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Arweave (AR) Blockchain Protocol Announces New Backers

November 8, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Arweave, a distributed ledger technology (DLT) project that’s building a permaweb system that would enable users to store content permanently, has attracted new backers, including Andreessen Horowitz’s a16z Crypto, Union Square Ventures and Multicoin Capital. Some members of these VC firms have also joined the Airweave community to contribute to...

Coinbase Launches Tezos (XTZ) Staking Program for U.S. Traders

November 7, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Coinbase, a leading U.S.-based crypto exchange now lets Tezos (XTZ) holders stake their tokens right from their Coinbase wallet and earn rewards. The exchange has also introduced the Coinbase Earn Tezos campaign, which enables anyone in a Coinbase-supported jurisdiction to earn up to $6 worth of XTZ by performing simple...

China’s Central Bank Promotes Blockchain Utility

November 7, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

China’s central bank and financial regulator, the People's Bank of China (PBoC) has endorsed the revolutionary distributed ledger technology (DLT). The apex bank has made it clear that blockchain tech has real use cases in the financial sector, as it significantly reduces the risks involved in trade finance, reports Reuters...

Australia: Minister says bad Actors Still Using Cryptocurrency to fuel Terrorism

November 7, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Australian Home Affairs Minister Peter Dutton has offered a stark warning claiming that terrorists are using crypto-currencies to fund their deadly missions, according to a report by SBS on November 7, 2019. Extremists Leveraging Cryptos to Cover Tracks Presenting at a counter-terror conference in Melbourne on November 7, 2019, Dutton...

Ripple’s Xpring Invests in Flare Networks

November 6, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Xpring, the investment arm of the Ripple distributed ledger technology (DLT) project, has invested in Flare Networks, a newly launched project that claims to be the first-ever Turing Complete Federated Byzantine Agreement (FBA) protocol, according to a blog post on November 5, 2019. Flare Networks Welcomes Xpring In line with...

Ripple, NUS Join Forces to Accelerate Fintech Growth in Singapore

November 6, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Ripple, the San Francisco-based distributed ledger technology (DLT) project in charge of the XRP altcoin, has joined forces with the National University of Singapore’s (NUS) School of Computing to launch a financial technology lab dubbed the NUS FinTech Lab. The team hopes the lab will help accelerate the growth of...

Samsung Unveils new Blockchain kit for Decentralized Application Developers

November 5, 2019 by Ogwu Osaemezu Emmanuel at Blockchain

Samsung Electronics has announced the launch of its much-anticipated blockchain software development kit (SDK), aimed at making it easier for developers of decentralized applications (dApps) to create blockchain solutions for its Galaxy smartphones, according to a BusinessKorea report on November 5, 2019. Samsung Blockchain SDK South Korean electronics and technology...

Huobi bitcoin put on ice United States Flag

Huobi Global Crypto Exchange to Freeze All U.S. Accounts on November 13

November 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Huobi Global, a leading cryptocurrency exchange with a presence in numerous jurisdictions across the globe, has announced plans to freeze the accounts of all United States users on November 13, 2019, due to regulatory uncertainties. U.S. traders are advised to withdraw their funds before that date, according to a blog...

Aeternity (AE) Blockchain Project Announces LIMA hard fork from Ethereum Blockchain

November 5, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Aeternity (AE), a next-generation open-source distributed ledger technology (DLT) network that claims to offer developers a robust platform for the creation of decentralized applications (dApps), has launched its LIMA hard fork, to provide AE miners with the most up to date software and entirely hand over governance to the community,...

Bittrex Exchange sued for Alleged Involvement in $1M Bitcoin Theft

November 5, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Gregg Bennett, a Seattle-based angel investor and bitcoin ‘hodler’ has dragged Bittrex cryptocurrency exchange to court for allegedly aiding a SIM swap attack that allowed hackers to steal his 100 BTC ($923,700). Bennet alleges that he exchange failed to promptly take action when it was first notified of the hack,...