A Singapore-based company Egretia is aiming to combine HTML5 - a technology to structure and present content online - with blockchain to create the world’s first HTML5 blockchain engine and platform. The new technology could increase blockchain apps popularity, Egretia team believes.
New hardware upgrades and rapid development of the Internet were needed to prepare HTML5 for a mass adoption. Now, when roadblocks as performance and traffic have been eliminated, the t...
Cryptocurrency trading platform Bitfinex has recently distributed a letter to certain users, saying that they are required to disclose their tax information, which the exchange may share with the government, according to a statement from the exchange on Twitter May 17.
We have not sent this message to all users. We have deliberately targeted users that we believe have an obligation to self-disclose. If a user has _not_ received a message from us, she need...
A pseudonymous team of developers have created a family of new consensus protocols for blockchains.
Cornell University professor and blockchain researcher Emin Gun Sirer announced the new protocols Thursday at Token Summit III in New York, explaining that they combine what he referred to as the "classical consensus" and "Nakamoto consensus" models in blockchain network decision-making.
"The way this protocol works is incredibly simple yet incredibly powerful," he said.
Leading US banking group and financial services firm JPMorgan Chase has recently created and filled the new position of head of crypto-assets strategy, Business Insider reported today, May 17.
London-based Oliver Harris, 29, will take the new role, reporting to the head of blockchain development, Umar Farooq. Harris will also lead JPMorgan’s internal blockchain project Quorum, which began testing by JP Morgan Chase and the National Bank of Canada last month.
Telegram Open Network is a project orchestrated by Pavel Durov, the creator, and sponsor of the Telegram messenger. Unofficial sources claimed that a public ICO was in the works, following two private sales undertaken by the company.
Recently, the Wall Street Journal reported on the topic of Telegram abandoning the plans for a public ICO. They do not reveal the source, but they claim that Pavel Durov and company are going to go exclusively with private investments to fuel the productio...
On May 17 the Digital Currency Group initiative and Over-the-Counter (OTC) cryptocurrency service, Genesis Global Trading, announced that Genesis was recently granted the New York state Bitlicense. The company that provides OTC solutions to institutional buyers can now operate freely in New York — A territory that many call, ‘the financial capital of the world,’ as Genesis aims to provide significant BTC, BCH, ETC, LTC, ZEC, XRP, and ETH liquidity in the state.
Indian IT giant Infosys is exploring the potential of blockchain technology to bring new efficiencies in trade finance.
Infosys Finacle, a subsidiary of the firm, announced Wednesday the development of a trade network called India Trade Connect (ITC) in partnership with seven Indian private banks, including ICICI, Axis Bank, South Indian Bank and Yes Bank.
The blockchain-based network has been designed to digitize trade finance business processes and covers areas such as owners...
The Tel Aviv Stock Exchange (TASE) is teaming up with Accenture and The Floor, an Israeli fintech hub, to build a blockchain securities lending (BSL) platform aimed to allow direct lending of all financial instruments.
The BSL will act as a "one-stop-shop for all securities lending activities, permitting access to larger securities volumes within shorter time-frames, even operating in shorter-term positions," a press release states.
On May 17 the Akari Global Foundation, an organization that aims to promote the increased adoption of Bitcoin Cash (BCH), launched a payment platform for BCH acceptance called Akari-Pay Advanced. The launch of Akari-Pay reveals a one-file BCH payment/donate page that doesn’t require any coding knowledge to utilize the platform.
Also read: Federal Reserve Pres: People Want Dollar, Not Volatile Crypto
Akari Global Foundation Launches Akari-Pay, a One-File Bitcoin Cash Payment/D...
Lael Brainard, member of the board of governors at the U.S. Federal Reserve, has said she does not see a "compelling" need for a Fed-issued digital currency.
Speaking at the Decoding Digital Currency Conference yesterday in San Francisco, Brainard said that, while central bank digital currencies may seem to address a number of challenges associated with cryptocurrencies, they "may not withstand closer scrutiny."
Further, with people finding easier ways to exchange digital payme...
In the US, China, and South Korea, many individual cryptocurrency miners and large-scale mining centers were cracked down for conducting illicit operations. For example, in April 2018, cryptocurrency miners in South Korea were arrested for illicitly utilizing cheap electricity to produce cryptos.
Chicken farm in South Korea
In South Korea, places such as chicken farms and factories in development restricted areas are provided with electricity at cheaper rates by the government...
Genesis Global Trading, a subsidiary of the Digital Currency Group, has been granted a BitLicense from the New York Department of Financial Services (DFS), according to a press release published on PR Newswire today, May 17.
After the BitLicense became required for all New York crypto trading firms in August of 2015, a wave of crypto companies left the state, either unable or unwilling to comply with the stringent new regulatory requirements.
Security research firm RiskIQ published some of the code from MyEtherWallet's fake site and found that the hacker responsible for the $150,000 loss in the most recent incident is a native Russian speaker.
