Tag: cryptocurrency mining

Baidu, China’s search engine giant, has launched its very own blockchain-as-a-service (BaaS) offering. The new open platform intends to provide the “most user-friendly blockchain tool” to businesses. According to the dedicated webpage, Baidu Trust is “a self-developed project based on blockchain technology.” The platform allows “safe, efficient and low cost traceability and trading, ideal for… Continue reading China’s Search Engine Giant Baidu Launches Blockchain Open Platform

Cryptocurrencies had an incredible year in 2017: Bitcoin jumped more than 1,300%, Ethereum rallied 8,600%, and the overall cryptocurrency market rose to nearly US$650 billion by the end of the year, an astronomical 3,720% increase compared with January’s “tiny” US$17 billion market capitalization. 2017 was the year that smaller, lesser known altcoins such Ripple, Stellar… Continue reading Crypto Craze: Towards A Bursting Bubble?

Shares of Eastman Kodak Company jumped 125% following news that the former camera and film giant was venturing into the cryptocurrency and blockchain space. Kodak and strategic partner WENN Digital announced on Tuesday that they were developing a blockchain-based called KodakOne for image rights management and its cryptocurrency called KodakCoin. A token sale is scheduled… Continue reading Kodak Stock Jumps 125% on ‘KodakCoin’ Cryptocurrency, ICO News

On January 9, MoneyToday, one of the most widely read finance and business news publications in South Korea, reported that a South Korean investor has made a $22 million profit off a $90 investment in bitcoin he likely made in 2011. For a $90 investment to turn into $22 million, the initial investment needs to… Continue reading South Korean Investor Brags About $24 Million Bitcoin Profit, Government Now Chasing Taxes

Litecoin, which is an altcoin that has long been marketed as the “silver to bitcoin’s gold”, was not the most difficult thing for creator Charlie Lee to launch. He simply took the Bitcoin Core codebase, changed a few parameters (such as the block time and mining algorithm), and then posted the new creation on bitcointalk.org.… Continue reading Charlie Lee Wants to Test a New Solution for Bitcoin Fee Estimation on Litecoin

Ether, the cryptocurrency native to the Ethereum network, could triple in value in 2018 as businesses in various industries are beginning to recognize the potential of Ethereum. The surge in the number of projects being built on the platform, coupled with increasing public interest in the cryptocurrency market, could push the price of ether to… Continue reading Ethereum Pioneer and Early Contributor Says ETH Could Triple in 2018

South Korean cryptocurrency exchanges including Bithumb, Coinone, and Korbit are adding more employees than banks and financial institutions, local mainstream news networks have reported. YTN, one of South Korea’s largest mainstream media outlets, revealed that Bithumb, which processes more than $2.6 billion worth of cryptocurrency trades on a daily basis, has been hiring more talents… Continue reading South Korean Cryptocurrency Mania: Exchanges are Adding More Employees Than Banks

Ethereum, the smart contracts protocol that supports decentralized applications, has surpassed $100 billion in market valuation for the first time in its two-year history. Over the past three months, Ethereum has seen the emergence of some of the most popular decentralized applications in the market such as digital kitten breeding and trading platform CryptoKitties, and… Continue reading As Ethereum Surpasses $100 Billion, Can Powerful Decentralized Applications Justify its Market Cap?

Privacy-focused cryptocurrency Dash has signed a partnership with Spanish startup Bitnovo to bring the cryptocurrency to 10,000 retailers throughout Spain. The partnership will allow consumers to purchase Dash in stores through coupons and in selected Carrefour and Media Markt outlets through the purchase of gift cards. “During the past months we were thinking which cryptocurrencies… Continue reading New Partnership Brings Dash Cryptocurrency to 10,000 Retailers in Spain

NITI Aayog, a policy think tank of the government of India, is exploring the use of blockchain. The agency is developing a proof-of-concept to leverage technology in key sectors such as education, health and agriculture, a senior government official told the Economic Times. “It is a safe system for document verification and hence can be… Continue reading Indian Policy Think Tank Develops Blockchain Proof-of-Concept