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Adam Back unveils Blockstream’s new Bitcoin mining security token

Blockstream has announced the launch of a new security token backed by the company's mining facilities. Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company's mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN represents 2,000 terahash per second of hashrate from Blockstream's  mining facilities. The Bitcoin mined for BMN will be held in cold storage for three years, and will be distributed to the final token holders…

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One of Hal Finney’s lost contributions to Bitcoin Core to be ‘resurrected’

While Hal Finney may no longer be with us, one of his proposals from 2011 may soon find its way to Bitcoin thanks to an expired patent. In a February 8, 2011 post on Bitcointalk, Finney said that reading a book titled “Guide to Elliptic Curve Cryptography” by Hankerson, Menezes, and Vanstone, gave him an idea of how to speed up signature verification by 25%. In the following post from the same day, Finney announced that he had already written “test code” and uploaded it to the Github repository. However, there was a problem with Finney’s proposal — his method…

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You won’t believe the depths to which crypto scammers on Twitter are willing to sink

Twitter doesn’t seem able to move fast enough to stop thieves from grossly misusing their platform. Last Friday night, crypto YouTuber Ivan on Tech messaged me on Twitter. Shortly into our conversation, he graciously offered me an investment opportunity in “Bitcoin trading/mining”, courtesy of a platform that he alleged was associated with Binance.  A tale of two Ivans; the real one is on the left. Source: Twitter.In reality, however, I was being approached by an Ivan impersonator, peddling a crypto affinity scam. The platform "Ivan" advertised, called Cryptobinance, has no affiliation with the actual Binance exchange, a representative of the…

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You can now send email right from your Ethereum address

Sign your email with a private key, just like in the good old days. Unstoppable Domains has introduced a new feature — Unstoppable email. Now anyone who owns a domain with a .crypto extension can send email signed by the Ethereum (ETH) private key that controls it. This is reminiscent of how the old cypherpunks used to sign their emails with PGP keys. In the 1990s, an early Bitcoin (BTC) adopter Hal Finney helped develop Pretty Good Privacy or PGP, which allowed users to encrypt various digital mediums, including emails. Unstoppable Domains co-founder Bradley Kam told Cointelegraph that the email…

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Would Bitcoin suffer if the lead maintainers were kidnapped by aliens?

As lead maintainer Wladimir van der Laan takes a break from Bitcoin duties, we ask what would happen if the entire Github maintenance team disappeared. It is a question that many in the crypto community must have asked themselves at least once. The news of Wladimir van der Laan taking a temporary hiatus, prompted us to explore what some might consider to be an improbable, yet highly impactful situation. A Bitcoin Core developer that is also a maintainer of the project's GitHub account (i.e., someone who can “merge code into the master branch”) is a rare commodity. To put this in perspective,…

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Semantic debate may account for Wladimir van der Laan’s Bitcoin Core departure

When determining consensus in the blockchain community, right and wrong isn't always "Black" and "White". On September 7, Bitcoin Core developer Wladimir van der Laan tweeted that he may be "done with coins" all together. He later confirmed to Cointelegraph that he was indeed taking a break from his duties as a Core developer and one of the custodians of the project’s Github repository. One of the factors that led him to this decision was a Twitter storm that lasted for days and was caused by the renaming of a variable that specifies a list of characters that cannot appear in…

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Pieter Wuille will continue to work with Blockstream despite his recent move to Chaincode Labs

Wuille will continue contributing to a new Multi-Signature standard for Bitcoin. Bitcoin Core developer Pieter Wuille has migrated from Blockstream to Chaincode Labs. Wuille has been with Blockstream from the beginning, having co-founded the company in 2014. When asked about Wuille's departure, Blocksteam’s CEO Adam Back said: “Pieter’s doing what he always has — working on Bitcoin — and he’s still a Blockstream advisor and continues to collaborate with our research team Andrew Poelstra, Jonas Nick and Tim Ruffing on muSig along with independent researchers and contributors. So I think that means Blockstream contributors on MuSig research roughly going from…

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Revealed: Twitter Habits of the Crypto Elite

The Winklevoss twins not only share physical similarities, but Twitter habits as well. Many crypto heavyweights use Twitter as their primary tool for sharing information (or even misinformation) about their own projects or other interesting subjects. Some of them even consider Twitter engagement their most important performance indicator.We decided to put the Twitter habits of the crypto elite under a microscope to get a better sense of how they actually engage with the popular social media platform.Android, Apple or Web?For our analysis, we picked 13 crypto entrepreneurs (we measured each Winklevoss twin’s habits independently). To make our list, the subjects…

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Here’s why Bitcoin might benefit from the COVID-19 pandemic

