Blockchain

Ex-CFTC Chair: Cryptocurrencies Could Have Mitigated The 2008 Global Financial Crisis

As of yesterday, January 20th, 2020, the Blockchain Economic Forum kicked off in Davos, Switzerland, with a keynote speech delivered by J. Christopher Giancarlo.  Giancarlo spoke about the past, present, and future evolution of the blockchain, and made one particularly exciting remark about virtual currencies.  The ex-chairman of the United States’ Commodity Futures Trading Commission...
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CHAIN2020 Becomes the Largest Blockchain Educational Event Ever

This week the major event in the blockchain industry CHAIN2020 brought together more than 15 000 guests and world-renowned speakers in Hong Kong with a shared mission to accelerate blockchain adoption in the world and, particularly, in the Asian region. These are record figures for an event of this level, as usually, the audience of...
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UK’s Tax Authority To Leverage Blockchain To Track Bitcoin Transactions

UK’s Revenue and Customs agency is ready to invest up to $130,000 towards the development and implementation of a new “cryptoanalysis” tool.  According to a recent report, the United Kingdom’s tax authority, HM Revenue and Customs (HMRC) is looking for, “vendors to showcase their capabilities by demonstrating their expertise in the field of crypto-asset tracing.”...
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Tokenization of Sports: A Short Sell or a Future Trend?

It doesn’t come as a surprise that “don’t spend like a baller” is associated with lavish spending and basketball. With so much money coming in so quickly at such a young age, athletes are overwhelmed and end up spending it on cars, shoes, parties, and even a shark tank. But, it looks like one man...
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Tokenization of assets provides assurance, auditability: AVA Labs’ Gün Sirer

The tokenization of assets gained a lot of momentum in 2019. By converting a real-world asset into its digital equivalent, tokenization provides higher liquidity, flexibility, and transparency, making it an emerging trend for investments in 2020. Just a couple of months ago, Jason Kelley, IBM’s General Manager of Blockchain Services, had mentioned during a talk...
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Developers increasingly exploring what blockchain could do for gaming systems

Blockchain in the gaming industry is an experiment that’s been ongoing for some time now. It started with the introduction of ‘Huntercoin’, the first real blockchain and decentralized strategy MMO game, introduced way back in 2014, which was basically an experiment to gauge the decentralized ledger technology’s ability to support the gaming industry. With Huntercoin’s...
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‘World Wide Web of Blockchain’ could be transformative: Silver Lake exec

If we look at the blockchain infographic today, we see overall positive figures for the tech that has been the foundation of the world’s most popular and oldest cryptocurrency. What was fascinating at the beginning was how it branched out from being just the underlying tech of cryptocurrencies to developing numerous use-cases. Be it bringing...
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Blockchain tech in healthcare? Here’s how DLT can change so many things

The introduction of the blockchain network in the healthcare industry is something that’s been talked about a lot. Though there isn’t a proper model in place to this day. Discussing the topic, Samson Williams, Principal Consultant for Axes and Eggs, in a recent podcast talked about the difficulties faced while making the hospital staff understand...
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Binance Chain transactions in 2019 were 95% ‘on-chain orders:’ Analyst

Cryptocurrency analyst, Christian Ott, recently published an article on his blog regarding statistics of transactions and assets on Binance Chain, the blockchain developed by cryptocurrency exchange giant, Binance. In his analysis, Ott found that the number of transactions on the chain grew from 3.2 million in Q2 of 2019 to 20.7 million in the following...
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Chinese tech giant Baidu’s Super Chain launches Open Network

One of China‘s biggest tech giants, Baidu, made headlines a few years ago after it launched the supposedly energy-efficient Baidu Superchain blockchain protocol. It is in the news again after Super Chain officially launched an open network on 6 January 2020. The network has been launched with the intention to empower SMEs and developers. A...
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Bitmain Co-founders at Loggerheads Over Mass Layoff Plans

Ousted Bitmain co-founder, Micree Zhan, has come out to oppose Bitmain’s plan to layoff about 50% of its workforce. According to Zhan, the Bitcoin (BTC) mining giant’s plan to sack employees was a mistake, given that the company was in a healthy financial situation. Earlier in January 2020, reports emerged that the Bitmain was planning...
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Prominent Investor Bullish On Bitcoin as Iran Situation Heats Up

Bitcoin really hasn’t done well in the past few quarters, with the price of the leading cryptocurrency tanking from $14,000 to as low as $6,400 in mere months. This means that at its worst, BTC was trading down 55% from its 2019 high. Despite this, a prominent cryptocurrency fund manager and former Wall Street executive...
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Bitcoin to Crash In Financial Crisis? Antonopoulos Thinks So

The “incoming recession” seems all anyone can talk about over the past few months. Just look to some of the foremost headlines in financial media, which repeat the word over and over again. While this may seem like fear-mongering, there is evidence to suggest that danger for the economy is on the horizon: the yield...
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Blockchain To Reach 1 Billion Users By End of Decade – Brian Armstrong

Coinbase CEO Brian Armstrong spilled out his thoughts about the Blockchain and Crypto industry in a blog post. As per his estimation, 1 billion users will join blockchain by the end of decade as more and more use cases are being invented. As we write, blockchain is already implemented in Financial sector with many firms...
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Binance.US joins Bittrex, Gemini on Chamber of Digital Commerce’s Executive Committee

