Mar. 20, 2018
I’m saying this to emphasize the point that for some of us, that has always been the vision. One of the first burning questions I had when I was first introduced to Bitcoin was how the whole thing was supposed to scale. Concepts I’ve learned of since then—like SPV and pruning—helped, but I wasn’t completely satisfied.
Ever since I heard about channels and thought about how they could be used in a network, that would become one of the first things I would reference whenever discussions of scalability came up.
Mar. 16, 2018
On Wednesday, the New York State Public Service Commission (PSC) ruled that municipal power companies could charge higher electricity ratesto cryptocurrency miners who try to benefit from the state’s abundance of cheap hydroelectric power.
Source: arstechnica.com
Mar. 16, 2018
The software, called Lightning Network, can now be used for Bitcoin payments after more than a year in which thousands of developers tested it. Lightning Labs, one of the firms developing the technology, released this initial version, which is compatible with networks being developed by other groups, such as Blockstream and Acinq.
Source: fortune.com
Mar. 14, 2018
In today’s day and age, when you ask a security expert about some basic tips to stay safe on the web, one of the most important things he will probably tell you is to download software only from legitimate sources. Sometimes even such a basic and obvious advice might not save you from malware encounters. We found three trojanized applications hosted on download.cnet.com, which is one of the most popular software hosting sites in the world as its Alexa rank (163th) shows.
Mar. 9, 2018
Hands on the wheel, eyes squinting against the winter sun, Lauren Miehe eases his Land Rover down the main drag and tells me how he used to spot promising sites to build a bitcoin mine, back in 2013, when he was a freshly arrived techie from Seattle and had just discovered this sleepy rural community.
Source: politico.com
Mar. 8, 2018
So in recent months, the SEC has stepped up its enforcement activities, shutting down the most obviously fraudulent ICOs and warning the public that stricter regulations were likely to follow later. Now the feds appear to be getting ready to rein in cryptocurrency exchanges, an important part of the ICO ecosystem that has, until now, operated largely outside of the law.
Mar. 7, 2018
Now, Plattsburgh could become the first municipality in the US to put a moratorium on Bitcoin mining. According to a proposed law tabled by the mayor on March 1, the city is seeking to put an 18-month moratorium on any new Bitcoin mining operations while new regulations around zoning and electricity use are drafted. A public meeting to discuss the proposal is planned for March 15.
Mar. 5, 2018
There is a third category of double-spends that is not documented: double-spending through full node consensus failure. The risk for this grows every day.
Source: medium.com
Mar. 3, 2018
In Iceland, bitcoin mining will soon use more energy than its residents. Eleven people have been arrested in Iceland as a result of what local media are calling the “Big Bitcoin Heist”—600 mining computers were recently stolen from Icelandic data centers in four separate burglaries between December 2017 and January 2018.
Source: arstechnica.com
Mar. 3, 2018
The Bank of England has warned that bitcoin faces a regulatory crackdown, warning that “inherently risky” cryptocurrencies are failing to fulfil their most basic function as money.
Source: theguardian.com
Mar. 1, 2018
In this new lawsuit, Wright is accused of effectively swindling Dave Kleiman’s estate—his brother Ira Kleiman is the one who has filed the case—out of a massive cache of bitcoins that today are worth more than $5 billion.
Source: arstechnica.com