Coinbase Card Launches in Six European Countries

n Cryptocurrency trading Coinbase has expanded its crypto to nationsn
: cryptscout
Coinbase Card Launches in Six European Countries

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Coinbase Card Launches in Six European Countries

n Cryptocurrency has expanded to six nationsn
: cryptscout
Coinbase Card Launches in Six European Countries

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Coinbase Expands Cryptocurrency Visa Debit Cards Across Europe

Coinbase has expanded its Visa card service to six European countries, allowing customers in the to spend digital assets.
: cryptscout
Coinbase Expands Cryptocurrency Visa Debit Cards Across Europe

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CCN Shuts Down After Major Google Search Update

The -year-old site suffered a change in Google’s rankings. Today it shut down.
Source: cryptscout
CCN Shuts Down After Major Google Search Update

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After Six Months of Bliss, Litecoin (LTC) Might be Preparing to Sink to $60

Litecoin (LTC) slide 4.9
talk dominates, expected to increase

Like Bitcoin (BTC), Litecoin is peaking, dropping 11.4 percent from ’s close. That’s despite the impending block reward reduction, to activate in early
Source: bitrss
After Six Months of Bliss, Litecoin (LTC) Might be Preparing to Sink to

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Biggest Heists in Bitcoin History and How They Were Pulled Off

Bitcoin’s history is rife with hacks and heists, resulting in -figure bitcoin losses and businesses bankrupt, unable to customers back. A new video by Bitcoin.com explores the bitcoin heists in history and explai
Source: bitrss
Biggest Heists in Bitcoin History and How They Were Pulled Off

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Binance Coin (BNB) Slides 6.1%, Margin Trading Could Kickstart Demand

Binance Coin () falls 6.1 percent
If the rumor is true, Binance is close to activating Trading

six of stellar performance, Binance coin (BNB) is correcting. Even , if Binance enables margin trading, the demand for BNB incre
: bitrss
Binance Coin (BNB) Slides 6.1%, Margin Trading Could Kickstart Demand

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Exante Incorporates Six Altcoins Into Its Bitcoin And XAI Funds; BNB, DCR, MKR, RVN, ZRX And QTUM – Bitcoin Exchange Guide

Exante Incorporates Altcoins Its And XAI Funds; BNB, DCR, MKR, RVN, ZRX And QTUM   GuideExante Supports More Cryptocurrencies – Adds Them To Its Bitcoin And XAI Funds Exante, a financial and multi-regulated brokerage firm
Source: worldnewsoffice
Exante Incorporates Six Altcoins Into Its Bitcoin And XAI Funds; BNB, DCR, MKR, RVN, ZRX And QTUM – Bitcoin Exchange Guide

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BitTorrent to Launch Own Cryptocurrency on the Tron Network

The popular peer-to-peer file sharing platform BitTorrent has announced that it will be creating its own cryptocurrency using the Tron . Amongst other use cases, the token will be used by users to pay for higher file download speeds on the firm’s Windows-based uTorrent client.

In potentially -related news, the company’s former CEO, Rogelio Choy, has decided to part ways with BitTorrent. The departure comes just six month after Tron founder Justin Sun acquired the firm, prompting speculation that Choy disagreed with BitTorrent’s new focus on blockchain technology.

Justin Sun Bringing Cryptocurrency and Tech to File Sharing

Justin Sun commented on the decision to launch a specific digital token for uTorrent users in a blog post:

“BitTorrent token is the first in a series of steps to support a decentralized internet… In one giant leap, the BitTorrent client can introduce blockchain to hundreds of millions of users the world and empower a new generation of content creators with the to distribute their content directly to others on the web.â€�

The post goes on to detail that the token will be first available to non- investors via Binance’s designated token sale platform, the Binance Launchpad. It will simply be called the BitTorrent Token and will trade under the ticker BTT.

The official whitepaper for the BTT token states that a total of 990 billion BTT will be created. It will follow the TRC-10 specification (much like the more common ERC-20 tokens created using the Ethereum network).

