Monthly Archives: January 2020

Cardano Co-Founder and CEO: We Anticipate a Hard Fork in Mid-February

Charles Hoskinson, co-founder and CEO of IOHK, the firm behind Cardano, said that he expects the coin to see a hard fork in mid-February. Charles Hoskinson, co-founder and CEO of IOHK, the blockchain firm behind Cardano (ADA), said that he expects the coin to see a hard fork in mid-February. During a livestream on Jan. 17, Hoskinson noted that he expects Cardano’s consensus algorithm to be upgraded with a hard fork next month. He said that he has “pretty high certainty” that the Ouroboros Bizantine Fault-Tolerant Consensus […]

More info

How the Crypto World Is Preparing for Quantum Computing, Explained

The crypto world is worried about the rapid advancements in quantum computing. Are blockchain projects ready to face the quantum threat? Will Bitcoin have to update its infrastructure to become quantum resistant? While quantum computers are not a threat to Bitcoin at the moment, the oldest cryptocurrency might need an upgrade in the future. Bitcoin uses two security schemes, the hashing function used in the block creation and the ECDSA algorithm used for signatures. The latter is more vulnerable to risks posed by quantum computers, and it […]

More info

Maduro Opens Crypto Casino in Venezuela

Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in the casino. The proceeds are expected to be used for healthcare and education. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Casino for Gambling With Petros The president of Venezuela announced Friday that he has authorized the opening of […]

More info

Cardano’s Commercial Arm to Help Uzbekistan Form Blockchain Task Force

The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force. The Cardano blockchain’s commercial arm, Emurgo, has partnered with the government of Uzbekistan to form a blockchain task force to develop regulations for security token offerings (STOs) and exchanges (STXs). In a Jan. 20 press release, Emurgo revealed its new cooperation with the Uzbek government and Kobea Group &  Infinity Blockchain Holdings — the official Technology Advisory Agency for Uzbekisitan’s Digital Economic Development Project — aimed at the […]

More info

Canadian Teen Charged for $50 Million Cryptocurrency Theft

A Canadian teenager has been charged with participating in a crime ring that stole over $50 million in cryptocurrencies, targeting Consensus 2018 attendees. An eighteen-year-old from Montreal is facing four criminal charges connected to a $50 million SIM-swapping scam targeting cryptocurrency holders, Infosecurity Magazine reported on Jan. 17. The hacker, Samy Bensaci, is accused by Canadian authorities of being part of a ring that stole millions of dollars in cryptocurrency from American and Canadian holders. The theft is said to have occurred in spring of 2018, with […]

More info

The Fed Has Pumped $500 Billion Into the Repo Market. Where Does It End?

In September 2019, the interest rate for the overnight money market — a short-term lending market where banks borrow cash from each other to meet reserve requirements at the end of a business day — surged to 10 percent. Banks weren’t willing to lend out capital for the Federal Reserve’s target interest rate of 2 percent. The Fed responded to the cash crunch by financing these so-called repurchasing agreements (repos, for short) directly. It offered the 2 percent interest on these short-term loans (they’re usually paid back […]

More info

Indian IT Minister Requests Blockchain Solutions to Improve Government Schools

Indian Technology Minister Ravi Shankar Prasad has asked the National Informatics Centre to come up with blockchain solutions to improve government schools. The Indian Telecoms and IT Minister, Ravi Shankar Prasad, has tasked the National Informatics Centre (NIC) with developing a blockchain-based solution for improving the quality of government schools. According to a Jan. 20 report by the Press Trust of India, the minister made the request at the inauguration of a blockchain technology center of excellence, set up by NIC in Bengaluru, on Jan. 18. Blockchain […]

More info

Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a victory for Ripple in the case might not bring an end to its troubles with XRP. Also read: New Guidelines Subject Canadian Crypto Exchanges to Securities Laws Judge Takes Under Submission Ripple’s […]

More info

Raiz to Offer Bitcoin Fund to Australian Retail Investors in 2020

Australian micro-investment startup Raiz is said to have cleared all legal hurdles for the introduction of a Bitcoin-exposed investment product for retail users. Australian micro-investment startup Raiz is set to bring Bitcoin (BTC) fund options to its users, Australian Financial Review (AFR) reports on Jan. 20. The firm cleared the last legal hurdle with the Australian Securities and Investment Commission (ASIC), the country’s financial watchdog agency. Raiz is a fintech startup offering micro-investment services to its 300,000 registered accounts. Like the United States-based Acorns and other worldwide […]

More info

Guide to WEF Davos 2020: Sustainability, Stablecoins and CBDCs

The annual World Economic Forum in Davos, Switzerland is about to start — here’s what you should know ahead of the meeting. The annual World Economic Forum in Davos, Switzerland is about to start. As usual, the forum will gather the world’s political and business elite, and will last from Jan. 21 to 24. Here’s everything there is to know ahead of time on how this meeting will be vital for the crypto and blockchain industry. WEF is modernizing its agenda  This year’s theme is “Stakeholders for […]

More info
1 2 3 4