• RenVM bridges blockchains
    Cryptocurrencies,  Technology

    RenVM bridges Bitcoin, Ethereum blockchains

    Ren says its ultimate goal is to connect ‘any imaginable pair of blockchain-based tokens’—telling Modern Consensus this could start happening within months

    An open decentralized finance protocol has launched its core product today: RenVM bridges blockchains, enabling Bitcoin, Bitcoin Cash, and Zcash to be brought to the Ethereum blockchain.

  • Rowling don't understand Bitcoin
    Bitcoin,  Opinion

    The sad, exasperating tale of ‘J.K. Rowling and the Sorcerer’s Coin’

    When one of the world’s richest women asked her 14.6 million followers about Bitcoin, members of the crypto community had a great opportunity. They blew it

    Late on Friday night, Harry Potter author J.K. Rowling tweeted: “I don’t understand Bitcoin. Please explain it to me.” It was an opportunity for the crypto community to offer a clear, direct explanation of why Bitcoin exists, why it’s worth so much, and how it differs from dollars and dimes. Crypto Twitter blew it.

  • MakerDAO bringing Bitcoin to Ethereum
    Alt coins,  Bitcoin,  Ethereum

    MakerDAO bringing Bitcoin to Ethereum blockchain

    It’s hoped the addition of ‘wrapped Bitcoin’ will give the DeFi sector a much-needed boost, but bridging the two blockchains is fiddly to say the least; tBTC pitched as a better alternative

    Wrapped Bitcoin—an ERC-20 token that is backed on a 1:1 basis with BTC—is now being accepted as collateral for MakerDAO loans. It’s a significant development, not least because the crypto community has lamented the lack of a bridge between BTC and ETH for some time.

  • Craig Wright case witness fears murder
    Cryptocurrencies,  People

    EXCLUSIVE: Craig Wright case witness fears murder, kidnapping

    In an unreleased transcript, lawyers for someone who the people suing Wright want to question asked a judge to keep their client’s name secret out of fear of being targeted by criminals

    In an unreleased transcript obtained by Modern Consensus of the lawsuit seeking half of the $10 billion in bitcoins the real Nakamoto mined at the beginning of the bitcoin project—which Craig Wright has said he possesses—lawyers for an unnamed third-party pleaded with the judge not to release his or her name to the public for fear of extortion or murder.

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