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Qtum Forges Ahead with Development of Its x86 Virtual Machine and Expanded Network — Bitcoin Magazine

Qtum is on the move with the announcement of a partnership with Baofeng to begin running 50,000 full Qtum nodes and an upcoming x86 VM to support multiple languages for smart contracts. Qtum is a hybrid of Bitcoin and Ethereum that is based on proof-of-stake consensus instead of proof of work, and is compatible with existing Ethereum contracts as well ...

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Bitcoin Sees Lower Lows as It Drops Below Historic Support

Over the last couple months, we’ve been tracking a potential Distribution Trading Range at the top of bitcoin’s market cycle. Today, we have received higher confidence that bitcoin may have topped out. At around 3:00 p.m. EST, bitcoin broke through the bottom of the trading range and is now seeing aggressive selling as long positions begin to close and short ...

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Warns Stellar Community Not to Log In to Site — Bitcoin Magazine

On January 13, an unknown hacker(s) hijacked the DNS server for BlackWallet.co, a web-based wallet for the Stellar Lumens cryptocurrency, and redirected it to their own server. Security researcher Kevin Beaumont, who analyzed the code, said, “The DNS hijack of Blackwallet injected code, if you had over 20 Lumens it pushes them to a different wallet.” It is estimated that ...

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In Some Ways, Bitcoin Is More Robust Than Many Fiat Currencies

In a recent article on the basics of bitcoin and other cryptocurrencies (PDF), Aleksander Berentsen and Fabian Schär of the Federal Reserve Bank of St. Louis cover the usefulness of bitcoin and other alternative cryptoassets. Throughout the article, Berentsen and Schär make the case that cryptoassets are well suited to become a new, important asset class. The duo goes as ...

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Making Voting, Elections Both Secure and Accessible with Blockchain Technology

Voatz, a startup based in Boston, MA, promises to dispel some of the biggest challenges associated with voting: access, security, transparency and efficiency. The company plans to achieve this goal by combining internet-based voting with blockchain technology. What is Voatz? Voatz enables voters to make their voices heard conveniently by allowing mobile voting via any smartphone or tablet connected to ...

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Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain

The Institutes has announced a new blockchain framework called RiskBlock to provide more streamlined and secure proof of insurance. Nationwide Insurance is the first company to begin rolling out product on the platform. RiskBlock is the first blockchain framework delivered from the newly formed RiskBlock Alliance and the first of its kind that is designed specifically for the risk management ...

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Choppy Market Conditions Lead to Tests of Parabolic Resistance

The bitcoin market has been getting chopped to pieces for weeks as the market has faked up, faked down, consolidated and routinely stopped out traders. Last week, we discussed a potential large move due to a consolidated symmetrical triangle. However, the breakout failed to garner any momentum and ultimately flopped as the move upward quickly died down and ultimately reversed. ...

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UBI Blockchain Is the Latest in Series of SEC Cryptocurrency Crackdown Targets

In a story that is getting all too familiar recently, the Securities Exchange Commission (SEC) halted trading on yet another blockchain-related company stock, UBI Blockchain. The SEC explained: “The Commission temporarily suspended trading in the securities of UBIA because of (i) questions regarding the accuracy of assertions, since at least September 2017, by UBIA in filings with the Commission regarding ...

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Telegram’s Privacy-Focused User Base Could Be TON Blockchain’s Killer App

In December 2017, an interesting rumor surfaced: According to “sources familiar with the matter,” the messaging app Telegram, very popular among crypto-enthusiasts for its strong encryption and privacy features, would launch its own blockchain platform and cryptocurrency. On January 8, 2018, TechCrunch reported that several unnamed sources had confirmed the news and quoted a secret Telegram white paper. According to ...

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