IBM has officially entered the financial services industry with the launch of Blockchain World Wire (BWW). Using the Stellar blockchain, Big Blue’s platform will enable banks to move large sums of money across borders more quickly, more securely, and for a small fraction of the cost of existing legacy systems. Moving assets across borders is…
A report from Bitwise to the U.S. Securities & Exchange Commission (SEC) asserts that ninety-five percent of the Bitcoin trading volume on Coinmarketcap.com is fake. As such, there appears to be significant flaws in the reporting of data by exchanges, and likely deliberate fraud by those seeking to influence the market or their own public…
Short answer? No, it’s not a myth! It’s already happening.
Before analyzing this perspective, it is important for you to realize that there are multiple types of blockchains in the market and some of them require you to have a cryptocurrency for catering to the expenditures of the platform you build.
But since the usage…
Signs continue to emerge that the bear market may finally be at an end, as values across the crypto space are inching upwards and a number of platforms are well on their way to real-world adoption. One positive sign is that Bitcoin has moved past USD $4,000 several times over the past few days. This…
One of the greatest challenges of moving blockchain assets into mainstream use has been creating simple, efficient means to make purchases and trades. Centralized exchanges, despite their utility, suffer from a number of shortcomings, and have yet to prove themselves to be user friendly or secure. Basic swap services are now growing as popular alternatives…
The investigation into the failure of QuadrigaCX continues to reveal evidence of deception and mismanagement by the exchange’s operators. Ernst & Young, the court ordered auditor of Quadriga’s crypto holdings, has announced that cold wallets, in which most of the exchange’s deposits were presumed to be held, are empty. Also, the accounting firm has reported…
The issue of scalability is among the most significant, and controversial, issues across the crypto space. Bitcoin’s solution, the Lightning Network (LN), has now been available for over one year, and its use is growing rapidly. Nevertheless, it remains controversial, and competition is growing from rival platforms that offer alternate scaling solutions. The Lightning…
The United Nations Security Council has concluded that the North Korean government has been using cryptocurrency to evade international sanctions, and is behind a series of cyberattacks on Asian exchanges. According to the Nikkei Asian Review, which claims to have access to a soon-to-be-released report, North Korea may have as much as USD $670 million…
Welcome to the tenth edition of our weekly curated news article where we provide you with the widest possible overview of the most important events that have transpired in cryptocurrency and blockchain developments. We've made sure to analyze all of the news reports available on the internet and reviewed them for relevancy. This article is…
In a recent article, we talked about how Facebook’s CEO, Mark Zuckerberg, is planning to implement a blockchain-based login service for the social media platform. It now seems like Facebook is getting involved in the crypto market, since reports indicate that the social media giant is working on a digital currency to be used for…