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South Korean music giant SM Entertainment announces plans to launch its own blockchain, cryptocurrency

A host of South Korean institutions have realized the potential and importance of integrating digital tokens into their businesses. Major businesses have already taken a step forward by announcing their own native tokens, taking a step closer to the mainstream adoption of cryptocurrencies. K-pop music giant SM Entertainment became the latest member to join the...
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Chainlink releases privacy-focused white paper for DeFi smart contracts

Chainlink, a service that provides tamper-proof I/O for smart contracts, recently published its ‘Mixicles’ white paper. According to Chainlink, Mixicles are DeFi instruments embedded with oracles, which mediate between data both on and off the blockchain, and include mixers for the promotion of financial instruments’ privacy. We’re thrilled to release our work on Mixicles, a...
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Samsung releasing new crypto-friendly smartphone dubbed ‘KlaytnPhone’

South Korean electronics manufacturer, Samsung, has time and again shown an interest in the field of cryptocurrencies and blockchain tech. Earlier this week, the company had filed a patent for a programmable blockchain solid-state drive [SSD], with the company last month integrating Pundi X’s XWallet app into its Samsung Blockchain Wallet. The electronics giant is...
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Tron Foundation announces completion of native coin’s buy-back plan

Tron completed the first phase of the buy-back plan it had announced two months ago. This phase is in line with measures being taken to prevent the plummeting prices of Tron on the cryptocurrency charts. With a number of projects set in motion to boost Tron’s presence in the crypto-ecosystem, the successive release of BTFS,...
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Akoin meant to replace fiat currency across the African continent, claims Akon

Alongside several financial and non-financial institutions finally embracing crypto, successful entrepreneurs from other business sectors have also taken the leap, with many launching their own brand of new cryptocurrencies. One of the most prominent figures in this space is renowned musician and record producer, Akon, who made a rare appearance in an interview to discuss...
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Norway’s Sparebanken Øst joins bandwagon by investing in local cryptocurrency exchange

With big-league financial institutions finally realizing the importance of cryptocurrencies, the Norwegian Bank has also joined the bandwagon. The bank is in the news after it took a step forward by investing in Norwegian Block Exchange, an exchange that was founded by local business magnate, Bjørn Kjos. According to reports, Sparebanken Øst has paid 15...
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XRP community rejoices as Ripple hires Ron Hammond as Manager of Government Relations

Ripple has been regularly making headlines, with many in the XRP community threatening a hard fork if Ripple’s board continued to dump Ripple’s native token. The San Francisco-based blockchain firm is in the news again after Ron Hammond was appointed as the Manager of Government Relations at Ripple. He was previously a part of the...
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Bitcoin makes news for the wrong reasons again after Chinese student kidnapped for ransom

The use of Bitcoin, the world’s largest cryptocurrency, for unlawful purposes does not seem to stop after the case of a Chinese student, Ye Jingwang, being kidnapped for ransom emerged. The kidnappers demanded a ransom of 80 BTC. With the king coin crossing the $10,000 mark, illegal activities have also surged. Just recently, a man...
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XRP whales rise from dormancy as hundreds of millions moved between wallets

With Bitcoin maintaining its position above the $10,000 mark, the crypto-market saw a host of significant whale movements between wallets. In spite of the larger market’s sideways movement, Ripple and its token, XRP, have benefited from the king coin’s surge.Whale Alert,  one of the web’s major cryptocurrency transaction trackers, shared news of a significant transfer...
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Travala announces moving to Binance chain to initiate buyback and burn program

With many industries globally finally embracing the benefits associated with cryptocurrency payments, the travel industry is also stepping up to include it in its business operations. Doing so is contributing towards increasing adoption of cryptocurrencies across all sectors. Booking platform Travala’s recent revelation that more than 62% of its bookings were done using digital assets...
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Eligma raises €4 million in funding from Roger Ver’s Bitcoin.com and Pangea Blockchain Fund

