Blockchain

Banking app Revolut has introduced a new feature that will allow many users to use the app just like any other bank account. The introduction of the direct debit feature for the UK pound has enabled users to be able to pay for goods and services with direct debit as it is becoming the norm for many businesses at the moment. Already Euro direct debit services were started last year. Many businesses prefer direct debits as card transaction fees and chargebacks are usually more problems than...

With the current expansion of and new entrants into the crypto space, ex-UBS employee Claude Waelchli has decided of a lifetime: to pitch his tent (and his life as well) with cryptocurrencies. After leading the Global team for the management of portfolios for ultra-high net worth individuals and institutions, Waelchi has decided to settle for nothing less than the best as he studied digital assets and to launch his own startup Tokenyz. The new cryptocurrency startup’s name is a play on the...

The recent Upbit hack crashed all the cryptos down and again reminded crypto investors how vulnerable this sector is. However, this was the last among seven majors hacks that happened this year. So, let’s mention some of them:CryptopiaAround January 15, New Zealand-based cryptocurrency exchange Cryptopia said there was $3.2 million in tokens stolen and the company went into the liquidation. However, on Jan. 20, it was reported that as much as $16 million worth of Ethereum (ETH) and ERC20...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 760. Heute sprechen wir über folgende Themen: Bitcoin Börse UpBit gehackt – 50 Mio. USD gestohlen, Studie zeigt Mängel im Lightning-Netzwerk auf & PlusToken Scam Bitcoin Abverkauf. 1.) Bitcoin Börse UpBit gehackt – 50 Mio. USD gestohlenhttps://cryptomonday.de/breaking-news-bitcoin-boerse-upbit-gehackt-50-mio-usd-gestohlen/ 2.) „Ökonomisch irrational“: Studie zeigt Mängel im Lightning-Netzwerk...

Crypto Twitter members breathed a collective sigh of relief today after some reassurance from the man himself. Square Crypto, whose Twitter account is seemingly manned by bitcoin bull Jack Dorsey, revealed that the Twitter account of the late Hal Finney isn’t going anywhere. It started with a tweet by bitcoin rewards app Lolli, which asked Dorsey and Twitter what would happen to the @halfin handle in light of the social media platform’s pursuit to shutter inactive accounts. Hal Finney was a...

Matic Network, the platform working on solutions to the scalability issues of the Ethereum blockchain and using Plasma side chains and a Proof-of-Stake network, has announced its public incentivized staking testnet event Counter Stake is finally live.Counter Stake has arrived!Matic’s public incentivized staking testnet event is now officially live.We have released a detailed step-by-step guide on setting up your node. Over 3 million $MATIC tokens are to be shared among participants ?Read...

GoCrypto (GoC), the native token of Eligma, has listed on Bitcoin.com Exchange, following GoC’s migration to the Simple Ledger Protocol. The token issuance framework, which operates on the Bitcoin Cash blockchain, has been embraced by Bitcoin.com Exchange, which is on a mission to embrace all things BCH.The GoC token is issued by payment processor Eligma, which completed a €4m seed funding round in August, led by Bitcoin.com. The Slovenian startup also secured funding from Pangea Blockchain...

Various factors are known to limit the public adoption of cryptocurrency especially Bitcoin. For now, one cannot spend Bitcoin the same way they would spend fiat currencies. Sometimes converting crypto into fiat can be quite a challenge. Custodianship of crypto assets and wallet security are the other concerns for the average investors.Also, wallet and key security together with the undeveloped crypto ecosystem and economic precedent discourage institutional investors from joining the nascent...

Collaboration is a term that has become quite popular in the cryptocurrency community.When it comes to partnerships and alliances to promote optimized use of digital coins on blockchain systems, there’s the Blockchain Alliance, the most generically named group, with its impressive collection of members including Bitfinex, Bitfury, Bitstamp, Coinbase, and Kraken.There’s also the Universal Protocol Alliance, which bills itself as the most extensive collection of crypto collaborators in the...

Earlier today, news of a possible hack on one of South Korea’s biggest cryptocurrency exchange platforms Upbit made the rounds. Reports had it that the exchange’s customers were confused because they noticed quite a few irregularities with their accounts including the inability to transfer funds. In a recent publication, Upbit has now confirmed that a large and unauthorized amount of funds was moved to an unknown wallet.It’s also worth mentioning that this news has negatively influenced the...