LONDON (Bywire News) - Just when you thought you got your head around one blockchain, along come a bunch of other ones operating in slightly different ways. Each of them is trying to lay a claim to the future, but history shows most of them will not succeed.
The blockchain is all about generations. The first generation was Bitcoin which finally cracked how to deliver a digital currency. The second was spearheaded by Ethereum which set out to address some of Bitcoin’s flaws such as speed and scalability
Ethereum has earned itself a leading position in the blockchain marketpla...
Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ever greater use in a decentralised future financial system.
The national blockchain-based solution will be delivered using Atala and is the latest expansion from Charles Hoskinson and Cardano, who hope to address issues of social and economic exclusion in developing countries. Could Cardano lead the way in demonstrating that corporations can continue to grow while remaining ‘not evil’ and could this form the blueprint for capitalism 2.0?
ISTANBUL - The Official Gazette said the country's latest expansion of rules governing cryptocurrency transactions would take immediate effect and cover "crypto asset service providers", which would be liable to the existing regulations.
Last month Turkey's central bank banned the use of crypto assets for payments on the grounds such transactions were risky. In the days that followed two Turkey-based cryptocurrency trading platforms were halted under separate investigations.
The probe into one of them, Thodex, led to the jailing on Thursday of six suspects including the siblings of its chief e...
LONDON (Bywire News) - For many people, the blockchain is that shadowy piece of technology that makes Bitcoin work. However, this is just one of many different uses. The blockchain is set to revolutionise a host of sectors including finance, retail and the media.
At heart, the blockchain is simply a new way to transfer data – one which is more secure and transparent than most other approaches. That means it can be used for pretty much anything.
At Bywire, we use it to deliver the news. We are one of the world’s first blockchain-based news platforms, but we’re unlikely to be the last. Others ...
LONDON (Bywire News) - While much of the focus has been on the performance of bitcoin this year, EOS has been quietly making impressive strides of its own. Over the course of 2021, its price has rocketed by almost 250%. Could there be more to come?
EOS made headlines in 2018 when its parent company raised a record $4bn through an ICO to create the EOSIO software. Since then it has been trying to establish itself as one of the main altcoins to watch. However, while it’s always had promise it has really come into its own this year. In the first quarter of the year, its price nearly tripled to a...
LONDON (Bywire News) - An innovative solution that allows users to create instant new online communities has scooped first prize at the Beyond the Blockchain Hackathon.
Dao Bull’s decentralised autonomous organisation platform enables any user to set up their own network within a few minutes.
The app is tailor-made for a post-COVID world in which organisations have had to pivot quickly to work in the digital world. Online communities have mushroomed, creating demand for apps that empower everyone, from developers to entrepreneurs and hobbyists to develop their online presence seamlessly.
Ethiopia is overhauling its education system with the biggest blockchain deployment in the world. This unique project could be a game changer for social mobility and could also have major implications elsewhere.
The partnership, run alongside global blockchain and research company IOHK will provide a digital ID system for teachers and students. It will use a Cardano blockchain based system to digitally verify grades, monitor performance, attendance records and boost higher education inclusion.
Using IOHK’s Atala PRIMS ID, authorities will be able to create immutable education records for mil...
LONDON - London's High Court has paved the way for a case that could force its judges to take a view on who invented bitcoin, the world's biggest cryptocurrency which last week soared to all-time highs.
The court has allowed Craig Wright, an Australian computer scientist who alleges he created bitcoin, to serve a copyright infringement lawsuit against the operator and publisher of the bitcoin.org website, which calls itself Cobra, over Twitter or a generic email address.
Wright can now try and pursue his case -- titled Wright v Person(s) unknown, "Cobra" -- although the defendant might be resi...
LONDON (Bywire News) An analysis of Block.one’s proposed staking model for EOS Public Blockchain suggests that stake-based voting and rewards will empower communities to continue innovating. The study, which was commissioned from consulting firm Prysm, will help Block.one facilitate a wider community led conversation on the future of the EOS Public blockchain’s development.
The proposal serves as a information source for the EOS community as they review the released code.
Operated by a global network of token holders, Block.one has set the EOS Public Blockchain to be one of the highest perfor...
