📰 News Darryn Pollock

Monero Blocks Bitmain’s Attempts to Monopolize its Mining With ASIC

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After threatening to combat Bitmain’s latest Monero ASIC miner, Monero has gone ahead with an update which will maintain the ASIC resistance
Monero Blocks Bitmain’s Attempts to Monopolize its Mining With ASIC

In a battle of cat and mouse, Monero has fired the latest shot at Bitmain after the ASIC mining hardware producer announced it would be releasing their new ASIC-powered Antminer X3 designed to mine Monero.

Monero has gone through with threats they laid out that were designed to prevent the new device from being effective.

The new Monero update, called Lithium Luna, is scheduled for April and the release document for the update states that it “slightly changes the proof-of-work algorithm to prevent DoS attacks by ASICs.”

Following through

When the Antminer X3 was added to the Bitmain site, there was an immediate reaction from the author of the Lithium Luna post, Monero lead Dev, Riccardo Spagni. He took to Twitter stating that “this WILL NOT work on Monero.”

It had always been their mandate to fight against any sort of ASIC take over when it came to mining, and back in February, in their blog, they posted as such. Essentially, it stated that they would actively counter any sort of ASIC mining equipment, and have now followed through with this latest update.

Steadfast in their charge

Monero is a cryptocurrency that prides itself on their privacy as well as their ASIC resistance, so much so that despite there being a potential for security risks, the update will go ahead in order to stop Bitmain’s mining influence.

Mining With ASIC

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Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

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Coinbase claims that this addition is an important step towards creating the leading cryptocurrency wallet on the market
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

Coinbase Wallet now allows its users to directly store Litecoin (LTC) in the app. Thus, the fifth biggest asset by market capitalization joins Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ethereum Classic (ETH) on the list of supported cryptocurrencies.
Litecoin (LTC) Now Supported by Coinbase Wallet, Users Ask to Add XRP

The rollout is coming in a few weeks

The blog post states that Coinbase Wallet users will be able to download an update with Litecoin support in a few weeks on the App Store or Google Play Store respectively. Litecoin support will be available from the get-go once the app is updated. You will simply have to choose the ‘Receive’ option on the main wallet page in order to deposit LTC to your wallet.

Coinbase keeps snubbing XRP

The announcement was flooded with tweets from users asking Coinbase to add XRP. Everyone’s favorite remittance and settlement token is nowhere to be found on the roster of supported digital coins.

However, XRP was added to Coinbase Custody in November 2018, so one shouldn’t exclude the possibility that the crypto behemoth will eventually fully embrace this asset.  

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Stellar Overtakes Tron for #8 Spot, ETH Price Prospects Looking Better

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After the recent reports of IBM partnering with Stellar, the price of XLM has spiked, letting the coin reclaim its #8 position on CMC, formerly conquered by Tron
Stellar Overtakes Tron for #8 Spot, ETH Price Prospects Looking Better

Recently, U.Today wrote that on the wave of reports of IBM partnering with Stellar, the price of XLM jumped over 35 percent and pushed out Tron from its #8 position on Coinmarketcap.

Stellar Overtakes Tron for #8 Spot, ETH Price Prospects Looking Better

Stellar vs. Tron

Users on social media and news outlets began to speculate that heading forward at this pace, XLM may grab the market of its rival, Ripple. However, that does not seem to be the case, since in 2018 Ripple managed to get itself over 200 banks as partners wishing to trial its RippleNet system, including Binance exchange.

Tron and Stellar have swapped places despite the aggressive advance of the former into the crypto space and its potential rollout into the gaming industry, when Tron signed a memo of understanding with several major game-makers of South Korea.

BitTorrent is helping to ‘drag’ Tron along the crypto field, and with BTT being actively added to various exchanges and launching a GRID X BitTorrent card, this slump of TRX to position #9 from #8 may well be temporary.

Besides, Tron is working on launching its own DEX, TronWatch, which should also add popularity to the platform itself and its coin.

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Ethereum shows bullish signs

ETH, the second currency by market cap, is beginning to show a stronger bullish trend upon spiking over 36 percent in February so far. On charts, the coin has gone above the key Moving Averages.

One of the major factors that is, as per analysts, pushing Ether upward is the upcoming Constantinople hard fork. It seems to be warming up market sentiment, getting investors to buy more in hopes of large returns in the near future.

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New Leaked Video Shows That Samsung Galaxy S10’s Blockchain Wallet Might Support Bitcoin (BTC) and Ethereum (ETH)

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Samsung has yet to officially confirm what specific cryptocurrencies Galaxy S10’s Blockchain wallet will support
New Leaked Video Shows That Samsung Galaxy S10’s Blockchain Wallet Might Support Bitcoin (BTC) and Ethereum (ETH)

Samsung didn’t say much about Galaxy S10’s Blockchain feature during the much-anticipated presentation. However, a new leaked video provides more insights into what cryptocurrency enthusiasts can expect from the top-of-the-line smartphone.

