If you frequent the crypto-space you’ve probably heard mention of Proof of Work or Proof of Stake. These consensus algorithms are used to guarantee that blockchain transactions happen in a trustless way, so that tokens are spent only once. Proof of work first came about in the Bitcoin white paper as the first mechanism that allowed consensus among distributed parties with no central authority. Now, we have several solutionsRead more
Speculation surrounds Ethereum as it nears the long awaited system-wide upgrade, Constantinople. The upgrade, expected to activate Wednesday, Jan. 16, is what’s known as a hard fork — all nodes need to be updated at once to continue working together.
In the US, recent actions have been taken that would exempt crypto from falling under the decades-old definition of a security. The “Token Taxonomy Act” was introduced Thursday (December 20, 2018) by Rep. Warren Davidson (R-Ohio) and Rep. Darren Soto (D-Florida). If the bill is passed, US securities law will no longer apply to virtual currency tokens once projects become fully functioning networks. The Token Taxonomy Act looks toRead more
Many are left wondering where the U.S. Securities and Exchange Commission (SEC) will strike next, after last week’s crackdown on two big-name celebrities. But could another monumental ruling give crypto initial coin offerings (ICO) a better chance against the SEC in the courtroom? Right now, there’s a rush of enforcement by the SEC spurred by its recent settlement with famed boxer Floyd Mayweather and music producer DJ Khaled. TheRead more
After years of steering clear of the blockchain hype, Amazon is now embracing the technology by introducing two new products.
Dear Sinoc Fans, Welcome to Sinoc Weekly (11/19/18 – 11/25/18). The Sinoc project aims to build a decentralized autonomous game mainnet based on blockchain technology, and establish a new game development and operation model. In order to communicate better with everyone, we will publish the latest developments of the Sinoc project here.
Panic is sweeping through corners of the crypto world as Bitcoin continues to plunge below $5,000. But that’s not stopping peer-to-peer (P2P) Bitcoin marketplace Paxful from gearing up for its busiest time of year.
The hash war rages on in the crypto community – several hours after Bitcoin Cash broke off into two distinct blockchains.
As the Bitcoin Cash (BCH) hard fork draws near, the crypto community is buzzing. The update is scheduled for Nov. 15, and could lead to a code split of Bitcoin Cash. That means there would be two independent BCH blockchains and two different BCH coins.
Bank of America is adding another crypto-related patent to the pile. On Tuesday the U.S. Patent and Trademark Office awarded BoA the patent allowing them to offer a blockchain-based “hardened storage device” customers could use to store private keys.