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Technology

India Announces Restrictions on Crypto Use, Values Slide

In a budget speech before the Indian parliament, finance minister Arun Jaitley expressed a hostile stance toward the use of cryptocurrency as legal tender. Jaitley stated that the government does not consider crypto legal tender, and would take action to end its use as a method of payment. Jaitley’s comments come as Bitcoin and other…

February 2, 20180Comments

ByTrevor Smith

Bitcoin Featured Technology

MAST to further reduce Bitcoin transaction sizes

Merklized Abstract Syntax Tree (MAST) is a BIP (Bitcoin Improvement Proposal) that will enable Bitcoin to facilitate incredibly complex smart contracts, by extrapolating the power of Merkle trees and adding onto the current P2SH (Pay to Script Hash) capabilities of Bitcoin. This is what a P2SH transaction would look like if visualized. Combining the best of both worlds…

February 1, 20180Comments

ByZoran Spirkovski

Bitcoin News Technology

Mainstream media says “Bitcoin is not a currency”

A few days ago, a national news outlet CNBC released an article claiming that Bitcoin is not a currency, sourcing this opinion from a digital currency entrepreneur, Balaji Srinivasan the CEO of Earn.com, a crypto project that we've discussed here on Crypto-News.net a couple of months ago. Bitcoin has grown up to the point where it…

January 27, 20180Comments

ByZoran Spirkovski

Bitcoin Technology

Schnorr Signatures – Another step after SegWit

Signature aggregation is a very hot topic for most Bitcoin Developers, as they are trying to implement a way to help the network save resources, and improve the overall experience of this global decentralized network. After analyzing the available options, developer Gregory Maxwell concludes that using Schnorr Signatures to batch inputs together can reduce the size…

January 20, 20180Comments

ByZoran Spirkovski

Altcoins Bitcoin Ethereum Technology

Coinbase to create company that supports institutional investors in 2018.

November 13th, 2017 was the date when Brian Armstrong, CEO and co-founder of Coinbase announced that they are creating their offspring company that will act as a digital custodian for large investors in the cryptocurrency industry. The initial announcement was made through a Medium post, but shortly after the CEO appeared on a CNBC Exclusive, where…

January 8, 20180Comments

ByZoran Spirkovski

Bitcoin Featured Technology

Second Layer Developments Promise Major Changes For Bitcoin

The tremendous media attention focused on Bitcoin primarily concerns its soaring value and adoption rate, but perhaps of much greater significance are developments that promise to dramatically alter its capabilities and use. Segregated Witness (SegWit) creates the ability for functions to take place outside of Bitcoin's main chain. These so-called second layer capabilities will enable…

January 6, 20180Comments

ByTrevor Smith

Bitcoin Technology

The IRS and Chainalysis: Pressure on American Bitcoin Investors

Investing in cryptocurrencies has enabled people to experience significant financial gains in a short period of time. Due to the somewhat secretive nature surrounding blockchain currencies, most casual observers would suspect that cryptocurrency assets are easily hidden away from all prying eyes; whether they come from official or unofficial sources. However, the practice of blockchain…

November 26, 20170Comments

ByKem

Technology

HyperLedger – The Linux Foundation’s Blockchain Framework for Business

Blockchain development is a novelty in the tech world, but has been around long enough to see platforms such as Ethereum give birth to a myriad of decentralized applications. These dApps aim to solve some of the world's problems, challenges, or to create new marketplaces. Hyperledger is a blockchain project started by the Linux Foundation in…

November 8, 20170Comments

ByZoran Spirkovski