News

The government of Guangzhou, a province in southern China, announced that it will launch a $150 million subsidy fund to aid the development of local blockchain projects. The government will selectively sponsor up to two “blockchain-related” projects per year, local Chinese media reported. China takes concrete steps to encourage blockchain development Following China’s President Xi […]

Daily XRP transactions are skyrocketing as Ripple prepares to host its annual conference, Swell. The hype around the event has not been able to push the price of this cryptocurrency higher, but there are several fundamental reasons to be bullish about XRP moving forward. Ripple’s Swell Swell is an invite-only annual conference, hosted by Ripple, that […]

Samsung is set to announce at the Samsung Developer Conference 2019 (SDC19) a comprehensive solution system that aims to help developers build mobile-compatible decentralized applications (DApp). Integrating blockchain technology Samsung seems to have understood the benefits that decentralization and transparency can bring into a wide range of industries, including finance, real state, and medicine. This […]

The average Bitcoin Cash (BCH) transaction size has increased from $7,420 to $24,050 in the aftermath of the controversy surrounding Bitmain. Bitmain has long been a backer of Bitcoin Cash since the emergence of Bitcoin ABC in 2017. As of August 2018, Bitmain is said to have held over one million in BCH, as said […]

Stellar has successfully completed its scheduled Protocol 12 upgrade, effectively disabling inflation for the network’s cross-border payments-focused crypto, Stellar Lumens (XLM). The Stellar Development Foundation (SDF), the non-profit that spearheads the development of Stellar, proposed three “Core Advancement Proposals” for the upgrade when they announced it at the start of October—modifications that were put into […]

Weiss Crypto Ratings recently stated that China would never use Bitcoin. The comments come after the nation’s Center for Information and Industry Development published the latest edition of its crypto rankings index. The Global Blockchain Technology Assessment Index China’s President Xi Jinping recently revealed that he wants his country to “take the leading position in […]

These are testing times for US crypto traders. Accessing the same services that their European counterparts take for granted has become an impossibly convoluted task. It’s also one that’s fraught with legal risk and the threat of sudden service withdrawal. And all for the dubious privilege of being able to trade a few harmless altcoins […]

A MakerDAO token holder almost single-handedly decreased the stability fee on the Dai stablecoin by 4 percent, as he held 94 percent of the voting power for the proposition. The vote for the 5.5 percent stability fee was executed on Oct. 28 with over 44,000 MKR in support of the decision. Single user votes to […]

Bitmain, one of the largest mining hardware manufacturers in the world, has ousted co-founder and largest shareholder Micree Zhan Ketuan in what seems to have been a bloody power struggle within the company. Bitmain CEO Jihan Wu announced Zhan’s in an internal memo, where he warned employees against taking instructions from Zhan. Bitmain’s biggest shareholders ousted […]

In an early-morning tweet on Oct. 29th, Tether announced that it would be performing a 300 million USDT chain swap. The conversion from the Omni protocol to ERC20 tokens will be conducted with a third-party that remains anonymous. A chain swap is a process in which a certain entity moves a given cryptocurrency from one […]