From the moment Bitcoin was released, advocates were quick to point to its ability to enable rapid, inexpensive transfers of fiat between people, institutions, and across borders. Although there is certainly a debate over the extent to which crypto will one day replace centralized fiat, there is no doubt that it is rapidly becoming a…
Blockchain Technology
Cryptocurrencies rose to prominence in 2017, fuelled by their decentralized setup, giving back power to the people. Developed nearly a decade ago, Bitcoin was a cryptographer’s response to the 2008 financial crisis and Satoshi Nakamoto’s aim was to take away absolute power from a few individuals and entities to distribute it to everyone. Nakamoto embedded…
Risk management system saves the day! World-renown cryptocurrency exchange “Binance” successfully defended itself and recovers from a hacking attempt. In a matter of minutes, the system detected a discrepancy and closed the withdrawing capabilities. What we know is that the potential of a cyber-attack on the China-based exchange platform started increasing in January as the…
What is Cardano?
Cardano is a decentralized open source public blockchain project. The cryptocurrency of the network is called ADA. What makes this blockchain unique is the scientific philosophy approach to developing Cardano and the research-first methodology to developing all the features of the network. Before starting to talk about what makes Cardano…
There was a time when in order to meet someone new, one had to go to the local bar and hit on someone or ask a friend to hook him up. Most of us can hardly remember those days because thanks to the internet, meeting someone is only a click away. Whether you are just…
When blockchain technology first made news a few years ago, big players in the financial industry were all up in arms against it. Financial institutions such as banks, remittance firms and insurance companies were apprehensive of the technology and they discredited it in any way they could. This all has changed, however, and financial institutions…
The blockchain technology has transformed many industries by bringing efficiency, speed and transparency. From the banking industry to insurance and healthcare, the world is benefitting from the new technology in a great way. The latest industry that’s set to be enriched by the blockchain technology is the search engine and ads industry. Bitclave is a…
The critical highs and lows which had plunged the cryptocurrency market into chaos seems to be taking its toll on cryptocurrency investors and miners as the U.S. Court systems and about 4000 websites unwittingly became cryptocurrency miners over the weekend. This attack was said to be a scheme to generate profits for the perpetrators by forcing…
Binance, one of the hottest and newest exchanges from China having started with their operations in July 2017, dedicated to only trading coin to coin, has currently shut down trading, depositing, and withdrawing activities due to a server issue. What started off as a small server maintenance issue quickly escalated, as we can testify through…
January 26th marked the date when CoinCheck, a top performing Japanese cryptocurrency exchange publicly shared that they've been hacked. Soon after information was shared that Ripple and XEM were stolen, but the former was dismissed as additional info transpired that Ripple tokens were taken out of the exchange as a precaution. This is a follow up…