Tag Archives: Blockchain Technology

Encrypted messaging service Telegram is putting up a fight with the Securities and Exchange Commission (SEC).Telegram Is Duking It Out with the SECThe company is in hot water after the government organization claimed Telegram had failed to properly register a token offering a few years ago that resulted in more than $1 billion in revenue for the messaging service. The enterprise made quite a bit of money after promising delivery of its new “gram” tokens to several individual investors, though...

Crypto Kitties is one of the biggest applications to be built atop the Ethereum network, but its creators are now looking to say goodbye to the world’s second largest cryptocurrency by market cap.Crypto Kitties Is Making a Home ElsewhereThe Ethereum blockchain has come under high scrutiny as of late. Once the most popular blockchain network for new tokens and applications, the platform has been hit hard by the amount of traffic it’s attracted since its birth in 2015. This traffic has resulted...

The Celo Foundation has unveiled a new cryptocurrency network designed to assist people of lower standing.Celo Seeks to Introduce “Crypto for Everyone”In other words, people who are poorer or who don’t have direct access to traditional financial programs are likely to benefit the most from the organization’s latest development. Known as the Alliance for Prosperity, the network is supported by more than 50 firms around the world including Mercy Corps and is seeking to create financial tools...

Popular FOX show “The Simpsons” – which at this stage, has enjoyed a 30+ year run on television – recently hosted an episode that sought to teach viewers about cryptocurrency. Could this be a surefire sign that digital assets are becoming more mainstream?“The Simpsons” Talks About the BlockchainThe episode starred Jim Parsons, who played Sheldon Cooper on “The Big Bang Theory.” Parson’s character is an animated digital ledger that has a song-and-dance number in which he tries to delve into...

Crypto and blockchain job seekers are in for a treat. One of the primary financial regulators – the Financial Conduct Authority (FCA) – in the United Kingdom is looking for someone who can serve in a crypto/ blockchain capacity and help them better understand the properties and abilities behind distributed ledger technology.The FCA Is Searching Far and WideThe job post reads as follows:You will enjoy a unique view of the financial services industry, law enforcement partners and UK government...

Citigroup and Goldman Sachs have performed the very first equity swap over the Ethereum blockchain.Citigroup and Goldman Reach a MilestoneSuch a swap involves one party making a payment to the other in exchange for a return asset. The process is undergoing a period of testing in which an additional 13 organizations will take part. The swap also ensures that each party to engage will have access to the same data, ensuring there are no issues across the board and lessening the chances for...

Blockchain technology has been touted over the years as something revolutionary. It’s capable of so much more than just revamping our financial infrastructure as we know it. It’s already been tested in supply chains and even voting systems.Blockchain Voting Isn’t All It’s Cracked Up to BeGiven the latest fiasco involving the democrat Iowa caucuses, perhaps blockchain could have been utilized to ensure the safety of voters’ identities and as insurance that such an event would never have...

Twitter and Square CEO Jack Dorsey has always been friendly towards bitcoin. In a recent interview, he says that he thinks the currency will soon be as “common as cash.”Dorsey Believes BTC Is the Future of FinanceThis rings in with a statement he made in the year 2018. The entrepreneur stated to CNBC that bitcoin, within a period of ten years, was likely to become the world’s “single” currency, meaning all other forms of crypto and fiat would become obsolete. This is an ambitious notion for a...

It’s always interesting to see things get reversed. Typically, one often witnesses figures in the financial space – i.e. Warren Buffett, etc. – touting blockchain while believing that crypto is the money of criminals and do-nothings. Nic Carter, on the other hand, believes the exact opposite.Carter Is Pro Crypto, Not BlockchainAs the founder of Castle Island Ventures – a venture capital firm – Carter explained in an interview that blockchain is consistently touted as the eight wonder of the...

The Securities and Exchange Commission (SEC) is continuing to exhibit its newfound hard-as-nails attitude towards crypto and blockchain ventures, and has recently enforced a $250,000 penalty on a startup called Blockchain of Things Inc. (BCOT)The SEC Is Not to Be Taken LightlyThe SEC alleges that the company hosted an unregistered initial coin offering (ICO) back in December 2017. That ICO resulted in roughly $13 million in capital gained for BCOT. Granted the company is forced to comply with...