Neo, a public blockchain and smart contracts platform announced that it has integrated with the Coinbase-led open-source project Rosetta. Neo integrates with #Rosetta, an open-source project led by Coinbase. We look forward to work together with Rosetta improving protocol integration processes in order to build the next-gen Internet.https://t.co/Nl8nF3OW4G — Neo Smart Economy (@Neo_Blockchain) August 28,...Read More
The international energy company, Equinor plans to repurpose gas flaring from U.S oil fields to support Bitcoin (BTC) mining, according to a new report from Arcane, a cryptocurrency market research hub. Arcane Research said that it received screenshots from Equinor’s blog that detailed the company’s plans to use natural gas, instead of flaring it, in...Read More
U.S. officials like the FBI, US Treasury, US Cyber Command, and the Cybersecurity and Infrastructure Security Agency issued a warning against North Korean hacker group ‘BeagleBoyz,’ which have resumed its attacks on banks and ATMs around the world. The officials also revealed that the hacker group was behind lucrative cryptocurrency thefts. The alert said that...Read More
Circle, a peer-to-peer technology that enables payments in cryptocurrency and San Fransisco based exchange Coinbase announced that they have upgraded the USDC stablecoin protocol and its smart contract. Both Circle and Coinbase are members of the Centre Consortium that manages USDC. Together, the firms aimed to make the payment process easy for people who use...Read More
The American multinational giant bank JPMorgan Chase & Co has entered into a strategic partnership with the blockchain-based company ConsenSys. As part of the deal, ConsenSys will acquire the bank’s enterprise blockchain platform – Quorum. ConsenSys Acquires JPM’s Quorum As reported earlier by Reuters, the New York-based blockchain startup has acquired Quorum and plans to...Read More
One of the well-known crypto investors, Brock Pierce, announced his candidature for office as an independent contestant. Now, Pierce has also revealed that Akon, the award-winning rapper, who’s also known for his interest in cryptocurrencies, will be his leading strategist. The two notably relate well as Brock Pierce continues to express the respect he has...Read More
Despite numerous reports claiming that the Chinese central bank is experimenting with large volume transactions for its CBDC, the bank recently said that it’s focusing on small retail transactions but confirmed that the trials are ongoing in numerous regions. China’s CBDC Trialed For Smaller Transactions In the past few weeks, various reports claimed that the...Read More
Synthetix started as a stablecoin but soon pivoted to satisfy the needs of DeFi users. Nowadays, it serves as one of the leading DeFi projects offering the trading of currencies, commodities, stocks, and other assets. Trading stocks is still dominated by traditional financial centers, being heavily regulated, and hard to automate. The same applies to...Read More
By Don Yu Coinbase was not targeted by any of the attack transactions and lost no funds At 10:57 PM PST 7/31/2020, Ethereum Classic (ETC) was 51% attacked resulting in ~800,000 ETC (~$5.8 million) of double spend transactions. At 8:15PM PST 8/5/2020, Ethereum Classic was 51% attacked again resulting in ~460,000 ETC (~$3.2 million) of...Read More
Paris Hilton, a businesswoman, model, singer, and heiress to the Hilton Hotel chain has successfully sold in an auction a picture of her cat as a non-fungible token on an Ethereum-based platform for 40 ETH. While employing the same platform to auction off a picture of his own, Ashton Kutcher burned the paper copy to...Read More
The Algorand Foundation and Algorand Inc have announced a significant upgrade to its layer-1 protocol that will enhance the platform’s abilities to power complex decentralized applications, including DeFi projects scalable to tens of millions of daily transactions with low fees. Algorand Protocol Update To Enhance DeFi Solutions The company announced the protocol upgrade in a...Read More
The U.S. Government’s acting Comptroller of the Currency allowed banks in the country to offer cryptocurrency custody services a little less than a month ago. Advocating the case for crypto, he now says that payments need to happen ‘virtually instantaneously.’ He also feels that ‘the crypto phenomenon cannot be ignored.’ Crypto-Friendly Brian: Payments Need To...Read More
Back in April this year, banking giant Capital One had filed a patent for an AI-based crypto fact-checking platform. The patent is now officially published. Will it find enough takers, given the bank’s massive 2019 data breach? Capital One Files Patent For AI-Based Crypto Information Analyzer According to Capital One’s patent, its artificial intelligence-led platform...Read More
How to pass the most trusted cryptocurrency platform’s security guidelines for ERC-20 tokens By Nadir Akhtar TL;DR: The ERC-20 standard has become a popular way to create digital assets and assign protocol voting rights on the Ethereum blockchain. When evaluating an ERC-20 token for listing, Coinbase performs a security assessment looking primarily for these four...Read More
Months after launching operations in China, the country’s Blockchain-based Service Network (BSN) saw the release of an official international website, aiming to attract global DLT developers as well. China’s BSN Goes International The Blockchain-based Service Network went live a few months back after a delay prompted by the COVID-19 pandemic. As CryptoPotato reported back then,...Read More
