Posted Date: February 13, 2018
Back on December 12 the well-known developer Jeff Garzik launched a Bitcoin Core (BTC) based fork called United Bitcoin (UBTC) after Segwit2x failed. At block height 498,777 the snapshot took place, and the UBTC network began just like the rest of the forks in existence, but claiming the tokens is far more complicated than one […] The post United Bitcoin May Be the Most Controversial Fork to Date appeared first on Bitcoin News.

Posted Date: February 13, 2018
Viola.AI leverages on blockchain technology to change the dating and relationships landscape in the world. One of the questions the team at Viola.AI gets asked frequently — why does the dating and relationships industry need blockchain? One of the key problems that blockchain help to solve is trust. There’s a huge trust problem in the dating industry — online love scammers are making billions of dollars a year preying on unsuspecting singles. Their usual modus operandi — grab a photo of a random decent looking person online, masquerade as the person, use a fake name, and start chatting with singles who think that this persona actually exists. Once an emotional connection is created, they will start coming up with sad sob stories to ask for money transfers. The post PR: How Viola.AI Uses Blockchain to Tackle the Billion Dollar Love Scams Industry appeared first on Bitcoin News.

Posted Date: February 13, 2018
Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are […] The post Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year appeared first on Bitcoin News.

Posted Date: February 13, 2018
Nas and Snoop Dogg have backed trading application Robinhood, and now legendary rap star Jay-Z has added his imprimatur through a subsidiary, Arrive. Robinhood is already valued at over a billion dollars, closing in on 1.5 billion as of this writing, having recently announced Robinhood Crypto.   Also read: Internet Pioneer Who Influenced Assange & Snowden […] The post Jay-Z Expands Portfolio to Include Crypto appeared first on Bitcoin News.

Posted Date: February 13, 2018
Accusations of FUD, #fakenews and similar terms are sadly all too common in the crypto world. Startups in the field are many times headed by young people, sometimes bringing a needed fresh perspective and attitude, but a few appear to completely lack the maturity needed to run a public business. In the case of IOTA […] The post Faced With Criticism IOTA Fans Try to Bully Growing List of Detractors appeared first on Bitcoin News.

Posted Date: February 13, 2018
Last month a 16-year old girl from India created a digital currency price ticker that tracks the price of cryptocurrencies like bitcoin cash, ethereum, and many others. However, when Harshita Arora introduced the iOS application to members of the bitcoin community who patronize the Reddit forum /r/bitcoin, she was accused of plagiarizing the app. Unfortunately, […] The post This 16-Year Old Crypto-App Developer Fights Back Against Reddit Hate appeared first on Bitcoin News.

Posted Date: February 13, 2018
The Russian government is drafting a bill to introduce the accreditation of initial coin offering issuers. Accredited organizations must comply with a set of rules, including having 100 million rubles capital, and are subject to inspections every three years. The regulators are currently accepting public comments on the proposal. Also read: Japan’s DMM Bitcoin Exchange Opens […] The post Russia Drafts Bill to Accredit ICO Issuers – Public Comments Wanted appeared first on Bitcoin News.

Posted Date: February 13, 2018
The South Korean government is considering introducing an approval system for cryptocurrency exchanges based on the Bitlicense model, developed by the New York State Department of Financial Services. Also read: Japan Cracks Down on Foreign ICO Agency Operating Without License Bitlicense Comes to Korea The South Korean regulators are considering introducing an approval system for cryptocurrency […] The post South Korea Considers Bitlicense-Style System for Cryptocurrency Exchanges appeared first on Bitcoin News.

Posted Date: February 13, 2018
Iceland is the ideal place to mine bitcoin. Thanks to the cold coupled with relatively cheap electricity costs, the region has drawn its share of bitcoin mining operations. This year alone energy expended on crypto mining will exceed that of typical domestic usage, according to reports.   Also read: Internet Pioneer Who Influenced Assange & Snowden […] The post Iceland Bitcoin Mining to Double Energy Consumption This Year appeared first on Bitcoin News.

Posted Date: February 13, 2018
Once upon a time initial coin offerings were open to everyone. That time was last year, and since then gaining entry to ICOs has become increasingly difficult. In response to regulatory attention from the SEC, crypto startups have begun to perform due diligence on aspiring investors. Thanks to onerous KYC requirements, the pendulum has swung […] The post KYC Requirements Are Making ICOs Riskier, Not Safer appeared first on Bitcoin News.