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Posts Tagged ‘Network’

4 Bitcoin ‘Loss’ On Lightning Network is FUD, Says Community

A reported loss of 4 bitcoin on Lightning Network has been blamed on either user-negligence or FUD-spreading. Community members variously described the user as ‘an idiot’ and ‘in over his head’, if the loss really occurred at all. “Wow… looks like I lost 4 BTC” It all started with a question posted on Reddit along with some screenshots:…

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Bitcoin Flash Crash Caused By Drop in Network Velocity

Just as Bitcoin (BTC) trading was becoming ‘boring’, a flash crash has erased as much as $500 in rapid-fire selling. Byte Tree CEO, James Bennet, says that this sudden decline was the result of a significant drop in network velocity. Loss Deepened Within Minutes BTC slid from above $8,200 at the start of the day,…

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Samsung SDS Pilots Blockchain-Based Medical Insurance Network

Samsung SDS, an IT solution developer partially owned by the South Korean tech conglomerate, is expecting to roll out a blockchain-based medical claims processing system this month. According to a CoinDesk Korea report on Wednesday, Yoon Shim, a vice president of Samsung SDS, said at the Blockchain Seoul 2019 event that the firm has been piloting the system…

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Deutsche Bank Bond Tokenized on EOS Network

A bond issued by the problem-ridden Deutsche Bank has been tokenized on the EOS network. The creation of tokenized assets is nothing new, but this time, the decision raised eyebrows. EOS-Supported Tokenized Bond Met with Skepticism EOS, a much-touted project, is still seen as dubious, hosting significant bot activity in its distributed app market. Possibly,…

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CoinShares, Blockchain Launch Gold Token Network on a Bitcoin Sidechain

Digital asset manager CoinShares is putting gold on the bitcoin blockchain. Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making. According to CoinShares, the network launches today with more than…

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Is Lightning Network Suitable For Bitcoin Deposits, Withdrawals?

A Twitter poll by bitcoin evangelist Pierre Rochard discussed whether the Lightning Network is a suitable tool for BTC transactions on crypto exchanges.  Poll Signals to Lightning Network Curiosity Should Bitcoin exchanges enable Lightning deposits and withdrawals? — Pierre Rochard (@pierre_rochard) October 14, 2019 Proponents of LN believe it would be a good fit for…

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Major Bitcoin Proponents Ask Court to Drop $4B Network Hijacking Lawsuit

Several prominent players tightly related to the Bitcoin Cash (BCH) cryptocurrency network asked to be dismissed from a suit over their alleged “hijacking” of the crypto coin network. United American Corp. Saw a Conspiration to Hijack the Bitcoin Cash Network The lawsuit (United American Corp. v. Bitmain, Inc. et al.), facing off United American Corp.…

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Ripple Extends Banking Network With Finastra Partnership

Payment network Ripple announced Wednesday its collaboration with fintech firm Finastra. Using Ripple’s blockchain-based platform, Finastra users can now connect with the 200 partners on RippleNet, a global payments network utilizing the XRP cryptocurrency. RippleNet users also have access to Finastra’s banking partnerships, which settle millions in transactions per year, the company said in a statement.…

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Ethereum 2.0 Critics Call The Entire Network “a Scam”

While the deadline for the gradual launch of Ethereum 2.0 is just around the corner, critics express concerns over potential risks and even call Ethereum a scam. Skeptics Feel Misled Over Network’s Scalability Ethereum started as an ambitious idea of a global platform to host decentralized applications (Dapps) and smart contracts. While there are many…

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Bitcoin Network Experiences Slowest Block in 5 Years

The Bitcoin (BTC) network produced an unusually slow block, taking 119 minutes to discover the block number. The anomaly is happening despite the record activity of miners. Slow Block May Be a Statistical Anomaly The Bitcoin network has a 10-minute block schedule, and so far keeps within the predetermined time, with only small fluctuations. But…

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