The large South Korean bank KB Kookmin Bank plans to launch a cryptocurrency custodial service for its clients. The new feature will be available after a partnership with the blockchain venture fund Hashed, the digital asset trading platform Cumberland Korea, and the smart contract security audit firm – Haechi Labs. Crypto Custody For KB Kookmin...Read More
China’s blockchain growth in terms of newly added firms in 2020 has surpassed the total figure seen in 2017. With support from the government, startups dedicated to developing decentralized ledger technology (DLT) are increasing in number with the country looking to dominate the emerging digital landscape. Current 2020 Figures Topple 2017’s Total In a tweet...Read More
The large American multinational bank Goldman Sachs has appointed a pro-blockchain head of its digital asset department – Mathew McDermott. In a recent interview, McDermott expressed his views that the global financial scene should be digitalized and even hinted that Goldman is exploring the possibility of launching its own stablecoin. Pro-Blockchain Head At Goldman Sachs...Read More
Central bank digital currency (CBDC) fever appears to be heating up across the APAC region as The Philippines announces plans to study the possibility of issuing its own sovereign virtual “coin.” Committee to Study Modalities for Possible CBDC Issuance According to a report by Bloomberg on Wednesday (July 29, 2020), the Bangko Sentral ng Pilipinas...Read More
A collaboration between the famous actor William Shatner and the DLT project WAX has sold 125,000 blockchain-based non-fungible token cards containing digital photographs of the actor’s memorabilia in less than ten minutes. William Shatner Sells Blockchain-based NFTs Born in 1931, Shatners has been an active actor for nearly 70 years. The Canadian entertainer, who is...Read More
According to Ethereum foundation’s official blog, Ethereum 2.0 validator launchpad testnet version officially went live on 27th July 2020. The development and research with regard to Ethereum 2.0 network have been ongoing for many months now and alongside Consensys and DeepWork Studio, the eth2 research team revealed that validators would be able to keep track...Read More
Russian chess grandmaster Garry Kasparov is a supporter of blockchain, cryptocurrencies, and Bitcoin in particular. In a recent interview, he outlined some of the digital assets’ merits, including increasing personal protection and allowing people to reclaim control over their finances. Kasparov Believes Bitcoin Is Here To Help Arguably the greatest chess player of all time,...Read More
The Bank of Lithuania has officially launched its blockchain-based digital collector coin called LBCOIN. Although bank officials clarified that it’s not a CBDC, they suggested LBCOIN could eventually lead to releasing a central bank digital currency. Bank Of Lithuania’s Digital Collector Coin As CryptoPotato reported recently, the central bank of the Baltic country had finished...Read More
Often referred to as the ‘Chinese Ethereum,’ NEO has teamed up with the state-backed BSN to drive mainstream adoption. NEO will become one of the technological pillars of the BSN, which includes tech and payment giants such as China UnionPay and China Mobile, in addition to the Chinese State Information Center, the official announcement stated....Read More
David Rutter, CEO of blockchain firm R3, is independently working on a platform that leverages the distributed ledger technology (DLT) for bond trading. Digitizing the Corporate Bond Market with Blockchain There is no doubt that the bond market is among the largest securities markets in the world, and yet trades are still handled over the...Read More
The Bank of Thailand (BOT) is ready to deploy its central bank digital currency (CBDC) to local corporations as part of the third phase of the project’s development. BOT Launches Third Phase of its Digital Currency Project Thailand’s central bank has stepped into the third phase of development of its digital currency, according to The...Read More
A recent report informs that Singapore has developed a fully functional blockchain-based payment network allowing faster and cheaper international settlements. The team behind it, including investment giant Temasek and US multinational bank JP Morgan, is finalizing technical details for the prototype, and the final product should arrive soon. Singapore Taps Blockchain For A Payment Network...Read More
US privacy advocates are worried that the 4th amendment does not protect Bitcoin transactions after a court ruled that the FBI agents hadn’t violated the law when they accessed data of Coinbase clients. Bitcoin Transactions Reveal Deeply Personal Information A week ago, CryptoPotato reported that a three-judge panel of the Court of Appeals for the...Read More
Chainlink continues with its impressive price performance after reaching a new all-time high today. Interestingly, the latest surge coincided with the launch of China’s Blockchain Service Network, which integrated Chainlink’s price oracles into its ecosystem. China’s BSN Launches As CryptoPotato reported in March this year, the world’s most populated country planned to introduce a DLT-based...Read More
A few hours back, Indian IT heavyweight, Tata Consultancy Services, announced the launch of Quartz™ Smart Solution for Crypto Services. The offering will help banks and other financial institutions provide ‘secure and seamless’ crypto trading facilities to their clientele. IT Giant TCS is Spearheading Crypto Adoption As per the official press release, Tata Consultancy Services’...Read More
