Please share if you find this article interesting. 51% Attacks for Rent : The Trouble with a Liquid Mining Market Anthony Xie is the founder of HodlBot, a tool that helps investors diversify their portfolios and automate their trading strategies. ––––––––– In order to remain decentralized, cryptocurrencies using a proof-of-work system must not allow a single party to control the majority of total hashing power. But as the global pool of hashing power grows more liquid, cryptocurrencies need to pass another important test. They must be able to resist an attack from the total rentable global hashing power for their specific algorithm. Otherwise, arbitrageurs may find it financially attractive to rent hashing power in order to perform 51% attacks. There are a few things preventing t
Please share if you find this article interesting. Canadian Banks Wary of QuadrigaCX Assets’ Origins, Cite Money Laundering Concerns Canadian banks have showed hesitation concerning the management of insolvent cryptocurrency exchange QuadrigaCX’s assets, national public broadcaster CBC reports on Feb. 22. QuadrigaCX has faced financial difficulty following the sudden death of its founder Gerry Cotten, who was the allegedly only one with access to the exchange’s cold wallets. As Cointelegraph reported earlier this week, QuadrigaCX has sent its remaining crypto assets from its hot wallets to Big Four auditing firm Ernst & Young, the court-appointed monitor overseeing the case. During Friday’s court hearing, lawyers for the Bank of Montreal and the auditing firm reportedly said that
Please share if you find this article interesting. Digital Currency Donors and Crypto-Backed Endowments Fuel Higher Learning - Bitcoin News Digital asset holders and organizations have been donating funds to a number of well-known universities. These days a slew of popular colleges like Stanford, MIT, Cornell, Puget Sound, and Princeton all accept digital currency donations or have high-net-worth crypto backers funding these schools. On the flip side of higher education, many of the world’s prestigious universities also offer elective courses that teach blockchain technology. Also Read: University of Michigan Endowment Backs Crypto Venture Capital Fund Universities See an Increasing Trend of Cryptocurrency Donors One growing trend has been the way in which the digital currency
Please share if you find this article interesting. Ohio Companies Now Paying Tax in BTC, says State Treasurer Treasurer in the U.S. state of Ohio Robert Sprague has revealed that at least two companies have paid their taxes using bitcoin since the state launched its cryptocurrency payment platform in December. Sprague did not disclose details pertaining to the amount or companies involved, citing confidentiality. Also read: Liechtenstein Bank Creates Cryptocurrency Trading Platform for Institutional Investors State to Review BTC Tax Payments Speaking at a forum organised by the Ohio State Associated Press on Feb. 19, Republican politician Robert Sprague said: “We’re reviewing how [the program] might be either curtailed or might be expanded, and what our counter-party risk is wi
Please share if you find this article interesting. Parity Developer Quits Ethereum Projects Amid Outrage Sparked by Recent Tweet Afri Schoeden, release manager at blockchain infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. Schoeden spoke to blockchain media BreakerMag on Thursday, Feb. 21. In his tweet, Schoeden reportedly criticized Serenity, also known as “Ethereum 2.0” — a final upgrade for the Ethereum network that brings its mainnet over to a proof-of-stake (PoS) consensus algorithm. The tweet, which has since been deleted, reportedly read: “Polkadot delivers what Serenity ought to be...” Polkadot is Parity’s upcoming protocol aimed at linking different blockchains. Schoedon told Break
Please share if you find this article interesting. Stanford Researchers Develop Privacy Mechanism for Ethereum Smart Contract Researchers from the Stanford University and Visa Research have developed a privacy mechanism for Ethereum (ETH) smart contracts. A paper describing the mechanism was published on Stanford University’s Applied Cryptography Group website on Feb. 20. According to the paper, the researchers created “a fully-decentralized, confidential payment mechanism” called “Zether” that is consistent with both Ethereum and other smart contract platforms. The developers reportedly developed a new smart contract — that can be executed either individually or by other smart contracts — that maintains the account balances encrypted and enables the deposit, transfer and withdr
Please share if you find this article interesting. BTC-e Operator Alexander Vinnik Terminates His Hunger Strike - Bitcoin News The alleged operator of the infamous BTC-e exchange, Alexander Vinnik, has terminated his hunger strike more than 80 days after he started the protest against his detention in Greece. Vinnik’s condition is serious and he needs specialized medical attention to recuperate. Also read: Cryptocurrency Exchange Exmo Opens Branch in Turkey Russia’s Ombudsman Visits Vinnik in Hospital The Russian-born IT specialist took the decision to temporarily stop the hunger strike after meeting with Russia’s ombudsman Tatyana Moskalkova. She visited him on Thursday in a Greek hospital, where he is placed under doctors’ care, and later shared the news with journalists. Mos
Please share if you find this article interesting. Bitcoin, Ethereum, Ripple, EOS, Litecoin, Bitcoin Cash, Stellar, Tron, Binance Coin, Cardano: Price Analysis, Feb. 22 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The fundamentals of the crypto space have been improving over the past year. These developments are not going unnoticed by the institutional players. Though they have not committed huge sums of money, they have started testing the waters. Crypto hedge fund Pantera Capital, which in its two previous crypto funds had managed to raise o...
Please share if you find this article interesting. Two Companies Used Crypto to Pay Taxes in Ohio, Says State Treasurer Two businesses in the United States state of Ohio have paid taxes with cryptocurrencies, state Treasurer Robert Sprague said in a forum on Feb. 19. Ohio became the first state to allow businesses to pay taxes with cryptocurrencies like Bitcoin (BTC) in November 2018. During a forum covering policy issues facing the state, Sprague said that the treasury has only collected two receipts for tax payments using cryptocurrencies. He did not specify the specific amount of tax payments received through cryptocurrency. With that, Sprague emphasized that the Ohio state treasury does not manage cryptocurrency themselves, clarifying that they do not accept any other currenc...
Please share if you find this article interesting. University of California Researchers Propose Blockchain System for Clinical Data Academics from the University of California, San Francisco, have proposed a method of sharing medical data using a blockchain-based system. An article outlining their research published by international research journal Nature on Feb. 22. The researchers reportedly developed a blockchain-powered system that aims to improve the traceability and immutability of collected clinical data, and make it more trustworthy. In addition, the system aims to advance methods for reporting adverse events during research and improve medical record management. During the trial, the developers reportedly launched a web-based portal accessible to all participants with a...