10 Years Ago Today, Hal Finney Started ‘Running Bitcoin’

Hal Finney is one of the people many suspected to be Satoshi Nakamoto. A long-time cryptographer and cypherpunk, Finney was the first person ever to receive a Bitcoin transaction. From Satoshi Nakamoto. He was enthusiastic about the project from the beginning. He posted the first known tweet about Bitcoin ten years ago today: Running bitcoin The post 10 Years Ago Today, Hal Finney Started ‘Running Bitcoin’ appeared first on CCN

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Bitmain Co-CEOs to Keep Decision Making Power in Executive Swap, Report

Chinese Bitcoin mining giant Bitmain’s co-founders Jihan Wu and Micree Zhan Ketuan will quit their posts as co-CEOs but still steer the company’s important decisions. Hong Kong-based English-language news outlet South China Morning Post reported the news Jan. 10. Referencing anonymous “people familiar with the matter,” the publication said Bitmain’s director of product engineering Wang Haichao would likely take over as CEO at an unspecified future date. Haichao has allegedly already taken over some of the duo’s former duties. The reshuffle, which Bitmain declined to formally confirm, follows several weeks…

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Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees

This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the crypto winter had left the firm with no other viable choice The post Why Big Crypto Firms Like ShapeShift & ConsenSys Laid Off Many Employees appeared first on CCN

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Qtum Completes First Atomic Swap With Bitcoin on Mainnet

Qtum, a blockchain platform that merges the strength of Bitcoin’s blockchain with the Ethereum Virtual Machine to build decentralized applications, has completed its first atomic swap with Bitcoin on mainnet. This is a big, first step for atomic swaps, a feature that allows for on-chain exchanges, or transactions, between cryptocurrencies on two separate blockchains without the need to rely on a third party. For Bitcoin, this is a big step forward in allowing interoperability between other blockchains and itself in a trustless manner. Atomic swaps are not an entirely new…

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