#Blockchain

PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems

July 18, 2018 by Nigel Dollentas at Bitcoin, Blockchain, Development, Mining, News, Tech

With bitcoin becoming more competitive, a new organization looks to bring decentralization back to mining by renovating the Proof of Work (PoW) consensus algorithm that some miners have come to love. The premise, in short, hopes to replace energy costs with manufacturing costs. Miner Profitability and Environmental Concerns PoWx is...

Brazilian Authorities Shutter International Cocaine Ring Financed Using Bitcoins

July 18, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Crime, News

The Brazilian Police force has successfully arrested several members of an international drug syndicate using cryptocurrency to launder proceeds from their illicit deals. End of the Road According to local news Folha de S. Paulo, Brazil's Federal Police have apprehended 12 people in connection with an international drug trafficking gang...

Monero Announces Successful Completion of “Bulletproof” Protocol’s Audit

Monero Announces Successful Completion of “Bulletproof” Protocol Audit

July 18, 2018 by Cindy Huynh at Altcoins, Blockchain, Development, News

Monero, a privacy-focused open-source cryptocurrency announced via Twitter that Kudelski Security, an independent Swiss cyber and media security solutions company, has completed the first successful technical audit of Monero compatible Bulletproofs on July 16, 2018. Monero also embedded a draft of the full report in a tweet. While there were a...

Man looking at Ether and Bitcoin sit in the water

Bitcoin Payments Processor BitPay Granted BitLicense

July 18, 2018 by contributor at Bitcoin, Blockchain, Ethereum, News, Regulation

After being criticized by the bitcoin community for its overly draconian nature, it appears the New York authorities are now ready for serious business. U.S.-based bitcoin payments processor BitPay has been granted the BitLicense, making it the eighth cryptocurrency related business to gain the New York Department of Financial Services (NYDFS)...

Global Regulators “FSB” Announce Cryptocurrencies Are Being Monitored

July 18, 2018 by John Iadeluca at Blockchain, News, Regulation

The regulators behind G20, the Financial Stability Board (FSB) have begun research on cryptocurrencies and their potential effects on the overall global economy. This comes months after the G20 meeting, in which a compromise was reached amongst different regulators and marketplaces. The monitoring that will be completed will mostly be...

Billion Dollar Hedge Fund Manager Believes Tech Talent is Moving in Waves

Billion Dollar Hedge Fund Manager Believes Blockchain Talent Is Moving in Waves

July 18, 2018 by John Iadeluca at Blockchain, News

The founder of crypto’s biggest hedge fund, Polychain Capital, discussed the current movement of top-tier talent in the tech sector from traditional entities to blockchain-based projects. Olaf Carlson-Wee, Polychain’s CEO, gave his input on why he believes crypto is in its best state yet in an interview with Fortune’s “The...

The UK may become a leader in the cryptocurrency economy

Report Shows the UK may Lead the Crypto Economy

July 18, 2018 by Cindy Huynh at Blockchain, Finance, News

According to a report from the Big Innovation Centre, DAG Global, and Deep Knowledge Analytics, Britain has all the necessary resources, the government support, and the industrial will to lead the cryptocurrency and blockchain movement in the next few years. Britain has been quite progressive in 2018 when it comes...

Thailand Announces State-Backed “Bond Coin” to Facilitate Faster Security Settlements and Clearance

July 18, 2018 by contributor at Blockchain, Finance, News

The Thailand government is swiftly taking steps to adopt and implement cryptocurrencies and blockchain technology within its administration. Local reports on July 16, 2018 confirmed that a prominent securities body in Thailand is developing a digital token to facilitate settlement clearing of corporate bonds. Bond Coin to Streamline Current Processes...

Oracle Releases Its Blockchain Cloud Service to the Public

July 18, 2018 by John Iadeluca at Blockchain, Business, News

Oracle, the computer giant and software service provider, released its blockchain cloud service to the general public on July 16. This indicates one of the largest enterprise blockchain service releases to date. The technology was already being utilized in early stages by private corporations, but it is now available on...

AI-Powered Crypto Trading with WatermelonBlock

July 17, 2018 by Robert DeVoe at Blockchain, Business, ICO/IEO, Investment, Tech

While cryptocurrencies have proven to be one of the most accessible means of investment for all different kinds of people, the system still has its issues. Notably, as there are thousands of different cryptocurrencies on the market today, and hundreds more launching through ICOs each month, it can be nearly...

IBM Partners with Stronghold to Create Stablecoin for Cryptocurrency Ecosystem

July 17, 2018 by Liam J Kelly at Altcoins, Blockchain, Business, Development, Finance, Investment, News

On July 17, 2018, global payment and trading platform Stronghold announced the launch of their stablecoin “Stronghold USD.” The cryptocurrency will be built on Stellar Lumens’ (XLM) blockchain and will offer a one-to-one ratio with the U.S. dollar. The San Francisco based firm also disclosed a strategic partnership with IBM...

Crypto Markets Rally as Bitcoin Moves Above $6,600 Mark: BTCManager’s Week in Review

Crypto Markets Rally as Bitcoin Moves Above $6,600 Mark: Week in Review July 16

July 17, 2018 by Alex Lielacher at Altcoins, Bitcoin, Blockchain, Ethereum, Finance, Investment, News

After a week of positive developments and rallying crypto prices, the market closed at $6,600 mark. The main bitcoin-negative news this week was the announcement by U.S. Department of Justice that Russian intelligence offers, who allegedly tampered with the 2016 U.S. presidential campaign by hacking the DNC and the Clinton...

EOS Funded Bot Accounts Allegedly Congested Ethereum Network

July 17, 2018 by Joseph Young at Altcoins, Blockchain, Ethereum, News, Tech, wallet

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...

Blockchain-based-Trade-Finance-to-Officially-Launch-in-Hong-Kong

Hong Kong Launches Blockchain-based Trade Finance

July 17, 2018 by John Iadeluca at Blockchain, Finance, News

The Hong Kong central bank has announced that its official launch next month will include a blockchain-built trade finance platform for logging transactions and credentials, which will therefore be immutable. Although the platform in no way utilizes cryptocurrency, it will be one of the largest bank-related blockchain integrations of all...

VanEck and SolidX File for Physically Traded Bitcoin ETF

VanEck and SolidX File for Physically Traded Bitcoin “Solid” ETF

July 16, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Finance, News

New York-based investment management firm, VanEck has partnered with SolidX blockchain and Fintech company, as part of a strategic move to launch a Bitcoin-backed ETF. A Tall Ambition? According to an ETF Strategy report,VanEck asset management company in conjunction with SolidX blockchain and Fintech firm have drafted a joint SEC...

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