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Showing posts from January, 2020

Developer Adds Improvements to the Bitcoin Cash Java Library

On January 30, the software developer Pokkst published a blog post sharing his experience of how he’s been maintaining the Java BCH library bitcoincashj for the last 10 months. At one time Pokkst used to develop BTC applications, but then switched to working with BCH in March 2019. The programmer explained how he put a lot of work into the bitcoincashj library after forking it from Mike Hearn’s original bitcoinj implementation. Also read: Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst Software Developer Pokkst Adds a Number of Improvements to the Bitcoincashj Java Library This week BCH supporters read a blog post from the developer Pokkst who explained he’s been working on the Java implementation for the Bitcoin Cash ( BCH ) protocol ( bitcoincashj ) over the last 10 months. Pokkst is a programmer who used to write applications for BTC but in March 2019 he switched to developing BCH applications. At the time, in a blog post called “ Why I’m ...
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Deutsche Bank Reports €5.3 Billion in Net Loss for 2019 as It Counts the Cost of Restructuring

A year of reorganization has left its mark on Germany’s leading financial institution. Deutsche Bank revealed this week it suffered significant losses in the last quarter and all of 2019. The banking giant claims that the damage is “entirely driven by transformation-related effects” such as compensation for sacked employees and devalued assets. Also read: US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector New Strategy is Gaining Traction, CEO Says In a report published Thursday, Deutsche Bank announced a pre-tax loss of €2.6 billion (over $2.85 billion) and explained it had to absorb transformation charges of €1.1 billion, goodwill impairments of €1 billion as well as restructuring and severance expenses of €805 million. The bank’s net loss for 2019 amounts to the staggering €5.3 billion (almost $5.85 billion). The figure includes transformation-related deferred tax asset valuation adjustments of €2.8 billion. In Q4, Deutsche Bank had a ...
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Google Executive From India Joins Coinbase as Chief Product Officer

A Google executive from India has joined Coinbase as the new chief product officer after 11 years at Google. He aims to help Coinbase make cryptocurrency mainstream. “I am excited about what crypto and blockchain technology can do to democratize our financial systems,” the executive said, citing his experience growing up in India and the trauma of demonetization. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces on Digital Currencies From Google and Flipkart to Coinbase Coinbase co-founder and CEO Brian Armstrong announced on Wednesday that Surojit Chatterjee is joining the company as the new chief product officer. He is leaving his position as Vice President of Product at Google, where he led Google Shopping, which helps people discover and compare products on the internet giant’s website. He was also a founding member of Google’s mobile search ads product. Prior to joining Google, Chatterjee was the Head of Product at Flipkart, a popular Indian e-c...
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US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector

Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius Baer Offers New Digital Asset Services With Licensed Crypto Bank SEBA Silvergate Bank Adds 48 Crypto Customers in Q4 Last year saw a reversal of the crypto market downturn but the cryptoconomy hasn’t fully recovered yet. Although the growing regulatory clarity in the developed world, and hopefully restored interest in decentralized money can potentially increase turnovers in the near future, the recovery may take longer. Luckily, there’s a number of financial institutions willing to support the crypto sector. Several of these banks operate in the U.S. and this week one of them, Silvergate Bank , published its Q4 and ful...
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Cashfusion Far More Practical Than Other Coinjoin Protocols, Says Data Analyst

On January 29, data analyst James Waugh decided to test and see if the Cashfusion protocol was really anonymous. After testing Cashfusion, Waugh explained he sifted through a number of transaction inputs and outputs and realized that it’s “not possible to establish a concrete link” between them. Also read: How to Obscure Bitcoin Cash Transaction Data by Leveraging Cashfusion Cashfusion Tests Prove the Protocol’s Anonymity Set Is Greater Than Traditional Coinjoin Transactions This week Bitcoin Cash supporters were pleased to see that Cashfusion passed rigorous testing when data analyst James Waugh decided to comb through a slew of Cashfusion transaction inputs and outputs. Following the experimentation, Waugh wrote a blog post on Medium called “Is Cashfusion Really Anonymous?” “A newer Coinjoin protocol called Cashfusion doesn’t enforce the requirement of equal payment amounts and instead purports anonymity due to the high number of participants in a transaction,” Waugh said. The d...
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Trustverse Token Is Now Listed for Trading on Bitcoin.com Exchange and Users Can Win 1 Million TRV