The current payment infrastructure surrounding retail stores prevents them from tapping into potentially substantial businesses from the cryptocurrency community. Eligma is an one of the growing exceptions, with the firm raising over €4 million ($4.4 million USD) in investments from Bitcoin.com and Pangea Blockchain Fund. Eligma plans to bridge this gap using Elipay – an...
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Malta-based Binance announces second phase of Binance Lending Products

Changpeng Zhao-led cryptocurrency exchange, Binance, recently launched a crypto-lending platform on its network. The exchange had informed the community that the lending platform was supporting just three assets, namely, BNB, ETC, and USDT. Holders of the aforementioned coins could engage in lending and further, earn interest through the exchange’s services. The Malta-based exchange will be...
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Bitcoin must not surge at the expense of another financial breakdown, warns eToro founder Yoni Assia

In a recent interview, the founder and CEO of eToro, Yoni Assia shed light on the fact that several people anticipate or expect the 2008 financial crisis to repeat itself. This is primarily because the crypto investors expect a surge in the price of Bitcoin in such a case. The potential financial crisis would enable...
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Litecoin, Ethereum and Bitcoin Cash are gaining ground in travel industry

The clear rise in adoption of cryptocurrencies can be noted across various sectors, such as tourism. Major heavyweights of the tourism sector, such as Blockchain Cruises and Expedia, are already offering services that accept payment in crypto. Benefits of cryptocurrency payments are being realized at a global level. Travala, room-booking website that accepts cryptocurrency, achieved...
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Litecoin records low figures of active addresses in light of volatility speculations

After a significant drop in Litecoin’s hash rate and price after the halving, the crypto was widely speculated to have exhibited signs of volatility. Additionally, the number of active addresses on the network also dropped to an almost two-year low. While Litecoin and by extension, the cryptocurrency space, is no stranger to FUD and FOMO,...
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Bitcoin’s PoW is more scalable than hashgraph as minimum data is required for block generation

Blockchain security and scalability are fundamental aspects of an asset’s decentralized network. Major digital currencies, including the likes of Bitcoin and Ethereum, received criticism largely because of their scalability issues. Bitcoin has a 2nd layer protocol or the lightning network to address their scalability concerns at the moment and Ethereum is moving toward Proof-of-Stake algorithm...
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Playbetr: Best Bitcoin and Ethereum cryptocurrency sportsbook and casino

A combination of the industry’s best, Playbetr is a unique and favorable Ethereum and cryptocurrency casino and sportsbook. Ranked at the top alongside its competitors, this online gambling and gaming site provides a first-class user experience. Through consistently raving reviews and satisfied customers, this site has risen in the market with over 1,000 casino games...
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XRP’s breach of symmetrical triangle likely to boost short-term price

XRP’s price has witnessed substantial volatility; over the past two weeks, XRP’s price slumped on various occasions but the valuation managed to exhibit a minor hike. 1-hour chart Source: Trading View In the 1-hour chart, it can be observed that the coin’s movement adhered to a falling wedge pattern before a bearish breakout unfolded. Generally,...
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Libra’s launch could weaken ECB’s ability to set financial policies, says ECB Board Member

Facebook’s Libra continues to face resistance from institutions across the globe. Yves Mersch, ECB Board Member, was the new entrant to join the list of Libra’s critics. Yves Mersch, who is a former Governor of Luxembourg Central Bank, believed that the proposed virtual asset’s launch could weaken European Bank’s ability to introduce monetary policies and...
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Tron’s TRX added on Bithumb; TRX/BTC and TRX/USDT trading pairs now available on exchange

Justin Sun’s Tron Foundation has time and again exhibited its dominance in the DApp space. Most recently, Tron added six new DApps into its network and currently shelters a total of 568 DApps. Irrespective of the several developments and progress of the Foundation, Tron’s native cryptocurrency, TRX had a tough week as the coin was...
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Andreessen Horowitz hosts meeting with Washington’s financial watchdogs

