Blockchain News Today

The Chinese supposed Bitcoin (BTC) billionaire Zhao Dong hopes that the crypto spring will only arrive in 2020. Also, his opinion, segmented in a public chat in local messenger WeChat, was cited by Chinese crypto outlet 8BTC on Feb. 12, Tuesday. Zhao Dong, who possesses a considerable stake in Hong Kong-associated crypto exchange Bitfinex, has lately contributed in a conversation conducted in the chat called “The Public Chain Alliance Crossing the Bulls and Bears Elite Team.” And when inquired about the future of BTC, Zhao Dong remembered the peak of the coin’s reputation in December 2017. As compared to that time, no one upkeep about BTC today, he stated, supplementing that the coin will derive attention again only when its rate approaches “many tens of thousands of dollars” once yet again. Consequently, in the entrepreneur’s opinion, a bear market is the perfect time to purchase BTC. In addition to it, Zhao Dong also mentione...

The Adult entertainment crypto-based project SpankChain was anonymously hacked and suffered a loss of 165.38 ETH, around $38000 reported by the firm on its Medium page on October 9. The hack which originally took place on Saturday at 6.00 pm PST was spotted by Spank Chain a day after, and was disclosed today in a blog post dubbed “We Got Spanked: What We Know So Far”. Incognito hackers managed to breach the system and flee with 165.38 ETH from the firm’s payment channel smart contract. In addition to this, the hack caused the arrest of $4000 which is worth of project’s internal token known as BOOTY. Though most of the funds belong to the firm itself, SpankChain claimed that client refunds are of foremost importance. The firm will soon reimburse $9300 worth of Ethereum and ICO tokens directly to users account through Airdrop. The SpankChain developers were in the midst of inspecting smart contract bugs at the time of the attack. Consequently, the firm was ...

Cameron Winklevoss specified that the Bitcoin is most probably the champion in the long run during an Ask Me Anything (AMA) session held on Reddit. Cameron Winklevoss specified that the Bitcoin is most probably the champion in the long run during an Ask Me Anything (AMA) session held on Reddit today, January 7.  Replying a query about whether or not Bitcoin will be able to keep its top-notch position among the other cryptocurrencies, Cameron voiced his positive outlook on the Bitcoin, stating that “Bitcoin is surely the OG cryptocurrency. It’s really difficult to beat the network effects — so with respect to ‘hard money’ BTC is most probably the winner in the long run.” The Winklevoss twins also stated in today’s AMA session that they “are devoted as ever to building an ETF (exchange-traded fund) a truth!” At some another point during the conversation, Cameron’s twin brother Tyler said: “We consider BTC is superior at being gold than gold. If we’re correct, then, in th...

As per the local news outlet Joongnag every day, a blockchain corporation based in Korea believes that it has discovered what it takes to modernize blockchain technology and produce even faster pace to the manner that transactions are being performed. A blockchain company, SymVerse that was initiated in advance this year, held an occasion and hosted a protest on November 28, 2018. The CEO of SymVerse, Choi Soo-hyuk, calls the enterprise’s platform “the correct community to function decentralized programs. Our community is an all-in-one platform characterized with the aid of a multi-blockchain shape, which enables better speeds and features.” As per the report, the corporation’s blockchain platform can assist transactions at a miles faster pace, as its execution doesn’t require smart contacts. The snail speed at which blockchain methods transactions have been seen as one of the major barriers to its wide-size adoption. But, SymVerse, with its quick and powerful version ...

Bitcoin (BTC) use for commercial payments has reduced meaningfully this year, as per a study by Chainalysis stated by Reuters Nov. 20. To prepare the study, C analysis allegedly surveyed 17 Bitcoin payment processors. The amount of BTC handled by major payment processors supposedly dipped by almost 80 percent from the commencing of the year to September. The analysis of individual payment processors’ figures allegedly portrays a downward trend. At Canadian firm Coin payments, the value of transactions has plummeted by more than half between January and October 2018, Reuters reports, mentioning data from blockchain analysis site OXT. Lex Sokolin, global director of fintech strategy at research firm Autonomous Next, stated that “Bitcoin payments processing is seeing a slow but consistent decline.” Comprehensive data on the leading digital currency used for payments is apparently not consistent since trades with other currencies are commonly comprised together with its ...