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Bitcoin is making fortunes for investors, but how long will it last

Bitcoin is making fortunes for investors, but how long will it last | wealth business & social media | Scoop.it
The price of Bitcoin rose by another $US500 this week after breaching $US5000 last week, making investors huge fortunes. But those who have seen their fair shar

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Bitcoin Scaling Project Segwit2x to Release New Code Tomorrow - Altcoin Today

Bitcoin Scaling Project Segwit2x to Release New Code Tomorrow - Altcoin Today | wealth business & social media | Scoop.it
Bitcoin Scaling Project Segwit2x to Release New Code Tomorrow Segwit2x, a controversial scaling proposal largely backed by the bitcoin network’s enterprises and miners, is moving ahead in adherence with its previously announced timeline. In an email yesterday, Bloq co-founder and Segwit2x lead developer Jeff Garzik confirmed to CoinDesk that new code is set to be released on Friday,…

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ICO Hype Attracts Investors but Also Skeptics and Regulators Worldwide - Bitcoin News

ICO Hype Attracts Investors but Also Skeptics and Regulators Worldwide - Bitcoin News | wealth business & social media | Scoop.it
The Initial Coin Offering ICO craze has been a crowd funding spectacle over the past two years gathering millions of dollars from investors. Lately, ICOs

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5 infographics that explain on year of blockchain news

5 infographics that explain on year of blockchain news | wealth business & social media | Scoop.it
Here’s a quick overview of a year’s worth of news about blockchains, databases that essentially make records more verifiable and permanent.

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Jan Miranda's curator insight, April 25, 2017 12:56 PM
If you work in finance or own any bitcoin, you likely already know about blockchain technology. But for those in neither category, here’s a quick overview of a year’s worth of news about blockchains, databases that essentially make records more verifiable and permanent.

Important developments: blockchain’s effect on mobile payments, trade finance, and augmented and virtual reality. 

The more surprising themes and developments: some countries see blockchain technology as a way to cut down on voting fraud, and others, like Australia, are starting to incorporate blockchain into peer-to-peer solar power exchanges.
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Why Corporations Love Ethereum

Why Corporations Love Ethereum | wealth business & social media | Scoop.it
Ethereum, the world's second most valuable cryptocurrency network after Bitcoin, recently fell victim to a sophisticated hack within one of its thir

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Jan Miranda's curator insight, July 7, 2016 11:50 PM
Why Corporations Love Ethereum.

Ethereum is a year old in the marketplace, and has already briefly flirted with a US $1.5 billion market valuation. Despite this crazy vote of confidence from the crypto market, the technology is still new. Bitcoin had many problems in its first couple years that required correction or tweaking; Bitcoin came into existence more than 7 years ago in January 2009. 

To a user who posted about Ethereum possibly being “over-engineered,” or too complex, Buterin popped in to offer his thoughts: “iPhones are incredibly over-engineered below the surface. It often takes a lot of complexity at the bottom and at middle layers in order to make the top look clean and shiny (though ethereum’s philosophy is certainly to favor complexity in the middle over complexity at the bottom wherever possible for consensus/security reasons).”
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BuyUCoin Review : Exchnage to Trade Multiple Crypto Currencies In India

BuyUCoin Review : Exchnage to Trade Multiple Crypto Currencies In India | wealth business & social media | Scoop.it
BuyUCoin offers a unique wallet, which lets the users perform trading (buying or selling) of 18 different types of tokens, altcoins and crypt

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Hashflare Review – Best Cloud Mining For Bitcoin, Ether, Dash and Zcash

Hashflare Review – Best Cloud Mining For Bitcoin, Ether, Dash and Zcash | wealth business & social media | Scoop.it
Hashflare is the best online cloud mining platform for crypto currencies like bitcoins. It is preferred by most of the experienced users on the basis of ROI

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A 2017 Collection of the Past Six Month's Dank Crypto-Memes - Bitcoin News

A 2017 Collection of the Past Six Month's Dank Crypto-Memes - Bitcoin News | wealth business & social media | Scoop.it

salina.williams13@gmail.com Alongside the year's record-breaking achievements, the cryptocurrency community has also seen the production of a vast array of dank memes giving us some


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Six Month's Dank
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Google just cracked one of the building blocks of web encryption (but don’t worry)

Google just cracked one of the building blocks of web encryption (but don’t worry) | wealth business & social media | Scoop.it
Let’s start from th

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Jan Miranda's curator insight, February 27, 2017 3:54 AM
Google publicly broke one of the major algorithms in web encryption, called SHA-1 (a hashing function). The company’s researchers showed that with enough computing power — roughly 110 years of computing from a single GPU for just one of the phases — you can produce a collision, effectively breaking the algorithm. We’ve known this was possible for a while, but nobody has done it, in part because of the possible fallout.
The good news is, almost no one is still using SHA-1, so you don’t need to rush out and install any patches. But today’s announcement is still a major power play from Google, with real implications for web security overall.

WHAT DO HASH FUNCTIONS ACTUALLY DO?
SHA-1 is a hashing function, which produces a digital fingerprint from a given file. That lets you verify a file’s integrity without exposing the entire file, simply by checking the hash.

Banks, Online Stores, Bitcoin, & Cryptocurrency
Banks & online stores use the hash functions to secure transactions.
Cryptocurrencies like Bitcoin and Ethereum continually evolve using the latest hash functions to encrypt blocks of transactions. Bitcoin uses SHA-256 and Ethereum uses Keccak-256.

WHY DOES IT MATTER?
In practical terms, a broken hash function could be used to break HTTPS, the encryption system that now protects more than half the web. If that system breaks, it would be easy for criminals to insert malware into web traffic from a compromised ISP or other network provider.

SHOULD I BE WORRIED?
Cryptographers have been predicting a collision (that SHA-1 would be broken) like this for years. Since 2005 its vulnerability was theorized. As of January 1st, every major browser will show you a big red warning when you visit a site secured by SHA-1.

WHY DID GOOGLE DO THIS?
Dropping SHA-1 took a lot of time and effort across the industry, and not everyone was eager to do it. The result has been a running fight over how fast make the switch — with Google’s Chrome Security Team providing one of the loudest voices for a faster transition. Chrome was forcing websites away from SHA-1 as early as 2014
Merry James's curator insight, June 30, 2017 2:18 AM