Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash…
While it is true that blockchain technology has allowed innovators to create solutions that were previously thought impossible or implausible, there are legitimate concerns that these innovations are unlikely to reach their full potential if they are not recognized by the law. Do Smart Contracts need legal recognition? The term ‘smart contract’ was originally coined…
Ethereum (ETH) is now down 50% since the beginning of May. The market cap now stands at US$43.73 billion, with exchange-traded volume of US$3.4 billion in the past 24 hours. Transactions per day have essentially been flat since the end of April, with average transaction fees rising slightly in the same period. Pending transactions have…
Oracles are the crucial link between the real world and the ethereal digital world, translating the non-deterministic off-chain data into deterministic data on-chain. In order for the decentralized world to really become a reality we need to understand oracles and their role because, one day, we may even function as one. Once universally understood and…
Steve Wozniak is one of the biggest Bitcoin bulls out there. He has recently stated that he hopes Bitcoin will become the world’s global economy, siding with Twitter founder Jack Dorsey who has forecasted a similar occurrence for the coin: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen but…
Day 14 of the Crypto World Cup was a wild one! Roger Ver faced off against Anthony Pompliano in what turned out to be a shocker of a game. Plus, Willy Woo pulls the wool over everyone’s eyes. Meet the players of this year’s Crypto World Cup. Check out the results and highlights of today’s…
Welcome to our latest segment: Crypto and Coffee with Chelsea. Today’s episode: Medicalchain. Crypto and Coffee with Chelsea: Medicalchain I had the pleasure of getting to sit down and chat with Medicalchian’s co-founder and COO, Mohammed Tayeb, today. Medicalchain is a project based on the blockchain that seeks to solve a huge issue with patient health…
Three crypto bills have been passed by the Maltese parliament through their second reading. This further cements the tiny Mediterranean islands ambition to become the “Bitcoin continent of Europe”. The announcement was made by the Parliamentary Secretary for Digital Innovation Silvio Schembri at the Malta Institute of Management Cryptocurrency Considerations for Management Conference. The conference…
Kotak Mahindra joins RippleNet: Yes, it’s true: another financial institution has joined the RippleNet. This is yet another example of how Ripple is working towards solving real-world problems. On Wednesday, Kotak Mahindra, an Indian bank, posted a press release, in which it stated that it has entered into a collaboration with Ripple. Specifically, Kotak Mahindra will…
Ontology main net launch: Ontology (ONT), the 19th largest cryptocurrency by market cap, is just three days away from its main net launch. 3 days till MainNet! If you’re making a Triones seed node application, do so ASAP. For those who have applied but have not yet been chosen, quickly deposit your stake. HZF Web,…
