BitcoinPlayer.com : Bitcoin news and Domain names for sale

Providing Bitcoin-related news and Bitcoin domains for sale.

Please go to Buy This Domain to purchase these domain names:

BitcoinDeal.com, BitcoinCommerce.com, BitcoinGuns.com, BitcoinRetail.com, BitcoinRetailers.com, BitcoinSale.com, BitcoinSales.com, BitcoinTicket.com, BitcoinSellers.com, BinaryCoin.com, Bitcoin8.com, Bitcoin9.com, Bitcoinate.com, Bitcoing.com, Bitcoinize.com, Bitcoink.com, Bitcoin4U.com, BitcoinUs.com, MegaBitcoin.com, OrBitcoin.com, Podcoin.com, CuBitcoin.com, Ramcoin.com, TiBitcoin.com, Bitcoint.com, GigaBitcoin.com, WeBitcoin.com, Bitcoin2Gold.com, Bitcoin2Silver.com, Bitcoin4Silver.com, silver2Bitcoin.com, silver4Bitcoin.com, silverBitcoin.com, BitcoinAccount.com, BitcoinAudit.com, BitcoinAuditor.com, BitcoinAudits.com, BitcoinBug.com, BitcoinBuyers.com, BitcoinCharge.com, BitcoinCheap.com, BitcoinClear.com, BitcoinCents.com, BitcoinDealers.com, BitcoinDimes.com, BitcoinHaven.com, BitcoinHedge.com, BitcoinLenders.com, BitcoinPip.com, BitcoinPledge.com, BitcoinRates.com, BitcoinSave.com, BitcoinSavers.com, BitcoinSavings.com, BitcoinSell.com, BitcoinSpread.com, BitcoinSwaps.com, BitcoinTrend.com, BitcoinTrends.com, BitcoinWire.com, btcBanking.com, btcFund.com, btcTrades.com, cashBitcoin.com, CheapBitcoin.com, CheapBitcoins.com, clearBitcoin.com, deBitcoin.com, escrowBitcoin.com, escrowcoin.com, forexBitcoin.com, gold2Bitcoin.com, sendBitcoin.com, Bitcoinsure.com, Bitcoins4free.com, BitcoinBot.com, BitcoinBots.com, BitcoIntel.com, BitcoinCoder.com, BitcoinCoders.com, BitcoinDesk.com, BitcoinDev.com, BitcoinDns.com, BitcoinEmail.com, Bitcoinet.com, BitcoinHack.com, BitcoinHacks.com, BitcoinKeys.com, BitcoinLib.com, BitcoinLog.com, BitcoinLogin.com, BitcoinLogs.com, BitcoinPlugin.com, BitcoinServer.com, BitcoinSniffer.com, BitcoinTool.com, BitcoinTools.com, BitcoinAssist.com, BitcoinBackup.com, BitcoinCop.com, BitcoinCrypt.com, BitcoinConnect.com, BitcoinDonate.com, BitcoinDrop.com, BitcoinExperts.com, BitcoInform.com, BitcoinGuard.com, Bitcoinnect.com, BitcoinValet.com, BitcoinPolice.com, BitcoinCorp.com, BitcoinLaw.com, BitcoinMaker.com, BitcoinPad.com, BitcoinSearch.com, BitcoinService.com, BitcoinSpy.com, BitcoinStealth.com, BitcoinStorage.com, BitcoinStudy.com, BitcoinTest.com, remoteBitcoin.com, saferBitcoin.com, safercoin.com, fastBitcoin.com, BitcoinTrace.com, BitcoinTrack.com, quickBitcoin.com, simpleBitcoin.com, work4Bitcoin.com, Bitcointer.com, Bitcoinote.com, BitcoinLock.com, SatoshiNakamoto.com, BitcoinBlocks.com, BitcoinMill.com, Bitcoinomics.com, Bitcoinomy.com, Bitcoinism.com, BitcoinBetters.com, BitcoinUp.com, BingoBitcoin.com, BitcoinBidding.com, BitcoinBooker.com, BitcoinBookie.com, BitcoinBookies.com, BitcoinBookmaker.com, BitcoinGambler.com, BitcoinGamblers.com, BitcoinHall.com, BitcoinJoker.com, BitcoinLand.com, BitcoinPlace.com, BitcoinPlay.com, BitcoinPlayer.com, BitcoinPlayers.com, BitcoinPlays.com, BitcoinPrize.com, BitcoinWager.com, BitcoinWin.com, casinoBitcoin.com, BitcoinCity.com, pokerBitcoin.com, BitcoinBrothel.com, BitcoinElite.com, BitcoinGirl.com, BitcoinGirls.com, BitcoinLadies.com, BitcoinVIP.com, BitcoinWomen.com, escortBitcoin.com, escortsBitcoin.com, MissBitcoin.com, BitcoinBook.com, BitcoinFan.com, BitcoinMag.com, BitcoinStudio.com, BitcoinMovie.com, BitcoinArmy.com, BitcoinChurch.com, BitcoinDown.com, BitcoinParties.com, BitcoinWars.com, BitcoinWave.com, HexCoin.com,

