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The Bitconnect project was accused of creating a financial pyramid

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The creators of Bitconnect consider it "decentralized P2P-Crypto-currency based on an open source code that allows people to store and invest their money in a government-unchecked currency and even earn a significant return on investment." Critics of Bitconnect consider it a financial pyramid, which rewards the first customers and leaves the rest with nothing. While cynics can assert the same thing about many crypto-currencies, there is evidence that Bitconnect and the truth may be unclean.

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blockchain

The creator of BitTorrent is preparing a Chia network - an alternative to Bitcoin

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Bram Cohen, the creator of the famous BitTorrent file sharing protocol, announced that he was one step closer to "solving the problem of centralizing Bitcoin." In an interview with TechCrunch magazine, Cohen said that Chia's network, its long-standing project, positioning itself as an alternative to Bitcoin, could be launched by the end of 2018. The "very hot" round of initial investment allowed the project to get out of the underground and hire a capable developer, which is necessary for Chia's currency to offer itself to investors.

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blockchain

Damage from vulnerability in the Parity Wallet and its consequences

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As a result of the accidental use of a previously unknown vulnerability in the source code of the Parity Ethereum Wallet this Monday were "frozen", and actually lost funds in the accounts of many customers and projects. Save them, can only hardfork, similar to the project  of TheDAO tokens rescue in July 2016. In the company Parity Technologies responded to outrage of the public and the experience of customers only on Wednesday - 2 days after the blocking of funds in the blog officially confirmed the existence of a critical security threat: "Unfortunately, the code found a new vulnerability, which made it possible to transform the Parity Wallet contract into an ordinary multi-signature wallet, and to change its owner using the initWallet function call. This vulnerable code appeared in the software after its update as a result of the July 19 events. "

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blockchain

Bitcoin takes new heights, network loading and commissions grow

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The popularity of the crypto-currency markets is growing rapidly, and this is not surprising, since the price of bitcoin has risen by 60% in just one last month. However, along with the passing of the mark of 7000 dollars for BTC, the congestion of the blocks again increased, as well as the commission of the miners. This was the reason for users' displeasure with unconfirmed transactions and the need to pay 5-10 dollars per transaction. The actual cancellation of the SegWit2X's hardfork not only does not solve the crisis of scaling, but rather aggravates it, since other solutions still do not work, and even activated more than two months ago SegWit has not been put into operation to the full.

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blockchain Bitcoin

Report Deloitte: in 2016 on GitHub more than 26 000 blockchain-projects started

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According to the data collected by Deloitte, last year in the repositories on GitHub was created more than 26,000 new projects related to the blockbchain. In its new report, "Evolution of Blockchain Technology: A Look from the GitHub Platform", published on November 8, the company presented data from an application development platform that stores codes for more than 86,000 blockbchain initiatives, including major projects such as Bitcoin. In general, the study reflects the development of technology since Bitcoin, since 2009.

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blockchain Deloitte

Regulators of Sweden and New Zealand published their Statements on ICO

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The financial regulators of Sweden and New Zealand have recently published documents on the primary placements of tokens (ICO). The Swedish financial regulator issued a statement, which notes a number of risks associated with the ICO. The ICO document is described as "a term used to designate the launch of a new token or another form of digital asset based on encryption technology." The Financial Services Agency (FSA) compares the primary placements of the tokens with the "basic" financial measures, and notes that "the goal of the ICO is to attract funding from the public to develop a business idea for the company that does not differ from the idea of basic financing." 

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blockchain

The Massachusetts Institute of Technology (MIT) will issue diplomas based on the blockchain

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Massachusetts Institute of Technology (MIT) decided to revise the system of issuing diplomas to its graduates. The other day, he unveiled a pilot program to test the capabilities of the blockchain for issuing diplomas. According to a publication on the MIT News website, the pilot program that began this summer provided 111 MIT graduates with an opportunity to receive a diploma of education through an application based on a blockchain for a smartphone in addition to the traditional printed version.

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blockchain

The Royal Mint of the United Kingdom introduced a mechanism for trading gold on the blockchain

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The Royal Mint of the United Kingdom tested the mechanism on the blockchain, monitoring the transactions with gold bars. To date, the Royal Mint Gold (RMG) system is still in test mode, but has already processed more than 50,000 units. The first block was mined on 2 August. It is designed to record sales and ownership of precious metals. The creators state that the system is built in such a way that it reduces all risk to zero.

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blockchain

The Central Bank of Uruguay will issue a digital currency

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While public figures and bankers of large states reflect on the advantages or disadvantages of the digital currency, still not deciding to use them massively in the economy, in some less developed countries regulators are already working in this direction. Central Bank of Uruguay announced on November 3 in a press release on its website about the imminent launch of a pilot project for the release and implementation of digital currency in the country. The digital peso will be provided by the state, controlled by the Uruguayan Central Bank and by its nature will not be a crypto currency, explained in the report.

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blockchain

BP, Shell and Statoil will sell resources on the Blockchain Trading Platform

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Oil and gas companies BP, Shell and Statoil created a blockchain-based trading platform for the application of technology in the energy sector. ING, ABN Amro, Societe Generale, Gunvor, Koch Supply & Trading and Mercuria also take part in the project. The blockchain-platform will be fully operational until the end of 2018. According to ING representative Carolien van der Giessen, the energy industry has become more complex, as it has been replenished with new participants. "At the beginning of 2017, we (ING, Mercuria and Societe Generale) used a blockbuster platform to transport African oil to China. The results of the experiment showed that the platform can significantly improve the efficiency of some processes. "

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blockchain
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