Latest News and Updates

China’s peer-to-peer (P2P) lending giant Lufax announced today that it has developed and successfully integrated its new blockchain solution to better verify user identity and track transactions between borrowers and lenders.

Switzerland will host the Swiss Blockchain Hackathon later this year in a bid to help companies find real-life applications of blockchain technology

Taiwanese mobile phone giant HTC has announced that it will begin accepting fiat payments for its Exodus 1 crypto-enabled model.

The two biggest groups of cryptocurrency exchanges are centralized exchanges (like and decentralized exchanges (like EtherDelta, Bibox etc.). A decentralized exchange (or a “DEX”, for short), do not store funds for its users. Rather, deals are made through smart contracts and atomic swaps so that currency never passes through the hands of an escrow service – it’s just peer-to-peer.

Tech company Aave is bringing cryptocurrency another step closer to mainstream adoption with the launch today of Aave Pay, an app through which consumers can use a wide range of digital currency holdings to pay their bills.

Japanese multinational holding conglomerate SoftBank Corp. and American telecoms-focused blockchain firm TBCASoft are to lead a new blockchain-based digital identification study group under the canopy of the Carrier Blockchain Study Group (CBSG)

Kyocera has announced it is testing a virtual power plant (VPP) based on solar-plus-storage systems at its Yokohama Nakayama office, using a blockchain system from U.S. company LO3 Energy.

Mercury FX, an international currency exchange provider, is planning to open 10 new corridors that would use the xRapid solution.

The sixth largest crypto exchange in the world, Huobi Korea, has decided to change the protections that they formerly had in place for anti-money laundering (AML).

The new Samsung smartphone, the Galaxy S10, will include storage for private cryptocurrency keys

Crypto security company BitGo is making good on plans to facilitate insurance for digital assets by providing $100 million of cover against theft or the loss of cryptographic keys via the Lloyd’s of London insurance market.

Schnorr signatures, a code change likely to be one of the biggest coming upgrades to bitcoin, have now gone from a theoretical idea to real code courtesy of technology startup Blockstream.

Japanese e-commerce firm Rakuten announced that a major update of its Rakuten Pay mobile app will be released on March 18

News about the BMW Group being interested in blockchain technology broke out last year

The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase.

Users of Coinbase Wallet can now back up their private keys on Google Drive or iCloud.

The cryptocurrency market has been of deep interest to the Financial Institutions but the continuous ups and downs have kept a few major institutions at bay.

General Motors Financial сотрудничает с блокчейн-стартапом Spring Labs с целью разработки решения для идентификации личности.

Zhao Dong, Bitcoin billionaire and one of China’s biggest OTC traders, has taken to WeChat to opine on the industry.

The Litecoin Foundation has approached Beam about possible cooperation to implement Mimblewimble via Extension Blocks on Litecoin.

New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight.

The Wall Street Blockchain Alliance has joined enterprise software firm R3’s collaborative initiative to develop innovative applications and solutions on its Corda blockchain platform.

United States-regulated trading and clearing platform LedgerX has released a new type of derivative contract unique to Bitcoin (BTC)

Phil Potter, previously an executive at Bitfinex and Tether, and crypto finance firm XBTO are launching a stable clearinghouse for stablecoins.

In the United States, the state of Wyoming passed a bill that will allow for cryptocurrencies to be recognized as money

Fraud Alert

10.11.2018 17:45

Due to increasing number of fraudulent attempts, we kindly request that you be very attentive while dealing with any type of electronic currency.

The Lightning Network on Bitcoin passed a fresh milestone this week, taking its overall capacity to over 600 BTC ($2 million) for the first time.

SWIFT, the global banking payments network, is to begin testing its GPI payments standard through R3’s Corda platform.

Bitspark,a cryptocurrency money transfer platform, has launched Sparkdex.

The Intercontinental Exchange (ICE) has partnered with major global blockchain firm Blockstream to launch its Cryptocurrency Data Feed product.

Four major South Korean cryptocurrency exchanges have reportedly joined their forces in order to combat money laundering

Ripple sold a total of $ 535.56 million in XRP tokens for 2018 as a whole.

China has released its latest government-sponsored rankings of major cryptocurrencies, placing Bitcoin (BTC) in 15th, while EOS keeps its top spot.

Enterprise blockchain platform Insolar (INS) has successfully launched its testnet on Jan. 22, recording over 10,000 transactions per second (TPS), according to data from its block explorer Insolar Explorer.

According to the SEC’s Office of Compliance Inspections and Examinations (OCIE), this will be done with a view of protecting retail investors in the nascent asset class.

A blockchain researcher has been working on a scaling effort for the unspent transaction output set found in the Bitcoin protocol.

Chevron and two other major energy companies have joined Vakt, a United Kingdom-based blockchain platform for energy commodity trading.

A national cryptocurrency for the Marshall Islands is still being actively developed

A. Favre & Fils, a luxury Swiss watchmaker that traces its family history back three centuries, is developing a handcrafted mechanical timepiece with a built-in crypto-wallet.

The number of cryptocurrency Automated teller Machines (ATMs) installed through out the world has gone past the 4000 mark.

Japanese crypto exchange Coincheck, which suffered a $530 million hack in January of last year, is now a licensed entity.

NASA is examining blockchain technology as a means to ensure the privacy and security of aircraft flight data.

South Korea’s Ministry of Science and ICT announced the results of its security inspection of cryptocurrency exchanges

DX.Exchange launched a trading platform that lets investors buy shares of popular Nasdaq-listed companies

Euro Exim Bank will become the first bank to publicly announce it is using the XRP cryptocurrency for cross-border payments.

