Riot Blockchain, Canaan, and The9 Stock All Soared Today as Bitcoin Becomes $1 Trillion Asset – Motley Fool
Bitcoin(CRYPTO:BTC) reached an unprecedented milestone for a cryptocurrency on Friday morning. The price of Bitcoin tokens surpassed $53,700 each, carrying Bitcoin’s market capitalization over $1 trillion. And stocks that are related to Bitcoin like Riot Blockchain(NASDAQ:RIOT), Canaan(NASDAQ:CAN), and The9 Limited(NASDAQ:NCTY) are all soaring today as a result, up 21%, 33%, and 23%, respectively, as of noon EST.
According to Coinbase, Bitcoin is up around 5% over the past 24 hours, hitting all-time highs above $54,300. But there are other cryptocurrencies making much bigger moves today. One is Binance Coin(CRYPTO:BNB), up roughly 49% as of this writing. And this outsize move is probably telling us something.
Image source: Getty Images.
For the record, Riot Blockchain, Canaan, and The9 didn’t report news that warranted moving their stock prices this much. Canaan and The9 didn’t report anything at all. Riot Blockchain filed with the Securities and Exchange Commission (SEC), showing insider Hannah Cho acquired 12,500 shares. On the surface it seems bullish. However, Cho was recently added to the board of directors, and these shares came free with the deal.
Therefore, the real news today is what’s going on with Bitcoin. So far in 2021, we’ve seen growing adoption from Wall Street. One recent adopter was Tesla, which added $1.5 billion Source…
In retrospect, it was inevitable: A team of blockchain developers has replaced GitHub with a decentralized system for collaborating on open source software. There’s even a decentralized finance (DeFi) twist.
Announced Thursday, Radicle, a fully decentralized code repository, has raised $12 million in funding, integrated its peer-to-peer network with Ethereum and launched the RAD governance token.
The funding round was led by NFX and Galaxy, with participation from Placeholder, Electric Capital and ParaFi Capital; Naval Ravikant, Balaji Srinivasan and Meltem Demirors were also involved. Notably, it’s the first crypto investment from NFX since Libra co-creator Morgan Beller left Facebook and joined the VC firm in September 2020.
The growing army of “Web 3.0” builders are mismatched with centralized platforms like Microsoft-owned GitHub, said Eleftherios Diakomichalis, co-founder of Radicle. The needs of these communities are better served by decentralized autonomous organizations (DAOs) controlling their code repositories, rather than hierarchical platforms with one admin in control, he said.
“We think about Radicle as infrastructure for decentralized communities,” Diakomichalis said in an interview. “When it comes to value, these communities are very used to interacting with value flows; think about things like DeFi protocols on Ethereum. So we are bringing these two worlds closer together – the code collaboration world with the world of DAOs – and this new financial infrastructure is being built on Ethereum.”
Akash Network, the World’s First Decentralized Cloud Computing Marketplace and the First DeCloud for DeFi, Develops Critical IBC Relayer for Inter-Blockchain Communication Protocol – PRNewswire
Key features for the IBC Relayer include:
API Server: An end-to-end API server that allows clients to interact with IBC chains. This feature allows the Relayer to expose an RPC server that enables a user to make common queries and use all the relayer functionality against a programmatic HTTP interface, i.e. a website. This feature will also allow for remote management of relayer nodes.
Improved Client-side Validations: Improved the security and robustness of the Relayer by improving client-side validations for messages.
Added Support for Client, Connection, and Channel Recycling: This feature is a crucial performance enhancement for the IBC network, and reduces the number of connections needed between different servers, improving efficiency and speed in the system.
Automatic Updates to Clients for Preventing Expiry: Added crucial usability improvements such as automatic client updates to prevent expiration of IBC clients, reducing management and monitoring of the system.
Typed Events: This feature simplifies the code base and makes it easier for clients to consume events from all Cosmos SDK-based chains. It also makes the system more stable and greatly improves the developer experience.
Architecture Decision Records (ADR) in Cosmos SDK: A submission for design events was integrated into the latest Cosmos SDK and will be incorporated into the Relayer.
