Category Archives: News

News

Ethereum’s Price Drop Possibly Due To Large ETH Sell-Off By EOS, Report Says

The price of Ethereum (ETH) has fallen today, May 28, with tech site TrustNodes blaming the drop on a large sale of ETH on crypto exchange Bitfinex that they attribute to EOS. Crypto Twitter persona WhalePanda also weighed in with a similar opinion about EOS’s role in today’s ETH sell-off: Wondering […]

1090 DApps And 700 Tokens Launched on Ethereum Network in 2017, Analyst Says

In 2017, 1,090 decentralized applications (DApps) and more than 700 tokens have been deployed on the Ethereum (ETH) network, Finance Magnates reports May 28. According to Christian Crowley, business analyst of Etherium analytics firm Alethio, an average of around 100,000 new users join Ethereum ecosystem every day. Moreover, Ethereum network processes one million transactions […]

Chinese Report: Blockchain Projects Go From Boom to Bust in 15 Months

A Chinese government analysis has concluded the average lifespan of a blockchain project is 1.22 years, sources report May 28. Speaking at the ongoing China International Big Data Industry Expo 2018 in Guizhou, He Baohong of the China Academy of Information and Communications Technology (CAICT) said only 8% of the blockchain projects ever launched […]

Bank of England: Central Bank Digital Currencies Can Jeopardize Commercial Banks

The Bank of England has issued a May 2018 staff working paper, which suggests that the adoption of central bank digital currencies (CBDCs) could pose a competition threat to commercial banks. Currently, the conventional – and profitable – business model of commercial banks relies on a plentiful and cheap supply of retail deposits, i.e. […]

Scottish ‘Crypto Clinic’ Treats Bitcoin Trading Addicts

A Scottish hospital is treating people who are addicted to trading cryptocurrencies in the UK’s first ever ‘crypto clinic,’ the Evening Standard reported today, May 28. Castle Craig Hospital in Peeblesshire, the Scottish Borders, has created a course of residential treatment for those it deems to be crypto addicts. Experts told the Evening […]

Winners Announced for BlockShow’s Blockchain Industry Leaders Poll

Blockshow Europe 2018 has announced the winners for its blockchain industry leaders poll, which was conducted using a blockchain-based voting app called Polys. BlockShow’s 2018 poll gave supporters worldwide the opportunity vote for those women and companies they felt to be making the biggest impact on the European blockchain sphere. Over 2000 votes were […]

Bithumb Crypto Exchange Bans Accounts From 11 Countries

Bithumb cryptocurrency exchange will ban users from eleven countries starting May 28 as part of new anti money laundering (AML) practices, according to an official announcement. In a press release issued May 27, Bithumb confirmed that citizens of states comprising the Non-Cooperative Countries and Territories (NCCT) initiative will no longer be able to use […]

Despite Hitting Monthly Price Lows, Bitcoin Network Fundamentals Keep Growing

Monday, May 28: crypto markets are experiencing a significant decline with all top ten cryptocurrencies listed on Coinmarketcap (CMC) in the red. Some altcoins such as Cardano (ADA) and Bitcoin Cash (BCH) are seeing losses up to around 30 percent over the last 7 days. Market visualization from Coin360 With a decline […]

BlockShow Europe 2018 Kicks Off in Berlin, Join Live Stream

BlockShow Europe 2018 kicked off this morning in Berlin, bringing together over 3,000 attendees and 150 projects from the blockchain space for a major conference that will run over the next two days, May 28-29. The conference is being streamed live: you can follow the Main Stage and the Second Stage here. […]

Circle Raises $110 Mln In Investment Round, Plans To Release Fiat-Based Stable Coin

Boston-based Circle Internet Financial Ltd., a digital currency products developer, has closed a $110 mln fundraising round led by mining hardware manufacturer Bitmain, Bloomberg reportsMay 15. The two companies are now partners in a project to create a token which is backed by US dollars. The investment lifts Circle’s valuation to nearly $3 bln, which is more than six […]