Bitcoin 

Scientist Mines Bitcoin on Computer Model Used by Apollo Missions

An American computer scientist has managed to mine Bitcoin (BTC) on a 52-year-old Apollo Guidance Computer (AGC), British tech media outlet IT Pro reports on July 9. Ken Shirriff, a specialist in reverse engineering, has reportedly worked out a code that enabled him to mine Bitcoin on one of the first integrated circuit-based computers that were used to navigate the first moon landings by the National Aeronautics and Space Administration (NASA) in the 1960s. As Shirriff wrote on his personal website, the machine on which he managed to integrate Bitcoin…

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Cryptocurrency 

New York State as a “Tough” Model of Crypto Regulation

Recently the New York Department of Financial Services (NYDFS) grant statewide virtual currency licenses to two applicants: stock trading service Robinhood and cryptocurrency ATM operator LibertyX. The state’s regulatory regime, commonly known as BitLicense, imposes a set of strict disclosure and consumer-protection requirements on any business that offers cryptocurrency-related services to New York residents. Since the framework was introduced in 2015, only a handful of companies had their applications approved by the NYDFS: The elite club of BitLicense holders now counts just 16 entities, the two newcomers included. The state has also…

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Bitcoin 

Amid Bear Market, Crypto Venture Fund Strategy Wins out Over Hedge Fund Model

Amid the 2018 market slump, the launch of new crypto venture funds for the first time exceeded that of new hedge funds in the space, according to a Bloomberg report on Jan. 30. Bloomberg cites data from Crypto Fund Research that indicates that 125 new crypto venture funds — which typically provide capital in exchange for an equity stake — launched in 2018, as compared with 115 new investment-oriented crypto hedge funds. In 2017, by contrast, new hedge funds outnumbered venture funds by 47: 136 hedge funds as compared with…

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Ethereum 

Company and Uni to Build Crypto Model Addressing Bitcoin’s Shortcomings

A crypto company has signed a memorandum of understanding with a university in the United States with the aim of building the cryptocurrency model envisaged by Satoshi Nakamoto when the Bitcoin network was launched 10 years ago. SovereignWallet says it will be collaborating with the University of Southern California’s Viterbi School of Engineering to develop the project, which has been named the MUI Meta-Blockchain. While profits associated with Bitcoin have become “highly concentrated with a small number of miners with large capital […] especially those who have the most powerful…

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