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New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give those running the software the …

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Peter Ryan is a research analyst at CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. In Robert Heinlein’s novel “Stranger in a Strange Land,” the character Jubal Harshaw asks one of his secretaries to identify the color of a house in the distance. She replies, …

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Those running lightning nodes are earning a little extra bitcoin. Trumpeted as a way to scale bitcoin to handle mainstream adoption, there’s a lesser-known perk to spinning up a lightning node to allow users to send cheap, instant payments – you can make money. To be clear, we’re not talking very much. Today’s average fee …

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Blockchain-based social network Minds is migrating its platform to the ethereum network, the startup announced Monday. After roughly four-and-a-half months on its Rinkeby test network, the startup will be moving to ethereum for its full live launch. The firm claims to provide a censorship-resistant, accessible social network for users, especially those in potentially authoritarian nations, …

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A metal frame with four small and two large propellers – carrying a container the size of a refrigerator – rises into the air with a roar, hovering above an empty road amidst snowy fields. The video was shot on the airfield near the Russian city of Kazan, which is located to the south-east of Moscow, …

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Bitmain Technologies, Ltd. is about to go public. According to documents obtained by CoinDesk, the cryptocurrency mining company is filing for an initial public offering (IPO) potentially as high as $18 billion this September at a market capitalization of $40 to $50 billion. It will be listed on the Hong Kong Stock Exchange in Q4 …

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PayPal 2.0? That may have been a rallying cry for early bitcoin believers who saw the cryptocurrency as a superior form of payment, but excitement tapered off as bitcoin ran up against technical limitations. Yet, the idea may now be coming back in vogue – apps being built on the layer-two technology lightning network, which this …

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The price of ethereum classic (ETC), the cryptocurrency that forked away from the ethereum blockchain in 2016, has depreciated more than 30 percent against the US dollar since its listing on Coinbase. Prior to the August 7th listing date, ETC’s price surged on two occasions, the first of which began on June 11th when Coinbase …

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Microsoft has just rolled out an additional consensus mechanism for clients building ethereum-based apps on Azure that does away with mining. Called “proof-of-authority,” the mechanism notably replaces the proof-of-work mining process that is common in public blockchains. However, it is only applicable in a permissioned network scenario – that is, on private or consortium blockchains where …

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A blockchain startup that sets out to offer cross-blockchain payments has announced it is planning to bring its existing stablecoin – a cryptocurrency tied to a stable asset – to the EOS network. Called Havven, the Australia-based project said in a release on Wednesday that it is expecting to issue its nUSD stablecoin on EOS …

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There are many words that could be used to describe Amir Taaki – but today, ambitious is best. The infamous bitcoin developer – known for co-creating Dark Wallet, Darkleaks and OpenBazaar – took the stage during a hackathon he hosted in the wake of the Privacy Enhancing Technologies Symposium (PETS) in Barcelona last week, the same city where …

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The U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month. In an order published on August 7, officials at the agency wrote that they were giving themselves more time to deliberate on whether to approve what would be the …

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Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year. The firm confirmed Monday that it is investing $500 million over the next seven years into a new blockchain data center in the U.S. state as part of its “strategic investment and expansion …

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A new partnership will soon enable ethereum users to attach their addresses to a top-level internet domain name, making it easier to remember the identifiers associated with their assets, wallets and services. The Ethereum Name Service (ENS), which allows ethereum users to replace long addresses with “human readable names” attached to a .eth domain, has …

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Japanese technology giant Sony wants to patent two hardware approaches for hosting and maintaining blockchains, newly published documents show. Sony’s two filings are entitled “Electronic Node and Method for Maintaining a Distributed Ledger” and “Device and System,” revealing for the first time that the company is working on blockchain-related hardware concepts. They also set the …

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Tickets for the first music festival set to be powered by blockchain technology are now on sale. Scheduled for this fall, the Our Music Festival is launching its own virtual currency — the OMF token — at its inaugural event in San Francisco’s Civic Center Plaza. It will be the first musical entertainment experience to …

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The proposals just keep piling in. At press time, a total of six ethereum improvement proposals (EIPs) have emerged, each hoping to alter the project’s code ahead of an upcoming software update (scheduled for October). Driving the debate is ethereum’s so-called “difficulty bomb,” a piece of code locked into the $45 billion platform that makes …

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With $1.7 billion in the bank following its initial coin offering (ICO), Telegram has released its first crypto-friendly feature – but security researchers are skeptical. As detailed in a blog post published today, Virgil Security, a U.S.-based startup, has identified several weaknesses in the new identity verification app, called Passport. While the company praised Telegram …

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Hedera Hashgraph has raised $100 million in a new funding round. According to CEO and co-founder Mance Harmon, the funding will be used to finish developing a smart contract platform, file storage system and a token. Going forward, Harmon continued, the plan is to raise a further $20 million through a public initial coin offering …

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Happy birthday, bitcoin cash. Tuesday marks the one year anniversary of the first block on the crypto protocol that split from the bitcoin network, now the fourth largest by total value, after a years-long disagreement about the course the cryptocurrency should take. For supporters, the main goal for the competing protocol was increasing the block size …

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