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Blockchain News 2017

Coindesk Previews New 'state Of Blockchain' At Consensus 2017

Coindesk Previews New 'state Of Blockchain' At Consensus 2017

CoinDesk Previews New 'State of Blockchain' at Consensus 2017 May 22, 2017 at 13:30 UTC|UpdatedJun 8, 2017 at 14:05 UTC This article features the slides shownduring Consensus 2017 'sopening remarks on the 'State of Blockchain'. CoinDesk Research authors a quarterly industry overview report that summarizes key trends, data and events in the public and enterprise blockchain sectors. The full ' Q1 2017 State of Blockchain ' report, which expandson much of the material presented below, will be published shortly after Consensus. 'State of Blockchain' - Consensus 2017 from CoinDesk It's been an eventful 2017 so far inthe blockchain space. Public protocols have gained over $40bn in market cap, enterprise consortia have formed and flourished, and the pushtowards interoperability can be seen across the ecosystem. Regulation has shifted the composition of global trading volume,the usage of the industry's own investment structure continues to gain steam, and the amount and quality of traditional financial and technology giants getting involved in blockchain has never been higher. CoinDesk Research also recently tapped into the community to gain more intimate insights into the perception and sentiment around bitcoin and ethereum and garnered north of 1,100 responses. Below, we highlight some of the largest takeaways from the presentation: Bitcoin averaged 287,000 transactions per day at fees averaging$0.62 each, leading 67% of the surveyed community to say they feel 'bad' about the current state of transaction fees and confirmation times More people now view bitcoin as a 'digital gold' than a 'digital currency' and 86% of the community believes ethereum can be used just as well as a medium exchange or payment method 47% believe we will see a contentious hard fork of bitcoin, and r Continue reading >>

5 Infographics That Explain One Year Of Blockchain News

5 Infographics That Explain One Year Of Blockchain News

Explore the latest strategic trends, research and analysis If you work in finance or own any bitcoin , you likely already know about blockchain technology. But for those in neither category, heres a quick overview of a years worth of news about blockchains, databases that essentially make records more verifiable and permanent . For this analysis, we used Quid , software that searches and analyses massive amounts of data and then offers insight by organizing that content visually. Its been a big year for news about blockchain, heralded as a technology that will disrupt several industries beyond banking in 2017. Last spring, the biggest headline in the blockchain world was that an Australian entrepreneur, Craig Wright, finally came out of the shadows and declared he was the creator of the cryptocurrency bitcoin (though plenty were skeptical). Then a massive security breach at the decentralized autonomous organization was such a blow to blockchain that journalists wrote about the event all year. Last fall Ripple, which develops a payment protocol and exchange network, announced it had raised $50 million and partnered with major banks. In the timeline below, we identified several other events that generated significant news volume. A Quid timeline maps 3,409 stories about blockchain, coloured by cluster, from global news sources between 20 April 2016-20 April 2017. In the graph above, Quid sampled the data to show which stories generated the most volume in relation to each other. Sorting all that data into a network, major themes emerge. The theme that generated the most stories was contracts and regulation. These stories, which account for 10% of the network, include wide-ranging debates about blockchain, suggesting it fosters trust in certain contract-heavy areas of fina Continue reading >>

Blockchain Fork Will Create New Digital Currency Called Bitcoin Cash

Blockchain Fork Will Create New Digital Currency Called Bitcoin Cash

Bitcoin upgrade could create split in digital currency Bitcoin faces a pivotal moment as investors are about to receive an entirely new asset called Bitcoin Cash after the blockchain supporting the cryptocurrency is forced to split in two. "The creation of Bitcoin Cash is certainly a pivotal moment for Bitcoin and its community," Charles Hayter, founder of digital currency comparison website CryptoCompare, told CNBC on Monday. "The inception of Bitcoin Cash may prove to be exactly what Bitcoin needs." On August 1, a "user activated hard fork" will take place. Members of the bitcoin community unhappy with the direction of the digital asset have set up an alternative "node" called Bitcoin ABC. Nodes are required to send messages across the bitcoin network, but Bitcoin ABC will use a different set of rules, causing the blockchain (the digital ledger which records every bitcoin transaction) to fork and create two separate digital assets: the original bitcoin and Bitcoin Cash. And because Bitcoin Cash will have all the history from the old blockchain, any investors with bitcoin tokens will receive the same number of tokens on the new blockchain. However, Bitcoin Cash will likely only be worth a fraction of bitcoin. The original digital currency is trading around $2778.39 today, but future values for Bitcoin Cash on the website Coin Market Cap are just $288.35, or 0.103 of a bitcoin. The bitcoin community has been divided on how to solve its scaling issue. Currently, only 1 megabyte of transactions can be processed at any one time, leading to delays. "Demand for Bitcoin has been so high in recent months, that those creating the cryptocurrency can't keep up, slowing transactions," Iqbal Gandham, U.K. Managing Director at eToro, said in a press statement on Monday. "For bitcoi Continue reading >>

