Ethereum’s Proposed Hard Fork ‘Muir Glacier’ Would Delay Impending Ice Age

Ethereum developers propose a hard fork named Muir Glacier intended to address the impending Ice Age on the Ethereum mainnet. Ethereum developers have proposed a hard fork, named Muir Glacier, that should address the impending Ice Age, which could cause a significant slowdown on the Ethereum mainnet. In an Ethereum improvement proposal at the end of November, Ethereum developer James Hancock wrote that the proposed Ethereum Muir Glacier hard fork would push back the mechanism, known as Ice Age. Ice Age is unnecessarily complex and confusing Ethereum’s Ice Age, also…

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Canadian Venture Capital Firm Secured $320 Million to Invest in Fintech Startups

Canadian venture capital firm secured $320 million to make investments in promising fintech startups around the world, with a particular focus on Canada. Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 million. The funds will allow the company to make early-stage investments in promising fintech startups around the world, with a particular focus on regions…

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Zcash Donates $40K to Canadian Private Messaging Developer

Open Privacy, a non-profit group working on a decentralized metadata-resistant messenger, received 1,044 ZEC from Zcash. The Zcash Foundation, the firm behind privacy-centric cryptocurrency Zcash (ZEC), has donated $40,000 to a Canadian private messaging developer. The Open Privacy Research Society, a non-profit group working on Cwtch, a decentralized metadata-resistant messenger, has received 1,044 ZEC from Zcash, the organization announced on Dec. 3. As described by Open Privacy, Cwtch is a platform for building decentralized infrastructure based on metadata-resistant communication applications. Derived from a Welsh word meaning “a hug that creates…

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Market Mostly Trades Sideways as Bitcoin Price Hovers Around $7,300

Bitcoin price hovers around the $7,300 mark as the cryptocurrency markets remain sluggish. Tuesday Dec. 3 — Most cryptocurrencies continue trading sideways, including Bitcoin (BTC) which has not been able to find higher trading levels in the past few days. Cryptocurrency market daily overview. Source: Coin360 Bitcoin started the day at $7,344, at which point the world’s largest crypto coin found an intra-day low of $7,230 before moving up again to the exact same trading price near $7,340. After a sluggish 24 hours, BTC is showing a gain of 0.5%…

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South Korean Startup Claims to Have Solved Blockchain’s Speed Problem

South Korean startup claims to have developed a new technology that could reduce blockchain transaction times to fractions of a second. The South Korean-based firm Bloom Technology announced that they have created a new technology that is able to speed up transactions on the blockchain. On Dec. 3, United Press International reported that Bloom Technology’s CEO, Lee Sang-yoon, said that the company’s Lotus Chain technology has been able to reduce blockchain transaction processing times to fractions of a second.  One single blockchain transaction takes less than 0.23 seconds The company…

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Study: Blockchain to Save $450B in Supply Chain Costs in Western Europe

A new study from Cointelegraph Consulting and Insolar highlights potential massive savings to be had through enterprise blockchain adoption. The implementation of blockchain technology in supply chains could save businesses in Western Europe $450 billion in logistics-related costs. According to a new study from Cointelegraph Consulting and Swiss enterprise blockchain firm Insolar, blockchain technology can reduce supply chain-related costs for businesses between 0.4% and 0.8%. While that may sound like a small figure, the sheer volume of the sector means that this percentage translates into a potential hundreds of billions…

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New List Claims 1.9 Million Bitcoin Held by Centralized Exchanges

Cryptocurrency enthusiasts have been discussing a newly developed exchange ranking developed by the crypto portfolio and trading bot startup Bituniverse. According to a leaked screenshot of Bituniverse’s “Exchange Transparent Balance Rank,” there’s roughly 1.9 million BTC held on centralized trading platforms. Bituniverse claims the full list of exchange balance ranks “will be disclosed on December 12.” Also Read: John McAfee Weighs in on Maximalism, Epstein’s Death, and ‘the Greatest Gift Since Fire’ There’s $13.9 Billion Worth of BTC Allegedly Stored on Global Exchanges Last year, on January 3, the community…

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Report: Android Vulnerability Allows Hackers to Steal Crypto Wallet Info

Security researchers have uncovered a vulnerability that could allow hackers to access private data on any Android phone, including login credentials to crypto wallets. Promon security researchers have uncovered a vulnerability that could allow cybercriminals to access private data on any Android phone. 500 most popular apps are at risk On Dec. 2, the Norwegian app security firm Promon revealed the discovery of a dangerous Android vulnerability called StrandHogg, which has reportedly infected all versions of Android and has put the top 500 most popular apps at risk. Promon CTO…

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Cointelegraph Launches Consulting Division To Drive Enterprise Blockchain Adoption, Partners With Insolar and VeChain

Cointelegraph launches its consulting division to drive enterprise blockchain adoption, partnering with Insolar and VeChain to grow network reach and educate the general public on the value of blockchain for business. Cointelegraph, the leading publication for blockchain and cryptocurrency news, has announced the launch of its Cointelegraph Consulting division. The new business sector is focused on advancing enterprise blockchain adoption by helping companies understand the potential of blockchain technology and then matching them with enterprise blockchain vendors to implement solutions. According to Gartner, the business value added by blockchain will…

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The Nonprofit Push to Make Giving Tuesday About Giving Bitcoin

Black Friday’s history is complicated. The U.S. tradition of shopping on the day after Thanksgiving dates back to the early 20th century, though the term wasn’t coined until the 1960s. Since then, the event has unravelled into a multiday scramble for door-busting deals; for some, it now begins on the day of Thanksgiving itself and has extended its influence into such offshoot events like Cyber Monday, a day of digital shopping discounts. It has also given rise to Giving Tuesday (#GivingTuesday). As its name implies, #GivingTuesday is meant to encourage…

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