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The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

January 13, 2019 |

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

In today’s edition of The Daily, we feature a couple of stories that show how, despite the current downturn in the cryptocurrency markets, different locations in the U.S. are competing to attract the industry. We also cover a new bitcoin investment trust application with the SEC and a rebranding of a crypto exchange.

Also Read: Bitwise Asset Management Files With SEC for New Bitcoin ETF

NYC to Launch Blockchain Center

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsThe New York City Economic Development Corporation has announced it has selected Future\Perfect Labs and Global Blockchain Business Council Future to launch and operate the NYC Blockchain Center meant to help foster the continued growth of the local industry.

The center will be located in the Chelsea neighborhood where it will provide entrepreneurs with a working shared space, business support, and access to mentors. It will also provide access to public education resources about blockchain technology to all New Yorkers. Additionally, the center is said to bring together industry, government, investors, innovators and academia to discuss how the city can foster a regulatory environment that will support both consumer safety and innovation in blockchain.

“We are seeing increasing startup activity amongst our students in the blockchain and crypto sectors across NYU. We are excited about the addition of the NYC Blockchain Center to the NYC tech ecosystem and look forward to collaborating,” commented Frank Rimalovski, Executive Director at NYU Entrepreneurial Institute.

Wyoming Advances Industry-Friendly Bills

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsThe State of Wyoming is continuing to advance the creation of a local legal framework meant to attract crypto businesses. In recent days, members of the State Legislature have reportedly passed two new industry-friendly bills, a critical part of the process of enacting them as law.

The Wyoming Utility Token Act-property amendments bill is meant for legally establishing that certain tokens are properly classified as intangible personal property under Wyoming law and, therefore, do not require an exemption from securities laws. The Financial Technology Sandbox Act is meant for creating a legal sandbox for the testing of financial products and services in Wyoming.

The bill notes that: “The state of Wyoming currently offers one of the best business environments in the United States for blockchain and financial technology innovators, and should offer a regulatory sandbox for these innovators to develop the next generation of financial technology products and services in Wyoming.”

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills

New Bitcoin Investment Trust Seeks SEC Approval

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsWilshire Phoenix is an investment management firm from New York which partnered with Coinbase a few months ago to establish a $ 500 million fund meant to offer institutional investors exposure to digital assets.

On Friday, the company announced, as the sponsor of the United States Bitcoin and Treasury Investment Trust, that the trust has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of its common shares.

According to the announcement, the purpose of this trust is to seek to provide investors with exposure to Bitcoin in a manner that is more efficient, convenient and less volatile than purchasing stand-alone Bitcoin. The trust will only hold BTC, short-term duration U.S. Treasury Bills and/or dollars, in proportions that seek to closely replicate the exposure of a custom index to Bitcoin.

HBUS Cryptocurrency Exchange Rebranded as Huobi

The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly BillsHuobi Group has announced that HBUS, its American strategic partner which launched in San Francisco last year, has licensed its brand and rebranded the digital asset marketplace with the Huobi name. “From a branding perspective, it simply makes sense to ensure that the Huobi name is present in the United States,” said Huobi Group Founder and CEO Leon Li. “This transition will allow Huobi to extend its brand presence around the globe.”

HBUS Holdco Inc. will continue to be the company operating the U.S. trading platform but it will migrate its trading platform to huobi.com, which will be open to U.S. users. Huobi Global will continue to serve the international market under its own name at hbg.com.

“The name ‘Huobi’ is a powerful brand in the digital asset world, representing dependability and security for more than half a decade. HBUS’s enhanced partnership with Huobi Group will also bring with it a reputable brand that will help HBUS increase trading,” said Frank Fu, CEO of HBUS. “Leveraging our exclusive partnership with Huobi Group in this way will allow us to grow the Huobi brand together.”

What do you think about today’s news tidbits? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: NYC to Launch Blockchain Center, Wyoming Advances Industry-Friendly Bills appeared first on Bitcoin News.

