Tuesday, September 25, 2018

Code Review / Walmart / Tether / Cross-Crypto Wallet

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Here are the 10 most important stories about bitcoin and cryptocurrencies today

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1. There are rumblings in the develop community that changes to the bitcoin code review process may be necessary. The rumors come following the discovery of a major bug that if exploited could have allowed hackers to take nodes offline and duplicate transactions. While no formal proposals have been shared, there is fear a similar bug could be created. "If all of Bitcoin Core's policies and practices are kept the same, then it's inevitable that a similar failure will eventually happen again, and we might not be so lucky with how it turns out that time," said Reddit user Theymos. –COINDESK

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2. Walmart is implementing a blockchain system from IBM in an effort to improve food safety. Over the next year, Walmart and Sam's Club will begin asking suppliers of leafy greens like romaine lettuce to implement food traceability via IBM's blockchain system. The program will track food from farm to store in near real time. –ZDNET

Walmart to use blockchain for produce
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3. A new report from the University of Texas claims that tether did not manipulate the price of bitcoin last year. The report counters an earlier report from researchers in Australia that tether issued new tokens to manipulate the price of bitcoin. The University of Texas Report argues that tether does not hae the market heft required to shift bitcoin's price. The researchers used VAR analysis, a statistical model used to discover meaningful relations between variables over a set period. –BITCOIN MAGAZINE

Report claims tether did not manipulate bitcoin
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4. Swap.Online has released a decentralized cross-chain hot wallet. The platform, currently available as a web application, allows users to complete atomic swap exchanges between bitcoin, ethereum, and ERC-20 tokens. The platform was put on the mainnet. Developers said they are also working on a desktop version, as well as an extension for Google Chrome. –BITCOINIST

Swap.Online releases cross-chain hot wallet
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5. Bitcoin has been added to the Merriam-Webster Scrabble dictionary. –FORBES

6. The trustee in charge of liquidating Mt. Gox's funds confirmed that he has offloaded $230 million of bitcoin and bitcoin cash since March 7. –BLOOMBERG

7. A new report confirms a common assumption – that regulation news sways bitcoin's price. –COINDESK

8. The Congressional Blockchain Caucus continues to learn about blockchain. –GOVERNMENT COMPUTER NEWS

9. Renewable energy has the opportunity to solve bitcoin's power problem. –ETHEREUM WORLD NEWS

10. Banks continue to worry about blockchain-based electric payment networks. –COMPUTER WORLD

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Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies), Krystle Vermes (Breaking news editor at Inside, B2B marketing news reporter, host of the "All Day Paranormal" podcast), and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

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