Monthly Archives: May 2018

2 Million Revolut Customers Get More Cryptocurrency Access

In the heady days of 2017, Revolut Ltd promised it would continue to add cryptocurrency choices for its customer base. The future promise was made after its rollout of onboarding bitcoin core (BTC), litecoin (LTC), and ether (ETH) to eager users. Just this week, the England-based company made good by further adding bitcoin cash (BCH) and ripple (XRP). Also read: Bitcoin Use Case: Limiting Government Growth Revolut Adds Bitcoin Cash and Ripple to its Crypto Offerings In a series of questions and answers format for their unconventional […]

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Podcast Platform Castbox Launches Blockchain Project to Reward Creators

Award-winning global podcast platform Castbox has announced the release of ContentBox, a blockchain-based infrastructure for decentralized digital content. The project is backed by Bo Shen — the founder of Fenbushi Capital and an early adopter of Ethereum — who will serve as both a cornerstone investor and strategic advisor to the team. Shen said, “The nature of blockchain technology is to take a slice of the pie from vested interest groups, where you are bound to encounter resistance. To get your project off the ground, you must […]

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Mining Pool of Hyundai-Related Blockchain Platform HDAC Suffers Hack

The mining pool of Hyundai-related IoT blockchain platform HDAC has been hacked, forcing the company to temporarily halt withdrawals. The mining pool of HDAC, a Korean blockchain-based IoT platform and issuer of the Hyundai-DAC token (DAC), has been hacked. This forced the company to temporarily halt withdrawals, TokenPost reported Thursday, May 24. HDAC’s founder Chung Dae-sun is the nephew of the CEOs of Hyundai Group and Hyundai Motors, the globally renowned car manufacturer. HDAC’s ICO was launched in 2017 by a conglomerate that includes Dae-sun’s software and […]

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Stormy Daniels Plays Crypto Card to Trump Adult Industry Competition

The adult entertainment site of famous star Stormy Daniels will now accept Vice Industry Tokens as a form of payment for premium content. StormyDaniels.com will now be accepting the Vice Industry Token (VIT) as payment for viewing the website’s premium adult video content, PR Newswire reports today, May 25. The Vice Industry Token raised $22 mln in Ethereum (ETH) in 24 hours during its Initial Coin Offering (ICO) in February. The token, which can be earned by watching and interacting with videos on StormyDaniels.com and other sites […]

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First Bitcoin Mining Conference Hashes Over the High Cost of Energy

Bitcoin mining uses as much electricity as Ireland, and by the end of 2018, the Bitcoin network will be using as much energy as Austria, according to a new report by Alex de Vries of the Experience Center of PwC in the Netherlands. Billed as the first serious, peer-reviewed study of energy use in crypto mining, the report has set off alarm bells, adding to current concerns about the impact of future mining energy consumption on environmental issues like climate change. At the first-ever conference for crypto […]

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Chinese Exchange Launching Southeast Asian Crypto Trading Hub

Chinese exchange Zb.com has set up a branch in Thailand with a plan to turn it into the regional crypto trading hub in Southeast Asia. The move came as the Thai government finalizes the country’s regulatory framework for cryptocurrencies and initial coin offerings. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Creating Regional Hub Dawei Li. (Photo credit/Matichon) Chinese cryptocurrency exchange and wallet provider Zb.com recently announced that it has set up a full-fledged branch in Thailand, called Zbthailand (Zbth), with the aim for it to […]

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Op Ed: The Benefits of Incentivizing Node Operators in Public Blockchains

The cryptocurrency industry has seen tremendous growth this year, with a 3,363 percent increase in market capitalization and a 216 percent increase in cryptocurrency and asset exchanges. While this is certainly promising, it foreshadows a unique scalability problem. At present, most crypto companies are almost entirely dependent on the charity of “nodes” to establish and enforce the rules of their platform — all with little or no incentive to do so. For years, this has been the industry standard, and, so long as the system isn’t overwhelmed, […]

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Bitcoin’s Falling Price Nothing More Than Perception, Or Is There Manipulation?

Bitcoin’s price seems low, but many traders are unfazed by its movements, while some see manipulation. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, so you should conduct your own research when making a decision. The past few months in Bitcoin’s history have been very interesting to watch, especially when honing in on its price fluctuations as a gauge of where it is going next. From about November 2017 to now, Bitcoin has almost come full circle as its […]

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Chinese Blockchain Accelerator Offers Startups $ Mlns in Subsidies

The Blockchain Industrial Park in the eastern Chinese city of Hangzhou has announced subsidies for individuals and startups in the blockchain space worth mlns of dollars. The Blockchain Industrial Park in the eastern Chinese city of Hangzhou has announced subsidies for startups worth millions of dollars, in an announcement Thursday, May 24. As shown by the new policy, the industrial park is aiming to attract blockchain space talent by offering individuals and startups generous incentives. Highly-qualified blockchain specialists, for example, are being offered resettlement allowances of up […]

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Proof of Work Coins on High Alert Following Spate of 51% Attacks

First it happened to verge. $1.8m of cryptocurrency swiped in a matter of hours. Then to bitcoin gold, plundered in an $18m double spend attack. Then to verge again, this time to the tune of $1.7 million. Along the way, monacoin is also believed to have been hit. Someone is methodically working their way through Proof of Work coins, controlling their hashrate, and then launching 51% attacks. Other PoW teams are now on high alert for signs that their coin could be next. Also read: Caspian Partners With […]

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