Kraken’s Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit ‘Requires Cryptographic Proof’

Kraken's Jesse Powell Takes Aim at Newly Launched Proof-of-Reserve Lists, POR Audit 'Requires Cryptographic Proof'On Tuesday, amid the many conversations concerning crypto exchange proof-of-reserves, Kraken executive Jesse Powell shared a screenshot of coinmarketcap.com’s newly launched proof-of-reserves (POR) dashboard. Powell said he planned to be “more assertive with calling out problems,” and he stressed that a POR audit “requires cryptographic proof of client balances and wallet control.” Jesse Powell Stresses […]

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Defi for Bitcoin: Collateral Peg Platform Provides Noncustodial BTC Lending on Ethereum

Defi for Bitcoin - Collateral Peg Platform Provides Noncustodial BTC Lending on EthereumDuring the second week of February, a new project called tBTC was unveiled that is similar to the Wrapped Bitcoin (WBTC) created with the Ethereum network. However, the tBTC effort claims to be a noncustodial application that allows users to deposit BTC, mint tBTC, and lend it with interest. Also Read: Market Update: Bitcoin Halving […]

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200,000 People Have Signed Ross Ulbricht’s Clemency Petition

200,000 People Have Signed Ross Ulbricht's Clemency PetitionRoss Ulbricht is forced to spend the rest of his life in prison, and October 1 marked the beginning of his seventh year behind bars. Ulbricht has recently authored a letter explaining that he’s “forgotten what freedom actually feels like” and he’s also realized that he lost some of the “best years of his life.” […]

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Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr Transaction

Bitcoin Cash Devs Publish the First 3 of 3 Multi-Sig Schnorr TransactionOn May 15, the Bitcoin Cash network successfully upgraded by implementing Schnorr signatures, after which a few developers processed some basic Schnorr signatures. Then, on Saturday, May 18, software developers Chris Pacia, Mark Lundeberg, and Checksum0 performed the first multi-sig Schnorr signature on BCH and sent the funds to Freeross.org. Also Read: After Trillions Printed […]

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Schnorr Signatures Are Coming to Bitcoin Cash – Here’s What You Should Know

A Brief Explanation of the Next Bitcoin Cash Upgrade — Schnorr SignaturesOn Wednesday, May 15, the Bitcoin Cash (BCH) network will be upgraded to incorporate the highly anticipated Schnorr signature algorithm, a digital signature scheme widely known for its simplicity. Also read: Bitcoin History Part 12: When No One Wanted Your BTC Schnorr Sigs Are Coming Next week, the Bitcoin Cash blockchain will be upgraded by […]

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Schnorr Signatures Await Bitcoin Cash as the Next Fork Draws Near

Bitcoin Cash Supporters Look Forward to Schnorr Signatures as the Next Fork Draws NearThe Bitcoin Cash network is scheduled to fork on May 15 and the community has been steadily preparing for the next upgrade, which will entail the addition of Schnorr signatures and Segwit recovery exemption. Also read: A Look at Openbazaar’s Multi-Currency Wallet and Vendor Listings Bitcoin Cash Upgrade Time: May 15, 2019, Shortly After 12 […]

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Privacy and Scaling: Schnorr Signatures Are Coming to Bitcoin Cash

Privacy and Scaling: Schnorr Signatures Are Coming to Bitcoin CashOn Tuesday, Jan. 29, Bitcoin Cash developer Mark Lundeberg revealed two planned features for the scheduled May 2019 BCH upgrade. In the gist published to Github, Lundeberg described a specific improvement that’s been discussed by cryptocurrency developers for years — implementing Schnorr signatures in place of ECDSA signatures. This could upgrade the BCH chain to […]

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