Blockchain Is The Latest Pixie Dust For Stocks

Blockchain Is The Latest Pixie Dust For Stocks

Bloomberg the Company & Its Products Bloomberg Anywhere Remote LoginBloomberg Anywhere Login Bloomberg Terminal Demo Request Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Blockchain Is the Latest Pixie Dust for Stocks Former biotech equipment maker got in to crypto in October Bitcoin has soared more than 700 percent so far this year Bitcoin Ends Year at $10,000, Says Mike Novogratz A market truism for our time is that whenever a company touches anything related to blockchain -- or claims to -- its stock shoots up, sometimes even before it enters the industry . The latest example? Riot Blockchain Inc., formerly known as Bioptix Inc. The former maker of diagnostic machinery for the biotech industry (a penny stock with three reverse splits in five years) now invests in cryptocurrency-related businesses, leading its stock to more than double just since Nov. 16, when it bought a minority stake in audit and accounting firm Verady LLC. That merely added to gains since renaming itself and buying a stake in blockchain-based payments provider Tess Inc. in October. Meanwhile, cyprocurrency king bitcoin has remained uncharacteristically steady at around $8,100 for the past week. The reaction reflects huge investor interest for exposure to this years cryptocurrency rally, as bitcoin soars by more than 700 percent and a flurry of new digital tokens spring up, with the market ballooning to $260 billion in market capitalization from just $17 billi Continue reading >>

2017: The Year Blockchain Got Weird

2017: The Year Blockchain Got Weird

Dec 24, 2017 at 13:30 UTC|UpdatedDec 26, 2017 at 15:17 UTC SarahFriend ( @isthisanart_ ) is a software engineer working at a blockchain development studio.When not doing that, she creates games and interactive experiences that explore privacy and transparency and the political and environmental implications of technology. This article is an exclusive contribution to CoinDesk's 2017 in Review opinion series. 2017 was a lot of things - a year of unprecedented environmental catastrophe, an ongoing political trash fire, the year that made more crypto-millionaires than any year previous... Another way to remember the past year is calling it "the year weird blockchain broke." But what is weird blockchain you might ask? The etymology comes the " weird Facebook " phenomenon, a collection of meme-pages, wholesome and less-wholesome trolls and pseudonymous profiles made all the more wonderful by their unlikely home, the social network your family and your boss use. And maybe in that definition, I point to why weird blockchain is worth talking about now, at the end of 2017 - because finally, weird blockchain feels weird. The blockchain community has always been prolific with in-jokes and memes. Early crypto adopters share a vernacular of signs, symbols and idiosyncrasies - from yelling "MOON" in trollboxes, to HODLing, to the entire existence of dogecoin at all in any capacity. But this year, blockchain hit banks, it hit business, it hit $10,000, and in its success it welcomed the masses like never before. In the early days of crypto, anyone staying up all night to trade (or spending months of their life writing software no one thought would be useful) crossed the bridge of self-selection into the land of the outsider. This is no longer the case. Now, in no particular order - my Continue reading >>

Our Favorite Blockchain Pitches Of 2017

Our Favorite Blockchain Pitches Of 2017

The technology upon which bitcoin operates is suddenly the hot new thing. Acolytes believe it will change how we conduct business, elections, and even finding a mate (more on that later). Suddenly, theres a blockchain startup for just about everything. As much as we wish we could, we cant write about them all. But when thinking back on the year, our email inboxes were so often filled with blockchain pitches that the topic itself deserved attention. In trying to capture this craziness, we have put together some of our favorite blockchain pitches of 2017 in an attempt to provide you with an idea of just how much of a gold rush were witnessing. Some of these pitches are pretty good; others are decidedly not good. As you'll see below, we awarded each of them with a superlative, included the subject line, and abridged versions of the email. What they provide is a snapshot of just how many startups are trying to use blockchains distributed ledger technology to become the next big thing. Its a gold rush unseen since the early days of the internet. Subject line: Cats are coming to the blockchain Sent you a DM in Twitter. Long story short, were making the blockchain accessible to the rest of the world. Ive never seen so many moms, daughters, sons, cousins over this Thanksgiving weekend want to play CryptoKitties. Its going to make the blockchain accessible to everyone. Since youve noted in your bio 50% weird, I think this will be your quota before the end of the year. Cats were indeed coming to the blockchain. A game called CryptoKitties, built on Ethereum's blockchain, exploded this year, with players spending thousands of dollars worth of ether (Ethereum's currency) on digital cats. Most maybe actually useful for my life pitch but also problematic blockchain pitch Subject lin Continue reading >>