In an effort to shape blockchain-focused policies, Binance.US, the United States-centric arm of the Malta-based Binance, has announced that it has joined the Chamber of Digital Commerce as part of its Executive Committee to bring in education, advocacy, and industry-wide regulatory development. According to Binance.US’s official blog post on the same, the crypto–exchange and the...
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Binance has ‘strategic acquisition discussions’ lined up for 2020: CZ

The Internet bubble prompted the establishment of new innovations that the masses did not realize they needed at that point. Some survived while others shut down for being too innovative and radical for that time. 11 years since the inception of Bitcoin, the industry has seen the space evolve, with newer cryptos coming into existence...
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Volatile Bitcoin Starts 2020 Off By Plunging & Then Bouncing Over $7300

The price of BTC fell by 3.5% in the past 24 hours, tumbling below $7,000 to trade around $6,800 for the umpteenth time in a few weeks’ time before sharply bouncing back to over $7300. Altcoins followed suit. Ethereum, XRP, and effectively the rest of the digital assets fell by a similar price, crushed under...
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Bitmain May Soon Cut 50% Of Staff Ahead of Bitcoin Halving

At a time, Beijing-based cryptocurrency mining company Bitmain was easily the largest Bitcoin-related company, sporting a valuation of (at least) $14 billion in the Chinese private equity markets. Though, since it secured such valuations in 2018, Bitmain’s business has slowed in a spectacular fashion seemingly due to three reasons: The price of Bitcoin, despite it...
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Crypto Market Update: Bitcoin, Ethereum, EOS & Litecoin Price Analysis 3rd Jan

Bitcoin price declined in the past few days below the $7,300 and $7,100 support levels. BTC/USD tested the $6,900 support and it is currently correcting higher over $7300. However, there are many hurdles on the upside, starting with $7,300 and up to $7,500. Similarly, there was an increase in selling on most major altcoins, including...
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Argo Blockchain Aims to Become The Largest Publicly-listed Crypto Miner

Cryptocurrency miner Argo Blockchain has announced that it is installing new 3,616 Bitmain machines to increase its mining capacity by 75%. The team took to Twitter to announce that the company has already taken delivery of 3616 Bitmain Antminer T17s machines. However, more 6384 T17s machines are on its way till January end. The new...
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Ticker Tool Uses the BCH Blockchain to Provide Reliable Rate Data

Instantly verifiable, unhackable and forever retrievable are some of the key features of information stored on a blockchain. These are also the characteristics that traders of various assets, commodities and currencies would appreciate when it comes to the price data they are using. The team behind the Blitz Ticker project have decided that’s exactly what...
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Read.cash Platform Rewards Content Creators With Bitcoin Cash Incentives

Since the platform’s launch, the Bitcoin Cash-centric blogging site read.cash has gathered a lot of traction. The website’s user base publishes interesting content and new material on a daily basis with the most popular authors gathering tips in bitcoin cash for their work. Also Read: These Are the Bitcoin Stories You Loved in 2019 Read.cash...
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Bitcoin’s 2nd Proof-of-Keys event: All eyes on exchanges’ readiness

Not your keys, not your coins Let the meaning sink in… It’s the most popular adage in the crypto-community. This mantra is echoed time and again or each time an exchange gets compromised! Just like Satoshi Nakamoto, Trace Mayer ignited the Proof-of-Keys [PoK] revolution on January 03, 2018. To the people outside looking in, the...
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Four Months Out: What Do Analysts Think of the Bitcoin Halving Effect on Price?

With it now being January 2020 — happy new year, Blockonomi readers — Bitcoin’s “halving” or “halvening” is now four months out. For those that missed the memo, this cyclical event that takes place every four years is when the number of coins issued per block gets cut in half, equating to a  50% decrease...
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Economist Brands Bitcoin a “Scam” On Mainstream Media

While Bitcoin is now over 11 years old, the cryptocurrency is seemingly still subject to accusations by many mainstream economists and investors that it is a “scam.” This was proven recently when an economist bashed the leading digital asset on Yahoo Finance. If you’ve been following Bitcoin’s news cycle at all over the past few...
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Why Nick Szabo Probably Isn’t Satoshi

Search online for ‘possible creators of Bitcoin’ and Bit Gold creator Nick Szabo will always appear near the top of the list. His long history in the cypherpunk space, his writings on money, digital cash, and smart contracts, and some facts about his past have often been used to create a compelling picture that he...
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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network...
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Wifi Sharing Platform Wicrypt Gets Government Grant in Nigeria

A crypto startup providing wifi hotspot sharing services in Nigeria has won funding from the country’s telecom regulator. Wicrypt placed second among 25 tech companies participating in an innovation competition organized by the Nigeria Communication Commission and it’s going to receive a grant worth 2 million naira to finance its project. Also read: Skrill Now...
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The Year in Ethereum: DeFi Saw Mass Adoption & Serenity Drew Closer

Price-wise, Ethereum hasn’t had the best of years. The second-largest cryptocurrency, according to an analysis by Bitcoin educator Jimmy Song, has lost 18% against the U.S. dollar year to date, which comes in stark contrast to Bitcoin’s approximately 85% gains in 2019. Notably, altcoins as an entire class have suffered over the course of the...
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The Year in Crypto: What Are the Top Crypto & Blockchain Stories of 2019?

While a holiday lull has fallen upon Bitcoin, now stagnating in the $7,000s, the past year has been filled with a flurry of triumphs and disappointments for the cryptocurrency and blockchain space. Not only has the crypto market seen its fair share of ups and downs, but so too has the underlying industry, which continues...
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