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Israeli Exchange to Launch Crypto Payments API Service for Local Businesses

December 30, 2018 |

Israeli Exchange to Launch Crypto Payments API Service for Local Businesses

There is a new option on the way for Israeli companies that wish to accept orders from cryptocurrency users while they keep managing their books in fiat. A local bitcoin exchange, Bits of Gold, is launching an API service for regulated crypto payments.

Also Read: Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights Activist

New Tools for Israeli Businesses

Israeli Exchange to Launch Crypto Payments API Service for Local BusinessesTel Aviv-based cryptocurrency exchange Bits of Gold has developed an application program interface (API) service meant to enable companies to accept payments in crypto and receive the value in Israeli shekels or U.S. dollars. The exchange has also developed a complimentary service that allows businesses to get paid in shekels and receive the value in cryptocurrency.

The trading venue expressed hope that the new service will allow more companies to enter the field and thus expand the payment options for Israeli crypto users. The exchange also plans to soon launch cash registers that will enable retailers to accept crypto payments as well. And the company will also begin offering a Bitcoin clearing service for businesses in the second quarter of 2019, Bits of Gold CEO Youval Rouach told the local Globes  newspaper.

“Crypto transfers are not a complicated matter but the regulatory demands, which include identifying the client, make it complicated,” explained Bits of Gold VP Tomer Niv. “Our service allows to use Bitcoin and comply with the rules of the regulator, without developing a vast payments system for each business.”

The Crypto Situation in Israel in 2018

Israeli Exchange to Launch Crypto Payments API Service for Local BusinessesWhile the number of individual investors who entered the market declined, the number of companies that use Bits of Gold’s services remained quite stable in 2018, according to its CEO. And the exchange also continued to grow during the year, hiring more software developers and costumer service personnel, reaching a total staff of 21 people. However, the company also gave up on plans for buying another bitcoin ATM as well as offering clients an option to trade on a combined basket of top cryptocurrencies.

The CEO of the Israeli exchange thinks that the local securities and anti-money laundering authorities are doing a good job with regards to developing rules for the field, even making Israel an international leader in terms of crypto regulation. However, he notes that as long as the Bank of Israel doesn’t make a clear stand on the matter, commercial banks will continue to make it hard on the industry.

A recent report revealed that only 5 percent of the people in Israel invested in or used digital coins in 2018. Moreover, a total of 44 percent of Israelis say they either don’t know what Bitcoin is or just don’t understand the concept. In contrast, 42 percent of the people have reported using the direct money transfer apps that the big banks in Israel have been pushing hard over the last year in an attempt to stay relevant in the digital age.

Is the crypto industry in Israel going to recover in 2019? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Israeli Exchange to Launch Crypto Payments API Service for Local Businesses appeared first on Bitcoin News.

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PR: ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash

December 28, 2018 |

ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

December 28th, 2018
Bitcoin.com
ACD Inc

Bitcoin.com CEO Roger Ver has announced a strategic partnership within the cryptocurrency space between his company and the Tokyo-based ACD Inc (funded by ANA Holdings).

Based on this alliance, ACD’s token will be launched on the Bitcoin Cash network as a BCH token. As early as spring 2019, ACD will provide consumers with various services on this Bitcoin Cash Platform, including the ability to purchase authentic Japanese goods through their online store.

After extensive research and testing, ACD and Bitcoin.com jointly advocate Bitcoin Cash as the cryptocurrency that offers the most benefit to both consumers and businesses across the world due to its cheap, fast, and reliable payments. The partnership will begin with ACD accepting Bitcoin Cash payments from their customers. Many additional use cases will be announced in the coming months, including details for the ACD token that will be based on Bitcoin Cash Platform.

Mr. Yasuhiro Sonoda, CEO of ACD said, “After extensive research into different cryptocurrencies on the market, ACD chose to implement Bitcoin Cash as a new payment method. This will benefit our customers by offering fast, cheap and reliable worldwide transactions for both online and offline payments.”

Roger Ver, CEO of Bitcoin.com said, “I’m honoured to be a part of this exciting partnership between ACD and Bitcoin Cash! Worldwide money is a natural fit for a worldwide airline.”

