News

According to a recent TABB Group research report titled “Crypto Trading: Platforms Target Institutional Market”, the Bitcoin over-the-counter (OTC) market is approximately three times larger than the exchange market. While cryptoasset exchanges process around $4 billion worth of bitcoin trades per day on a global basis, TABB’s evaluation is that the OTC market processes $12 […]

A Twitter user by the handle GeoCold posted a tweet on Oct. 7 announcing their intention to wage a 51 percent attack against altcoin Einsteinium and live-stream the entire event on Twitch. The user, who credits American hacker George Hotz with the idea to live stream the hack, isn’t coming from a place of malicious […]

The United Arab Emirates is spearheading cryptocurrency adoption in the Gulf region and intends to introduce initial coin offerings (ICOs) as a legal means-of-fundraising in 2019, reported Reuters on Oct. 8. UAE’s ICO Push The oil-dependent economy faces serious financial implications after its prized oil reserves run out in the next 50 years. However, rulers […]

As some of the world’s most entrenched institutions open their arms to cryptocurrency, the walled fortress of corporate acceptance seems to be disintegrating one pillar at a time. The latest is PricewaterhouseCoopers, the world’s second-largest professional services firm, who has thrown its weight behind a USD stablecoin project aiming to “usher in the next 100M […]

Cryptocurrency exchanges are still unregulated, though many go to great lengths to operate ethically. Digital assets as of now are not yet insured by organizations such as the FDIC, meaning if you lose your crypto, it could be gone for good. Makers of crypto wallets and currencies have responded to security concerns by implementing advanced […]

Rising costs and low profits push Bitmain to highlight manufacturing strength amid IPO preparations.

Last week, CryptoSlate reported on Japan resident Ken Takahashi’s Change.org petition to make Ripple’s XRP the official cryptocurrency of the 2020 Olympic games. At the time the petition had reached over 5K signatures toward a goal of 7,500. It now stands at nearly 12K signatures and has raised the end goal to 15K. Bypassing the […]

Cryptocurrency exchange Bitfinex addressed allegations and controversies propagated against its platform in recent times via a detailed Medium post on Oct. 7, 2018. Bitfinex Fights Allegations The Hong Kong-based company remains one of the world’s oldest running cryptocurrency exchanges and has maintained a strong reputation for security save a ghastly event in 2016 which saw […]

IBM announced the launch of its blockchain-based tracking program Food Trust yesterday, partnering with grocers the world over. Initial tests of the tracking system were narrow in scope, according to Forbes. Over the past 18 months, the system has been tested to track one or two items at a time throughout the supply chain. WalMart […]

Dubai’s credit agency announced an official partnership with cryptocurrency-payments provider Pundi X on Oct. 8, according to an official release. Pundi X Brings State-Backed Crypto to the Masses In a step towards the widespread adoption of blockchain technology and cryptocurrency as an accepted means-of-payment, Dubai’s Emcredit bureau and regional distributor Ebooc, a loyalty programs startup, […]