BitCoin Update


Ripple’s CTO invented a distributed computer system 20 years before blockchain – ask him about it

Ripple’s CTO invented a distributed computer system 20 years before blockchain – ask him about it

The mysterious Satoshi Nakamoto is often credited with inventing blockchain – the tech behind the recent cryptocurrency and decentralization boom. But long before Nakamoto published his seminal paper that shaped Bitcoin as we know it, Ripple chief technology officer David Schwartz had already come up a similar concept.
Ripple ‘definitely’ wants to target China with its blockchain-based payments tech, exec says

Ripple ‘definitely’ wants to target China with its blockchain-based payments tech, exec says

Ripple wants to target the Chinese market with its distributed ledger technology designed to speed up cross-border payments, an executive at the firm told CNBC.
Square Expands Cash App Bitcoin Service to All 50 US States

Square Expands Cash App Bitcoin Service to All 50 US States

Mobile payments firm Square now lets customers buy and sell bitcoins via its Cash App in all 50 U.S. states. The company – which was co-founded by Twitter chief executive Jack Dorsey – announced the service expansion through a Tweet on Monday, months after the firm initially rolled out the bitcoin service to investors in the country.
Facebook's blockchain boss David Marcus is leaving cryptocurrency startup Coinbase's board

Facebook's blockchain boss David Marcus is leaving cryptocurrency startup Coinbase's board

In a sign that Facebook's secretive blockchain effort is progressing, David Marcus, the head of that project, announced he's leaving the board of $8 billion cryptocurrency startup Coinbase.
New Fondu app lets users create Ethereum smart contracts more easily

New Fondu app lets users create Ethereum smart contracts more easily

This new piece of software lets users build a new Ethereum smart contract entirely from scratch, and launch the ICO crowdsale for their project. It is still at proof-of-concept stage, but the relatively simple code should allow more people to get involved with ICOs. 
Korea’s Supreme Court Orders Seizure of $1.4 Million in Bitcoin in Criminal Case

Korea’s Supreme Court Orders Seizure of $1.4 Million in Bitcoin in Criminal Case

South Korean authorities are cleared to confiscate 191 bitcoins, about $1.43 million, from the operator of a child pornography website in addition to a prison sentence and a penalty. In a ruling on Wednesday, South Korea’s Supreme Court said that cryptocurrency can be deemed a forfeitable asset in a criminal prosecution, Yonhap News reports.
Bitcoin's latest climb brings post-Tax Day rally to more than 8%

Bitcoin's latest climb brings post-Tax Day rally to more than 8%

Bitcoin jumped Friday morning, bringing its post-Tax Day gains to more than 8 percent.The cryptocurrency spiked about $300 to a high of $8,554.97, according to CoinDesk's bitcoin price index. Bitcoin was trading more than 2.7 percent higher near $8,500 as of 4:10 p.m. ET.
Cryptocurrency wallet Blockchain hires top Goldman Sachs exec to help it boost institutional clients

Cryptocurrency wallet Blockchain hires top Goldman Sachs exec to help it boost institutional clients

Blockchain, a cryptocurrency wallet service, has hired a former Goldman Sachs executive to help boost its presence with institutional clients. Breanne Madigan joined the firm this month, Blockchain announced Tuesday. She will take up the role as head of institutional sales and strategy.
China’s Bitmain Gets Approval for US Bitcoin Mining Operation

China’s Bitmain Gets Approval for US Bitcoin Mining Operation

Bitmain, Chinese cryptocurrency mining company, has been given a green light to set up a blockchain facility in Western Walla Walla County, a county in the U.S. state of Washington. Local newspaper Union-Bulletin wrote that the decision was in complete agreement of the three commissioners involved in the situation.
Cryptocurrency eos leaps past litecoin into fifth place by market cap

Cryptocurrency eos leaps past litecoin into fifth place by market cap

A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization.


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