Bitcoin Cash is a peer to peer electronic cash system that allows anyone to pay from anywhere in the world instantly, basically for free, and with no risk of chargebacks, payment denials or reversals. It is a natural fit for any global business like ACD, and their decision to adopt Bitcoin Cash payments sets them ahead of competitors by providing customers with an innovative new way to pay.

Media Inquiries:
Mr. Kota Morimoto
ACD Inc
morimoto@a-cd.co.jp
+81-(0)3-5657-1505

Mickey Amami
Bitcoin.com
mickey@bitcoin.com
+81-(0)3-6450-5136

Supporting Link
https://www.a-cd.co.jp/corporate_en/

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: ACD and Bitcoin.com Have Teamed up to Launch Payments With Bitcoin Cash appeared first on Bitcoin News.

Bitcoin News

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced

December 26, 2018 |

The Daily: Mimblewimble Coins, New Remittance Platform, Restructuring Giants

With the New Year around the corner, startups as well as established players in the cryptocurrency industry have announced plans for new products and services. In The Daily today we cover the upcoming premieres of two Mimblewimble-based coins, the planned launch of a low-fee, crypto-based remittance service in Asia, and the intentions of two leading Chinese crypto companies to focus on core business activities.

Also read: BTCP Bug Exploited by ‘Bad Actor’, Binance Lists New Pairs

Customizable Privacy Coins Coming Soon

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform AnnouncedTwo crypto projects using Mimblewimble, a protocol designed to increase privacy and scalability, have announced the upcoming premieres of their new coins. The Mimblewimble concept was introduced back in 2016 and is now ready to be implemented at the beginning of 2019. Challenges during the development of the two cryptocurrencies have postponed both launches.

A startup called Beam is preparing to issue what has been described as the first Mimblewimble-based cryptocurrency on Jan. 3, after earlier reports that it would go live by the end of this month. Beam has been developed as a privacy-oriented crypto, but according to its creators it will be highly customizable, unlike other offerings in that niche.

“Lack of transaction confidentiality and poor scalability are some of the major issues that hinder crypto adoption,” Beam’s CEO Alexander Zaidelson told Distributed. The company will offer users the ability to set the privacy level for their transactions so that they can still report them to tax authorities, for example.

Another blockchain project based on the Mimblewimble protocol, Grin, was announced even earlier than Beam. However, its coin is now scheduled to launch on Jan. 15, 2019, to become the second Mimblewimble-based cryptocurrency.

Remittance Platform to Use Crypto Conversion

Atom Solutions, a Japan-based fintech company, is planning to launch its new remittance service on March 1, 2019. The platform uses a crypto wallet system that provides an alternative to traditional channels such as those based on the banking network Swift, which can be quite expensive and in some cases very slow.

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced

Initially, the service will be available to users who want to send money between South Korea and the Philippines. However, the Japanese startup plans to expand the coverage to include at least 10 countries by the end of next year.

Atom Solutions promises low exchange rates and fees for fiat transfers thanks to using cryptocurrency conversion, but also addresses the issue with volatility that concerns crypto remittances by providing fast exchange through its wallet. The company has developed a system that quickly exchanges the fiat amount a user wants to send into cryptocurrency and then again into local fiat for the receiver.

Chinese Crypto Giants Focus on Core Businesses

The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform AnnouncedTwo leading cryptocurrency companies with Chinese roots have announced plans to optimize their operations and focus on core business activities. The news comes at the end of a bearish year that saw digital asset markets losing billions of dollars in capitalization compared to the all-time highs of late 2017.

Bitmain Technology, the world’s leading producer of bitcoin mining equipment, has confirmed recent reports regarding planned job cuts that first spread on Chinese social media. In a statement quoted by the South China Morning Post, the Beijing-based company said it’s undergoing “some adjustment to our staff this year.” Emphasizing that it’s continuing to build a sustainable business, Bitmain denied rumors that it will lay off half of its employees. The company explained:

A part of that is having to really focus on things that are core to that mission and not things that are auxiliary. As we move into the new year, we will continue to double down on hiring the best talent from a diverse range of backgrounds.