The timing of the longstanding company executive’s decision to leave BitTorrent certainly supports the theory that he found the firm’s decision to focus on cryptocurrency contentious. According to a report in Variety, the publication claims to have spoken to an insider at the company who stated that there was disagreement with the direction BitTorrent was taking. There has no official word from Choy about this, however.

Choy’s departure was later confirmed by a BitTorrent spokesperson earlier today. Without giving too much , they simply stated that he had “decided to pursue other opportunities.”

Choy had served as BitTorrent’s chief operating officer between the years of 2012 and 2015. He later rejoined the company in 2017, becoming its chief executive officer. This position was held under Sun acquired the company in the summer of 2018. Following this, Choy served as the general manager of the Tron platform’s storage business.

The decision by BitTorrent to launch BTT comes just after the company announced the formation of Project Atlas. The idea behind it is to incentivise users of the platform to continue to share files after they have finished downloading them. Under the Project Atlas model, users will be rewarded using the newly created BTT tokens for keeping files available for others to download.

Following the news that BitTorrent will use the Tron network for the BTT token, the price of TRX increased by just over 2.3% in a that has mostly seen similar sized price declines in the other digital assets by market capitalisation. By comparison, the likes of Bitcoin, Ethereum, and the recently forked Bitcoin Cash all dropped by 1.31, 2.26, and 2.32 percent respectively.

 

Related Reading: Tron’s Justin Sun Acquires P2P File-Sharing Network BitTorrent

Featured Image from Shutterstock.

 

The post BitTorrent to Launch Own Cryptocurrency on the Tron Network appeared first on NewsBTC.


Source: newsbtc
BitTorrent to Launch Own Cryptocurrency on the Tron Network

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10 Years Ago Bitcoin’s Genesis Block Changed the Course of History

10 Years Ago Bitcoin's Genesis Block Changed the Course of History

Over the last 12 hours, cryptocurrency supporters across the globe have been celebrating the 10-year anniversary of the Bitcoin genesis block which was mined at approximately 18:15:05 UTC. Die-hard crypto enthusiasts believe the software released by the anonymous creator Satoshi Nakamoto has forever changed the people look at money, and that the technology’s effect on the economy transform the course of history.

Also read: 2018’s Top Cryptocurrencies Ranked by Github Activity

10 Years of Dust Sent to the Genesis Block’s Wishing Well

10 Years Ago Bitcoin's Genesis Block Changed the Course of HistoryOn Halloween 2008, an anonymous developer named Satoshi Nakamoto announced a paper called Bitcoin: A Peer-to-Peer Electronic Cash System. Two months later, on Jan. 3, 2009, the network launched when Nakamoto mined block 0, bringing the Bitcoin blockchain into life. The genesis block is special for a few as it has characteristics that the thousands of subsequent mined blocks do not. For instance, the genesis block is hardcoded into a great majority of software clients that use the chain for reference and for infrastructure.

Furthermore, at the time of , block rewards gave miners 50 BTC, but the genesis block is an unspendable sum that will forever contain those 50 coins. To this day nobody knows whether Satoshi made these coins unspendable for any specific reason. Over the years, many fans have also sent funds to the genesis address, and at the time of publication, there’s a total of 66.9 BTC sitting there. Scrolling through the list of dust transactions sent to the genesis address, one can find messages to Satoshi asking the creator for coins, as many of the senders hoped the creator would send additional funds to them.

10 Years Ago Bitcoin's Genesis Block Changed the Course of History
The original cover from The Times on Jan. 3, 2009.

Like the Beatles, Satoshi Left a Backward Message in Block 0

Another interesting fact the genesis block is that many historians believe it was mined with a Windows-powered PC. Bitcoin version 0.1, the first original implementation, is written in the coding language C++ and was a Windows GUI application at first. This means the first block Satoshi mined was processed solely with a PC’s CPU. People mined BTC this way for two years after block 0 was created.

