Friday , 18 August 2017

News

Bitfury and Ripple have developed a scaling solution for blockchain systems

These days blockchain services firm Bitfury and payments network provider Ripple are releasing new code that makes it possible to conduct Lightning-style transactions across a range of both blockchain and legacy payment networks. While still in its early stages of deployment, it’s believed the Lightning Network could one day expand bitcoin’s capacity to millions of transactions by moving those transactions …

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Vitalik Buterin is in the top 10 most influential people under 40

Vitalik Buterin got into the top 10 people rating “40 to 40” edition of Fortune. The annual rating is made up of 40 of the most influential young people in business. Vitalik Buterin is a Russian-Canadian programmer and entrepreneur. He is famous for being a co-founder of the Bitcoin Magazine and Ethereum, currently the second-highest capitalized cryptocurrency after Bitcoin. Ethereum …

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Shapeshift acquires hardware wallet Keepkey

On August 16 the Switzerland-based cryptocurrency exchange ShapeShift, has announced the firm has acquired the cryptocurrency hardware wallet startup Keepkey. This week the Seattle-based startup and digital asset hardware wallet creators, Keepkey, were acquired in an “all cash deal” by the multi-currency trading platform Shapeshift. Last year the hardware wallet company announced Shapeshift integration, which allowed Keepkey users to exchange …

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Russia Begins Work on Developing Blockchain Standards

Russia’s national standards authority is working toward the standardization of blockchain and distributed ledger technologies. Russia’s Federal Agency for Technical Regulation and Metrology, also known as Rosstandart, has announced the formation of a new technical committee tasked toward the standardization of “the software and hardware of distributed register and blockchain technologies”. In its announcement, the Rosstandart adds that blockchain technology …

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Blockstream is launching Blockstream Satellite

Today, the bitcoin infrastructure company is launching Blockstream Satellite, an ambitious attempt to use leased satellites to beam bitcoin nearly anywhere in the world. Now in beta, bitcoin users in Africa, Europe, South America and North America can already use the satellites to download a working bitcoin node capable of storing the network’s entire transaction history. But while complex conceptually, …

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Stratis implements Tumblebit technology into its Breeze Wallet

This week the Stratis project announced a full implementation of Tumblebit into the firm’s “Breeze Privacy Protocol” which aims to offer a safe way to anonymize cryptocurrency transactions. The Stratis Platform is a project that leverages a native token called “Strat” while also utilizing the backbone of bitcoin’s blockchain as well. The company, founded in 2016, focuses on providing developers …

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BTC-E Offers Users Free Trading for Exchange Issued Debt Tokens

Late last month, BTC-e’s domain was seized, shortly after 38-year-old Russian national Alexander Vinnik was arrested for laundering $4 billion in bitcoin. At the time, it was believed that he was the exchange’s admin but, as updates started rolling in, the exchange revealed that he was never an employee. According to reports, the Russian national allegedly laundered funds through the …

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Bitcoin forges new highs

Bitcoin’s relentless surge continued over the weekend, with prices crossing $4,000.00 for the first time since the cryptocurrency was introduced back in 2009. The BTC/USD exchange rate reached a high of $4,190 for a new all-time record, according to Bitstamp. After a brief pause, Bitcoin’s breathtaking rally resumed in mid-July. Prices have since doubled in value and are up nearly …

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A scaling framework for Ethereum was presented

Plasma, a scaling framework for Ethereum which has the potential to drastically optimize smart contracts and streamline the process of settling financial activities on the Ethereum Blockchain have been introduced by Joseph Poon, the author of the Lightning Network and Vitalik Buterin. According to the official whitepaper of Plasma, co-written by Poon and Buterin: “We propose a method for decentralized …

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