Tag: business

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 by Nikhil Srinivasan, will help Coinbase to form a Facebook-style…

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Hong Kong’s push for implementing blockchain technology within its fintech prowess is fast progressing. The island country granted $20 million for the research and development of blockchain-based payments systems to several local universities, as reported by China News on August 12, 2018. Hong Kong’s Blockchain Push Hong Kong’s lack of innovative fintech products is spurring the government to turn towards…

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Bitmain, the Chinese mining conglomerate, is raising eyebrows ahead of its IPO in August 2018 after critics pointed out the firm is holding vast amounts of Bitcoin Cash (BCH). The company’s founder, Jihan Wu, is a popular proponent of the controversial Bitcoin hard fork. Bitmain’s BCH Woes On August 11, 2018, Blockstream CSO Samson Mow tweeted a post detailing Bitmain’s…

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Cryptocurrency is a big umbrella these days. With a whole bunch of coins, blockchains, and ICOs out there, and new ones every day, the industry contains a lot of potential and diversity. But in the beginning, when crypto first came about, it was intended to be used as a currency, as a means of exchange for goods and services. While…

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The future of the blockchain is dependent on the next generation of decentralized financial infrastructure. For the ecosystem to thrive, the use of cryptocurrencies and tokens must become considerably more user-friendly. The eventual success of dApps and decentralized services will depend on adoption by mainstream users. Herdius vision is to considerably lower the barrier of entry to the token economy…

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Hong-Kong private equity company GSR Capital is set to invest a whopping $270 million in Overstock’s blockchain based startup tZero. According to a press release published on August 9, 2018 Overstock also confirmed that GSR Capital would make an additional investment of about $30 million in tZero’s ICO, thus pushing the total amount being invested in the blockchain startup to…

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In an attempt to fortify the research efforts for Nimbus, a Nim implementation of a sharing client for Ethereum, the mobile dApp browsing provider company Status.im has teamed up with the brain behind the Nim on August 7, 2018. Establishing new Roles This partnership will mutually help both companies to spread their wings in respective sectors by supporting sharding research….

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On August 9, 2018, Paxos, the parent company of crypto exchange itBit, announced the launch of the Paxos Confirmation Service, a tool designed to streamline the post-trade confirmation process for the precious metals market. A Step toward Post-Trade Blockchain Solution Making the announcement, the company revealed that INTL FCStone Ltd., a financial services company based in London, will be the…

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The year 2018 witnessed an influx of blockchain and cryptocurrency firms in the global economy. Although these firms are still overcoming issues related to their practical application in the real world, imagining a world with its economy pivoted around digital ledgers might not be a distant dream. However, one must have noticed a stark similarity in the enterprise structure of…

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In early 2016, reports of a particularly crippling ransomware attack began to surface. While many of the victims were based in the U.S., the attacks were also witnessed in other parts of the world. The ransomware has proceeded to be active since then and continues to update and better itself with each version released. What Is SamSam? Leading security outfit…

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