News 

BIP 324: A Message Transport Protocol That Could Protect Bitcoin Peers

More than 10 years living in the world of Bitcoin has shown us that there is a long road ahead for Bitcoin developers, and BIP 324, created in March 2019, could be the next important step on that road. The BIP was authored by Switzerland-based Bitcoin developer and cofounder of Shift Cryptosecurity Jonas Schnelli to help address a perceived concern around the messages exchanged between Bitcoin peers. “Bitcoin: A Peer-to-Peer Electronic Cash System” is the title of the Bitcoin white paper and, as it suggests, the P2P layer is a…

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Donald Trump Op-ed US Federal Reserve 

Blame Trump for the Next U.S. Recession, Not the Fed: Former RBI Chief

Donald Trump is sending the U.S. economy close to a recession thanks to his trade war with China. Former RBI chief Raghuram Rajan believes that Trump is the biggest threat to the U.S. economy and could be the catalyst for a recession. Economic data in the U.S. suggests that Rajan could be right in his view, though Trump could blame a slowdown on the Federal Reserve. The odds of a U.S. recession seemed pretty high last month, with major Wall Street players indicating that the bad days could arrive as…

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News 

With Open-Source Caravan Wallet, Unchained Wants to Make Multisig Mainstream

Austin-based Bitcoin financial service provider Unchained Capital just unveiled its newest multisignature wallet tool. Revealed exclusively to Bitcoin Magazine in anticipation of the launch, Caravan is the latest tool in Unchained Capital’s suite of bitcoin investor products. Like the Collaborative Custody that came before it, Caravan is a multisignature bitcoin wallet, meaning it requires multiple devices/parties to sign off on a transaction before it is sent.  Unlike its predecessor, though, which relies on Unchained Capital to act as one of the signatories, Caravan cuts out Unchained as a counterparty. The…

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News 

EOS Creator Block.One to Vote for Block Producers With 9.5% of Coins

Block.One, the firm that developed the EOSIO software, announced on Nov. 13 that it will begin participating in the election procedures for block producers (BPs) on the EOS blockchain. “Small, but significant EOS token holder” In its announcement, Block.One claims that it is a “small, but significant EOS token holder” since it holds less than 9.5% of the circulating supply. As such, Block.One holds nearly one-tenth of the voting decision power when it comes to electing BPs. The firm says that the portion of coins it holds will further decrease…

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bitcoin Cryptocurrency News méxico Pemex 

Bitcoin Extortionists Hit Fortune-500 Mexican Oil Giant Pemex for $5 Million

Pemex is required to pay the Bitcoin ransom within two weeks or face paying double after. About 5% of the computers have been affected by the DoppelPaymer software. The oil giant’s billing systems are the most impacted and could lead to delays in paying salaries. The hackers who hit Mexico’s state oil giant Pemex earlier this week with ransomware are demanding hundreds of Bitcoin in order to provide the decryption software. According to Bleeping Computer, the ransomware used to target the Fortune 500 firm is DoppelPaymer. So far Pemex believes…

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