The bitcoin hard fork has occurred

Bitcoin hard fork

Bitcoin has split into two separate cryptocurrencies: bitcoin and the new Bitcoin Cash. CoinDesk reports that miners were successfully able to create a block on the newly created Bitcoin Cash blockchain at around 02:14pm ET on 1 August 2017. The move means that the miners in question have split from the main bitcoin network and will be moving ahead with a different technical roadmap. Why the hard fork? This ‘hard fork’ is the result of years of disagreement over what the rules that...

Operator of BTC-e bitcoin exchange arrested

BTC-e operator arrested

A US jury has indicted the operator of BTC-e Alexander Vinnik on 26 July, following his arrest in a Greek village on the previous day. BTC-e has been in operation trading bitcoin since 2011, and the US justice department claims that it was used to launder over $4 billion for criminals involved in activities ranging from hacking to drug trafficking. Authorities are also linking Vinnik to the collapse of Japan-based bitcoin exchange Mt Gox, which failed in 2014 due to being hacked. Brian...

Send Bitcoin via SMS, email and twitter with MoneyBadger

The internet is opening up the previously rigidly defined ways that money can be shared throughout the economy. Mobile banking apps and platforms like Monzo allow individuals to monitor and direct their funds quickly and easily. Can the same principles be applied to cryptocurrencies? MoneyBadger wants to create a truly social base for transferring Bitcoin, allowing users to send the currency to email accounts, phone numbers and Twitter accounts. The startup was founded in 2016 to...

Can blockchain solve the fake news problem?

The issue of fake news has been rippling through the internet for a while now, reaching far and wide. In the last year, fake news stories have been connected to President Trump’s election victory and Facebook has rolled a new fact-checking system Now blockchain startup Userfeeds is looking to fight fake news by developing a platform based on ‘reputation schemes’. The Polish company wants to tackle what it believes is the underlying cause of the issue: the limited amount of attention...

Spotify acquires blockchain start-up Mediachain

Music streaming giant Spotfity has announced the acquisition of Mediachain, a blockchain startup, as part of its efforts to ‘create a more fair, transparent and rewarding music industry for creators and rights owners’. In a press release Spotify stated: “Brooklyn-based Mediachain Labs has been the driving force behind the Mediachain project, a world-class blockchain research agenda and open source protocol to better manage data that is critical to the health of the music industry....

Gnosis token sale concludes in less than 15 minutes

The ethereum-based, decentralised prediction market Gnosis’ ICO has concluded in less than 15 minutes – despite having an innovative mechanism designed to discourage the kind of rampant speculation that has defined recent ICOs. The quarter of an hour sale ended with the creators owning 95% of the funds, worth more than $280 currently. Just 5% of the project’s tokens sold for a combined $12 million. Gnosis’ network is now in beta stage. The company’s platform will allow users...

Storj Labs announce Ethereum token sale

Decentralised cloud storage provider Storj Labs has announced it will be selling digital tokens held by the company will converting to an Ethereum-based application token. The company hopes the token sale will enable users to participate in the Storj network and gain access to related services from the company. Individuals who currently hold Storj tokens will be able to convert into the Ethereum-based token on a one-to-one basis. The token sale will not increase the total supply of...

Routing attacks a threat to Bitcoin’s security

A joint project by ETH Zurich and Aviv Zohar of the Hebrew University in Israel has shown how the crypt-currency can be attacked via the internet’s routing structure. The purpose of the research is to inform Bitcoin users and miners as well as to start a discussion on how the security of the ecosystem can be increased. The two kinds of attack studied were internet routing attacks (such as BGP hijacks) and malicious Internet Service Providers (ISP). Let’s look at these two kinds of...

This company is confident their RAIDA technology can ‘overthrow’ Bitcoin

Bitcoin has a contender. Meet RAIDA – otherwise known as ‘redundant array of independent detection agents’ – which is claimed to be the only technology after blockchain to solve the physical integrity problem presented by digital currencies. RAIDA has created by inventor, Sean H. Worthington, who is a tenured computer science instructor in northern California. The idea behind developing RAIDA was that Worthington noticed monetary systems were actually information systems, and he...

Blockstack and Hashed Health raise combined $6 million

Two companies in the blockchain space have recently received funding; healthcare consortium Hashed Health raised $2 million, while Blockstack, a decentralised DNS system built on top of the Bitcoin blockchain, has raised $4 million. Hashed Health’s round was led by investment firm Martin Ventures, while Blockstack’s was led by Union Square Ventures, with participation by Lux Capital, Naval Ravikant, Digital Currency Group, Compound, Version One, Kal Vepuri and Rising Tide. With 50...