Despite its promising start, given the large number of companies that expressed interest in joining the project, Facebook’s Libra project is currently dealing with several challenges. This Monday, Facebook officially launched the cryptocurrency alliance, yet only 21 out of the 28 original backers participated. Backers no longer have Libra’s back According to recent reports, several backers have…

Blockchain platforms designed for advanced processes, such as smart contracts and decentralized applications (dApps), are seeing a significant uptick in adoption, as a wide range of organizations recognize what the technology has to offer. Although Ethereum is considered the leader in this space, Hyperledger is now becoming a significant rival. This fact may be surprising…

Over the last couple of years, numerous countries worldwide have issued statements concerning their plans for developing central bank-backed digital currencies (CBDCs). CBDCs are basically the direct response of governments to cryptocurrencies as we know them. After all, if the digital currency market is here to stay, countries want to preserve their national fiat currencies…

Evidence of blockchain technology’s move into the mainstream is emerging everywhere. A wide range of businesses are rapidly embracing it, and crypto use is growing, notably in the developing world. A clear sign of progress is the increasing number of partnerships that have been forged between development teams and a broad away of institutions. Many…

During the last couple of years, Ethereum use cases have increased exponentially in countries throughout the world. Recent reports indicate that a few days ago, IKEA Iceland was happy to use the Ethereum blockchain, in order to settle an invoice it had with a local retailer. To put things into perspective, the transfer was facilitated…

Bitcoin’s decline in value late last month caught many by surprise, as the launch of Bakkt and other positive movements in the crypto space were expected to trigger substantial upward price movement. The fact that Bitcoin’s value is volatile and does not follow traditional wisdom is well known, and there has long been rumors of…

tZERO partners with entertainment financing company BLOQ FLIX to tokenize films, or at least that's what they say in their press release published on the 12th of September. The reality is actually quite different and this is a pure misrepresentation of the truth. tZero is going to provide Bloq Flix with the technology to tokenize entertainment…

Wells Fargo has become the latest financial institution to announce the creation of a stablecoin, which it intends to use for cross border transfers and international payments. As digital tokens backed by hard assets, usually fiat currencies, stablecoins are quickly carving out their own place within the crypto space. Their emergence has sparked significant debate…

Global leaders are beginning to accept the fact that cryptocurrency represents a significant threat to the economic status quo. Responses have been mixed, with many nations sending confusing signals over crypto legality and regulation. Iran is one of these states, as it has recently taken moves both hostile and supportive of blockchain asset development.  It…

The big players in the aviation industry are quite eager to use blockchain for day-to-day use cases to make their operations more efficient. In a recent move, Etihad Airways has teamed up with Winding Tree, a blockchain platform targeting the travel industry. The primary goal of this partnership is to explore and implement use cases…