Blockstream

A blockchain technology company co-founded by Adam Back, Gregory Maxwell, Pieter Wuille and others, and led by Adam Back. Blockstream is one of a number of institutions that provide funding for the development of Bitcoin Core, the predominant network client software.

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New Blockstream Bitcoin Block Explorer Announces The Release Of Its Open Source Code Esplora

Blockstream Announces The Release Of Its Open Source Code Esplora Blockstream has just announced a release of Esplora, its open source software. This is the software that keeps the website and network running. This new release follows on the heels of its block explorer that was released in November to the public. The company released the block explorer, and after making sure it was successful, released the code behind that block explorer. This way, developers can easily create their block explorers, build add-ons and extensions as well as contribute to Blockstream.info. Blockstream’s block explorer is incredibly effective at monitoring real time data for the Liquid Network and Bitcoin blockchain. So, with this tool, any developer can increasingly monitor traffic, transaction volume, hash power and so much more. The company announced the release of Esplora on their twitter handle on the 6th of December: “We're excited to announce Esplora, the source code behind http://Blockstream.info ! Developers can now contribute to the project, build their own extensions, or even create their own independent #Bitcoin & #LiquidNetwork #blockchain explorers. https://blockstream.com/2018/12/06/esplora-source-announcement/ … pic.twitter.com/k37B1gRCtS” Blockstream’s Esplora currently supports the following: Bitcoin Mainnet, Testnet, and Liquid Bech32 addresses Confidential addresses (Liquid) Links peg-in and peg-outs between Bitcoin and Liquid Light-Mode for reduced resource usage/personal use As long as developers are familiar with those, they can easily develop their extensions, create their own unique block explorer and become contributors to the Blockstream.info site, and other associated public networks. Blockstream is a California based startup that has been consistently creating blockchain related products for public use. Esplora is only the latest of its newest additions to its portfolio of products. The company is also behind the creation and release of the cold storage device called Metal. This is a very solid hardware device used for the storage of crypto wallets seed phrases and private keys.
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Blockstream Brags About Doubling in Size on Twitter as ConsenSys Lays Off 13% of Its Staff

Outspoken Blockstream CSO Samson Mow took to Twitter today to troll Ethereum production studio ConsenSys. Earlier today, ConsenSys announced that it was laying off 13% of its staff, and Mow did not waste the opportunity to fire shots at ConsenSys. Mow quote-tweeted a tweet from CoinDesk describing how ConsenSys was laying off 13% of its staff as part of a “wider strategic shift.” In response, Mow wrote that, “Blockstream almost doubled in size this year” and is “still growing”. Blockstream almost doubled in size this year. Still growing. https://t.co/XVy1BOFN01 — Samson Mow (@Excellion) December 6, 2018 The community was quick to jump on Samson Mow’s assertion: “Going from 40 to 80 employees is a little different than having more than 1,000. Weird flex,” writes Larry Cermak (@Lawmaster), Head Analyst at The Block, in response to Mow. Going from 40 to 80 employees is a little different than having more than 1,000. Weird flex — Larry Cermak (@lawmaster) December 6, 2018 Those numbers, by the way, are pretty much spot on. Blockstream was founded in 2014 and is headquartered in San Francisco, California. As Cermak claimed on Twitter, the company appears to have around 80 to 100 employees, up from approximately 40 employees one year ago. ConsenSys, meanwhile is a New York City headquartered company founded by Joseph Lubin in October 2014 to develop on the Ethereum blockchain. It was revealed that the company had 900 employees in July 2018. This past week, ConsenSys confirmed that it was laying off about 13% of its staff – or around 115 employees – as part of a restructuring. Ultimately, Samson Mow comes off looking a little petty here. If Blockstream and ConsenSys were the same size competing for the same goals, then it might be more accurate to compare the two. However, Blockstream is approximately 10% the size of ConsenSys, and the two are working on different projects. Of course, Blockstream supporters have responded on Twitter with statements like this: “1000 employees producing less value than 40-80 is a weird flex too.” 1000 employees producing less value than 40-80 is a weird flex too. — Alphonse Pace (@alpacasw) December 6, 2018 Blockstream supporters on Twitter are also pointing out that the ETH price in BTC lower today than it was in March 2016 before The DAO was launched – which is surprising and looks very bad for Ethereum. Of course, the counter-argument is that Blockstream had little to do with the rise of bitcoin, and that bitcoin was already a full-blown phenomenon before Blockstream started contributing. ConsenSys, meanwhile, has played a crucial role in the rise of Ethereum. These are turbulent times within the crypto community. Some companies will survive and others will fail. It remains to be seen whether Blockstream or ConsenSys (or neither) will be around ten years from now. In the meantime, we’ll watch these two duke it out on Twitter.
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ICE Founder: Digital Assets Will Unequivocally Survive

