Category: Blockchain

Coinfloor’s CEO Explains Decision to Delist All Crypto but Bitcoin London-based cryptocurrency exchange Coinfloor will delist all cryptocurrencies but Bitcoin (BTC) to focus on Bitcoin only services in January. The United Kingdom’s oldest crypto exchange will delist all cryptos including the second-biggest altcoin Ether (ETH) and Bitcoin Cash (BCH) in conjunction with the 11th anniversary…

Jill Carson, co-founder of Open Money Initiative Opinion Piece – an interesting read: Jill Carson is co-founder of the Open Money Initiative, a non-profit research organization working to guarantee the right to a free and open financial system, and co-host of the What Grinds My Gears podcast. She also works as an advisor and consultant…

Vitalik Buterin has claimed that Ethereum will support 3,000 transactions per second after the upcoming Istanbul fork. By Miko Matsumura Will this unleash a new wave of Ethereum creativity? Might we expect a surge in traffic on the Ethereum network? Could its increase influence the price of ETH? Ethereum is slow The conventional wisdom is…

Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency. As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy Valley-Goose Bay —  filed bankruptcy documents in late November, listing CA$13.2 million ($10 million) in liabilities,…

Russian mining and smelting giant Nornickel has commenced testing its digital platform for metals trading. As Bloomberg reported on Dec. 5, Nornickel began trialing its platform for digital metal tokens in collaboration with physical commodities trading group Trafigura Group Ltd., metals finance and logistics firm Traxys SA and materials technology and recycling group Umicore SA.…

BRICS is the acronym coined for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States,…

Payments startup Ripple has completed the acquisition of its $50 million stake in remittance platform MoneyGram, the companies announced Monday.  According to a filing with the U.S. Securities and Exchange Commission (SEC), Ripple, in its final payment, bought $20 million of MoneyGram equity at a price of $4.10 per share, more than a dollar per…

Network tech giant Cisco has won a patent detailing how it could leverage blockchain to secure the data in 5G telecommunication networks. The San Jose, Calif.-based company submitted a patent application in June 2018 for a blockchain platform that can be natively integrated in wireless networks, according to a Nov. 26 filing from the U.S.…

German airline Hahn Air claims to be the first airline company to issue tickets on a blockchain, the firm announced in a press release on Nov. 18. The ticket sale using blockchain technology was made possible through Hahn Air’s collaboration with a decentralized platform for the travel industry, Winding Tree. Frederick Nowotny, head of sales…

What is a zero-knowledge proof? A zero-knowledge proof is a digital protocol that allows for data to be shared between two parties without the use of a password or any other information associated with the transaction. In its most basic sense, a zero-knowledge proof (also commonly referred to as ZKP) can be thought of as…

Lagos-headquartered fintech Opay has sealed $120 million in a series B financing round from a host of high-profile Chinese investors. Founded in 2018 by web browser developer Opera, OPay — which focuses on developing digital payments solutions to promote financial inclusion — had previously raised $50 million in June of this year, according to what…

The Bitcoin Core development team released the latest update on Nov. 24 to Bitcoin (BTC)’s original software client — the nineteenth in the coin’s eleven-year history. Releasing Bitcoin Core 0.19.0 (eventually 0.19.0.1 in the available download version, following the discovery of a last-minute issue) was overseen by lead maintainer Wladimir J. van der Laan and…

China’s Zhejiang province has processed nearly $6 billion via a blockchain medical billing platform using Ant Financial’s blockchain technology, Chinese publication QNSB reports on Nov. 18. Successfully piloted in 2018, the blockchain-enabled platform allows citizens to make doctor’s appointments, get prescriptions as well as pay, record and store their medical bills online. At a local…

Blockchain it is not: the Proof-of-Authority (PoA) consensus algorithm does not require miners to be involved at all … and obviously forsakes on the 10-year proven test case against hacking and compromise of the PoW Blockchain. – TJACK While the proof-of-authority consensus algorithm is turning into perhaps one of the most mature versions of blockchain…