Hidden Liabilities in the Bitmain IPO
Analysts warn that the prospectus conceals a concentrated exposure to Bitcoin Cash. Bitmain retains close to one million BCH. A forced liquidation at current prices would crystallise a loss that exceeds half a billion US dollars. Samson Mow, Blockstream Chief Strategy Officer, circulated a chart on 11 August 2018. The chart traces Bitmain's BTC balance […]
What is IOTA?
Bitcoin monopolised headlines and valuations, yet a lesser known cryptocurrency, IOTA, recently multiplied in price. One month ago, IOTA, a coin designed for Internet of Things transactions, traded at $0.35 and held a market valuation below one billion dollars. At 21:09 UTC on Wednesday, the price reached $4.17 and the total market capitalisation stood at […]
Casper - Ethereum's Latest Protocol Upgrade
Ethereum secures its ledger through a sequence of protocol upgrades. The most recent, Casper, replaces proof-of-work with proof-of-stake. Under Casper, validators lock ether into a deposit contract; they propose or attest to blocks. Each correct attestation earns ether. Each incorrect or absent attestation triggers a penalty that destroys part of the deposit. The protocol withholds […]
How to Keep Your IOTA Cryptocurrency Safe
IOTA operates as a distributed ledger built for sensor networks, industrial supply chains, patient records along with identity credentials. Speculators trade the native token, IOTA, on exchanges. Because the token carries market value, thieves have stolen it in the past. Owners must apply specific protective measures. The IOTA Foundation publishes Firefly, its official wallet. Firefly […]
Michael Saylor Resigns as MicroStrategy CEO After Bitcoin Losses
Michael Saylor, co founder of MicroStrategy and outspoken Bitcoin proponent, will leave the chief executive post. He will serve as executive chairman and devote his attention to Bitcoin acquisition and advocacy. Shares of the Tysons Corner software firm jumped 14.8 percent on 3 August after the announcement. MicroStrategy disclosed a $917 million impairment charge on […]