What is Bitcoin?

Bitcoin is a digital crypto-currency with no single point of failure due to its decentralized peer-to-peer architecture. The source code is publicly available and changes to the reference Bitcoin client are made via concensus within the community. Advantages of Bitcoin include irreversible transactions (i.e. no possibility of chargebacks as with credit cards), pseudo-anonymous, limited and fixed inflation, near instant transactions, multi-platform, no double-spend and little to no barriers to entry and more. It was created by an anonymous person known as Satoshi Nakamoto. Find out more at WeUseCoins.com.

Bitcoin Latest News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Posted on 20 January 2018 | 5:10 am

Battle-Testing Lightning: 26 Schools Start Contest to Secure Bitcoin's Layer 2 - CoinDesk


CoinDesk

Battle-Testing Lightning: 26 Schools Start Contest to Secure Bitcoin's Layer 2
CoinDesk
While many see the Lightning Network as the main hope for bitcoin's scaling issues, it's unclear whether many developers are actually working to make that a reality. According to Lightning Labs CEO Elizabeth Stark, there may be as few as 10 total full ...

Posted on 20 January 2018 | 4:34 am

Battle-Testing Lightning: 26 Schools Start Contest to Secure Bitcoin’s Layer 2

Organizers hope a new competition will spur security advances for Lightning, but also steer bitcoin debates in more constructive directions.

Posted on 20 January 2018 | 4:30 am

Best Bitcoin wallets for Android in 2018 - TechRadar


TechRadar

Best Bitcoin wallets for Android in 2018
TechRadar
Bitcoin (BTC) was originally invented as a decentralized and easy-to-use payment system. To this end there are a huge amount of wallet applications available for Android phones and devices, allowing you to take your BTC with you on the move. In this ...

Posted on 20 January 2018 | 3:01 am

Bitcoin And Socioeconomics Are At Odds - Seeking Alpha


Seeking Alpha

Bitcoin And Socioeconomics Are At Odds
Seeking Alpha
Over the past century the world has dropped the gold standard, and the reasons for that lead one to think cryptocurrencies will not be our new payment system. Our modern social democratic economies need the ability to print money in order to finance ...

Posted on 19 January 2018 | 4:48 pm

Prominent crypto critic calls bitcoin a 'bubble' and says go to Vegas if you want to gamble - CNBC


CNBC

Prominent crypto critic calls bitcoin a 'bubble' and says go to Vegas if you want to gamble
CNBC
Despite additional adoption of bitcoin as a payment method since then, Robinson repeated that sentiment, saying "nobody is using it." Robinson, a prolific writer who made his mark as an investigative journalist, said the media was responsible for ...

Posted on 19 January 2018 | 1:20 pm

Report: India's Government Sends Tax Notices to Cryptocurrency Traders

India has sent tax notices to tens of thousands of cryptocurrency owners within its borders.

Posted on 19 January 2018 | 12:15 pm

Bulgaria Joins 'International Operation' Against OneCoin

Bulgaria's government has revealed it is part of an international crackdown of OneCoin.

Posted on 19 January 2018 | 11:15 am

OKCoin Eyes Cryptocurrency Exchange Launch in South Korea

Cryptocurrency exchange OKCoin is reportedly moving to launch in South Korea – possibly as soon as next month.

Posted on 19 January 2018 | 10:20 am

What is Ripple?

ripple101.jpg

By Shawn Gordon

What is Ripple? Technically speaking, is Ripple a cryptocurrency in the mold of Bitcoin? The short answer is probably “no,” but that doesn’t stop it from often being lumped into that same category.

What is Ripple?