In a similar announcement, the operator of Huobi, currently the third largest crypto exchange by daily trading volume, said it’s working to optimize staffing. The Chinese Huobi Group intends to do so by laying off its “worst-performing employees.” A spokesperson for the company noted however that the Singapore-based exchange is still hiring people for its core businesses and emerging markets.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock, Beam, Atom Solutions.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced appeared first on Bitcoin News.

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Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019

December 6, 2018 |

Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019

Joseph Christinat, the vice president of Nasdaq’s media team, has confirmed that the exchange will soon launch bitcoin futures. In a recent interview with a newspaper in the U.K., Christinat revealed that the platform plans to start offering bitcoin futures contracts within the first half of 2019.

Also Read: Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

Nasdaq Waiting for ‘Go-Ahead’ From CFTC

Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019Christinat told the Daily Express that the world’s second-largest stock exchange by market capitalization expects to launch bitcoin futures trading in the first six months of the coming year.

“Bitcoin Futures will be listed and it should launch in the first half of next year,” Christinat said, adding that Nasdaq is currently “waiting for the go-ahead” from the U.S. Commodity Futures Trading Commission (CFTC). “There’s been enough work put into this to make that academic. We’ve seen plenty of speculation and rumors about what we might be doing … so, here you go — we’re doing this, and it’s happening.”

Exchange Unfazed by Cryptocurrency Bear Market

Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019Christinat claimed that Nasdaq remains committed to ensuring the launch of bitcoin futures, emphasizing the company’s long-term perspective on the cryptocurrency industry.

“We got into the blockchain game five years ago,” Christinat stated. “When the technology first popped up we just leant out of the window and shouted ‘hey come over here’ right at it.”

Christinat also said Nasdaq has devoted a significant amount of resources toward launching bitcoin futures. “We’ve put a hell of a lot of money and energy into delivering the ability to do this and we’ve been all over it for a long time — way before the market went into turmoil, and that will not affect the timing of this in any way. No. Period. We’re doing this no matter what.”

Do you think we will see the launch of Nasdaq’s bitcoin futures before the second half of 2019? Share your thoughts in the comments section below.


Images courtesy of Shutterstock


The Bitcoin universe is vast. So is Bitcoin.com. Check our Wiki, where you can learn everything you were afraid to ask. Or read our news coverage to stay up to date on the latest. Or delve into statistics on our helpful tools page.

The post Nasdaq Confirms Plans to Launch Bitcoin Futures in First Half of 2019 appeared first on Bitcoin News.

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Chinese Government-Backed Company to Launch Stablecoin by February

December 4, 2018 |

Grandshores Technology Group is a public company affiliated with a 10 billion yuan ($ 1.5 billion) fund backed by the government of Hangzhou, the capital of China’s Zhejiang Province. It is known to be developing a new stablecoin, which is now expected to hit the market by February 2019.

Also Read: Paxful Completes Second School in Rwanda #BuiltWithBitcoin

Bitcoin Evangelist to Create Stablecoin

Chinese Government-Backed Company to Launch Stablecoin by FebruaryThe board of directors at Grandshores Technology notified investors on Monday that Li Xiaolai has been appointed as executive director and co-CEO of the company. Known in China as a “bitcoin evangelist,” Li is said to be an experienced investor in numerous blockchain companies, including the Grand Shores Global Blockchain Ten-Billion Innovation Fund, which he helped to establish, and Inblockchain, which he also co-founded.

In its announcement, the board of Grandshores Technology explained that Li will mainly be responsible for various blockchain-related projects in which the company is involved, including the establishment of a “stable digital currency system focusing on mainstream international currencies.” This refers to a yen-pegged stablecoin that Grandshores Technology plans to launch by February 2019, sources close to the company told the South China Morning Post.

It is not clear why the company has chosen to focus on the Japanese currency rather than the Chinese yuan. However, it may have chosen the yen to avoid irking the Chinese central government, which might not be too happy to see a local government indirectly financing a yuan-pegged stablecoin.

