Tag: blockchain

Negotiations are underway for Stellar to purchase Chain, a blockchain tech startup, for $500 million worth of Stellar Lumens (XLM). Stellar Eyeing to Scoop Chain Engineering Talent San Francisco-based blockchain company, Chain, built a platform called Sequence. Sequence is described by Chain as a “ledger-as-a-service that enables organizations to securely track and transfer balances in a token format.” A tool…

READ MORE

The hack of Korean cryptocurrency exchange Bithumb on June 20, 2018, has once again raised concerns over the security practices of cryptocurrency exchanges. Here, the attackers made away with digital coins worth an estimated $31 million. While that figure does not eclipse the infamous Mt Gox hack of 2014, it has undoubtedly resurfaced similar investor concerns. The hack also triggered…

READ MORE

Initial coin offerings (ICOs) have been a useful tool as they have led to an explosion of start-up companies all around the world as these companies can raise billions of dollars through this fundraising method. However, according to the president and CEO of BATS Global Markets (Cboe), Chris Concannon, the market for ICOs is about to be hit with a…

READ MORE

Sergio Ermotti, the Chief Executive Officer of Swiss investment bank UBS, believes that blockchain may be the answer to the banking industry’s woes. UBS Chief Discusses Blockchain When asked about blockchain technology in an interview with Finder on June 19, 2018, Emotti replied affirmatively. “It’s almost a must. The freeing up of resources to become more efficient will come through…

READ MORE

In an exciting turn of events, the people at Tether seem to have finally done what they have not been able to do since dissolving their relationship with their auditor six months ago – produce an independent report on their currency reserves. While still not an actual audit, the report was supposed to silence the critics, but this is not…

READ MORE

Cryptocurrency enthusiasts have long heralded the arrival of institutional money, but expressed concerns over the limitations of trading pairs and the controversy surrounding Tether. TrueUSD Finds Favor Over Tether The recent success of TrueUSD, however, suggests that fiat-backed cryptocurrencies could be the bridge that enables institutional investors to enter the space confidently. The fully-audited Tether competitor launched in March, fully…

READ MORE

Irish cryptocurrency firms have been forced to cease trading activities or open foreign bank accounts after banks refused to provide their services to the digital asset sector. Irish Firms Face the Heat A report on The Irish Times on June 21, 2018, confirmed the claims of cryptocurrency businesses and listed out several firms facing the unfortunate situation. Cork-based Bitcove, a…

READ MORE

In the nascent digital currency sector, the pioneer cryptocurrency Bitcoin influences the price of a vast array of altcoins on the market. However, one man is ready to change the status quo to let all the alternative digital assets control their fate themselves. The Coinage Paradigm Shift On June 13, 2018, Coinage announced the launch of their mobile-focused cryptocurrency exchange…

READ MORE

Nine months after inception, the Indian government is set to launch a blockchain project to be known as IndiaChain. India’s Blockchain Push This will operate as a platform primarily aimed at reducing fraud, speeding up the enforcement of contracts, increasing the transparency of transactions, and boosting the agricultural economy of the country. The blockchain network is the brainchild of NITI…

READ MORE

Kiip, the leading mobile marketing and monetization platform, and Anheuser-Busch InBev (Ab InBev), the world’s largest brewer and brand builder, successfully launched the first-ever blockchain mobile ad campaign. Advertisements and Blockchain This is a significant innovation to the financial-community and the cryptocurrency community for two reasons: (1) it will help make brands more relevant to consumers and (2) it is essential…

READ MORE