US Congress Has No Plans To Oppose Rule 41 Amedments

US Congress Has No Plans To Oppose Rule 41 Amedments

Most people are well aware of how Rule 41 will be a major problem for anyone looking to obtain privacy on the Internet. The US government has proposed several changes, although there is lots of opposition as well. While Congress has no plans to intervene, the Tor project is taking a clear stance against what this change may bring to the table. Time To Oppose Rule 41 Before It Is Too Late The proposed changes to Rule 41 would wreak havoc upon the concept of online privacy. Or to be more precise, it would effectively reduce privacy to zero. If this change is approved, the DOJ can hack any computer through a single warrant, regardless of the jurisdiction. A lot of Tor users will – undoubtedly – be targeted by such hacking attempts. While many people...

Goldman Sachs To Cut Jobs In Asia While Bitcoin Thrives

Goldman Sachs To Cut Jobs In Asia While Bitcoin Thrives

Our society is going through some very difficult economic times right now. Banks and financial institutions are axing jobs left and right. Goldman Sachs will cut nearly 30% of their Asian investment jobs over the next few years. Slow growth, and the emergence of alternative finance are two driving factors for this decision. Interestingly enough, the majority of jobs will be cut in regions where Bitcoin is thriving. Goldman Sachs Struggles In Asia The going is getting very tough for Goldman Sachs and similar financial service providers. The Asian investment banking sector is slowing down to a crawl, forcing job cuts left, right, and center. Particularly mergers and acquisitions, as well as equity and debt capital markets, are two sectors where a lot of people will...

Winter is Coming: Bitcoin Mining for Heat (And Profit)

Winter is Coming: Bitcoin Mining for Heat (And Profit)

For a hobbyist bitcoin miner, the industry is a different place than it was a few years ago. It used to be that you could use your CPU or GPU to mine bitcoin. But then the price of bitcoin started rising and people began to realize how much money could be earned, and – with the resulting rise in mining difficulty – only those that could afford costly ASICs were in a position to actually make any profit. Soon enough, only the largest operations could compete. Research shows that, for new miners, the price of a bitcoin needs to be at least $600 to break even if electricity costs are less than $0.10 per kWh. Another change has been geographic. It used to be that miners were distributed all across the globe, but many of the largest operations have centralized in...

The Fintech Race Sees the U.S. Playing Catch up to the U.K.

The Fintech Race Sees the U.S. Playing Catch up to the U.K.

Advertised sites are not endorsed by us. They may be unsafe, untrustworthy, or illegal in your jurisdiction. As the U.K.’s Financial Conduct Authority accepts 24 applicants to take part in its FinTech sandbox, a House bill in the U.S. has been introduced aiming to prevent financial businesses from moving to the U.K. At the British Bankers’ Association conference, Christopher Woolard, director of strategy and competition at the FCA, gave a two-year progress report on the watchdog’s Project Innovate, which provides advice to businesses on what regulations they need to follow, reports Finextra. Naturally, as London is considered a prominent location, the FCA is keen to provide the ideal setting for FinTech startups as it aids companies through the...

Synereo 2.0 Tech Stack to Compete with Ethereum Protocol?

Synereo 2.0 Tech Stack to Compete with Ethereum Protocol?

The potential use of blockchain technology is virtually unlimited. Synereo, a blockchain company based out of Tel Aviv, Israel has recently announced a great progress in the development of a distributed storage protocol. The company is responsible for creating the first scalable, Turing complete blockchain infrastructure called Rchain. Within weeks of introducing Rchain, Synereo has announced the release of two new components. These two components, Special-K and Rholang are part of the Synereo 2.0 tech stack that enables development of decentralized computation systems over Rchain infrastructure. According to Synereo’s latest blog post, Special-K is a storage and content delivery layer over Rchain that can be used for hosting various forms of data....

Jaxx Blockchain Wallet Now Supports LiteCoin and Ethereum Classic

Jaxx Blockchain Wallet Now Supports LiteCoin and Ethereum Classic

Jaxx is back at it again, doing what it does the best. The blockchain wallet service provider has announced the inclusion of yet another cryptocurrency to its list of supported crypto-assets. The latest addition comes in the form of LiteCoin. The blockchain wallet application will start supporting LiteCoin on all the 9 platform, starting early October states the company’s press release. The new development comes within a fortnight of the previous announcement regarding the inclusion of Ethereum Classic support. With the new addition, the total number of cryptocurrencies supported by the blockchain wallet stands at 6 (Bitcoin, Ethereum, DAO, Dash, Ethereum Classic and LiteCoin). However, the application on iOS powered devices doesn’t include Dash...

Solar Energy Producers To Get Blockchain-Based Currency Wallets in Space

SolarCoin Foundation (SCF) seeks to make its global Cryptocurrency program that rewards owners of solar power systems the first Blockchain currency wallet in space. It will purchase orbital storage capacity on SpaceBelt storage to provide its customers with an inviolable record of their transactions. Blockchain is already being used to track solar power production across the globe. The satellite network, designed to provide secure storage and transport of sensitive data, is a way to securely store SolarCoin, says Nick Gogerty, SCF founder. Cold storage 40 years plan In a statement to CoinTelegraph, SCF says: “The cold storage is going to be part of the cold storage model used by the SolarCoin foundation. The plan is to have a Logical gap and the...