The Ethereum Foundation has just awarded a $5 million grant to Parity Technologies to support the firm’s work building the blockchain network’s next iteration, ethereum 2.0.

Blockchain is meant to lower barriers for people around the world.

A new year means more speculative cryptocurrency predictions.

More specifically, the well-known American broadcaster Max Keiser has now started 2019 by predicting Bitcoin will dethrone the US dollar as the world’s reserve currency.

The crypto statistics service found that BTC.TOP mining pool, a China-based private entity, took over as high as 50.2% of the entire Bitcoin Cash network.

ICE’s Bakkt platform has recently raised a whopping $182 million worth funds from 12 high profile partners and investors.

The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns.

Japan’s top financial regulator has confirmed the number of companies currently wanting to enter the Japanese cryptocurrency market

At the 35th Computer Chaos Congress in Leipzig, Dmitry Nedospasov, Thomas Roth and Josh Datko gave a presentation

The Litecoin Foundation has partnered with Ultimate Fighting Championship (UFC)

The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation.

Bank of America (BoA) wants to patent a system using blockchain technology to improve cash handling, a new application published Dec. 25 confirms.

Changpeng Zhao called 2018 a “correction year” for crypto currencies

An Intrapreneur from financial services giant Barclays has expressed the idea that blockchains should be built with regulatory compliance in mind

Spanish renewable energy company ACCIONA Energía is going to deploy blockchain to trace electricity generation

Two South Korean government ministries are exploring blockchain’s potential to bring new efficiencies to marine logistics.

Bitcoin users’ ability to send transactions through outer space has just been given a boost.

The Central Bank of Egypt wants to introduce a digital version of the Egyptian pound to reduce costs

Some blockchain token projects may be allowed to bypass U.S. securities registration requirements

Binance Labs has released its first “batch” of blockchain projects from its Incubation Program.

American telecoms giant AT&T is seeking a patent for a blockchain-based social media history “map”.

Germany-based crypto payments startup Bitwala is now offering crypto banking services in the country.

Last month in New York City, legendary auction house, Christie’s, set a world record by fetching $323.1 million for the Ebsworth Collection.

One of the most prominent crypto exchanges in the US, Kraken, is mulling over a private offering

The United Arab Emirates (UAE) and Saudi Arabia will work on cross-border digital currency.

Data from CoinMarketCap reveals that bitcoin’s dominance rate reached 55.38 precent

David Johnston has launched the Yeoman’s Growth Capital fund

The current number of blockchain wallet users has surpassed 30 million.

Sapphire Technology has announced that it’s officially entering the cryptocurrency hardware business.

According to a study published by Human Network, about 29% of more than 1100 freelancers registered on the platform would accept crypto as financial compensation for their services.

In October, an early access game called Crypto Crisis was released on the digital distribution platform Steam.

Taiwan-based tech giant Asus is now letting gamers use the number crunching power of their graphics cards to earn a share of profits from cryptocurrency mining.

European cryptocurrency exchange Bitstamp will integrate a new platform to improve compliance and customer protection.

The Bahrain Institute of Banking and Finance (BIBF) is launching what it claims to be the country’s first “Blockchain Academy.”

Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users.

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American software corporation Microsoft will integrate its Azure Blockchain technology into stock exchange Nasdaq Inc.’s Financial Framework (NFF).

Cryptocurrency exchange Bitstamp has been acquired by NXMH, an investment firm based in Belgium and owned by South Korean conglomerate NXC.

Pierre Rochard is working on an Excel plugin in order to make and receive Lightning Network payments with just a few clicks.

A new protocol is allowing users to complete cross-chain transactions – meaning value can be transferred between different blockchains such as Bitcoin and Ethereum.

Taiwanese electronics company HTC has announced the presale of its widely-discussed blockchain smartphone, Exodus 1.

Visa is integrating open-source blockchain code from the Hyperledger Fabric ahead of the commercial launch of its own blockchain service for enterprise payments in Q1 2019.

U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets.

A central-bank approved Malaysian Fintech startup that has specializes in international money transfers has completed its first cross-border transfer on RippleNet, Ripple’s enterprise blockchain platform using an API solution.

Japanese electronics giant Sony has developed a new blockchain-based digital rights management system that may see commercial rollout.

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Lightning Network

05.10.2018 09:35

Lightning Network is a second-level protocol that operates on top of a Bitcoin blockchain. The developers of the main cryptocurrency payment network offer it to increase the speed of transactions. The relevance of technological solutions caused by the growing interest in digital money. The increase in the total volume of operations has led to the need for system scalability.

Bitcoin Mining

03.10.2018 15:54

Bitcoin mining is the process of determining the cryptographic signature of operations block. The block of operations writes down the information about transactions entered into the network after the generation of the previous group of transactions (about 10 minutes). The main cryptocurrency network uses the SHA-256 Hash Algorithm. The miner is rewarded for his actions in digital coins.

The National Bank of Ukraine (NBU) is considering launching a state-owned digital currency based on blockchain, local news outlet Vesti Ukraine reported. NBU says that the blockchain-based hryvnia, or e-hryvnia, has to be centralized and remain under government control. The state-backed coin is expected to increase the rate of non-cash payments, along with reducing their cost.

Blockchain firm Bitfury has developed a coffee vending machine capable of connecting to the Lightning Network, a second-layer transaction protocol designed to make bitcoin more scalable by processing transactions off the main bitcoin blockchain.

Luxury automobile retailer Post Oak Motor Cars is reportedly the first Rolls-Royce, Bentley and Bugatti dealership in the U.S. to accept Bitcoin (BTC) and Bitcoin Cash (BCH) as payment.