About author: Joseph Young

On July 16, 2018, the average transaction fee of ether, the native cryptocurrency of Ethereum, surpassed that of bitcoin. But, it may be premature to conclude that ether is lagging behind bitcoin in scalability. JZay, a bitcoin researcher, and investor shared a transaction fee comparison chart provided by crypto asset analytics platform Coinmetrics, as shown below. The chart portrayed a…

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Salvador Casquero, former JPMorgan Head of Scandinavian Interest Rates Trading and Head of FX Sales at BBVA, two of the largest banks in the world, has said that banks have officially lost the race of finance to crypto and rapidly emerging fintech companies. Fintech Takes Over Banks For decades, banks like JPMorgan, Goldman Sachs, BBVA, and Citibank have had absolute…

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The development company behind the Internet of Things (IoT)-focused public blockchain network, Waltonchain, has secured a strategic partnership with the South Korea Food and Livestock Promotion Center, to encourage the usage of the blockchain in the agricultural and food distribution sector. The South Korea Food and Livestock Promotion Center is an agency that was formed in March of 2017, led…

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In a bid to improve the security level and general standards of cryptocurrency exchanges in South Korea, after a series of hacks and heists rattled the local cryptospace, the Korean Blockchain Association (KBA) formulated a set of stringent guidelines that would govern exchanges and crypto-related projects in the state. Partially Approved Now, the regulatory think tank has approved 12 exchanges,…

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Abra, the widely utilized cryptocurrency-based remittance platform, has integrated a functionality that enables its users to purchase bitcoin instantly with both credit and debit cards. Abra’s Cryptocurrency Push On Abra, similar to traditional remittance networks like Western Union and Moneygram, it is possible for users to send cryptocurrencies such as bitcoin and ether to individuals across the world via Abra…

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A discussion on July 15, 2018, within the largest online Ethereum community, the Ethereum Subreddit (r/Ethereum), claimed that EOS-funded bot accounts have been deliberately clogging up the Ethereum blockchain network, spending up to 50 ether every hour for over 24 hours. EOS Controversy An alleged 40 percent of the capacity of the Ethereum blockchain network was utilized to process the…

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Prominent Bitcoin and security expert, Andreas Antonopoulos, recently said in a talk presented at the University College Dublin in Ireland, that the success of crypto and blockchain can not be measured by price but must be measured by adoption. Pattern of Bubble, Eruption, Build, Rally Since 2012, the cryptocurrency sector and most major digital assets, such as bitcoin and ether,…

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Pundi X, a crypto Point of Sale (PoS) machine and network developer, has secured a deal with FAMA Group to supply crypto PoS machines to restaurant chains and cafes across Hong Kong. In an interview with local publication iNews24, Pundi X co-founder and CEO Zac Cheah said stated the high adoption rate of cryptocurrencies in Southeast Asia and the lack of infrastructure…

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During an interview on First on CNBC, Ethereum co-creator Joseph Lubin, the founder, and CEO of blockchain software studio ConsenSys, said that the price drop of ether, the native cryptocurrency of Ethereum, makes sense and that the network itself is in great shape. Co-Creator Speaks About Ether Lubin, who has led a group of over 600 software developers at ConsenSys…

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Bancor, a decentralized crypto exchange that raised $153 million in June 2017, has lost $12.5 million in ether, the native cryptocurrency of Ethereum, in a recent security breach. However, the blockchain protocol and its developers were criticized not for the theft of their funds, but for their ability to freeze funds using a centrally controlled system. Start of Controversy: Freezing…

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