About author: Cindy Huynh

Sun Exchange, a South African marketplace financing solar power via cryptocurrencies recently partnered with the United Nations Development Programme (UNDP) to power the Technical University of Moldova with cryptocurrency-funded solar energy. The deal should meet most of the University’s energy requirements since the solar-powered rooftop installations would reach 15,000 square meters in surface area. The idea is to test the…

READ MORE

JP Morgan is taking cryptocurrencies seriously by appointing London-based fintech head Oliver Harris to create a cryptocurrency strategy for the company, revealed on May 18. According to Business Insider Australia, Harris, 29, who is drawing out the cryptocurrency strategy, will become the head of cryptoasset strategy for the bank. For the past two years, Harris ran JP Morgan’s In-Residence program…

READ MORE

Brian Behlendorf, the executive director of the Hyperledger Project, sees significant evolvements in blockchain technology from scale, interoperability, and governance in 2018 and over the next few years. Pinpointing Progress As a leading figure in open-source software and one of the primary developers of the Apache web server, Behlendorf is currently working on the Hyperledger project to create enterprise-ready distributed…

READ MORE

On May 15, 2018, Amazon Web Services (AWS) announced a partnership with Kaleido, a new blockchain-based business cloud, and software-as-a-service (SaaS). The goal of the AWS and Kaleido partnership is to help AWS customers quickly build a custom enterprise blockchain. Low Adoption Rates Despite Fervor While enterprises are thinking of adopting blockchain technology, many realize the difficulties and hurdles such…

READ MORE

Hot cryptocurrency wallet provider Blockchain has recently hired academic and cryptocurrency economist, Dr. Garrick Hileman as blockchain’s head of research. He will explore cryptocurrency usage, geographical spread, and areas such as stable coins. Hileman has studied cryptocurrencies since 2011 and previously held positions at The London School of Economics and the University of Cambridge. He also developed the first course…

READ MORE

Karen Chen, the former president of UBS China, is now the chief executive officer of financial technology group Higgs Block Technology Pte. Ltd. Chen is another example of a financial veteran that decided to jump from the financial industry to the blockchain sector. Making the Crypto Leap However, according to a phone interview with Bloomberg, Chen mentioned that she left…

READ MORE

On May 15, 2018, the Texas State Securities Board entered into an emergency cease-and-desist order against cryptocurrency investment firm Wind Wide Coin for illegal, deceptive, and fraudulent behavior. Blowing in the Wind Wide Coin Scam The Houston-based firm was illegally offering a securitized cryptocurrency program while engaging in misleading practices. These included false endorsements from high profile celebrities, members of…

READ MORE

BitOasis, a cryptocurrency exchange present in the Middle East and North Africa will no longer process deposits or withdrawals in UAE’s dirhams from May 15, 2018. Anyone looking to access dirham balances in their BitOasis account or transfer more dirhams into the account will need to undergo the activities before the date mentioned above. According to Arabian Business, BitOasis, sent…

READ MORE

While cryptocurrencies are often associated with profit and finance, [email protected] and CureCoin hope to leverage the computational power of the network to fold proteins and cure diseases instead. According to the [email protected] website: “[email protected] is a project focused on disease research. The problems we’re solving require so many computer calculations – and we need your help to find the cures.”…

READ MORE

Coincall, a cryptocurrency portfolio tracker has recently published a list of shitcoins to inform the cryptocurrency community and raise awareness around ICO scams. The cryptocurrency movement initially began as an experiment with the positive intention of developing a better economic model for the future. When the ICO movement came, many projects raised significantly large funds. In 2017 there were over…

READ MORE