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Archiv für Juni 2018

Lightning Network ‚Really Does‘ Solve Bitcoin Scaling: Andreas Antonopoulos

Andreas Antonopoulos has defended the Lightning Network as an optimal Bitcoin scaling solution, saying it is “naive” to assume that its current nascent state means it will fail to scale in future. Critics ‘Misunderstand Engineering’ Speaking as part of his regular Q&A sessions, the celebrated cryptocurrency educator and lecturer addressed criticism of Lightning, which remains…

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Bithumb Hack Update: Cryptocurrency Exchange Recovers 45% of Stolen Coins

Bithumb has managed to recover roughly 45 percent of the cryptocurrencies stolen during the June 20 hack. The platform announced the news in an update published on June 28 — while also providing full disclosure of the digital currencies taken in the attack. The company also acknowledged the support of other exchange platforms in its…

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‚All Wrong‘: Cryptocurrency Industry Rebukes Australian Banker For Bitcoin Complaints

A senior Australia central bank official who called Bitcoin “fascinating” but its blockchain “inefficient” has come under fire for plagiarism and spreading incorrect information about cryptocurrency. ‘Not Correct In The Slightest’ Tony Richards, head of the payments policy department at the Reserve Bank of Australia (RBA), delivered a speech to the Australian Business Economists in Sydney…

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‚Roger Ver Will Now Cry‘: Stress Testers Start Attack on Bitcoin Cash

BitPico, a group of “Bitcoin developers, miners and whales” which previously stress-tested the Lightning Network, has begun attacking altcoin Bitcoin Cash (BCH). ‘The Bcash attack has been started’ In a series of tweets beginning June 22, the group, whose members’ identities remains unclear, declared that having tested Lightning’s mainnet implementation for rigidity via a coordinated…

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South Korean Cryptocurrency Exchanges Struggle To Find Insurers

Due to recent security breaches and thefts among some large-scale cryptocurrency exchange platforms, the need for exchange insurance is booming. Many insurance companies, however, are hesitant to take the risk — citing their distrust in current security measures.  Cyber-Thieves On The Offensive It has been a tough year — and an especially tough month — for…

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Jeff Garzik’s Metronome ICO Sells 50% Of Tokens to ‚Three Investors‘

Former Bitcoin core developer Jeff Garzik has sold almost half of the available tokens in his Metronome project’s initial coin offering to just three investors. Metronome: Empty-Handed Investors Vent Scorn Data from the Ethereum Blockchain confirms the giant transactions, which appear to have angered potential investors who claim they were unable to purchase tokens themselves.…

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Summer Bitcoin Analysis: The Good, The Bad, And The Ugly

The price action of Bitcoin is on everyone’s mind as we roll steadily towards the start of 2018’s third quarter. Let’s take a look at a few different scenarios for the rest of Bitcoin’s summer and the second half of the year.  To The Moon And Back It is best that we first take a…

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EOS Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings

Wilma Woo · June 22, 2018 · 1:00 pm China has released the second edition of its state-endorsed cryptocurrency and Blockchain ratings, placing Chinese altcoin EOS top of the list and Bitcoin 17th. EOS, Ethereum And NEO Win Official Favor Round two of the Global Public Chain Technology Evaluation Index, published by the China Center…

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