News

The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation plan that was unveiled on Jan. 20th. Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises […]

The IOTA community was able to help gather enough evidence to allow authorities to catch an alleged hacker who stole over $11 million MIOTA tokens in early 2018. The suspect was apprehended by German Police and Europol at the end of January. IOTA said in a blog post that it was “proud to see collaboration between […]

Facebook acquired its first company in the blockchain space, smart contract protocol development and research firm Chainspace. The move was likely made to acquire the company’s team of experienced crypto developers. Chainspace is an 11-person company that was started by five well-credentialed co-founders, including two Cambridge PhDs, several researchers from the University College of London, […]

Kraken announced that it had purchased Crypto Facilities, a regulated cryptocurrencies trading platform and index provider based out of London, in a “nine-figure” acquisition. Within the last eight hours, Kraken announced its purchase of Crypto Facilities with the intent to become a “global leader in cryptocurrency spot and futures trading.” Background on Crypto Facilities Crypto […]

In the wake of the 2017 market boom, hundreds of blockchain tech consultancies sprung up to service the overwhelming amount of investment that entered the cryptocurrency space. These companies are often based out of places with low median incomes per capita, taking advantage of cheap development costs in places such as India and Eastern Europe. […]

In its January report, the Organisation for Economic Co-Operation and Development (OECD) explained some of the intricacies of ICOs in modern finance. Although ICOs still offer advantages for startups, it comes at a steep cost. The organization concluded that ICOs can’t be properly harnessed until there is regulatory consensus internationally and it is unlikely to […]

After Ethereum core developers expressed broad support in January for ProgPoW—an ASIC resistant upgrade to the Ethereum network—the Ethereum community raised concerns that the highly anticipated patch may cause the same problem it was intended to solve. Now the future of ProgPoW is in question. ProgPoW is short for Programmatic Proof of Work. The proposed […]

On Jan. 5th, Ethereum Classic (ETC) suffered a 51% attack losing a total of more than US$1 million spread over 15 different transactions. The scale of this attack can offer some lessons to the challenges faced by blockchains secured by Proof of Work (PoW). This is not the first majority attack that has occurred. In […]

The Pacific Northwest’s StableUSD is scheduled for listing on Binance on Feb. 5th. Stably’s USDS is a cryptocurrency that aims to introduce additional transparency and reliability into a fiat-backed stablecoin. Binance announced that it will list StableUSD (USDS) on Feb. 5th, 2019 at 19:00 PST, Feb. 6th 03:00 UTC, for BTC to USDS and BNB […]

Recently, NEO has noticeably increased its activity in the United States. In a possible effort to reposition itself as a contender in the Western market, NEO is hosting its 2019 DevCon in Seattle, Washington, this February 16th through 17th. The conference is consistent with NEO’s goal to become the “most developer-friendly public blockchain project and […]