Essential to launching the IBC protocol and the Source…
Blockchain is a decentralized technology used to protect the security and privacy of online transactions and is usually associated with cryptocurrencies such as Bitcoin. However, it is a mechanism that can be applied to all kinds of digital exchanges. In a new study, researchers from the K-riptography and Information Security for Open Networks (KISON) group at the Internet Interdisciplinary Institute (IN3) Amna Qureshi and professor David Megías (who is also the director of the IN3) analysed existing blockchain-based multimedia content protection systems and established a taxonomy to classify them according to their technical features, the protection techniques they use and their performance. The study is the first detailed analysis of this type of application and looks at the technological and scientific challenges for their improvement and implementation.
The researchers said: “blockchain has an excellent potential to be broadly applied in copyright protection and management applications. However, there are still many open issues that need to be further researched and analysed in order to create workable copyright protection applications that can fully benefit from the use of the blockchain technology.”
A gap in the research
Because of the growth in the distribution of audiovisual content through online platforms and peer-to-peer (P2P) file sharing, matters such as content security, copyright protection and piracy tracing are increasingly more pressing for the owners, producers and distributors of content. The researchers said that, faced with these problems, blockchain makes it possible to “upload copyrighted content, control licensing/copyright options, manage distribution, trace sources of Source…
The Future of Crypto and Casinos – Infosecurity Magazine
By using Blockchain technology, cryptocurrencies find their way into many industries as secure payment options across many online platforms, including casinos.
Across the spectrum of online businesses, casinos are the most frequent converts to cryptocurrencies (also known as crypto). The future of crypto and casinos is secure with increasing gamblers participating online or on their mobile devices.
Read on to find out the more in-depth questions asked and whether there’s a future for cryptocurrency in the gambling world.
Cryptocurrency: Simply Put
You can’t pick up and hold a Bitcoin in your hand or pull a note out of your wallet. This lack of physicality does not mean there is no worth to a cryptocurrency. In simple terms, cryptocurrencies are electronic peer-to-peer (i.e. shared access to files without a central server) currencies. These decentralized files are stored in Blockchains.
A basic understanding of the Blockchain technology driving this new currency is required to establish a clearer idea of its impact and future.
What is Blockchain Technology?
Once a transaction file is Blockchain stored, it is impossible to alter, hack or delete it. A Blockchain is a digital ledger of these transactions that is distributed to the network of users. As more and more people invest in cryptocurrencies, so too are the number of Blockchains growing. This increase in investor numbers adds significantly to the security of the data.
No one person controls a Blockchain – it is transparent to all investors. Currency cannot be faked, hacked or duplicated. People Source…
Watch Out Bitcoin. Ethereum Is Ascending to New Heights – ETF Trends
Ethereum is the second-largest cryptocurrency behind Bitcoin. While interest in the latter is soaring, Ethereum is growing in popularity as well.
Ethereum is an open-source, blockchain-based distributed computing platform that can support smart contract functionality. That’s a complicated way of saying that Ethereum not only makes a cryptocurrency called ether possible, but it can also support the launch of new cryptocurrencies and make it possible to crowdsource funding for new projects.
“According to data presented by Aksje Bloggen, Ethereum’s daily trading volume hit $48.2bn this week (second week of February), a 220% increase year-over-year,” writes the research firm. “In February 2019, the 24-hour trading volume of the world’s second-largest cryptocurrency amounted to $2.6bn, revealed the CoinMarketCap data. Over the next twelve months, this figure jumped by more than 470% and hit $14.9bn in February last year.”
Why Ethereum Over Bitcoin?
The simplest way to think about Ethereum is to compare it to something you probably use every day: your mobile phone. If you have an Android or iOS phone, you have apps that can perform a wide variety of functions from ordering an Uber to mapping a route across town.
What gives Ethereum an edge against Bitcoin is its implementation of smart contracts, which allows developers to run decentralized applications, or dapps, directly on the Ethereum blockchain. Although the possibilities for smart contracts are nearly endless, a few dominant use cases have emerged.
With traditional cryptocurrency exchanges, a user has to deposit their funds in order to make trades. This requires Source…
Filecoin is based on IPFS and allows its users to rent any unused storage space they have on their hard drives in exchange for filecoins, Filecoin’s own cryptocurrency. Filecoin uses blockchain to register deals between storage providers and consumers and claims the use of blockchain as a data replication mechanism will make its solution resilient to censorship:
Filecoin resists censorship because there is no central provider that can be coerced into deleting files or withholding service. The network is made up of many different computers run by many different people and organizations. Faulty or malicious actors are noticed by the network and removed automatically.
