DigitalTown Inc. (OTC: DGTW), a company designed to help develop “Smart City” solutions, has just scored a major blockchain investment, and in doing so, has become one of the first publicly traded companies to fully adopt blockchain through the RChain third-generation blockchain.The $2.4 million investment comes from the venture capital firm, Pithia, which focuses on … [Read more...] about DigitalTown Closes $2.4 million Funding Round with Pithia
Fed up with the fraud and manipulation occurring in the cryptocurrency industry, the Securities and Exchange Commision (SEC) has launched its own cryptocurrency, known as HoweyCoins.HoweyCoins is listed as a cryptocurrency at the crossroads of blockchain technology and the travel industry, with guaranteed investment returns. According to the site: “Combining the two most … [Read more...] about SEC Launches Fake Cryptocurrency
On September 4, 2017, the Chinese government decided it was time to put an end to the fraud and manipulation of the cryptocurrency market by banning all ICOs and sales of cryptocurrency tokens. Then in February, the People’s Bank of China stated it would block access to all domestic and foreign cryptocurrency exchanges and ICO websites.These moves were seen as a huge blow … [Read more...] about China’s ICO Ban Isn’t Working, and It May Not Last Long
These days all anyone can talk about are how smart contracts are going to change the world. Everything from real estate to human resources to online gambling and more will change as a result of this revolutionary technology. Smart contracts are still complicated to design correctly and only developers, and those with intimate knowledge of coding, can create usable smart … [Read more...] about What is Agrello?
Problem There are over 1 billion people on the planet without a proper form of identification. These people, who are often displaced from their homes or live in poverty, are put at a severe disadvantage without ID and are less likely to receive healthcare, education, and other public services. Additionally, identity fraud and theft are rampant, with government-issued paper … [Read more...] about Crypto Case Study: Legal Identification
The Problem Online gambling is a huge business and is expected to reach almost $60 billion yearly by 2020. However, the industry is riddled with cheating, collusion, and fraud. Both Full Tilt Poker and PokerStars, two of the most prominent poker sites at the time, were shut down by the FBI, with Full Tilt being accused of running a Ponzi scheme in 2011, which resulted in $300 … [Read more...] about Crypto Case Study: Online Gambling
On May 7th, Microsoft announced the release of its Azure Blockchain Workbench, a tool to simplify blockchain app development and help businesses and developers alike.Microsoft touts the workbench as a solution to the complex nature of blockchain app development for businesses. It fits in seamlessly with any business operation and existing systems with REST-API or … [Read more...] about Microsoft Releases Azure Blockchain Workbench
Another in a long line of companies working on the development of decentralized identity solutions has just received significant funding. Trusted Key obtained $3 million for furthering its digital identity development for enterprise customers.Trusted Key sees itself bringing a solution to an industry with a great deal of inefficiency. “Highly regulated enterprises want to … [Read more...] about Trusted Key Receives Funding
Problem According to the World Bank, the global remittances market will reach $600 billion in 2018 and play a significant role in a world with less defined borders and boundaries. However, consumers and businesses attempting to transfer money globally have found it not only a slow and time-consuming process but costly as well.When money is transferred between banks or … [Read more...] about Crypto Case Study: Remittances
The Problem With the increased demand for data storage, businesses and consumers have turned to centralized cloud-storage options to keep sensitive data and information, where everything from personal photographs to confidential business documents are stored. However, these centralized services, because of their centralization, are prone to hacking and data theft, creating … [Read more...] about Crypto Case Study: Cloud File Storage
Computational power is not an infinite resource, as anyone who has tried to download or render a large file has certainly found out the hard way. Personal computers are only designed to run a limited amount of functions, and even business solutions and supercomputers are limited in their ability to complete complex functions. How can intricate computer functions be completed in … [Read more...] about What is Golem?
Learning Machine Technologies has just announced the closing of a seed funding round of $3 million to continue its mission of building a blockchain-based system for digital records. Learning Machine, which has previously partnered with the MIT Media Lab on a project for digital diplomas, obtained its funding through investments by PTB Ventures, Omidyar Network, and Learn … [Read more...] about Learning Machine Raises Seed Round
In 2013, Vitalik Buterin proposed a new cryptocurrency based on blockchain technology that sought to create the world’s largest decentralized supercomputing system that was equipped to handle an unlimited amount of decentralized applications and smart contracts. This new platform brought with it a new cryptocurrency, called ether, which was used to power the computing on the … [Read more...] about Why Ethereum Classic Still Matters
JP Morgan Chase has submitted a patent application entitled “Systems and methods for the application of distributed ledgers for network payments as financial exchange settlement and reconciliation” to the US Patent and Trademark Office (USPTO) on May 3rd.The financial institution cited the long and complex process involved in processing bank transactions in its … [Read more...] about JPMorgan Chase Files Blockchain Patent
The Spanish bank, Santander, has just released a new service for same-day international money transfers based on technology developed by Ripple across four countries. This significantly reduces transaction times and costs for cross-border payments that currently are inefficient and expensive to conduct. The service, which is known as “Santander One Pay FX,” will be available in … [Read more...] about Santander Launches Blockchain Solution Using Ripple Technology
While Bitcoin, Bitcoin Cash, Litecoin, and others get the most airtime for their potential in being new forms of currency for the 21st century, one cryptocurrency is already making headway in a crypto-friendly country and has become a staple in its economy. Nothing special? Unlike most other cryptocurrencies, MonaCoin (MONA) was created without a white paper behind it, and … [Read more...] about What is MonaCoin?
In a teaser video, IOTA has given a glimpse into its newest endeavor, Qubic. The video, which only uses graphical depictions and visual images, features oracles, smart contracts, and outsourced computations.IOTA founder, Dave Sønstebø, noted the project has been in the works for some time. “Qubic is a project we have been working on for quite a while internally in the IOTA … [Read more...] about IOTA Unveils Qubic
For all the talk of decentralized exchanges changing the way coins and tokens are traded, no solution has yet to overcome the problems plaguing the idea. Yes, decentralized solutions to exchanges are arguably better than their centralized counterparts, and there are some good solutions already out there. However, no decentralized exchange has fixed the issues facing them, … [Read more...] about Why Decentralized Exchanges Still Aren’t Good Enough
ConsenSys has cemented itself in the Alps. The blockchain venture production studio recently announced a partnership with the Crypto Valley Association (CVA), where it will be joining the group as a strategic partner.The CVA, an independent, government-supported association, is a major player in growing blockchain businesses in Switzerland, with connections all around the … [Read more...] about ConsenSys Heads to Switzerland, Partners with Crypto Valley Association
As the cryptocurrency industry becomes more and more popular, exchanges have started to transact billions of dollars worth of trades per day, making them an integral part of the crypto-ecosystem. However, most of these centralized exchanges are poor solutions, and prone to hacks which lead to identity theft and loss of coins. This is why the creation of a decentralized protocol … [Read more...] about What is 0x?