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Fork follies

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Fork follies

October 9th, 2017
"The aim of argument, or of discussion, should not be victory, but progress." – Joseph Joubert 
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THE FEATURE

BitPay Is Growing? Startup Suspicions Are Fueling Bitcoin's Fork Debate

 
Remember merchants?

All but scrubbed from recent arguments in bitcoin, you may recall them as the entities that used to serve as a barometer for bitcoin's success. 

Flash forward to 2017, though, and transaction volumes and user growth aren't part of the discussion. Rather than a medium of exchange, we've been accustomed to bitcoin the asset and cryptocurrencies the asset class.

But can and should bitcoin return to its former strategy? 

That's the question at the heart of a new CoinDesk report by editor Bailey Reutzel which examines sales figures from bitcoin merchant processor BitPay. Far from going off into that good night as the technology has changed, the company says it's poised to top $1 billion in payments this year. 

Are the figures real? And if so, should they be considered as the technology seeks to adapt? As the report highlights, they're compelling questions without easy answers.
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Regulated Cryptocurrency Betting Just Got a Big Boost in Europe
Cryptocurrency gambling is opening up across a large swathe of Europe, as Malta licenses eSports platform Unikrn.

BitPay Is Growing? How Startup Suspicions Are Fueling Bitcoin's Fork Debate
Should bitcoin's technology change to accommodate merchant users? New data from one of the network's biggest startups is fueling the debate.

The CFTC Is Still Considering a Cryptocurrency 'Delivery' Definition
The CFTC is still working on rules to define when a digital commodity like bitcoin has been "delivered," an official has said.

France Is Close to Issuing a Position on ICOs
France is moving toward formal rules around initial coin offerings, a senior regulator has said.

Rumor or Not: Goldman Trading Would Change Bitcoin
If Goldman Sachs does launch a bitcoin trading desk, as rumors hint it might, the impact will be felt further afield than the bottom line.

Oracle's Entrance: Database Giant Unveils Enterprise Blockchain Strategy
Oracle has become the latest tech major to launch a cloud-based blockchain services platform. But is it cannibalizing its core business with the move?

Better Off Abroad? Blockchain Health Firms Gain Ground Outside the US
The convoluted and heavily regulated U.S. healthcare system is sending blockchain startups packing, with the hopes of demonstating their tech abroad.

Ethereum Developers Optimistic Ahead of Byzantium Blockchain Fork
Ethereum's core development team have taken part in one last meeting ahead of a network hard fork expected to happen on October 16.

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That
The Lightning Network isn't yet live on bitcoin, but that doesn't mean developers aren't theorizing the kinds of ambitious apps that it could enable.

Survey: Most Medical Group Execs See Promising Role For Blockchain
A new survey has been released showing significant levels of interest in blockchain among medical group executives.

Banks Back Syndicated Loan Market Built on Corda Distributed Ledger
A new syndicated loan marketplace backed by a group of major banks is set to be launched on top of R3's Corda distributed ledger platform.

Russia Blasts Decision to Extradite Alleged Bitcoin Money Launderer
Russia isn't happy that an alleged bitcoin money launderer is being extradited to the US following a court decision in Greece.

UK Central Bank Unveils Blockchain Data Privacy Pilot
The Bank of England announced four new financial technology projects, including a proof-of-concept test for distributed ledger technologies.

Gemalto and Ledger to Court Enterprises With New Cryptocurrency Wallet
Two security specialists are uniting to build a new security solution for financial institutions working with cryptocurrency.
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