Category: Blockchain

With $1.7 billion in the bank following its initial coin offering (ICO), Telegram has released its first crypto-friendly feature – but security researchers are skeptical. As detailed in a blog post published today, Virgil Security, a U.S.-based startup, has identified several weaknesses in the new identity verification app, called Passport. While the company praised Telegram…

“Those who failed to translate the headlines into reality will write off their investments and give up”   About 90 percent of currently active U.S. companies’ blockchain initiatives will ultimately be abandoned. This statistic comes from a study by Forrester Research, cited by Bloomberg in an article July 31. The U.S. market research firm Forrester…

There are early adopters, then there are early early adopters. Revealed exclusively to CoinDesk, the first coder to work alongside bitcoin’s pseudonymous creator Satoshi Nakamoto, Martti ‘Sirius’ Malmi, is joining a team of developers launching a new cryptocurrency called AXE. The project, which is combining Malmi’s Identifi online reputation system with decentralized database system GUN, is…

Bitmain Plans Overseas IPO, Earned $1 Billion in Net Profit in Q1, Sources Report Jihan Wu, the co-CEO of crypto mining hardware giant Bitmain, is reportedly planning to conduct an overseas initial private offering (IPO), Fortune’s crypto-focused section The Ledger reports July 30. Bloomberg had reported in June that Wu was “open” to holding an…

Commonwealth Bank of Australia Ships 17 Tons of Almonds to Europe With Blockchain The Commonwealth Bank of Australia (CBA) has announced the completion of a successful trade using its new blockchain platform, according to its July 30 press release. In a collaborative effort involving five domestic and international “supply chain leaders,” the bank used blockchain…

The crypto and blockchain industry’s go-to encrypted messenger app Telegram has released a personal identification authorization tool, according to an official statement published July 26. The tool, dubbed Telegram Passport, reportedly encrypts a user’s personal ID information and let’s users securely share their ID data with third parties, which the Telegram post elaborates on as…

Canada-based DMG Blockchain Solutions has launched the installation of an 85-megawatt substation for crypto mining expansion, according to an official statement July 26. The DMG crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricity providers. DMG Blockchain Solutions is a multi-sector crypto and blockchain firm…

The Swiss Financial Market Supervisory Authority (FINMA) has launched enforcement proceedings against crypto mining firm Envion AG over its potentially unauthorized token sale, according to a FINMA press release today, July 26. Swiss-based Envion AG is an off-grid mining company that claims to use decentralized, clean energy to power its mobile mining units, and completed…

Crypto security startup BitGo’s latest technology – “predictive UTXO management” – sounds technical, but it’s got an end goal that everyone will understand: cutting crypto fees. Revealed exclusively to CoinDesk, BitGo is the first mainstream crypto company adopting a spin on “coin selection,” a scaling technology that’s been one of many touted as a way to…

“Cambrian explosion” of disparate currencies Most of these early blockchain innovators just took the original cryptocurrency’s source code, made their preferred changes, and launched their alternative versions as distinct cryptocurrencies; it was as if they’d modified the DNA of an existing species to create a new, reproductively isolated branch of the family tree.   What…

Ethereum co-founder Joseph Lubin referred to Berlin as “the most important city in the blockchain cosmos”, Cointelegraph auf Deutsch reported July 25. Lubin said that, “Berlin has the infrastructure, Berlin has the talent, the really good programmers are here.” Lubin added that, if Berlin wanted to maintain its status as a blockchain hub,  “the government…

The hottest new apps on ethereum resemble an old favorite: the Ponzi scheme. At least that’s the early consensus on FOMO 3D and PoWH3D, two of the platform’s top three apps entering Tuesday. According to data website DappRadar, both games have amassed 20,000 ether ($9 million) in trading volume over the last 24 hours, a figure…

“To me, it kind of feels similar to the beginning of ethereum.” Andrew Paulicek, founder of Happy Tezos, isn’t the only one excited about the upcoming milestone in the life of Tezos, a blockchain network that launched three weeks ago after a series of long, painful delays. Every three days or so – the exact…

Cloud cryptocurrency mining service HashFlare announced July 20, that it is stopping mining services and shutting down hardware on current SHA-256 contracts due to difficulty generating revenue. HashFlare is a cloud cryptocurrency mining platform founded in 2013. Cloud mining is a system where a user purchases a portion of the mining power of hardware hosted…

A team of Bitcoin (BTC) engineers has announced the launch of the Bitcoin Operations Technology Group (Bitcoin Optech) addressing the problem of Bitcoin’s scalability, according to their statement published July 20. Bitcoin Optech is a non-profit organization backed by leading industry players like PayPal Board Member Wences Casares, executive of Kohlberg Kravis Roberts & Co.…

“Scarcity” may be a crypto buzzword, but “shortage” has hardly made the footnotes – until now. In early July, the developers behind U Network, a blockchain publishing protocol valued at around $8 million, abruptly announced that it had run out of its reserve of UUU crypto tokens, and that it planned to buy back some of…