Originally released in 2012 as a subsequent iteration of Ripplepay, Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network. Using a common ledger that is managed by a network of independently validating servers that constantly compare transaction records, Ripple doesn't rely on the energy and computing intensive proof-of-work used by Bitcoin. Ripple is based on a shared public database that makes use of a consensus process between those validating servers to ensure integrity. Those validating servers can belong to anyone, from individuals to banks.

The Ripple protocol (token represented as XRP) is meant to enable the near instant and direct transfer of money between two parties. Any type of currency can be exchanged, from fiat currency to gold to even airline miles. They claim to avoid the fees and wait times of traditional banking and even cryptocurrency transactions through exchanges.

How Is It Fundamentally Different From Bitcoin?

It is the validating servers and consensus mechanism that tends to lead people to just assume that Ripple is a blockchain-based technology. While it is consensus oriented, Ripple is not a blockchain. Ripple uses a HashTree to summarize the data into a single value that is compared across its validating servers to provide consensus.

Banks seem to like Ripple, and payment providers are coming on board more and more. It is built for enterprise and, while it can be used person to person, that really isn't its primary focus. The main purpose of the Ripple platform is to move lots of money around the world as rapidly as possible.

Thus far, Ripple has been stable since its release with over 35 million transactions processed without issue. It is able to handle 1,500 transactions per second (tps) and has been updated to be able to scale to Visa levels of 50,000 transactions per second. By comparison, Bitcoin can handle 3-6 tps (not including scaling layers) and Ethereum 15 tps.

Ripple’s token, XRP, isn't mined like Bitcoin, Ethereum, Litecoin and many other cryptocurrencies. Instead, it was issued at its inception, similar in fashion to the way a company issues stocks when it incorporates: It essentially just picked a number (100 billion) and issued that many XRP coins.

What is XRP and What’s It Used For?

As a technology, the Ripple platform may have real value and real history that validate the claims they make for its efficacy. The XRP token itself, however, seems to have negligible use cases. In fact, Ripple had planned to phase it out — at least, until fevered interest in cryptocurrencies began to take off in 2016. Nevertheless, as CNBC noted today, if Ripple hits $6.57, its market capitalization will be bigger than Bitcoin’s.

There are 100 billion XRP tokens that were issued by the Ripple company. At the moment, the company promises that this is the total number of XRP that there will ever be (though, technically, there is nothing to stop them from issuing more tokens in the future). Ripple’s hub-and-spoke design positions XRP in the middle as a tool that is fungible with any currency or digital asset, such as frequent flyer miles. Ripple can settle a payment in 3.5 seconds through XRP and have it available and spendable. The use of XRP is totally independent of the Ripple network in general; that is, banks don't actually need XRP to transfer dollars, euros, etcetera which is what many small investors might be missing when they are buying the token.

What Is Ripple’s Value Proposition?

The value here is the Ripple network itself and its ability to move assets around the world quickly, rather than in the XRP token.

Banks are able to use the Ripple software to shift money between different foreign currencies. Currently, this is typically accomplished using SWIFT, a system that is cumbersome and relies on the banks having separate accounts in every country they work in. Ripple says it has signed up more than 100 banks (compared to SWIFTs 11,000 financial institutions) including American Express.

So Why All the Hype?

While Bitcoin has seen a dramatic rise in price over the course of 2017, the end of the year saw the cryptocurrency almost breaking $20,000. As the price drove higher, we saw a massive increase in price for a large number of altcoins, with Litecoin jumping from $50 to nearly $400, Ethereum doubling, NEM and EOS going up by a factor of five, and the list goes on and on. The fear of missing out has driven many investors wild and “lower-priced” currencies are attractive to new investors who mistakenly think that the high price of an entire BTC puts the currency out of their reach.

Add to all the hype the rumors that had been swirling on social media through December 2017, that Coinbase was going to list Ripple, which caused the price to surge, which in turn prompted Coinbase to address the rumors in a more generic fashion in this blog post on January 4, 2018:

“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

ripple chart jan19

The Coinbase announcement caused a big drop in Ripple, back to around the same levels as before the rumors began. SInce then, Ripple has both dipped dramatically and recovered, as have many other volatile cryptocurrencies. While Coinbase doesn’t support Ripple, there are a number of ways for people to acquire Ripple, should they still want to.

