Gavin Brennen: 100GHz Quantum Computers Aren’t a Threat to Blockchain
In May 2018, Australian physicist Gavin Brennen shared his team’s research into how quantum computing would affect blockchain. Jeffrey Tucker reported: “He began with his frustration over the headlines that swept the tech world last October and November. They were as alarmist as they were misleading.” Scaremongering around how quantum computers will disrupt the security of […]
ASIC: Resistance Is Futile! Crypto’s Battle a Losing War?
At Consensus 2018, many blockchain software developers viewed Bitmain’s recent launch of their newest Application Specific Integrated Circuit (ASIC) miners as proof of the impending future for all cryptocurrencies. ASIC hardware will soon hit the markets for previously deemed ASIC-resistant cryptocurrencies such as Ethereum, Monero, and Zcash. David Vorick, a founder of ASIC manufacturer Obelisk stated: “I think any GPU-mined coin […]
Police Tried Stealing $15,000 From a Venezuelan Bitcoin Miner
Venezuela’s economic crisis has meant citizens have resorted to new ways of acquiring money. Authorities forced entry into a businessman’s office, threatening to seize his office equipment in an effort to extort him for any money he might have. Venezuela’s economic crisis Venezuela owes oil companies, airlines, China, Russia and other creditors in the region of USD 141 […]
BMO and CIBC Banks Held up for $1 Million Ripple Ransom
The Bank of Montreal (BMO) and CIBC’s online bank Simplii Financial, were targeted in a large-scale hack, leading to a data breach affecting the personal information of 90,000 account holders. The hackers were able to acquire private data such as names, account numbers, and passwords. A demand was made for a ransom of USD 1 million […]
New ASIC with 7nm Architecture Boasts 20+ billion transistors
The Japanese company GMO Internet Group announced on Wednesday the launch of their bitcoin application specific integrated circuit (ASIC) miner built on a 7nm architecture. They are aiming for the new compact chip design to launch on the 6th of June and for mass production of the B2 miner to lead to the shipping of the […]
Filippo Cingolani’s Mansion to Trade for $42 Million on Blockchain
The architect Giacomo Della Porta is known for his extravagant architecture throughout the UNESCO heritage site in the early 1600s. The Palazzetto inside the Palazzo Albertoni Spinola is valued at around USD 42 million. Hilton & Hyland real estate brokerage and blockchain startup Propy will be hosting the auction. Propy CEO Natalia Karayaneva confirmed that bids for the mansion can […]
IBM Recruits in Preparation for $176 Billion Blockchain Future
IBM’s pursuit of 1,800 blockchain jobs in France is a signal of intent to expand research and development in several areas, primarily focusing on blockchain technology, AI (Artificial Intelligence) and IoT (Internet of Things), as detailed in an interview with chief executive Virginia Rometty on Wednesday. IBM is one of the largest and most established research organizations […]
Coinbase Looks to Acquire Banking Licenses
Coinbase is currently looking into the processes involved in acquiring banking licenses. The Wall Street Journal reports that an undisclosed source revealed that the exchange engaged in conversations with members of the US Office of the Comptroller of the Currency in earlier this year: “Coinbase Inc and another cryptocurrency firm talked to US regulators about the possibility of obtaining banking licenses, […]
Bing Ads to Block Cryptocurrency Adverts
Microsoft’s search engine Bing, will be changing its financial product and services policy to block cryptocurrency related ads in an attempt to protect users. The changes will come into effect in late June to early July. Melissa Alsoszatai-Petheo the advertiser policy manager of Bing stated: “Because cryptocurrency and related products are not regulated, we have found them to […]
Intel and Filament Push for a Blockchain IoT Future
Enterprise blockchain developer Filament, which receives significant Intel investment, has released an Internet of Things(IoT)-optimized, USB Blocklet chip. Filament chief executive Clift-Jennings explained, “Many products, not all, have the ability to connect to USB. These are for manufacturing lines – we have a version of a USB product that plugs into the onboard diagnostics port in […]
