#Blockchain

Reddit’s Bitcoin Community Reaches 1 Million Subscribers

December 3, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Finance, News, Platform, Tech

While Bitcoin's price has been on a continuous downward slope since November, the cryptocurrency's official subreddit, 'r/Bitcoin', has achieved one of the biggest milestones on Reddit, reaching 1 million subscribers on December 2, 2018. Bitcoin's Subreddit Reaches an Important Milestone Despite the raging bear market that has been shaking the...

Bitcoin Mining Carts Heading Through Portal

Canadian Firm Squire Mining Set to Acquire CoinGeek in $45 Million Deal

December 3, 2018 by Aisshwarya Tiwari at Bitcoin, Blockchain, Finance, News, Platform, Tech

According to an article published by Finance Magnets, dated December 3, 2018, Canadian firm Squire Mining is set to purchase CoinGeek, a cryptocurrency news website, and mining pool operator. Acquisition Cost Close to $45.3 Million Based out of Vancouver, Canada, Squire Mine is an ASIC chip designing firm with a...

University of Basel Awards Ethereum Co-Founder with Honorary Doctorate

December 3, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Ethereum, News, Tech

The co-founder of Ethereum Vitalik Buterin has been awarded an honorary doctorate in economics by the University of Basel, an official statement published November 30, 2018, revealed. The institution's Faculty of Business and Economics acknowledged that Buterin's contributions had had a profound impact on the blockchain and cryptocurrency industry. Awarding...

G20 Nations Agree to Work to Formulate Regulations on Cryptocurrencies

December 3, 2018 by Pratik Makadiya at Altcoins, Blockchain, Ethereum, News, Platform, Regulation

At the 2018 G20 summit, that was held on 30 November 2018, and 1 December 2018 in Buenos Aires, leaders of the member states pledged to work on a regulatory framework on cryptocurrencies to combat money laundering and terrorist financing, in conformity with the guidelines laid down by the Financial...

Computing Rigs Powering the Cryptocurrency Mining Industry

More Than 100,000 Mining Operations Shut Down Since Bitcoin Plunge

December 3, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Mining, News, Platform, Tech

The recent rout in Bitcoin has caused more than 100,000 mining operations to close as they become unprofitable, leading to a consolidation going on among miners as the threat of hacks and fight over network control rise, Bloomberg reported on December 3, 2018. Falling Crypto Prices Have a Profound Effect...

Cryptocurrencies and Blockchain Technology will Propel “Open Source” Banking

Huawei Cloud Launches its Blockchain Services Globally

December 3, 2018 by Pratik Makadiya at Adoption, Blockchain, Business, Development, News

After earning significant success in China, Huawei Cloud launched its Blockchain Services (BCS) globally earlier this month. Per a press release issued by the company on November 29, 2018, the service will help create, manage, and deploy blockchain applications economically on the company-run cloud. Advantages of BCS According to the...

Hands Joining In a Circle Around Blue Blocks

The First Blockchain Association Opens up in Mexico

December 2, 2018 by Cindy Huynh at Adoption, Blockchain, Development, News, Regulation

The first Blockchain Association in Mexico was recently formed by seven founding members which included Bitso, BIVA, GBM, Lvna Capital, Volabit, ConsenSys, and Exponent Capital. According to the Mexico Forbes article published on November 28, 2018, the organizations are keen to educate Mexican citizens about blockchain technology and form safety...

Why is the Price of Bitcoin And Cryptocurrency Crashing

UBS’ Paul Donovan Claims Bitcoin Is in its Death Throes and Wants it “Buried”

December 2, 2018 by Rahul Nambiampurath at Adoption, Bitcoin, Blockchain, Commentary, Finance, News

In a scathing November 26, 2018, blog post titled “I come to bury Bitcoin, not to praise it,” UBS Group’s Global Chief Economist Paul Donovan has called for the end of the cryptocurrency bubble. Claiming that bitcoin is in its “death throes,” he attempted to reason that a loss of...

IBM Helps Jewelers to Avoid Blood Diamonds with Blockchain

Blockchain Technology Could Tackle the Opaque Supply Chain of Jewelry Industry

December 2, 2018 by Aisshwarya Tiwari at Blockchain, Business, Development, News

According to an article published by The New York Times on November 30, 2018, blockchain technology could prove to be a game changer for the jewelry industry. The innovation’s inherently transparent and immutable nature could mitigate the risk of counterfeiting within the fragmented supply chain specific to the industry. Increasing...

World’s First Blockchain-Based Oil Trading Platform Launched

December 2, 2018 by Aisshwarya Tiwari at Blockchain, Business, Mining, News, Tech

VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018. The launch entails the birth of the world’s first enterprise-grade DLT platform in the oil and energy industry. Improved Security and...

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