Bitcoin faces the possibility of yet another fork, a divergence anticipated by a code change proposal accepted by the developers of the Bitcoin Core client software.
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COMPARED with Brexit, Bitexit seems a piece of cake. On August 1st, without much agonising or awkward negotiations, a group of Bitcoin activists and entrepreneurs managed to create a second version of the crypto-currency.
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IMAGINE LOGGING INTO your checking account and seeing that you now also have a second account, stocked with an equal amount of a new currency.
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THE crypto-catastrophe seems to have been averted: the price of bitcoin is moving back up towards $3,000. Last week a majority of bitcoin “miners” signalled support for an upgrade of the system to increase its capacity
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IN THE hills overlooking Tbilisi sits a nondescript building housing rows of humming computer servers. The data centre, operated by the BitFury Group, a technology company, was built to “mine” (cryptographically generate) bitcoin, the digital currency.
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ON THE SURFACE, bitcoin is having a very good year. Its price reached record highs well over $1,000 after years of stagnation following a major crash. But if you pull back the curtain, the civil war rages.
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IBM and Maersk will partner to use blockchain technology to conduct, manage, and track transactions in the shipping supply chain.
The companies said they collaborated on creating blockchain tools for cross-border transactions among shippers, freight forwarders, ocean carriers, ports, and customs authorities.
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WALL STREET IS a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures “the essence of the evolutionary spirit.” A hedge fund hunts for an edge and then maniacally guards it, locking down its trading data and barring its traders from joining the company next door.
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FOR fans of bitcoin, a digital currency, the year got off to a volatile start. On January 5th one bitcoin changed hands for nearly $1,150—almost as much as the record set three years ago. It has since dropped by 33%.
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Time to put the blockchain hype to the test. After a year of promises that the technology would revolutionize Wall Street, anyone can now download an entire blockchain specifically built for financial services.
Chain, the San Francisco-based startup that’s working with Visa Inc. and has made a presentation on the benefits of blockchain to Federal Reserve Chair Janet Yellen, just released to the public the 30,000 lines of open-source code that make up its Core Developer Series.
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Augmented reality will become a shopping paradise, webpages will start to give way to screen-less voice interactions, blockchain technology will create a business worth $10 billion, and the Internet of Things will save $1 trillion a year by 2022.
Those items reflect Gartner’s crystal ball predictions for 2017 and beyond.
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