10 Years Ago Bitcoin's Genesis Block Changed the Course of History
Satoshi’s message located in block 0.

The genesis block’s hash has two additional leading hex zeroes which are not seen in block creation today (except for the infamous 21e800 hash on June 19, 2018). The content of the ‘input’ in a generated bitcoin block contains what’s called a ‘coinbase parameter,’ which in the genesis block’s case is recognized as one of the most fascinating examples of hardcoded text stored inside the chain.     

The coinbase parameter for block 0 states:  

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

There are many theories to why Satoshi created this text, the prevailing one being that it was a philosophical message in response to 2008’s economic crisis and the subsequent bank bailouts. In addition to the coinbase parameter, when someone decrypts the hexadecimal format, the message also shows the “Chancellor bailout” text written backward. With Satoshi mining bitcoin with his CPU, it took six days to find block 1 on January 9 after the genesis block’s creation, and some people consider this day to be Bitcoin’s birthday as well. Some bitcoiners also assume Satoshi took a break in between mining blocks 0-1, in order for the timeline to represent the Bible’s Genesis story where God’s creation of the earth took seven days.  

Hal Finney, Cryptographers, Internet Geeks, Anarchists, Tech Entrepreneurs, Venture Capitalists, and Grandma

Three days later, Satoshi sent the first transaction to the developer Hal Finney who decided to run the software and accepted 10 BTC from the creator. In fact, Finney was running the Bitcoin protocol on his computer the day after block 1 was mined on January 10 and tweeted about the software that day. However, even though Finney was the first known or identified bitcoin recipient, Satoshi sent coins to quite a few people on that same day. The creator also chose to send coins from block 9, as opposed to sending funds from blocks 1-8 for another unknown reason. On March 19, 2013, Finney explained how he got excited about the protocol after it was released by the anonymous inventor.         

“When Satoshi announced the first release of the software, I grabbed it right away — I think I was the first person besides Satoshi to run bitcoin,� explained Finney’s recollection of the events. “I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satoshi sent ten coins to me as a test — I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them,� the cryptographer added.

10 Years Ago Bitcoin's Genesis Block Changed the Course of History
Seven days after the creation of the Genesis block, Hal Finney tweeted that he was running the Bitcoin software.

The creation of Bitcoin’s Genesis block and the beginning stages of the network started to gather more supporters as time progressed. To this day, we don’t know what happened to Satoshi when the creator left the scene in 2010, by which point he is credited with having mined close to 1 million bitcoins. Since then, the establishment has scorned the technology year after year, while Bitcoin has steadily gained traction. Meanwhile, large swathes of geeks and political idealists started to believe the protocol would revolutionize the entire monetary on a global level. For six years after block 0 was mined, the financial elites called cryptocurrencies crap before attempting to commercialize them in 2015.

10 Years Ago Bitcoin's Genesis Block Changed the Course of History
Bitmex sponsored a thank you message to Satoshi for The Times’ January 3rd, 2019 front page. Included on the front page is the hash of Bitcoin block 554,509 in which Bitmain’s Jihan Wu and the mining pool BTC.com added the message “Thanks Satoshi” in the coinbase parameter.

Hard Money and the 21 Million Deliverable Pieces of Subjective Value

Satoshi’s software is more than just a fundamental breakthrough in computer science; the technology is also a peer-to-peer, open, secure, censorship-resistant, and the most deliverable type of money ever created. Since the creation of the genesis block 10 years ago today, the technological innovation has allowed for a pure form of voluntary free market exchange. Transactions between global individuals are conducted in a permissionless manner across hundreds of invisible borders without the need for any pre-existing trust. The innovation Satoshi gave to the world in 2008 is the current monetary system’s black swan, equipped with a positive feedback loop. Its ability to survive 10 turbulent and testing years is surely an event worth celebrating.

What do you think about the 10-year anniversary of the genesis block and Satoshi Nakamoto’s infamous creation? Let us know what you think about this subject in the comments section below.


Images via Shutterstock, The Times, Twitter, Brave the World, and Pixabay.


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The post 10 Years Ago Bitcoin’s Genesis Block Changed the Course of History appeared first on Bitcoin News.


Source: bitcoin.com
10 Years Ago Bitcoin’s Genesis Block Changed the Course of History

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