Readying the Blockchain Industry for the Next Wave of Adoption

Who knows what’s responsible for the current bull run? It could be the upcoming halving, it could be the Chicago Mercantile Exchange’s debut of institutional-grade crypto-backed options, or it could even be the coronavirus. Whatever the reasons, it seems safe to say that the crypto winter is well and truly behind us. If this trend continues, it will only be a matter of time before we begin to see a fresh wave of adopters, eager to capitalize on the growth of crypto as it blooms into a new season. It’s…

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Why FOSS Development Is Crucial for Bitcoin’s Mainstream Acceptance – Bitcoin Magazine

Crypto likes to see itself as disruptive, just as Apple disrupted mobile phones (and the camera), Tesla disrupted automotive (and also sustainable energy), Twitter/Facebook/WhatsApp disrupted media and communications (and also digital community building). At OKCoin, we embrace this industry because we also believe that bitcoin and subsequent cryptocurrencies represent a paradigm shift in both our financial system and social fabric. While it’s unclear what this shift will look like, or if it will ever be static, there will always be a need for a technical and financial infrastructure that allows…

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Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S model (86TH/s). Also read: Bitcoin Rich: 6 Crypto Entrepreneurs Make the 2020 Hurun Billionaire List Bitmain Launches the S19 Series Processing Up to 110 Trillion Hashes per Second Bitmain, one of the top mining rig manufacturers…

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Coinbase Wallet Now Allows to Send Crypto Through Usernames

Coinbase updated its wallet with a function that lets its users send cryptocurrency through usernames, instead of the usual lengthy addresses. According to a Feb. 25 announcement, Coinbase Wallet now allows its users to send cryptocurrency to dedicated usernames or ones created on the Ethereum Name Service (ENS). Coinbase’s proprietary usernames look like @username while ENS names resemble URLs like coinbase.eth. Source: Coinbase blog No more sending to a wrong address In its announcement, Coinabse claims that its users often complain about “how cumbersome it is to deal with long…

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Welcome to Bitcoin 2020! – Bitcoin Magazine

Bitcoin Magazine is the proud host of the Bitcoin 2020 conference being held in San Francisco on March 27th and 28th, 2020. Welcome to Bitcoin 2020, a one-of-a-kind festival celebrating the dawn of a new technological paradigm and the counterculture behind it. Bitcoin is about more than just money; it is a movement rooted in the controversial idea of freedom. Its first adopters were champions of liberty, privacy, sound money and cryptography, and it’s these very principles that have united a diverse and global community of cypherpunks, entrepreneurs, YouTube streamers,…

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Steemit Managing Director on Acquisition by Tron — Exclusive

In an interview with Cointelegraph at Tron’s San Francisco office on Feb. 25, Steemit Managing Director Elizabeth Powell expressed enthusiasm regarding the new strategic partnership between Tron and Steemit. On Feb. 14, the Tron Foundation announced it had acquired Steemit, a decentralized social media platform with over 10,000 daily active users. Following the announcement, a great deal of uncertainty arose from the Steemit community. A recent Reddit thread shows Steemit users discussing concern over the future of the STEEM token and the reversible soft fork that Steemit initiated on Feb.…

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Lebanon Fights for Separation of Money and State as Residents Use Bitcoin to Evade Capital Controls

Mass unrest in Lebanon due to allegations of political corruption and heavy handed capital controls has carried over into the new year, with reports pointing to a notable uptick in bitcoin trading from the embattled nation. As residents seek to preserve as much value as they can while government falters, some traders are calling for a separation of money and state, thinking it is high time to put financial power back into the hands of the people. Also read: Bank Closures and Withdrawal Restrictions Anger Lebanese Citizens Mass Unrest Over…

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Ethereum Community Comes out Against Controversial ProgPoW

Opposition continues to grow against implementation of the controversial Programmatic Proof-of-Work (ProgPoW) proposal in the Ethereum community. ProgPoW is an ASIC-resistant PoW algorithm meant to replace ETHhash, the current hashing algorithm for the platform. First mooted two years ago, it suddenly reemerged as a concrete plan set for the middle of this year following a call of core developers on February 21. Leading stakeholders filed a petition on Github on Feb. 26 to register their disapproval with the decision. Authored by ETHBoston Organizer Justin Leroux, the petition claims the change…

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