Moving Towards web3.0 Using Blockchain as Core Tech

The invention of Bitcoin and blockchain technology sets the foundations for the next generations of web applications. The applications which will run on peer to peer network model with existing networking and routing protocols. The applications where centralized Servers would be obsolete and data will be controlled by the entity whom it belongs, i.e., the…

Flaws in Bitcoin make a lasting revival unlikely

“BE MORE BRENDA,” said the ads for CoinCorner, a cryptocurrency exchange. They appeared on London’s Underground last summer, featuring a cheery pensioner who had, apparently, bought Bitcoins in just ten minutes. It was bad advice. Six months earlier a single Bitcoin cost just under $20,000. By the time the ads appeared, its value had fallen…

Moonday Morning: Bitcoin dev ordered to prove Craig Wright isn’t Satoshi

It’s Monday which means it’s Moonday Morning and time to catch up with the top news from over the weekend. Let’s get to it. 1. Canadian financial regulators are learning from the QuadrigaCX debacle and are taking action to begin regulating cryptocurrency exchanges to mitigate the risks associated with virtual currency exchanges. In a joint…

‘Drug-dealing’ football coach sues Bitcoin fund manager over $14M loss

In Australia, a suite of high-profile cryptocurrency investors (which could include accused drug trafficker and former football coach Mark “Bomber” Thompson) are preparing to take their Bitcoin BTC fund manager to court over $14.2 million (AU$20 million) in losses. Stefanos Papanastasiou (39), founder of what claims to be Australia‘s first online bed retailer, is under fire…

This app exposes which cryptocurrency a user is most likely to shill on Twitter

It’s a challenge to navigate the cryptocurrency space. The entire community pretty much resides within the confines of the Twitter hellscape, where differences in investment portfolios often lead to in-fighting and disinformation. This is why one ingenious software developer created a new browser extension to help the general public figure out exactly what’s going on.…

I took a virtual walk in the blockchain so you don’t have to

The blockchain is a strange place. Everything including orange juice, milk, almonds, and even fridges have been “put on the blockchain.” But you could never put yourself on the blockchain and go for a walk, until now. Thanks to Cryptovoxels, you can now take a walk on the Ethereum blockchain. According to its website, Cryptovoxels…

Moonday Mornings: Twitch drops Bitcoin, most BTC trading could be fake, and more

It’s Monday, which means there’s a weekend’s worth of cryptocurrency and blockchain news to catch up on. Here are the headlines. 1. Despite giving up on its proprietary cryptocurrency, Citibank isn’t ready to leave the world of blockchain for good. A recent job posting from the bank suggests it’s doubling down on blockchain and distributed…

Study finds 95% of all Bitcoin trading volume is fake, designed to lure in ICOs

A report from Bitwise — an investment firm lobbying for FEC approval for a cryptocurrency based exchange-traded fund — found that 95% of the trading volume in Bitcoin was fake, ginned up through techniques like “wash trading” where a person buys and sells an asset at the same time. The report analyzed 81 exchanges and…

Moonday Mornings: Bithumb hacked for $19M, SEC delays Bitcoin ETF decision again, and more

It’s another week which means it’s time for another wrap up of the weekend’s blockchain and cryptocurrency news. Let’s get to it. 1. South Korean cryptocurrency exchange Bithumb has been hacked for the third time in two years, reports ZDNet. Hackers are thought to have made off with around $19 million worth of cryptocurrency in…