Blockchain Gaming Trend Grows as eBoost Raises $140K in ICO

Gaming-specific cryptocurrency eBoost has raised over 200 bitcoins in its October crowdsale, worth around $140,000 USD at press time. Designed to be an in-game token for game integration, eBoost advertises itself as the first digital currency geared towards competitive eSports.

“EBoost’s successful crowdsale is a testament to the fact the eSports and cryptocurrencies are a natural fit,” eBoost co-founder Marshall long said in a press release.

Source: Blockchain Gaming Trend Grows as eBoost Raises $140K in ICO

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Blockchain Gaming Trend Grows as eBoost Raises $140K in ICO

Gaming-specific cryptocurrency eBoost has raised over 200 bitcoins in its October crowdsale, worth around $140,000 USD at press time. Designed to be an in-game token for game integration, eBoost advertises itself as the first digital currency geared towards competitive eSports.

“EBoost’s successful crowdsale is a testament to the fact the eSports and cryptocurrencies are a natural fit,” eBoost co-founder Marshall long said in a press release.

Source: Blockchain Gaming Trend Grows as eBoost Raises $140K in ICO

Cyber threat grows for bitcoin exchanges 

New data disclosed to Reuters shows a third of bitcoin trading platforms have been hacked, and nearly half have closed in the half dozen years since they burst on the scene.

This rising risk for bitcoin holders is compounded by the fact there is no depositor’s insurance to absorb the loss, even though many exchanges act like virtual banks. Not only does that approach cast the cyber security risk in stark relief, but it also exposes the fact that bitcoin investors have little choice but to do business with under-capitalized exchanges that may not have the capital buffer to absorb these losses the way a traditional and regulated bank or exchange would.

Source: Cyber threat grows for bitcoin exchanges | Reuters

Bitcoin Blockchain Anti-Piracy Startup Custos Raises Additional Funds

South African startup Custos Media Technologies, a company that uses the bitcoin blockchain to combat media piracy has reached an agreement with the Technology Innovation Agency (TIA) that will see funding of 5.9 million Rand (approx. $400,000) gained by the startup over the next two years.

The technology, seen as a unique way to combat media piracy, works by embedding a bitcoin bounty within a piece of a media. The watermark can then be tracked on the blockchain with the idea of recognizing and identifying infringements when the media leaves the original recipient or buyer of the media.

Source: Bitcoin Blockchain Anti-Piracy Startup Custos Raises Additional Funds – CCN: Financial Bitcoin & Cryptocurrency News

Bitcoin Core Loses Support Amidst Lingering Scalability Issues

Right now, there are different proposals on the table to solve the Bitcoin scalability issue. One thing everyone seems to agree on is how the block size will need to be increased. By how much that increase will happen, remains to be seen, though. Bitcoin Core, which is the main branch of development, is working on Segregated Witness who would warrant a 2 MB block size.

Based on block size voting results, only 27.94% of the community is for the Bitcoin Core solution. Do keep in mind nearly one in four did not vote yet, and their preferences could go either way. Even if we were to add up that 22.01 % of non-voting miners to the support Bitcoin Core has, they would fail to reach 50%.

Source: Bitcoin Core Loses Support Amidst Lingering Scalability Issues

Juniper Research: Blockchain and bitcoin companies raise $290 in first half of 2016 

bitcoin-code2Startups working with blockchain and bitcoin technology around the world raised close to $300 million (£231.2 million) in funding in the first 6 months of the year, according to Juniper Research.

Over 30 startups raised $290 million (£223.5 million) but over a third went to just three companies in big ticket fundraises: Circle, which raised $60 million (£46.2 million) in June; Blockstream, which bagged $55 million (£42.4 million) in February; and Digital Asset Holdings, which raised $50 million (£38.5 million) in January.

Source: Juniper Research: Blockchain and bitcoin companies raise $290 in first half of 2016 – Business Insider

Bitcoin ‘not real money’ says Miami judge in closely watched ruling 

A Miami court judge has sent ripples through the cryptocurrency community in a ruling in which she said bitcoin was not real money.

Defendant Michel Espinoza was on trial for illegally transmitting and laundering $1,500 worth of bitcoins to undercover agents who intended to use them to purchase stolen credit cards. His attorney argued that the charges should be dismissed because, under Florida state law, the cyber-currency could not be considered money. After extended deliberation, Judge Teresa Mary Pooler agreed in a ruling issued on Monday.

Source: Bitcoin ‘not real money’ says Miami judge in closely watched ruling | Technology | The Guardian