Very few details are available  

As U.Today reported earlier, Samsung was supposed to integrate a cryptocurrency wallet into its new flagship product Galaxy S10 (Blockchain Keystore was among three possible trade marks). Instead, the South Korean mobile giant debuted a functioin for private key storage that could be used for Blockchain-based mobile services. Hence, the prevsiosly leaked photos that allegedly depicted Galaxy S10 with a native crypto wallet that suppports BTC and ETH are most likely fake.

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Samsung Enters DLT Sphere but Denies Rumors of Crypto Wallet Launch on Galaxy S10
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The company didn’t confirm or deny what specific currencies the new flagship smartphone will support. They dedicated only one sentence to the whole topic during the Galaxy UNPACKED event that took place on Feb. 20.

Very few details are available

Blockchain tutorials for propelling the adoption  

The new leaked video with Blockchain tutorials has recenlty appeared online. While the legitimacy of this video can could be called into question, it vividly shows that the smartphone’s Blockchain wallet will indeed support two major currencies — BTC and ETH. We will get to know whether it’s true or not once the phone appears in stores on March 8.  

Blockchain tutorials for propelling the adoption  

 

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“Faketoshi” Tool by Albacore Labs Enables Anyone to Play Satoshi Nakamoto

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Due to the numerous self-proclaiming Satoshi Nakamotos appearing recently, a financial startup created an app that lets anyone become the real Bitcoin inventor
“Faketoshi” Tool by Albacore Labs Enables Anyone to Play Satoshi Nakamoto

From now on, anyone with some basic programming skills can issue proof that he is the genuine Bitcoin creator – startup Albacore Labs has made an app tool which lets one validate a signature by the genesis block, the first ever block mined on the Bitcoin chain.

“Faketoshi” Tool by Albacore Labs Enables Anyone to Play Satoshi Nakamoto

Oh yes, I'm the great pretender (ooh ooh)

Numerous Satoshi Nakamoto pretenders have emerged and disappeared over the last few years. The most prominent of them is perhaps Craig Wright, the public figure leading Bitcoin SV (Satoshi Vision) after the hard fork of Bitcoin Cash in November last year.

The other day, Mr. Wright brought up definitive evidence of him being the real Satoshi when he offered to swear an oath to the US Commodity Futures Trading Commission. This generous offer was taken by the community skeptically.

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Faketoshi line production

Recently, the team of the Albacore startup, which works in the business of improving financial transparency, has launched an app that allows anyone to link a message to the BTC genesis block. This way anyone who desires so can ‘prove’ they are the Satoshi Nakamoto.

The reps of the firm have publicly commented on their new product, saying that with the growing number of people trying to prove they are the Bitcoin maker, they have decided to help them with that.

“With everyone seemingly trying to prove they are Satoshi (looking at you Craig Wright and “Faketoshi twitter”), we’ve decided to make it easier for other people to make similar claims.”

This story goes back to 2016 when reporter Andrew O’Hagan spent several months together with Craig Wright, watching him tie a message to Satoshi Nakamoto’s address.

Now, using the new app, it is possible to create a signature and a message hash that will be validated against the address that created the BTC genesis block.

Faketoshi line production

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Facebook CEO Mulls Adding Blockchain to Store Customer Data, Warning Against Cons of Decentralization

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The head of the social media giant says he may introduce blockchain-powered storage for personal customer data
Facebook CEO Mulls Adding Blockchain to Store Customer Data, Warning Against Cons of Decentralization

On February 20, Facebook’s CEO visited a class of Harvard professor Jonathan Zittrain and spoke in front of his students. Among other things he spoke of was the possible implementation of DLT-based authorization of customer data.

Will Facebook integrate decentralization?

The discussion of the Facebook CEO and the professor revolved around the ways society and technology may develop in the future. In the course of the conversation, the company founder mentioned that Facebook may take part in the global trend of supporting decentralization.

He said that he and other people of his age were attracted to technologies, since they can give power and are not greatly decentralizing.

The CEO said he is eyeing introducing blockchain systems which would enable users to control their own data, letting them keep it on DLT systems and then to log into web services, avoiding services of middleman firms.

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Negative sides per Zuckerberg

The head of Facebook reckons that apart from positive sides, the open ledger technology has its technical difficulties which are possible to tackle, but there are moral cons too.

Facebook’s CEO assumes that there are ethical issues to the matter of blockchain. In his opinion, implementation of DLT systems can cause more abuse than there is now and that to solve those negative issues would be more of a hassle than those on conventional centralized systems.

Privacy vs. security

Zuckerberg pointed out that his company may start encrypting the personal messages of its users. He admitted how important it is for people to keep their messages private and secure.

He also said that the company must think about the safety of people in general – the Facebook team intends to do their best to prevent acts of terrorism, children abuse or recruiting, etc.

Facebook forays into DLT

Earlier in February, U.Today reported that Facebook had bought blockchain platform Chainspace, allegedly as part of their DLT integration.

Chainspace works to solve the scalability issues of blockchains though sharding and smart contracts.

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