Bitcoin 

Bitcoin’s Irreversibility Challenges Int’l Private Law: Legal Scholar

A German law professor has argued that permissionless networks such as Bitcoin (BTC) pose the greatest challenge when it comes to applying private law to the blockchain. In an Oct. 18 article entitled “Who Owns Bitcoin? Private (International) Law Facing the Blockchain,” Professor Matthias Lehmann, chair of the Institute for International Private Law and Comparative Law at the University of Bonn, argued against the role of property law concepts for the blockchain in most scenarios. Blockchain’s irreversibility and a-nationality Professor Lehmann begins by identifying two categories of legal problems that…

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Bitcoin 

Swiss Private Bank Says 400 New Clients Demanding Crypto Products

Swiss private bank Maerki Baumann has had a deluge of over 400 new clients wanting to tap its future blockchain offerings since it revealed its interest in the sector. Swiss Info reported on Aug. 22 that the Zurich-based institution — which has $8.2 billion AUM but faces stiff market competition and an erosion of its margins — has opted to embrace blockchain to rejuvenate its business.  Bid to be “the go-to private bank” in Swiss crypto In an interview with Swiss Info, Maerki Baumann CEO Stephen Zwahlen said that the…

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Bitcoin 

Bitcoin Private Team Accuses Crypto Exchange HitBTC of Fraud After Delisting

Bitcoin Private (BTCP) developers have accused cryptocurrency exchange HitBTC of acting in a fraudulent manner in regards to their delisting from the exchange following a planned coinburn. The accusations are portrayed in a letter written on Feb. 26 to the exchange by the Petros Law Group on behalf of the BTCP community, developers and contributors, and published by the Bitcoin Private Twitter profile on March 9. According to its authors, the letter — which was published the day BTCP was delisted from HitBTC — alleges that HitBTC attempted to extort…

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Bitcoin 

I Hope Private Firms Will See the Value of Stateless Currency

Twitter founder Jack Dorsey said that he hopes private firms will understand the value of a stateless currency during an interview with technology news outlet Quartz published on June 14. Quartz reported that during the interview — which took place in the headquarters of his bitcoin (BTC)-supporting payments platform Square in London — Dorsey noted: “I would hope that all private companies can see the value of having a stateless currency that all people can access.” Dorsey also reportedly said that he notices two secular trends which could impact the…

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Ethereum 

Enigma’s Ethereum-Based Private Smart Contract Testnet Goes Live

The testnet of private smart contract network Enigma has been launched, the developers announced in a Medium post published on June 11. Per the announcement, the test network, dubbed Discovery, allows developers to start developing their decentralized applications (DApps). Furthermore, contracts hosted on the Discovery testnet will reportedly be immediately deployed on the Ethereum (ETH) network once Enigma has been implemented on the mainnet. The newly launched network reportedly enables privacy for general computations, which enables DApp developers to create secure applications, according to the post. The author of the…

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Blockchain 

‘Blockchain Bandit’: How a Hacker Has Been Stealing Millions Worth of ETH by Guessing Weak Private Keys

There are at least 732 weak private keys on the Ethereum blockchain alone which are being exploited by a “blockchain bandit”, who has amassed almost 45,000 ETH at this point. Learn more in our interview with security researchers who found him Source link

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