Monthly Archives: February 2018

Verifier Will Use Blockchain to Check and Confirm Any Data Without Your Involvement

Bitcoinist.net · February 28, 2018 · 3:15 pm Our time is one of distrust. A time when for each product there are thousands of scams aimed at deceiving users. According to the British report Annual Fraud Indicator, fraud causes massive damage to both private individuals and corporations. For example, in the UK individuals lost 140 […]

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Most Current Projects Will Disappear in 5 Years, Says ‘Godfather of Ethereum’

Allen Scott · February 28, 2018 · 2:00 am ‘Godfather of Ethereum’ and founder of æternity, Yanislav Malahov, tells Bitcoinist why his startup chose to set up shop in the tiny country of Liechtenstein, which countries blockchain companies must stay away from, and why he believes most current cryptocurrency projects will fail in the next 5 years.  […]

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Shoppers would welcome an Amazon cryptocurrency, survey says

MarketWatch photo illustration/Getty Images, iStockphoto If customers of online retail giant Amazon are to be believed, the idea of a Jeff Bezos-launched digital currency could be a hit. According to a recent survey of 1,000 Amazon AMZN, -0.40% customers, more than half of the respondents were down with the idea of Amazon entering the virtual […]

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Israeli Supreme Court Forbids Bank From Denying Service to Bitcoin Exchange

Regulation The Supreme Court of Israel issued a temporary injunction order on Monday forbidding Bank Leumi from sweepingly halting the account activity of the Bits of Gold bitcoin exchange. This is seen as a major victory in the Israeli cryptocurrency industry that will set a precedent for other bitcoin businesses struggling to get banking services. […]

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Bitcoin Core 0.16.0 Rolls Out With Full SegWit Support

Julio Gil-Pulgar · February 26, 2018 · 3:30 pm Bitcoin enthusiasts celebrate the release of Bitcoin Core 0.16.0, on February 26, 2018. This new version includes novel features, several bugfixes, various performance improvements, and updated translations. Most notably, Bitcoin Core 0.16.0 introduces full support for SegWit. Now, Bitcoin’s value, once again, is puncturing the $10,000 […]

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Coinbase Compelled by IRS to Provide 13,000 Customers’ Information

Taxes Popular cryptocurrency exchange Coinbase has been forced by court order to hand over thousands and thousands of its customers’ names and assorted personal information to the US Internal Revenue Service (IRS) in the agency’s effort to collect tax.    Also read: How To Regain Control From Nanny Zuck Coinbase Sends Out IRS Notice “Received notice […]

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Bitcoin.org Owner Asks the Community to Change Bitcoin’s Central PoW Algorithm

News This week the owner of the web portal Bitcoin.org and Bitcointalk, a pseudonym called Cobra wrote an open letter to the bitcoin community asking them to think about changing the Bitcoin core network’s Proof-of-Work algorithm. Also read: Ross Ulbricht Denied Post-Conviction Relief Extension Bitcoin.org Owner ‘Cobra’ Says Bitcoin Mining Is Controlled By One Man and […]

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Former Top JP Morgan Trader Says Banks ‘Have Absolutely Failed’ With Cryptocurrency

Dieter Holger · February 24, 2018 · 1:00 pm A former high-flying JPMorgan trader turned cryptocurrency fund manager says banks “have absolutely failed to innovate in any way, shape, or form and now they’re paying the price” in the cryptocurrency market. Daniel Masters ran JPMorgan’s energy trading business in the 1990s and now oversees cryptocurrency […]

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