Tag: obitx
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How cryptocurrencies actually work
byBy Laura Desmond A simplified introduction to transactions and ledgers Prior articles posted described how to build a simple blockchain and how to learn how to code elliptic curve cryptography. This gave the step by step guide on how to implement some basic functions of blockchain technology. I would kindly recommend to read those articles first […]
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What on Earth happened to ICOs?
byKeep your pants on for now. ICOs are having a hard time, but they are not dead. The ICOs (Initial Coin Offering) are in deep trouble. When a year ago a typical shelf company with 20 selfies as a team and shady whitepaper with no product, no money and no skills could raise millions of $. […]
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Blockchain smart contracts: avoid the pitfalls
byBy Laura Desmond 9 factors to address when architecting your smart contracts Smart contracts, a primary focus of distributed applications on blockchain technologies, are a key area expected to deliver disruption. But while there is strong potential, there are challenges to overcome. Many of the business implications are specific to the nature of cryptocurrency smart […]
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Overstock’s Medici Ventures Invests in Blockchain Platform to Fight Wine Counterfeits
byOverstock.com’s venture capital subsidiary Medici Ventures has invested in Israeli-based technology company VinX to develop a blockchain-powered wine futures platform, according to a press release published October 4. The exact amount of the investment was not disclosed. Per the announcement, VinX plans to develop a token-based digital wine futures platform based on the Bordeaux futures model, that will enable […]
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10 things blockchain isn’t
byBy Laura Desmond Even in 2017 blockchain technology was considered overhyped. Everybody and their cousin began to believe that blockchain was going to disrupt every industry, change the face of the earth, and make obscure ICO investors millions in the process. This hype and excitement around cryptocurrencies led people to believe some crazy things about blockchain […]
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Public Sale of Venezuela’s State Crypto Petro to Commence on November 5
byWith the Petro now officially launched, the public sale of the state-backed cryptocurrency will begin early next month. In a televised address on October 1 during Venezuelan president, Nicolas Maduro announced that the public sale of the Petro will kick off on November 5. Though he did not list names, Maduro also indicated that the state-backed cryptocurrency is currently […]
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Lessons Learned for Crypto and Blockchain
byShould you be HODLing or FODLing? This time last year, you were jetting off to Switzerland to attend a blockchain conference, where you were told that blockchain was the new religion, that every industry was going to be disrupted, and decentralized apps (dapps) were going to revolutionize the world. You watched ICO after ICO parade up […]
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Hacker Zaps Coca-Cola VM to Accept Bitcoin via Lightning Network
byA Brazillian computer programmer built a Coca-Cola vending machine that accepts bitcoin payments over the Lightning Network (LN). Bitcoin-Powered Coke Vending Machine Ricardo Reis described his feat in a Medium post on Oct. 2, in which he also mentioned the accessories that were employed to create the bitcoin-enabled Coke portal. In addition to applied programming techniques […]
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Brazil: Antitrust Watchdog Sends Questions to Crypto Exchanges After Bank Account Closures
byBrazil’s antitrust regulator has sent a questionnaire to crypto exchanges whose banks accounts have previously been closed, major Brazilian financial newspaper Valor Economico reportsTuesday, October 20. The Brazilian Administrative Council for Economic Defense (CADE), operated by the local Ministry of Justice, sent the questionnaire to ten companies: Bitcoin Market, Bitcambio, BitcoinTrade, Foxbit, Walltime, Braziliex, BitBlue, Open Digital […]
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We Need to Talk About Crypto Marketing
byBy Laura Desmond The late comedian Bill Hicks famously ripped into marketers, telling them: “There’s no rationalisation for what you do and you are Satan’s little helpers. Okay — kill yourself.” In the wake of scam projects and overzealous ICOs, the disdain Hicks showed for marketing reverberates around the crypto space, but marketing itself is not intrinsically evil; […]
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