Rumors of Ukraine’s largest commercial bank PrivatBank inevitable nationalization have been circulating for a long time. One may only guess whether the new record set at Ukraine’s LocalBitcoins last week has anything to do with that; however, the USD exchange rate in Ukraine definitely has, as millions of the bank’s.
According to recent researches by Facebook and MasterCard, majority of young people don’t trust traditional banks, favoring new fintech services instead.
In 2016, a set of amendments to anti-terrorism legislation, also known as the Yarovaya Package (called so after the Russian Duma deputy Irina Yarovaya who initially proposed the measures) has become the most crucial event in the recent history of Russian IT industry.
For just over two years now, in the very heart of Prague, a conceptually and practically unique establishment called Paralelní Polis has been working to bring together the leading figures of cryptocommunity.
In recent months many bitcoin users have been complaining about their transaction taking hours to get confirmed. Indeed, this happens quite often, and some users think that increasing a transaction fee could save the day. But is this really a remedy?
After our earlier feature on the accusations addressed to Kibo by some community members was published, ForkLog has undertaken its own investigation with experts, developers, lawyers and active members of the Russian-speaking cryptocommunity providing their assistance.
Bitcoin’s blocksize debate is about the technical contradiction between the speed of transactions and the network’s centralization. One of the parties, which we may conventionally dub “entrepreneurs”, is interested in the network’s scaling, while the other party, the so called “idealists”, is resisting further centralization. Each of these parties has.
These days, blockchain ceased being a mere computer technology with limited scope of applications, but a sort of a philosophic concept applicable anywhere in human society. In particular, it may be successfully implemented in state building and reformation of both governance systems and the society in general.