Popularly known for investing in innovative companies, Andreessen Horowitz hosted a private event in May assembling the financial watchdogs of Washington in order to persuade them to be more considerate toward cryptocurrencies. Andreessen Horowitz has invested in a number of projects including several blockchain and cryptocurrency-related projects. According to the Wall Street Journal, officials from...
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Blockchain Expo world series announces event dates and new conference agenda

The leading Blockchain Expo World Series has announced dates for the final event in the 2019 series and new Global and Europe 2020 dates. The conferences are constantly evolving to meet the demands of the blockchain ecosystem. Bringing together content from industry leaders, top-level sponsors, and hundreds of exhibitors showcasing the very latest use of...
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Bitcoin sold at $6,500 on Thailand exchange after announcement of shutting down

Earlier today, prominent Thailand-based cryptocurrency exchange BX Thailand, abruptly announced that it would no longer function. The exchange was operated by Thai company, Bitcoin Co.Ltd and has been functioning for the last five years. The exchange’s website further revealed that it would not possess an SEC issued Digital Asset Exchange license for the next year that...
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Bitcoin is the solution to all the protests going around in the world, says Max Keiser

The era of virtual currency emerged in 2009 when Bitcoin was introduced. The virtual asset was overlooked in its initial years, with very few believing its potential to replace the current monetary system. One of those few individuals who believed in Bitcoin from the very beginning was Max Keiser. In a recent segment of the...
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Facebook’s Libra vs Telegram’s Gram: Why the two are similar and yet so very different

Messaging platform Telegram recently announced the launch of its native cryptocurrency, GRAM. The company revealed that the messaging giant’s blockchain would be compatible with Ethereum which would further allow users to operate Ethereum’s DApps on the Telegram blockchain through Solidity. The Telegram Open Network [TON], which is Telegram’s blockchain will publicly debut its testing today...
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‘Hodling’ Bitcoin has never been more popular; 6 million addresses bought BTC before it peaked $845

‘HODL’ is a fairly commonly used term in the virtual asset space and it is regularly used, referencing Bitcoin whenever a financial discussion is initiated between investors or traders. A certain group of people believes ‘hodling’ Bitcoin is still lucrative at present day, but a majority of users idolize hodling as a thing of the...
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Facebook’s David Marcus quits Project Libra; signs book deal with publisher of ‘The Accidental Billionaires’

DISCLAIMER/Author’s note: This is a satirical piece meant solely for entertainment purposes. Mark, if you’re reading this, please don’t take offense at any of this. Please don’t share and circulate my Facebook data (if you haven’t already, that is). Please don’t retrieve that old school-time pic of mine that I thought I had long deleted....
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Cryptocurrencies are very close to mainstream adoption, claims Marc Andreessen

Entrepreneur, investor, software engineer and a board member of Facebook, Marc Andreessen recently listed an array of parallels between the initial days of the Internet and the prevailing state of crypto. In a recent Crypto Regulatory Summit, one of the pioneers in the development of the internet, Andreessen begin the segment by talking about the...
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Facebook’s Libra might fill Bitcoin’s void as a payment network, suggests Arba’s CEO

Social media giant, Facebook’s dramatic entry into the crypto-sector diverted the attention of the world towards the ecosystem. Even as Facebook struggled to receive support from lawmakers, several people from the crypto industry expressed their support toward Libra. Citing Facebook’s strong global reach, the community regaled benefits of the social media giant’s entry into the...
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Tron Foundation’s DApp report reveals release of new DApps, growing smart contract numbers

The Tron Foundation became part of the cryptospace in 2017 and regardless of its late entry into the ecosystem, the Foundation hasn’t steered away from the spotlight. Owing to his clever and relentless marketing, CEO Justin Sun has managed to retain public excitement for the ecosystem. Tron’s dominance in the DApp space is undefeatable, nevertheless,...
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