New York State has approved two digital currencies that are joined to the U.S. dollar and are classified as stablecoins. These cryptocurrencies avoid the price instability by being fixed to stable assets. The digital cryptocurrencies—Gemini Trust Company and Paxos Trust Company—are available to deal on their respective exchanges. It is…
XMRWallet.com, an open source, and customer side wallet provider, Monero, has launched a new web-based wallet for the Tor browser, the company said in a Reddit message. According to the post, there has been a strong demand for such a wallet led by XMR users. Now they can send and…
Brian Armstrong, CEO of Coinbase envisages that the number of people in the crypto derived ecosystem will mature from the present 4 Million to 1 Billion over the next five years, TechCrunch reported on September 7. In an interview with TechCrunch, Armstrong predicts that the crypto ecosystem and the total…
State Farm Insurance Company was found guilty in funneling the money for the Illinois Supreme Court Justice Election campaign, and need to pay a fine of $250M to settle the charges filed by the federal government. The compromise was declared in the US District Court on Tuesday. As per the…
Fishcoin, a startup based on blockchain is planning to apply the technology called the decentralized ledger technology to the supply chains related to seafood, which links the fish farmers and fishermen at the point of harvest to the people involved with the seafood supply chains that are available globally that…
The use of the blockchain technology is increasing with the rise in the popularity of the same along with other cryptocurrencies. In many areas, this technology is replacing the traditional mode and a recent addition to this list is the State Pension Fund in Russia. This is the biggest public…
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…
According to a press release on September 1, a major insurance company, PICC People’s Insurance Company of China, will deploy blockchain technology to its operations. PICC has partnered with a blockchain-based, VeChain platform and a global quality assurance and risk management firm, DNV GL, to make their activity more profitable…
Terra wants to create Project Terra, which is said to be the next generation of the digital money which is getting widely popular, and has actually raised as many as $32 million so as to fuel this vision of the company to make the project that is basically based on…