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One of the most complex DApps to run on the Ethereum blockchain, Augur, is a decentralized prediction market enabling users to bet on almost anything. On July 18, 2018, Augur announced on Twitter that the first market on its platform confirmed $20K in payouts to users. World Cup Bets Pay Out $20K Three years after […]

With the impending legalization of cryptocurrency exchanges and businesses, South Korea continues to make way for blockchain development. A leader in the industry, South Korea is considering reducing taxes for blockchain startups to fuel ‘growth through innovation.’ Meeting on ‘Growth Through Innovation’ On July 13, 2018, the South Korean Ministry of Strategy and Finance met […]

The emergence of new regulations continues to fuel an influx of institutional capital in the cryptocurrency sector. In its H1 2018 report, Grayscale Investments revealed that the majority of cryptocurrency investments are coming from institutional investors. Rising Institutional Investor Interest Based in New York, Grayscale Investments is one of the largest digital currency investment firms […]

Cryptocurrency was all the buzz on Capitol Hill on Thursday. In two separate committee hearings, U.S. legislatures heard testimony on critical issues for the crypto-community.  The meetings held on July 18, 2018, discussed the efficacy of the decentralized economy, and lawmakers’ continual struggle to understand the shifting financial landscape and to implement policy accordingly. Both […]

Marc Lasry, co-founder, and CEO of Avenue Capital Group shared two interesting facts in a recent interview with CNBC. First, Lasry said that 1% of his net worth was invested in Bitcoin and second, he believes the world’s top digital currency could reach $40,000 one day. The billionaire investor revealed that although he first bought […]

In 2018, within a span of two months, the largest crypto exchanges in Japan and South Korea were hacked. A New York-based cyber security firm declared more breaches are yet to come. According to BLAKFX president Robert Statica, crypto exchanges are easier to hack than most online platforms, especially for experienced hackers. Statica explained that […]

According to Vitalik Buterin, Ethereum’s recent spam congestion transactions have racked up at least $15 million in gas fees. Facing record congestion in the form of soaring gas fees and pending transaction times, the Ethereum network has been recently stung with a gas price manipulation attack caused by thousands of spurious transactions. The attack’s orchestrators […]

Billions of dollars go into the sports betting market each year, and recent Supreme Court ruling will allow states to legalize it. Although sports betting is only a small section of the prediction market, it still relies on trust in a central party to run the exchange and handle the money. This may be a […]

Shark Tank star Kevin O’Leary, AKA “Mr. Wonderful,” said on CNBC’s Fast Money that he firmly believes not a dime from institutional investors will come into the crypto market, at least in the short-term. Custodianship Isn’t Enough, Regulators Have to be On Board Over the past 12 months, especially in early 2018, the narrative of […]

The burgeoning cryptocurrency sector gave rise to scores of unauthorized cryptocurrency mining malware infiltrating millions of computers worldwide. However, recent reports suggest the prominent hacking method may lose its relevance soon. Cryptojacking Losing Sheen? As reported by ZDNet on July 17, 2018, cybercriminals utilizing malicious software to mine cryptocurrencies are ironically facing the brunt of […]