Bitcoin Network Still Backlogged With Tens of Thousands of Unconfirmed Transactions, Causing Delays

Over the past 24 hours, the blockchain has been inundated with small, spam-like transactions that are large in data size, but significantly small in bitcoin value transferred. At the peak, there were more than 50,000 unconfirmed transactions waiting to be mined into a block, resulting in delays for normal transactions to be confirmed. While the network has been working to decrease this backlog — transactions are down to 31,000 at time of this article’s writing — the type of transactions that are being sent suggest this is a continuation of a stress test that has been put on the system. There have been numerous transactions hitting the network with tiny transaction values, such as 0.0001 bitcoin being sent repeatedly. While […]

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Reusable Payment Codes May Be the Solution to Onename’s Privacy Concerns

The confusing, user-unfriendly format of Bitcoin addresses has turned off many possible new users in the past, but Onename has been working on a solution to this ease-of-use issue for quite some time. Although the ability to link a Bitcoin address to a Onename username has been available for a while now, a newly released API will allow bitcoin users to share one easy-to-understand name with their friends and work colleagues. Privacy Concerns Remain Although Onename allows users to map their username to a static Bitcoin address, there are a few issues with the current setup. Reusing addresses is known to be bad for privacy in Bitcoin, and not many knowledgeable bitcoin users want to move to a system that […]

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Bitwage Introduces Bitwage Cloud Savings, Implements Bitreserve Connect

Bitwage, an automated international bitcoin payroll platform has partnered with bitcoin cloud-based financial service provider Bitreserve, to implement its newly developed platform called Bitreserve Connect and developed a new product called Bitwage Cloud Savings. Bitreserve Connect, which was launched on June 16 at MoneyConf in Belfast, is a cloud-based bitcoin/money platform which allows businesses to: Hold, send and convert money instantly — and for free — to anyone Incorporate Bitreserve’s best-in-class anti-money laundering (AML) and know-your-customer (KYC) security and information infrastructure to ensure businesses meet regulatory requirements. Conduct completely transparent transactions, where all money held, sent and converted can be traced in real-time; Secure and protect customer deposits with one-to-one reserve backing. Bitwage is one of the first four financial […]

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Equity Crowdfunding Platform Bnk to the Future Passes the $10 Million Invested Mark

In June, Bitcoin Magazine reported that Bitcoin investment fund Bitcoin Capital raised more than $1 million on the equity crowdfunding platform Bnk To The Future. Bitcoin Capital, a high-risk, high-return fund, is run by renowned financial journalist Max Keiser and Simon Dixon, co-founder of Bnk To The Future, an online investment website for crowdfunding small businesses mainly focused on financial innovation. They have now launched a second tranche for $5 million to invest further in the sector. A recent Bnk To The Future press release titled “$10 million for Bitcoin and Financial Innovation, while banks scramble to adjust” reveals that, while the banks are trying to get their heads around the blockchain, Bnk To The Future relaunched its brand new platform […]

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‘Walking Dead’ alum Emily Kinney to appear on ‘Masters of Sex’

LOS ANGELES, July 7 (UPI) — Former Walking Dead co-star Emily Kinney has joined the cast of Showtime’s Masters of Sex. The series stars Michael Sheen and Lizzy Caplan as William Masters and Virginia Johnson, the pioneers of human sexuality.

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