South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past. While 5,300 miles away in Slovenia, we see BTC City adopting full cryptocurrency support via blockchain by all vendors […]
Several leading institutions are working towards producing tokenized digital central bank money, a more viable approach than unbacked crypto-assets.
Most people know Monero as a privacy-centric coin. Monero’s team would do anything to remain reputable in that sector. This is partly the reason why its valuation exceeds $2.5 billion. In recent weeks though, GitHub acquisition may end up fueling recent price slump despite coin listing at Huobi. Week over week, XMR is up three […]
Evidently, this week has been bearish. Even in the midst of raging bears, EOS is still outperforming gaining 16 percent in the last week. This is despite investor frustration due to their delay in launching their blockchain. There is anticipation and should we see a “go” vote, then prices are likely to print new highs. […]
Billionaire Norwegian Air CEO Bjørn Kjos launched the Norwegian Block Exchange (NBX) in April, a company executives say “will explore and exploit potential opportunities that lie in blockade and ledger technology.” The company raised $250,000 in a first capital round and is owned by a company called Observatoriet Invest, although Stig Kjos-Mathisen, Kjos’ son-in-law and chairman of […]
Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value. Bitmain’s 32-year-old founder Jihan Wu says he’s chiefly examining the possibilities of a […]
Shopin — a universal shopper profile that delivers personal shopping experiences through retailers’ apps, websites and stores — says one of its token distributors has been hacked and roughly $10 million in a variety of cryptocurrencies has been stolen. Representatives of the platform have released the following statement: “On Wednesday, May 30, 2018, Shopin distributed […]
Bitmain CEO Jihan Wu categorically denied that the mining hardware manufacturer secretly uses its newly-developed devices before making them available to the general public. Wu made this claim during an interview with Fortune, hitting back against rumors and reports that, after developing an application-specific integrated circuit (ASIC) miner for a new hashing algorithm, Bitmain will […]
Enterprise blockchain startup R3 is burning through cash at a breakneck pace and could be out of money by the first quarter of 2019, sources say. R3 Could Be Out of Money by 2019: Report Citing interviews with two former employees, Fortune reports that R3 — which in 2014 launched a high-profile banking consortium that […]
The energy supplier for Quebec, Canada, has temporarily stopped providing power for new digital currency mining projects. Hydro-Quebec claim that the move is to ensure that they can continue to supply the rest of the province with power, as well as exploring other developing industrial sectors. Hydro-Quebec to Propose Strategy for Blockchain Firms to State’s […]