Since blockchain technology has appeared, there is a persistent problem in the development related to the scalability of millions of users. Bitcoin was never been really designed for such issue and now other platforms such as Ethereum are struggling. DFINITY, based in Switzerland and Palo Alto has been following an…
MyCrypto, an open source interface that simplifies the process of storing, transferring, and receiving digital assets, today announced that it had bagged $4 Million from Polychain Capital. MyCrypto offers a set of tools that help users create new wallets and sell, buy or trade virtual currencies. Other investors who participated…
Iran’s initiative to launch a national digital currency has reached to the final stage of development. The project related draft was requested by President Hassan Rohani, the local Financial Tribune news center reported on Saturday, according to a government statement. Deputy Director responsible for regulation drafting for High Council dedicated…
The UK government is investigating ways to use Distributed Ledger Technology (DLT) to protect digital evidence and identity information, according to a blog post published on August 23. HMCTS (Her Majesty’s Courts and Tribunals Service) and Cabinet Office’s Open Innovation team agreed on a meeting on the use of DLT…
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…
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…
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…
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…
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…
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…