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February 13, 2019 7:53 PM

Blockchain, Not Bitcoin: Unwrapping Enterprise Blockchains - Fitzner Blockchain
The first thing many people think when they hear the term blockchain is Bitcoin. Some may think about Ethereum and fewer may reference newer altcoins though it?s important to take a step back and recognize that cryptocurrencies aren?t the only use case for blockchain-based technologies. There are a multitude of benefits that traditional enterprises can take advantage of from the implementation of an untokenized blockchain solution. SAP, IBM, Deloitte, Nasdaq, General Motors and R3 among other companies are at the forefront of these solutions, and within this article, we hope to shine some light onto the different blockchains that they?re leveraging.

Bitcoin Trading: Is it the Best Time to Do So
Bitcoin rose on the global financial scene immediately after the global economic recession that was seen in 2008. As people started to look for an alternative to the traditional fiat currencies, cryptos stepped in. Although bitcoin trading could not get much attention in its first few years, the past couple of years have proved to be quite valuable for the asset. Bitcoin trading has gained much attention since the bull run of the asset that was seen at the end of 2017. But since then, the asset has taken the downward road. The entire crypto market is in a bear run for over a year now. So should you be considering to enter the market now for bitcoin trading?
February 13, 2019 5:44 PM

99% of all Bitcoin owned by 8
An upsurge in activity among long-dormant Bitcoin wallets in the last quarter of 2018 has weakened the power of so-called whales, increasing the supply of actively traded coins. LongHash spoke with Eric Stone, head of data science at Flipside Crypto, to get his thoughts on the reactivation of large Bitcoin accounts. Can you summarize the key findings of Flipside Crypto?s research on the activity of long-dormant Bitcoin accounts? At the moment, 8.59% of non-empty Bitcoin wallets collectively own 99% of all the Bitcoin supply. This is up from 6.7% in November 2017 just prior to the big run-up toward $20,000 and is the highest we?ve seen, exceeding the previous high of 8.56% in January 2016.
February 13, 2019 5:11 PM

Morgan Creek Digital Makes History with First-Ever Pension Fund Investment in Bitcoin
Morgan Creek Digital has attracted investments from two pension funds for their new venture capital fund, marking the first of its kind in the crypto industry, reported February 12, 2019. Pension funds are one of the most heavily pursued classes of investors. This is because a single pension fund usually has accounts of hundreds, if not thousands, of people and any investment they take on is exposed to this large number of people. Now, the crypto community has attracted its first ever pension fund investment. This was done by Morgan Creek Digital who secured two pension fund investments as reported Bloomberg on February 12, 2019.
February 13, 2019 2:55 PM

Decentralized Apps Might Be the Future but They re Not the Present - Bitcoin News
To their proponents, dapps ? decentralized applications ? are the future of internet. To their critics, they?re multi-million dollar sinkholes, with huge development costs, poor UI, and no users. Are dapps like Augur and IDEX early test cases for the web to come, or impractical experiments that are destined to fail? Also read: Bitcoin ATMs Now In The Thousands Around the World Hating on dapps has become something of a parlor game. They?re an easy target after all. While all the headlines are about VCs pouring millions of dollars of seed money into dapps like Crypto Kitties, and the highly publicized launch of Augur (market cap $311 million), behind the scenes, things are less than rosy. The latter, which launched with great fanfare several years and personnel changes later, typically has less than 60 daily active users (DAUs) and yet Augur is supposedly ethereum?s flagship dapp.
February 13, 2019 12:39 PM

QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEOs Bitcoin Wallet
On February 12, Ernst and Young (EY), the monitor of the QuadrigaCX case, released its first report with the Supreme Court of Nova Scotia. In it, EY stated that the exchange ?inadvertently? moved $370,800 in Bitcoin to a cold wallet controlled by CEO Gerald Cotten, who passed away. The report of the monitor read: ?On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately CAD $468,675 to Quadriga cold wallets which the Company is currently unable to access.? ?The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.?
February 13, 2019 10:52 AM

A Major Philippine Bank Just Launched Crypto ATMs and it May Fuel Mass Adoption
As per local outlets, Union Bank in the Philippines, a top bank in the Philippines, are the first to start using crypto ATMs. An official statement from the bank related that the goal for the ATMs is to provide local users a better, faster, more efficient, cheaper and easier way to exchange between fiat and crypto. These are two way machines, giving the users the ability to buy and sell cryptocurrencies. ?In the bank?s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa,? UnionBank said.
February 12, 2019 3:08 PM