Words of Caution

There has been a lot of ink used on criticizing Ripple as well. The complaint from Bitcoin and other blockchain enthusiasts is that Ripple’s centralized control is in direct contrast to the ideals and advantages of decentralized blockchains like Bitcoin.

Ripple also maintains a trusted Unique Node List (UNL) that is meant to protect against potentially malicious or insecure validating servers. It is the UNL that controls the network rules, presenting a conundrum: On the one hand, it protects against problematic validators, but, in theory, a regulating body or government could come in and force a change that isn't necessarily desirable or is downright invasive. Furthermore, because of a FinCEN violation and fine in 2013, Ripple has updated its policies and will only recognize and recommend gateways that are in compliance with financial regulations.

New York Times reporter Nathaniel Popper commented on Twitter that he has yet to find a bank that anticipates using the XRP token in any meaningful way. Ripple’s CEO, Brad Garlinghouse, has denied Popper’s claims stating, “Over the last few months I’ve spoken with ACTUAL banks and payment providers. They are indeed planning to use xRapid (our XRP liquidity product) in a serious way.” However, as Popper points out, even the banks that he contacted at Ripple’s suggestion were non-committal in their plans to implement Ripple anytime soon.

According to the Financial Times, of the 18 banks and financial services companies publicly linked to Ripple, most of them stated that they “had not yet gone beyond testing” while a few had moved on to using Ripple’s systems “for moving real money.” However,  not one of the 16 companies that responded had used the XRP token.


This article originally appeared on Bitcoin Magazine.

Posted on 19 January 2018 | 10:15 am

TEPCO Invests in Blockchain Startup in Bid to Decentralize Systems

The Tokyo Electric Power Company Holdings announced it had invested in blockchain startup Electron to develop an asset management platform.

Posted on 19 January 2018 | 9:15 am

Cornell IC3 Researchers Propose Solution to Bitcoin’s Multisig “Paralysis” Problem

Cornell IC3 Researchers Propose Solution to Bitcoin’s Multisig “Paralysis” Problem

Owning cryptocurrency comes with its own set of challenges. One of the biggest of those challenges is managing the private keys that enable you to spend funds. Lose your private keys, and your money is gone.

In a business environment, a common way to manage funds owned by multiple people is via what’s called a multisignature (multisig) address, a type of smart contract requiring two or more parties to sign off on a transaction to move the funds. 

This can be problematic, however. Let’s say you have a three-of-three multisig that requires you and two business partners to sign off on a transaction. If one person dies, disappears or becomes incapacitated, those assets become frozen — a risk some might feel uncomfortable with when dealing with tens of thousands of dollars or more.   

One way to ameliorate that risk might be to opt for a two-of-three multisig, where only two instead of all three individuals need to sign off on a transaction. But that’s not a complete solution either. Two players could conspire against the other one and run off with the money.

What now? If your funds are on the Ethereum blockchain, you could write a smart contract that would allow you to free the funds if one person in your trio disappeared.

However, Bitcoin with its limited scripting language makes things more difficult. “This seems like an unsolvable problem if you think about the traditional tools,” said Ari Juels, a professor at Cornell Tech and co-director of the Cornell Initiative for Cryptocurrencies and Contracts (IC3).

Paralysis Proofs

In a paper titled “Paralysis Proofs: How to Prevent Your Bitcoin from Vanishing,” researchers Fan Zhang, Phil Daian, Iddo Bentov and Ari Juels from the IC3 outline how to deal with what happens when a party is unable, or unwilling, to sign off on a multisig transaction in Bitcoin. The solution involves a combination of blockchain technology and trusted hardware — Intel SGX, in this case.   

Trusted hardware allows you to run code inside a protected enclave. Even a computer’s own operating system is unable to access data inside an enclave, so if your computer were to be hacked, the code in the enclave would remain secure.

IC3’s solution proposes replacing a trusted third party, such as a lawyer or a bank, who would put money in an escrow, with a trusted hardware solution that retains control of a master key to the funds.  

If one of the three people in the contract dies, the other two initiate a “paralysis proof.” That proof is based on a challenge sent to the missing third person. If the missing person responds to the challenge, the money stays put. If the missing person does not respond, the trusted hardware releases the funds to the remaining two players.  

Trusted hardware is only part of the solution, however. If the third person were to try and respond to the challenge request with an indication she is still alive, conceivably, the other players could intercept that message. To ensure that does not happen, the second half of IC3’s solution involves sending the message via the blockchain, which provides a tamper-proof and censorship-resistant medium.    

