News

Among the bustle of crypto-related activities in Washington this week, an important announcement surfaced from Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB).

Newly emerging crypto exchanges, equipped with billions of dollars in daily trading volume, are thriving based on fake numbers and malpractices, which may have a significantly negative impact on the long-term growth of the crypto market. Fake Versus Real Exchanges Since early 2018, upon the launch of exchanges such as BitForex and FCoin with controversial […]

As blockchain and cryptocurrency move from obscurity to celebrity, a number of the industry’s rogue talents join the league of legends.

A University of Pennsylvania legal research report concluded Initial Coin Offerings (ICOs) have mostly “failed” to reflect on their contractual promises as described in their whitepapers. ICO Projects a Far-Fetched Endeavour Titled “Coin-Operated Capitalism,” the paper was released on July 17, 2018, and aims to explore ICOs as a legitimate option of fundraising. The paper […]

The most popular smart contract platform in the world is working diligently to solve its issues with scaling and user interface. In a recent update, Ethereum software client Parity received a major upgrade that caters primarily to commercial users. Parity Removes Graphical User Interface On July 18, 2018, Parity Technologies released a blog post outlining the […]

Institutional bank Wells Fargo applied for a token-based patent on July 17, 2018, detailing a tokenization system method that protects customer data. Bank Addresses Tokenization Benefits According to a filing published by the U.S. Patent and Trademark Office (USPTO), the San Francisco-based bank seeks to create a system that locates various data elements, such as […]

San Francisco-based Coinbase backpedaled on its Security and Exchange Commision (SEC) approval announcement after previously exciting a furor in cryptocurrency circles for claiming the contrary. Coinbase Backpedals Statements On July 17, 2018, CryptoSlate reported that cryptocurrency exchange behemoth Coinbase received approvals from the SEC and Financial Industry Regulatory Authority (FINRA) to acquire Keystone Capital Corp., […]

Famously touted as the “Crypto Valley,” the Swiss city of Zug is losing sheen in favor of other cities and jurisdictions as cryptocurrency startups reportedly face difficulties in administration and governances in the European country. Switzerland Faces Brain Drain As reported by Reuters on July 19, 2018, cryptocurrency projects based in Switzerland are feeling the […]

As a smart contract platform boasting a focus on user experience, Tron recently launched its mainnet and began migrating off the Ethereum blockchain. On July 19, TRON’s founder Justin Sun became one of the network’s 27 super representatives. CEO of TRON Foundation and TRON Block Producer On July 18, 2018, Sun took to Twitter and announced his […]

On July 17, 2018, eToro, the world's largest social investing platform, published a market research report on Cardano – the eighth largest cryptocurrency by market cap.