From Construction to Blockchain

Chinese Government-Backed Company to Launch Stablecoin by FebruaryOfficially incorporated in the Cayman Islands, headquartered in Singapore, and listed on the Hong Kong Stock Exchange, Grandshores Technology mainly handles building and construction projects for government agencies. It focuses on the maintenance and installation of mechanical and electrical systems, including minor repairs.

In May of this year, the company announced that it had decided to expand into the blockchain business. It boasted about its electrical engineering capabilities from the construction of data centers, alluding that it was ideally suited to move into cryptocurrency mining. The company was formerly known as SHIS Ltd., but it changed its name to Grandshores Technology in August of this year.

Is there really a need for so many new stablecoins? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post Chinese Government-Backed Company to Launch Stablecoin by February appeared first on Bitcoin News.

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SpaceX launch shows ‘steady stream’ of small-satellite customers

December 1, 2018 |

For the first time, dozens of small satellites will ride atop a SpaceX rocket, as a Falcon 9 is scheduled to blast into orbit Sunday.

The 64 tiny satellites range from one built by a Florida middle school to measure the viability of thawed bacteria to a Honeywell Aerospace demonstrator that will…


L.A. Times – Business

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

November 23, 2018 |

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta

In this edition of the Daily, we look at Bitpay’s decision to add the U.S. dollar-pegged PAX token to its list of settlement currencies. We also cover a couple of recent announcements in the crypto industry. Waves is preparing to launch a regulated exchange in Malta and bitcoin mining giant Bitfury is planning to establish a startup accelerator in Russia.

Also read: Binance Adds KYC, Bitcoin Businesses Block Gab

Bitpay Offers Paxos Standard as Settlement Option

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaCrypto payment processor Bitpay has introduced support for another regulated stablecoin. Paxos standard (PAX) is now among the cryptocurrencies that are available for merchant settlements, along with the recently added gemini dollar (GUSD) and Circle’s USD coin (USDC). The other two cryptocurrencies accepted by Bitpay are bitcoin cash (BCH) and bitcoin core (BTC). The platform also supports seven fiat currencies, including the U.S. dollar, the euro and the British pound.

“The paxos standard token (PAX) is now integrated with Bitpay as a settlement option for Bitpay merchants,” the crypto startup announced in a press release this week. “Paxos standard gives financial markets the power to transact in a fully USD-backed asset with the benefits of blockchain technology and oversight from financial regulators,” added Charles Cascarilla, CEO and co-founder of Paxos.

PAX is one of several stablecoins backed 1-to-1 with the U.S. dollar that have been launched recently. In September, the New York State Department of Financial Services authorized Gemini Trust and Paxos Trust to issue digital coins pegged to the greenback. Later the same month, U.S.-based Circle launched its own stablecoin, USDC, in collaboration with open-source consortium Centre.

Tokenomica to Trade Digital and Fiat Currencies

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaWaves has announced the upcoming launch of a new cryptocurrency trading platform based in Malta. The Tokenomica exchange will support trading pairs with both digital assets and fiat currencies. The new entity will be regulated under the Maltese Virtual Financial Assets Act. According to its team, the ability to operate in the regulated environment of “Blockchain Island” is a serious advantage.

Representatives of the crypto startup told Forklog that before listing a new coin, Tokenomica will conduct a thorough inspection of the virtual asset and analyze other products and services offered by its issuer. Technical, marketing and business criteria will be applied during the review process. The exchange is already accepting requests for new listings.

According to its developers, Tokenomica is the first element of a planned global financial platform that will allow companies to issue tokenized stocks and bonds, as well as other digital financial instruments. The new platform will meet all regulatory requirements, including know-your-customer and anti-money laundering rules, promised Alexander Ivanov, founder and chief executive of Waves.

Bitfury Supports Startup Accelerator in Russia

The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in MaltaBitfury Group, one of the largest mining companies and hardware manufacturers outside China, plans to establish an accelerator for Russian crypto and blockchain startups. The project is part of a strategic partnership agreement with Plekhanov University of Economics, the oldest business school in the country, and is backed by the Russian Ministry of Digital Development, Communications and Mass Media.

