The problem is well known for Bitcoin; there are more transactions than miners can confirm. Now the shortage has reached Ethereum. Especially after popular ICOs, like Status’, the transaction volume is far beyond the network’s capacity. This problem could be… Continue Reading →
It is widely known that Bitcoin has enjoyed immense popularity with underground crime markets because of the anonymity associated with financial transactions. Despite becoming mainstream for traditional businesses and everyday consumer commerce, crypto’s nefarious use remains strong, with ransomware and… Continue Reading →
Gambling is considered one of the most ancient traditions found in the humankind regardless of culture or civilization. There are known instances of gambling in the Roman Republic, ancient Egypt, ancient China, and even the Northern Europe. There are numerous… Continue Reading →
Tel Aviv-based blockchain company Colu announced the launch of its second local digital currency in the United Kingdom, named the “Local Pound, East London” (ELP) a digital currency pegged against the British Pound. Colu believes that the key to supporting… Continue Reading →
With terrorist activity concerns continuing to escalate, four U.S. senators have proposed legislation that would lead to significantly expanded federal government powers to seize citizen money when traveling to or from the United States. On May 25, a bi-partisan congressional… Continue Reading →
Matt Hall and John Watkinson, the co-founders of Larva Labs, a mobile app development studio that has created some of the most popular iOS and Android applications, released their latest project called CryptoPunks, an Ethereum-based tokenized ecosystem wherein digital creators… Continue Reading →
The UK’s financial regulator, the Financial Conduct Authority (FCA), has announced the second cohort of its fintech sandbox on June 15. Out of the 24 startups joining this year’s cohort, nine are developing solutions using blockchain technology, which is a… Continue Reading →
Bitcoin reached a new all-time high in June when it inched close to the $3,000 mark after an impressive six-month rally that saw the cryptocurrency triple in value. Unsurprisingly, bitcoin has been all over the media in the past few… Continue Reading →
On June 16, Jeff Garzik announced the Alpha release of SegWit2x. After all, miners who have signed the agreement started to signal for its activation, SegWit2x is nearly instantly backed by more than 75 percent of the hash rate. The… Continue Reading →
Due to bitcoin’s pseudo-anonymous nature, which makes it difficult to link transactions to the individuals conducting them, bitcoin has become the new go-to ransom payment method in ransomware attacks. This development has led cybersecurity firms to buy and store bitcoin… Continue Reading →
Insurance giant AIG, the commercial bank Standard Chartered, and IBM have announced the successful completion of the pilot of the first ever multinational smart contract insurance policy backed by blockchain technology. The solution was built by IBM and is based… Continue Reading →
Making international remittances fair and simple was among the first use cases invented for Bitcoin. Even though the initial concept of low fees and high-speed transactions is now threatened by the increased load on the network and complete absence of… Continue Reading →
Cryptocurrency has gone a long way from a geek thingy to the protagonist of headlines in mainstream media, which took it less than ten years to accomplish. Blockchain technology that underlies cryptocurrencies has gone even farther and now finds use… Continue Reading →
In the midst of BTC-USD being propelled to dizzying new all-time highs thanks to an unprecedented amount of support and bullish sentiment, two people have partnered together in what seems to be a rapid acquisition of intellectual property around Bitcoin… Continue Reading →
Everledger, the London-based startup that uses the blockchain to securely store data and provide provenance for high-value physical assets such as diamonds and artwork, has entered into a partnership with the Singapore Diamond Investment Exchange (SDiX) and physical commodity markets… Continue Reading →
June 2017 may be remembered as the month that the true ‘flippening’ occurred, from bitcoin to litecoin, precipitated by a Prague-based group promoting and educating the public on crypto-anarchist philosophy. The stakes are high for bitcoin, with a face-off between… Continue Reading →
The price of bitcoin took a dive during the week beginning June 12 from its all-time high at $2,997 to its June low at $2,212 after Chinese mining hardware producer Bitmain announced its “contingency plan” against the proposed BIP148 UASF… Continue Reading →
Switzerland-based blockchain startup Melonport has announced Version 0.1.0 of its digital asset management platform. The portal is built on the Ethereum blockchain and is now operating within the Kovan testnet. Melonport is developing a digital asset management protocol that allows… Continue Reading →
The impressive rally in digital currencies in the past three months has given the cryptocurrency mining industry a boost. Demand for mining equipment is higher than ever as individuals and companies are looking to profit from the increased value of… Continue Reading →
Polygon, a decentralized Ethereum scaling platform, launches its new Polygon ID, which could enable customers to pass Know-Your-Customer (KYC) verification without disclosing personal information. The Platform will be Privacy-Centered In Web 3.0, the promise is to put consumer needs before…
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