Month: August 2020

Russian telecommunication giant Rostelekom, together with the Russian Ministry of Digital Development and Communications, tested a blockchain-based voting system developed in collaboration with Waves Enterprise. As local news outlets reported, the preliminary test involved 30,000 people who were trying out the platform’s functionality and technical capabilities. According to Rostelekom spokespeople, the system worked as intended
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The American libertarian, economist and financial commentator Peter Schiff has been criticizing bitcoin for years, as he believes “bitcoin has no real value.” However, on Thursday Schiff asked the crypto community to give some bitcoin to his 18-year old son Spencer for his birthday and explained that his son “won’t lose his” wallet. The Bitcoin
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Taras Kulyk, Senior Vice President of Blockchain Business Development at Core Scientific, says that the countries competing to become leaders in the Blockchain space vary greatly in what they can offer to crypto miners. During an interview with Cointelegraph, Kulyk stated that global diversification of hashrate has been increasing as countries around the world vie
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A “critical bug” has left 13% of Ethereum nodes useless, highlighting what is a growing chink in the network’s armor: client centralization. First hinted at in May and June on GitHub, minority clients Parity-Ethereum and OpenEthereum versions 2.7 and later contain an unknown critical bug that stops nodes from syncing with the network’s latest block.
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Japanese financial giant SBI Holdings is preparing to launch contract-for-difference (CFD) trading for major cryptocurrencies like Bitcoin (BTC). Starting Aug. 31, SBI Holdings will start CFD trading service for crypto assets like Bitcoin, Ether (ETH), and XRP, Cointelegraph Japan reports on Aug. 28. As officially announced, the new service will be offered through SBI’s foreign
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A recent filing from the United States Securities and Exchange Commission, or SEC, takes action against three individuals for allegedly raising millions of dollars against more than 1,000 victims.  “From 2017 to May 2019, Jali, Frimpong, and Johnson, directly and through two entities created to perpetrate the scheme, Smart Partners and 1st Million (the ‘Companies’),
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YouTube has long struggled with disinformation, misleading content and outright scams on its site. Despite lawsuits and Google’s own ad policies, cryptocurrency scam ads are still making it through the gates and circulating for days.  In April the CEO of Ripple, Brad Garlinghouse, filed a lawsuit against YouTube, alleging the company’s inaction against fraudulent content
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Charles Hoskinson’s IOHK recently published two Ethereum Classic Improvement Proposals, or ECIPs, meant to help the struggling chain recover after a slew of recent 51% attacks. The first introduced a checkpoint system to prevent the possibility of such attacks, and the second proposed a decentralized treasury — a seemingly divisive idea within the ETC community. Following the recent attacks, a heated
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Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well
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