News

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 […]

A proposed bill in the Australia parliament is stifling the citizens’ right to privacy. The bill calls for a software “backdoor” to encrypted data for government authorities to access on demand. If passed, decentralized applications–which pride on their privacy features–stand to bear the brunt. As blockchain technology and cryptocurrencies gain prominence, a major issue most […]

On Oct. 6, Ethereum transactions reached a daily average of 600,000 as network fees and ETH prices decreased. Just last month, the network saw faltering transaction rates and the drop of a yearly-low of 434,000, reported Trustnodes on Oct. 7. Increasing Interest A look at ether’s (ETH) transactional history chart indicates falling ETH prices made […]

According to a recent news release by the Israel Securities Authority (ISA), the regulator has started utilizing blockchain technology to improve cybersecurity and more effectively address challenges regarding information security. The ISA was established in 1968 and seeks to ensure an efficient capital market based on transparency and fairness. The ISA models its practices on […]

According to a recently published Diar report, venture capital investments in crypto and blockchain companies have nearly tripled in the first three quarters of 2018 from that of 2017. Diar references data from Pitchbook that reveals that blockchain and crypto-related companies have raised approximately $3.9 billion in venture capital this year. This figure represents a […]

Ten years after the launch of Bitcoin in 2008, the world is yet to witness the widespread adoption of cryptocurrencies as an accepted form of payment – even in concentrated geographics. The Decentralization Irony Diving into the cryptocurrency market a bit deeper displays shortcomings beyond those mentioned above; which include usability issues, compliance roadblocks, and […]