Bitcoin and blockchain seem more and more like solutions looking for a problem

#bitcoin and #blockchain seem more and more like solutions looking for a problem   #Residua…

  • What’s more, efforts to adapt blockchain tech to replace legacy financial systems by the world’s biggest banks seem to be hitting roadblocks.
  • The group told the Wall Street Journal that departures were to be expected, and the banks say they will continue to work on blockchain tech independently.
  • President-elect Donald Trump asserted Sunday that he would have won the US popular vote were it not for “millions of illegal” ballots, while dramatically sharpening his criticism of a recount in Wisconsin, calling it “a waste of time.
  • Honey G said her time on X Factor was ‘life-changing’.
  • Bitcoin and blockchain seem more and more like solutions looking for a problem

The bitcoin and blockchain world is in a bit of an investment slump. Venture money flowing into startups working on cryptocurrencies or the technical principles underpinning them, generally known as blockchain technology, is getting harder to come by, according to data from trade publication CoinDesk
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Venezuelans are turning to bitcoin as the bolívar crumbles

  • While NRA puts its money on Donald Trump, opponents pour cash Into state initiatives
  • Someone powerful at Toyota knows this, because for this year’s SEMA show, the carmaker cranked a Land Cruiser up to 2,000 horsepower.
  • Barring some unforeseen natural disaster, Ferrari will in all likelihood reveal its successor to the F12berlinetta early next year.
  • John Pinney, 25, allegedly hopped in the car of an officer who left her keys in the unlocked cruiser while on a coffee break on Halloween night, police said.
  • ISIL leader rallies militants in Mosul, reports say

Venezuela’s currency has lost so much of its value that people have given up on counting the notes—they just weigh piles of cash. So far this year, the bolívar has lost nearly half its value compared to the dollar, while inflation has shot up as much as 15 times. That’s according to best estimates, since
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Bitcoin exchanges can’t stop getting hacked, no matter what security system they use

#bitcoin exchanges cant stop getting hacked, no matter what security system they use

  • Bitcoin exchanges can’t stop getting hacked, no matter what security system they use
  • The history of bitcoin exchanges is Darwinian, marked by abrupt failures triggered by security breaches.
  • Under the new system, customer funds were separated and kept in individually labeled wallets for each customer.
  • If you run a big bitcoin exchange, it’s usually a question of when, not if, your defenses will be breached.
  • The exchange would credit and debit the appropriate funds from that wallet, which was under its control.

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@bitcoinagile: “#bitcoin exchanges cant stop getting hacked, no matter what security system they use”


The history of bitcoin is littered with spectacular digital heists. The $65 million heist at the Bitfinex exchange on Aug. 2 is just the latest in a series of virtual robberies. One thing that sets this episode apart is the fact that the exchange had come under regulatory scrutiny before, and changed


Bitcoin exchanges can’t stop getting hacked, no matter what security system they use

PayPal is warming up to bitcoin

@Paypal is slowly dipping its toes into #bitcoin waters

  • To find out new ways for PayPal to use bitcoin and blockchain technology.
  • While bitcoin and its underlying technology, blockchain, has caught Wall Street’s attention, consumer tech giants have largely stayed away from the technology until now.
  • Brits go to the polls today to vote on whether or not the UK should vote
  • More ” the 25-year-old entrepreneur made a fortune in the App Store – now he’s trying to fix the biggest
  • Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI) .

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@TradefairPlus: “@Paypal is slowly dipping its toes into #bitcoin waters”


‘PayPal is warming up to bitcoin’ on Yahoo Finance UK. The company has partnered with Coinbase, a virtual currency wallet and exchange, so Coinbase users can sell bitcoin.


PayPal is warming up to bitcoin