Category: Bitcoin

Bitcoin

Hardware Wallets Just Got a Bit More Secure With Trezor’s Shamir Backups

Aaron van Wirdum

If hardware wallets have one Achilles’ heel, recovery seeds may be it. But Trezor’s SatoshiLabs has figured out a solution. Hardware wallets are generally considered to be among the most secure solutions for storing bitcoin. As the private keys to sign transactions never leave the device, these keys are never exposed to the internet and can, therefore, not be hacked remotely. Even with physical access to the device, subtracting the keys is no straightforward job — if it’s possible at all. (This appears to be an ongoing cat-and-mouse game between security researchers.) But even if we assume that they are secure, hardware wallets can still break, get lost, get stolen or become otherwise unusable. For these cases, users should keep a backup seed: a …

Bitcoin

BlockV Platform is Using Blockchain to Bring Vatoms to Life, Creating a Whole New Augmented Experience

Bitcoin PR Buzz Feed

Bitcoin Press Release: BlockV platform uses blockchain technology to create Vatoms, static virtual objects that can be transformed into dynamic virtual goods. 6th May 2019, Zug Switzerland – As our world evolves into an age of mixed, virtual and augmented reality, new kinds of human experience become possible and with them, incredible opportunities emerge. As these mixed reality layers become part of daily life, BLOCKv’s platform for the creation of Vatoms gives developers, publishers and brands superpowers to do amazing new things; using the power of blockchain, frictionlessly, for mass consumer engagement. BlockV’s Vatoms are unique for each user, often coming in the form of varied digital objects. Such objects can be developed into anything, from a vatomized Festival ticket, to an interactive digital billboard. This new technology …

Bitcoin

iCoin Takes Diamond Mining to Blockchain, Launches IEO

Bitcoin PR Buzz Feed

Bitcoin Press Release: Blockchain-based platform iCoin International is aiming to disrupt the diamond mining industry using decentralized technology fused with artificial intelligence announces the launch of its initial exchange offering for early backers. 6th of August, 2019, Sierra Leone: iCoin International is owned by Millennium Mining Corporation, and opts to leverage the power of blockchain and artificial intelligence to deliver efficiency, speed, and transparency to the precious gem industry. It has announced the launch of its initial exchange offering (IEO) in collaboration with LATOKEN to provide an opportunity to early backers to support the development and growth of the platform. Decentralized Diamonds Diamonds are one of the most sought after precious gems and have great value in both the industrial and social sectors. Their use in the …

Bitcoin

Ethereum Price (ETH) Could Continue Higher While Bitcoin Struggles

Aayush Jindal

ETH price climbed higher recently and settled above the $175 resistance area against the US Dollar. The price is currently consolidating gains and it might continue to rise towards $185 or $190. There is a key breakout pattern forming with support near $180 on the hourly chart of ETH/USD (data feed via Kraken). The price could dip a few points towards $176 or $175 before it could start a fresh increase. Ethereum price is showing positive signs above $175 versus the US Dollar, while bitcoin is struggling. ETH price remains supported on dips and it could rise further. Ethereum Price Analysis Recently, there was a solid rise in ETH price above the $175 resistance area against the US Dollar. However, bitcoin price struggled to gain momentum…

Bitcoin

How Bitcoin Distribution Is a Bullish Sign For Greater Adoption

Martin Young

There are a number of differing metrics analysts use to determine the health of the Bitcoin ecosystem. Hash rate and transactions are two of the most popular but distribution in terms of the number of addresses can also be used to determine adoption rates. Bitcoin Addresses Increasing Over the past two years the number of BTC addresses has surged indicating that the asset is undergoing greater adoption. The largest gain is the number of addresses with less than a million satoshis which also suggests a more even distribution that is not just a few whales or large exchanges. According to director of research at The Block, Larry Cermak, this is a very bullish metric. “This is probably the most bullish chart on Bitcoin I’ve seen to date. …

Bitcoin

Energy Companies Are Missing Out on Bitcoin Mining

Bitcoin Magazine

<iframe style=”border: none” src=”//html5-player.libsyn.com/embed/episode/id/11154686/height/90/theme/custom/thumbnail/yes/direction/backward/render-playlist/no/custom-color/87A93A/” height=”90″ width=”100{520ebc7d04367f10067c097a94259816cd1e6df76ec40212834858ca2e1af940}” scrolling=”no” allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green, another Bitcoin Magazine staffer, to talk about a spicy op ed he recently wrote about the Bitcoin mining energy consumption problem. Green flips the problem on its head by asking why more energy companies aren’t seeing the business opportunity in servicing cryptocurrency mining companies. The conversation meanders into the territory of universal basic income, the cost of printing money and even candy bars. Interview Op Ed: Bitcoin Uses a Lot of Energy, …

Bitcoin

China’s Central Bank Digital Currency Undergoes “Restricted Access Test”

8btc

This article was originally published by 8btc and written by Vincent He. A dedicated team from the People’s Bank of China’s (PBoC) Digital Currency Research Lab is now developing the system in a closed-door environment, away from the PBoC’s downtown Beijing headquarters, according to a report from September 5, 2019. China’s central bank digital currency (CBDC) has begun a “restricted access test” to simulate payment scenarios involving “some commercial and non-governmental organizations.” The test may be the integration of each module developed for the CBDC in which the outflow and inflow of digital money will form a complete, closed loop. On September 4, 2019, Changchun Mu, deputy director of the Payment and Settlement Department of China’s central bank, opened a public course called “Fi-tech Frontier: Libra and …

Bitcoin

Ten Billion Coin is the Chinese Blockchain for Supply Chain, Storage, Finance, and More

Bitcoin PR Buzz Feed

Bitcoin Press Release – Ten Billion Coin is a new blockchain designed to empower Chinese industries looking to leverage the power of distributed ledger technology to implement a fair platform where all transactions are recorded and transparent.   August 8th, 2019, Nantong, China The platform will allow existing companies to take advantage of this technology to provide transparent financial reports, supply chain managemenz, authentic product verification, customer usage and satisfaction reports, and etc. Ten Billion Coin is not trying to reinvent the wheel in blockchain, but rather help existing companies apply the advantages of the technology to their currently established business models to build stronger communities around their products or services via greater transparency. Ten Billion Coin’s goal is to help companies integrate blockchain technology as a tool …

Bitcoin

Cryptocurrency Exchange Payfty Launches its Mainstream Crypto Adoption Trump Cards

Bitcoin PR Buzz Feed

Bitcoin Press Release: Payfty, a licensed exchanged based in Estonia is driving cryptocurrency adoption through its new cCommerce platform and the creation of their own stable coin USDP. 10th of August, 2019, Estonia – In an effort to expand cryptocurrency adoption, Payfty is debuting the first ever crypto-focused cCommerce platform. The exchange will give customers the ability to buy and sell various day to day commodities using established cryptocurrencies such as Bitcoin. Through the expansion of commercial activity in the cryptocurrency space, Payfty aims to provide security and stability to the once volatile sector. With volatility as the pre-eminent roadblock to vendor acceptance of crypto-payments, Payfty has moved to minimize volatility risk with the creation of a stable coin known as USDP. By pegging USDP …