Crypto news

One of the greatest technology companies on the face of the earth IBM has indicated its willingness to work with social media giant Facebook on its cryptocurrency Libra. In a CNBC interview on Monday 23rd September 2019, the Blockchain services of the firm Jason Kelley indicated his organization’s willingness to work with just about anybody in the crypto space. He said:“Blockchain is a team sport… Our clients are ready to work with (Facebook) and we’re ready to work with all of them to bring...

London-based blockchain startup Everledger recently announced of securing a massive $20 million in Series A funding led by Tencent Holdings Ltd. Other major participants to this funding round included Rakuten, Fidelity, Graphene Ventures, Bloomberg Beta and Vickers Venture Partners.Founded in 2015, Everledger uses the blockchain technology to develop an immutable ledger for asset ownership. In addition, Everledger also looks to tap other emerging technologies like AI and IoT to create robust...

Bitcoin's network took an abrupt turn this month as a prior rally for bitcoin's hashrate took a swift dive down 40%. Bitcoin hashrate flash crashing down 40% | Source: Blockchain.comData from Blockchain.com shows bitcoin's hashrate flash crashing from a previous high of around 100 exahashes per second (EH/s), to a relatively lackluster 68 EH/s, in the space of 24 hours. Oscillating fluctuations of this nature are relatively common in bitcoin's hashrate -  as depicted by the chart above....

After the close of a successful deal, a third of Jack Ma’s online financial services provider, Ant Financial, is now owned and controlled by Alibaba Group Holding Ltd (BABA). The deal is more than a few years in the making as it was first proposed that both giant companies initiate much stronger collaborative efforts more than five years ago. Both companies were started by Ma.Originally starting as Alipay, Ant Financial was founded back in 2004 and by 2013, it had overtaken PayPal as the...

Photo: CTRL-labsFacebook said on September 23 that it agreed to acquire New York-based CTRL-labs. The acquired startup is creating a wristband that will let people communicate with computers using brain signals. Thus, the new device will let people control digital devices using their minds.CNBC reported that the deal is estimated to be worth around $1 billion. However, a Facebook spokesperson said that it is lower than the reported $1 billion. Andrew Bosworth, the Facebook Vice President of...

Tezos is a notable open-source project in the blockchain space, which applies decentralization to its overall model, instead of merely touting decentralization, according to Alison Mangiero, president of The Tocqueville Group (TQ Tezos).As a reminder, Tezos had gone through a very successful ICO event during the summer of 2017, raising as much as $232 million. Back then, Tezos was the ICO which raised the highest amount of funds.Decentralization On The Whole“Tezos, as a project, doesn’t just...

Tezos’ fund-raising raised successfully a record-setting $232 million in 2017. It’s is an open-source project and among the best-known blockchains.Tezos describes itself as “a self-amending blockchain” capable of representing any other protocol. Only time will tell if this is the case, as the protocol has received so far just one upgrade since launching its mainnet.We recently had the chance to speak with Tezos co-Founder and CTO of Dynamic Ledger Solutions Arthur Breitman. Tokenized...

Global retail giant Amazon (AMZN) had indicated its plans to improve its audio range of devices with a few moves which will see it be at par with the product lines of major competitors. For start, the retail giant plans to introduce earbuds which will be powered by virtual voice assistant Alexa.Codenamed “Puget” the earbuds will have an inbuilt accelerometer for motion detection, pace speed and the approximate amount of calories burned during a run.Separately, Amazon is expected to also to...

Just days after Apple announced its gaming-service Apple Arcade, Google too throws its hat in the ring by announcing Google Play Pass on its Android operating system. The Google Play Pass is a subscription-based service providing users access to 350 plus premium mobile apps and games.Moreover, users subscribing to the Play Pass service will get apps and games completely free of ads, in-app purchases or upfront payments. On a trial basis, the service is free for the first...

When Bakkt was first announced last year, the entire crypto community welcomed it as a great addition to the sector, hoping that it will have enough power to propel the industry considerably higher. However, even though many think it’s still a little too soon to judge, the first day of Bakkt’s launch has not exactly been encouraging as the overall market has dropped in valuation in response to Bakkt’s weak first day.After the first hour, Bakkt recorded only about five contracts and even 9...