Coinmint has reached an agreement with the local authorities of Upstate New York’s Massena country. The New York Power Authority (NYPA) decided to support an initiative by NCDC, the Coinmint subsidiary North County Data Center, to open a bitcoin mining facility in the premises of the old aluminum smelting plant known as the Alcoa East Facility.…
Mastercard has submitted a patent application to the US Patent & Trademark Office (USPTO) for a system that is authenticating cards at the point of sale (POS) using blockchain technology. The company has always been outspoken about numerous flaws of traditional payment services and security platforms stating those are prone to breaches, error, and manipulation.…
Residents of the city of Zug in Switzerland will be participating in a blockchain trial voting process [1] set to take place from June 25th to July 1st, 2018. The city, often referred to as "Crypto-Valley", has been a major hub of blockchain technology and will be testing this kind of voting process for the…
On the 8th of May, a planned improvement to the Ethereum network is being released by the developers. This upgrade is a new and improved version of Casper , the Hybrid Friendly Finality Gadget. This update intends to move the network away from mining-related issues as was becoming increasingly frequent with the old implementation.…
Recently, a massive wave of articles has been discussing the question whether Bitcoin was using too much electricity to be sustainable. Since Bitcoin's Proof-of-Work does use a great amount of power, questions arise if it is still the best and safest solution to secure a blockchain network? This article searches for the answer from…
Fujitsu Direct Store has introduced the “Fujitsu Intelligent Society Solution Blockchain Asset Service” on June 6th, 2018. The newly introduced system tokenizes coupons and loyalty points and makes them storable and usable by transferring the information onto a blockchain. This implementation should provide faster data transfer and storage on customer’s transactions in a decentralized register.
The company…
In a story published on June 6th, Finews.com reported that Hypothekarbank Lenzburg is the first bank to formally open up towards cryptocurrency projects in Switzerland. They will offer business accounts for local blockchain and cryptocurrency companies. Being a smaller bank does not stop this technology-based banker to take charge and lead the market. In the words of Marianne…
Research shows that 65% of major exchanges and wallets have ignored KYC processes. Conducted by P.A.ID strategies , an analyst and consultant company that aids in the business development and project delivery. Commissioned by Mitek, a provider of digital identity solutions. Together they have revealed that leading crypto exchanges and wallet providers across…
Cyber attacks and website downtimes are very regular events for cryptocurrency related service. One of the largest cryptocurrency exchanges, Bitfinex, suffered a cyber attack on Tuesday morning, 5th June. Bitfinex used Twitter to provide updates for their users. The first tweet read as following:
Trading and funding is currently paused whilst we undergo unplanned maintenance. All…
The world of cryptocurrencies is diverse, to say the least. There are blockchains cropping up for all sorts of use-cases, ranging from payment platforms and digital identity systems, to ambitious offerings such as decentralized operating systems, file storage, and voting systems.
Out of all blockchain aspects, platform-based cryptocurrencies tend to be met with the most…
