Announced on the 6th of November, the Stellar Foundation is planning the biggest airdrop in cryptocurrency history thus far. USD 125 Million in Stellar Lumens tokens (XLM) are to be given away to those who have a Blockchain wallet. Blockchain (formerly Blockchain Info) are the creators of the most popular online crypto web wallet, which is facilitating the airdrop. The Stellar … [Read more...] about Stellar Foundation Planning Biggest Airdrop in Cryptocurrency History
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Japanese Bank to Launch Yen-Pegged Stablecoin FBC
The First Bank of Toyama is said to be experimenting with its own stablecoin backed on a 1-to-1 ratio with the Japanese Yen, though full details have yet to be released. The Japanese bank has a market capitalization of nearly USD 26 Billion and was established in 1944. Multiple Japanese institutions launching stablecoins The new coin is to be called the First Bank Coin (FBC), … [Read more...] about Japanese Bank to Launch Yen-Pegged Stablecoin FBC
eToro Investment Platform Donates USD 1 Million to GoodDollar Wealth Inequality Experiment
Investment platform eToro has announced a USD 1 Million donation towards the GoodDollar open source wealth inequality experiment. GoodDollar makes use of a cryptocurrency which would allow the unbanked to benefit from social interest income based on a type of universal basic income (UBI). The GoodDollar experiment The GoodDollar experiment is a universal basic income model … [Read more...] about eToro Investment Platform Donates USD 1 Million to GoodDollar Wealth Inequality Experiment
Elon Musk Impersonators Steal GBP 120,000 in Bitcoin Scam
As reported by the Telegraph, bitcoin scammers were able to steal GBP 120,000 in BTC while impersonating Elon Musk on Twitter. First, the hackers took over the accounts of two UK companies, Matalan and Pathé UK. Once these accounts were taken over, the names were changed to Elon Musk, and a cryptocurrency giveaway was set up. The two company profiles kept the blue verification … [Read more...] about Elon Musk Impersonators Steal GBP 120,000 in Bitcoin Scam
Bancor X Crypto Exchange Goes Live to Facilitate Blockchain Interoperability
In a November 5th Twitter post, Bancor announced the launch of a new type of exchange which will facilitate instant cross-chain transactions between cryptocurrencies. The new exchange is called ‘BancorX,’ and it will enable seamless conversion for over 110 ERC-20 and EOS cryptocurrencies. As per the post -“We are thrilled to announce that our Cross-Blockchain Decentralized … [Read more...] about Bancor X Crypto Exchange Goes Live to Facilitate Blockchain Interoperability
US Healthcare Firm iAM Turns to Blockchain to Prevent Medical Data Fraud
Fraud is a serious concern in the US health industry, which is estimated to be worth over USD 3 Trillion. There have been multiple instances where people pose as doctors and issue unsafe medication to patients. Other fraud scenarios involve fake insurance claims through the falsification of medical data. To fight this phenomenon, a company known as Instant Access Medical (iAM) … [Read more...] about US Healthcare Firm iAM Turns to Blockchain to Prevent Medical Data Fraud
Crypto Loans on the Rise – BTC Used as Collateral for Canadian Dollars
It is now possible to attain a loan for Canadian Dollars (CAD) using bitcoin as collateral. The ability to use crypto as a form of collateral for fiat is a sign of further legitimacy for the sector. More providers are expected to follow suit and offer crypto loans, with a wider range of fiat currencies for a larger range of acceptable cryptocurrencies used as collateral. The … [Read more...] about Crypto Loans on the Rise – BTC Used as Collateral for Canadian Dollars
Deloitte Announces Plans to Place Digital Identity on the Blockchain
On November 5th, Deloitte announced via a press release a partnership with Attest Inc to facilitate government digital identity on the blockchain. Users will be able to store government and corporate identities on a distributed ledger. Through this technology people will be able to control their digital identities and who has access to them. The project is focused on giving … [Read more...] about Deloitte Announces Plans to Place Digital Identity on the Blockchain
Overstock CEO Says that Imminent Collapse Will Facilitate Global Crypto Adoption
Patrick Byrne, CEO of Overstock, has revealed his opinion that a financial collapse is imminent and that it will be the final push for global crypto adoption. Byrne cites Venezuela as a case study where a collapse of the fiat financial system has already facilitated crypto adoption. Bitcoin trade volume and DASH usage have increased drastically in Venezuela following the … [Read more...] about Overstock CEO Says that Imminent Collapse Will Facilitate Global Crypto Adoption
Dogecoin Creator on the “Re-Centralization” of Cryptocurrency
In a submission to the Diar publication, Dogecoin creator Jackson Palmer has outlined some of the concerning trends that are taking place in the DLT industry, most notably that people are completely forgetting that the DLT industry was designed to replace the current infrastructure, not integrate into it. Dogecoin was created in December 2013 as a joke but quickly developed a … [Read more...] about Dogecoin Creator on the “Re-Centralization” of Cryptocurrency
