#Blockchain

Crypto Exchange BTCC Shutting Down its Mining Pool Business

November 7, 2018 by Priyeshu Garg at Altcoins, Blockchain, Exchange, Mining, News, Platform, Tech

After four years of operation, Hong Kong-based cryptocurrency exchange BTCC is shutting down its mining pool business, BTCC Pool Limited, the company announced on their website on November 6, 2018. Mining Company BTCC Pool Shut Down Indefinitely A major crypto exchange based in Hong Kong has announced that it will...

BIS Report: Cryptocurrencies Are a Poor Store of Value, Unlikely to See Mass Adoption

November 7, 2018 by Aisshwarya Tiwari at Adoption, Altcoins, Bitcoin, Blockchain, Commentary, Finance, Guides, News

A report from the Bank for International Settlements titled “Money and payment systems in the digital age,” published November 1, 2018, suggests that leading cryptocurrencies such as bitcoin, ether, and stablecoin tether do not serve the primary functions of money, and are, therefore, a poor store of value. Unlikely to Witness...

Bitly Blocks Links to Cryptocurrency Websites on Its Platform

November 6, 2018 by Cindy Huynh at Altcoins, Blockchain, Commentary, Ethereum, News, Platform

Cryptocurrency enthusiasts are criticizing Bitly, the URL shortening company, for restricting access to cryptocurrency websites after Andreas Antonopoulos, the author of several well-known guides to Bitcoin, voiced the issue on Twitter. According to Antonopoulos’ tweet, published on November 3, 2018, the author was confused as to why the company had...

Bright Future or Dark Clouds Ahead for TRON?

Tron Exceeds One Million Transactions a Day; Surpasses Bitcoin, Ethereum, and Ripple

November 6, 2018 by Rahul Nambiampurath at Altcoins, Blockchain, Finance, News, Platform, Tech

Justin Sun, founder and CEO of Tron, has announced another significant milestone for the blockchain platform. On November 4, 2018, the network surpassed 1 million daily transactions for the first time in the project’s history. Sun tweeted to his followers, “#TRON surpassed 1 MILLION daily transactions! What's next?” Tron follower...

CoinGecko “Beam” Launched for Improving Transparency of Blockchain Projects

November 6, 2018 by Pratik Makadiya at Altcoins, Blockchain, Business, Exchange, Finance, News, Platform, Tech

On November 5, 2018, cryptocurrency charting application CoinGecko has launched a new feature dubbed Beam that is aimed at enhancing transparency amongst blockchain ventures. The latest feature will serve updates from developers of multiple blockchain projects at a single venue, making it a one-stop solution. Enabling Direct Interactions With a...

Thai Authorities Set to Use Blockchain Technology To Fight Tax Evasion

November 6, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Finance, News, Platform, Tech

In a bid to curb the menace of tax evasion and ensure workers pay their correct tax amounts, Thailand's Revenue Department has announced it would use distributed ledger technology (DLT) and machine learning for tax avoidance probes, according to a Bangkok Post report on November 5, 2018. Thai Authorities Unleash...

How the Truffle Suite Is Streamlining Ethereum Development

November 6, 2018 by Priyeshu Garg at Blockchain, Cryptocyclopedia, Development, Ethereum, Platform

Initially launched in 2015, Truffle promises to solve a number of key problems experienced by Ethereum developers in the course of building decentralized applications using smart contracts. Functioning with support from development leader ConsenSys, Truffle potentially holds the key to making Ethereum development simple and accessible to a new wave...

HSBC Completes Blockchain-Based Transaction for India’s Reliance Industries

November 5, 2018 by Cindy Huynh at Adoption, Blockchain, Business, Finance, News

The British multinational banking organization HSBC and Belgium’s ING Bank have partnered to execute a trade transaction using the blockchain network from a U.S.-based Tricon Energy to India’s Reliance Industries. According to an Economic Times article published on November 4, 2018, the blockchain-enabled letter of credit transaction is the first...

Bitcoin Hot Air Balloon Reading a Newspaper

Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

November 5, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Business, Finance, News, News Digest, Regulation

The price of bitcoin closed the week around two percent lower - reaching the $6,350 level - on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due...

App Mining; Blockstack’s Method of Rewarding Decentralized Applications

November 5, 2018 by Aisshwarya Tiwari at Altcoins, Blockchain, News, Platform, Tech

The Internet has evolved over a couple of decades and has changed the way software companies work and make money. In the nascent days of the internet, software developers spent time in building some crucial infrastructure and shared protocols like HTTP, SMTP, and TCP/IP which opened doors to the world...

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