No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain
Apr21

No, Visa Doesn’t Handle 24,000 TPS and Neither Does Your Pet Blockchain

When it comes to measuring the speed of new blockchains, the comparison is always with Visa. Despite not being a blockchain, the 24,000 transactions per second Visa reportedly handles have attained mythical status. That figure is unquestioningly trotted out whenever scaling is discussed. In reality, claims of Visa’s throughput, as well as those of emerging blockchains, have been greatly exaggerated. Also read: The Bitcoin...

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German Cops Look Hard at Antics of ICO Savedroid After Ghost Prank
Apr21

German Cops Look Hard at Antics of ICO Savedroid After Ghost Prank

The same German online news outlet that broke the Savedroid supposed exit scam, turned gotcha publicity stunt, is reporting prosecutors just might have a legal case against the initial coin offering (ICO) outfit. Also read: Bitcoin in Brief Thursday: ICO Scares Investors with Ghost Prank German Prosecutors Consider Legal Action Against Savedroid Wirtschafts Woche, the same German source that announced a $50 million exit scam by...

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Mt Gox CEO Mark Karpeles Lands New Job — CTO for Cryptocurrency Firm
Apr21

Mt Gox CEO Mark Karpeles Lands New Job — CTO for Cryptocurrency Firm

The infamous former CEO of the now defunct bitcoin exchange Mt Gox, Mark Karpeles, is trying to start over with a clean slate in life. Karpeles has revealed to the media that he’s started a new C-level position as the Chief Technology Officer (CTO) for a firm called London Trust Media. The technology company invests in virtual private network companies and cryptocurrencies. Also Read: Indian Exchange Takes Central Bank to...

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Russia Blacklists 250 Pirate Sites For Displaying Gambling Ads
Apr21

Russia Blacklists 250 Pirate Sites For Displaying Gambling Ads

Blocking alleged pirate sites is usually a question of proving that they’re involved in infringement and then applying to the courts for an injunction. In Europe, the process is becoming easier, largely thanks to an EU ruling that permits blocking on copyright grounds. As reported over the past several years, Russia is taking its blocking processes very seriously. Copyright holders can now have sites blocked in just a few days,...

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Facebook Privacy Fiasco Sees Congress Urged on Anti-Piracy Action
Apr21

Facebook Privacy Fiasco Sees Congress Urged on Anti-Piracy Action

It has been a tumultuous few weeks for Facebook, and some would say quite rightly so. The company is a notorious harvester of personal information but last month’s Cambridge Analytica scandal really brought things to a head. With Facebook co-founder and Chief Executive Officer Mark Zuckerberg in the midst of a PR nightmare, last Tuesday the entrepreneur appeared before the Senate. A day later he faced a grilling from lawmakers,...

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