ViaBTC Publicly Calls Out Bitcoin Core For Not Upping The Block Size

ViaBTC Publicly Calls Out Bitcoin Core For Not Upping The Block Size

Ever since ViaBTC launched their Transaction Accelerator, the company has been on an aggressive marketing oath. Although it initially launched free of charge, users had to pay a small fee to use the TA. But it looks like ViaBTC wants to make another statement, declaring how Bitcoin Core devs “refuse to up the block size limit.” If that were the case, Segregated Witness would not be here. Everyone knows ViaBTC as a mining pool publicly supporting Bitcoin Unlimited. This alternative branch of Bitcoin development looks to address the block size problem in a different manner. So far, there is only one mining pool supporting BUG, with no indication of that situation changing soon. Then again, one pool is better than none. But ViaBTC is not just a mining pool, as its...

Chain Reveals 'Ivy' Smart Contract Language in First Public Demo

The ‘Wild West’ of smart contracts is about to get a little wilder. Following the first-ever public demo of enterprise blockchain company Chain’s in-house smart contracts language this week, the venture-backed startup is now preparing to release the technology to the public. However, in an exclusive demo of the technology with CoinDesk, the person in charge of creating the language gave a sneak peak at the company’s latest creation, explaining, too, what he envisions as its ideal application. Product architect Dan Robinson told CoinDesk: “Ivy is particularly useful and well-suited for smart contract use cases that involve controlling property in a particular way. It’s a concept we call secured property or smart property.” Ivy...

Bitcoin Price Watch; Here’s What’s On Tonight

Bitcoin Price Watch; Here’s What’s On Tonight

Another day done, and another opportunity to pick up some profit from the bitcoin price and its associated volatility out of the way. There wasn’t any particularly volatile action during the session, and things remained within our predetermined range, which meant it was tough to get in to any trades mid session. Intrarange was off the table based initially, but we brought it in to play half way thorough the morning session, targeting a reversal towards support on a resistance correction. Didn’t happen that way, and we’re now flat to the market, poised to get in on any breakouts that happen during this evening’s session. So, with this in mind, and as we move forward into the US afternoon and beyond, let’s take a look at what we’re going...

What the Blockchain Industry is Saying About Circle's Bitcoin Shift

What the Blockchain Industry is Saying About Circle's Bitcoin Shift

You could say there was a certain feeling that went beyond the news. On the surface, Circle’s decision to stop offering bitcoin buying and selling services might have precedent. The company had long talked about its drive toward social payments, and its belief in the bitcoin protocol as a foundational layer for finance, not a currency for consumers. It may not even be that impactful. Circle will continue trading (buying and selling) bitcoin on behalf of its customers to move money, and it will continue using the protocol as the base for a new hybrid blockchian platform called Spark. Yet, it seemed, in the hours after the news, there was little consensus about Circle’s decision and what it meant – it was either a complete surprise or an expected pivot,...

Bitcoin Exchange Bitstamp to Exit Washington State Due to Regulatory Constraints

Bitcoin Exchange Bitstamp to Exit Washington State Due to Regulatory Constraints

Luxembourg-based bitcoin exchange Bitstamp has announced that after recent regulatory constraints imposed by the State of Washington, it will cease to serve customers from The Evergreen State, effective 20 December. One Reddit user posted the letter, concerned it may be a phishing attempt, which stated: We kindly ask you to withdraw your funds by 20th December 2016 by means of bitcoin or international wire. Your account will be closed after the deadline has expired. As one of the leading bitcoin exchanges that operates out of Luxembourg, the U.K., and the U.S., it hasn’t provided any clear reason regarding the regulations in question that forced its decision. The letter adds: We sincerely apologize for the inconvenience. We are actively working to restart...

Will Bitcoin Reach $2,000 During Trump’s Presidency?

Will Bitcoin Reach $2,000 During Trump’s Presidency?

Whether you agree with Donald Trump’s politics or not, you have to admit he’s done wonders for bitcoin. Following the election results, trading skyrocketed on platforms ranging from ZebPay to Digital Currency Group. Saurabh Agrawal, co-founder of ZebPay explained, “There has been a spike in volumes of bitcoin trading by about 20 percent, and even we are seeing a surge in trading in recent weeks.” But this was mere child’s play according to what’s purportedly around the corner. According to a new report from Saxo Bank, Trump is set to introduce economic stimulus policies which could inherently lead to inflation and take a nasty turn. Should this occur, one bitcoin could reach as high as $2,000 by 2017. One of the first things that happens when inflation strikes is...

War Against Encryption: German Intelligence Agency Targets WhatsApp, Telegram

The interception of private correspondence is always a touchy subject. On one hand there are questions of privacy and on the other hand state security. There are many people who are willing to trade privacy for security in an era which is dominated by terrorism, strife and other random senseless violence. However, whatever may be the cost, privacy is important and the ability to carry out your business and private life without the fear of eavesdropping by third parties is still a right that most people yearn for. In an effort to protect their customer’s privacy, many companies are increasingly turning to encryption. Telegram and WhatsApp both offer encryption to their combined 135 mln customers. While Telegram has used encryption longer than its rival,...