IBM Applies for Blockchain-Based Augmented Reality Patent
IBM is setting the standard as world leaders for blockchain deployment. Many top companies go to IBM for consultation on how to build, maintain and deploy distributed ledgers, and they have 89 patents outstanding in relation to blockchain technology. Their most recent patent has extended beyond blockchain and concerns augmented reality (AR). The AR blockchain patent … [Read more...] about IBM Applies for Blockchain-Based Augmented Reality Patent
Lition Decentralized Energy Project Powering Over 700 German Homes
An Ethereum-based decentralized energy project is reported to be sustaining over 700 households in Germany. Lition was launched earlier this year and currently operates in over 10 cities in Germany, where it is a licensed energy supplier. Lition is built on the Ethereum blockchain and uses smart contracts to connect buyers and sellers. It claims cost savings of … [Read more...] about Lition Decentralized Energy Project Powering Over 700 German Homes
Dash Text to Bring Crypto-SMS Payment Service to Venezuela
Privacy network Dash has announced the release of a crypto-SMS service ("Dash Text") where residents of Venezuela can pay for goods and services via SMS. The service is currently in beta testing mode. Dash has a strong presence in Venezuela after the complete collapse of the economy which rendered the national currency worthless. Dash Text goes live Dash Text was created … [Read more...] about Dash Text to Bring Crypto-SMS Payment Service to Venezuela
Whiteblock Blockchain Testing Indicates Serious Flaws in EOS Network
Whiteblock Inc, one of the world’s foremost blockchain testing firms offering Blockchain Testing as a Service (BTaaS), has released a damning report on the EOS network. The benchmark blockchain testing project was requested by a number of companies, and it is the first independent benchmark test on EOS.Whiteblock’s data has been used by entities such as Google, Microsoft, … [Read more...] about Whiteblock Blockchain Testing Indicates Serious Flaws in EOS Network
Nasdaq Claims to Have Answers to Crypto Manipulation, Community Remains Skeptical
As reported by Bloomberg, US stock exchange Nasdaq believes it can solve the serious issue of manipulation in the cryptocurrency market. A report released on the first of November by Nasdaq indicated that the exchange had significant experience in dealing with the manipulation and fraud issues so prevalent in the cryptocurrency industry. Nasdaq uses 'SMARTS' technology which is … [Read more...] about Nasdaq Claims to Have Answers to Crypto Manipulation, Community Remains Skeptical
Morgan Stanley Research – Bitcoin is Already an Institutional Asset Class
A comprehensive thesis released on October 31st by Morgan Stanley has mapped out the evolution of bitcoin from digital cash to a fully fledged institutional asset class. The report indicates that while the retail investment space might be stagnating, institutional investment has been steadily increasing. The institutional investment was divided into 48% hedge funds, 48% venture … [Read more...] about Morgan Stanley Research – Bitcoin is Already an Institutional Asset Class
BitMEX CEO – Bitcoin ‘Bear’ Market to Last 12-18 Months
The CEO of the BitMEX exchange has stated that the current cryptocurrency bear market could easily last for the next 18 months. BitMEX is one of the worlds largest derivative exchanges. Speaking with Yahoo Finance, Bitmex CEO Arthur Hayes indicated that “My view is the volatility environment that exists right now could persist for another 12 to 18 months. I’m just basing it off … [Read more...] about BitMEX CEO – Bitcoin ‘Bear’ Market to Last 12-18 Months
ConsenSys Acquires Asteroid Mining Company, Planetary Resources
ConsenSys, the Ethereum-focused blockchain organization, has recently acquired the Planetary Resources asteroid mining company. Planetary Resources was founded in 2012, and the terms of the deal were not disclosed. What is Planetary Resources? Planetary Resources are hoping to mine some of the 16,000 asteroids near earth and are currently investigating methods to launch into … [Read more...] about ConsenSys Acquires Asteroid Mining Company, Planetary Resources
Oyster Pearl Founder Steals Funds, Releases Telegram Chats of Insider Trading
The founder of the Tangle-based blockchain startup Oyster Pearl has reportedly stolen over USD 300,000 of Oyster Pearl tokens (PRL) by taking advantage of a smart contract vulnerability, according to current CEO William Cordes. The funds were sold on the Kucoin exchange.There is a split in the project between Bruno Block, accused of stealing USD 300,000, and Cordes. Block … [Read more...] about Oyster Pearl Founder Steals Funds, Releases Telegram Chats of Insider Trading
Crypto Derivatives Potentially Banned by UK Financial Conduct Authority
According to the Financial Times, the UK Financial Conduct Authority (FCA) is considering a ban on crypto derivatives. Cryptocurrency derivatives are believed to be inherently more risky than the underlying assets, and these derivatives include CFDs, options, and futures. The extra fees associated with derivatives add further volatility. The research referred to issues with … [Read more...] about Crypto Derivatives Potentially Banned by UK Financial Conduct Authority