Posts in category

Original


Blockchain startup Nervos Network has announced it raised $28 million in a Series A funding round. The company said on Wednesday major investors in the new round include token hedge fund Polychain and venture capital firm Sequoia China as well as several China-based blockchain startups such as wallet services Bixin and imToken. Nervos said the …

0 34

“I never thought we’d get it.” That’s Vinny Lingham, co-founder and CEO of the blockchain identity startup Civic, talking about the company’s acquisition of “Identity.com” – a fitting web domain for a company built around the idea of putting personally identifiable data in the control of its owners. To that point, Lingham said he had …

0 36

It’s a crypto doubleheader on Capitol Hill tomorrow. Two U.S. House of Representatives Committees will be hosting hearings on Wednesday to look at the topic from two distinct angles. The House Committee on Agriculture will focus on the emergence of “digital assets” while the Financial Policy Subcommittee hearing will examine “the extent to which the United States government …

0 36

Payments giant Mastercard may be looking to speed up cryptocurrency transactions by designing a payments system that will link accounts holding both fiat currency and cryptocurrencies, according to a newly-published patent. The document, published today by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have “seen increased usage over traditional fiat currencies …

0 38

Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday. Last week, CoinDesk reported that the House Committee on Financial Services is set to hold its latest gathering on the subject, this one honing in on the question of crypto as a new form of money. A memo published …

0 37

FCoin, a new cryptocurrency exchange that saw spiking trading volume recently due to its controversial revenue model, has revealed a plan to buy back millions of its own tokens to provide capital for a new fund of funds. The exchange announced last Friday that the new fund will be backing a group of selected token …

0 38

American Express is on the hunt for better ways of proving when transactions occur and a new patent filing suggests the financial services giant may be looking at blockchain as part of a possible solution. In a patent application released by the U.S. Patent and Trademark Office last week, American Express Travel Related Services describes …

0 37

Users of WEX, the cryptocurrency exchange built on the ashes of BTC-e, are reporting withdrawal problems, raising new questions about an already mysterious trading platform. “‏Dear Wex, when withdraws will enable ??” asked Twitter user Alireza Moosavi on Friday, joining a crowd of Wex customers complaining they couldn’t withdraw their funds for the second day in …

0 39

Leshi Internet, a Chinese video streaming website with a history of financial troubles, is being questioned by the Shenzhen Stock Exchange over its subsidiary’s move into the crypto space. Lerong Zhixin, a smart TV maker owned by Shenzhen-listed Leishi, announced a plan on Wednesday to partner with a blockchain startup to launch a video streaming console …

0 37

A team from China’s Tsinghua University has filed a patent application detailing a role for blockchain technology in protecting cultural heritage. According to a patent filing submitted in April and revealed on Friday, three faculty members of the university have developed a concept for a system that can store and share digital versions of culturally …

0 37

A South Korean government-funded organization has submitted a blockchain-related patent application to the U.S. Patent and Trademark Office (USPTO), public documents show. The application, which was submitted by the Electronics and Telecommunications Research Institute (ETRI) on January 10 of this year, details a blockchain-powered system for managing data that belongs to public organizations. More specifically, …

0 37

About half of the existing crypto-asset market today – numbering some 1,500 – functions on top of an existing blockchain like ethereum, according to a new report. The study from Satis Group, which forms part of a five-entry series analyzing the state of the cryptocurrency ecosystem, explores the state of what it calls “platform networks,” …

0 42

Richemont, the Swiss luxury goods giant that owns Cartier, is turning to blockchain in a move aimed to bring transparency to its supply chain. Jin Keyu, a renowned economist and an associate professor at the London School of Economics (LSE) who was appointed by Richemont as a board member last year, said during a speech …

0 37

Shanghai Stock Exchange (SSE), one of the world’s largest securities trading venues by market capitalization, is eyeing the use of distributed ledger technology (DLT) in the securities market. The SSE published a research paper on Tuesday, which analyzed the use of DLT in various stages of a security transaction, such as the pre-trading customer registration, …

0 37

Shanghai Stock Exchange (SSE), one of the world’s largest securities trading venues by market capitalization, is pushing for the use of distributed ledger technology (DLT) in the securities market. The SSE published a research paper on Tuesday, which analyzed the use of DLT in various stages of a security transaction, such as the pre-trading customer …

0 37

New research suggests that prices for high-end graphics cards – coveted by both cryptocurrency miners and gamers alike – are falling. The research was conducted by John Peddie Research, a tech marketing and consulting firm based in California. As tech publication Computerworld reported on Tuesday, the report shows higher-priced products from Advanced Micro Devices (AMD) …

0 39

For a cryptocurrency exchange that has seen its bitcoin price trade at a market premium since launch, the spike to nearly $9,000 on the WEX exchange on Wednesday was an outlier. Some background: in July of last year, U.S. and international law enforcement took aim at BTC-e, the long-running – and long-mysterious – cryptocurrency exchange. …

0 39

A startup that is developing a protocol based on the ethereum blockchain to allow users to validate information across different datasets has raised $3 million in seed funding. Called DIRT, the San Francisco-based company said Wednesday that notable investment firms taking part in the round include Digital Currency Group, Pantera Capital, China-based Zhenfund and InBlockchain. Individual …

0 39

People might just pay money for digital stickers and photos, if it were easier that is. It’s a contrarian view, but it’s the central idea behind one of last year’s largest initial coin offerings (ICOs), which raised $98 million selling ethereum-based tokens created specifically for the messaging app company Kik. To jumpstart a digital market around its …

0 39

CryptoKitties, the virtual cat breeding game that became so popular it clogged the ethereum network, is to roll out a version for mobile devices through a partnership with Taiwanese phone maker HTC. CryptoKitties announced the partnership in a release on Tuesday, indicating that the mobile app will first be available on HTC’s flagship phone, the U12+, …

0 38