CoinSpeaker ICE Founder: Digital Assets Will Unequivocally Survive Last week, the crypto market was experiencing not the best times, with many currencies dropping sufficiently. Over that period, Bitcoin lost almost 30 percent of its value. Fortunately, starting from this Monday, the market is showing marginal recovery, with Bitcoin price finally surging past its sentimental barrier of $4000 with its valuation just crossing $70 billion. The recent situation prompted jitters among investors but did not address optimism of Jeffrey Sprecher, the CEO of one of the world’s biggest exchange operators Intercontinental Exchange (ICE) and chairman of the New York Stock Exchange. Speaking at the CoinDesk’s Consensus: Invest conference on Tuesday, Sprecher said that when he saw headlines asking “Will digital assets survive?” he would say that “the unequivocal answer is yes.” Sprecher further added: “We’re kind of agnostic to price.” Intercontinental Exchange to Foster Adoption of Cryptos The NYSE and its parent firm ICE showed a proactive approach to the crypto space. In January, ICE partnered with blockchain company Blockstream with a view to bring “disciplined” BTC price information to major Wall Street investors. Further, ICE was going to pull data from 15 major exchanges and deliver this information to the biggest financial names, including hedge funds and professional trading firms. Later in May, ICE announced plans to introduce a trading platform that would allow investors to buy and hold Bitcoin. The exchange was discussing with other financial institutions on working to make ICE-backed bitcoin swap contracts available to the banking institutions. Bakkt Platform as a Push for Price Discovery at Regulated Markets Sprecher appeared with his wife Kelly Loeffler, the CEO of Bakkt, the bitcoin futures platform backed by ICE and designed to allow digital asset trading and make it easier for merchants to accept cryptos. Bakkt platform is a cryptocurrency startup launched by the Intercontinental Exchange (ICE) and backed by such corporate heavyweights as Microsoft and Starbucks. Bakkt aims at achieving the push for price discovery to occur in markets that are regulated at the federal level. The platform will be offering a Bitcoin futures contract that will settle every day in Bitcoin. Loeffler said: “The Bakkt futures contract will help Bitcoin traders establish a trusted price. Bitcoin now trades at different prices on different exchanges, many of which are unregulated.” The platform was expected to start operations next month, but the opening has been delayed until January 24, 2019. As Loeffler said, the delay will “give more people time to get on board.” Starbucks, for which the platform is a way to figure out how to help consumers convert their digital assets into US dollars for use, said that Bakkt will position it to offer new ways of collecting payments as cryptocurrencies gain traction. The company added there is no timeline for when it would allow customers to pay using digital currency. ICE Founder: Digital Assets Will Unequivocally Survive
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Bitcoin Realism & Maximalism

Bitcoin Realism & Maximalism. Bitcoin Cash and Satoshis Vision. Instagram: @crypto_daily Twitter: https://twitter.com/Crypto_Daily ⭐ Links! Bitmain Blocking SegWit: https://bit.ly/2kRdjTY BlockStream FUD Debunked: https://bit.ly/2ztVnqr DApp Usage Statistics: https://bit.ly/2FTPwQO 🎵 Music! fleetwood mac - little lies (1987) https://youtu.be/rcjpags7JT8 Imagine Dragons - Bad Liar (Audio) https://youtu.be/a40XLhSUREo 💬 I am not a financial adviser and this is not financial advice. I'm just a humble man with a great passion for all things block-chain, even tangle and block-lattice. #bch #bitcoin #bchsv
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Bitcoin, Blockchain and Cryptocurrency News For Today November 26th [VIDEO]

