Blog Archive

27 September 2020 By Evan Fitzgerald

Ethereum Classic partners with ChainSafe and OpenRelay to prevent more 51% attacks

The quest to protect Ethereum Classic continues. As it grapples with multiple security breaches, Ethereum Classic Labs has partnered with ChainSafe and OpenRelay in hopes of increasing its defenses against 51% attacks. In a post, Ethereum Classic and its Core Dev Team will work with both ChainSafe and OpenRelay to develop and test security responses. ... Read more

25 September 2020 By Lilly Harvey

US Space Force taps blockchain firm Xage Security for data protection

Going where no blockchain has gone before. The recently created United States Space Force, or USSF, and the U.S. Air Force Research Lab has chosen blockchain firm Xage Security to develop data security systems. In a statement, Xage Security said it was awarded a contract to provide end-to-end data protection for the USSF. The company will employ its blockchain-based Xage Security Fabric solution for the project. ... Read more

23 September 2020 By Dominic Robinson

PayPal integration bridges fiat-crypto gap for bitFlyer Europe users

bitFlyer Europe has added one more fiat deposit option. The European subsidiary of bitFlyer, one of the largest Japanese cryptocurrency exchanges,has integrated PayPal deposits to their platforms. The official announcement calls bitFlyer’s integration with the internet payment giant a significant move in bridging the gap between the fiat and cryptocurrency world for European users. ... Read more

21 September 2020 By Lilly Harvey

Ethereum scalability issues exposed as high gas fees stall DeFi boom

Despite Ethereum’s proposal to fix its high fees, some feel that more needs to be done to improve the network. The crypto market has been on the receiving end of a market downturn during the past week, with many cryptocurrencies facing drops in valuation almost overnight, raising concerns that a bear market has commenced. ... Read more

19 September 2020 By Evan Fitzgerald

XMR workgroup says IRS should study Monero — not try to break it

Dollars are used for nefarious activities too. The United States Internal Revenue Service has better ways to spend taxpayer dollars than offering bounties to break Monero’s (XMR) privacy, a Monero working group says. After the IRS announced it is offering up to $625,000 to anyone who can break Monero, a major Monero-focused workgroup expressed their take on the matter. ... Read more

17 September 2020 By Lilly Harvey

A by-the-minute look at Tether’s $1 billion swap from Bitfinex to Binance

The recent Tether burn seems to have involved a lot of trust between Binance and its counterparties. On August 20, a Tether swap worth $1 billion happened — it involved Binance, Bitfinex, and a major fire dumpster on TRON (TRX) blockchain. ... Read more

15 September 2020 By Evan Fitzgerald

Binance CEO wants more Ethereum-based DeFi projects to join his platform

A bold invitation from CZ. Binance CEO Changpeng Zhao welcomed more Ethereum-based DeFi projects to join the Binance Smart Chain (BSC) platform. In a tweet discussion with another user, Zhao explained that this step would reduce the load on the Ethereum network, which will, in turn, lead to a reduction in Ethereum's gas fees. Zhao later stressed that Binance Smart Chain is not a replacement or competitor to the Ethereum network and that it is compatible with it ... Read more

13 September 2020 By Dominic Robinson

Bitcoin Mining just got harder, as mining difficulty reaches an all-time high

BTC miners who successfully mine a block are paid or rewarded in BTC. Lately, it has gotten harder to mine the world’s most valuable crypto. Data from Glassnode, a crypto analytic firm, showed that mining difficulty increased by 3.6% and is at an all-time high. ... Read more

11 September 2020 By Dominic Robinson

Former Florida Tax Collector Used Public Funds for Blockchain Company

A different kind of scam. A former Florida tax collector was found to have used public funds to set up a blockchain company. In a report from the Orlando Sentinel, former Seminole County tax collector Joel Greenberg billed the Tax Collector’s Office $65,860 to buy computer servers for a company he was setting up called Government Blockchain Systems LLC. Greenberg then reportedly returned the money in a series of checks. ... Read more

9 September 2020 By Evan Fitzgerald

Binance brings out platform for farming new assets

Bella Protocol will be the first project to participate in the platform. The world's largest crypto exchange Binance unveiled the Launchpool platform on Sept. 6. According to Binance, the new platform will allow users to have securely farm new assets as well as users will get new token rewards in return for staking BNB, BUSD, and other tokens. ... Read more

6 September 2020 By Lilly Harvey

The Blockchain Paradox: Decentralization Through Centralized Institutions

Institutional adoption of blockchain can offer great benefits, as truly decentralized control often comes from the roots of centralization. The power of blockchain technology to decentralize control of our financial economy is well documented ... Read more

3 September 2020 By Lilly Harvey

IOTA’s Chrysalis Upgrade Turbocharges Network Speeds 50x

IOTA’s network upgrade Chrysalis is now live, bringing an exponential increase in speed. The IOTA project has successfully completed its Chrysalis upgrade, enabling the network to handle up to 1000 transactions per second. This is around 50x faster than previously when the network topped out around 20 TPS. ... Read more

1 September 2020 By Lilly Harvey

Miners on Decentralised Storage Network Compete For 4 Million Token Prize

It’s a different kind of Space Race. Filecoin, a blockchain-based decentralized storage project, is officially launching its testnet- Space Race to test out the network before the mainnet launch. ... Read more

30 August 2020 By Dominic Robinson

Middle Eastern Restaurant Chain Converts Entire Reserves to BTC

The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto. A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin. ... Read more

28 August 2020 By Dominic Robinson

Binance Chain Runners Should Be Aware of Mainnet Hard Fork Upgrades

Some new upgrades to keep in mind. The Binance Chain mainnet, a blockchain software system developed by Binance and its community, is scheduled to do a hard fork upgrade around August 28 at 6:00 AM UTC. According to the company’s post on August 23, the full node runners on the mainnet are expected to switch their software version to v0.8.0 by the hard fork date. ... Read more

26 August 2020 By Evan Fitzgerald

VeChains New Partnership Could Bring Blockchain Tech to Dozens of Untapped Industries

Cyprus is becoming a hotspot for Blockchain technology. The VeChain Foundation has partnered with accounting and consulting firm Grant Thornton Cyprus. According to an announcement from the company, the partnership hopes to extend blockchain solutions to a variety of industries. ... Read more