Wednesday , 28 June 2017

News

Petya Bitcoin ransomware attacks Ukrainian and Russian computers

Today near 2 pm. a new virus displaying behavior markedly similar to WannaCry attacked Russian and Ukrainian company computers. Due to the virus attack, the largest infrastructure hubs of the economy have stopped. According to operational information, Ukrtelecom, Kyivenergo, Ukrposhta, DHL, Novaya Pochta and a number of large banks already lie. Everywhere one problem. Through the holes in security systems, …

Далі  »

EU will consider adopting AML laws that address Bitcoin exchanges

The European Parliament will consider the proposed modification of current anti-money laundering laws that were published in Italy late last month. The Italian Minister of Economy initiated discussion pertaining to the draft legislation in December 2016. The modified law, AML4, was introduced in Italy with its publication in the Italian Official Journal of the Legislative Decree 25th May 2017. The …

Далі  »

GDAX will compensate investor losses in ETH flash crash

Ethereum experienced intense volatility last week, leading to its price crashing as low as $0.10 on GDAX. The exchange now says that it intends to compensate customers for whom stop-losses were triggered during the fall. Ethereum has been one of the star performers in the cryptocurrency space, rising over 40x in 2017. However, network congestion and two ICOs resulted in …

Далі  »

Electrum Bitcoin Wallet simulates chain split on Bitcoin Testnet

In the Bitcoin space there’s wide spread opinion about “danger” of a chain split, and the unending mantra “more hashpower = more security.” Some analysts believe that a significant reduction in hashpower could be experienced by the Bitcoin blockchain, however, without the chain becoming significantly more insecure. The development teams in both theoeretical forks, if intending to maintain their chains, …

Далі  »

Bitpay has announced Bitcoin wallet app for Windows Phone users

Leading bitcoin payment processor Bitpay has announced the development of their bitcoin wallet app for Windows Phone users. With Windows accounting for less than 1% of the total smartphone market share, the array of mobile cryptocurrency applications available to Windows smartphone users has been very limited, as many developers have opted to focus their attention on the Apple and Android …

Далі  »

Ukrainian government plans to launch Blockchain Land Registry Trial in October

This Wednesday a government meeting took place and there were revealed plans to trial a land registry system underpinned by blockchain. Maksym Martyniuk, First Deputy Minister of Agricultural Policy and Food, unveiled the pilot project, planned to start in October. According to local media reports, the scheme will introduce blockchain to the Eastern European country’s State Land Cadastre and digitize …

Далі  »

Ethereum blockchain undergoes transaction backlogs

Because of media interest, not to mention projects raising funds via initial coin offerings (ICOs), transaction backlogs were visible on the ethereum network. Data from ethereum information provider Etherscan shows that more than 300,000 transactions were broadcast on 20th June, the highest amount ever observed on the two-year-old blockchain. The rise in activity has also pushed the size of ethereum’s …

Далі  »

Necessity of second layer Blockchain on top of Bitcoin

Nick Szabo, prominent blockchain, cryptocurrency, and smart contracts pioneer, recently emphasized the necessity and importance of a peripheral or second-layer network on top of the bitcoin blockchain to settle smaller transactions in a more efficient and secure manner. Previously Microsoft head of decentralized identity Daniel Buchner criticized Bitmain for their vision and viewpoint on two-layer solutions such as Lightning. In …

Далі  »

Accenture and Microsoft have teamed for developing Blockchain digital ID platform

Technology powerhouse Microsoft in partnership with services giant Accenture will build an unprecedented global digital ID program to provide legal identification to 1.1 billion people without documents around the world. The two companies unveiled a prototype of the tool today at the United Nations headquarters in New York as a part of the ID2020 program. The public-private partnership consortium sees …

Далі  »

70 % of the Bitcoin hashrate is signaling Segwit2x

On June 16 the alpha code for the scaling solution Segwit2x was released to the public following a large number of mining pools having vocally supported the plan. Since then a large majority of miners who back the Segwit2x roadmap have started signaling with their hashrate. On June 18 the mining pool Bitfury began signaling for the New York agreement …

Далі  »