Aayush Rajasekaran: Filecoin is a decentralized storage network designed to store humanity’s most valuable information. The Filecoin project encompasses the protocol that facilitates reliable storage, the online marketplace where storage clients and providers interact, and the cryptocurrency that provides the economic incentives to power the network.
At the heart of Filecoin is the concept of provable storage. Simply put, to “prove” Source…
Avalanche Crippled by Bug Triggered by Unusually High Volume, Engineer Says – CoinDesk – CoinDesk
An Ava Labs engineer gave a rundown of the small code bug that severely crippled the Avalanche blockchain last week.
In a Sunday Medium post, blockchain engineer Patrick O’Grady wrote that increased congestion on the network triggered a “non-deterministic bug” related to how the high-throughput, proof-of-stake blockchain keeps track of transactions.
Funds were never at risk, O’Grady notes, though the high-profile misstep has a valuable lesson for the blockchain industry.
Avalanche launched in September 2020 with the claim it could process 4,500 transactions per second. It’s backed by prominent cryptocurrency firms including Mike Novogratz’s Galaxy Digital, Bitmain and Initialized Capital. It also has an academic stamp of approval, having been designed by Emin Gün Sirer, a computer science professor at Cornell University.
The blockchain is usually grouped with other so-called “Ethereum killers,” or blockchains designed to solve the scalability problems that have plagued the second-largest blockchain since inception. While positioned to steal market share from Ethereum, Avalanche also has been billed as a way to complement and connect – rather than strictly compete – with its forbear.
Avalanche has three “default chains,” including the so-called “contract chain” that supports the Ethereum Virtual Machine and its Solidity coding language. It’s this chain that was part of this week’s issue.
Satoshi & Company: The 10 Most Important Scientific White Papers In Development Of Cryptocurrencies – Forbes
Bitcoin is soaring, Elon Musk’s Tesla TSLA has joined a growing group of corporate hodlers and the global cryptocurrency market now has more than $1 trillion in market capitalization. While a good deal of that value is held in so-called “altcoins” of dubious worth, it is clear that the decentralized future of money is gaining momentum.
The roots of the current crypto revolution can be traced back all the way to the 1970s. We’ve compiled a list of the 10 most important developments underpinning the rise of the digital economy. It is worth noting that the first four are fundamental to the development of not only digital assets but concepts and technologies exploring applications far beyond fintech and decentralized governance. Previously, researchers Arvind Narayanan and Jeremy Clark published an article shedding light on the academic origins of bitcoin. The success of these and other academics led to a wellspring of low-quality copycats, who made billions in the heyday of ICOs with little more Source…
Mark Cuban on blockchain: ‘It’s like the early days of the internet’ when ‘a lot of people thought we were crazy’ – CNBC
Self-made billionaire Mark Cuban says new innovations and companies will come out of the pandemic, creating an “America 2.0,” as he calls it.
“At the beginning of the pandemic, as awful as it’s been, I talked about companies that we’re going to look back [on] in 10 or 15 years that were created” during this time, Cuban told Real Vision founder and CEO Raoul Pal in an interview published Feb. 9.
And according to Cuban, investor on ABC’s “Shark Tank” and owner of the Dallas Mavericks, one of those things will be the evolution of blockchain technology and the companies that follow from it.
“What we’re seeing right now with this communal effort and the foundation of blockchain-type applications that people stuck at home can use to try to make money … just changed the game 180 degrees,” he said.
If you don’t understand blockchain, Cuban said, “it’s going to smack you down and make you bleed.”
Blockchain is a decentralized digital ledger that documents transactions, like cryptocurrency, and it’s development reminds Cuban of the “early days of the internet.”
“It’s like the early days of the internet – brand new, no one really knows what it’s going to be. [There’s] a lot of projections,” he said. “[W]hen we were starting AudioNet, that turned into Broadcast.com, I can’t tell you how many times everybody said, ‘Internet broadcasting? There’s no chance. I don’t need this internet craziness to do this.’ A lot of people thought we were crazy.”