• Business

    Mining Operation For Bitcoin In New York State To Be Electrified By Hydroelectric Dam

    August 27, 2018 - By 

    New York State-based Bitcoin mining operations are expected to get fueled by a hydroelectric power station in the Q4 of 2018. A Bitcoin mining company based in California has completed its work on a transforming hydroelectric power station to maintain the new mining farm, reported in a press release on Thursday. DPW Holdings is now preparing for the use of the dam in Valatie Falls, New York, as a source of electricity for the bitcoin mining installation that will be built by the end of 2018. This initiative deciphers into a new competition for the growing mining population in the…

  • Foremost Shariah-Compliant Crypto Exchange Ready For Setup In The UAE
    Business

    Foremost Shariah-Compliant Crypto Exchange Ready For Setup In The UAE

    August 24, 2018 - By 

    The very-first cryptocurrency exchange compliant is supposedly going to be unveiled by a UAE-based firm, ADAB Solutions, with Shariah law. The assignment is opportunely given the title the First Islamic Crypto Exchange (or FICE). This cryptocurrency exchange will function worldwide and it aims to advance the participation of Muslims and Islamic finance users in the market for the cryptocurrency. Reportedly, this will turn out to be the foremost digital asset exchange that will be executing the transactions in keeping with the rules of the Islamic finance. CEO and founder of ADAB solutions, Timur Turzhan, said, “Thoughts that match up to…

  • Identity Startup, Distributed Systems Acquired By Coinbase
    Business - Headlines

    Identity Startup, Distributed Systems Acquired By Coinbase

    August 22, 2018 - By 

    Coinbase has acquired Distributed Systems, a start-up specializing in digital identity-based in San Francisco, this announcement was made on Wednesday by the company. Distributed Systems has already worked on Decentralized Identity Solutions, according to B Byrne, Project Manager stated in a blog post. The startup’s five-person team joins a Coinbase unit that emphasizes on increasing digital identity solutions. “The blockchain can aid people to maintain full control over their digital identity and ensure that your personal information stays safe,” Byrne said. He then wrote that this could apply to Social Security Numbers for Americans by adding user protection as an…

  • The UK Blockchain Startups Evaluating Options As No-Deal Brexit Emerges
    Technology

    The UK Blockchain Startups Evaluating Options As No-Deal Brexit Emerges

    August 21, 2018 - By 

    Whether it is a longer approval process or threatening to lose access to the European market, American start-ups on the television channel are looking for contingency plans. Going in past to 2016, the United States held a referendum on whether to stay in the European Union (EU), most voters chose to leave the bloc. Since then, the government has been negotiating with EU official on the terms of the exit but the recent hurdles motivated the specter of a “no-deal Brexit”, which could lead to economic turmoil and uncertainty. It is this uncertainty that makes some startups based on blockchain…

  • Technology

    Open Blockchain Platform Introduced By China’s JD.Com

    August 21, 2018 - By 

    JD.com, China’s largest retail and e-commerce player, has introduced an open blockchain platform that allows customers to function with their own blockchain-based solution to advance their efficiency, safety, and transparency. JD Blockchain Open Platform expands the retail business as a service and offers customers the opportunity to create smart contracts for both public and private enterprise cloud. It offers companies the ability to streamline product tracking, real estate evaluation, certificates of authenticity, and digital copyrights. The company oversees the quality control of its bids in the app store so users can customize their apps. China Pacific Insurance Company (CPIC) is…

  • Ethereum Dropped By Another 10% As The Worldwide Crypto Market Gets “Panic-Stricken”
    Business

    Ethereum Dropped By Another 10% As The Worldwide Crypto Market Gets “Panic-Stricken”

    August 20, 2018 - By 

    The steep price fall of Ethereum sustained on August 14 as the complete cryptocurrency market carries on to drop. Ethereum has fallen just over 10% at 4.22 p.m. BST to $253.35. The existing sell-off started on August 13, when Ethereum fell to an 11-month low. As reported by Bloomberg, the fall was flashed by startups that had gathered financial support in Ethereum via purported ICOs (initial coin offerings) at present cashing their assets into traditional fiat money they can use on development. The rise and fall in prices of digital currency has been quite unpredictable. For instance, a spike can…

  • Over Crypto Investor Robed By Phone Hackers, AT&T Sued For Around $224 Million
    Business

    Over Crypto Investor Robed By Phone Hackers, AT&T Sued For Around $224 Million

    August 20, 2018 - By 

    A cryptocurrency investor and entrepreneur, Micheal Terpin has sued AT&T and alleged that company failing to secure the mobile data has lead to hacking of cryptocurrencies worth $24 Million. In a lawsuit filed by Greenberg Glusker in Los Angeles on August 15, Terpin claimed that AT & T employees were complicit in a fraud for sim swap. In this type of fraud, criminals claim to be the owners of their victims’ mobile phone numbers, convincing telecommunications providers to give them access to their phones. This gives them access to the victim’s accounts in various services, including cryptocurrency portfolios as well.…

  • The Cryptocurrencies Are Trading Much Lower Than The Level At The Start Of The Year
    Business

    The Cryptocurrencies Are Trading Much Lower Than The Level At The Start Of The Year

    August 20, 2018 - By 

     In the past few months, cryptocurrencies have witnessed quite a lot of problems and the times seem to have got tougher as compared to last year or even the beginning of this year. Owing to the serious frustration in case of the investors because the cryptocurrencies have actually taken off as payment methods recently, these are trading lower and not just by a small margin but by as much as 70 percent, as compared to the highs that were witnessed in January. This indeed is a huge problem for the people dealing with the cryptocurrencies. Based on a report that…

  • Hong Kong University Gets $20 Million Research Grant For Payment Systems Using Blockchain
    Technology

    Hong Kong University Gets $20 Million Research Grant For Payment Systems Using Blockchain

    August 20, 2018 - By 

    A $20 million research grant was awarded to Hong Kong University of Science and Technology (HKUST) Business School to enhance the security abilities of electronic transaction systems, claimed China News this week The HKUST Business School has reportedly joined hands with the CUHK (Chinese University of Hong Kong), the HKU (University of Hong Kong), and the CityU (City University of Hong Kong) to work on the research study. Besides the improvement of the electronic transaction security system, the parties will also explore blockchain tech use cases, and talk about the potential of Hong Kong’s evolution into a worldwide financial tech…

  • Indian Cryptocurrency Regulation Will Come To A Conclusion By 2018
    Business

    Indian Cryptocurrency Regulation Will Come To A Conclusion By 2018

    August 19, 2018 - By 

    The regulations about the cryptocurrency ecosystem of India are pending from a long time is going to arrive by the end of 2018. The delay has happened because the panel made by the final ministry of India is still measuring the terms that how to treat cryptocurrency and blockchain individually. However, the current government and the RBI (Reserve Bank of India) have shown their interest to adopt the blockchain technology. The panel made by the finance ministry under the guidance of Subhash Chandra Garg, in December 2017. Garg is serving as a secretary in the economic affair department, key body…