for solutions was in force. The most workable one came in the form of batching bitcoin transactions, and batching’s popularity has increased in the background of a general bear market that started in early 2018. Technical Underpinnings of Batching At the time, it […]
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Bitcoin Wallet Xapo Implements Scaling Solution SegWit
byTed Rogers, the president at Xapo, a widely utilized cryptocurrency wallet and vault, has revealed that the platform has activated Segregated Witness (SegWit), the scaling solution developed by the Bitcoin Core development team. SegWit Adoption and Importance of Xapo Earlier this month, Tom Metcalf at Bloomberg reported that Xapo’s cold wallet stored in its underground bunkers in […]
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Commerzbank Conducts €500k FX Transaction Using R3’s Corda
byGermany’s Commerzbank and multinational conglomerate Thyssenkrupp successfully conducted a foreign exchange transaction on a blockchain platform, Reuters reported Thursday. Thyssenkrupp transferred 500,000 euros using R3’s Corda platform through a EUR/PLN FX Forward deal, or a contract locking in an exchange rate between the euro and the Polish zloty at some point in the future. Because […]
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MIT Tests Smart Contract-Powered Bitcoin Lightning Network
byAn MIT test is providing a rare glimpse of how bitcoin might truly work at scale. Revealed to CoinDesk last week, the prestigious U.S. university has been quietly demoing an experimental use case for bitcoin’s lightning network, one that showcases how it might be combined with smart contracts to not only handle millions of transactions, but […]
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Bitcoin, Ethereum Prices Drop 3% in Sluggish Crypto Market: Factors and Trends
byOver the past 24 hours, the valuation of the cryptocurrency market has dropped from $390 to $373 billion, by more than $17 billion. The bitcoin price dipped below $8,300 and the value of Ether, the native cryptocurrency of the Ethereum network, dropped to $690. Main Factors Behind the Cryptocurrency Market Slump The recent correction of […]
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