Category : Blockchain Technology

TransferWise Chairman: Distributed Ledger Technology Is Very Hard To Use

Blockchain technology, which undergirds bitcoin and other digital assets is slowly but steadily making its way into mainstream finance, but some financial institutions remain unconvinced about its potentials. TransferWise, a London-based payments pla...

Crypto Exchange Kraken Opens Trading But Warns Clients Over Bitcoin Cash SV ‘Red Flags’

U.S.-based cryptocurrency exchange Kraken has opened trading in the controversial Bitcoin Cash SV, but has warned clients about the high risk associated with trading the new bitcoin cash token, the company announced in a November 18, 2018, blog post....

Study Reveals Number of Blockchain Developers in India Second only to the USA

A market analysis revealing the number blockchain developers worldwide has placed India in second place to the United States, beating the UK, Canada, and France. According to the results published and procured by UK-based blockchain consulting firm D...

Israeli Investment Firm Silver Castle Unveils New Crypto Funds for Institutions

Silver Castle Ltd., Israel’s first dedicated cryptocurrency investment firm for institutional and accredited investors, launched two funds this month and expects to have $50 million under management by the end of the year, Bloomberg reported on Novem...

Columbia University and IBM Announce Two Accelerator Programs To Assist Blockchain Innovation

Columbia University and IBM recently launched two accelerator programs designed to help build and grow blockchain startups. According to IBM’s press release published on November 19, 2018, the accelerator programs will provide blockchain founders the...

OKEx Settles Bitcoin Cash Contracts Early, Infuriating Crypto Traders

OKEx, the second largest cryptocurrency exchange by daily trading volume, recently infuriated traders, as many suffered significant losses after the early close of Bitcoin Cash contracts. According to Bloomberg’s article published on November 19, 201...

U.S. Authorities Sentence Bitcoin Criminal to 15 Months Imprisonment

Joseph Kim, a 24-year old Phoenix, Arizona resident has been sentenced to one and half year in jail for defrauding his former employers, Consolidated Trading and friends over $1 million in bitcoin (BTC) and litecoin (LTC), using the funds for his per...

Microsoft Unveils Its Azure Blockchain Development Kit

Microsoft has announced the first iteration of the Azure Blockchain Development Kit. The set of tools is designed specifically for developers looking to use the resources developed by the technology giant to create their own business-focused blockcha...

Alaskan City of Valdez Pays off Bitcoin Ransom After Four Months

Officials from the City of Valdez are in the final phases of recovering information from its servers after four months of it being held by cyber-criminals demanding a bitcoin ransom, KTUU reported on November 18, 2018. Cyberattack That Held City̵...

Autodesk CEO Believes Blockchain Can Reduce Corruption in the Construction Industry

Andrew Anagnost, Autodesk’s CEO is a big believer in blockchain technology as he believes it can help boost transparency and trust between all members in the construction industry. According to the Financial Review’s article published on November 19,...

Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency se...

Cryptocurrency Exchange Huobi Creates a Communist Political Commitee

Huobi, the third largest cryptocurrency exchange platform by trading volume has set up a communist party committee; a moved dubbed as a “milestone” by the company founder, reports South China Morning Post, November 19, 2018. Political Arm Set Up by H...

Swiss Stock Exchange Leads the Way with World’s First Multiple-Crypto Exchange-Traded Product

In a groundbreaking move, SIX, Switzerland’s leading stock exchange with a $1.6 trillion market capitalization, has given the thumbs-up to the world’s first multiple-cryptocurrency-based Exchange-Traded Product (ETP). As reported by the Financial Tim...

What is the Ethereum Beacon Chain?

Ever since Vitalik Buterin and other co-founders launched Ethereum in 2014, the problem of scalability has always been part of the conversation, with Ethereum developers all in agreement that a period of theoretical problem-solving leads to the chall...

Convergence of Blockchain-Startups and Investors About to Happen in New Delhi at WIRESUMMIT 2018

BTCWIRES is organizing WIRESUMMIT 2018, a blockchain event for the Blockchain community in New Delhi on December 2, 2018. The exclusive gathering of investors and Blockchain startups is being held with an expectation to attract blockchain enthusiasts...