Uganda To Introduce New Crypto Regulatory Framework As Increased Bitcoin Scams Plague Industry Uganda To Introduce New Crypto Regulatory Framework As Increased Bitcoin Scams Plague Industry Nouriel Roubini Claims Central Bank Cryptos (CBDCs) Are Looking To Lock Out Bitcoin And Digital Assets Nouriel Roubini Claims Central Bank Cryptos (CBDCs) Are Looking To Lock Out Bitcoin And Digital Assets State In India Is Helping Facilitate The Growth Of Cryptocurrency-Related Businesses State In India Is Helping Facilitate The Growth Of Cryptocurrency-Related Businesses Adam Back Of Blockstream: “Bitcoin ETFs Likely Would Help Liquidity”, But Have Their Own Risks… Adam Back Of Blockstream: “Bitcoin ETFs Likely Would Help Liquidity”, But Have Their Own Risks… European Commission Prefers Blockchain Over Bitcoin, But Seems To Contradict Itself On Cryptos European Commission Prefers Blockchain Over Bitcoin, But Seems To Contradict Itself On Cryptos Amazon Web Services Server Failure Knocks Out Two South Korea Crypto Exchanges On Thursday Amazon Web Services Server Failure Knocks Out Two South Korea Crypto Exchanges On Thursday Tron Community Considers Bakkt Platform Should Consider TRX Cryptocurrency Coin Tron Community Considers Bakkt Platform Should Consider TRX Cryptocurrency Coin Fake ‘JCC Bomb Hoaxer' Gets Arrested After Receiving $800,000 In Bitcoin For Services Rendered Fake ‘JCC Bomb Hoaxer' Gets Arrested After Receiving $800,000 In Bitcoin For Services Rendered Long Term Bitcoin Believer Novogratz: Starting A Crypto Business In This Market ‘Sucks’ Right Now Long Term Bitcoin Believer Novogratz: Starting A Crypto Business In This Market ‘Sucks’ Right Now DARPA Military Program Explores Blockchain Technology But Stays Away From Bitcoin DARPA Military Program Explores Blockchain Technology But Stays Away From Bitcoin Could Central Bank Digital Currencies Be Better Than Virtual Currencies? Or Ride And Die Bitcoin? Could Central Bank Digital Currencies Be Better Than Virtual Currencies? Or Ride And Die Bitcoin? Bitcoin Bottoming Under $3,000 BTC/USD? Does Institutional Interest Hold Any Weight For Bull Run Return? Bitcoin Bottoming Under $3,000 BTC/USD? Does Institutional Interest Hold Any Weight For Bull Run Return? Clovyr Co-Founder: “Bridge-Building Between Public Chains” Over “Shoving Down Enterprises' Throat” Clovyr Co-Founder: “Bridge-Building Between Public Chains” Over “Shoving Down Enterprises' Throat” Overstock Founder, CEO Announces Sale For Blockchain Focus As Company's Stocks Begin To Spike Overstock Founder, CEO Announces Sale For Blockchain Focus As Company's Stocks Begin To Spike BTC.com VP Of Business Operations Shares Bitcoin Experiences And What's To Come For Mining And Crypto Sphere BTC.com VP Of Business Operations Shares Bitcoin Experiences And What's To Come For Mining And Crypto Sphere Recent ‘Satoshi' Tweet From Infamous Bitcoin Inventor Deemed Fake By BTC Developer Jimmy Song Recent ‘Satoshi' Tweet From Infamous Bitcoin Inventor Deemed Fake By BTC Developer Jimmy Song SEC Commissioner Peirce: Bitcoin Is A “Big Learning Curve,” But Many Issues Need Addressing SEC Commissioner Peirce: Bitcoin Is A “Big Learning Curve,” But Many Issues Need Addressing Stock Markets Around The World Plummet: Why Is Bitcoin And Cryptocurrencies Also Falling? Stock Markets Around The World Plummet: Why Is Bitcoin And Cryptocurrencies Also Falling? SEC Commissioner Relates Crypto With Gold And Having Similar Properties SEC Commissioner Relates Crypto With Gold And Having Similar Properties Ripple Leader Jabs Stellar: “I Don’t Know Any Developers Working On Lumens Other Than XLM” Ripple Leader Jabs Stellar: “I Don’t Know Any Developers Working On Lumens Other Than XLM”
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Adam Back Of Blockstream: “Bitcoin ETFs Likely Would Help Liquidity”, But Have Their Own Risks…

