Facebook Acquires Blockchain Startup Chainspace

Facebook Acquires Blockchain Startup Chainspace

According to financial news outlet Cheddar, Facebook has acquired a blockchain startup called Chainspace. Another move for the tech giant into the cryptocurrency space perhaps? Chainspace Founded by University College London researchers, the Chainspace blockchain describes itself as “a planetary scale smart contracts platform” and is comprised of a “distributed web of blockchains for scalability, speed,…

Ethereum 2.0 Inches Closer, Pre-Release Stable

Ethereum 2.0 Inches Closer, Pre-Release Stable

Ethereum 2.0 is closely approaching. The blockchain project has just launched its first pre-release for phase zero of the network’s transition to the new and improved Ethereum (ETH). Yesterday, Ethereum published a new post on its Github releasing the details of the pre-release. Ethereum 2.0 The new post explains: “[This] marks the first release in…

Crypto Hacks Take $1.7 Billion in 2018—Yikes!

Crypto Hacks Take $1.7 Billion in 2018—Yikes!

Yesterday, a rather shocking cryptocurrency anti-money laundering report was released by the crypto analytics company CipherTrace. This report states that around $1.7 billion worth of cryptocurrency was obtained illegally in 2018. What’s more surprising is that crypto hacks happened three times more than in 2017. No wonder institutional investors don’t want to put big money into…