3 Giga-Brained Ideas From Consensus Day 2
One of the major selling points of crypto is that the industry is brimming with new ideas. For one reason or another, crypto tends to attract heterodox thinkers or would-be revolutionaries, much in the same way a loose-hanging community formed around the internet in the 90s. Part of this stems from the nature of the tech itself, which offers radically new ways to build code-based systems. Another is Web3’s infamous barrier to entry, meaning the people that end up here tend to be committed – and, frankly, smart enough not to get blown out while self-custodying valuable assets.
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Trezor
A subsidiary of Satoshi Labs, Trezor manufactures hardware wallets where users’ private keys are stored in the device. Satoshi Labs was founded by Pavol Rusnak and Marek Palatinus, and produced the first Trezor prototype in 2012. They launched Satoshi Labs in 2013 and also began fundraising. Trezor offers two products, the Model T and Trezor…

Learning by Doing: A Different Kind of Graduate School for Blockchain
It was on the sidelines of the World Economic Forum in Davos, Switzerland, in January 2018 that a young entrepreneur from the People’s Republic of China came up to me and said, “I really liked what you said during your panel. Would you like to be regional COO of our blockchain company?” It was a…

Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack
Bitcoin Cash “Satoshi’s Vision” – otherwise called Bitcoin SV – suffered a block reorganization Monday by which transactions on two different blocks were overwritten. Though it is possible these two blocks may have been maliciously overwritten by outside attackers, the most likely explanation for the temporary block reorg was due to an overload in transaction activity…

$5 Million in MakerDAO Loans Have Been Liquidated, But Help Is on the Way
news There’s always a risk in taking out a loan, even more so when you make that loan on a blockchain. That fact is perhaps no better understood than by those building the programmatic lending platform MakerDAO, which, having created the first widely used U.S.-dollar stablecoin on ethereum, the DAI token, is responsible for one…

Iran Issues License for Nation’s Biggest Bitcoin Mining Operation
May 5, 2020 at 08:00 UTCUpdated May 5, 2020 at 08:02 UTCCredit: vanchai tan / Shutterstock.comIran Issues License for Nation’s Biggest Bitcoin Mining OperationiMiner, a Turkey-based company, has been granted a license to mine cryptocurrencies in Iran.Local news source Tabnak news reported on April 28 that iMiner has the green light from the nation's Ministry…

ShapeShift Lays Off 37 in Latest Crypto Industry Cutback
news Crypto exchange ShapeShift has announced a round of layoffs, citing a range of difficulties including a tough market climate. In a blog post published Tuesday, CEO Erik Voorhees wrote that the startup had laid off 37 employees, or a third of its staff. He described the process as “a deep and painful reduction, mirrored…

Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets
BTC dips 3% on renewed movement of coins by defunct crypto exchange Mt. Gox. One observer said the movement of coins was likely a part of the exchange's creditor reimbursement plan. Bitcoin (BTC) faced renewed selling pressure on Tuesday after blockchain data showed defunct exchange Mt. Gox started moving coins internally for potential repayments to

Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
Bitcoin rose a little on Friday, but largely shrugged off an unexpectedly strong jobs report, along with a week’s worth of upset and uproar over the U.S. debt ceiling, end-game negotiations and renewed inflation concerns.The largest cryptocurrency by market capitalization was recently trading at about $27,180, up 1.2%. BTC edged above $27,000 shortly before U.S.…