On Thursday, November 22, Twitter user, Joshua J. Bouw conducted a survey of sorts, which asked the community whether, bitcoin is gold, cash, or both for now. The twist? CEO and Co-Founder of Blockstream, Adam Back has given his take on Bitcoin and later expanded on why the giant needs to be both, the need for exchange-traded funds (ETFs) and the risks associated with them. So Bitcoin ETFs likely would help liquidity but are not without risks, to the properties that drive Bitcoins fundamental open network value. It could be like early internet stock ETF trying to push for walled gardens, permission, internet drivers license and government censors. — Adam Back (@adam3us) November 22, 2018 According to Back, bitcoin must serve as both cash and gold, that is “sound money and digital cash.” He adds that in order for it to be sound money, it needs to do so “without being bearer […], but unlikely permissionless, bearer, censor-resistant or unseizable/unfreezable.” While Bitcoin has successfully introduced itself as a real-life use case in many instances, Back notes that the original direction may change given, “ETFs with [greater than] 75% economic weight is the operators may develop business focused aspirations to reshape Bitcoin optimized for their use case.” Does this mean there’s some risks involved? As per Back, most definitely. In particular, he trusts the existence of Bitcoin ETFs are surely to better liquidity concerns that the crypto market is faced with, however, he also believes that there are risks attached, which may directly influence the giant’s properties that give it its value. Do you think Back is right in arguing that ETFs can potentially disrupt Bitcoin’s valuable properties? Let us know in the comments below.
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Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings

Every day, the crypto market is on the verge of entering darker territory, and as prices continue to plunge, many cryptocurrencies have become the victims of sudden sell-offs. An initial coin offering (ICO) called Substratum has even taken to day trading its present ether holdings to make up for potential losses. In a YouTube video, a figure named Justin from the Substratum network announces that the company is opening the doors to a token swap set to begin on Monday, December 17. The smart contracts for the company will begin then and batch transactions will start happening over the Ethereum network. Old Crypto Becomes New Crypto Prior to this date, executives will be moving any remaining Ethereum tokens in their crowdsale wallet over to a new wallet. If a person’s tokens are on Binance, the switch will be occurring natively through the exchange. Thus, customers will not need to worry. If a customer’s tokens are locked up in a wallet for an airdrop, they too will not need to take any steps. The move from the present wallet to the new wallet will occur on its own time. All older tokens will become frozen and unusable while the new tokens will be transferred into customers’ wallets. The company is also moving from two decimal places to 18 decimal places, which representatives claim will make transactions faster and more efficient. The smart contract has been fully audited by Quantstamp; furthermore, 120 million old tokens have been burned thus far. They will not be coming over through the transfer but will rather disappear into what Justin calls “the ether.” These tokens are set to disappear completely. The transfer will not be done within a set timeframe. The transfer is indefinite and will last until all customers’ wallets have received their new tokens. Predicting What the Future Holds Substratum now has a full-time trader on staff, who has suggested that Ethereum is going to be continually tested over the coming months. The bear market is not letting up and he has stated that Ethereum could fall to as low as $60. Executives are not necessarily looking to cash out. Instead, they will be trading only a portion of the Ethereum they possess, which they claim will give them the chance to “trade up” and potentially earn a little revenue before the crypto market falls any further. Once the market becomes bullish again, Justin claims in the video that Substratum will be in a better place and will be able to create newer (and better) products. Do you foresee the market getting even worse before it gets better? Post your comments below. Image courtesy of Shuttershock The post Crypto Bear Market is So Bad That an ICO is Day Trading its Holdings appeared first on Live Bitcoin News.
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States Take Cryptocurrency Regulation Into Their Own Hands As US Federal Government Focuses On Blockchain