The Truth About Blockchain

The Truth About Blockchain

Contracts, transactions, and records of them provide critical structure in our economic system, but they havent kept up with the worlds digital transformation. Theyre like rush-hour gridlock trapping a Formula 1 race car. Blockchain promises to solve this problem. The technology behind bitcoin, blockchain is an open, distributed ledger that records transactions safely, permanently, and very efficiently. For instance, while the transfer of a share of stock can now take up to a week, with blockchain it could happen in seconds. Blockchain could slash the cost of transactions and eliminate intermediaries like lawyers and bankers, and that could transform the economy. But, like the adoption of more internet technologies, blockchains adoption will require broad coordination and will take years. In this article the authors describe the path that blockchain is likely to follow and explain how firms should think about investments in it. Weve all heard that blockchain will revolutionize business, but its going to take a lot longer than many people claim. Like TCP/IP (on which the internet was built), blockchain is a foundational technology that will require broad coordination. The level of complexitytechnological, regulatory, and socialwill be unprecedented. The adoption of TCP/IP suggests blockchain will follow a fairly predictable path. While the journey will take years, its not too early for businesses to start planning. Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems. They protect assets and set organizational boundaries. They establish and verify identities and chronicle events. They govern interactions among nations, organizations, communities, and individuals. They guide managerial and social Continue reading >>

Mastercard Begins Blockchain Payments, Without Bitcoin | Fortune

Mastercard Begins Blockchain Payments, Without Bitcoin | Fortune

For the first time, Mastercard is offering the ability to send money over a blockchain rather than by swiping a credit card. After developing its own version of the bitcoin technology over the past couple of years, Mastercard (ma) announced Friday that it is now opening up its blockchain to certain banks and merchants as an alternativeand potentially more efficientmethod of paying for goods and services. In a sign that mainstream adoption of the technology underpinning cryptocurrency is increasing, Mastercard is the second Fortune 500 company this week to begin facilitating blockchain payments. On Monday, IBM (ibm) revealed that it had also begun processing payments over its own proprietary blockchain between banks in the South Pacific. Like IBM, Mastercard is also targeting cross-border payments between businesses as the primary purpose for its blockchain, which can only be used by invitation. The Mastercard blockchain, however, differs from the tech giants in an important way: While the IBM blockchain only transmits money in the form of Lumens, a virtual currency created by the non-profit Stellar , Mastercards blockchain operates independently of a cryptocurrency, and instead accepts payments in traditional local money. We are not using a cryptocurrency, and we are not introducing a new cryptocurrency, because that introduces other challengesregulatory, legal challenges, says Justin Pinkham, a senior vice president at Mastercard Labs, who leads the credit card companys blockchain initiatives. If you do a payment, then what we can do is move those funds in the way that we do today in fiat currency. That also stands in contrast to the normal ways blockchains have typically been used until nowwhere they act as a ledger of transactions in the specific cryptocurrency to w Continue reading >>

Our Top 5 Bitcoin Good News Stories Of 2017

Our Top 5 Bitcoin Good News Stories Of 2017

Our Top 5 Bitcoin Good News Stories of 2017 2017 has been a banner year for bitcoin and blockchain technology. When the history of Bitcoin and blockchains is written, 2017 will be the year tagged as the turning point when Bitcoin and red hot blockchain technology went mainstream. The steadily rising bitcoin price and market cap is a key, though not the only, indicator that a tipping point has been reached. Despite turmoil like ICOs being banned in China and South Korea, cryptocurrencies in general coming under scrutiny in other countries, and internal divisions and infighting in the Bitcoin community, the price of bitcoin continued its steady trend upward, accelerating in the last few months of 2017 despite naysayers. The following were some of Bitcoin Magazine's most popular "good news" stories from 2017 only a small sample of the many breakthroughs that illuminated this remarkable year. 2017 saw good news from Bitcoiners who went out of their way to share their cryptocurrency wealth through projects like the Pineapple Fund , set up by the pseudonymous Pine, to donate 5,057 BTC to charitable causes like Watsi, the Water Project, EFF, SENS Research Foundation and BitGive. In October 2017, nonprofit BitGive itself launched its beta version of GiveTrack , a blockchain-based platform that allows donors to donate bitcoin to charitable causes and track those donations in real-time. At the end of 2017, hearts also reached out to Andreas Antonopoulos, who had not been able to hold on to his early bitcoins as he worked for years to advocate on behalf of the Bitcoin community. Bitcoiners sent donations of more than 100 BTC, worth about $1.7 million at the time, to show their appreciation for his years of devotion to the Bitcoin cause. 4. DragonMint Helps Make Mining More Decent Continue reading >>

