AT&T becomes first big mobile carrier to accept Bitcoin payments

Credit to Author: Lucas Mearian| Date: Fri, 24 May 2019 09:47:00 -0700

AT&T will allow customers to pay their mobile bills using Bitcoin, adding its name to a short list of major businesses and government agencies that allow the blockchain-based cryptocurrency to be used as a form of payment.

While not directly accepting cryptocurrency, AT&T is the first major U.S. mobile carrier to let customers pay in Bitcoin through a third-party service provider.

Customers using its online bill pay service or the myAT&T app will be able to choose BitPay, a cryptocurrency payment processor for payments. The customer pays in Bitcoin and BitPay verifies the funds and accepts the Bitcoin on behalf of the business.

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Google, Hyperledger launch online identity management tools

Credit to Author: Lucas Mearian| Date: Mon, 15 Apr 2019 03:00:00 -0700

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CIOs, you’re doing blockchain wrong

Credit to Author: Lucas Mearian| Date: Fri, 15 Feb 2019 03:00:00 -0800

IT leaders who’ve taken the plunge into blockchain are mainly deploying it in proofs-of-concept tests to address the same problems a conventional database could handle, according to research firm Gartner.

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(Insider Story)

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Sharding: What it is and why many blockchain protocols rely on it

Credit to Author: Lucas Mearian| Date: Mon, 28 Jan 2019 03:00:00 -0800

As blockchains are being rolled out in an increasing number of pilot programs for everything from cross-border financial transactions to supply chain management, one persistent issue remains: a lack of scalability.

As more computers join the peer-to-peer network, the efficiency of the whole system typically degrades.

Scalability has already been identified as an issue with cryptocurrencies such as bitcoin and Ethereum’s Ether. If a distributed ledger is to achieve adoption by financial technology (FinTech) companies and compete with payment networks hundreds of times faster, it must find a way to boost scalability and throughput and address latency problems.

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Start-up Devvio claims its blockchain can handle 8M transactions a second

Credit to Author: Lucas Mearian| Date: Thu, 17 Jan 2019 03:00:00 -0800

A start-up firm claims its highly efficient distributed ledger protocol can address all the major problems facing blockchain networks, including being able to scale for global financial business by executing up to eight million transactions per second (TPS).

The new blockchain protocol, called Devv, was unveiled and demonstrated at CES in Las Vegas last week.

If the claims prove true, Devv would be able to compete with traditional financial networks in terms of scalability, be far less expensive to use and would address fraud, theft and privacy issues. Like many blockchain protocols, Devv is not just a peer-to-peer (P2P) database technology but also a digital currency or cryptocurrency called Devcash.

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Blockchain: What’s it good for? Absolutely nothing, report finds

Credit to Author: Lucas Mearian| Date: Wed, 05 Dec 2018 03:01:00 -0800

In a joint report for the Monitoring, Evaluation, Research and Learning (MERL) Technology conference this fall, researchers who studied 43 blockchain use cases came to the conclusion that all underdelivered on claims.

And, when they reached out to several blockchain providers about project results, the silence was deafening. “Not one was willing to share data,” the researchers said in their blog post.

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Apple appears to have blocked GrayKey iPhone hacking tool

Credit to Author: Lucas Mearian| Date: Thu, 25 Oct 2018 14:09:00 -0700

Apple has apparently been able to permanently block de-encryption technology from a mysterious Atlanta-based company whose blackbox device was embraced by government agencies to bypass iPhone passcodes.

Atlanta-based Grayshift is one of two companies that claimed it could thwart Apple iPhone passcode security through brute-force attacks.

The blackbox technology purportedly worked, as Grayshift’s technology was snapped up by regional law enforcement and won contracts with Immigration and Customs Enforcement (ICE) and the U.S. Secret Service.

Another vendor, Israel-based Cellebrite, also discovered a way to unlock encrypted iPhones running iOS 11 and marketed its product to law enforcement and private forensics firms around the world. According to a police warrant obtained by Forbes, the U.S. Department of Homeland Security tested the technology.

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Economist Nouriel Roubini: Blockchain and bitcoin are the world’s biggest scams

Credit to Author: Lucas Mearian| Date: Mon, 15 Oct 2018 13:52:00 -0700

New York University professor and global economist Nouriel Roubini testified before the U.S. Senate Committee on Banking last week, saying cryptocurrencies such as bitcoin are the mother of all scams and bubbles.

He followed that assertion up by calling blockchain, the technology unpinning bitcoin, “the most over-hyped — and least useful — technology in human history.”

Today, Roubini doubled down on his claims in a column published on in which he said blockchain has promised to cure the world’s ills through decentralization but is “just a ruse to separate retail investors from their hard-earned real money.”

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W. Va. to use blockchain-based mobile app for mid-term voting

Credit to Author: Lucas Mearian| Date: Tue, 18 Sep 2018 03:12:00 -0700

West Virginia this fall will let members of the military and their families deployed overseas to vote by smartphone or tablet using a blockchain-based app developed by a Salt Lake City start-up, Voatz.

The voters using the app would otherwise have to submit paper absentee ballots via mail or vote over a land line telephone.

The move means the state will become the first in the U.S. to use blockchain in a voting system in a general election.

After being elected in January 2017, West Virginia Secretary of State Mac Warner  tasked IT staff to investigate mobile voting options for 8,000 West Virginian military members overseas. Warner, a retired U.S. Army officer with four children who are also all current or former Army officers, cited his own inability to vote when deployed in Afghanistan as one reason for his efforts.

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China once again cracks down on cryptocurrencies, news outlets

Credit to Author: Lucas Mearian| Date: Thu, 23 Aug 2018 10:06:00 -0700

In an ongoing campaign to tamp down the growth of once-flourishing cryptocurrencies it sees as a threat, the Chinese government has ordered more than a half dozen online news outlets to shut down and banned physical venues from hosting crypto-related events.

On Tuesday, eight blockchain and cryptocurrency-focused media outlets were banned on WeChat, China’s most influential instant communication and mobile payment app, for allegedly violating new government regulations forbidding the publishing of information related to initial coin offerings (ICOs) or cryptocurrency trading speculation.

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IBM, Maersk launch blockchain-based shipping platform with 94 early adopters

Credit to Author: Lucas Mearian| Date: Fri, 17 Aug 2018 08:51:00 -0700

After launching a proof of concept earlier this year, IBM and Maersk have unveiled TradeLens, the production version of an electronic ledger for tracking global shipments; the companies say they have 94 participants piloting the system, including more than 20 port and terminal operators.

The jointly developed electronic shipping ledger records details of cargo shipments as they leave their origin, arrive in ports, are shipped overseas and eventually received.

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