Tag: blockchain

Why Blockchain Still Matters

(Image: Shutterstock) The overhype around blockchains has somewhat subsided in recent years, and they’re no longer perceived as a panacea to support all transactions, databases, and applications. Nevertheless, blockchains have become a valuable and essential tool for business—and a technology that companies should ignore at their peril. So, what is blockchain? It’s a distributed ledger that […]

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MyDashWallet was compromised for 2 MONTHS — users, move your cryptocurrency

MyDashWallet, a service that purports to be the fastest way of using DASH cryptocurrency, has revealed its platform was compromised for two whole months, and is now urging users to move their funds as soon as possible (if they’re still there). “The hacker was able to obtain private keys used between May 13th and July 12th.” wrote […]

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Moonday Morning: US college hit by ransomers demanding $2M in Bitcoin

Welcome back to another Moonday Morning, Hard Fork’s wrap-up of the weekend’s top cryptocurrency and blockchain headlines that you can’t afford to miss. Let’s check it out. 1. Leaders in US congress have drafted a bill that would prevent big tech companies from offering financial products and services like cryptocurrencies and digital assets, The Block […]

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Bitmain lost $150,000 because it mined an invalid Bitcoin block

Bitmain-owned mining pool Antpool appears to have squandered at least $150,000 worth of Bitcoin BTC mining rewards, reports BitMEX Research, the analytic arm of cryptocurrency exchange BitMEX. At 14:35 UTC, June 10, the Bitcoin network rejected a block after it had been mined, which effectively cancelled the 12.5 BTC ($146,200) reward intended for its miner. Any […]

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Shitposters are using sophisticated Bitcoin satellites to troll each other

Since December, a sophisticated set of satellites has beamed the entire Bitcoin BTC blockchain to Earth to enable use of the network without an internet connection — but cryptocurrency fans are now harnessing its power to viciously troll each other. can your shitcoin do this? https://t.co/Hl9HBipPYL — Blockstream Satellite Transmission Feed (@satnode) July 8, 2019 I can do […]

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‘Bitcoin is digital gold’ meme becomes real as BTC and gold markets align

Bitcoin BTC is often called “digital gold,” pitched as an alternative to the real thing. In 2019, the meme is actually real, as the two assets have performed almost identically over the past 30 days. Courtesy of Delphi Digital The chart below shows the year-to-date performance of digital assets grouped by market capitalization size. Notice […]

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Binance hackers suddenly move $8 million worth of stolen Bitcoin

More than $8 million worth of Bitcoin BTC stolen from cryptocurrency exchange Binance has suddenly moved. Earlier today, a combined 707.1 BTC was sent from one of the hacker‘s Bitcoin wallets to a separate pair of addresses. The two transfers, for 706.1 BTC ($8 million) and 1 BTC ($11,384) respectively, were detected by Twitter-based transaction […]

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Here’s why Satoshi Nakamoto set Bitcoin’s supply limit to 21 million

Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and info to keep you up to date in the cryptocurrency and blockchain world. When Satoshi Nakamoto built Bitcoin, design choices were made that effectively limits the number of Bitcoins that will ever exist to (roughly) 21 million. A fixed supply limit certainly gives Bitcoin […]

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You can now buy shares in this brewery using cryptocurrency

Paying for coffee with Bitcoin is a common trope in the cryptocurrency industry, but what about beer? More specifically, what about buying shares of a beer company with Bitcoin? The edgy Scotland-based brewery BrewDog announced yesterday that it’s extending its current round of crowdfunding – what it calls, “Equity for Punks” – until April 2020, […]

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Monero security flaw could’ve seen XMR stolen from cryptocurrency exchanges

Privacy-focused altcoin Monero has suddenly disclosed nine security vulnerabilities — including one that could have allowed hackers to steal XMR from cryptocurrency exchanges. Until March, rogue Monero miners were hypothetically able to create “specifically-crafted” blocks to force Monero wallets into accepting fake deposits for an XMR amount chosen by the attacker. “It is our belief that this can […]

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Meet the blockchain developer building 12 Lightning apps in 12 months

Devs love a challenge, and there’s a mountain of opportunity in Bitcoin and blockchain. One of the fastest growing areas of blockchain development is Bitcoin sidechain, the Lightning Network. To learn more about the possibilities that the Lightning Network offers, Hard Fork spoke to someone deep in the trenches: a developer who’s set himself the […]

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Bitcoin scammers texted victims informing them they’d been conned out of $30,000

Normally, you won’t immediately know when you’ve fallen victim to a cryptocurrency scam. You might start to wonder where your money has gone and why no one is responding to your questions. Eventually though, reality will set in after you recognize that scammers have made off with your money and are nowhere to be found. Well, […]

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Ethereum still loved by dapp developers, but trails behind in active users

Ethereum might feature more decentralized apps (dapps) than any other blockchain, but its rivals are enjoying significantly higher usage. In fact, TRON dapps attracted more active users than any other network over the past three months, reports Dapp.com with new research. “484 new dapps were added to the market this quarter, and Ethereum ETH is still […]

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UK regulator wants crypto-derivatives ban to protect ‘ill-suited’ retail investors

The UK‘s Financial Conduct Authority has proposed a ban on cryptocurrency-related investment products to protect retail investors. In an announcement released earlier today, the FCA said that cryptocurrency-based derivatives and exchange traded notes (ETNs) are “ill-suited to retail consumers who cannot reliably assess the value and risks.” “Most consumers cannot reliably value derivatives based on […]

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7 months after Hash Wars, Bitmain’s BTC.com appears to mine Bitcoin SV

BTC.com, the flagship mining pool of cryptocurrency firm Bitmain Technologies, appears to have started mining the Bitcoin Satoshi Vision (BSV) blockchain once again – a likely controversial move. According to multiple blockchain explorers, BTC.com has mined roughly one percent of BSV blocks over the past 24 hours, and is currently contributing a relatively small hash rate […]

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Cryptocurrency exchanges including Coinbase suffer downtime as CloudFlare goes dark

Major web host CloudFlare has suffered a technical mishap that sent multiple cryptocurrency services – including Coinbase – into unexpected downtime. Cryptocurrency services known to have been affected include Bitfinex, Coinbase, Coinbase Pro, CoinMarketCap, and MyEtherWallet. Our CDN/DDoS protection provider @cloudflare is currently experiencing issues across different regions. Our platform is stable and live, and […]

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Nestlé plans blockchain pilot for its palm oil, but it won’t run on IBM tech

Nestlé has bragged it’s the first major food and beverage company to announce a blockchain pilot that will allow consumers to track product sustainability and provenance. The company’s DLT program will start by tracing milk from producers in New Zealand to Nestlé’s factories and warehouses in the Middle East. Nestlé expects to add palm oil […]

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Ohio real-estate developers ditch ‘blockchain hub’ plans over lack of interest

Real-estate developers attempting to reinvigorate a failing shopping mall with the blockchain are stepping away from the idea after realizing it’s not what the public want. The shopping mall, located in Cleveland, Ohio’s Tower City  was originally planned to become a “blockchain-focused technology hub,” Cleveland.com reports. It will now become an entrepreneurship center, with some […]

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