TRON and the TRON Foundation have made very exciting progress through the start of October and continue to impress the crypto community. Granted, the value of TRX is still stagnant, however this doesn’t have any reflection on the progress of the TRON Foundation. Just because TRX is down low, it doesn’t mean the TRON team aren’t working hard in the background. TRX is down as a result of the bear market and the organic nature of this regressive market. When the markets turn round, we can hope that TRX will be one of the first cryptos to fly high. As it stands though, we can’t even begin to guess when this may happen.
The latest news out of Facebook this week is that the social network has been subject to yet another mass data hack, one that calls into question once again the integrity of users data on Facebook. These sorts of hacks are becoming more and more common within social networks and mark very bad news for the likes of Mark Zuckerberg who are trying to make their platforms a safer place.
The reality of it all is this – current technology is not strong enough to hold off hacks and attackers, the tech industry now demands a new alternative, an alternative that can be found in blockchain technology.
Banks and other financial service providers pay increasing attention to blockchain technology. JPMorgan is effectively taking on Ripple in terms of building a DLT-based global payments network. Their Interbank Information network has received the backing of these five prominent banks, among other entities. A promising sign for what the future may hold.
As one of the founders of the Interbank information network, ANZ plays a key role in the process of incorporating blockchain technology. Although it remains to be seen if this bank will ever use DLT for a commercial product, one cannot deny the opportunities which loom on the horizon. ANZ has an ongoing partnership with IBM to build a blockchain infrastructure as well. Exploring different options will yield the best results in this growing industry.
Okay, we understand that cryptocurrency does not contain the word ‘Good’ however, it goes without saying that Ripple’s latest announcement is one that certainly does put the ‘good’ in crypto.
Ripple for Good is the latest announcement from the Ripple team. Ripple for Good aims to focus on funding new projects within education and financial inclusion. Ripple for Good came as a result of around $ 80 million in funding donations, with an additional $ 25 million coming from Ripple directly.
The latest crypto market rally has seen multiple digital asset categories surge in price, but none as much as the tokens associated with popular cryptocurrency exchanges and protocols. While the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up 12.1% on the week, the AltDex Exchange Token Index (ALTEXC), a benchmark index for the […]
TRON, the project owned and managed by Justin Sun, backed by the TRX cryptocurrency, and led by a community managed by the TRON Foundation. 2018 has been a very important year for one of cryptocurrencies newest additions. Though young, the TRON project has grown from strength to strength, reaching new heights and pleasing investors in the process.
2018 has seen some landmark achievements, from reaching Coinmarketcap’s top ten to the full launch and roll out of the TRON mainnet, things did look super promising for this project.
FOMO fever (fear of missing out) is once again spreading among investors after a bearish month for cryptocurrencies has turned into a price surge. Ripple (XRP) has seen the biggest gains among top 50 coins rising 42% to $ 0.46 over the past 24 hours while Stellar (XLM) came in second at 20% to $ 0.24 in early Friday trading.
Other notable increases were seen from Cardano (ADA) at 18% to $ 0.08 and Qtum (QTUM) at 17% to $ 3.94.
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Medici Ventures, Overstock’s blockchain technology company, has invested an undisclosed sum in a Utah based company called Bitsy that specializes in bridging cryptocurrencies with fiat. The investment marks one of several that Medici Ventures has made in recent years as its parent company, under the leadership of CEO Patrick Byrne, continues to tout blockchain technology’s
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As Venezuelan President Nicolas Maduro starts rolling out major monetary changes, citizens have hit a snag with the new point-of-sale systems at gas pumps, according to a report from Reuters. Long lines gathered at gas stations where drivers were unable to use the payment systems to purchase gas, adding to the list of infrastructure problems caused
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According to Business Insider’s Frank Chaparro, sources close to Citibank revealed that the $ 175 billion New York-based bank will offer crypto custody solutions to institutional investors. Through the launch of a product called Digital Asset Receipt (DAR), Citigroup will enable institutional investors to invest in cryptocurrencies in a fully insured and regulated manner. Similar to … Continued
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Pope Francis has become the latest victim of crypto scammers on Twitter, as a network of bot accounts promoting scam ICOs and fake crypto giveaways continue to target public figures both within and outside the crypto world. Familiar Pattern Earlier in the month, security researchers working at Duo Security unveiled the results of a study
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Industry giant Nvidia unveiled its new GeForce RTX™ 2000 series of graphics card this week, within days of making a focused retreat from the crypto mining retail space. The American hardware corporation has introduced three graphics cards in the new series: RTX 2070, RTX 2080, and RTX 2080 Ti. The range promises to deliver up
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Cryptocurrency within professional services is becoming a big deal. Firms like Ernst & Young (EY), Deloitte and PwC are expressing more and more interest in crypto and blockchain technologies by the day which is actually quite a fascinating prospect. These companies are huge and on a global scale, operate internationally. Importantly, their client base tends to be large institutions, meaning there’s also the potential for a lot of money to flow into these new professional service crypto projects.
On August 20, 2018, maintainers of the most used full node BCH client have announced the release of Bitcoin ABC version 0.18.0. The version release follows the recent announcement from the firm Nchain, who recently revealed they were launching a client called Bitcoin SV, but with completely different upgrade features.
Bitmain’s latest funding round is quickly becoming a lot less star-studded. Hong Kong-based financial publication AAStocks reports that both Tencent and Softbank have issued public statements denying their participation in the bitcoin mining giant’s latest funding round, which multiple outlets had said was expected to raise $ 1 billion. Chinese publication QQ had earlier reported that
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The Chinese government’s China Electronic Information Industry Development (CCID) department has released its fourth round of public blockchain index rankings. This round of rankings was notable as it added two notable projects to the list: Tezos (XTZ) and Nuls (NULS). Tezos is a blockchain platform that boasts a number of next-generation features, including the ability to essentially self-evolve by upgrading […]
Customers of energy providers in Hawaii are the latest victims of a scam that has been designed to extort Bitcoin from victims. It’s a typical example of how cryptocurrencies can be used to illicit money out of unsuspecting victims, by using a cloak of anonymity to make the scammer seem legitimate. Reports suggest that scammers are directly contacting customers of Hawaii Electric Light, Maui Electric and Hawaiian Electric, in order to try and persuade them to send Bitcoin to an address to cover outstanding energy bills, if they don’t pay, the scammers then threaten to cut the customers energy supply.
Maerki Baumann — a private bank based in Zurich, Switzerland — has announced it will manage its clients’ cryptocurrency assets. This makes it the second Swiss bank to make such an announcement following Hypothekarbank Lenzburg (Hypi), which stated in June that it would open business accounts for cryptocurrency companies.
The bank recently published an article on its website entitled, “Cryptocurrencies — What Exactly Are They?” Written by the company’s deputy head of IT and digitization Milko G. Hensel, the article offers a brief description of some of the world’s best-known and most established digital currencies, such as bitcoin and ether. It then explains that, while the bank is prepared to “accept funds generated through cryptocurrencies,” it does not condone investing in cryptocurrencies given their volatility and speculative natures.
When the SEC announced its rejection of the Winklevosses’ latest bitcoin ETF filing, the industry found itself reckoning with a problem on repeat: striving toward the goal of approval, another Exchange Traded Fund (ETF) proposal faced the SEC’s death knell.
At this point in the industry’s development, securing an ETF has become the space’s institutional albatross, the elusivity of which hangs over each successive rejection. The most recent filing was the Winklevosses’ second attempt to list a bitcoin-backed ETF, the first being shot down last year.