eCash Founder David Chaum Makes Bold Promises with Elixxir Blockchain

Over 30 years after creating eCash, a predecessor of bitcoin and other cryptocurrencies which spawned the Cypherpunk movement of the 1980s, Dr. David Chaum is back in the public eye with a claim of having invented “the world’s fastest cryptocurrency.” Chaum is widely regarded as the forefather of cryptocurrencies and the wider world of cryptographic security and online privacy because of his pioneering security research work in the ’80s. His academic paper, “Blind Signatures for Untraceable Payments,” laid the groundwork for modern cryptography used in securing blockchains and cryptocurrencies. The…

Petro Coin | Beginning Global Trade in Venezuela Come October

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin. The Petro Coin Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said: “The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the world.” However, the Venezuelan president didn’t specify the areas where the Petro will be used. Maduro also didn’t name any countries willing to accept the Petro Coin. This oil-backed cryptocurrency was…

Presenting a United Front of Cryptocurrency Companies to Work With Congress

It’s a sign of the times and the growing maturity of the crypto industry that a new industry trade association launched in Washington, D.C., on September 11, 2018, to lobby the U.S. government on a range of issues from taxation to regulations; to educate members of congress about the growing success of blockchain; and to encourage lawmakers to allow innovation to flourish and benefit the economy. Kristin Smith, director of external affairs for the new Blockchain Association (BA), told Bitcoin Magazine in an interview that the time has come to…

Let’s Talk Bitcoin: Authority in a Decentralized System

On the most recent episode of Let’s Talk Bitcoin!, the hosts discuss the now-defunct Bitcoin Alert system, devised by Satoshi himself. A rarity in the podcast space, this episode’s exploration involved no guest appearances, instead relying on the wealth of experience that Adam B. Levine, Stephanie Murphy, Jonathan Mohan and Andreas Antonopoulos had already picked up from their time with Bitcoin. Although seldom used and quickly discontinued, Bitcoin Alert was originally devised as an emergency means of sending communications to all members of the Bitcoin network, by propagating and authenticating…

Brazil’s Largest Independent Broker Is Launching a Crypto Exchange

The parent company of Brazil’s largest independent broker is setting up a cryptocurrency exchange, Bloomberg reported Thursday. Grupo XP, which owns brokerage firm XP Investimentos, plans to launch the platform in the “coming months,” the news source said, adding it will support trading in bitcoin and ethereum. However, despite the notable move, the firm seems a little reluctant to dip their toe in the crypto waters. Speaking at an event in Sao Paulo, the firm’s executive officer, Guilherme Benchimol, said: “I must confess, this is a theme I’d rather didn’t…

The Good, the Bad and the Ugly Details of One of Bitcoin’s Nastiest …

For well over a year, versions of Bitcoin Core — Bitcoin’s leading software implementation — contained a severe software bug. The bug was fixed with Bitcoin Core 0.16.3 (and 0.17.0rc4), released this week, and the status of the Bitcoin network now appears to be safe, with no harm done. The Bitcoin Core project has released a full disclosure report, revealing that the bug was even worse than previously thought. These are the good, the bad and the ugly details about one of Bitcoin Core’s nastiest bugs to date. (But not…

IBM Files Blockchain Patent to Tackle Privacy and Security Concerns for Drones

IBM has applied to patent a system that would use blockchain tech to tackle privacy and security concerns for drones, according to a filing published by the U.S. Patent and Trademark Office (USPTO) September 20. The computing giant first filed the patent in March 2017, detailing how blockchain could be used to securely store data associated with unmanned aerial vehicles (UAVs) — more commonly known as drones. The patent notes that a blockchain system can provide “effective techniques for managing data related to a UAV […] particularly when a security…

‘Bitcoin Is No Different Than Money Systems Today, Except That It May Be Better’

This interview has been edited and condensed. Known in mainstream media as a young “Bitcoin millionaire,” within the crypto and blockchain industry, Jeremy Gardner is a known more for what he does than how much he makes. As a serial blockchain entrepreneur, educator and investor, Gardner has founded the global educational nonprofit the Blockchain Education Network and co-founded the blockchain-based prediction platform Augur. Most recently, he launched his own impact investing fund called Ausum Ventures. Breaking down mass adoption Olivia Capozzalo: Can you walk me through what mass adoption is…

Petro to Be Used for International Exchange Starting in October, Maduro Claims

Venezuela’s oil-backed cryptocurrency, the Petro, will be used for international commercial transactions starting in October 2018, according to a September 21 statement made by Nicolas Maduro. The Venezuelan president appeared on the national VTV channel to deliver his speech on the latest economic issues. As cited by the VTV website, he then announced the upcoming use of Petro on an international level, stating: “Petro comes into play as a currency for exchange, purchase and convertible currencies for the world.” However, the Venezuelan leader did not specify the areas where the…

Ripple Passes Ethereum to Claim Number Two Ranking on CoinMarketCap

Altcoin Ripple (XRP), which has seen an explosive amount of growth over the past week, has overtaken Ethereum (ETH) to be ranked number two by total market capitalization on CoinMarketCap. As of press time, Ripple has a listed market cap of around $26 billion, while Ethereum — now in third on CoinMarketCap — has around $23 billion in market cap. Bitcoin (BTC) is still ranked number one, with a market cap of around $115 billion. Ripple has seen unprecedented 140 percent growth on the week, up almost 80 percent on…