Industries And Blockchain 2017

Industries And Blockchain 2017

From economical efficiency, enhanced security, faster transaction speed and raising capital via ICO in 2017, Blockchain technologies began to pave the way to the future. The first Blockchain system- Bitcoin -saw astronomical returns of over 1,300 percent in 2017. As we progressed through 2017, Blockchain technologies became hard to ignore and more of the corporate world took an interest in Blockchain technologies. In 2017, the NYSEfiled for two Bitcoin ETFs with the SEC, the CBOE became the first institutional investor to launch a Bitcoin futures market and CME group followed suit a week later doing the same. But it is not only large exchanges interested in getting some skin in the Blockchain game, a multitude of industries have been interested in incorporating Blockchain technologies to make their businesses more economically efficient. The increasing interest around Blockchain technologies in 2017 led the CTFC to release a Primer on Virtual Currencies which acknowledged that Blockchain technologies can be used by governments, financial institutions and cross-industries to optimize everyday operations via a Blockchain system. Blockchain technologies can be used as a store of value, in trading and payment transactions, and to transfer and move money either domestically or international at a faster speed and a lower cost than the traditional financial institution or intermediary is able to--just to name a few use cases. Blockchain technologies have been revered for their cost-cutting, security enhancing, speed enhancing capabilities. A Blockchain system is a distributed ledger secured by a cryptographic proof of work/stake. Viz, powerful computers crack algorithms that encrypt the transaction data into each block. When a computer is able to crack the algorithm, a block Continue reading >>

China Filed The Most Blockchain Patents In 2017

China Filed The Most Blockchain Patents In 2017

China Filed The Most Blockchain Patents In 2017 China is the global leader in filing for patents on Blockchain technology, filing more than double the US. The most patent filings for Blockchain technology to the World Intellectual Property Organization (WIPO) in 2017 came from China , Financial Times reports March 25. Data collected by Thomson Reuters from the international patent organization show that over half of the 406 patents in 2017 were from China: the country filed 225 Blockchain patents, followed by the US (91), and Australia (13). Patent applications for Blockchain technology tripled last year. According to Alex Batteson, an editor at Thomson Reuters Practical Law, Companies are moving fast in order to protect their ideas in new areas of technological development long before the technology actually goes to market. Chinese companies made up six of the top nine filers for Blockchain patents from 2012 to 2017, led by Beijing Technology Development. While not all patents lead to workable products, the data is significant in that it indicates activity in a certain sphere of industry and could create barriers to entry. Batteson added that patents are an important tool for companies to attract investment. Patents on certain technology signals to investors that a business owns and can capitalize on the intellectual property and will not face interference from other parties claiming ownership. The Chinese government has taken an official interest in developing Blockchain technology in the country. As reported earlier by Cointelegraph, the government-backed Investment Association of China confirmed the formation of a Blockchain Development Center. On March 23 the Chinese Ministry of Industry and Information Technology published a list of objectives to encourage the de Continue reading >>

Adi Ben-ari - Outstanding Challenges In Blockchain Technology In 2017 - Blockchain News

Adi Ben-ari - Outstanding Challenges In Blockchain Technology In 2017 - Blockchain News

Its been a great year with real progress in Blockchain technology. Below is a subset of key questions and approaches that remain unsolved: The first generation of blockchain applications, mainly Bitcoin derivatives do not store real (non-cryptocurrency) data in the blockchain itself. Instead, they a store hashe (digital fingerprint). These hashes represent digital assets on-chain. In this way the blockchain can be used to track ownership of digital assets, or to act as an immutable log of activity. The advantage of this approach is that it is simple and privacy preserving, as the data itself is off-chain and not exposed to the nodes in the network. The disadvantage is that application business logic and data permissions cannot be enforced on-chain (except for cryptocurrency/tokens). Another disadvantage is that data does need to be stored somewhere, and that somewhere remains a point of vulnerability. If someone made a change they were not permitted to make, we would only really know there was a problem or inconsistency in the data if we compared the hash on-chain to the one we keep (or regenerate) off-chain. Examples of this approach: Bitcoin, Factom ( ), Multichain ( ). The second approach uses so-called smart contracts to store data, and the evolving state of that data in the blockchain itself. I like to think of this as Data Underwriting. One disadvantage of this approach is that more storage is required by each node, as it stores the data and historical (state) changes. Each node will also need to execute smart contract processing. A second disadvantage is data privacy. If each node holds all of the data, and can see all of the data, then weve lost data privacy. Both of these disadvantage are mitigated if data is only shared with a subset of nodes. The advantage o Continue reading >>

Coindesk - Leader In Blockchain News.

