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Bug in Crypto-Platform Beam Causes Brief Halt in BlockchainBeam, a newly launched privacy oriented cryptocurrency, experienced a bug that caused a sudden, but brief stoppage in its blockchain, the company announced in a Tweet on January 21, 2019. Technical Difficulties Cause a Halt in Beam’s Blockchain (Source: Steemit) One of two recently released implementations of the Mimblewimble privacy protocol, the Beam Mimblewimble blockchain, experienced technical difficulties that caused…
CoinZest Airdrop Event Goes Wrong, Customers Receive $5.3 Million Worth of CryptoCoinZest,  a South Korean cryptocurrency exchange has been left with no choice but to roll back all transactions on its servers after it mistakenly airdropped bitcoin and altcoins amounting to $5.3 million to its clients, instead of the intended We Game tokens (WGT), according to local news source, CoindeskKorea on January 19, 2019. CoinZest Systems Go Haywire Per sources close…
Bitcoin and Ether Market Update: January 23, 2019The total market cap is flat since January 21, 2019, and stands at $120 billion at time of press. There were no significant price changes for bitcoin and ether within the same time period. BTC/USD Bitcoin closed the January 16 trading session at $3,675 with a little more than a $20 price increase and protected further decline below $3,600. The…
Bitcoin Should Look Away From PoW says BIS ReportThe Bank for International Settlements has suggested that the Bitcoin Network discontinue using Proof-of-Work (PoW) because it is expensive and once block rewards from mining bitcoin decrease, the network will slow down, this according to a BIS report published January 21, 2019. There has always been speculation about the future of Bitcoin, with most of it revolving around its future…
Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax BillSwedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019. A Million Ways to Tax One aspect of cryptocurrency adoption that has caused great frustration is the issue of paying…
MIT Professor: The Key to Unlocking a Global Borderless Economy Rests with BlockchainSpeaking with Bloomberg’s Daybreak Asia radio show January 21, 2019, professor Silvio Micali of the Massachusetts Institute of Technology (MIT) spoke positively on the future of blockchain, believing that global blockchain development can lead to the establishment a truly borderless economy. The Magic Number According to the well-accredited and renowned professor, “until now they could only satisfy two out of the three”…
WISeKey to Launch Interconnected Blockchain Centers in Buenos Aires and GenevaAccording to a press release published on January 19, 2019, WISeKey International Holding Ltd. has entered into an agreement with Blockchain Research Institute (BRI) to establish interconnected “Blockchain Centers of Excellence” around the world. Geneva Annual Blockchain Congress Per the newly inked agreement, WISeKey International will launch two new blockchain research centers in Buenos Aires, Argentina, and Geneva, Switzerland. It’s…
STOs Are the Future of Blockchain Investment, Says Autonomous NextAutonomous Next published a report on January 21, 2019, which states that the blockchain industry saw $24 billion in funding in 2018, most of which came from unverified self-reported crowdfunding ventures. Unverified Figures Autonomous Next ’s report stated that in December 2018, there was an almost even split between the funds raised through traditional venture capital and those raised through…
Bank of England Senior Advisor: Cryptocurrencies Neither a Good Store of Value nor a Medium of ExchangeHuw van Steenis, the senior advisor to Bank of England (BOE) Governor Mark Carney believes that cryptocurrencies “fail fundamental tests” to compete with the traditional financial market institutions, reports Bloomberg on January 21, 2019. Cryptocurrencies Aren’t a Great Unit of Exchange Cryptocurrency proponents the world over are banking on the technology’s potential to replace the centralized financial institutions in near…
Study Finds 4 Percent of Monero Mined via. Malware over the Last 12 YearsResearchers at Universidad Carlos III de Madrid and King’s College London have found that from 2007 to 2018, around $57 Million of Monero was mined via. Malware, January 3, 2019. Background of the Study The joint study co-authored and compiled by two researchers was published January 3, 2019, and it states that four percent of the Monero mined over the…