Earlier in July hackers successfully gained access to an internal wallet belonging to the Bancor platform and managed to steal $23.5 million worth of Ether, Pundi X, and Bancor tokens. This incident is one of many that appear with regularity in the crypto space and contribute to public skepticism of blockchain assets. Simply put, despite…

US-based cryptocurrency exchange Coinbase has partnered with WeGift to launch a gift card service that will enable users to withdraw and spend digital currencies directly with ease.  A report on their blog confirmed the latest partnership with the London-based company and revealed further details about what users could do with the e-gift card service. Customers…

A new study published by the Boston College Carroll School of Management has revealed that there is a substantial correlation between the success of an ICO and the level of activity recorded on its Twitter account. The study, written by Dr. Leonard Kostovetsky and Hugo Benedetti, used sample data from more than 4,000 ICOs which took…

During the last couple of months, more and more companies have migrated towards exploring blockchain technology. Now, recent reports indicate that South Korea’s state-owned telephone giant KT Corporation is launching its very own blockchain-based commercial network. They have started to create a blockchain system on top of the national telecommunication network. The expected benefits include…

Bad news for digital currency prices, granted that the Securities and Exchange Commission once again rejected the proposal to list a cryptocurrency exchange-traded fund on the Gemini exchange. The proposal, which was rejected in a 3-1 vote, was made by twins Tyler & Cameron Winklevoss, founders of the Gemini exchange and famous for their legal…

Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…

The cryptocurrency market has been unstable for some months now, and much concern has been raised on the need for a policy to be made to catapult the various tokens to a different price height. A favorable regulation, in this case, can revive the hope of crypto investors, however, XRP has been sidelined from any…

In light of the recent Bitcoin price rally, the European Parliament Committee on Economic and Monetary Affairs issued a report outlining their expectations of the future for the cryptocurrency industry. The committee considers that if central banks would get involved in the market and begin issuing centralized digital currencies, traditional coins like Bitcoin could be…

Cryptocurrencies are expected to become a mainstream payment solution within the next decade, a new research has proposed. The paper argues that cryptocurrencies are already fulfilling one of the three functions of money - they are acting as a store of value - and that it is only a matter of time before they begin…

Smart contracts have often been praised for their accuracy, transparency, speed, security, trust and efficiency, yet mass-adoption is slowed down due to legal uncertainty. Now, reports indicate that the U.K. Law Commission is working on a research project that would bring legal clarity to the smart contract market. The agency published a white paper, outlining…