Coindesk - Leader In Blockchain News.

David Marcus, vice president of messaging products at Facebook and ex-PayPal president, has joined the board of directors at Coinbase. The SECs analysis of DAO tokens being securities will have what sort of impact on token sales going forward? (select all that apply) Token sales will fall in quantity but rise in quality More token sales will start requiring accreditation More token sales will start excluding potential U.S. investors Investors will be more cautious and diligent on the token sales they invest in Exchanges will not list tokens as quickly and nonchalantly Venture capital funding will rise relative to token sale funding None of the above, token sales will continue similarly to how they have been I would like to receive the following emails: CoinDesk Weekly - Insights for the week ahead CoinDesk Daily - Our snapshot of the day's news Subscribe to our free newsletter and follow us Continue reading >>

News - Bitcoin News

News - Bitcoin News

Coinsource Adds 18 Bitcoin ATMs in Atlanta, Among Ten Most Unbanked US Cities The Texas-based bitcoin ATM network, Coinsource has deployed 20 new machines in the state of Georgia, marking its single largest installation to date. 18 bitcoin ATMs have been installed in the city of Atlanta, and 2 machines in the nearby college town of Athens.Also Read: NYU Plans to Launch an Undergraduate Course in CryptocurrenciesThe company's CEO Sheffield Clark said, This is a major opportunity... Japan Increases Lead Approves Another Four New Cryptocurrency Exchanges The Japanese Financial Services Agency has approved four more cryptocurrency exchanges to legally operate in Japan. This is the second round of approvals by the agency; the first was for 11 exchanges in September.Also read:No Regulation Needed Moscow Stock Exchange Plans to Trade Bitcoin FuturesMore Crypto Exchanges Approved by FSAThe Japanese Financial Services Agency (FSA) has posted on its website the details of... Bitcoins Price Rocket is Bringing Out New Prophets of Doom: Nobel Economist, Vanguard Founder, Fed Governor Curiously, bitcoin's success has brought out new prophets of doom (few below 60 years of age though), and the digital asset's price only fuels their predictions: Nobel Prize-winning economist wants it outlawed, a legendary investment guru says it's a plague, and a Federal Reserve Governor worries financial stability itself might be at risk.Also read:Egypt Finance Attorney General Calls for International Governance of BitcoinNobel Economist... Bitcoin Cash Network Status: Transactions On the Rise The Bitcoin Cash network is trucking along as the blockchain is currently finishing up its fourth month of existence. As more adoption and infrastructure support has been added to the BCH network over the past Continue reading >>

Bitcoin Is The Second Most-searched Global News Term Of 2017

Bitcoin Is The Second Most-searched Global News Term Of 2017

Bitcoin Is The Second Most-Searched Global News Term Of 2017 {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. {{article.article.magazine.subscription_text}} Google released its most-searched list for 2017 today, and I can't be the only person happy to not see Kim Kardashian's name on the list. And, given the number of newly minted Bitcoin billionaires around the planet, I'm probably not the only person unsurprised to see that Bitcoin was a big deal in 2017. Bigger, in fact, than the threat of nuclear war. Fake Bitcoin (Photo by Dan Kitwood/Getty Images) The five biggest global news stories of 2017, according to Google searches, are: Thismight not be a surprise to people like Tim Draper, who recently told me that five years from now, people who use fiat currency will be a laughingstock .But while most Americans are aware of Bitcoin -- almost 80% as of October -- the whole space, including ICOs and Ethereum, is still a bit of a mystery. Apparently it helps the news coverage when your currency appreciates 1900% in a single calendar year. While some people are prognosticating continued huge gains to $50,000 or even $500,000 per coin, the smart money is on national cryptocurrencies , like Venezuela's recently-announced oil-backed cryptocurrency. "All currencies will be digitized," Bitt founder and director Gabriel Abed told me recently at TechBeach retreat in Jamaica. "Cash has seen its days." While no Kardashians made the top list, the top meme of 2017 was equally regrettable: "Cash me outside." John Koetsier is a journalist, a Continue reading >>

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