PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that […]

Op-Ed: Bitcoin’s Roots in the Great Law of Peace

Bitcoin, in its nine years of existence, has steadily gained traction, defining itself as a new digital gold. Early adopters of this technology have shown excitement for the potential of this inflation-proof sound money. With steady increase in value over the years, this new invention of money has established its position in finance. The gold […]

Canadian Cryptocurrency Exchange Coinsquare Plots Asian Expansion

Canada-based cryptocurrency exchange Coinsquare is plotting a major expansion into Japan as it prepares to go public later this year. The exchange, headquartered in Toronto, announced this week that it had formed a partnership with DLTa21, a “global blockchain investment bank,” to launch a centralized cryptocurrency exchange in Japan. Coinsquare, which operates Canada’s third-largest cryptocurrency […]

New Bitcoin Scam Targets Embarrassed Porn Viewers

A new scam has begun targeting porn viewers in an attempt to blackmail victims and extort $1,900 — and they only take bitcoin. Via malware, the scammers claim to have compromising footage of viewers taken from the would-be victim’s webcam while pornographic videos were playing. The scam email sent to victims begins by revealing to them […]

Owner of Montblanc, Piaget to Track Gold and Diamonds Using the Blockchain

The owner of some of the planet’s largest manufacturers of luxury goods has announced its intentions to implement blockchain technology. Richemont are hoping to use the innovation to help customers ensure the authenticity of their products and the materials used to make them. Richemont Plans to Track Luxury Goods and Precious Materials on the Blockchain […]

Crypto Startup Tether Hires Bank of Montreal Vet to Head Compliance Efforts

Cryptocurrency startup Tether, the creator of the controversial crypto token of the same name, has hired a former Bank of Montreal executive to head the firm’s compliance efforts. The British Virgin Islands-based company announced on Thursday that it had appointed Leonardo Real to serve as its new chief compliance officer (CCO). Prior to joining Tether, […]