Category Archives: Uncategorized

Countdown to SegWit: These Are the Dates to Keep an Eye On

Bitcoin’s very public scaling debate is entering a crucial phase. Two of the most popular scaling proposals available today — BIP148 and SegWit2x — both intend to trigger Segregated Witness (“SegWit”) activation within a month, which means that the protocol upgrade could be live within two.

At the same time, there is a very real risk that Bitcoin “splits.” Both BIP148 and SegWit2x could diverge from the current Bitcoin protocol, which could in turn lead to even more splits.

We will be issuing a statement prior to July 29th detailing how Independent Reserve aims to handle these events.

Click here to read the full article in Bitcoin Magazine

 

Bitcoin could nearly double and reach $5,000USD soon, says Standpoint Research

Stock research analyst Ronnie Moas said he bought bitcoin this weekend and thinks it could reach $5,000USD within a year.

“$5,000USD could happen in a few months. It’s only starting to gain traction right now,” Moas, founder of Standpoint Research, told CNBC in a phone interview Wednesday. “It’s starting to spread like wildfire right now.”

He pointed out that since only 21 million bitcoin can ever exist, increasing demand for the digital currency will naturally drive its price up.The research analyst’s view on Bitcoin joins the optimistic views of others on Wall Street. On Sunday, Goldman Sachs’ technical analyst Sheba Jafari said in a note that bitcoin could rise as high as $3,915USD.

“In the next 6 to 12 months you’re going to have a little bit of a hysteria,” Moas said. However, “this has a long, long way to go before it gets to bubble territory.”

Click here to read the full story on news.bitcoin.com

United Nations Sends Aid to 10,000 Syrian Refugees Using Ethereum Blockchain

One of the largest-ever implementations of the Ethereum Blockchain for a charitable cause has just concluded a successful trial.
 
Completed on 31st May, the project run by the United Nation’s World Food Programme (WFP) was designed to direct resources to thousands of Syrian refugees by giving them cryptocurrency-based vouchers that could be redeemed in participating markets.
 
Alexandra Alden, a WFP innovation accelerator consultant who helped oversee the implementation, told CoinDesk:
“All funds received by the refuges from WFP were specifically used to purchase food items such as olive oil, pasta and lentils.”
 
The WFP intends to expand the project to include 100,000 individuals in Jordan as soon as August. If that goes according to plan, the effort is set to grow to serve the entire Jordanian refugee population by the end of 2018.
Click here to read the full story coindesk.com

US State of Montana Shows Support for Bitcoin by Funding Local Bitcoin Miner With $416,000 Grant

As part of its efforts to boost local employment, the state has recently allocated public funds to help with a local Bitcoin mining firm project, according to the press release from the Office of Montana Governor, Steve Bullock. Bitcoin is perceived as a long-term opportunity for job seekers and Montana is one of the first states in the USA that officially supports the potential of it.

Click here to read more on cointelegraph.com

Vladimir Putin and Vitalik Buterin Discuss Ethereum ‘Opportunities’

The president of Russia briefly met with Ethereum inventor Vitalik Buterin during an event last week.

The meeting between Buterin and president Vladimir Putin occurred at the St. Petersburg International Economic Forum, which took place between 1st and 3rd June, following an address to a global group of chief executives.

According to the brief statement released on Friday by the Kremlin:

“Mr. Buterin described the opportunities for using the technologies he developed in Russia. The President supported the idea of establishing ties with possible Russian partners.”

Click here to read the full story on coindesk.com