Exclusive Jihan Wu Confirms Backdoor Claims in Bitcoin Miner Bitmain

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The bitcoin community is abuzz with news that Bitmain bitcoin miners allow for remote code execution which can shut-down 70% of the hashrate. We asked Jihan Wu for comments, specifically whether it’s true “it could allow Bitmain to shut down 70% of the hashrate.” His reply: “it’s true.” In a […]

Charlie Shrem Joins Bitcoin Unlimited Skeptics, Calls It Glorified Polling

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Charlie Shrem. Charlie Shrem, a longtime bitcoin supporter, has joined the cadre of Bitcoin Unlimited (BU) skeptics, calling it “glorified polling” in a recent tweet, adding that there is nothing to hard fork to. Shrem’s lack of confidence in BU is one of several recent developments in the struggle […]

Is a Lack of Regulation Stifling Bitcoin Growth

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Cathy Mulligan, co-director of Imperial College London’s Centre for Cryptocurrency Research and Engineering, believes a dearth of regulation is undermining new financial technologies. Although this might not come as welcome news to libertarian-minded bitcoiners, she believes uncertainty over regulations has stifled growth. “We have the situation in the UK […]