“By combining these two [methods], we can achieve the exact properties we’re after,” Juels explained to Bitcoin Magazine. “We can enable trusted hardware to determine whether or not somebody is alive, and there is no way to prevent a relevant message from getting transmitted if it is coming through the blockchain.”   

How It Works

Put simply, this is how to achieve a paralysis proof as outlined by the IC3 researchers:

  • Two players suspect a third is dead, so they post a challenge on the blockchain. The challenge consists of a tiny “dust” UTXO that the third person must spend within a certain period of time, say 24 hours, to prove she is alive.
  • The two players also get a “seize” transaction they may post to the blockchain later to collect the funds, if the third person does not respond to the challenge.
  • If the third person sends back a response by spending the UTXO, the game is over; the two others are not able to take control of the funds.  
  • Alternatively, if the third person does not return an “alive” signal by spending the UTXO before the time-out, then the two others can use the “seize” transaction to take control of the funds.  

This not the only use case for a paralysis-proof system. Juels thinks the solution would work well in any situation that called for a controlled access to private keys that could not otherwise be maintained on a blockchain. “It is actually a very general scheme you could use for lots of other purposes,” he said.   

For instance, a paralysis-proof system could be used as a dead man’s switch for control over the release (or decryption) of leaked information or a journalist’s raw materials. It could also be used in numerous ways to control daily spending limits from a common pool of money or as a conditioned expenditure based on an outside event (as reported by an oracle), like a student getting good grades or a salesperson meeting a sales quota.   

“Basically, you can a rich set of conditions around the expenditure of money using the fact that a trusted hardware kind of acts like a trusted third party,” said Juels.

This article originally appeared on Bitcoin Magazine.

Posted on 19 January 2018 | 9:07 am

Advertise with Anonymous Ads

Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week - CNBC


CNBC

Staten Island-based 'CabbageTech' charged with bitcoin-related fraud after promising 300% returns in a week
CNBC
The U.S. Commodity Futures Trading Commission announced Friday it has charged Patrick K. McDonnell and his company CabbageTech with "fraud and misappropriation in connection with purchases and trading of Bitcoin and Litecoin." The company promised ...
Two bitcoin traders charged with fraudCNNMoney
Bitcoin currency operators slapped with lawsuits alleging fraudCNET
Federal regulators file fraud charges against three bitcoin operatorsDigital Trends
Engadget -Bloomberg -BGR -CFTC
all 50 news articles »

Posted on 19 January 2018 | 8:37 am

PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders

The PBoC's Beijing division has reportedly issued a document requiring payment services to stop facilitating crypto trading activities.

Posted on 19 January 2018 | 8:00 am

CFTC Files Suits Against Crypto Investment Schemes for Alleged Fraud

The U.S. Commodity Futures Trading Commission brought two lawsuits against allegedly fraudulent cryptocurrency investment schemes yesterday.

Posted on 19 January 2018 | 7:09 am

Massachusetts Sues ICO Organizer for Alleged Securities Violations

Massachusetts' securities enforcement office is suing a resident and his company for selling unregistered securities in a token sale.

Posted on 19 January 2018 | 7:00 am

2018's Challenge: Promote Responsible Blockchain Innovation

The chief innovation officer at the U.S. regulator for national banks details the agency's efforts to support fintech while still mitigating risk.

Posted on 19 January 2018 | 6:00 am

Stuck at $12K: Bitcoin Price Needs Quick Progress to Avert Further Losses

With its recovery stalled, bitcoin needs a quick break above $12,500 or the tide may turn in favor of the bears.

Posted on 19 January 2018 | 5:00 am

Global Securities Watchdog Warns Investors on ICO Risks

An organization of global securities regulators has issued a notice alerting investors to the perceived risks associated with initial coin offerings.

Posted on 19 January 2018 | 4:00 am

SEC Outlines Reasons for Reluctance to List Cryptocurrency ETFs

An SEC letter states there are "significant investor protection issues" to be examined before opening up crypto-ETFs to retail investors.

Posted on 19 January 2018 | 3:00 am

Why São Paulo Wants to Pay for Infrastructure with Cryptocurrency

The Brazilian state wants to pay for feasibility studies with a token designed for the construction industry. Can such a coin achieve network effect?

