Family Offices Finally Accept the Benefits of Investing in Bitcoin

There is a lot of chatter going on about the uncertainties of cryptocurrency and how an attempt to tame the raging seas of the crypto market could spell doom for investors. As expected, in the middle of this conversation is Bitcoin (BTC), whose popularity continues to grow in the investment world.  Although Bitcoin’s volatility is well-documented, this has not stopped investors from adopting cryptocurrencies as a way of effecting a diversified investment strategy. Interestingly, the volatility narrative is somewhat losing its potency as Bitcoin slowly establishes stability. Hence, I will…

Researcher Breaks Grin’s ‘Privacy’ Spending Just $60 Per Week

Mimblewimble, a privacy-focused blockchain protocol, is allegedly not private at all. According to an expert at blockchain research firm Dragonfly Research, Mimblewimble’s privacy is fundamentally flawed, which he reportedly proved by discovering the exact addresses of senders and recipients for 96% transactions of Mimblewimble’s privacy-centric coin Grin (GRIN). Ivan Bogatyy, a researcher at United States-based Dragonfly Capital Partners, published a Medium post on Nov. 18 in which he claimed that he was able to break Grin’s purported privacy while spending just $60 per week on Amazon Web Services (AWS). Mimblewimble…

Libra Testnet Surpasses 50,000 Transactions Since September Launch

The Libra testnet has logged over 51,000 transactions since it was reset in September, with 34 projects having been developed on the network according to an update released by The Libra Association last week. In a blog post titled “Five months and growing strong: the Libra project,” the project’s lead developer, Michael Engle, said, “It’s been just five months since we announced the Libra project on June 18, 2019, and nearly a month since the Association charter was signed by its members in Geneva. We’ve been working diligently to build the…

China’s Zhejiang Processes $6B via DLT Medical Billing Platform

China’s Zhejiang province has processed nearly $6 billion via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their medical bills online. At a local blockchain event on Nov. 18, the Zhejiang Provincial Department of Finance announced that the platform had 480 medical institutions across the province as of Oct. 28. The officials said that the platform processed 41.7 billion…

Bitcoin’s Mempool Saw an Anomalous Number of Big Transactions on Friday

On Nov. 15, Bitcoin’s (BTC) blockchain mempool was at its highest level since January last year, according to figures from blockchain data website Blockchain.com. On Nov. 15, Bitcoin’s mempool size reached over 90 megabytes (MB), a value not seen since January 2018. The Bitcoin mempool holds all the unconfirmed transactions that are waiting to be validated by miners.  One-year chart of Bitcoin mempool size in bytes. Source: Blockchain.com An apparent anomaly In most cases, the bigger the mempool, the more transactions are waiting to be confirmed by miners, but in…