The problem is well known for Bitcoin; there are more transactions than miners can confirm. Now the shortage has reached Ethereum. Especially after popular ICOs, like Status’, the transaction volume is far beyond the network’s capacity. This problem could be easily solved. The miners, however, resist. Actually, Status is not much more than an Ethereum wallet for a mobile system....

READ MORE

It is widely known that Bitcoin has enjoyed immense popularity with underground crime markets because of the anonymity associated with financial transactions. Despite becoming mainstream for traditional businesses and everyday consumer commerce, crypto’s nefarious use remains strong, with ransomware and other criminal actors brazenly seeking to extort payment in bitcoin and underground markets now utilizing a variety of cryptocurrencies. The...

READ MORE

Gambling is considered one of the most ancient traditions found in the humankind regardless of culture or civilization. There are known instances of gambling in the Roman Republic, ancient Egypt, ancient China, and even the Northern Europe. There are numerous examples of games of chance played at the dawn of humans; in Rome, they first came up with heads and...

READ MORE

With terrorist activity concerns continuing to escalate, four U.S. senators have proposed legislation that would lead to significantly expanded federal government powers to seize citizen money when traveling to or from the United States. On May 25, a bi-partisan congressional group consisting of Sens. Charles Grassley (R-Iowa), Dianne Feinstein (D-Calif.), John Cornyn (R-Texas) and Sheldon Whitehouse (D-R.I.) introduced to Congress...

READ MORE

Matt Hall and John Watkinson, the co-founders of Larva Labs, a mobile app development studio that has created some of the most popular iOS and Android applications, released their latest project called CryptoPunks, an Ethereum-based tokenized ecosystem wherein digital creators can distribute artworks in a more transparent, secure and efficient manner. The CryptoPunks platform is currently in its early stage...

READ MORE

The UK’s financial regulator, the Financial Conduct Authority (FCA), has announced the second cohort of its fintech sandbox on June 15. Out of the 24 startups joining this year’s cohort, nine are developing solutions using blockchain technology, which is a testament to the potential that the FCA sees for this new technology to play a major role in the financial...

READ MORE

Bitcoin reached a new all-time high in June when it inched close to the $3,000 mark after an impressive six-month rally that saw the cryptocurrency triple in value. Unsurprisingly, bitcoin has been all over the media in the past few months as global adoption and the demand is increasing. However, adoption rates are faster in some countries, such as Japan,...

READ MORE

On June 16, Jeff Garzik announced the Alpha release of SegWit2x. After all, miners who have signed the agreement started to signal for its activation, SegWit2x is nearly instantly backed by more than 75 percent of the hash rate. The activation of SegWit, it seems, is safe - while the hard fork, which is part of the packet, is not....

READ MORE

Due to bitcoin’s pseudo-anonymous nature, which makes it difficult to link transactions to the individuals conducting them, bitcoin has become the new go-to ransom payment method in ransomware attacks. This development has led cybersecurity firms to buy and store bitcoin in case their clients decide to pay the ransom. However, regulations are making it increasingly difficult for cybersecurity specialists to...

READ MORE