Given that blockchain is a revolutionary technology, its mainstream penetration is inevitable. In 2015, a key study showed that no fewer than five million blockchain wallets existed, but in 2019, that user count has reached over 42 million. A typical yardstick to measure the success of any technology is its relevance and acceptability to users, […]

Continue reading >

Although Bitcoin has so far not yet been widely adopted, its underlying technology, blockchain, has gained massive attention. Walmart, JP Morgan, and IBM are some of the notable corporate giants that have started integrating the technology in their operations. All these institutional investors cite blockchain’s potential to increase transaction/information processing speeds, reduce costs, amongst many […]

Continue reading >

There has been a lot of hype around blockchain technology, including predictions for how it can make communications and data sharing more secure.There are exciting possibilities for blockchain as a valuable platform for security professionals to protect important data. Yet the key features that advocates point to, such as the ability for participants to remain […]

Continue reading >

Digital asset manager CoinShares is putting gold on the bitcoin blockchain.Working with wallet provider Blockchain and precious medal trader MKS (Switzerland) SA, the U.K.-based firm announced Tuesday a gold-backed network for trading tokens representing digitized physical gold, a project two years in the making.According to CoinShares, the network launches today with more than $20 million […]

Continue reading >

The future of Facebook’s cryptocurrency project is in jeopardy as many of the companies initially attached to Libra have jumped ship.Mastercard, Visa, eBay, Stripe, and Mercado Pago will all no longer participate in the Libra Association, the group working to launch Facebook’s proposed cryptocurrency, the Financial Times and Bloomberg first reported on Friday. Facebook confirmed […]

Continue reading >

Hackers said to be sponsored by North Korea have found a novel way to attack Apple Macs, according to research published on Sunday. The so-called Lazarus Group, considered by the U.S. government and numerous cybersecurity companies to be sponsored by North Korea, are trying to get into Macs via some fake cryptocurrency software created by a […]

Continue reading >

If you’ve been following Peter Schiff for his prediction of the 2008 financial collapse or strictly because of his affinity for gold, then you’re probably aware that he is not a fan of Bitcoin (BTC), but would he be interested in gold-backed smart contracts?The United States Federal Reserve cut interest rates by another quarter-point on […]

Continue reading >

A group of major automakers are about to hit the road with the first field testing of a blockchain-based vehicle identification network next month in the U.S.As reported by Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault are working with the Mobility Open Blockchain Initiative (MOBI) on integrating the system to automatically make […]

Continue reading >

The US Internal Revenue Service (IRS) issued updated guidance for calculating taxes owed on cryptocurrency holdings yesterday. It’s the organizations first update in five years and it asks more questions than it answers.In short, the IRS has firmed its stance that cryptocurrency should be taxed under the same rules as any other property or capital […]

Continue reading >

Six months after Societe Generale issued its first bond on a public blockchain, it has yet to offer the instrument to clients or to make use of the full capabilities of the smart contract mediating the sale. But the French financial institution insists that it hasn’t forgotten about the €100 million (roughly $110 million) bond, which […]

Continue reading >