Blog Archive

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

22 August 2020 By Evan Fitzgerald

Blockchain-Interoperability-The-Big-Picture

A unified language for digital assets would provide the foundation for our decentralized economic and social infrastructure. Simplicity is directly proportional to efficiency; when there are fewer things to break, we expect that on average, even fewer things will do so ... Read more

21 August 2020 By Dominic Robinson

Pomp Thinks BTC’s Market Cap Will Exceed Gold’s in Less Than a Decade

That would give Bitcoin a market cap of at least $9 trillion dollars. Anthony Pompliano believes that by the end of 2029, the market capitalization of Bitcoin (BTC) will be higher than that of gold. The Morgan Creek Digital co-founder’s tweet provoked a reply from Peter Schiff: “By 2029 you'll be lucky if the market cap of #Bitcoin still exceeds the market cap of a baseball cap.” ... Read more

19 August 2020 By Evan Fitzgerald

Mitsubishi Launches Blockchain Platform for Metal Trading

The metals and minerals subsidiary of Mitsubishi has launched a blockchain platform to digitize metal trades. The metals and minerals resource trading subsidiary of Mitsubishi Corporation, Mitsubishi Corporation RtM Japan Ltd, has launched a blockchain platform named ECO for precious metals trading. ... Read more

17 August 2020 By Dominic Robinson

How Miners Can Hedge Their Inventory to Increase Return on Investment

Strategies from the world of traditional finance could offer promise for miners who want to lower the risk associated with holding inventory. To a newcomer, crypto mining may sound deceptively easy — essentially, a way to switch on a machine, walk away and watch the lucrative crypto rewards roll in. But the reality is a little more complicated. ... Read more

15 August 2020 By Lilly Harvey

IOTA Revs Its Engines for Mainnet Upgrade Launch

Chrysalis is barely a week away from going live. The IOTA network is preparing to launch the first phase of Chrysalis, also known as IOTA 1.5, on its mainnet sometime next week. ... Read more

13 August 2020 By Evan Fitzgerald

Facebook Goes All-In on Fintech With Launch of New Product Group

Facebook is determined not to take “no” for an answer when it comes to fintech. Facebook has launched a new product group to promote “payments and commerce opportunities” with David Marcus, Libra’s co-creator, in charge of the division. ... Read more

11 August 2020 By Evan Fitzgerald

World Gov’ts Eye Blockchain as Dollar’s Power Wanes, Says Ripple CEO

Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says. Cryptocurrency advocates have long been keen to point to the weaknesses of fiat currency. Now an uncertain world rocked by a global health crisis and geopolitical flare-ups is bringing them into dialogue with the mainstream more than ever. ... Read more

11 August 2020 By Lilly Harvey

Ethereum Developers Discuss Potential Ways to Avoid ETC’s Fate

After a string of 51% attacks on Ethereum Classic, developers from its core chain rival, Ethereum, discuss ways of avoiding the same fate. In a Core Devs meeting on Friday, Ethereum (ETH) developers discussed potential measures that could be taken to prevent successful 51% attacks from occurring. ... Read more

9 August 2020 By Evan Fitzgerald

Pomp: Goldman Sachs’ Interest In Blockchain Shows Innovation Out of Necessity

Anthony Pompliano states innovation inevitability in light of recent blockchain comments from new Goldman Sachs brass, Mathew McDermott. Mathew McDermott has assumed the role of global head of digital assets for banking giant Goldman Sachs, touting future blockchain predictions. ... Read more

8 August 2020 By Dominic Robinson

Binance’s Trust Wallet Hits 5M Users, Expands DeFi Services

Binance owned Trust Wallet has hit a five million user milestone, it is now delving into the DeFi sector. Crypto giant Binance acquired Trust Wallet two years ago today. In that short space of time, the service has managed to amount 5 million users, and it is now expanding into the burgeoning DeFi sector. ... Read more

8 August 2020 By Lilly Harvey

The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

The Ethereum Foundation is looking to hire a dedicated security team to dissect all aspects of Ethereum 2.0. The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network. ... Read more

6 August 2020 By Lilly Harvey

Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor

According to a leading blockchain security auditing firm, Cardano will become the second biggest DeFi platform behind Ethereum, dwarfing Tezos. Quantstamp, a company that has been auditing Cardano’s (ADA) code base for the past two months, believes that after the Shelley hard fork, Cardano will trail only Ethereum (ETH) as a smart contract platform, dwarfing its arch-rival Tezos (XTZ). ... Read more

5 August 2020 By Dominic Robinson

Exchange Activity Explodes Following Bitcoin’s $10K Breakout

On-chain exchange activity exploded during Bitcoin’s recent breakout, seemingly confirming the legitimacy of the price momentum. Bitcoin’s (BTC) recent breakout was accompanied by a massive spike in on-chain exchange volume activity, according to data from Glassnode. ... Read more