Litecoin creator Charlie Lee could be made a board member at the German bank the Litecoin Foundation – the group in which he serves as managing director – recently obtained a stake in. The deal for a 9.9 percent stake in WEG Bank AG resulted through a partnership with the crypto startup TokenPay, as previously reported. And while the response on social media seems to have been mostly … Continue reading Litecoin’s Lee: Bank deal can lead to new crypto services!
The document, published July 17th by the U.S. Patent and Trademark Office (USPTO), explains that though cryptocurrencies have “seen increased usage over traditional fiat currencies by consumers who value anonymity and security,” the wide disparity in payment processing times between the two classes of assets puts cryptocurrencies at a “disadvantage.” “There is a need to improve on the storage and processing of transactions that utilize Blockchain … Continue reading Mastercard wins patent for speeding up crypto payments!
South Korean exchange Coinrail has resumed service after it was hacked last month. The exchange has offered users some options to recover their cryptocurrencies. Eleven cryptos were stolen, some of which have been fully recovered and are now available for trading and withdrawals. However, some coins were not recovered. Coinrail reported that it was hacked on June 10 with an estimated damage of about 45 billion won … Continue reading Crypto exchange Coinrail reopens with many offers for cryptocurrencies!
Chain is only as strong as its weakest link and in Blockchain that link lies in the form of its founders. Getting nodes to achieve consensus is easy compared to the difficulty of getting humans to achieve consensus. The greatest challenge that new Blockchains must solve isn’t speed or scaling – it’s governance. There wasn’t much thought given to on-chain governance when Bitcoin was created; … Continue reading Why governance is the greatest problem for Blockchain?
After the anonymization service Coinmixer.se has not mixed any Bitcoin wallets in the last few days, the website was closed. Visitors will now be redirected to a thread on the forum Bitcointalk.org. There, the final setting is announced. Now the question arises: how long will it take until such services are banned in most nations? CoinMixer.se was founded in 2015 and, in spite of the … Continue reading Bitcoin service Coinmixer.se is closed!
Bitcoin is just nine years old, yet the digital currency is an important discussion topic in the business world. Nobody can predict what the future holds for Bitcoin. Noah Smith tries and thinks there are three possible scenarios for Bitcoin. Scenario 1: Bitcoin replaces Fiat currencies In the first scenario, Bitcoin replaces the world’s common Fiat currencies (EUR, USD, JPY, etc.). Bitcoin becomes the standard … Continue reading One of these three scenarios will apply to Bitcoin!
A few short weeks after the beta version of its mainnet went live, Tezos is looking to encourage its community to begin developing on its platform. The Tezos Foundation announced a new grant-making process Friday, saying it will hold a formal call for proposals in August. In a press release, the foundation explained that it has three initial targeting key areas: research that will extend … Continue reading Tezos is giving away grant money to crypto developers!
Japanese police have seized cryptocurrency belonging to a man with unpaid parking fines. The police explain that the revised fund settlement law enacted in April last year allows cryptocurrency to be seized like any other asset. The Hyogo Prefectural Police traffic guidance division announced this week that it had seized cryptocurrency owned by a 59-year-old resident with multiple delinquent parking violation charges, local media reported. Hyogo … Continue reading Japanese police seize cryptocurrency for parking violations!
Technology giant LG signs a contract with Ubcoin. In the future, the mobile payment app Ubank will be preinstalled on smartphones of the South Korean device manufacturer. As announced, LG Electronics has signed a contract with Ubcoin. As a result, the mobile payment app Ubank will already be preinstalled on the new smartphones of the LG brand. In addition, users of the new phones can … Continue reading LG: Mobile payment app for cryptocurrency payments
ICOs are still an attractive way to raise funds for planned projects. A Boston College Carroll School of Management study has shown that the majority of start-up companies so funded do not have a long life span. After four months of handing over the token to the buyers, they are considered dead. Even if the big hype seems to abate, newly formed rating agencies show … Continue reading ICO study: More than half of startups died after 4 months!