Blockchain News

Trust Disrupted: Bitcoin and the Blockchain episode 6 analyzes the future
The final episode of this six-part series explores the future implications of Bitcoin and blockchain technology. The episode describes the divide between Wall Street's preferred closed use of the blockchain and Silicon Valley's vision of an open system ...
Ethereum Classic Divided Over the Proposed Hardfork
Ethereum is to hardfork within 85 hours with little if any apparent controversy as the community moves quickly to address dos vulnerabilities. Ethereum Classic however seems divided regarding a proposed hardfork to solve an underlying fault that has ...
In the Face Of a Failing Economy, Nigerians Run to Bitcoin For Safety
The wave of Bitcoin awareness is sweeping across the largest black nation on earth. Known for their enterprising ability, Nigerians have proven to be a prominent force on whatever idea or venture that finds it's way into the acceptable space of the ...
India's ICICI Bank Pilots Transactions on the Blockchain
India's largest private sector bank by consolidated assets, ICICI Bank (IBN) is the first Indian bank to execute a banking transaction using blockchain technology. The bank successfully executed international finance transactions in partnership with ...
Business centre 'held to ransom' for bitcoins by cyber criminals
The CEO of a Belfast business centre has issued a stark warning to other businesses after being "held to ransom" by cyber criminals. Computers were rendered unusable and business ground to a halt during the hack at the Townsend Business Centre earlier ...
Bitcoin price hits highest level since August
The price of a single coin US:BTCUSD has climbed above $630 for the first time since August, when reports that hackers had stolen 120,000 bitcoins, then worth more than $65 million, from one of the world's largest bitcoin exchanges. The theft sent the ...
Blockchain for the People: How to Break Down Entry Barriers to Digital Money
Speaking to Cointelegraph, Ronny Boesing, CEO of Coinsbank, described the event as a platform which was designed to connect people with the aim of changing the world with the Blockchain. The theme for this year's Blockchain Party was “by connecting ...
The Russian Government is Testing Blockchain for Document Storage
An anti-trust agency within the Russian government is testing a blockchain-based document management system. Dubbed “Digital Ecosystem”, the project is aimed at developing tools that can “increase the speed, reliability and quality of interaction ...
Bitcoin Network's Hashrate Gets a Boost with Updated BitFury 16nm Chip
In the same way that modern cell phones have more computing power than it took to control NASA's 1969 Apollo 11 moon landing, the next generation of ASIC Bitcoin miners will require far less space to produce security and profitability equivalent to the ...
Blockchain hit with DNS attack
Blockchain.info, a popular Bitcoin wallet provider, was knocked offline for seven hours earlier this week after a domain name system (DNS) attack. The intrusion rerouted visitors to external servers which led to the passwords of Bitcoin users being ...
How Red Bull Bitcoin Machine Was Built Using LEGO for Bitcoin Applications
Last week, Cointelegraph reported Red Bull's introduction of a Bitcoin-only Red Bull vending machine at Hackers Congress in Prague. Martijn Wismeijer, representative of General Bytes, the manufacturer of the machine, tells us about manufacturing ...
Russian Payments Firm QIWI Joins R3 Blockchain Consortium
Announced earlier this week, the move is the latest for the firm that made waves earlier this year when it announced its plans to pursue the creation of a digital currency. QIWI has since outlined how it plans to potentially replace aspects of its core ...
How blockchain can benefit IT outsourcing providers | CIO
IBM and Bank of Tokyo say they've developed a smart contract prototype to manage their IT services engagement on a blockchain. Here's why IT outsourcing ...
Norway To Withdraw $15 Bln From Its Wealth Fund, Can Put Bitcoin in Portfolio in Future
Norway itself is welcoming Blockchain technology as well as Bitcoin, deeming it a taxable asset but not a currency. Its largest bank, DNB has proposed to stop the use of cash in Norway and Scandinavian bank, Nordea is running its Nordic Blockchain ...
Bitcoin's Resplendent Week
Bitcoin has had a great week, mostly. It's rallying in China as the yuan devalues, central banks worldwide are experimenting with blockchain and a New Hampshire town is spreading the bitcoin vibe across the local radio airways. There is some less ...
Argentina-Based Notarization Platform Launches Public Beta, Brings Bitcoin to Legal Industry
On Tuesday, the Buenos Aires-based company released the first public beta of a service that seeks to bring Bitcoin's disruptive nature to the legal industry and beyond. The announcement comes after a private beta testing that included dozens of lawyers ...
New Report Calls for Regulators & Lawmakers to Improve Frameworks for Blockchain
The need to get regulators and lawmakers to be more actively involved in improving current frameworks and shape the future architecture of blockchain – or Distributed Ledger Technology – is the underlying message of a new report by Innovate Finance, EY ...
ACI is Steadily Paving the Way for Central Bank Blockchains
What will it look like when central banks are on the blockchain? ACI is hard at work modeling an answer to this question. The international payments firm already enables more than 5,000 credit unions, processors and banks to transact $14tn daily ...
Blockchain, near real-time projects and collaboration: viable approaches
In one of my earlier blogs I wrote that we are beyond the hype of blockchain and distributed ledger technology. Support in the financial industry and beyond for this technology is accelerating in a rapid way. A lot of time and money is now invested ...
Bitcoin Price Watch; Heading Into The Weekend On A High!
Another week pretty much done in the bitcoin price, and a couple of daily looks at action to go. All in all, it's been a great week. We've had plenty of opportunities to get in and out of the markets according to our intraday strategy, and we are up ...