States Take Regulation Of Cryptocurrency In Their Own Hands, As US Federal Government Focuses On Blockchain Technology The regulation of cryptocurrency has been an ongoing problem for the United States (US). They have managed to outline particular processes involved with blockchain technology and have many trials that examine the way that it works in their industries. However, the fact that even government authorities have different classifications for the same token groups makes it hard to know how to handle them. As a result of the confusion, any states are working to become the friendliest places for cryptocurrency. Ohio even made an announcement recently that they would allow their residents to cover taxes with the use of crypto payments. In the meantime, the authorities are still in a state of confusion with defining and regulating the assets that clearly are in demand for residents. The ones making the most noise about the lack of organization of the federal policies aren’t stakeholders or even enthusiasts; these concerns also involve academics. Carol Goforth, a professor at the University of Arkansas, recently noted that there are presently four different regulators within the federal government that oversee how digital assets are dealt with, from their categorization to their issuance, and further. These four entities are the: Commodity Futures Trading Commission (CFTC) Securities and Exchange Commission (SEC) Financial Crimes Enforcement Network (FinCEN) Internal Revenue Service (IRS) The CFTC sees crypto assets as commodities, though the IRS shares a similar view in calling them property. The FinCen, which is run by the Treasury Department, regulates them with the same rules as fiat currency, but the SEC sees them much differently as securities. Professor Goforth expressed her skepticism that the regulatory entities would work together anytime soon, leading her to encourage the coordination between them for a more nuanced approach. As she puts it, her version of the rules would force the federal government to deal with each cryptocurrency as it is introduced, specifically identifying them by their functionality and the motivations of users. This is a path that at least one instance shows is happening within the federal regulators. The CFTC publicly requested details on the functionality of Ether and the Ethereum Network on December 11th. The document has 25 different questions that deal with the platforms purpose, functionality, scalability, and more. However, the effort to address a single asset by the CFTC isn’t necessarily a sign that the industry is turning towards the idea that the professor had in mind. None of the other regulators have taking this move and are holding on to the regulatory measures that they already have in line. Still, there’s always a chance that congressional legislators will make some changes in their framework. Darren Soto and Ted Budd, who are both US Representatives, brought in two bills on December 6th that will help with the improvement of regulatory framework and reduce the risk of price manipulation. These bills are called the Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018, respectively. These two bills offer specific regulatory changes that could be made for the process to be smoother for exchanges, users, and everyone else involved. The first bill discusses that many situations that can arise in the market for price manipulation. The other requests an in-depth study that aims to improve the “burdensome regulations that may inhibit innovation.” Warren Davidson, the representative of Ohio, spoke at a conference in Cleveland where he noted his intent to bring in a new bill that would create a new asset class for tokens. As such, the regulation of initial coin offerings (ICOs) would become significantly less difficult. A week later, Davidson suggested a crowdfunding event to help with the creation of the US-Mexico border wall, which would include the use of blockchain and “wall coins.” Even though there appears to be a significant lack of clear regulations regarding cryptocurrency, blockchain technology is already being applied to daily operations. The use of this ledger with supply chain logistics is easily its biggest application, and federal authorities are looking to use it for food safety as well, especially considering the recent E. coli outbreak. The Department of Homeland Security announced their intention to use the technology as a way to protect their own activities. Their three subsidiaries are working together for a clear record of documentation that will help with fraud, counterfeiting, and forgery. The defense authorities for the federal government recently established an app that would help the members of the armed forced to learn how to use blockchain technology for the supply chain as well.
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Bitcoin Supporter Says Crypto is Unconfiscatable as Long as It’s Not in Regulated Exchanges

