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Man who lost password to $220M worth of bitcoin says he’s ‘made peace’

by crypto journalist
A San Francisco man who lost the password to a thumb drive with $220 million worth of bitcoin inside says he has “made peace” with the loss. Stefan Thomas has used 8 of the 10 attempts allowed by a secure thumb drive to reach his 7,002 digital tokens — which are now worth nearly $40,000 apiece and have been minting millionaires left and right — and is no closer to reaching his funds. In an interview with KGO-TV, Thomas said that he used to be “desperate” to get into his thumb drive, and that a potential loss of that magnitude […]

Norwegian Oil Billionaire Says BTC Could Be Worth Millions of Dollars Each — Puts Liquid Company Assets in Bitcoin – Bitcoin News

by crypto journalist
Norwegian Oil Billionaire Says BTC Could Be Worth Millions of Dollars Each — Puts Liquid Company Assets in Bitcoin Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to bitcoin. Rokke believes that bitcoin could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.” Norwegian Public Company Gets Into Bitcoin Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it […]

Exchange Says $200K in Ethereum Classic Lost As Blockchain Attacks Continue – CoinDesk

by crypto journalist
Cryptocurrency exchange Gate.io said Tuesday that it will absorb the loss of roughly $200,000 worth of ethereum classic – about 40,000 ETC – in light of a series of blockchain history rewrites that continue to occur. In a blog post, the exchange said it had confirmed the 51 percent attack – whereby an entity controls sufficient computing power to alter the network’s transaction history and double-spend coins – and identified three addresses that it said are tied to the attacker in question. “Gate.io’s censor successfully blocked attacker’s transactions at the beginning and submitted them to the manual exam. Unfortunately, during […]

Elon Musk, Apple, Obama, Bill Gates, Bezos Hacked in Bitcoin Scam

by crypto journalist
Something normal happened on Twitter earlier this afternoon. Someone claiming to be Elon Musk started tweeting an obvious scam to entice his loyal bootlickers to send bitcoin to a random cryptocurrency wallet. This happens all the time, but the strange thing about today was that the tweets were coming from Musk’s verified account. And nearly identical tweets were coming from accounts of people like Bill Gates, Jeff Bezos, Kanye West, Joe Biden, Barack Obama, Warren Buffett, every major crypto-exchange, and I’m quickly losing track of all of ‘em. This is obviously the result of a Twitter hack the likes of […]

RSK Mines Its Genesis Block – Bitcoin Now Has Ethereum-Like Smart Contract Platform

by crypto journalist
RSK Labs has finally mined its genesis block and formally launched its long-awaited Bitcoin-based smart contract platform and sidechain on the mainnet. While still in beta with limited distribution, the new RSK sidechain is expected to offer significant scaling benefits to the Bitcoin network. News.Bitcoin.com caught up with CEO Diego Gutierrez Zaldivar to find out more details. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details RSK Mined Its Genesis Block After nearly 3 years of preparation, RSK Labs has finally mined its genesis block at 1:41 am CST on January 4, 2018. Diego Gutierrez Zaldivar. “We’re very excited […]

Ethereum Constantinople/St. Petersburg Upgrade Announcement

by crypto journalist
The Ethereum network will be undergoing a scheduled upgrade at block number 7,280,000, which is predicted to occur on Thursday, February 28, 2019. The exact date is subject to change depending on block times between now and then and could be activated 1-2 days before or after. A countdown timer can be seen at https://amberdata.io/blocks/7280000. You can monitor the network upgrade in real time at http://forkmon.ethdevops.io/. What is Constantinople and St. Petersburg? Constantinople and St. Petersburg are the names given to this network upgrade. Previous network upgrades have been given other names such as Spurious Dragon and Byzantium. The reason […]

Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours | Market Updates Bitcoin News

by crypto journalist
Crypto Markets Suffer Heavy Losses, Bitcoin Price Sinks More Than 25% in 24 Hours Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year. Digital currency markets are in the red on Monday, as crypto assets have lost anywhere between 15% to over 35% during the last 24 hours. The leading digital asset by market valuation, bitcoin (BTC) […]

Beta Testing in Blockchain

by crypto journalist
Beta testing is part of the rigorous, product perfecting process most software undergoes before it is released to the public. It is the second phase in which the intended audience samples the product. By the time a product is ready for a beta testing period, it is necessary to have a finished, working and reasonably stable version to successfully carry out this phase. During beta testing, it is expected that the product is used on real-world scenarios by a group of users. Not to be confused with alpha testing, it is important that the software is beta-ready which entails that […]

Ethereum 2021: ETH Rises 800%, and More Gains Are Coming | InvestorPlace

by crypto journalist
Are you familiar with “middle-child syndrome”? Then you’ll know how ethereum (CCC:ETH) has felt all these years. Since January 2020, ETH has trounced bitcoin (CCC:BTC) with a nearly 750% return. Yet, the world’s #2 cryptocurrency received less attention than its big brother BTC or problem-child XRP (CCC:XRP). Source: Shutterstock But don’t be fooled. Ethereum looks set to break out in 2021. As its technological advantages gain steam, Ethereum investors could see $1,500 in the near term and $2,500 sometime by the end of 2021. But strap on your seatbelt and hold on tight; it’s going to be a wild ride. […]

Bitcoin Jumps 12% as China’s Xi Embraces Blockchain, Boosting Crypto Sentiment – CoinDesk

by crypto journalist
View Bitcoin prices shot up 12 percent Friday, climbing off a five-month low touched earlier this week, after Chinese President Xi Jinping said his countrymen should “seize the opportunity” afforded by blockchain technology. Although China’s central bank ordered mainland-based coin exchanges to close in 2017, Xi’s comments in support of enterprise blockchain, which share the distributed-ledger technology underpinning bitcoin, is good for sentiment around the crypto industry, said Mati Greenspan, senior market analyst at exchange eToro. And that in turn could be boosting sentiment toward bitcoin, the original blockchain-based digital asset invented a decade ago, Greenspan said. “It’s bullish for […]