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Despite waning prices and never-ending scalability debates, the Ethereum protocol continues to rake in massive revenues for network miners, with figures confirming $2.5 billion-a-year payouts. Ethereum Miners Rake in Big Money According to a report on TrustNodes, mining revenue accounts for about 8.3 percent of Ethereum’s market cap – which stands at $30 billion at […]

In the past eight months, the valuation of the crypto market has declined by more than 76 percent, from $900 billion to $215 billion. Yet, crypto hedge funds have raised more money than ever before. Demand is Accelerating on a Downtrend In July 2018, Barry Silbert’s Digital Currency Group subsidiary investment company Grayscale disclosed raising […]

Despite falling prices of cryptocurrencies like Bitcoin and Ether, a few market analysts believe 2018’s extended bear market is a mere price correction, and so-called Bitcoin “obituary” reports are “greatly exaggerated.” Exchange Fees Indicate Market Interest According to a report on Bloomberg, Sanford C. Bernstein & Co. analysts pointed out the massive revenues of cryptocurrency […]

Digital asset exchange Coinbase continues to make strides in streamlining user access to cryptocurrency payments and trading, following an application for a direct bitcoin payments system patent, filed Aug. 14. Making Bitcoin Payments More Convenient and Secure San Francisco-based startup Coinbase is seeking to solve the security issues surrounding direct bitcoin wallet payments, according to […]

Axoni, a New York-based enterprise provider of blockchain technology, has completed a $32 million Series B funding round. Major players took part in the funding round including  Goldman Sachs, NYCA Partners, Digital Currency Group, J.P. Morgan, Wells Fargo, Citi and Andreessen Horowitz. The funding round was announced on Axoni’s official blog, Aug. 14. Founded in […]

The Bitcoin ETF has been one of the biggest stories of 2018 in the crypto space. However, a similar product already exists and with it, investors in U.S. markets are able to allocate more funds into the Bitcoin market using normal brokerage accounts. Exchange-Traded Notes (ETNs) in Sweden Over the past several months, nine companies […]

The regulatory scrutiny over ICOs has led to the arrival of token “airdrops,” or free tokens in exchange for a few marketing efforts. However, a recent ruling by the SEC may end this augmenting form of generating hype for many cryptocurrency projects in the U.S. SEC Not Impressed A U.S. Securities and Exchange Commission filing, […]

Despite showing reluctance toward cryptocurrencies, the South Korean government revealed its intention to “nurture” eight growing sectors of the domestic economy–including blockchain technology. Korea’s Blockchain Push On Aug. 13, local news outlet Yonhap reported that South Korea set aside $4.4 billion (5 trillion won) to invest in distributed ledger systems and explore various administrative frameworks for […]

Ethereum co-founder Vitalik Buterin unleashed a “tweet storm,” Aug. 16, presumably to succinctly explain the Casper protocol to crypto-enthusiasts while dismissing rumors and misconceptions. The 75-tweet-long update from Buterin showcased the developer’s infuriation with commonly propagated rumors as well as fear, uncertainty and doubt (FUD). He also explained Casper, the blockchain protocol’s proof-of-stake (PoS) project. […]

In another example of blockchain technology’s prowess, the Union of European Football Associations (UEFA) revealed that it distributed 100 percent of the tickets for a recent football match solely using blockchain. UEFA’s Blockchain Success According to the official UEFA website, tickets for the UEFA Super Cup final between Real Madrid and Atletico Madrid, held in Tallinn, […]