Posts in category

Decentralization


Innovation is never easy. That said, sometimes it can be that much harder. Such was the case for crypto project Bancor this week, which saw its design decisions and strategy picked apart on social media as it sought to contain the damage from a multimillion-dollar hack. On Monday, the project announced its app was down for maintenance, and …

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A long-controversial bid to change bitcoin just got a big boost. Boasting the support of tenured developers, a non-profit foundation called PoWx launched this week with the goal of putting a more sophisticated wrapper on the idea to that proof-of-work (PoW), the way the network comes to agreement on which transactions are valid, could be replaced with …

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If the future is to bring an endless variety of cryptocurrencies and tokens, the world will need a wallet that can hold them all. Now, two of the most prominent startups in the sector are teaming up to entice developers to build just that. Announced Wednesday, decentralized internet startup Blockstack (through its venture capital fund, the Blockstack …

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Correction (16th April 5 p.m. EST): An earlier version of this article inaccurately reported that the $775k was drawn from a recently conducted SAFT sale. According to 0x, the funds were sourced from a SAFT sale conducted last year with investors. This article has been updated to amend the inaccurate information. Decentralized exchange protocol developer …

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Decentralized exchange protocol developer 0x raised $775,000 in just a few days through a Simple Agreement for Future Tokens (SAFT) sale, new filings show. A Form D filing with the U.S. Securities and Exchange Commission from April 3 reveals that 22 investors participated in the round. It is not immediately clear who backed the sale …

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The US National Security Agency (NSA) is reportedly able to locate senders and receivers of Bitcoin around the world, as classified documents provided by Edward Snowden reveal, The Intercept reports March 20. The sources used for this article were disclosed to The Intercept, a publication dedicated to ‘adversarial journalism’ founded by Glenn Greenwald, Laura Poitras, …

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Auditing firms have long kept businesses and financial institutions in check with thorough investigations of company accounts. The process ensures that everyone plays by the rules which protects both employees, investors and customers from being burned by dodgy accounting practices. In what is a big move for cryptocurrency and Blockchain technology, accounting giants PricewaterhouseCoopers will …

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In late January 2018, Streamity, a Singapore-based startup with Russian roots, released its cryptocurrency exchange app StreamDesk, which is able to exchange various currencies from user to user with no intermediary. The project is now working on creating the decentralized platform, which they claim, “will revolutionize the modern crypto exchange market.” Looking to the market At least …

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The Fire Lotto project, founded by Russian entrepreneurs in Cyprus, has launched an online lottery platform that is built on Ethereum smart contracts. Despite its relatively recent emersion on the online gambling market, Firelotto has already started four lottery games on its website and reported to Cointelegraph that initial guaranteed prize pool exceeds $1 mln. …

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In our Expert Takes, opinion leaders from inside and outside the crypto industry express their views, share their experience and give professional advice. Expert Takes cover everything from Blockchain technology and ICO funding to taxation, regulation and cryptocurrency adoption by different sectors of the economy. If you would like to contribute an Expert Take, please …

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Steve Bannon, the former aide to President Donald Trump and a firebrand of right-wing populist movements, is now touting the liberating potential of cryptocurrency and blockchain technology. Bannon alluded to both the financial and nonfinancial applications of blockchain, such as for managing personal data, on Tuesday at an event in Zurich sponsored by the Swiss …

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A Romanian startup has set out to build a specialized Blockchain-based fundraising platform for philanthropic organizations such as Unicef, Red Cross or Save The Children to improve speed and transparency of payments. Year-end launch planned GoHelpFund is harnessing Blockchain and smart contracts, both of which significantly enhance speed and security of payments when compared with …

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The startup that oversees development of the world’s third most-valuable cryptocurrency, XRP, is moving to upgrade the underlying technology on which it operates. Announced Wednesday, San Francisco-based startup Ripple is releasing two new white papers for peer review – one describing XRP‘s consensus algorithm in a more formal way and the other outlining a way to …

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The new major Bitcoin Core client version, released for public editing Feb. 15, includes full Segregated Witness (‘SegWit’) support for the first time, among a host of other upgrades. The description of Bitcoin Core 0.16.0 on Github promises “new features, various bugfixes and performance improvements” of which SegWit support is the conspicuous headliner. Demand for …

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In modern sport, it is often the financial side that draws equal attention to the action itself. Sponsorship, advertising and complicated contracts are just as important as the action on the field. As the stakes continue to rise, it can be difficult for young athletes to break through without exceptionally high levels of financial backing. …

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J.P. Morgan has called cryptocurrencies the “innovative maelstrom” around Blockchain and said they are “unlikely to disappear” in what appears to be an internal report from the company, published Feb. 8, 2018. In an extract from what is allegedly the banking giant’s executive summary on cryptocurrency, the company appears bullish on crypto’s future. “Cryptocurrencies are …

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Blockchain regulation in Germany will get a “comprehensive strategy” and “legal framework advocacy” from government in a new push for legitimacy, according to a press release published by Blockchain Bundesverband on Wednesday, Feb. 7. A report from a consultation involving lawmakers and the lobby group Blockchain Bundesverband highlights a positive future for the technology, with …

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A new Ethereum Blockchain based platform called Acorn seeks to create an open, global community and marketplace for crowdfunding- opening it up to new participants such as those living in developing countries. By incorporating P2P smart contract based governance, Acorn plans to supersede the current roster of crowdfunding platforms, and offer a service which will …

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The Legolas project, founded in France in 2017, is going to launch an innovative cryptocurrency and fiat exchange in Q3 2018. Despite its relatively recent emersion on the Blockchain startups map, the Legolas Exchange has definitely made a splash, having raised over 1,500 BTC (about $15 mln) during its private sale that was closed at the …

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