Tale as old as time (or as Silk Road). Bitcoin is once again in the eye of the storm after WannaCry hackers dragged the digital currency back where it used to be when Silk Road was up and running. The cryptocurrency is being discredited yet again —with good reason, one might say.
The Depository Trust and Clearing Corporation, a firm which offers back-end trading services to countless Wall Street companies, announced plans to replace one of its central databases with a distributed ledger technology (DLT) framework. The project will not use Bitcoin’s blockchain —instead, it is building a distributed ledger which will be open exclusively to invited parties.
Bitcoin has broken its own record as the price has been trading above $500 for six consecutive months. Its volatility has always been a real deal-breaker but it seems that the overall positive sentiment is fuelling global bitcoin adoption.
Bitcoin Black Friday is fast approaching — Bitcoin enthusiasts will soon have the chance to buy all sorts of things with this cryptocurrency including video games, web hosting, computers etc. We talked to the founder of Bitcoin Black Friday, Jon Holmquist, about his quest to provide a foil to Bitcoin’s negative brand image and the evolution of this cryptocurrency.
There’s a new kid in town —everyone is talking about ZCash, a new cryptocurrency which stole the spotlight from bitcoin as the latter was celebrating eight years of existence with a new milestone: bitcoin price skyrocketed to over $700. However, ZCash is no exception to the unspoken cryptocurrency rule: its journey to stability is a rollercoaster ride.
Whether they realize it or not, more than 95 percent of all Bitcoin users use Bitcoin Core. Although there are nearly 400 people who have written code and had it merged into Bitcoin Core, there are ongoing initiatives to try and get more developers familiar with the Bitcoin Core code base. We talked to Chris Stewart, CEO and co-founder of SuredBits, about the current state of Bitcoin, the role of Bitcoin Core and what it’s like to implement a spv-node for the Bitcoin protocol in Scala.
The blockchain technology is the perfect recipe for disruption. If only the FinTechs and banks learned to play nice. A new report sheds some light on blockchain’s limitations and points out that this technology is not “a magic potion for everything.” Learn all about the obstacles that prevent the blockchain technology from being implemented across all industries.
[Bit]coin flipping: “Future applications of blockchain will likely include artificial intelligence and bots”
September saw the launch of the Blockchain Alliance for Good (Bisgit.IoV) – a free membership organization aimed at boosting the usage of blockchain technology to generate good social and environmental solutions. The Alliance unites blockchain enthusiasts from around the world and provides them with a springboard for “good” innovations. We talked to Barbara Mellish, president of Blockchain Alliance for Good, about the future of blockchain, the industries where blockchain activity may flourish and the need to revolutionize this technology.
It may seem like blockchain is on the verge of outshining Bitcoin, but this cryptocurrency is still going strong. Chaincode Labs Inc. is launching a Hacker Residency Program next week, so we talked to Matt Corallo, the co-founder of Blockstream and a long-time Bitcoin developer, about the evolution of this cryptocurrency, its potential and pitfalls and the reason why developers should immerse themselves full-time in Bitcoin.
If you were to choose between a lower reward and a higher risk, what would you choose? If you chose the first option, you’re in luck. There’s a way to go around volatility and make sure your reward does not diminish each time the Bitcoin price increases or decreases abruptly.
Bitcoin Core 0.13.0 is a new major release which includes bugfixes, performance improvements, updated translations and last but not least, new features. The most important code change is the incorporation of the segregated witness (segwit) code in preparation for an upcoming soft fork.
The Bitcoin economy has gone from an early prototype stage to a second one characterized by gambling and black markets and finally to a third stage which steers away from “sin” and toward legitimate enterprises. This is the conclusion of a research paper titled “The Evolution of the Bitcoin Economy: Extracting and Analyzing the Network of Payment Relationships.”
The trading platform of Hong Kong cryptocurrency exchange Bitfinex is now offline after almost 120,000 bitcoins have been stolen from Bitcoin wallets. Bitcoin price plunged following the hack.