The growth of the Bitcoin ecosystem is also proving to be one of its greatest problems. With a mounting number of unconfirmed transactions, transfer costs are going up. This move forces companies to come up with creative solutions. Unfortunately, that means these companies pass transaction fees on to their customers. Bitpay is the latest company […]
Bitcoin and ransomware share a profound yet undesirable connection, thanks to its extensive use by cybercriminals to demand ransom payments. The recent worldwide WannaCry ransomware attack could turn out to be the much-required tipping point which can shift the scales against those behind ransomware. Amid rising concerns about increasing Bitcoin ransomware attacks, WannaCry targeted thousands […]
Bitcoin prices passed $2,000 for the first time ever on the CoinDesk Bitcoin Price Index (BPI), climbing more than 100% since the start of the year. Source
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Bitcoin mining hardware firm Canaan has acquired document timestamping service Proof of Existence, taking on its developer-creator as an advisor. Source
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Sweltering, crowded, and filled to capacity. If there were a sign that blockchain may be overhyped, or that the industry is in the midst of a massive bubble, the Ethereal Summit may well have been it. As if an effort to seize the moment, the one-day event, hosted by ethereum startup and incubator ConsenSys, squeezed 32 panels and […]
It does not take a majority to prevail … but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.— Samuel Adams In The Most Intolerant Wins: The Dictatorship of the Small Minority, Nassim Nicholas Taleb describes how a strong enough minority with more strict preferences can end up […]
The blockchain industry is booming in Australia recently after the Australian Tax Office (ATO) announced changes to tax laws in the 2017–2018 budget summary by the Australian government, surrounding how digital currencies are treated in the country. In the few weeks since the announcement, active blockchain communities and events such as RegHack DownUnder have launched […]
The Internet of Things (IoT) and blockchain-based advancements in the payments industry were among the many themes explored at TRANSACT, a tech-centric, payments industry conference held on May 10–12 in Las Vegas. A panel discussion entitled “How IoT is Revolutionizing Payments” included a brief discussion regarding the emerging intersection between the Internet of Things and […]