Blog Archive

30 March 2020 By Lilly Harvey

Monero (XMR) Quietly Gains 99.5% as Bitcoin Price Consolidates

Since dropping to $24.05 during the strong marketwide correction that occurred on March 12, Monero (XMR) has rallied 99.5% and currently trades at $49. The recent recovery occurred on consistently strong purchasing volume and the altcoin has spent the last 10 days trading in an ascending channel. ... Read more

29 March 2020 By Dominic Robinson

Diving Into Three of Africa’s Emerging Fintech Economies

For many, Africa represents the final frontier of untapped economic growth. Across its diverse countries, growth rates continue to outpace those achieved in long-developed economies. Collectively, growth on the continent stabilized at 3.4% in 2019, and is forecast to reach 3.9% in 2020 and 4.1% in 2021. While these numbers remain below historical highs, fundamentals continue to improve as economies shift from local consumption to external investments. ... Read more

28 March 2020 By Lilly Harvey

ETH 2.0 Audit Highlights Risks to Block Proposers and P2P Protocol

Technology security firm Least Authority has published an audit of the specifications for ETH 2.0 — the long-awaited overhaul of the Ethereum (ETH) protocol. Least Authority audited ETH 2.0’s during January at the request of the Ethereum Foundation. The firm worked alongside the Foundation throughout the process and compiled the final version of the report on March 6. ... Read more

27 March 2020 By Evan Fitzgerald

California Governor Namedrops Bitcoin in Speech About ‘Extraordinarily Bad People’

California Governor Gavin Newsom warned the public against Bitcoin (BTC) fraudsters during his live speech about the coronavirus outbreak. On March 26, Newsom mentioned the leading cryptocurrency as part of his official speech about what measures had been taken by the state to prevent the further spread of the virus in California. ... Read more

26 March 2020 By Dominic Robinson

Blockchain Digital ID — Putting People in Control of Their Data

Although some people in life do an extremely convincing job of indicating otherwise, all humans have an identity. This identity comes in many forms, and as modern life has progressed, the ways in which people can identify have multiplied. Technology has now made it easier for people to explore and share their identities. ... Read more

25 March 2020 By Evan Fitzgerald

Crypto Exchange Kraken Launches Forex Trading for Nine Currency Pairs

United States-based cryptocurrency exchange Kraken is embracing traditional forex trading, going live with nine new fiat currency pairs as of today, March 12. From 14.30 UTC, users worldwide — notably excluding United States residents — will be able to use the Kraken platform to directly trade between euros, U.S. dollars, Canadian dollars, Japanese yen, pound sterling and Swiss francs. ... Read more

24 March 2020 By Evan Fitzgerald

Cryptocurrency Exchange Bitfinex Lists $280M Crypto Hedge Fund

Bitfinex, the major cryptocurrency exchange and partner firm of stablecoin Tether (USDT) is listing a multi-million-dollar cryptocurrency hedge fund. The exchange announced on March 16 that it has listed Bahamas-based crypto hedge fund Fulgur Alpha, which is currently worth $280 million dollars. ... Read more

23 March 2020 By Lilly Harvey

Zcash Reward-Distribution Vote Questioned as Only a Small Sample Took Part

At the end of January, a poll apparently confirmed community support for a new mining reward-distribution structure for the Zcash (ZEC) network, whereby more will flow into the developer fund. Still, the decision proved to be rather controversial. ... Read more

22 March 2020 By Evan Fitzgerald

Baidu Employee Jailed for Mining Monero Worth $14K on Company Servers

An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually sold the Monero for around 100,000 yuan ($14,300). ... Read more

21 March 2020 By Dominic Robinson

Exclusive: Blockchain-Based Social Network Overhauls Platform, Partners With Matic

Ethereum-based social network Sapien has unveiled updates to its platform, as well as a partnership with the initial exchange offering project, Matic Network. “After several months of development, we’re launching the next release of our platform, called Alpha Persei,” Sapien Network co-founder and CEOAnkit Bhatia told Cointelegraph in an interview. ... Read more

19 March 2020 By Lilly Harvey

Forbes Report: World’s Top 10 Billionaires Lost $38B on Black Monday

Amid intensifying fears over the coronavirus, the United States stock market saw another historic day causing whopping losses for the world’s richest people. On March 9, the U.S. stocks experienced another dismal day, with major stock indices like the S&P 500 and Dow Jones plunging more than 7%. This coincided with a major bloodbath in crypto markets, with Bitcoin (BTC) dropping nearly 10% over a day. According to some reports, Monday, March 9 became the worst day for U.S. stocks since 2008. ... Read more

18 March 2020 By Evan Fitzgerald

Bakkt Closes New $300M Funding Round to Unlock $1 Trillion in Digital Assets

While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news. Referred to as one of the most promising crypto-related initiatives for its physically settled Bitcoin (BTC) futures, Bakkt has now raised an additional $300 million to continue developing digital asset-focused services, the firm’s new CEO Mike Blandina announced on March 16. ... Read more

16 March 2020 By Dominic Robinson

Finboot's CEO: Blockchain Adoption Will Improve Industrial Processes

Corporates that advocate for Environmental, Social and Governance (ESG) responsibility initiatives should adopt blockchain technology, the CEO of Spanish blockchain software firm Finboot said on March 5th in a blog post. ... Read more

15 March 2020 By Evan Fitzgerald

How Blockchain Technology and Metadata Shredding Can Usher in a New Era

It has been nearly seven years since Edward Snowden blew the whistle on highly classified global surveillance programs, inciting a national conversation about privacy in the digital age. One of these revelations was that the NSA had access to the email content of Google users and the ability to map anyone’s cell phone location. ... Read more

14 March 2020 By Evan Fitzgerald

Uphold's New Debit Card Lets You Pay With Bitcoin, XRP and Gold

Digital payment platform Uphold has released a new debit card, allowing users to pay with converted crypto, commodities and cash. Uphold’s new multi-asset debit card allows United States-based participants to spend assets held in their Uphold accounts at any Mastercard compatible location, a representative from Uphold told Cointelegraph in an interview. “Anywhere globally where Mastercard is accepted, they will be able to use this debit card,” she said. ... Read more

13 March 2020 By Dominic Robinson

FarmVille Creator to Launch Blockchain Game Network

The creator of the popular Facebook game FarmVille, Eric Schiermeye, has transitioned to the blockchain gaming industry. Blockchain Game Partners, for which Schiermeyer is the founder and CEO, has announced that it is developing a blockchain-based gaming platform dubbed the Gala Network. ... Read more