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A new machine for Bitcoin Mining called " Approximate Hardware " would make Bitcoin mining easier. Bitcoin had gained tremendous popularity over a few couple of years among the virtual currencies due to its decentralized principle. Mining a single Bitcoin is not an ice cake walk, as it requires an enormous amount of computing power to dig Bitcoins. To overcome this issue and mine Bitcoins faster, security researchers has conducted a study and made a new loophole in the mining process in an effort to mine the Bitcoins easily. How to Mine Bitcoins Faster? A team of Illinois-based researchers led by Indian Scientist, Rakesh Kumar, has designed a new hardware named " Approximate " that could reduce the pain of Bitcoin mining by 30 percent. The proposed system would make use of the faults in the hardware system such as: False Positives where an error is not present but notifies a fake error. False Negatives where an error is present but

The Nasdaq stock exchange and the Republic of Estonia have announced the use of Blockchain-based technology to allow shareholders of companies to e-vote in shareholder meetings even when they're abroad, according to Nasdaq's press release. Global stock market giant is developing an electronic shareholder voting system implemented on the top of Blockchain technology that underpins Bitcoins . Blockchain – the public and decentralized ledger technology underpins all Bitcoin transactions and logs each transfer of an asset in an encrypted "block" that is added to a permanent, transparent chain showing every deal associated with that asset. Even some of the world's major banks are also considering the adoption of the Blockchain technology. In the mid of last year, 9 of the World's renowned Banks, including JPMorgan, Royal Bank of Scotland, Goldman Sachs and Barclays , collaborated with New York-based financial tech firm R3 to create a new fram

Identities now transcend human boundaries. Within each line of code and every API call lies a non-human identity. These entities act as programmatic access keys, enabling authentication and facilitating interactions among systems and services, which are essential for every API call, database query, or storage account access. As we depend on multi-factor authentication and passwords to safeguard human identities, a pressing question arises: How do we guarantee the security and integrity of these non-human counterparts? How do we authenticate, authorize, and regulate access for entities devoid of life but crucial for the functioning of critical systems? Let's break it down. The challenge Imagine a cloud-native application as a bustling metropolis of tiny neighborhoods known as microservices, all neatly packed into containers. These microservices function akin to diligent worker bees, each diligently performing its designated task, be it processing data, verifying credentials, or

Some of Bitcoin's Core developers have left the Bitcoin project and started building their separate cryptocurrency called DECRED . Decred aims to prevent the issues Bitcoin is currently facing regarding project governance and development funding. CEO of ' Company 0 ', Mr. Jacob Yocom-Piatt , who has funded Bitcoin development since early 2013, said the actual development of the Bitcoin cryptocurrency is funded by external entities that forms a conflict of interests between the groups and the project's core developers. According to Bitcoin's developers, these group puts limitations on input in Bitcoin's governance, selecting options that are favorable to their own interests only, and generally ignoring the developers' and project's best interests. "The Bitcoin software is controlled by a small group of people who decide exclusively what can and cannot be changed," Jacob says in a press release . "This is in part due to a la

Just hours after the Australian man ' Craig Steven Wright ' outed as the possible real identity of Satoshi Nakamoto , the anonymous creator of Bitcoin, Australian Police raided his home in Sydney. Over 10 police officers raided Wright's home in the Sydney suburbs on Wednesday afternoon. They forcefully opened the door, and 'started searching the cupboards and surfaces of the garage.' However, the Sydney police raid at Wright's home is not associated with the claims of his being involved in creating Bitcoins, rather related to the Australian Taxation Office investigation, the Guardian reported . Wright was recently identified as the mysterious creator of Bitcoin, based on leaked transcripts of legal interviews and a number of emails and blog posts. However, neither Dr. Wright nor anyone else has publicly confirmed the real identity of the founder of Bitcoin Satoshi Nakamoto. In a statement, the Australian Federal Police (AFP) officers said the raids weren

Breaking Update:   Police Raid alleged Bitcoin Creator Craig Wright's Home in Sydney . Yes, Satoshi Nakamoto , the mysterious creator of the Bitcoin digital cryptocurrency has possibly been identified as an Australian entrepreneur, according to investigations independently done by Wired and Gizmodo . His name is Craig Steven Wright … ...at least based on some convincing evidence shown by both the publications. Bitcoin is a revolutionary virtual currency developed around Blockchain , a complicated cryptographic protocol and a global computers network that oversees and verifies which Bitcoins have been spent by whom. The identity of the ones spending Bitcoins are extremely difficult to trace because of its anonymous nature, therefore, are very popular among criminals. Also Read:   Meet The World's First Person Who Hacked His Body to Implant a Bitcoin Payment CHIP Satoshi Nakamoto is not only the father of an entire economy worth Billions of dollars,

