Tag Archives: Blockchain News

When some folks claim they’re into cryptocurrencies because of the thrill of the blockchain… well, they’re lying for the most part. Or at the very least not revealing everything. All things aside, it’s about the profits. How can I make money? How can I do it fast? How can I do it legitimately and securely?Whereas media sources nowadays bombard their readers and viewers with a zillion ways to make a quick buck by trading, exchanging, and investing into cryptocurrencies, there exist other, more...

The outsiders may believe fancy Telegram graphs showing Bitcoin‘s decentralization levels and metrics. However, many of that stats supply data from a parallel reality. Because you cannot claim full decentralization when the majority of the industry is maintained by the same three to five companies. The will of the investors, not the cyberpunk spirit, changes the price of coins or destroys companies.There are at least seven influential people in the crypto space, including investors and...

Blockchain networks have been plagued by slow transaction speeds and limited block times since their inception. Although many projects have tried to increase the transactional capacity of blockchain networks, there have been few functioning solutions that do not compromise on security or decentralization as a result. Solving the issue of scalability is essential if blockchain-based payment networks are to compete with traditional payment processors, such as the Visa network, which can process...

Beijing-based Bitmain Technologies Ltd. had a pretty rough year. Even though the company is still among the key players in China, its market share by hash rate has fallen from ~70% in June to ~66% now. In June 2017, Bitmain’s own data (via Frost and Sullivan) showed that it had a market share of around 75%.Christopher Bendiksen, head of research at CoinShares and Samuel Gibbons, the research analyst said that Bitmain needs fresh capital in order to fix a series of self-made damages caused by...

New York-based enterprise blockchain technology company R3 has just successfully completed its largest finance trial test, according to a recent announcement. The move was a trial of the Marco Polo Platform for Open Account Trade Finance by R3 and was hosted on the company’s Corda blockchain.According to the announcement, the test had participation from more than 70 organizations across over 25 countries and five continents. It also had more than 340 participants and big names from several...

While there really isn’t anything too definite about a release date for the new Ethereum 2.0 upgrade, there’s a strong enough suggestion by an insider. Ethereum Foundation core researcher and Ethereum 2.0 contributor Justin Drake started a GitHub discussion on Saturday about when Ethereum 2.0 should be launched.On the official Ethereum repository, Drake began the thread by saying:“(For discussion.) July 30, 2020, is Ethereum’s fifth anniversary, a natural candidate schelling point for...

Traditional payment companies seem to be taking vastly different approaches to cryptocurrencies. Earlier this year, it seemed like PayPal was about to blaze a trail in the space by working with Facebook on Libra, although it later pulled out. Elsewhere, more forward-thinking firms like Revolut and Skrill have embraced crypto, while Monzo has issued a firm “no,” and Stripe has backed away.So, what exactly is going on in this tumultuous relationship between payment firms and cryptocurrencies,...

Blockchain technology by most standards is still quite nascent. Regardless, there are already quite a few impressive applications of the technology, with constant efforts at development. The first and probably the most popular use of blockchain is the Bitcoin cryptocurrency, which went live over a decade ago. However, since then, applications have been seen in several different sectors including finance and healthcare. Because it is still somewhat new, there is still a lot of room for...

In a new twist of a series of events, it has emerged that Bytedance, the owner of TikTok, the popular Chinese video-sharing social video sharing network, has registered a new company.Sources indicate that Bytedance in association with Shanghai Dongfang Newspaper Co. registered a company earlier this month named Pengpai Audiovisual Technology Co. The company is said to offer several blockchain technology development services, AI public services, internet data services, AI application...

Fidelity Digital Assets, the digital currency arm of financial giant Fidelity Investments, plans to add support for Ether token next year in 2020. Tom Jessop, the president of Fidelity Digital Assets, made the announcement during an interview with The Block last Saturday, December 13.Jessop added that the final decision of Fidelity Digital Assets depends only upon evaluating the market demand for ETH support. Launched earlier this year, Fidelity Digital Assets specializes in offering...