ALTCOIN

Nimbus Receives Ethereum Foundation Grant to Work on Light 2.0 Client

[ad_1] The Ethereum Foundation awarded a $650,000 grant to Nimbus for continuing its work on light Ethereum 2.0 clients, a Jan. 28 press release announced. The project’s goal is to allow smartphones and embedded devices to run smart contract-capable nodes.Nimbus is an infrastructure project launched in March 2018 by Status. While initially conceived as a way to ensure access to the Status app on all smartphones, its scope was later
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Bitcoin Gold Blockchain Hit by 51% Attack Leading to $70K Double Spend

[ad_1] The Bitcoin Gold (BTG) blockchain has suffered a 51% attack resulting in over $70,000 worth of BTG being double spent. According to a GitHub post by James Lovejoy, a researcher at MIT’s Digital Currency Initiative, the hard-fork of Bitcoin was hit by two deep reorganizations of over 10 blocks on Jan. 23 and 24.A 51% attack is a situation where a single entity or group controls over half of
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What Impact Would a Ripple IPO Have on XRP Price?

[ad_1] Blockchain payment network Ripple launching an initial public offering (IPO) could, in fact, devalue the cryptocurrency in which it holds a majority stake. According to several market participants interviewed by Cointelegraph over the weekend, Ripple going public has potential implications for the fate of altcoin XRP. Ripple IPO: boom or bust for XRP?The company’s CEO, Brad Garlinghouse, last week hinted an IPO may occur within the next year. In the face of
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Ripple CEO Hints at IPO, Says More Crypto Firms Will Go Public in 2020

[ad_1] Ripple CEO Brad Garlinghouse predicts that initial public offerings (IPOs) will become more prevalent in the cryptocurrency and blockchain space in 2020.Speaking at the World Economic Forum in Davos yesterday, Jan. 23, Garlinghouse reportedly hinted that Ripple would itself be one of those firms to seek a public flotation:“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re
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Apple’s iCloud Is “Now Officially a Surveillance Tool”

[ad_1] Pavel Durov, founder and CEO of major encrypted messenger Telegram, argues that Apple’s cloud service iCloud is “now officially a surveillance tool.”Citing a Jan. 21 Reuters report, Durov claimed that applications like WhatsApp — which rely on iCloud to store private messages — are “part of the problem.” Telegram CEO delivered his verdict in a post on his official Telegram channel on Jan. 21:“iCloud is now officially a surveillance
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Ether Was the Cryptocurrency Most Correlated to Other Coins in 2019

[ad_1] Recent research shows that Ether (ETH) was the cryptocurrency most correlated to the rest of the crypto market in 2019.In a report published on Jan. 22, the research arm of major cryptocurrency exchange Binance suggests that throughout 2019, ETH had an average correlation coefficient of 0.69. The paper, which compared correlation data of 20 top cryptocurrencies, reads:“Ether (ETH) is the highest correlated asset. With an average correlation coefficient of
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Libra Spurred Us to Take CBDCs Seriously

[ad_1] The former head of payments and settlements at the Bank of Japan (BOJ) says Facebook’s Libra galvanized central banks globally to look seriously into digital currency issuance.A Jan. 22 Reuters report cited remarks by Hiromi Yamaoka, who reportedly oversaw the BOJ’s research into digital currencies as part of his erstwhile role and continues to communicate closely with international central bank policymakers. He is presently a board member at IT consultancy
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British Telecoms Giant Latest Member to Bail on Libra Association

[ad_1] Adding to a lengthy list of departures last fall, telecom giant Vodafone has departed the Libra association, a spokesperson from Vodafone confirmed to Cointelegraph in an email on Jan. 21, 2020. The representative said:“Vodafone Group has decided to withdraw from the Libra Association. We have said from the outset that Vodafone’s desire is to make a genuine contribution to extending financial inclusion. We remain fully committed to that goal and