Posted on 19 January 2018 | 2:00 am

The ECB Wants to Hear Your Cryptocurrency Questions

The European Central Bank is soliciting questions for its president, Mario Draghi, specifying that cryptocurrencies should be a topic.

Posted on 19 January 2018 | 12:00 am

Where'd You Get That Token? 7 Platforms Managing ICOs

A handful of platforms have launched to support token issuers with their sales. Which one an issuer uses may say something about the token itself.

Posted on 18 January 2018 | 10:11 pm

Virginia Beach Government Backs Bitcoin Mine With $500K Grant

The U.S. city of Virginia Beach has granted $500,000 to help establish a new bitcoin mine in the area.

Posted on 18 January 2018 | 1:45 pm

NYSE Parent Company Launches Cryptocurrency Data Feed

Intercontinental Exchange announced today that it was partnering with Blockstream to launch a cryptocurrency price data feed.

Posted on 18 January 2018 | 1:00 pm

ESMA Seeks Public Input on Cryptocurrency Derivatives Policy

The European Securities and Markets Authority released a public call for input on cryptocurrency-based contracts-for-differences.

Posted on 18 January 2018 | 12:00 pm

Decentralizing the Sharing Economy With Blockchain Technology

Decentralizing the Sharing Economy With Blockchain Technology

San Francisco–based startup Origin is creating a set of protocols that allow developers and businesses to build decentralized marketplaces on the blockchain, with a focus on the sharing economy.

The Origin Protocol is a set of open-source blockchain protocols for buyers and sellers of services like car-sharing or home-sharing to transact on a decentralized, open web platform.

The protocol’s applications will store transactional data such as pricing and availability directly on the blockchain.

Leveraging the Ethereum blockchain and the Interplanetary File System (IPFS), the Origin platform will create and book services and goods in a decentralized way, without traditional intermediaries.

Recently, Origin launched its functional, completely decentralized prototype Origin Protocol Demo DApp, live on the Ethereum test network. It also announced that several companies have committed to developing further applications on the Origin platform.

“Our vision for Origin is to create protocols that allow marketplaces to be governed by a set of rules instead of corporate rulers. We want to eliminate the rent-seeking middlemen, maximize personal liberty, reduce censorship and redistribute value to the early participants in the network,” Origin co-founder Josh Fraser said in conversation with Bitcoin Magazine. “Partners are building on Origin because they realize they can get to market sooner and we can share network effects by working together.”

Tackling the Problems of the Centralized Marketplace

Uber and Airbnb, the hugely popular marketplaces for ride-sharing and home-sharing, are usually considered the leading players in the emerging “sharing economy.” Another buzz phrase, “people as a service,” describes the business models of these two companies, both of which attracted funding that values them in the tens of billions of dollars.

Consumers perceive that Uber and Airbnb are faster, cheaper and better alternatives to traditional services like taxis and hotels, delivered via sophisticated yet easy to use apps. But, while the consumer has the impression that they are buying services directly from individual providers in decentralized, P2P networks, Uber and Airbnb are centralized systems where transactions between individual consumers and providers are routed through infrastructure, hubs and software that belong to the companies that own the platform.

Centralization makes Uber and Airbnb vulnerable to regulatory actions, and there is the possibility that both services could be shut down by the government at any time. In the meantime, besides taking a fee, the platform owners are in complete control of the networks and the individual providers and are often accused of predatory behavior.

“Look at Uber and Airbnb as examples,” said Fraser. “Both companies have been banned or heavily regulated in cities all around the world. Likewise, those companies have a history of banning certain individuals for life from ever using their marketplaces.”

Uber and Airbnb (the Services) without Uber and Airbnb (the Companies)

According to data provided by Origin, Uber, Airbnb and other centralized sharing marketplaces are expected to earn $40 billion in platform fees annually by 2022, and the sharing economy as a whole is expected to top $335 billion by 2025. Some centralized sharing services charge upwards of 30 percent fees for hosting transactions.

Origin wants to cut out these middlemen with new standards based on blockchain technology.

The Origin platform “enables people to freely transact on the blockchain in decentralized marketplaces without rent-seeking middlemen,” says Coleman Maher. who recently joined Origin as its first business development hire. “We aim to eliminate excessive transaction fees, reduce censorship and redistribute value back to the community.”

“We imagine a broad collection of vertical use cases (e.g short-term vacation rentals, freelance software engineering, tutoring for hire) that are built on top of Origin standards and shared data,” reads the Origin product brief. Origin applications will be able to share users, creating a “shared network effect” that could benefit all application providers, as well as the consumers.

