Isle of Man Tests Blockchain Prototype for IoT
The Isle of Man has announced an Internet of Things proof-of-concept in partnership with blockchain startup Credits.
Questions Abound as Hacked Exchange Bitfinex Issues Digital Assets to Repay Customers
Digital currency exchange Bitfinex has issued its own digital token in an unusual attempt off-set about $66m worth of bitcoin stolen.
Payments Firm Qiwi Could Transition to Blockchain By 2021
Russian payments firm Qiwi now estimates it could upgrade its core database to a distributed ledger-based system by 2021.
US Government to Auction off $1.6 Million Bitcoins
The U.S. Marshals Service (USMS) announced today that they will be auctioning off $1.6 million worth of bitcoins later this month. The more than 2,700 bitcoins were forfeited from various cases including that of the notorious online black market, Silk Road, which was shut down by the FBI in 2013. In an announcement released today […]
US, UK Top Cryptomarkets Online Illegal Drug Trades
Compared to the days of Silk Road in 2013, the number of transactions of illicit drugs on the cryptomarkets has tripled, with revenues doubling, says a new report by RAND Europe. The not-for-profit research institute, whose mission is to help improve policy and decision-making through research and analysis, names vendors who indicated they were operating […]
Bitfinex Slowly Getting Back Online after Users Suffer 36% Loss
Bitfinex has announced that it is slowly getting back online after announcing to its users that they will lose 36 percent of their assets. Last week the Hong Kong-based bitcoin exchange suffered a security breach which saw $65 million worth of bitcoins stolen and the price of bitcoin plummeting 20 percent. It has since climbed […]
Ethereum Experts Debate Merits of Two Ethereum Chains
Although a large proportion of the Ethereum community believed the recent hard fork would result in one chain that the entire community could get behind, it’s clear that a segment of Ethereum enthusiasts would like to see a strict adherence to the original concept of code as law. Ethereum Classic is the original Ethereum blockchain […]
Ross Ulbricht Defense Files Reply in Court Appeal, Disputes Fairness of Trial
Ross Ulbricht’s legal defense filed a reply to the government as part of his appeal this week. On behalf of Ulbricht, who was sentenced to double life in prison without parole for operating the Silk Road dark marketplace under the alias Dread Pirate Roberts (DPR) more than a year ago, attorney Joshua Dratel disputes the […]
LexisNexis and Elliptic Partner to Bring Financial Transparency to the Bitcoin Blockchain
In a new partnership, LexisNexis Risk Solutions, a global big-data technology and analytics firm, has integrated its anti-money laundering data into Elliptic’s Bitcoin transaction monitoring and compliance products. As a result, clients of Elliptic’s blockchain intelligence service can obtain more meaningful insights by automatically screening Bitcoin entities for links to sanctions, enforcement, politically exposed persons, […]
Amid Blockchain Hype, Is There Still a Place for Litecoin?
Once the “silver to bitcoin’s gold”, the developers behind long-running digital currency litecoin are seeking to reestablish its market position.