Under the agreement, the partners will develop a program to support promising new companies in the cryptocurrency sector and conduct educational courses to train experts for the nascent industry. “The development of the digital economy and blockchain technologies is impossible without high-quality education and training,” said Dmitry Ufaev, head of Russian operations at Bitfury.

The global company, which has offices in San Francisco, London, Amsterdam and Hong Kong, recently closed an $ 80 million private placement funding round. Media reports have suggested that it may become the next bitcoin mining giant to conduct an initial public offering. In Russia, Bitfury is also supporting a professional course for legal experts working with cryptocurrency businesses.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we.

The post The Daily: Bitpay Adds Another Stablecoin, Waves to Launch Exchange in Malta appeared first on Bitcoin News.

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Ex-Gangster Shot Dead Leaving Book Launch

November 21, 2018 |

Nedim Yasar produced a memoir about leaving a life of crime behind—and was killed as he left the launch for that book. The 31-year-old ex-gangster was shot twice as he left the event in Copenhagen on Monday, a day before Roots: A Gangster’s Way Out was released, the BBC…
Newser

Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

November 19, 2018 |

Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

On Nov. 18, a few days after the Bitcoin Cash (BCH) fork, Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang. Pacia and contributors have detailed that it’s been over two months since the Bchd client was forked from Btcd reference code and so far the new library has seen a “large amount of development.”

Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails

The Bitcoin Cash Bchd Library  

Bitcoin Cash Developers Launch Beta Version of Bchd Client Written in GolangThe Bitcoin Cash community has been introduced to a full node client written in the Golang (Go) programming language called Bchd. The new Golang implementation was originally built by Chris Pacia, the developer of the peer-to-peer marketplace Openbazaar. However, nine other developers stepped up and helped the programmer finish the beta release. Bchd is a fork of the Btcd protocol library and the client’s contributors have explained they waited until after the Nov. 15 fork to release the beta version. Even so, the developers ran the Bchd client throughout the upgrade and detailed that the implementation “operated incredibly smooth right through the fork.”

“We’ve implemented all four of the Bitcoin Cash hard forks and removed a major soft fork (Segwit) from the codebase — This release contains a number of features and improvements over Btcd including a UTXO memory cache, prune mode, and BIP159 Node_Network_Limited to allow pruned nodes to offer blockchain services to the network,” explained the Bchd beta launch announcement.

There are a bunch of benefits to the Bchd client as it can be pruned and still service Simplified Payment Verification (SPV) clients. In fact, Bchd is the only library that supports BIP157/158 NODE_CF, which maintains a compact filter index for SPV clients. “This allows developers to build a new type of P2P SPV wallet that uses client-side filtering to provide SPV users with unmatched privacy,” detailed the Bchd development team.

The Bchd developers continued:

To that end we’ve also ported the Neutrino wallet backend to BCH so we actually have an SPV wallet that makes use of this functionality — At present it’s the most private SPV codebase on the market — There really isn’t a close second in terms of privacy.

The Bchd Package Contains Three Interconnected Protocols

Bitcoin Cash Developers Launch Beta Version of Bchd Client Written in GolangThe news also follows another Golang BCH implementation written by the creators of the Counterparty.cash protocol. The Gocoin-cash protocol is a port of the BTC software originally written by Piotr Narewski. Further, another developer recently announced a BCH library written in the programming language Rust on Nov. 5. The Bitcoin Cash network now has a wide variety of full node client implementations in various programming languages.

The Bchd beta version package consists three pieces of software: Bchd, the Bchd wallet, and Bchctl. The Bchd implementation does not have a native wallet like traditional C++ implementations do. Meanwhile, Bchctl is a command line interface so users can control the Bchd node and wallet. In addition to this, the binaries are available in many options including Solaris, Plan 9, and BSD operating systems. “Please keep in mind this is beta software and probably not ready for production usage, though it is in pretty good shape right now,” the Bchd development team concluded.

What do you think about the Bchd client for the Bitcoin Cash network? Let us know what you think about this subject in the comments section below.


Images via Pixabay, Bchd, Shutterstock, and the Gopher Golang logo. 


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