As technology advances, risks associated with it also increase. In this age when personal data is collected by social media and various other platforms at every step, none of it really remains private. In a recent talk, Diogo Monica, co-founder and the President of crypto security company Anchorage, talked about the use of crypto in...Read More
Since it’s inception, the case of whether Bitcoin should be hodled or not has always been debated. Two main objectives cause contention, should Bitcoin be a store of value, akin to digital gold, or should it be used as a medium of exchange similar to using dollars to buy coffee. While this caused divisions, fervor,...Read More
Bitcoin just gots its own emoji on Twitter! This was the top trending news today on crypto Twitter. Having been around for more than a decade, Bitcoin is, at last, being recognized (by institutions) and by Twitter. To use the Bitcoin emoji, just type the hashtag of Bitcoin(#Bitcoin), and the emoji just pops up. The...Read More
As network stability remained the focus for the Cardano ecosystem, Dimitris Poulopoulos, Project Manager for the Shelley Incentivised testnet addressed some key updates on its progress. This week the Cardano community saw the release of two versions of Jormungandr Node – 0.8.8 as well as 0.8.9. According to Poulopoulos, the 0.8.9 version was essentially made...Read More
David Burkett, the Grin++ developer who also acted as the lead dev working on the proposal to integrate MimbleWimble [MW] onto the Litecoin network, revealed some interesting details. The official blog published by the dev revealed that he found a way to support “non-interactive transactions” in MW. He stated, “The biggest news from January is...Read More
Research firm Gartner recently released a report that predicted that blockchain smart contracts would increase a company’s overall data quality by about 50% by 2023. Smart contracts simply put, are pieces of programming code that are invariably used on a blockchain. The Gartner report also predicted that the overall data asset availability would decrease by...Read More
Founder and managing director of Autonomous Partners, Arianna Simpson, recently took to twitter and officially announced that she would be joining the a16z crypto team as a deal partner. Many noted crypto investors and enthusiasts appreciated the move and congratulated Simpson. 1/ I have some news! I’m thrilled to announce I’ll be joining the @a16z...Read More
Over the years the number of cryptocurrency wallets has been increasing; latest data from Blockchain.com revealed an exponential increase and by the last week of January 2020, the number of cryptocurrency wallet users increased to over 45 million. A sharp increase was noted in the second quarter of 2019 when the numbers shot above 40...Read More
Bitcoin’s price has been surfing turbulent waters over the past 3 months. Dipping to $6900 and spiking up to to $9400 in a span of 90 days, marked a volatile 3 months for the largest digital asset. However, Bitcoin’s difficulty and the hash rate continued to rise over the past 90 days. BTC’s difficulty and...Read More
The leading fungible cryptocurrency – Monero – witnessed a major network upgrade in November 2019, with the network seeing a shift from the CryptoNight R algorithm to RandomX. The upgrade was a part of its constant effort to ward off application-specific integrated circuit mining [ASIC mining], thereby ensuring mining decentralizing by empowering CPU miners. Interestingly,...Read More
Sumitomo Mitsui Banking Corporation (SMBC), Japan‘s second-largest financial institution, has recently partnered with SBI Holdings to build a Blockchain-based financial service platform, according to a report. SMBC entered the partnership under the SBI umbrella intending to expand the distributed ledger services into corporate trade finance and individual bank remittances. Additionally, as a part of the...Read More
Ripple’s XRP-powered cross-border payment solution, On-Demand Liquidity [ODL] has seen an exponential rise since last year. The XRP/PHP trading pair on the Manila-based exchange Coins.ph, which leverages Ripple’s ODL, created a new record. Liquidity Bot Index revealed that XRP/PHP hit an all-time high of 2.7 million XRP on 29th January. Its previous high stood close...Read More
Litecoin creator, Charlie Lee has been vocal about LTC becoming a privacy coin in the near future. Lee had on-boarded Grin developer, David Burkett to implement the MimbleWimble [MW] protocol and use extension blocks for scalability and privacy on the network. Noting fungibility as one of the important properties of money that had been missing...Read More
Bitcoin price has definitely kept everyone at the edge of their seats, but the failure of Bitcoin exchange-traded funds [ETF] has been another talked-about topic through 2019 and 2018. Numerous prominent players have tried and failed at acquiring approval from the US regulators. However, 2020 may not be the year of ETFs, according to Michael...Read More
BitMEX Research’s previous data had stated over 60,000 non-cooperative channel closures took place on the Bitcoin’s lightning network. A non-cooperative channel closure takes place when a lightning network node initiates the closure of a payment channel without directly communicating with the node linked to the channel. BitMEX, in its recent research took an in-depth look...Read More
