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…
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…
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…
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…
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…
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…
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…
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)…
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…
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…