Bitcoin has many different features, but one of the most important is the fact that users are the real owners of their funds as long as they keep their private keys. However, when users have their funds stored in exchanges, Bitcoin can be confiscated. During a Q&A session during a Tampa Meetup, he said that Bitcoin being non confiscatable applies to exchanges that are not regulated. In general, centralized virtual currency exchanges are not a safe place where to store funds. The company behind the exchange is able to manage the funds as it considers, block some accounts and even experience security issues. If Bitcoin wants to remain non confiscatable, the best what a person can do is to store them in cold storage wallets. No one is able to move the funds from there unless they have the private keys. At the same time, he said that Bitcoin does not have just a single price because there are different markets listing it. He compared the price of Bitcoin (BTC) with Apple stock explaining that Apple’s stock price is determined by supply and demand in just one place. He has also talked about Bitcoin ETF and the fact that to have a stable price of Bitcoin everything needs to sit in one place. He went on saying that having all the BTC in one place is a risk even when it creates a more stable market. For example, he emphasized the fact that if all the BTC are located in just one exchange, hackers might focus only on it. Furthermore, the US government would also have the possibility to confiscate the BTC that users own or trade them. There are several crypto platforms that are regulated, including exchanges such as Coinbase or Gemini. Governments would be able to confiscate the funds that users have on these exchanges, thus deleting one of Bitcoin’s main characteristics. Moreover, he said that Bitcoin being under the control of governments is not positive for the space. A lot of people would completely lose the faith in the popular virtual currency. This is exactly what Satoshi Nakamoto was trying to avoid when it created Bitcoin.
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Hong Kong Businessmen Targeted by Bitcoin Bomb Threats After Recent USA and Canada Attempts

There have been many different ways to steal funds from individuals in the cryptocurrency market. However, a new methodology has been applied in Hong Kong and other countries such as the United States. According to a recent report released by the South China Morning Post, businessmen in Hong Kong are being targeted by criminals that want to steal Bitcoin from them. These scammers try to steal Bitcoins from victims by threatening them that they will receive a bomb if they don’t send Bitcoins in the time span the scammers provide. One of the affected individuals is Michael Gazeley, the CEO of Network Box. He received a message in his business email with this Bitcoin bomb threat. Furthermore, he said that he had to pay $20,000 if he wanted to avoid receiving a bomb in his office. Gazeley said to the news outlet: “This looks like the third wave of blackmail emails plaguing the world in the past few years… I have never seen something like this, which sounds like cyberterrorism, in my 20-year career in cybersecurity.” Nevertheless, he was 99.99% sure that the message was not worth. Indeed, he mentioned that the email had some typo mistakes and the grammar used was not exactly good. That shows that the main intention is to take a few bucks from some individuals rather than really bombing an office. Hong Kong authorities did not provide further information about this issue, thus it is not possible to know the exact number of companies affected by these threats. This is not the first time that there are Bitcoin bomb threats around the world. A few days ago, as reported by NBC New York. Hoax bomb threats spread asking users to pay in Bitcoin. The New York Police Department (NYPD) informed on Twitter that there was an email circulating that contained a threat asking for a Bitcoin payment. However, they say that they did not find any devices in some of the places where the threat arrived. Please be advised – there is an email being circulated containing a bomb threat asking for bitcoin payment. While this email has been sent to numerous locations, searches have been conducted and NO DEVICES have been found. pic.twitter.com/7omOs13Z7Q — NYPD NEWS (@NYPDnews) December 13, 2018 The NYPD went on explaining that the threats are meant to cause disruption and/or obtain money in a fast way. Although the police will be responding to the calls made by the community, they believe that the threats are likely ‘not credible.’ This is not the first time that there are scammers trying to steal Bitcoin and other virtual currencies from users. Earlier this year, scammers on Twitter were asking for Bitcoin and ETH deposits using fake accounts that stole famous people’s identities.
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