Privacy Cryptocurrency Grin Votes to Fund Third Full-Time Developer

Long-time Grin coder “Ignotus Peverell” will receive financial support to work on the cryptocurrency, a move that makes him the nascent project’s third paid team member. In a weekly developer meeting Monday, developers voted to fund Peverell for his work on Grin with roughly $10,000 per month. With 4,919,040 GRIN tokens in circulation, according to CoinMarketCap,…

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Back Above $4k: Bitcoin’s Price Jumps to a Two-Month High

Bitcoin’s price climbed back above $4,000 on Saturday for the first time in over two months as the broader cryptocurrency market flashed green. At 18:00 UTC on Saturday, the world’s largest cryptocurrency by market capitalization surpassed the $4,000 mark to ultimately reach $4,146 – its highest price since Dec. 24 of last year, according to pricing data from CoinDesk.  Bitcoin’s…

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How BlockEx Went from $24 Million ICO to Layoffs in Less Than a Year

BlockEx’s treasury couldn’t stop taking hits in 2018 – and for the London-based startup, it has meant significant delays, scaled-back ambitions and layoffs. CEO Adam Leonard confirmed to CoinDesk that “staff reductions” had taken place. “Some of it naturally as products finished and additionally to reduce burn,” Leonard said via email, declining to offer specifics on…

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Beam Announces ‘Critical’ Vulnerability in Mimblewimble Crypto’s Wallet

The team behind Beam, a newly released privacy-oriented cryptocurrency, announced Wednesday that a “critical vulnerability” has been discovered in its wallet software. Disseminating the information from their official Twitter account, Beam urged users to uninstall the Beam Wallet application immediately and redownload a patched version of the application again from their website. The project’s GitHub…

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How to Last the Crypto Winter? Seek Simplicity, Manage Complexity

Jake Yocom-Piatt is the Project Lead for Decred, a hyper-secure, adaptable and self-funding digital currency. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. In 2018, we have seen the cryptocurrency market cap go from all-time highs in January to falling over 80 percent by December, despite little changing in the context of…

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South Korea’s Kakao Leads $15 Million Raise for Public Blockchain Startup Orbs

Hybrid blockchain platform Orbs has raised over $15 million in cryptocurrency with help from South Korean app provider Kakao. A Kakao representative told CoinDesk that its investment arm had joined the funding effort because it “always seeks to invest and support innovative startups and Orbs is a good example.” The startup raised 139,000 ether ($12,371,000)…

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Bitcoin Cash SV’s ‘Blockchain Reorg’ Likely an Accidental Split, Not an Attack

Bitcoin Cash “Satoshi’s Vision” – otherwise called Bitcoin SV – suffered a block reorganization Monday by which transactions on two different blocks were overwritten. Though it is possible these two blocks may have been maliciously overwritten by outside attackers, the most likely explanation for the temporary block reorg was due to an overload in transaction activity…

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