Are Startups Better Off Hiding the Fact They’re Using Bitcoin?
One of the main issues that has held back the adoption of Bitcoin as a network for value transfer on the Internet is that it’s too difficult for the average person to figure out how to use it. With long strings of characters for Bitcoin addresses and volatility risk associated with holding the digital currency (among other issues), the lack of adoption....
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Research suggests that while the U.K. may be behind the U.S. with the number of blockchain startups, it leads the way in diversity compared to any other country. The world’s first blockchain startup tracker was introduced by Outlier Ventures in May of this year. Its aim was to provide a comprehensive overview of the various projects and information regarding the nearly 1,000 blockchain startups across the globe. Interestingly, while many may think that the U.K. has the highest number of blockchain startups, it is, in fact the U.S. According to Outlier Ventures blockchain tracker, it found....
#sorrynotsorry. For years, tech startups sprung up on a daily basis, "revolutionizing" messaging, photo sharing, taxis, damn near everything. Dominant providers were swapped out for new intermediaries who took a cut, new underdogs turned into the new winners. Even bitcoin, a payment service meant to remove third parties from online transactions, fell into the trap whereby too many startups emerged all focusing on the same thing. In their hurry to build a buzzword-based product investors could throw money at, they missed that they were becoming the new intermediaries they meant to....
The disgraced founders of Three Arrows Capital spoke comprehensively about the catastrophic failure of their once-flying hedge fund after five weeks of hiding out. They said that they had received threats to their lives, which is why they remained under the radar. Bloomberg reported on Friday that Su Zhu and Kyle Davies, both 35 years […]
A new report unveiled a growing trend of efforts from cybercriminals hiding their stolen cryptocurrencies through different transaction flows. Crystal Blockchain pointed out that since 2019, the volume of stolen bitcoin grew significantly. Only 8% of the Funds Were Transferred to Exchanges With Verification Procedures in 2020 Per the findings, in 2020, the firm said that cybercriminals attempted to withdraw stolen and scam-sourced digital assets at a rate of 13x faster than five years ago. Interestingly, in 53% of the cases, exchanges with verification requirements were the major....
Blockchains have a problem — they’re growing too fast. Not in the sense that they’re been adopted too quickly or that they’re becoming increasingly useful, but in the literal sense — they are simply getting larger in terms of their digital footprint. As a complete archive of all the transactions that have ever taken place on […]