Technologies

Dow Jones Media tests Blockchain technology with Brave Browser

The Dow Jones Media Group and the Blockchain-powered privacy-oriented web browser Brave have formed a partnership to test Blockchain technology in digital advertising, according to a press release published yesterday, April 18. Brave, which was developed by the Brendan Eich, creator of JavaScript and the co-founder of Mozilla, raised $35 mln in 30 seconds durings its Initial Coin Offering (ICO) …

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Hong Kong securities watchdog warns on ICOs

In a speech at an investment industry function on Friday, Julia Leung,the head of the Hong Kong Securities and Futures Commission (Hong Kong SFC), once more cautioned the public over fundraising activities associated with the technology, admitting that the type of fundraising conducted through Initial Coin Offerings (ICO) is better suited to venture capital funds. Julia Leung, who is also …

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Monero hard fork was successful

Monero activated its semi-annual hard fork on Friday, bringing a host of new upgrades to the 10th-largest cryptocurrency. One particular upgrade, though, threatens to split the network into two competing chains. At block number 1546000 (08.20 UTC on Friday), the software upgrade of the cryptocurrency went live, according to data from blox.minexmr.com. Due to the controversial nature of the upgrade, …

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Bitcoin Cash plans a 32 MB hard fork

The lead developer of full-node client Bitcoin ABC Amaury Séchet has confirmed that Bitcoin Cash (BCH) will fork on May 15 to allow for bigger block sizes along with some other adjustments. The fork was expected as the Bitcoin ABC lead developer Amaury Séchet announced intentions to fork a few months ago. Further, Séchet explained that it would be easier …

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Trezor confirms upcoming cashaddr support for Bitcoin Cash

There’s good news for Bitcoin Cash users as Trezor announces upcoming support for cashaddr, a BCH address format. The announcement is a significant development for Bitcoin Cash as support from the most popular hardware wallet could spell new money coming into the market, or at least increased security for those wishing to safeguard their investment carefully. The news was announced …

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Bitcoin’s Lightning Network is being attacked

A handful of developers reported lightning nodes crashing, temporarily stopping them from sending payments using the technology designed for faster, cheaper bitcoin transactions. The Lightning micropayment network has faced a strong DDoS attack in the end of march, which resulted in about 200 nodes being disabled. Crypto-enthusiasts attribute responsibility for the attack to the supporters of the failed SegWit2x fork. …

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Ford Wins Patent for Cryptocurrency-Fueled Vehicle Technology

Americans could soon be doing cryptocurrency transactions from their vehicles and arriving at their destinations faster. A subsidiary of Dearborn, Mich.-based Ford Motors has been granted a patent by the United States Patent and Trademark Office for a cryptocurrency-fueled technology to power its cars. It’s called the Cooperatively Managed Merge and Pass (CMMP) It was filed in 2016 and was …

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LitePay abruptly shuts down

The Litecoin Foundation announced in a post on its website on Monday that LitePay, a potential Litecoin merchant solution similar to BitPay, has abruptly terminated its operations. LitePay – which also claimed it would offer a crypto wallet and “LitePay debit card” through which users could convert litecoin into U.S. dollars – was unveiled in December of 2017 and set …

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Bitmain Has Developed an Ethereum ASIC Miner, Wall Street Analyst Claims

A leading Wall Street research firm has slashed price targets for leading chipmakers Nvidia and AMD, claiming that it has received confirmation that cryptocurrency mining hardware manufacturer Bitmain has begun producing Ethereum ASIC miners. Writing a Monday note to clients, Susquehanna analyst Christopher Rolland said that the firm had recently confirmed that the China-based Bitmain — by far the largest …

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Belarus adopts cryptocurrency accounting framework

According to the yesterday report of local news outlet Jourtify, the Ministry of Finance in Minsk has developed a new standard that specifies the procedures for keeping accounting records of crypto transactions. The document does not explicitly mention cryptocurrencies, which are not regarded as legal tender in Belarus. Nevertheless, it effectively regulates the reporting of cryptocurrency flows. The obligations of …

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