Bee Token, SnagRide, JOLYY, Acquaint, Aworker, BlockFood, Edgecoin and ODEM have committed to building on the Origin platform. More partners will be announced in the coming months.

The first two projects are in Airbnb and Uber territory. The Bee Token team, a group of former employees from Google, Facebook, Uber and Civic, is building a middleman-free, peer-to-peer network of hosts and guests on the decentralized web, with the stated goal of “reinventing the home sharing economy.” SnagRide is a ride-sharing application for mid– to long-distance rides, which leverages artificial intelligence and blockchain-powered smart contract technologies to smartly manage drivers and passengers willing to travel together between cities and share the cost of the trip.

The Origin ecosystem will offer incentives based on the Origin token, an ERC20 utility token on the Ethereum blockchain, described in the Origin white paper. The Origin token, to be distributed later in 2018, is the currency used for transactions on the Origin platform. However, the Origin team plans to implement on-the-fly conversions of fiat currencies and Ethereum to the Origin token in future releases.

This article originally appeared on Bitcoin Magazine.

Posted on 18 January 2018 | 11:06 am

This week's Bitcoin crash was all about fraud and regulation - The Verge


The Verge

This week's Bitcoin crash was all about fraud and regulation
The Verge
Cryptocurrencies have had a rough week: the value of bitcoin plunged to a mere 50 percent of its 2017 peak, and other currencies, such as Ethereum, Ripple, and Litecoin have seen double-digit losses compared to their heights from last year. Tuesday ...
Cryptocurrency Investors Worry, Wait After Bitcoin Price DropNPR
Bitcoin: Dead Cat Bounce Or Bottom In Place?Forbes
After a Terrible Start to 2018, Bitcoin Rebounds Above $11000Fortune
CNBC -The Guardian -Bloomberg
all 1,255 news articles »

Posted on 18 January 2018 | 7:35 am

Halong Mining and MyRig Announce Partnership

dragonmint.png

Halong Mining and MyRig are working together to bring the new DragonMint miner from Halong to market.

First announced in November 2017, the new Halong Mining DragonMint 16T miner is the result of 12 months of R&D and a $30 million investment in development. It has a hashrate of 16th/s with a power consumption of 1440–1480 watts optimized for 240v operation. The DM8575 ASIC runs at 85 GH per chip with a power efficiency of 0.075 J/GH. No special modifications are needed in a data center to use the DragonMint if it is already configured to support a typical Chinese-manufactured ASIC miner.

MyRig (formerly BitmainWarranty) has been providing hosting and retail sales of miners and accessories, PCB design and manufacturing, software engineering and factory approved warranty and repair services since 2013. The partnership with Halong means that MyRig will take care of retail-side distribution, support and warranty services for the DragonMint 16T.

Halong will be manufacturing the DragonMint and continue to sell direct, albeit with a five-unit minimum. Halong told Bitcoin Magazine that the five-unit minimum per order on their site will remain when ordering direct from Halong, but when ordering from MyRig, customers will be able to order single units. They indicated that lead time for shipping at the moment is April 15–30, 2018, and they expect the first batch to go out in March 2018.

According to a MyRig representative, they will ship to any country that either UPS or DHL can deliver to, provided it is not on a sanctions list.

This article originally appeared on Bitcoin Magazine.

Posted on 17 January 2018 | 3:37 pm

Hyperledger’s Behlendorf: 2018 Will Bring Breakthrough Blockchain Developments

hyperledger_behlendorf.png

Brian Behlendorf is confident that 2018 will be a peak year, not only for Hyperledger — the international consortium of companies and organizations developing open source, permissioned blockchain technology — but also for blockchain technology in general as businesses and governments recognize the potential power of distributed ledgers and smart contracts.

“2018 will be the year that Hyperledger and blockchain come into their own. Projects demonstrating real world solutions, like Change Healthcare, that will enable healthcare systems to better and more efficiently process claims and payments, will launch this year.”

Hyperledger, founded in 2015, incubates and promotes blockchain technologies for business, including distributed ledgers, client libraries, graphical interfaces and smart contract engines.

Their 200 members include leading companies in finance, banking, Internet of Things, supply chains, manufacturing and technology development.  