Bitcoin: Checkmate Authoritarianism!
The humans started as hunters and gatherers. People would move places to hunt and survive. We were social animals that organized ourselves into family units, clans, and tribes. We relatively led peaceful lives where death only occurred due to childbirth, infant mortality, starvation, exposure or accident. Warfare was not common. It went downhill after the advent of agriculture. People became more fixed in place and food availability became more predictable. Food surpluses led to people developing other interests. They moved on to arts, science, and the written word as no people had a stable source of food. Population increased and so did the violence.
February 12, 2019 11:20 AM

Twitter's Jack Dorsey Explains Why He Believes No Cryptocurrency Will Ever Beat Bitcoin
Twitter CEO Jack Dorsey continued his love-letter to Bitcoin on a recent episode of the Stephan Livera podcast, where he proclaimed that while there may be interesting ideas emerging from other coins in the crypto space, they can all eventually be integrated into Bitcoin if they?re good enough. In what is beginning to feel like a press-junket, Dorsey has been talking up Bitcoin to the extreme in the past week, and he recently told Joe Rogan that he thought Bitcoin could become the native internet currency of the future ? to much applause and fanfare. However, not everyone is so keen on the idea as Dorsey, and his latest comments are likely to further fuel the competitive fire that?s raging between the disparate coins, tokens, and principles in the crypto space.
February 11, 2019 10:30 PM

SLP52 Jack Dorsey & Elizabeth Stark Bitcoin: Native Currency of the Internet
Jack Dorsey (CEO of Twitter & CEO of Square) & Elizabeth Stark (CEO of Lightning Labs) join me to talk about the vision of Bitcoin as native currency of the internet. Bitcoin?s principles, resilience, and being ?of the internet? are what make it special. In this special episode we discuss: Facebook Twitter Pinterest Google+
February 11, 2019 3:38 PM

BCH Avalanche Transactions Show Finality Speeds 10x Faster Than Ethereum
Over the last few weeks, Bitcoin Cash (BCH) developers and community members have been discussing a pre-consensus method called Avalanche. Now BCH proponents have begun to notice the protocol has been applied to the Bchd full node implementation and the proof of concept officially running on the BCH mainnet. Also read: Mt. Gox Creditors Neither Need nor Deserve This Kind of ?Hero? The Avalanche proof-of-concept is a consensus algorithm that adds Byzantine fault tolerant proofs to a blockchain network so nodes can differentiate between two conflicting transactions. The protocol communicates with nodes in real time in order to bring consensus in a more efficient manner. This is because Avalanche queries the network of nodes and asks them to come to pre-consensus on which of the two conflicting transactions are preferred.
February 11, 2019 3:07 AM

Forget Bakkt, Russia, ETFs, China and the rest
Alexander, who Co-Founded Wall Street?s Bitcoin Centre in 2013, revealed his moment of realisation while speaking to Australian crypto trader and educator Craig Cobb on the Trader Cobb Crypto Show. ?Four years ago now, I was working with some young kids in New York City? They needed to buy some kind of chips or something from China,? said Alexander. ?I was giving them some advice and looking at some plans and stuff and I said ok, you?re going to need to send this big wire over to China to pay for these goods and neither of these kids had a bank account. ?I explained to them what they?re going to need to do and they thought it was a joke, they couldn?t believe how contrived and difficult this process was when all they had known in their short financial experience? All they had known is Bitcoin and Bitcoin works, they trust it and it works and its normal to them.?
February 10, 2019 10:47 PM

Bitcoin is all about personal accountability: Did you know that one guy mistakenly paid 291 BTC in fees to send 0
Myths and legends entwine around the whereabouts of millions of to date lost Bitcoin. Unsurpassed, however, is the BTC fortune of Bitcoin creator Satoshi Nakamoto, presumably destroyed for all eternity. A short story about the curiosities of cryptography. Cryptography is all well and good. But what if you lose your private key due to carelessness? Bad luck. Unfortunately, it?s that simple. The SHA-256 hash function is a good thing for security in the Bitcoin network. It?s not for nothing that SHA stands for ?Secure Hash Algorithm?. And Nakamoto has really taken security seriously. Because both the Bitcoin Mining and the mathematical connection between Public Key and the address is based on SHA-256. And that is really bomb-proof. Key collisions are mathematically extremely unlikely.
February 10, 2019 9:59 PM

Aggregated knowledge base entries about Bitcoin (BTC) Titles not entered by Crypto.BI and are Copyright(C) their original authors.