News

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, […]

Binance Labs, the incubation and investment arm of the world’s largest cryptocurrency exchange by daily volume, Binance, has divulged its position as lead investor in blockchain and smart contract verification startup CertiK—months after revealing the project as one of its premiere investments. Announced in a press release by New York-based CertiK, Oct. 8, Binance Labs […]

Vitalik Buterin, co-founder and ubiquitous mouthpiece of Ethereum, hinted the start of his detachment from the operational side of his creation and dropped a series of bombshell announcements about the progress of the smart contract platform’s much-anticipated scalability enhancements, including Casper and Plasma. In a tweet Oct. 6, Buterin claimed that the rubber has begun […]