After having remained below the $10k-mark for a long time, Bitcoin’s price was able to overcome the resistance, before briefly surging past $12k recently. While Bitcoin did note a minor correction on the charts over the last few days, the coin’s price action remained promising. At the start of the year, most commentators had agreed on the significance of the year for Bitcoin. Given the present macro-economic conditions and rising global uncertainty, Bitcoin may yet again prove to be one of the most robust crypto-assets that can be considered as a hedge, while giving gold stiff competition. Speaking on the…

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Vitalik Buterin Sold His Ether for Fiat, Not Bitcoin

But he didn’t sell anywhere near the top. Ethereum (ETH) creator Vitalik Buterin acknowledged that he both sold and donated away his Ether holdings for fiat when the price was $700. While he did not specify, it seems unlikely that he sold his entire ETH stake — though how much ETH he owns today is currently unknown. Buterin also said that he had not bought any Bitcoin (BTC) since before 2017.Source: Twitter.He mentioned that under his advice, the Ethereum Foundation had also sold its holdings close to the asset’s all-time-high of $1,200. On a previous podcast with Eric Weinstein, he…

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Adam Back: Bitcoin is Enough, Satoshi Should Stay Out

Adam Back has some interesting (if somewhat odd) views on altcoins and the return of Satoshi Nakamoto. In a Cointelegraph interview, Adam Back provided additional clarity on his perceived Bitcoin (BTC) maximalism. Blockstream’s CEO believes that Bitcoin is enough and there is no need for a multitude of derivative projects. Back said, “I think it's like TCP/IP the internet exists. We don't need 5800 TCP/IP copies trying to monetize and profiteer off pumpanomics or such. It detracts from value (I gather there are about 5,800 altcoins as of today)”. He noted that innovators should focus on Bitcoin instead:“It's modular, you…

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Adam Back: Some ICOs Funded Useful Research Despite Being Unethical

Adam Back admitted that some ICOs might have funded useful research, but still contends that they are deeply unethical. Adam Back recently took to Twitter with controversial comments on many of the industry’s largest crypto projects — including Ethereum (ETH), Cardano (ADA), Ripple (XRP), and Stellar (XML). His tweets placed these projects in the same category as a number of bonafide scams, which he considers to have been orchestrated as “premines”.We interviewed Back in order to clarify his position on the matter, starting with questions of how he feels about Satoshi Nakamoto essentially premining over one million Bitcoin. Back responded…

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A Blockstream vezérigazgatója nekiment az altcoinoknak

Adam Back bitcoin szakértő, számítógépes tudós és nem utoló sorban a Blockstream vezérigazgatója nekiment a nagy piaci kapitalizációval rendelkező altcoinoknak a Twitteren. A bitcoinos veterán szerint az ethereum és a ripple olyan, mint a Ponzi-sémák. „Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larmer. Ez mind elég hasonló kategóriának tűnik számomra”, írta Back a közösségi média platformon. A Blockstream feje az elhíresült piramisjáték feltalálók Charles Ponzi és Bernie Madoff mellett olyan kriptovaluta projekteket is felsorolt, melyek mögött piramisjáték lapult. Elég csak a Bitconnect-re, illetve a Onecoin-ra gondolni, ezek voltak ugyanis a kriptotörténelem eddigi legnagyobb átverései. Mindkét csalás…

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Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme

Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum. Computer scientist and Blockstream CEO, Adam Back, has compared Ethereum and other high cap altcoins Ponzi-schemes in a Twitter tirade today:“Bitconnect, Charles Ponzi, Ethereum, Onecoin, Cardano, Ripple, Bernie Madoff, Stellar, Dan Larmer. All looking very similar grade to me.”Charles Ponzi and Bernie Madoff are two of the most famous creators of Ponzi-schemes, while Bitconnect and OneCoin are famous cryptocurrency projects that were revealed to be Ponzis. Back likened such schemes to altcoins Ethereum, Ripple and Stellar, along with ‘Dan Larmer’, which was presumably a reference…

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Adam Back Denies Having a Beer With Satoshi Nakamoto

An early Bitcoin adopter contends that Adam Back had a beer with Satoshi Nakamoto in London, while Back uncategorically denies it. According to Marshall Hayner, an early Bitcoin (BTC) adopter, Adam Back had a beer with Satoshi Nakamoto in London.“Yeah, I met him once”Metal Pay CEO Marshall Hayner told Cointelegraph a story he heard from Back at a party in Los Gatos some years ago. The party was thrown to celebrate the formation of Blockstream and its successful capital raise.Hayner said that he was invited to the party by Austin Hill, who was Blockstream’s CEO at the time. The community…

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