Bitcoin Core Developers Remain Adamant In Opposition to SegWit2x, Potential Showdown in November
Two days ago, Bitcoin’s Core developers made an ominous announcement. The Bitcoin Core client would no longer connect to nodes running SegWit2x. Though miners are the ones who actually write blocks to the blockchain, user-run nodes are also important for maintaining an up-to-date ledger across the entire network. With Core’s recent announcement, there will be a small but important change to how the network operates: Miners will still broadcast their blocks to the network, but nodes running the Bitcoin Core client will only relay blocks to other nodes running the same client.
Coinbase Raises $100 Million In The Biggest-Ever Round For Bitcoin Startup
Coinbase has raised $100 million in Series D funding. Announced yesterday, the round was led by Institutional Venture Partners (IVP), a Silicon Valley venture firm that counts some of the biggest tech and digital startups, including Dropbox, GitHub and Netflix, among its portfolio. Also participating are Battery Ventures, Draper Associates, Greylock Partners, Section 32 and Spark Capital.
The round's completion raises Coinbase's collective funding to date to more than $217 million, higher than any other industry firm that has raised money from accredited investors. In statements, Coinbase said that it would use the funds to expand its customer support and engineering teams. According to Business Insider UK, the cryptocurrency exchange now boasts a $1.6 billion valuation.
Aventus Presentation At The Ethereum London MeetUp
The Aventus team was recently present at the Ethereum London MeetUp, the largest Ethereum meetup to take place globally. During the event, the Aventus team had the opportunity to describe various aspects of the Aventus Protocol ranging from the various protocol layers, existing problems within the global ticketing industry, and the proposed solutions eliminating counterfeit tickets and unregulated secondary markets. Check out the meetup video below
Filecoin's ICO has raised an estimated $200 million. The figures add to the roughly $52 million in tokens sold in a pre-sale to investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures, announced last week. However, at press time, the ICO is paused. The sale halt came just over an hour after it first began. The Filecoin page on CoinList displayed problems with the ticker meant to track the total amount raised.
Problems aside, the sale has generated a record-breaking level of investor interest. Just over 30 minutes into the sale, the Filecoin team announced that it had garnered a total of $252 million in investments – a figure which includes the pre-sale figures. The ICO represents the largest to date, overtaking the $232 million record hit by the Tezos project in mid-July.
Microsoft’s Coco Framework Aims To Speed Up Blockchain Adoption
Microsoft has revealed that it is working on a new technology that will boost the adoption of the blockchain by enterprises. The company said that it had created a system called the Coco Framework, which stands for Confidential Consortium. When implemented into a blockchain networks it will solve privacy, speed and governance issues for commercial adoption, reports Reuters. Mark Russinovich, chief technology officer of Azure, Microsoft’s cloud computing division, said:
"We expect this to be the foundation for blockchain for enterprise. We think blockchain is going to potentially transform every industry."
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