Imagine the internet that would offer you to communicate privately with anyone else without censorship, safe from the prying eyes of surveillance authorities…. … Decentralized, Encrypted, Peer-to-Peer Supported and especially a non-IP Address based Internet. Yeah, a New Private Internet that would be harder to get Hacked. This Internet is a dream of all Internet users today and, of course, Kim Dotcom – the Famous Internet entrepreneur who introduced legendary Megaupload and MEGA file sharing services to the World. Kim Dotcom announced plans to start his very own private internet at the beginning of this year and has now revealed more details about MegaNet — a decentralized, non-IP based network that would share data via " Blockchains ," the technology behind Bitcoins. On Thursday, Dotcom remotely addressed a conference in Sydney, Australia, where he explained how MegaNet will utilize the power of mobile phones and laptops to operate. How will M

The Existing Infrastructure used by Financial institutions like Banks is Archaic, Slow, and Costly, with hardly any innovation in the past three decades. Nine of the World's renowned Banks, including JPMorgan , Royal Bank of Scotland , Goldman Sachs and Barclays , are collaborating with New York-based financial tech firm R3 to create a new framework based on Bitcoin's Blockchain. Yes, they are back in the game yet again, but this time officially! Blockchain — the public and decentralized ledger technology that underpins all Bitcoin transactions has been now recognized as " the future for financial services infrastructure ". The blockchain technology is a way of keeping records by listing the owner's name with all the previous and present transaction the client was involved. It is a public ledger where a list of all the transactions ever executed is maintained. The Banks are planning to develop and implement Blockchain-like Technology where distributed/shared

The Famous Internet entrepreneur and former hacker Kim Dotcom , who introduced legendary Megaupload and MEGA file sharing services to the World, has came up with another crazy idea — To start his very own Internet that uses the "blockchain". Just last month, Kim Dotcom, a German millionaire formerly known as Kim Schmitz , launched the public beta of its end-to-end encrypted video and audio chat service called " MegaChat ", which it says gives better protection than alternatives such as Skype and Google Hangouts. Now, his latest series of tweets referred to Kim Dotcom's supposed " MegaNet " which, he believes, would be immune to the global mass surveillance conducted by governments or corporations and would not be based on IP addresses. MegaNet would be a decentralized, non-IP based network in which the blockchain used by Bitcoin will play an " important role ". Decentralizing the Internet means to take the power of the Web

If you are dealing in cryptocurrency Bitcoin and have Microsoft's Security Essentials (MSE) installed on your system, then you could be infected by a virus called " DOS/STONED " from the Bitcoin BlockChain. With a number of high-profile cases of fraud, theft, and technical incompetence against the bitcoins, it seems like cyber criminals are looking to scam unsuspecting customers. Blockchain is Bitcoin's most popular bitcoin wallet and block explorer. It is a central part of the Bitcoin system that includes a log file in which all bitcoin transactions are recorded. It stores the wallet data in encrypted form and runs on privately owned dedicated hardware. In an discussion on the Microsoft discussion boards, a user go by the name ' edc678 ' claimed that  Microsoft's Security Essentials  is showing alerts of the signature of the STONED virus in the Bitcoin BlockChain, which could only allow an attacker to write small chunk of text to accomp

Sheep Marketplace , one of the leading anonymous websites, after Silk Road 's closure by U.S. Prosecutors, allegedly selling drugs, has gone offline claiming it was robbed of $6 million worth of Bitcoins . Like Silk Road , Sheep Marketplace was a Deep Web site accessible via the Tor network and quickly grew into a replacement of other popular underground Bazaars. Weeks ago, the Administrator of the Sheep Marketplace announced that withdrawals  from online Wallet would be closed for a few hours as a new feature was being implemented, however deposits were still allowed. Recently, The market's administration left a short message for users, which reads: We are sorry to say, but we were robbed on Saturday 11/21/2013 by vendor EBOOK101. This vendor found a bug in the system and stole 5400 BTC – your money, our provisions, all was stolen. We were trying to resolve this problem, but we were not successful. We are sorry for your problems and inconvenience, all of the current BTC will be di