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Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

August 19, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Investment, News, Regulation

Binance, the world's largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release....

Ripple’s CTO Invented a Distributed Computer System in the 80s Before Satoshi’s Bitcoin

August 18, 2018 by Cindy Huynh at Altcoins, Blockchain, Development, News, Tech

David Schwartz, Ripple’s chief technology officer, had conjured a similar concept to Nakamoto’s Bitcoin blockchain 30 years ago, known as a "multilevel distributed computer system," reported The Next Web on August 17, 2018. On August 25, 1998, Schwartz filed a patent for the distributed computer system which was designed to use the...

U.S. Research Team Attempts to Solve Bitcoin’s Scalability Crisis

August 18, 2018 by contributor at Bitcoin, Blockchain, News, Tech

A research team from Northwestern University, in Illinois, U.S.A., believes they have unraveled one of Bitcoin’s long-standing nemesis: The problem of scalability. As reported by MarketWatch on August 15, 2018, the scholars put out details of their innovative solution. Scalability under Scrutiny While the problems of slow transactions are not...

Coinbase Acquires Distributed Systems to Become the Facebook of Crypto

August 18, 2018 by Pratik Makadiya at Blockchain, Business, Finance, News, Platform

In a bid to become the Facebook of the crypto sector, Coinbase, the world’s largest exchange for buying and selling digital currencies, announced the acquisition of Distributed Systems, a three-year-old startup building identity standards for dApps known as the clear protocol on August 16, 2018. The Distributed Systems team, lead...

Wyre Ties up with MakerDAO to Offer Dai-Based Fiat-Crypto Trading Pairs

August 18, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Blockchain, Business, Ethereum, Exchange, Finance, News

Wyre, the blockchain-based payment transfer company from San Francisco, has entered a new agreement with the developer of Dai to add the barely one-year-old stablecoin into its portfolio on August 14, 2018. Dependence on Speculative Cryptocurrencies Per the deal with MakerDAO, the firm that developed Dai, Wyre will roll out...

What Is Sharding?

August 18, 2018 by Alex Lielacher at Altcoins, Blockchain, Cryptocyclopedia, Ethereum, Tech

Sharding is a concept in database design, and as implied by its name, sharding involves creating smaller parts from a larger one. In the context of databases, sharding results in the creation of smaller partitions in the ledger. These partitions are thus referred to as shards. It is important to...

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Pantera Capital Primed to Raise $175 for Cryptocurrency-Focussed Venture Fund

August 17, 2018 by Ogwu Osaemezu Emmanuel at Altcoins, Blockchain, Exchange, Investment, News, Tech

A U.S.-based blockchain technology investment firm, Pantera Capital, has raised $71 million from 90 investors, out of the $175 million it's looking to get for its third cryptocurrency fund, reported TechCrunch on August 15, 2018. Aiming for the Moon At a time when the bears have the upper hand in...

“Blocklattice” Developer DEXON Foundation Secures $20 Million in Funding, Shares Speed Test Results

August 17, 2018 by Priyeshu Garg at Bitcoin, Blockchain, Exchange, Investment, News

DEXON Foundation, an offshoot of the world's first zero-fee, high-frequency cryptocurrency trading platform COBINHOOD, has bagged $20 million in a new funding round led by hedge fund firm IDG Capital. The nonprofit now plans on using the newly raised capital to expand and further strengthen its core specialty, which is...

Ripple Targets China for its Blockchain Platform

August 17, 2018 by Priyeshu Garg at Adoption, Altcoins, Blockchain, Business, Finance, News

Ripple is targeting China to advance its blockchain-based payments system according to commentary from Jeremy Light, VP of European Union strategic accounts at Ripple, confirmed with CNBC on August 15, 2018. China Is a Definite Target This move is highly unlikely to promote XRP but will undoubtedly help the exploration...

Playboy Sues Cryptocurrency Company for Breaching Contract

August 17, 2018 by Cindy Huynh at Altcoins, Blockchain, Business, Entertainment, News

Playboy Enterprises is currently suing a Canadian cryptocurrency company, Global Blockchain Technologies (GBT) on the allegation that the former fraudulently breached their contract with the adult entertainment company. On August 14, 2018, Playboy claimed that GBT failed to implement blockchain technology into Playboy’s online platform and media channels. “Compensatory and...

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