Blockchain

The VeChain Hack announced by the Foundation Medium official page. It claims that the hacker took around 1.1 billion tokens (~$6,500,000) and transferred them onto this address. The coins associated with the hacker were marked on the VeChainStats website. Anytime the hacker will transfer the coins, the website will update the labels.VeChain Foundation is Tracing the CoinsAccording to the short report, VeChain is using special software to track the coins. They have sent notifications to many...

The U.S. court has reportedly dismissed the law case for $150 million against the popular cryptocurrency derivatives exchange, FTX. The initial reasoning behind the lawsuit was market manipulation and unlicensed securities sales, but the court has not found any solid grounds to continue with the lawsuit.Cryptocurrency Exchange FTX ExoneratedEarlier this year, the cryptocurrency derivatives exchange FTX was accused of the sale of unlicensed securities in the U.S. and market manipulation. It...

Blockchain penetration in gaming continues to grow as we have two other industry giants joining hands. Semiconductor giant AMD, known for its popular x86 microprocessors, has joined hands with Estonia-based gaming platform Ultra.This strategic partnership is reportedly a part of a common mission of democratizing the gaming industry for players and developers alike. Speaking on this matter, Joerg Roskowetz, Head of Blockchain Technology of AMD, said:“AMD is excited about the use of blockchain...

European Central Bank’s head (and former International Monetary Fund’s head) Christine Lagarde said that the stablecoins market is gaining momentum and the officials need to keep up with changes:“My personal conviction is that giving the developments we are seeing, not so much in the bitcoin segment, but in the stablecoins projects. And we only know of one at the moment but there are others, being explored and underway at the moment. We’d better be ahead of the curve if that happens. Because...

In what has been seen by many to be a resurgence of the crypto space, decentralized virtual private network project Orchid (OXT) is set to be launched on the Coinbase professional platform – Coinbase Pro. Sources indicated that the ERC 20 based token will be introduced in phases to the platform. A blog post on the premier cryptocurrency exchange’s website indicates that support for OXT will be made available to all clients of the exchange in the supported jurisdictions except the state of New...

The investors in tech stock were pretty concerned this week since the infamous date of December 15 was approaching.However, now they can relax a bit since on Thursday United States President Donald Trump signed off on a so-called phase one trade deal with China, averting the December 15 introduction of a new wave of U.S. tariffs on approximately $160 billion in consumer goods from Asia.The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more...

Glencore PLC, one of the world’s largest cobalt producers and a public traded company announced its plan to join the Responsible Sourcing Blockchain Network (RSBN). Glencore will use the Hyperledger Fabric Platform for Cobalt production to track its cobalt production.RSBN is particularly an industrial collaboration using blockchain technology that supports “responsible sourcing and production practices from mine to market”. Moreover, the members of the network include companies from the auto,...

The U.S. Federal Trade Commission (FTC) said on Thursday it is considering the possibility to seek a preliminary injunction against social network Facebook Inc., claiming it is acting anticompetitive by integrating other social apps in its network.Besides its social network, the tech giant owns Instagram, Messenger and WhatsApp and this injunction wants to ban Facebook from further integrating new applications.According to a Wall Street Journal, in a situation where this would become an...

The trade war between the U.S. and China has been ongoing for many months and has somehow wiggled its way into pretty much any conversation that involves the U.S. or China. Some other countries are sometimes dragged into the mix because some of the effects of the tensions have been felt by these countries even though they aren’t directly involved. However, there might be some respite soon and with it, the chance that a few stocks might be worth good money if things go right.CNBC’s Jim Cramer...

The Dow Jones started jumping on Friday after the United States President Donald Trump signed off on the phase one trade deal with China presented to him by trade negotiators during a Thursday meeting at the White House.The agreement includes the delay of extra tariffs that would have been imposed on December 15 and reducing tariffs on $360 billion worth of Chinese imports by half. However, even though it is said that one of the main terms is for China to pledge to purchase large amounts of...