Blockchain News

MIT Study: Bitcoin Not Popular with Students
A study by the Massachusetts Institute of Technology (MIT) has found that, contrary to popular belief, bitcoin is not the payment of choice for students. In 2014, two MIT students, Jeremy Rubin and Dan Elitzer, raised $500,000 and started the MIT ...
Bitcoin For Night Owls
The Winklevosses have started a daily bitcoin auction for night owls, a profiteer-cum-criminal of bitcoin denies the digital currency is money after all and Purse and Unocoin are hitching a ride on Amazon's Indian locomotive. Meanwhile, Bitfinex is ...
First Block Mined With Bitcoin Unlimited Gets to China in Milliseconds
According to a statement on the website of Bitcoin.com, the major dichotomy between the Unlimited and the Bitcoin Core protocol is the former's ability to allow miners and nodes to choose the size they want. Roger Ver, CEO of Bitcoin.com reiterated his ...
World's Largest Mining Company to Use Blockchain for Supply Chain
The world's largest mining firm by market value intends to begin using the ethereum blockchain to improve its supply chain processes. BHP Billiton revealed at the second annual Global Blockchain Summit that it will use blockchain to record movements of ...
Ethereum's network is currently suffering from a computational DDoS attack
Ethereum network hit by computational DDoS attack. Ethereum's founder says attackers are laying siege to its network, causing it to slow down greatly. Mary-Ann Russon. By Mary-Ann Russon. September 23, 2016 11:06 BST. Ethereum, the world's computer ...
Wall Street Blockchain Alliance Sees Applications in Authenticated Content And Certification
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. The Wall Street Blockchain Alliance Certification Framework (WCF) has announced it will use distributed ledger technology to authenticate ...
Bitcoin Price Watch; Spiking In To The Weekend
So the end of the week is here, and it's time to take a penultimate look at the bitcoin price market before we kick off the weekend. Price has been pretty volatile across the last few days, and with this volatility has come plenty of opportunity to get ...
RBS tests demonstrate ability of Ethereum to support a national domestic payments system
The Innovation Engineering team at Royal Bank of Scotland has built a Clearing and Settlement Mechanism (CSM) based on the Ethereum distributed ledger and smart contract platform. The project, dubbed Emerald, was setup to explore the creation of a ...
Ethereum Network Comes Across Yet Another DOS Attack
Ethereum is definitely heading towards trouble. The promising blockchain-based smart contracts protocol has been facing a lot of issues in the recent days, the latest one being yet another DOS attack. A brief alert about the latest DOS attack was ...
Ethereum Classic Price Technical Analysis – ETC Bounces Sharply
Ethereum classic price made a new low against the Bitcoin, and then managed to recover sharply. There was a bearish trend line on the hourly chart of ETC/BTC (data feed via Simplefx), which the buyers managed to clear recently. The price is now back ...
Ethereum Price Technical Analysis – ETH Trims Gain, Recovers
Ethereum price made a short-term top yesterday against the US Dollar as I pointed out. There was a sharp decline, as the ETH/USD pair fell below the $12.50 support area and somehow managed to hold $12.25. Yesterday's highlighted bearish trend line on ...
Google Cloud Joins Amazon, IBM in Serving Blockchain Clients
Royal Bank of Scotland Group has employed Google servers in a trial of a new blockchain application for clearing and settlement, the consulting firm GFT said Friday in a statement. The company's cloud services will also be used by other bank clients of ...
Bitcoin Price Technical Analysis for 09/23/2016 - Another Bearish Flag?
The 100 SMA is still above the longer-term 200 SMA on this time frame, suggesting that bulls could still push bitcoin price back up. After all, price is still finding support at the longer-term ascending channel bottom and the dynamic inflection point ...
Blockchain to Drive Wanxiang's $30 Billion Smart Cities Initiative
Auto giant Wanxiang announced today that it will use blockchain technology as part of its newly announced smart cities initiative. Revealed at the Wanxiang-sponsored Global Blockchain Summit, the company intends to invest ¥200bn ($30bn) over the next ...
IBM, China UnionPay Develop Blockchain Loyalty Points Exchange
International Business Machines is working with a Chinese credit card company to to create a blockchain-based system for trading loyalty points. In a proof-of-concept revealed today, IBM and China UnionPay have developed a platform that allows ...
IBM in blockchain project with China UnionPay — FT.com
Another day, another blockchain project unveiled by a bank, technology company, or consultancy. IBM will join the fray this week by announcing a partnership ...
Norm Pattis: Are Bitcoin, the dark web and virtual reality the new state of nature?
In simplified terms, this is Bitcoin, a medium of exchange not created by the government, and, in the United States, largely unregulated. Individuals are free to use Bitcoin as a means of purchasing goods and services, so long as they are able to find ...
New Lawsuit Filed Against Bitcoin Wallet Xapo Founder
Identity-theft protection company Lifelock has filed another lawsuit against Wences Casares, founder of bitcoin wallet company Xapo. The suit was filed on Monday in Delaware Chancery Court against Casares and his former CFO at digital wallet startup ...
Blockchain Could Be Music's Next Disruptor
This could all change under blockchain-based platforms — clever pieces of code called smart contracts, and their capacity to link and act upon data. The new technology runs on millions of devices, from desktops to smartphones, and is open to anyone ...
Uport, An Ethereum Based Identity Project Wins the Blockchain Competition
We are aware of only three, starting with WeiFund, an ethereum based crowdfunding platform which allows independent film producers, such as Braid, artists, entrepreneurs and others to raise funds through smart contracts, potentially reducing scams as ...
