BLOCKCHAIN

A Blockchain System for Azerbaijan’s Digital Economy

[ad_1] Azerbaijan has been a hotbed for a series of ambitious fintech-related announcements over the past several months, as the nation’s authorities were apparently moving to implement a series of innovative technological solutions in banking and e-government systems.Repeated statements by government representatives suggested that at least part of the program relied on blockchain infrastructure. Most recently, as Cointelegraph reported, the chairman of Azerbaijan’s State Customs Committee revealed plans to implement
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Bexplus BTC Futures Trading – The Best Way to Become Rich in 2019

[ad_1] After nearly 18-month “Crypto Winter”, bitcoin price set a new 2019 high at around $9,400, then, started a downside correction against the US Dollar. Though BTC/USDT pair broke the $9,300 and $9,200 support levels early this week, the downward movement was limited and the price formed a swing low near $9,000 mark. BTC price is currently surging higher and is trading above $9,700. If there is an upside break
BLOCKCHAIN

Sharding, Explained | Cointelegraph

[ad_1] 3.To explain sharding, let’s use the Ethereum blockchain as an example. The Ethereum blockchain is made up of thousands of computers, aka nodes — currently 8,622, according to ethernodes.org — each lending a certain amount of hash power to the network. It is this hash power that allows the Ethereum Virtual Machine (EVM) to function — i.e., to execute smart contracts and run decentralized applications (DApps). At the moment,
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BCH Development Fund Doubles Its Goal After a Successful Month

[ad_1] In May, a group of Bitcoin Cash (BCH) supporting businesses and individuals launched a fundraiser to support BCH development. Since then the fundraiser has received massive support and so the organizers have decided to double the goal to 1600 BCH by August 1, 2019. Moreover, other projects have been added to the Bitcoin.com/fundraise page in order to include development projects like Bitcoin Verde and Flowee the Hub. Also read:
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Fake Bitcoin Trader Admits to Crypto Securities and Wire Fraud, Faces 20 Years in Prison

[ad_1] According to a recent report, a crypto fraudster has pleaded guilty to the charges of fraud levied against him. Patrick McDonnell who went by the fake name Jason Flack has admitted to committing securities and wire fraud in connection with a scheme to defraud investors in virtual currency. McDonnell is Liable For 20 Years in Prison According to the court document, McDonnell faces up to 20 years in prison
Business

Ethereum Co-Founder Criticizes Facebook’s Libra Token for Centralization

[ad_1] Ethereum co-founder Joseph Lubin said that Facebook’s Libra token is like “a centralized wolf in a decentralized sheep’s clothing” in an article published on tech news outlet Quartz on June 21.The social media giant released the white paper for a its cryptocurrency dubbed Libra earlier this month to mixed reviews from experts in the cryptocurrency and blockchain industries and concern from government regulators.In his article, Lubin notes that Libra’s
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Craig Wright Failed to Disclose Bitcoin Holdings in Court Case, Says Lawyer

[ad_1] The legal counsel for a plaintiff in a bitcoin (BTC) theft case involving Australian computer scientist Craig Wright, said that Wright — the defendant — failed to disclose his bitcoin holdings per court order. Devin Freedman of law firm Boies Schiller Flexner made his statements in a tweet on June 21.As Cointelegraph previously reported, in May a United States court ordered Wright to produce a list of his public
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Telegram’s TON Network is a Major Improvement Over Ethereum 2.0, Cosmos, and Polkadot

[ad_1] Based on a recent report, the creators of Telegram’s Open Network (TON) have revealed more details about the features that will be available in the lite client model of the upcoming software platform. TON is Superior The developers of Telegram, an encrypted messaging app which is also developing the TON blockchain network released a statement which implied that the TON platform will contend with top blockchain platforms the Ethereum
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In This Week’s Video Update: BCH Dev Fund Exceeds Target, Bitcoin.com Reveals Rebrand

[ad_1] The Bitcoin Cash Developer Fund has reached its 800 BCH goal in less than a month since the start of the community-driven fundraising campaign. You’ll find more details on how to support the initiative in the weekly update from Bitcoin.com. Check out the video for other interesting news from the Bitcoin Cash space. Also read: Riddell Travel Will Help You Arrange Your African Tour With BCH Developer Fund Doubles
Business

Two Israeli Brothers Arrested for Hack of Bitfinex Crypto Exchange

[ad_1] Two Israeli brothers have been arrested in connection with the hack of cryptocurrency exchange Bitfinex and other crypto-related phishing attacks, finance news outlet Finance Magnates reports on June 23.An Israeli police spokesperson reportedly told Finance Magnates that Eli Gigi and his younger brother Assaf Gigi netted tens of millions of dollars. The two are suspected of being responsible for long-term systematic theft of cryptocurrencies by maliciously obtaining access to