2 Executives Are Leaving Blockchain Startup R3 in Management Shake-Up

Distributed ledger technology provider R3 has carried out an extensive internal reorganization, resulting in the departure of two members of its management committee, CoinDesk has learned. Brian McNulty, a managing director and head of global services, and Lauren Carroll, chief administrative officer, are leaving the company, R3 told employees at town hall meetings Friday, according to people familiar with the situation. An R3 spokesperson confirmed the internal reorganization, which he said will include an expansive hiring program for 2019, but declined to comment on individual staff departures. Neither McNulty nor Carroll…

Mobile Bitcoin Wallet BRD Raises $15 Million, Plans for Expansion in Asia

Cryptocurrency mobile wallet provider BRD wants to accelerate its international expansion, and it has secured $15 million to do it. The Series B funding round was raised from SBI Crypto Investment, a subsidiary of Japanese financial giant SBI Holdings. BRD will use the funds to scale its operations into the Asian market. “It’s very gratifying to see such a significant financial institution as SBI validating BRD’s technology and business model through a strategic investment during an otherwise difficult time for the industry, and we believe it’s precisely these attributes about…

BetterHash Protocol Lets Pool Miners Regain Control Over Their Hash Power

One problem that concerns many is the centralization of mining within the Bitcoin ecosystem. Fortunately, there are talented developers working to solve this problem and Matt Corallo, full-time Bitcoin developer at Chaincode Labs, is one of them. His BetterHash Mining Protocol is intended to significantly decrease the problems associated with mining pool centralization. What Are Mining Pools? First, it is important to understand there are different types of miners on the network. For the purpose of this article, we’ll refer to a “solo miner” as someone who mines alone, a…

Graftroot: How Delegating Signatures Allows for Near-Infinite Spending…

This article is a direct follow-up from our Taproot explainer. If you haven’t read that article, you should probably do so first. If Taproot is deployed on Bitcoin, many smart contract constructions will look just like regular transactions on the blockchain. As long as all participants agree on the outcome of the contract — a “cooperative close” — the clever combination of Schnorr and MAST offers both data efficiency and privacy. However, if a Taproot smart contract is complex enough — that is, if there are many potential outcomes —…

Bitcoin Price Analysis: Strong Move Likely Following Tightly Coiled Market

Days and days of sideways consolidation and tightening volume has been the name of the game for the bitcoin market. A narrow range of $200 has caused a weeks worth of activity to coil and consolidate in preparation for bitcoin’s next move: Figure 1: BTC-USD, Daily Candles, Narrow Range The figure above shows just how narrow the range has been over the last week as the market has continued to grind out support and fail to break above overhanging resistance. The thick, blue line shows a prior support level that…