Decentralized autonomous organizations have received much attention in recent weeks since Ethereum launched its new Decentralized Autonomous Organization platform, featuring projects such as Slock.it and Digix, among others. Ethereum has chosen to ignore the elephant in the room in its press releases: there’s another DAO. It’s Bitcoin, and it’s the biggest blockchain technology around.
Bitcoin is undoubtedly an online creation community: an internet based ecosystem of participants who contribute – often in isolation of each other – towards one single stated project or goal. Online creation communities create a robust cross-section of the Internet, and while a … Read the rest
Bitcoin and blockchain enthusiasts may recall an application called Onename, which was built on top of the identity- and storage-providing blockchain platform called Blockstack. In an announcement earlier today, the company announced they will be changing their name to Blockstack Labs.
Onename Becomes Blockstack Labs
Now and then, Bitcoin companies will go through a rebranding without affecting their customers all that much. In the case of Onename, which will keep the name as a consumer product, the parent company name will change to Blockstack Labs. Onename will continue as it has before, in the form of a Webapp and … Read the rest
Further “liberty” is taken away; Gatecoin is hacked, and a digital coin that’s faster and stronger than Bitcoin? Check out the stories below to see what you’ve been missing in digital currency news:
Cryptocurrency exchange Gatecoin may be the world’s latest cyber-attack victim. The company mysteriously went offline a few nights ago following the discovery of what appeared to be suspicious transactions, and now the exchange is investigating what might be a leak of its hot-wallet funds.
In a statement, Gatecoin tried to ease users’ fears by explaining the situation and assuring them that their funds will be replaced … Read the rest
Since our previous look at the bitcoin price, bitcoin has enjoyed a hike of about two dollars. It’s not terrible; after all, any rise in price is something worth celebrating, but at the same time, $2 is nothing to jump and holler about. Considering bitcoin’s operations in the past, it’s probably safe to say that Bitcoin has found a spot to hover close and settle down for at least a little while.
What Is the Bitcoin Price Doing?
As one source puts it:
“The Bitcoin price has not made any significant move during the quiet Saturday trade. The start … Read the rest
There is a trend emerging in the bitcoin trading landscape. The trend is towards higher and higher leveraged products. If you do not have leverage or zero trade fees at your exchange, then you can expect to see tumbleweed go by every day. Give the users leverage or zero fees, otherwise expect exchange death.
Stigma – Socialised Losses and high leverage
There is a chance of Socialized losses when trading at some futures platforms with high leverage. When there are a lot of liquidated positions, the system can be at a loss. To prevent the system from losing money everybody … Read the rest
The 11.5 million leaked “Panama Papers” detailed financial attorney-client information for over 214,488 offshore companies. At the heart of the controversy was the Panamanian law firm and corporate service firm Mossack Fonseca. The documents spanned a wide timeline, ranging from the 1970s to today.
In the court of public opinion, the documents provided evidence that wealthy individuals and public officials keep certain financial dealings private. As pointed out in much of the original coverage of the Panama Papers leak, offshore business entities are often legal. Of course, some people used these structures for illegal purposes, like fraud, kleptocracy and … Read the rest