News

The cryptocurrency situation in Venezuela received a push on Tuesday, Aug. 14, after President Nicolás Maduro announced that the state-issued Petro token is legally a unit-of-account in the crisis-stricken country, ABC International reports. Maduro’s Giant Cryptocurrency Experiment Launched in February 2018, the oil-backed cryptocurrency Petro was developed by the Venezuelan government to evade U.S. and European […]

After its successful ICO (raising $13.5 mln USD in 10 days) in April 2018, the blockchain for enterprise enabler Unibright is now teaming up with out-of-the-box projects in the field of blockchain. The German-based company aiming to provide smart contracts to mainstream usage and NEM, an enterprise-grade blockchain platform, start a strategic partnership by adding […]

While cryptocurrency scams and lawsuits are usually based on “exit-scams” and outright frauds, Michael Terpin, a U.S.-based cryptocurrency investor, has filed a mammoth $224 million lawsuit against his telecom operator, citing the theft of digital tokens. AT&T’s Identity Gamble As reported by Reuters, Aug. 15, Terpin is holding telecommunications giant AT&T liable for gross negligence […]

With emerging regulations coming into place, institutional solutions to cryptocurrency investing are on the rise. Launched Aug. 15, U.S. investors are now able to invest in a fully-regulated Bitcoin ETN. Big Win for Bitcoin, Crypto Crowds Wall Street XBT Provider AB has released an exchange-traded note (ETN), called Bitcoin Tracker One, to U.S. investors, reports […]

Japanese messaging giant Line appears to be diving deeper into the world of cryptocurrency following its launch of a $10 million token venture fund. Line’s Third Foray into Crypto Tokyo-based Line has now become one of the first publicly traded companies to launch its own cryptocurrency investment fund, according to a press release. The news comes just […]

A German university released a cryptocurrency mining-centric report, Aug. 14, noting a rise in revenue generated by illegal mining software, despite the fall in “cryptojacking.” Coinhive Faces the Heat Again As reported by Digital Trends, RWTH University in Aachen, Germany, has presented a detailed account of the infamous, browser-based miner Coinhive being used to produce over $250,000 […]

A StellarX co-founder has released a new research project that describes why ICOs shouldn’t be held on the Ethereum network. While we finish up StellarX, we wanted to share a research project on Ethereum we did earlier in the year. We ran our own at-scale load tests, and got scary results. https://t.co/oNPKuZ2b24 pic.twitter.com/J0s32ioSHs — StellarX […]

Seven cryptocurrency businesses were approved by Thai regulators, Aug. 16, to legally conduct digital asset operations as part of the country’s shift toward optimizing the local blockchain, ICO and cryptocurrency ecosystem. Thailand’s Cryptocurrency Push According to the Thai SEC, seven businesses are allowed to pursue their business as legally-recognized operators immediately. Among the businesses are several […]

San Francisco-based exchange Coinbase is expanding its blockchain ecosystem to prepare for the onset of a regulated digital economy. To support its expansion efforts, Coinbase has acquired digital identity startup Distributed Systems. Coinbase Doubles Down on Digital Identity Coinbase, a digital asset exchange, has acquired digital identity startup Distributed Systems, according to a blog post […]

Stably is a fiat-collateralized stablecoin that provides transparent 1-to-1 parity to the U.S. dollar. On Aug. 16, Stably debuted its StableUSD token on the Ethereum mainnet. Fiat-backed, $100K Proof of True Reserve The Stably developer team has officially launched its StableUSD (USDS) token on the Ethereum network, according to a blog post. Based in Vancouver, Canada, Stably […]