“2017 was a milestone year for Hyperledger both for new members and for new technical breakthroughs. In 2017 we doubled our membership, gaining companies like American Express, Cisco, Daimler and Baidu, and we’re expecting more companies and organizations to join in 2018,” said Behlendorf.

“On the technical side, 30 companies and more than 100 developers contributed to the launch of the first production ready Hyperledger blockchain framework called Hyperledger Fabric,” he added.

According to Behlendorf, an important part of Hyperledger’s mandate is to also help educate and train the workforce for the many new blockchain opportunities coming in 2018.

“We’re happy to have launched our new Resource Center, and our online blockchain course is a great success with more than 45,000 enrolled and an average of 2,500 new enrollments per week.”

Hyperledger Blockchain Frameworks

In 2018, Hyperledger will start launching a number of frameworks and platforms that are currently in incubation.

“Interoperability in a multi-blockchain world will be the major focus in 2018. A number of Hyperledger projects are exploring integrations among one another including Hyperledger Sawtooth and Burrow and Indy, Composer and Quilt.”

Behlendorf expects that 2018 will also see some experimentation with different levels of permissioned access to blockchain networks.

He noted that permissioned and permissionless is more of a spectrum than a binary notion, and an important question is what the cost to join a node to a network is in any blockchain platform.

By reducing the cost of joining a networked ledger, Hyperledger hopes to enable new use cases and ways to solve problems.

“Hyperledger was started by a set of developers very focused on modest-sized permissioned ledgers, so that’s where the initial work has been, but there’s no hard limit to that. So we’re happy to look at options that make it easier, perhaps even to full permissionless frameworks,” said Behlendorf.

“I should note that our projects including Hyperledger Indy (for identity), Hyperledger Burrow (for smart contracts), Hyperledger Quilt (for interoperability) and Hyperledger Composer and Cello (developer tools) are agnostic about consensus mechanisms and would work fine with permissionless approaches,” he added.

Expect to see the following Hyperledger launches in 2018:

Quilt will offer interoperability between ledger systems by implementing ILP, which is a payments protocol designed to transfer value across distributed and non-distributed ledgers.

Sawtooth is a blockchain platform for creating and managing distributed ledgers. Sawtooth includes Proof of Elapsed Time (PoET) and a new consensus algorithm that is maintained without a central authority. It was originally proposed by Intel.

Iroha is a business blockchain framework for infrastructure projects that require the use of distributed ledger technology. It includes a chain-based Byzantine Fault Tolerant consensus algorithm. Soramitsu, Hitachi, NTT DATA and Colu originally proposed this framework.

Burrow is a smart-contract creator with a permissioned smart-contract interpreter included.

Indy is a distributed ledger with a decentralized identity designed to create independent digital identities between blockchains.

Composer is an open development tool set designed to make it easier to integrate existing business systems with the blockchain.

This article originally appeared on Bitcoin Magazine.

Posted on 17 January 2018 | 3:21 pm

Bitcoin tops $10,000 milestone

Posted on 29 November 2017 | 2:30 am

Bitcoin price climbs over $4,000

Posted on 14 August 2017 | 1:16 am

Bitcoin reaches new all-time high: $3,000

Posted on 12 June 2017 | 1:06 am

Consulting firm EY Switzerland accepts Bitcoin

Posted on 26 November 2016 | 12:47 am

Bitcoin Trading Bots

There have been a wide variety of situations in which algorithmic trading programs have proven to be beneficial for investors. However, investors who only trade a cryptocurrency can also take advantage of bitcoin trading bots. Through bitcoin bot trading, traders can become more flexible and prompt, minimize errors and process information more rapidly. At this… Read More »

Posted on 8 November 2016 | 6:20 pm

Steam accepts Bitcoin

Posted on 29 April 2016 | 1:09 am

Major Magazine Publisher to Accept Bitcoin Payments

Posted on 18 December 2014 | 12:43 pm

Mozilla accepting Bitcoin

Posted on 20 November 2014 | 1:55 pm

PayPal and Virtual Currency

Posted on 23 September 2014 | 9:52 pm

Wikimedia Foundation Now Accepts Bitcoin

Posted on 30 July 2014 | 3:14 pm

German Newspaper "taz" accepts Bitcoin

Posted on 22 July 2014 | 1:32 pm

airBaltic - World’s First Airline To Accept Bitcoin

Posted on 22 July 2014 | 11:03 am

January 20, 2018 -
Real Time Analytics