The cryptocurrency society has been mulling over for mass acceptance in recent time. And now with the availability of LTC (Litecoin) on text message via Lite.im, it appears to be a step nearer to its desired “cryptocurrency for all” objective. This week, the Litecoin society showcased a great sense of contentment when Charlie Lee (the founder of Litecoin) announced that LTC can now be received as well as sent on Telegram. Zulu Republic, the brainchild behind the thought, announced in an interview this week that since the starting, they have been boosted by a dream of what the world may…

Microsoft has just announced an agreement for customers developing ethereum-supported applications on Azure that deals with mining. Dubbed as “proof-of-authority,” the technique notably restores the proof-of-work mining procedure that is widespread in public blockchains. On the other hand, it is only valid in network cases that are authorized. This includes consortium or private blockchains (where only invited companies may take part as nodes), claimed Cody Born, Azure software engineer, to the media in an interview. The inclusion of proof-of-authority permits institutional customers of Azure to confirm transactions more professionally and preserves high levels of safety, claimed Born. Proof-of-authority agreement fundamentally…

ShapeShift AG recently announced that the company has acquired Bitfract. Bitfract is a software company from Texas that recently announced the development of a service. The latest service by the firm lets users instant exchange from one cryptocurrency to several. The company proclaimed that it is planning to continue its operations in the near future. These plans include the latest multiple output transactions functionality provided by the platform into ShapeShift’s core platform. Erik Voorhees, Founder & CEO, ShapeShift, proclaimed that the team Bitfract has done a proficient utilization of ShapeShift’s open API. The team has created a product that ShapeShift…

Chinese blockchain research team at Fudan University has developed a blockchain-based system that will assist in optimizing the power grid of China. The technique that Chinese blockchain research team has developed takes advantage of the ability of blockchain to allow automatic micro-payments. A patent has been filed by the researchers for their new system that they believe will resolve an ordinary issue for small-scale solar power manufacturers in China. In this country, the manufacture and utilization of solar power are mounting. Regrettably, in several cases, surplus energy is wasted. The team had this to state regarding the issue of wasted…

Coinjar, a financial services and cryptography company based in Australia and the United Kingdom, claiming more than $1.2 Billion in virtual currency transactions, announced the launch of first cryptocurrency index fund in Australia. The Coinjar Digital Currency Fund is an index fund for wholesale investors. To be eligible, investors must have net assets of at least AUD $2.5 Million or gross income of at least AUD $250,000 in the previous two years. The minimum contributions of new investors have been set at AUD $50,000, while current investors additional payments of at least AUD $10,000. The fund has two classes; Bitcoin…

According to the documents published by the US Patent and Trademark Office (USPTO) on August 2, Japanese electronics giant Sony has applied for two patents to stimulate blockchain-based ecosystems. With these patents, Sony intends to advance the design and organize the blockchain hardware by bringing in new circuits in the distributed ledger technology processes. The first application, titled “Electronic Node and Method for Distributed Ratio Management”, describes an electronic device to maintain a blockchain based on multiple electronic nodes, including several blocks associated with at least one of the existing blocks. The patent elucidates a scheme to add new blocks…

Coinbase, the leading cryptocurrency trade exchange, earlier this week, declared that it is now functional on the final parts for testing support for ETC (Ethereum Classic). Coinbase, in June, disclosed that it had intentions to include Ethereum Classic to its registered assets with reports to follow and at present, in its most recent update, it has notified the community of a provisional date for the accomplishment of final testing prior to legitimately registering the new asset. In the declaration, Coinbase mentioned, “We anticipate final testing to be finished by August 7, upon which we will declare that we are set…

tZero, the token platform subsidiary of Overstock.com, is formally concluding its STO (security token offering). In addition to this, the platform claimed that there will not be additional expansion, as per its interview with the media. The interview claimed that investors with completely executed SAFEs (Simple Agreements of Future Equity) have a deadline till this week to send funds to tZero. The firm aims to report the outcomes of the STO this week during the earnings call. It was not instantaneously clear how much tZero lifted at the time of funding. A tZero spokesperson refused to offer extra information. He…

A Chinese bitcoin investor sued OKCoin, a local cryptocurrency exchange for not letting him get Bitcoin Cash post-Bitcoin Fork, according to the local news agency, Weekly Cool. This should be the first legal action in China in which bitcoin’s last year’s fork was involved. Investors, under the pseudonym Feng Bin sued OKCoin, accusing the exchange for barring him from receiving 38,748 BCH, which was due he had to get along the hard fork in August 2017. Feng Bin process said that he tried to sell Bitcoin Cash when the digital currency reached a record level to $4,000 in December 2017.…

With $1.7 Billion in the bank following its ICO (initial coin offering), Telegram has rolled out its first crypto-friendly functionality. But security scientists are doubtful. As stated in a blog post, a US-located startup, Virgil Security, has verified various weaknesses in Passport, the new identity verification app. While the firm praised Telegram for posting the API of the application as open source, Virgil Security detailed 2 issues with the app: how it protects amassed data and how it encrypts data. The API allows the code to be verified by other experts. “Their promise to openness offers security practitioners the chance…