The Bitcoin.com Exchange continues to rapidly expand its offerings. The latest asset to join it is the Trustverse token, which is now listed for trading on Bitcoin.com’s premier trading platform. To promote the success of the new listing, Trustverse is conducting a giveaway of 1 million TRV tokens. Also Read: You Can Now Buy Cryptocurrency With Credit Card on Bitcoin.com Exchange Bitcoin.com Exchange Lists Trustverse Token Bitcoin.com Exchange has listed the Trustverse token for trading (TRV/ BCH ) on January 28, 2020. This AI-powered blockchain-based platform strives to create an “invest and relax” experience where investors can obtain the information they need in a comprehensible manner to make informed decisions. Ultimately the project aims to build a universe of trust, hence the name. To achieve this goal, they have integrated a variety of services into the platform, which are all named after planets in the solar system. Jupiter is their Digital Asset Analytics service that...
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Zcash Community Votes to Distribute 20% of Mining Rewards to Infrastructure Development

The Electric Coin Company, a group that supports the development of Zcash (ZEC), announced the community has voted to distribute 20% of the ZEC network’s mining rewards to infrastructure and marketing development. The ZEC development funding proposal was initiated because the coin’s Founder’s Reward expires in November and after block 1,046,400, ZEC miners will only get 80% of the block subsidy. Also read: Bitcoin.com Update: Dev Fund Proposal ‘Will Not Go Through’ Without More Agreement Zcash Community Votes to Allocate 20% of the Block Rewards to the Zcash Foundation, Electric Coin Company, and Grants Zcash is a digital currency that was released on October 28, 2016, and the project aims to enhance a ZEC user’s privacy. Similarly to BTC , zcash has a fixed supply of 21 million units but the currency also offers zero-knowledge proof transactions. While some ZEC transactions can be transparent, others can be “shielded” using a cryptographic element called zk-SNARKs . Last August, ...
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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way for users to earn passive income. Also read: Hearing Concluded — Indian Supreme Court Reserves Judgment on Crypto vs RBI Case Zebpay Returning to India Zebpay, formerly one of the largest cryptocurrency exchanges in India, announced on Wednesday that it will be relaunching in its home country. “Zebpay is back,” the company wrote, adding: A new leadership team, crypto-crypto trading, no-fee trading on select pairs, an upgraded focus on security and innovation, and a passive income and borrowing program on the horizon. The exchange’s CEO is Rahul Pagidipati, the announcement continues. “With a new CFO, CMO, and Chief Strategy Officer, we’ve got a new vision to...
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How To Start Using Bitcoin: Buying, Storing, and Spending Crypto for a Total Newb

For the already initiated, there is a little spoken of land outside of crypto world where legions of normal people hear about Bitcoin and are interested, but don’t know where to begin. This is a problem considering the creator of Bitcoin, Satoshi Nakamoto, designed it as a peer-to-peer electronic cash system for anyone to use. Now that Bitcoin is in the news daily, and businesses and banks around the world are adopting the tech that supports it, it seems high time to better assist those interested in diving in. Also Read: How Is Bitcoin Cash Different From Bitcoin Core? What Is a Bitcoin? With well over 5,000 different cryptocurrencies currently in existence, someone new to the scene might understandably be taken aback or even put off by the overwhelming amount of info surrounding digital assets. Luckily, the most popular cryptos aren’t so numerous, and the one that started it all, Bitcoin, is the focus of this article. A breakdown of what Bitcoin is in simplest terms can be foun...
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