At Ethereum Mega-Event, the 'Church of Vitalik' Sobers Up
That was the sentiment of Rebecca Migirov, one of many ethereum startup employees gathered in Shanghai for the blockchain platform's second annual conference, and she was not alone in her assessment. If last year's Devcon1 was characterized by a ...
Bitcoin Mining Brothers Face Prison Time for Stealing Electricity
Two brothers in Rotterdam in the Netherlands alleged to have stolen electricity to power a bitcoin mining operation in 2014 face months in prison, if prosecutors get their way. In the first case of its kind in the Netherlands, prosecutors are seeking ...
The Ethereum Cryptocurrency is Undergoing a Massive DDoS Attack
Ethereum, the only meaningful cryptocurrency competitor to bitcoin, is fighting off a DDoS attack. On Thursday morning, Ethereum cofounder Jeffrey Wilcke announced the attack, urging Ethereum miners to switch to a new mining method to circumvent the ...
Roger Ver Sues Bitcoin Exchange OKCoin For $570k
According to the South China Morning Post, a Hong Kong High Court document filed Wednesday shows that Ver alleges that OKCoin violated the terms of a contract for work the website Bitcoin.com. In late 2014, Ver and the bitcoin exchange initially joined ...
Ethereum Is Under Attack
On Thursday, virtual currency and so-called “world computer” Ethereum announced that its network is under attack, causing the network to slow down and making for a big headache for users. The announcement comes just days after Ethereum alerted users ...
Blockchain Could Have Prevented The Wells Fargo Scam
“I see it in a few ways. First, at this point in time, it's kind of abstract but in the very near future it probably won't be, but it would require that banks truly built a wider infrastructure on Blockchain beyond what is heavily discussed today. But ...
Why Accenture broke the blockchain with IBM's help
Accenture is suggesting that permissioned blockchains will benefit from the ability to change transactions — perform “do-overs.” A permissioned blockchain is a network where the participants can restrict who can participate in the consensus mechanism ...
Bitcoin Price Testing Critical Support
Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Bitcoin price has shown no reaction to yesterday's Fed rates announcement. Price holds above critical support. This analysis is provided by xbt ...
Op-Ed: What Is the True Meaning of "Decentralization" in Blockchain Technology?
Recent years have brought significant misunderstanding of the term decentralization as it pertains to Bitcoin. Literally, it means the dispersal of nodes, data, miners and developers; according to some, the dispersal of miners (everyone mining with a ...
Asset Managers See Blockchain Adoption by 2021
eToro's Founder and CEO, Yoni Assia, described blockchain as a leading-edge technology while Alex Tapscott, co-author of the book Blockchain Revolution and Founder and CEO of Northwest Passage Ventures, sees blockchain as a huge game-changer ...
Symbiont Showcases Blockchain Catastrophe Swaps to Insurance Execs
The next time a tornado obliterates large swaths of land and property in California or Ohio, Symbiont's newly unveiled catastrophe swaps blockchain platform could help speed up how quickly the victims get paid out, based on a recent demonstration of ...
Roger Ver is Suing a Hong Kong Firm Over 'Bitcoin.com' Revenues
Roger Ver, an early bitcoin adopter who is now a fervent proponent and investor in bitcoin and its industry is suing OKEX Fintech, a Hong Kong private company, over alleged lost revenues from Bitcoin.com. Roger Ver is the website's owner, registrant ...
Roger Ver Is Still Determined to Increase the Bitcoin Block Size Limit via a Hard Fork
Two attempts to increase Bitcoin's block size limit via hard forks — Bitcoin XT and Bitcoin Classic — have failed to gain much support in terms of network hashrate, but early bitcoin advocate and angel investor Roger Ver is not giving up on the cause ...
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status ...
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status ...
Banks, R3, Explore Blockchain Tech For Managing Reference Data
Seven banks, including Citi, HSBC and Alliance Bernstein (AB), has joined R3, a bank consortium studying blockchain, and Axoni, a blockchain technology firm that uses blockchain in settling derivative transactions, to determine if the technology can ...
Bitcoin Debit Card Wirex Integrates ShapeShift Exchange
ShapeShift.io, an instant exchange for Bitcoin and other blockchain tokens, has developed an API integration with Wirex, a provider of debit cards for cryptocurrency. Today's integration means Wirex users can fund their Mastercard debit cards with ...
Op-Ed: Bitcoin's Journey to Digital Reserve Currency Status
Seven years on, bitcoin still remains the largest digital currency by market capitalization. While bitcoin may have been the most volatile currency, it has since ceded that mantle to up-and-coming altcoins. The transformation of bitcoin from a volatile ...
Use of blockchain in finance to become widespread in 5 years, say asset managers
About two thirds of asset managers and owners in Asia Pacific expect blockchain, the distributed ledger technology behind cryptocurrency bitcoin, to be widely adopted in the investment industry in the next five years, a survey by financial services ...
Bitcoin Price Falls Below $600, Reaching Three-Week Low
The value of bitcoin was little changed Thursday morning, as the BTC/USD consolidated below $600 following a sharp selloff earlier in the week. At the time of writing, the BTC/USD exchange rate was trading at $596.01, according to CoinDesk. Bitcoin's ...
India to see Bitcoin and Blockchain Remittance from New Partnership
A new partnership between Indian bitcoin exchange Coinsecure and global money transfer platform OKLink – a spinoff of Chinese bitcoin exchange OKCoin – will see digital currency and fiat remittances to Indians using blockchain technology. Indian ...