100 Bitcoin Users Perform What Might Be Largest ‘CoinJoin’ Transaction Ever

The community behind the privacy-centric bitcoin app Wasabi Wallet recently brought together 100 people to collectively execute a “CoinJoin” transaction on bitcoin in what might be the biggest event of its kind. Some context: bitcoin itself is far from private, as users can, via the blockchain, see where coins are being transferred to and from. One effort to afford greater privacy to transactions is CoinJoin, a long-standing technology first proposed in 2013 by long-time bitcoin idea man and cryptographer Greg Maxwell. The idea is that transactions can be made more private…

Earn DAI while learning about the stablecoin and how it’s generated

Customers can now earn DAI on Coinbase Starting today, Coinbase customers around the world can start earning DAI by watching lessons and completing quizzes about DAI and its features. DAI is the first stablecoin to be made available through Coinbase Earn. Coinbase strives to be a trusted source where customers can educate themselves about new developments in crypto, and we’re excited to offer people a new opportunity to learn about and earn DAI. According to the DAI whitepaper, DAI is a decentralized stablecoin running on Ethereum and designed with a…

Crypto Miners’ Electricity Shouldn’t Be Subsidized: Iranian Energy Minister

Cryptocurrency miners in Iran could face higher electricity bills if Iran’s Energy Minister gets his way. On Sunday The Financial Tribune quoted minister Homayoun Haeri as saying that energy used by cryptocurrency miners in Iran should be charged in real prices and not be subsidized by the government. Iran’s government spends about $1 billion in electricity subsidies in the country with Iranian households paying just a fraction of the real cost of the electricity usage. Authorities in Iran prohibit the mining and trading of cryptocurrencies. However, such activities continue to…

MPC Explained: The Bold New Vision for Securing Crypto Money

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Advances in cryptography are converging to help developers bring blockchain applications closer to the core decentralizing principles on which this technology is founded. Inventions such as atomic swaps, zk-SNARKS and Lightning-based smart contracts are allowing developers to realize the dream of true peer-to-peer transactions in which neither party, nor an outside intermediary, can act maliciously. Witness…

Samourai, Nodl to Launch Bitcoin Lightning Node With Mixing Features

The mobile bitcoin wallet project Samourai Wallet is partnering with the French hardware retailer Nodl to create a bitcoin node device that syncs with Samourai’s privacy-centric mobile wallet. Revealed exclusively to CoinDesk, Nodl co-founder Michel Luczak said this new product will be a “full, self-validating, bitcoin and lightning node” that allows people to use the mobile wallet app without relying on Samouri Wallet’s servers. This has long been a point of contention, as critics argue the wallet’s privacy features are insufficient if users’ transaction data is stored on a centralized…

Crypto Platform Says It Aims to Solve Bitcoin Scalability Issue

Crypto platform ILCoin says it is developing a “modern alternative to bitcoin” without scalability issues by using “pioneering technology” called command chain protocol (C2P). The protocol of C2P, created by ILCoin, is supposed to solve the main problem of the Bitcoin blockchain — the lack of scalability — by enlarging the block size. The startup says that it has already managed to increase its limit to 25 MB. This enables its users to have a higher transaction amount: Instead of the current maximum for Bitcoin of seven transactions per second,…

Ethereum (ETH) Snaps Back From $230, Benfica FC Setting Precedence

ETH bulls persistent, rejecting lower prices Benfica FC and UTRUST partnering will benefit fans By partnering with UTRUST, a crypto payment processor, Benfica FC fans will now pay for tickets and other merchandise using Ether or BTC. Meanwhile, the reaction from $230 could be the foundation that will propel ETH to $400. Ethereum Price Analysis Fundamentals The success of any blockchain project depends on reception. That Ethereum is one of the biggest benefactors because of their soft landing is true. Promising to create a platform that improves on Bitcoin, Vitalik,…

USC Project Seeks to Disrupt Traditional Wholesale Banking

On June 3, the Utility Settlement Coin (USC) project, one of the most ambitious crypto-based initiatives in mainstream finance, announced that it had taken the next step in its progression: the creation of a new company called Fnality International and the completion of a 50 million British pound ($63.2 million) Series A financing round. The momentum for USC has been growing since 2015, when the initiative was launched by financial giants UBS, BNY Mellon, NEX, Santander and Deutsche Bank, along with blockchain startup Clearmatics. It’s important to note that USC…

XRP Bulls Firm But Down 9.9%, Ripple Can Be A Micropayment Platform

XRP is down 9.9 percent Recent findings could embolden the “XRP Army’s” repeated calls for the adoption of their crypto.  CoinGate is confirming that XRP is suitable for micropayments. Their latest research reveals that more people are procuring services and settling using XRP. However, that did not spur demand, as XRP is struggling against unyielding sell-side pressure. Ripple Price Analysis Fundamentals Seven years later and Ripple is much more than a platform. From what information is publicly available, XRP is increasingly serving the crypto economy as a medium of exchange.…

Crypto Company Offers Decentralized Trading and Analytical Engine That Ranks Crypto

A new digital assets ecosystem is offering decentralized crypto trading to businesses and individuals, delivering wallet-to-wallet transactions and “cutting-edge analytical tools” that enable users to make informed decisions about the cryptocurrencies they hold, buy and sell. Volentix’s “four pillars” will underpin the beginnings of its digital assets ecosystem — one of which is VDEX, or Volentix Decentralized Exchange, its flagship product. The project describes VDEX as a “next generation, extensible and customizable decentralized crypto exchange,” with an emphasis on ensuring that the assets and data of every user remain individual…