Bitcoin ‘Breakthrough’ Claims Block Size Increase Possible Without Hard Fork

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Some dub it a “breakthrough,” others call it a “network attack.” Those were the prevailing opinions leading up to Mark Friedenbach’s much-anticipated talk at Scaling Bitcoin Friday, where the Blockstream co-founder presented for the first time “Forward Blocks,” a proposal that claims to make future, contentious changes to bitcoin – such […]

SEC Asks for Additional Comment on Rejected Bitcoin ETFs

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The U.S. Securities and Exchange Commission (SEC) is asking for further comment on nine different bitcoin exchange-traded fund rule change proposals that are currently under review after initially being rejected. The SEC had previously rejected the proposals — pursued by ProShares, GraniteShares and Direxion along with market providers NYSE Arca […]

VOIP Pioneer Says New Startup Is Paying Users Interest on Millions in Crypto

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Celsius, a cryptocurrency lending startup, says it’s paying thousands of users interest for depositing bitcoin and ether with its wallet app. Revealed exclusively to CoinDesk, Celsius claims to have garnered more than 10,000 users since the soft launch of its mobile app on June 29, with an average deposit of […]

VOIP Pioneer’s New Startup Is Already Paying Interest on Crypto ‘Millions’

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Celsius, a cryptocurrency lending startup, says it’s paying thousands of users interest for depositing bitcoin and ether with its wallet app. Revealed exclusively to CoinDesk, Celsius claims to have garnered more than 10,000 users since the soft launch of its mobile app on June 29, with an average deposit of […]

A Multi-Million Dollar Bet Ethereum’s Proof-of-Stake Isn’t Coming Soon

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What if ethereum never switches its core consensus algorithm? It’s an idea that may sound blasphemous to developers building the world’s second-largest blockchain, where plans have long been laid for a transition away from bitcoin’s proof-of-work model to a more egalitarian alternative. Yet, entrepreneurs appear to betting that between now and […]

‘Nothing Is Decentralized’: Crypto Springs Confronts Tech’s Shortcomings

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When Crypto Springs conference co-organizer Meltem Demirors took the stage on Wednesday, watermelon margarita in hand, her “nothing is decentralized” rallying cry drew thunderous applause. That may seem counterintuitive for a poolside gathering of cryptocurrency industry veterans in Palm Springs, California. But the tone distinguishing this event from the plethora […]

Bitcoin’s Proof-of-Work Can Be Made More Efficient, IBM Research Claims

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Proof-of-work (PoW), the consensus mechanism that secures bitcoin and numerous other cryptocurrency blockchains, has given the technology a reputation for hogging energy. Indeed, a commonly advanced argument is that an army of specialized computers all racing to solve some arbitrary math problem can wind up using as much electricity as a […]