Bitcoin Hovers Over $3,850 as Most Top Cryptos See Losses

Saturday, March 2 — the top 20 cryptocurrencies are reporting minor to medium losses on the day to press time. Bitcoin (BTC) is hovering just over the $3,850 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down little over half of a percent on the day, trading at around $3,858, according to CoinMarketCap data. Looking at its weekly chart, the current price is over 6 percent lower than $4,142, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap Ethereum (ETH)…

Asia Pacific Conservative Union Launches Blockchain Ecosystem to Fight Authoritarianism

Two executives from the Asia Pacific Conservative Union (APCU) have launched the Liberty Ecosystem, a blockchain-based network designed to fight authoritarianism, a press release shared with Cointelegraph reveals on March 2. The co-founders of the project are APCU chairman, Jikido “Jay” Aeba, and CEO and co-founder of the organization, Yasu Kikuta. The press release describes the initiative as a “decentralized federation of local advocacy and economic development organizations seeking to combat the rise of authoritarianism in the Asia-Pacific region and around the world.” Per the announcement, regimes like China invest…

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Ethereum’s Core Dev Team Is Searching for a New Hard Fork Coordinator

Ethereum’s (ETH) core developers discussed the need for a new hard fork — or network upgrade — coordinator during a core developer meeting on March 1. As Cointelegraph reported in February, Afri Schoeden, release manager at Ethereum infrastructure firm Parity Technologies, has quit all Ethereum projects after a controversial tweet that sparked outrage on social media. His departure led to a conversation among the Ethereum core developers on Friday concerning the search for a new candidate for hard fork coordinator and the definition of the role, which would include some…

Bitcoin Haters Keep Calling Crypto Dead

Since 2011, mainstream media outlets, bank executives, economists, and other skeptics have gleefully proclaimed Bitcoin’s demise after every major correction from its all-time high. Bitcoin Will Keep Defying its Critics In the past ten years, Bitcoin has experienced five 85 percent corrections including the recent 14-month bear market. However, the dominant cryptocurrency has managed to survive each correction, achieving a new all-time high after every major drop and defying the critics. 2013 – “Game Over, Bitcoin” – @businessinsider | $110.68 “The bubble has burst & now all that’s left is…

Blockstream Releases Upgrade of Its Bitcoin Lightning Network Implementation

Blockchain development company Blockstream has released a new version of its Bitcoin (BTC) scalability software, c-lightning, a post on the company’s blog reveals on March 1. C-lightning is an implementation of the off-chain Bitcoin scalability solution, the Lightning Network (LN), that is written in the C programming language. Per the announcement, this latest version, c-lightning 0.7, is the first major release in 8 months and brings performance enhancements, bug fixes, augmented privacy and new features, as well as improved documentation. The main new feature is plugin supports, which allow developers…

QuadrigaCX Wallets Have Been Empty, Unused Since April

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1. Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart from one inadvertent transaction of Bitcoin amounting to nearly $500,000, there have been no deposits in the wallets since April 2018. Furthermore the report states: “To date, the Applicants have been unable to identify…

Major Saudi ATM Provider Partners With Blockchain Identity Platform

Saudi automated teller machine (ATM) provider Alhamrani Universal (AU) has collaborated with blockchain identity platform ShoCard to develop a blockchain-based biometric ATM, according to a press release published on Feb. 27. The collaboration will see AU and ShoCard create a new type of an ATM combining blockchain technology and biometrics as part of a five-factor authentication process. The ATM will reportedly allow customers to use a blockchain-based app and facial recognition instead of personal identification numbers to withdraw funds. The ATMs will purportedly be able to communicate across banks in…