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Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

In the classic “diffusion of innovations” theory, new technology has to progress from innovators to early adopters before it can go mainstream. Innovators are the 5% of people who adopt technology while it’s still experimental. They prove the concept. Early adopters come next. Generally, these people have connections with innovators, a high degree of thought … Continue reading Prepare for Bitcoin’s Early Adopters (They’re Not Who You Expect)

Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters

US President Donald Trump’s campaign app “Official Trump 2020 App” raised a lot of skepticism, as it has been uncovered that the election app has collected massive amounts of sensitive information on his voters. Trump is supposed to run against Joe Biden in the presidential election of 2020, and as part of his campaign, his … Continue reading Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters

Signature Bank Launches New Digital Payments Technology Platform—Signet

In a press release disclosed with Blockchain.News, New York-based Signature Bank announces that it is planning to launch Signet, its digital payments platform, on the Fireblocks network. What is Signet? Signet is the first platform of its kind to be approved for use by the New York State Department of Financial Services, and it enables … Continue reading Signature Bank Launches New Digital Payments Technology Platform—Signet

Permissionless Blockchains fit the Business World's Needs

R3 CTO Richard Brown recently published an interesting article. Among other issues, the story states explicitly permissionless blockchains have probabilistic confirmation of transactions. We want to clarify several parts of this problematic statement by describing how Concordium solves some of the challenges for Permissionless Blockchains. Transactions confirmation are not probabilistic Richard Brown claims that permissionless … Continue reading Permissionless Blockchains fit the Business World's Needs

Former US Head of Treasury Lawrence Summers Backs Cryptocurrency

In an interview between CEO of the digital currency company Circle —Jeremy Allaire and Former US head of Treasury Lawrence Summers, the latter advocated for cryptocurrency’s benefits. He stated that what appeals to him about cryptocurrency is that it reduces payment friction. In other words, cryptocurrency increases the speed of transactions and eliminates a third-person mediator. … Continue reading Former US Head of Treasury Lawrence Summers Backs Cryptocurrency

Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services

Lawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in its ethics opinion. It’s ethical for lawyers to accept crypto According … Continue reading Washington DC Lawyers Can Now Accept Cryptocurrency Payments for Legal Services

Binance Completed Their "Largest Upgrade" in 2 years, What was Improved?

Binance, one of the largest cryptocurrency exchanges in the world, recently announced that it successfully upgraded its trading platform. The CEO of Binance, Changpeng Zhao (CZ) called the upgrade on Twitter the “biggest upgrade” Binance has ever gotten since launch. “This is the largest upgrade to date. We switched the matching engine to a new programming … Continue reading Binance Completed Their "Largest Upgrade" in 2 years, What was Improved?

Hacking Ransomware Group REvil Threatens to Strike Again

Previously known to be the company that hacked entertainment media firm Grubman Shire Meiselas & Sacks, the cyberattack gang REvil does not appear to be giving up their devious activities any time soon. Their new scheme once again entails ransomware but this time the demands are targeting big-shot celebrities, such as rap star Nicki Minaj, NBA superstar Lebron James, … Continue reading Hacking Ransomware Group REvil Threatens to Strike Again

McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

Days after McAfee’s Ghostcoin confirmed its partnership with ZelaaPayAE, a payment startup based in the UAE, it was announced that the privacy coin would be expanding into the Hong Kong market. The announcement confirmed in a Twitter post, will see Ghostcoin’s adoption and integration by 60 vending machines in Hong Kong including those at Disneyland. … Continue reading McAfee's Ghostcoin Gets Backing as Payment in Hong Kong

Russia’s E-Voting Blockchain Platform Attacked

Russia’s blockchain e-voting platform for President Vladimir Putin’s proposed Constitutional amendments reportedly suffered a node attack last weekend. The proposal if passed will allow Putin to serve as President until 2036. Russia’s integration of blockchain-based voting is off to a bad start as the Bitfury powered system was reportedly attacked through an election observer’s node. … Continue reading Russia’s E-Voting Blockchain Platform Attacked