News

In violation of the rules of the EOS constitution, the project’s 21 block producers have frozen seven accounts suspected to be compromised. The move was made in line with the EOS911 Initiative — a new security protocol designed to recover stolen funds and return them to the victims of phishing attacks. Knowingly violating rules of […]

South Korean Exchange Bithumb confirmed that it temporarily stopped all deposit and withdrawal services subsequent to a large-scale hack. Tweets posted and deleted by the official Bithumb Twitter account imply that over $30 million USD was lost during the hack. Bithumb, currently the sixth largest exchange in the world by 24-hour volume, posted a tweet […]

Since its inception, blockchain technology has enabled users worldwide the ability to access previously restricted services and information. On June 18, Freedom of the Press Foundation received $540k worth of Ether after extending their donation options into crypto. Crypto and Liberty Collide Organized in 2012, Freedom of the Press Foundation (FPF) is a non-profit organization […]

The TRON token migration is set to launch on June 21st, 2018. The majority of exchanges that trade TRX are prepared for the technical components of the ERC20 TRX to TRX migration. TRON will gain full independence from the Ethereum network on June 25th, when the TRX tokens are fully switched over to the freshly […]

On June 8, the South Korean Policy Advisory Council met to develop a regulatory framework for national cryptocurrency exchanges. Following the recent Coinrail Exchange hack, the South Korean government is imposing more stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) policies to better protect investors. Cryptocurrency Exchanges Recognized As Financial Institutions With the intention […]

Coinbase — the second largest company in the cryptocurrency market behind $12 billion giant, Bitmain — is working with third-party custodians and hedge funds to bring institutional investors into the cryptocurrency market. In the past few months, prominent hedge fund managers and investors have indicated that institutional investors are waiting on the sidelines — struggling to […]

Distributed ledger technology and blockchain are poised to revolutionize many industries. Everyone is waiting for that “first killer app” in the blockchain space — an area where the strength of a distributed immutable ledger will fill an immediate need. A natural fit would seem to be the supply chain. The supply chain is the process […]

A Cornell University computer science professor has taken aim at the governance model of the rapidly-evolving EOS model, predicting that the way in which EOS handles security flaws will result in a large-scale exchange hack within the next year. Associate Professor Emin Gün Sirer, notable for launching one of the first Proof of Work-based cryptocurrencies […]

Earlier this year, Square began supporting Bitcoin as a payment method on its Cash app platform. Announced on June 18, Cash app was granted a BitLicense to offer access to instant buying and selling of the world’s leading cryptocurrency in the state of New York. Seventh BitLicense Ever Granted A stringent regulatory body, the New […]

With the cryptocurrency market enduring a gradual downtrend, the top coins by market cap remain stable – bouncing off of monthly support lows. In the past 24 hours, the total cryptocurrency market rose by $8 billion. At press time, 84 out of 100 top cryptocurrencies are in the green.