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Joseph Young

About author: Joseph Young

Joseph is a bitcoin enthusiast, financial consultant, web developer writer based in Hong Kong. He has worked with hotels and tech firms in Korea, the Philippines, Hong Kong and Singapore as a front-end developer and has collaborated with venture capital firms to explore bitcoin and virtual reality-focused startups in South East Asia.

Probability of Bitcoin Unlimited Hard Fork Execution: Where It Is Now

Category: Bitcoin, Blockchain, Commentary, News

Probability of Bitcoin Unlimited Hard Fork Execution: Where It Is Now

The majority of the Bitcoin community believes a hard fork execution will not occur anytime soon. Experts and developers including Andreas Antonopoulos, BitGo engineer Jameson Lopp and Charlie Shrem have noted that Bitcoin Unlimited is not ready for production and its policies toward closed development are not being supported by the market. Over the past few weeks, the Bitcoin Unlimited...

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IBM Targets Large-Scale Companies With Hyperledger's Fabric Blockchain

Category: Blockchain, Business, News

IBM Targets Large-Scale Companies With Hyperledger's Fabric Blockchain

IBM plans to target large-scale commercial enterprises with its new product called “Blockchain-as-a-Service” by allowing customers to utilize its public blockchain-based cloud service to construct private blockchain networks. Jerry Cuomo, IBM's VP of blockchain technology, announced that the IBM Blockchain-as-a-Service includes a broad range of blockchain-based cloud services that can be used by businesses to create and manage blockchain networks...

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Why Conventional Economists Still Push “Bitcoin is Criminal Money” Narrative

Category: Bitcoin, Commentary, News

Why Conventional Economists Still Push “Bitcoin is Criminal Money” Narrative

Several conventional economists including Ann Pettifor are still pushing the “Bitcoin is criminal money” narrative with the sole intention of misleading the general public. Pettifor Claims Bitcoin is a Ponzi Pettifor firmly believes that bitcoin is a pyramid scheme. However, like many other conventional economists and analysts including Marathon Asset Management CEO Bruce Richards, she struggles to provide a viable...

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Hyperledger’s Production-Ready Blockchain Code to Come Within March

Category: Blockchain, Business, News, Tech

Hyperledger’s Production-Ready Blockchain Code to Come Within March

The Linux Foundation-led Hyperledger Project, a blockchain group which includes 120 major corporations and financial institutions including IBM, Intel, JP Morgan, Deutsche Bank and Accenture, will release its first production-ready blockchain codebase by the end of March. The codebase, called Hyperledger Fabric, will be utilized as the base protocol and platform for its member banks and companies looking to use...

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Is Ethereum a Viable Alternative to Bitcoin as a Payment Network?

Category: Blockchain, Commentary, Ethereum, News

Is Ethereum a Viable Alternative to Bitcoin as a Payment Network?

The vast majority of digital currency and Bitcoin enthusiasts perceive Ethereum as a sophisticated smart contract protocol designed and structured to support unique decentralized applications. However, Social Minds founder and Reality Keys developer Edmund Edgar sees Ethereum as a viable alternative to bitcoin as a payment network, primarily due to its simple method of facilitating transactions. Processing payments on the...

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Ethereum Classic Integrates Deflationary Monetary Policy

Category: Altcoins, Ethereum, News

Ethereum Classic Integrates Deflationary Monetary Policy

Ethereum Classic (ETC), the spinoff project of the original Ethereum network created in response to the decision to bailout investors of the DAO, is fully detaching itself from the traditional Ethereum model, starting with the elimination of the original monetary policy, with the idea first floated in late 2016. The Ethereum network produces nearly 13 million new ether annually, without...

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R3 Member Bank BNY Mellon to Form Blockchain Development Team

Category: Finance, News, Tech

R3 Member Bank BNY Mellon to Form Blockchain Development Team

R3CEV, more commonly known as the R3 Consortium, member BNY Mellon is recruiting blockchain experts and developers to establish its own technology and blockchain team. The multi-billion dollar bank’s decision to form an in-house development group coincides with the R3CEV’s exit from the blockchain industry. On February 24, R3CEV officially exited from the blockchain scene with a press release entitled...

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Pakistan's First FinTech Center: Bitcoin and Blockchain Boost

Category: Bitcoin, Finance, News, Tech

Pakistan's First FinTech Center: Bitcoin and Blockchain Boost

Pakistan launched its first FinTech Center in February, which will focus on the development of payment-related financial technologies and growth of early stage startups looking into emerging markets such as bitcoin, the blockchain and peer-to-peer (P2P) payments. At the two-day Startup Lahore conference, Information Technology University (ITU) vice chancellor Umar Saif and University of Washington Department of Computer Science and...

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SEC Update on Winklevoss ETF: Higher Probability of Approval?

Category: Bitcoin, Finance, News

SEC Update on Winklevoss ETF: Higher Probability of Approval?

The Winklevoss Bitcoin ETF (COIN), which is to be either declined or approved by the Securities and Exchange Commission (SEC) on March 11, is seeing some progress that could result in the final approval. On February 14, SEC officials, the Winklevoss twins, Bats global markets chief, State Street ETF products specialist, KCG Holdings global head and representatives of Division of...

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Trezor's Fastest Growing Market is Japan, Transforming into Major Bitcoin Hub

Category: Bitcoin, Commentary, News

Trezor's Fastest Growing Market is Japan, Transforming into Major Bitcoin Hub

The fastest market of Trezor, an industry leading bitcoin hardware wallet manufacturer, is Japan according to Satoshi Labs community manager Bach Nguyen. With a well-regulated bitcoin exchange market and venture capital-backed exchanges such as bitFlyer, the Japanese bitcoin industry is beginning to lead the global bitcoin market. Satoshi Labs, headquartered in the Czech Republic, is also the parent company of...

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