LONDON (Bywire News) - Cardano is the third generation cryptocurrency launched by one of the superstars of the crypto world. Since October last year, its value has rocketed by 1,500% with experts predicting much more to come. Billionaire investors are showing interest and it has surged into the top five cryptocurrencies in the world.
So, what’s all the fuss?
Cardano was launched in 2017 by one of the co-founders of Ethereum, Charles Hodgkinson. However, from the outset, it tried to differentiate its self from those which had gone before. It bills itself as the first third-generation cryptoc...
BOAO, China - China will expand digital yuan experiments to more cities, but there is no specific timetable for its official rollout, central bank vice governor Li Bo told an annual gathering on Sunday of top Chinese and foreign policymakers, executives and academics.
China is one of the frontrunners in the global race to launch central bank digital currencies to modernise financial systems, ward off the threat from cryptocurrencies like bitcoin and speed up domestic and international payments.
Last year it launched testing in several cities including Suzhou,...
Much has been written about cryptocurrencies and blockchain. Many see these as technologies of the future, but they are very much technologies of today. Here is a kind of digital 101 to give you the basic run down on both.
What are cryptocurrencies?
Cryptocurrencies are a digital form of currency. Like regular money, they can be traded and used to buy goods or services, from those outlets which accept them. However, they do not exist physically and are not issued by a central bank.
Daniel Larimer, the creator of EOS, recently commented the following:
In July 2010 I predicted that Bitcoin wo...
LONDON (Bywire News) - Block.one has awarded a grant of $631,000 to EOS Nation and EOS Asia for an EOS public blockchain which will fund and support software development for EOSIO based projects.
The new platform is designed to be community driven and self-funded and will give an opportunity for creators and developers of open-source software. Block.one will provide initial funding for selected developments once the platform launches later this year. They say they expect the EOS community to be at the forefront of embracing the opportunities the platform brings.
“As a lo...
By Gertrude Chavez-Dreyfuss
NEW YORK - Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed.
The previous high for crypto inflows was $3.9 billion in the fourth quarter of last year, driving total inflows for 2020 to $6.7 billion, the asset manager's data shows.
Bitcoin, the world's largest cryptocurrency in terms of market capitalization, has had the most inflows so far this year with $3.3 billion, while ethereum was ...
LONDON (Bywire News) - Much has been made of Russian disinformation over the past few years, but as some fantastic investigation work from the New York Times showed, it is nothing new.
Disinformation was a common tool for the Soviet Union throughout the Cold War. In the 80s ‘Operation Infektion’ run by East German Intelligence officers, spread a conspiracy theory about the origins of AIDS. The virus which was sweeping the world was, according to the theory, the result of biological weapons experiments run by the United States.
The theory capitalised on another idea going around that Reagan’s...
LONDON (Bywire News)- Bitcoin, the world's biggest and best-known cryptocurrency, rose 6.64% to $61,073.71 on Saturday, adding $3,802.67 to its previous close. Many pundits are surprised by Bitcon's stellar growth, and it looks as though $100k may not be as unreachable as those pundits predicted.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Richard Chang)...
LONDON (Bywire News) - 2020 will be remembered for many things; not many of them good. One of its most important contributions could be that this was the moment that the worm turned for social media. With violence engulfing Washington DC in January, we saw the culmination of all the worst evils of social media conspiracy theories. However, we also saw the emergency of a new kind of social media experience in Voice.com.
After a much-hyped beginning in which Block.one sank $150 million to scale up operations, Voice finally became a reality. From the beginning it set out to be the anti-Facebook ...
After the success of last year’s hackathon, Block.one is looking to the future. We talked to B1s Head of Development, Serg Metelin and judge Rudy Koch, Co-founder of Mythical Games, about what we can expect from the upcoming hackathon.
LONDON (Bywire News) - After a consultation period, Block.one has announced it is updating its model. The new approach, dubbed power-up will, they say, alleviate many of the resource challenges users currently face.
The traditional method of managing on-chain resources has been to use transaction fees which rise and fall depending on demand, collected by mining. The EOS public blockchain adopts a different approach in which EOS tokens are locked up to reserve resources. In terms of the EOS public blockchain there are three key resources:
CPU: which is the amount of time it...