Discovering Bitcoin Part 7: The Missing Pieces

This is the seventh and final installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money, Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)!, Discovering Bitcoin Part 5: Digital Scarcity and Discovering Bitcoin Part 6: Digital Contracts. As we conclude our “Discovering Bitcoin” series, we will build on the use of digital signatures and of the CoinJoin…

Discovering Bitcoin Part 6: Digital Contracts

This is the sixth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money, Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! and Discovering Bitcoin Part 5: Digital Scarcity.  In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity, and on the importance…

Analyst Predicts Bakkt Will Build Trust in Crypto Markets

Prominent analyst Tom Lee believes the launch of Bakkt will help build trust towards crypto trading among institutional investors. Lee, a renowned Bitcoin bull and co-founder of the research firm Fundstrat, tweeted his enthusiasm for the long-awaited crypto services platform: “I am very positive on @Bakkt and its ability to improve trust with institutions to crypto.” Bakkt is owned by the Intercontinental Exchange (ICE) and goes live on September 23, having already launched its crypto warehouse service, which saw over $1 billion USD worth of Bitcoin deposited in one day. Many involved parties…

Square Crypto Adds 3 New Members to Complete Inaugural Dev Team

Over the years, Square (NYSE:SQ) managed to emerge as one of the most innovative payments company in the United States, and it is no surprise that the company came up with Square Crypto in 2019. Back in March this year, Square made the announcement that it was going to go into crypto, and now the company has started hiring to kickstart the project. Completes Inaugural Developer Team The company announced that it has completed the ‘inaugural developer team’ for the project and has made key appointments already. The development team will…

Bitcoin Is Not Anonymous and Tor Users Are Forgetting This

Bitcoin is not an anonymous payment network. However, in practice, many people still appear to be forgetting this, even the most privacy-minded. A research paper from the University of Qatar reminds us that Bitcoin alone isn’t private. In fact, it can even deanonymize users seeking privacy from the anonymous communication network, Tor. This indicates a clear vulnerability or potential information leakage for people who already take active measures to remain private online.  “In a real-world experiment, we were able to link many users of Twitter and the BitcoinTalk forum to…

Discovering Bitcoin Part 5: Digital Scarcity

This is the fifth installment of bitcoiner Giacomo Zucco’s series “Discovering Bitcoin: A Brief Overview From Cavemen to the Lightning Network.” Read the Introduction to his series, Discovering Bitcoin Part 1: About Time, Discovering Bitcoin Part 2: About People, Discovering Bitcoin Part 3: Introducing Money and Discovering Bitcoin Part 4: A Wrong Turn (New Plan Needed)! Next in the “Discovering Bitcoin” series, we will build on the previous events of money virtualization, establishment of dangerous monopolies and emergent needs for decentralization, to explore concepts of scarcity in the “virtual” world,…

North Korea Expected to Launch Its Own Cryptocurrency Similar to Bitcoin

North Korea has set plans in motion to create its own cryptocurrency that will be similar to Bitcoin or other cryptocurrencies. The crypto will help the country avoid international sanctions and evade the global US-dominated financial system. North Korea to Introduce Own Crypto A representative of the regime has indicated that the planned cryptocurrency will be the same as the other cryptocurrencies. Alejandro Cao de Benos, the head of the country’s crypto conferences, said that they are currently evaluating products that will offer the digital currency value. For now, the…

New Research Shows How Young Adults Drive the Cryptocurrency Revolution

Are Millennials and Gen Zers (post-millennials) driving the growth in adoption of cryptocurrencies? A growing amount of recent research suggests that the overall increase in society’s acceptance of the technology is exponential and is concentrated among the youngest cohort of the population. If you’ve been to cryptocurrency conventions or meetups, you’ll be aware that this is a young people’s movement. Unlike the blockchain technology movement, which seems to attract a broader range of followers (many of whom work in the corporate sector), the advent of cryptocurrency appears to be a…

NetCents Doubles Partnership Agreements in Six Months

NetCents Technology Inc. (CSE:NC) (OTCQB:NTTCF) announced Wednesday that it is accelerating its pace for market adoption and integration through the sign on of its 40th partnership agreement. Doubling its number of partnerships in just over six months reflects NetCent’s aggressive trajectory to accelerate its partner growth and keep pace with merchant adoption of cryptocurrency. It also demonstrates the increased willingness of merchants to adopt traditional payment alternatives by incorporating NetCent’s payment solution in-store, online, and within their POS systems. “This accelerated partner growth continues to validate our business model and the…

Libra Should Not Scare Central Banks, Says Facebook

Libra, the cryptocurrency that is expected to be launched by Facebook (NASDAQ:FB) in 2020, has proven to be the biggest disruptor in the crypto sphere since June. Policymakers, central bankers, and even politicians have expressed their skepticism with regards to the project. Relief for Crypto Traders? The announcement in July created massive disruption in the crypto market, and it was around that time that Bitcoin lost its momentum. That being said, the troubles for Libra are not over yet as fresh fears have been raised whether the Facebook-backed stablecoin is…