Tag Archives: Blockchain News

A blockchain-powered financial services startup Figure Technologies founded by former SoFi CEO Mike Cagney, announced it has closed a $103 million Series C round. But, that is not all folks. It has also added Morgan Creek Digital’s Anthony “Pomp” Pompliano, one of the sector’s most vigorous supporters, to its board. That’s not a consequence because, according to the company’s announcement, the round was also led by Morgan Creek Digital, with participation from MUFG Innovation Partners and...

As per its earlier schedule, the Ethereum network shall be releasing its Istanbul hard fork three days from now on December 8. However, the interesting thing is that a majority of the nodes on Ethereum are unprepared for this.Frankly, this news is a bit shocking to the Ethereum community. It is found that nearly 60% of the Ethereum clients have not been moved to the latest version that is compatible with the Istanbul Hard Fork. As per the Ethernodes analytical tool, just 40% of the active...

Microsoft and the blockchain gaming company Enjin have launched a new tokenized rewards program that depends on Ethereum, Azure Heroes and is running the plan in few nations in Western Europe. The Seattle-based technology colossus has printed about 12,000 non-expendable “badger” tokens using the ERC-1155 Ethereum token standard, initially proposed by Enjin‘s co-founder Witek Radomski.Although Microsoft is related to some blockchain companies given the most recent statement, the company,...

Yesterday, December 4, turned out to be a very interesting day for Bitcoin as the network broke a new record and hit its biggest hourly USD transaction volume in all of Bitcoin’s existence. An increase in the volume of transactions on any network is usually regarded as a big deal because more often than not, it shows that there is some progress with adoption. However, this case is very different.The news was made known in a tweet by Rafael Schultze-Kraft, the cofounder of on-chain market...

We all know how it is to forget someone’s birthday, holiday or, god forbid, anniversary. Before we used our little calendars with post-its all around saying: “your first kiss anniversary, he wore a brown jumper, buy beer”, etc. However, since we have Facebook, it was hard to forget, well, almost anything. With its ‘calendar’ and ‘memories’ it reminds us of all the things we’ve done in the past – yes, that includes your drunk uncle puking after New year’s brunch. Its “Year in Review” videos,...

As the crypto markets continue to move on a roller coaster, it seems like adoption is growing steadily. A group of eight former Morgan Stanley core developers announced the launch of Phemex. Phemex is a ‘high-speed’ cryptocurrency derivatives platform that is well-designed for the retail and institutional investors. The new firm is based in Singapore.In a December 4 press release, the former Morgan Stanley developers came with big claims that the platform is ten times faster than the...

OneConnect Financial Technology which is the artificial intelligence and blockchain arm of Ping An Insurance that is easily one of the largest insurance firms in China has come forth with the terms for its IPO valued at $468 Million. Sources indicate that based on the F-1 Filing of its prospectus with the United States Securities and Exchange Commission (SEC), the firm intends to conduct the initial public offering which is aimed at raising between $432 million and $504 million via issuing...

As cryptocurrency adoption continues to spread all over the world, several entities including corporate organizations and governments are gradually catching the crypto bug. Based on a report from a French financial media platform Les Echos, France has now joined a list of countries that have shown interest in the crypto sector and have taken it a step further with a decision to float their own digital currency. France will now test its crypto sometime in the first quarter of next year.During...

In a major turn of event at crypto startup Circle, Sean Neville will be stepping down from his role as the Co-CEO of the company. In an email secured by CoinDesk, Neville notified his decision during a quarterly meeting among the Board of Directors.Neville found this Boston-based peer-to-peer payments technology company in partnership with Jeremy Allaire, in 2014. While Neville decided to step down from the role of Co-CEO, he will continue as the company’s independent director.Neville has not...

In general, the fund that made a bet on different unknown coins is experiencing major troubles. The long-awaited “altcoin season” didn’t come.ICO Funds Related to Shitcoins are Receiving  the HeatAccording to the sources, ICO designated portfolios are losing most of the profits. Many of the funds keep the “illiquid, pre-launched” tokens which will only be launched at the end of 2019. However, this does not add those tokens any credibility.Instead, we see that privacy-oriented PoW coins are...