Voting is now open on BlockShow’s poll for the leading women and companies in the blockchain space, ahead of the BlockShow Europe 2018 conference, which takes place in Berlin on May 28-29. The polls will be conducted using blockchain-based app Polys, an online voting tool that leverages the security, anonymity and transparency of the technology.
BlockShow supporters worldwide can vote for those women and companies they feel are making the biggest impact on the European blockc...
In last weeks, a lot of traders put their trust and money in FuturoCoin. The price of FTO at the end of April was around $5, today’s price is around $23. As you can see more and more people are interested in our project
For now, you can trade FTO on four exchanges; CoinDeal, YoBit, Piyasa and SouthXchange. We know that a lot of traders see profit in FuturoCoin and now we can say that our market capitalization is around 767.37 M according to cryptocompare.
This year it appears crypto is ready for its close up. Hollywood has come knocking in significant ways. Alec Baldwin (The Boss Baby, SNL, Mission Impossible), Antonio Banderas (Shrek, Zorro, Spy Kids), and Oscar-winning filmmaker Bobby Moresco (Crash, Million Dollar Baby) are presently filming Lamborghini. It’s a biographical movie about Ferruccio Lamborghini, namesake behind the ecosystem’s favorite icon for crypto wealth. Fittingly, it’s also co-produced by Tatatu, a social entertainment co...
J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16.
Christine Moy, executive director of J.P. Morgan’s Blockchain Center of Excellence, told WSJ that blockchain “has the potential to be transformative” for the capital markets infrastructure.
Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, has officially submitted a listing application to Asia’s third-largest equities market – the Hong Kong stock exchange.
Also Read: HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus
$1 Billion IPO
Canaan posted a preliminary prospectus on Tuesday revealing it brought in a revenue of 1.3 billion yuan in 2017 and tha...
Germany’s second largest stock exchange, the Stuttgart Börse, which reportedly has a trading volume of $100 bln, has announced it is launching a zero-fee cryptocurrency trading app, Thursday, May 17. The smartphone app, dubbed ‘Bison,’ will be free to use as of fall 2018, and has been developed together with fintech startup Sowa Labs.
Four cryptocurrencies - Bitcoin, Ethereum, Litecoin and Ripple - will be supported from the app’s launch, with additional digital assets promis...
Jack Ma, the founder of Chinese e-commerce giant Alibaba, spoke out at the 2nd World Intelligence Conference in Tianjin, saying that blockchain technology is not a bubble, but Bitcoin is, Wednesday, May 16.
Ma said he has been researching blockchain for years, and believes strongly in its potential to address issues of data privacy and security for society at all levels - governments, corporations and individuals - in an "era of big data.” He stressed that security is a top p...
Blockchain identity startup Civic has launched a decentralized verification system - and a social media platform for the crypto community is already moving to adopt it.
Dubbed "ID Codes," the mechanism has been integrated with the website of Hilo, a social network platform for both experienced cryptocurrency traders and "newbies" that, when launched, will provide information on crypto tokens and prices.
According to Civic, ID Codes provide users and institutions with an indepen...
A new project aims to rejuvenate the skincare industry by launching a blockchain platform designed to solve problems “experienced by millions of people globally.”
Opu Labs says the vast majority of consumers get advice from social media, friends and product marketers – information which is often biased or too general to take their unique skin type into account. According to its white paper, just 12 percent of people get recommendations from professional dermatologi...
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir.
Also read: Thailand Waives 7% VAT for Individual Cryptocurrency Investors
Economist Alex de Vries, who published an article on “Bitcoin’s Growing Energy Problem,” yesterday, May 16, in scientific journal Joule, told the Independent that Bitcoin (BTC) mining will use 0.5 percent of the world’s energy by 2018.
De Vries concludes that as the BTC network currently consumes about 2.55 GW of electricity and moves towards consuming 7.67 GW in the future (for reference, Ireland consumes 3.1 GW and Austria 8.2 GW), the network “has a big problem, and it is...
Bitcoin’s (BTC) price has gone down around 10 percent this week since crypto conference Consensus ended yesterday, May 16, despite predictions that the event would cause the crypto markets to skyrocket.
Fundstrat’s Tom Lee, who had accurately predicted a crypto price rise in the wake of US tax day, had used past price spikes after the crypto event to predict a rally “even larger than past years,” according to Bloomberg:
“Bottom line: We expect BTC and cryptocurrencies t...
Nothing in this article is to be construed as investment advice. Neither the author nor the publication takes any responsibility or liability for any investments, profits or losses you may incur as a result of this information.
In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, while Iran and Russia are thinking about using cryptocurrency in bilateral trade.
China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17.
As online cryptocurrency news account cnLedger reports quoting local media outlet China Electronics News (CEN), the Chinese government’s top five cryptocurrencies begin with Ethereum, followed by Steem, Lisk, NEO and Komodo.