Recently, Venezuela has found it almost impossible to make scheduled payment for $120 billion debt it owes foreign lenders and bondholders, due to the sanctions that forbids its government from using the US banking system. The President, Nicolás Maduro, of the country has now resorted to an ingenious way of raising funds for the nation; […]
Source: dencg / Shutterstock.com Over the past few years, the number of monthly Bitcoin transactions has skyrocketed. Source: Wikipedia The problem is, the current mechanism is not sufficient to maintain these levels of growth. Right now, the state of all blockchain protocols involves every node storing all states and processing all transactions. While this provides […]
Credit:iStock.com/ByoungJoo Once again, regulators at the U.S. Securities and Exchange Commission (SEC) have rejected applications for Bitcoin-based exchange-traded funds (ETFs), citing volatility as their main concern. Three different funds submitted proposals for the ETFs. However, all three put distance between the proposed product and the underlying asset, meaning that the ETFs would not hold Bitcoin […]
January 10, 2018 12:17 AM The vice chairman of the South Korean Financial Services Commission is calling for support from regulators around the world to examine cryptocurrencies. On January 8, 2018, vice chairman of the South Korean Financial Services Commission, Kim Yong-bum, appeared before the Steering Committee of the Financial Stability Board (FSB), an international […]
January 10, 2018 12:42 AM On Tuesday, the company announced KODAKOne, a blockchain-based platform that aims to assist photographers with the registration and licensing of their work, along with a token offering. Some are questioning the strategy. A picture’s worth a thousand words, and to investors in Eastman Kodak, a blockchain is apparently worth about […]
Zcash was launched in October 2016 and is a fork of bitcoin designed with speed and privacy in mind. A fork from bitcoin means that Zcash uses the same basic programming as bitcoin does but the developers have made changes to the programming align it with Zcash’s vision for the cryptocurrency. How Zcash is different […]
While everyone was in shock and awe at what appeared to be a cryptocurrency crash (it wasn’t), one digital currency kept on gradually inching higher. And no points for guessing—it was Ethereum. Always touted as the strongest rival to Bitcoin, Ether has been gaining ground on the back of the attractiveness of the Ethereum platform. […]
The price of ether, the native token of the ethereum platform, is bucking the bearish trend seen in top 10 cryptocurrencies by market capitalization. As per data source OnChainFX, ether (ETH) has appreciated by 7.44 percent in the last 24 hours. Meanwhile, bitcoin, litecoin, stellar lumens and dash are down at least 3 percent each. […]
Telegram is planning to launch its own ICO. Image by Creative Thoughts. Telegram Planning An ICO, Aims to Raise USD 500 Million in Pre-ICO Telegram is planning to launch its own ICO, which will fund the development of its own blockchain platform and cryptocurrency. As reported by TechCrunch, Telegram’s cryptocurrency will be used for payments on […]
The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple’s XRP token. However, as with that controversial market move, the massive uptick in value bears […]
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