The Supreme Court resumed hearing in the ‘Crypto V. RBI’ case on 28 January and is yet to pronounce a judgment. With IAMAI’s counsel, Ashim Sood and cryptocurrencies exchange counsel Nakul Dewan, the judges’ bench was presented with various arguments against RBI’s “decision to control consumer behavior”. Sood argued that the central body failed to...Read More
“Libra, invariably because of the potential scale of the project, has been a force multiplier of changing the scope of the conversation.”, said Libra Association vice-chair, Dante Disparte. Libra did manage to send shockwaves across the halls of Congress and initiate the much-needed conversations about the sector. But considering Facebook’s tryst with the US regulators,...Read More
Bitcoin Cash, the famous fork of Bitcoin, has been the center of crypto-controversy for the past few days, and the reason behind it – one of the proposals presented for the upcoming network upgrade, scheduled to take place in May 2020. The announcement made by one of the largest mining pools – BTC.Top stated that...Read More
Leading cryptocurrency exchange, Binance’s estimated trading fee revenue in December 2019 was $18.7 million. The estimated trading fee revenue was calculated using CryptoRank.io reported volumes for December multiplied by average trading fees listed on the websites of the exchanges. The study which was conducted by CryptoDiffer revealed that the CZ-led platform was trailing behind the...Read More
Bitcoin has successfully completed a decade of inception, and has entered a new one with one of the most important events lined up – the halving. While the entire community is already looking forward for this event, there are some who have already started paying heed to the next big change that would unfold in...Read More
The advent of Bitcoin led to the inception of several other cryptocurrencies in the market, with each coin promising to solve a different ‘problem’, and presenting its own monetary model. There are some crypto-projects that decided to have a hard cap on its supply, and there are also other coins that decided not to have...Read More
The popularity of crypto-mining in Iran due to low electricity costs has been evident. In the latest news, Iran’s Ministry of Industries, Mining and Trade recently issued 1000+ licenses for cryptocurrency mining units, according to a report. A limited number of authorized mining farms were active across the country. Amir Hossein Saeedi Naeini, an official...Read More
DeFi continues to be a contentious topic in the blockchain industry. In recent months, the total USD locked in DeFi hit an ATH and is likely to see a significant increase. However with regard to DeFi adoption, many are still a bit more skeptical. Aleks Larsen, Investment Associate at Blockchain Capital in a recent conversation...Read More
As the Wuhan coronavirus continues to spread, more than 2,000 people have been infected so far and the death toll has risen to 56. However, the World Health Organization recently said that it was a bit too early to declare the outbreak “a public health emergency of international concern”. Spreading across China, reports came said...Read More
Digital currencies are increasingly being viewed as a reliable alternative off-late. Be it U.S-Iran tensions or the economic slowdown in developing countries, people are now curious about cryptocurrency and its use cases. However, the Governor of the Bank of France, Francois Villeroy de Galhau, believes otherwise. In a statement released on 25 January, the Governor...Read More
England’s Lancashire Cricket club recently announced that it has teamed up with TIXnGO, a blockchain mobile ticketing platform, to enable mobile ticketing via blockchain for all domestic and international fixtures at Emirates Old Trafford. With this, the club thus became the first-ever cricket club to use blockchain technology to sell tickets. The main advantage of...Read More
The XRP community faced a bump on 24 January when Twitter decided to ban the XRP Tipbot account, a service developed by Wietse Wind, an XRPL developer and founder of XRPL Labs. Wind informed users about the ban and explained that the tips on Twitter were not being processed; he also reassured them that the...Read More
Bitcoin’s constant deterrent towards true decentralization can be attributed to the centralization of mining, with several people expressing concerns over mining sector concentrating in China in particular. A move taken to make mining more decentralized was made by Blockstream – a bitcoin and blockchain technology firm. Unveiling Blockstream mining and pool in August 2019, the...Read More
Leading cryptocurrency exchange, Gemini announced the completion of its independent SOC 2 Type 2 examination. With this development, Gemini became the first crypto platform and custodian to complete a SOC 2 Type 2. SOC 2 Type 2 examination essentially covers the security compliance of the platform and Gemini Custody. In the latest blog post, Yusuf...Read More
The World Economic Forum in Davos, Switzerland is underway right now and some of the most prominent personalities in the world would be gathering at the event over the next three days, including many from the digital assets industry. Jeremy Allaire, Co-Founder of Circle, is one of them, with Allaire taking the podium on the...Read More
