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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 […]

Payment titan Mastercard was awarded a patent for developing a method of linking cryptographic forms of money to fiat currency accounts. Mastercard Aims to Augment Cryptocurrency Adoption Granted by the United States Patent and Trademark Office (USPTO) on July 17, 2018, the patent details a structure that manages “fractional reserves of blockchain currency.” Filed in […]

For the first time in their inception, Ethereum’s average transaction fees outstripped Bitcoin’s. Ethereum however, has since resumed its place as the more economical blockchain. As reported in a tweet by @JZay, Coin Metrics data revealed the momentary overtaking occurred July 1, 2018: Average transaction fees for Ethereum have surpassed Bitcoin for the first time […]

Imitating the infamous trend of adding “internet” to a company’s name during the dot-com bubble of 1999, China is experiencing a surge in companies registering their businesses with “blockchain” in their names. Adopting “Blockchain” According to the South China Morning Post, from January to July 2018 the number of companies undertaking such a step has risen […]