Ethereum Classic Price Technical Analysis – New Low In ETC
Ethereum classic price declined further versus the Bitcoin and formed a new low below 0.00150BTC. There is a new tiny bearish trend line formed on the hourly chart of ETC/BTC (data feed via Simplefx), which is currently acting as a resistance. The ...
ethereum announces plans for another hardfork
On 22 September 2016, Ethereum announced that it was under a computational distributed denial of service attack (DDoS), which caused slowing down of the network. In the recent announcement, Ethereum said that “the attacker[s] have been very crafty in ...
Blockchain-based Internet of Things project does drone deliveries using Ethereum
Blockchain-based IoT project does drone deliveries using Ethereum. San Francisco-based Chronicled used Ethereum to authenticate drone package delivery system. Ian Allison. By Ian Allison. October 14, 2016 07:36 BST. Updated 8 min ago. Drone Drones ...
CGBets Bitcoin Gaming Site Allows Players to Bet on Skills, Not Luck
HEREDIA, Costa Rica, Oct. 14, 2016 /PRNewswire/ -- CGBets announces the launch of its one-of-a-kind Bitcoin-based gaming platform. The platform with few attractive games is different from any average Bitcoin gaming platform is multiple ways. Instead of ...
Ethereum Price Technical Analysis – Trend Line Resistance Holding
Ethereum price remained above a major support area against the US Dollar, and was seen trading in a range for most of the time. The ETH bulls attempted to take the price higher on a couple of occasions, but failed to take it above the $11.92 level. The ...
Banks will not adopt blockchain fast
Since the blockchain — the technology underpinning the digital currency bitcoin — first emerged, people have recognised its potential to transform financial services. The banks have been paying attention. Around the world, they have been setting up ...
Bitcoin: Spotting a potential trend
Tarik Kaddoumi, the co-founder of Umbrellab, the Dubai-based Bitcoin and cryptocurrency payment services start-up, first heard of Bitcoin in 2012 and immediately spotted its potential. He saw it had the ability to replace traditional money transfers ...
Bitcoin: to invest or not?
Obi Nwosu, managing director of London-based Bitcoin dealing exchange Coinfloor, says investors believe Bitcoin is the most perfect form of money ever invented, because it is portable, divisible, durable and scarce. "Therefore, in time more people will ...
Bitcoin Price Technical Analysis for 10/14/2016 – Strong Area of Interest
Bitcoin price is consolidating on its short-term time frames and for good reason. Price is actually testing a major area of interest at $645-650, as this held as support in the past and could keep holding as a ceiling. Technical indicators on the ...
Blockchain Technology Market Growing at 61.5% CAGR to 2021
The global blockchain technology market is projected to grow from USD 210.2 million in 2016 to USD 2,312.5 million by 2021, led by infrastructure and protocols provider segment while media and entertainment vertical to have the highest growth rate ...
Hyperinflation Leads to Greater Bitcoin Use in Venezuela
Recently, we reported on bitcoin activity in Russia. Now common knowledge, bitcoin usage has long been demoralized in the land of hammers and sickles. Those who indulge in the benefits of digital currency are faced with the prospects of prison time and ...
Blockchain Could Reshape Finance Admin, UK Risk Assessors Say
Various offices within the UK government have begun a variety of initiatives focused on blockchain, including efforts to fund projects as part of its broader commitment to technological innovation. Earlier this summer, the UK agency in charge of its ...
Trust Disrupted: Bitcoin and the Blockchain episode 5 explores the ...
Trust Disrupted: Bitcoin and the Blockchain episode 5 explores the ...
The Next Step to Improve Bitcoin's Flexibility, Scalability and Privacy Is Called MAST
The soon-to-be proposed Segregated Witness soft fork is set to extend Bitcoin's potential in several ways. One potentially promising innovation enabled by “SegWit” is MAST, an abbreviation for Merkelized Abstract Syntax Trees. While mainly designed to ...
Is the Time Finally Ripe for Bitcoin Remittances in Africa?
When the words Bitcoin and Africa appear in a sentence, the word remittance usually follows. When Bitcoin first hit the mainstream in 2013, its low-cost money transfer feature was hailed as the solution to the overly expensive remittance costs charged ...
Merits of an Ethereum-Based Stack Overflow-Like Platform
Earlier this week, a new Ethereum-based Stack Overflow-like platform called WEIWARDit to enable users to submit and answer questions for incentives. In essence, the WEIWARDit team believes its platform is the combination of Ethereum, Quora, Reddit, and ...
Ethereum to Hardfork
Ethereum's community has reached a general understanding that the best way to move forward and address the month long dos of the network is a quick hardfork. A matter of urgency has been added following a recent backlog of more than 12,000 ...
Bitcoin Training for Foreign Embassy Officers, Says John Kerry
While fleeting in his comments, the U.S. Secretary of State John Kerry has hinted that the government plans to train officers in embassies around the world about bitcoin. Bitcoin may soon be a part of the curriculum imparted on foreign service officers ...
'Bitcoin Billionaire' Dungeons & Bitcoins Update Introduces New Pets and New Time Travel System
The best game about tapping to mine bitcoins while also traveling through time, Bitcoin Billionaire [Free], has just gotten a big update with a new era to mine bitcoins in. The Dungeons and Bitcoins update will put you through a vaguely-familiar ...
Zebpay Aims to Secure $5 mln, Increase Bitcoin Mainstream Adoption in India
At the time, Zebpay's goal was to establish 25,000 active users, which was substantially high considering the premature Bitcoin infrastructure and industry in India. Within 10 months, the Zebpay team reached a 100,000 active user milestone, with a ...