Month: January 2020

South Korean cryptocurrency exchange Bithumb has pledged to invest roughly $8 million into the Busan blockchain zone. The region was recently declared “regulation-free” by the national government and modeled after the Switzerland town of Zug. Bithumb’s subsidiary GCX Alliance will discuss the preliminary plans with the Financial Services Commission (FSC) this month. Also read: Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump Bithumb Joins South Korea’s Blockchain Coalition in the ‘Regulatory-Free’ Zone in Busan On December 30, 2019, news.Bitcoin.com reported on the South Korean exchange Bithumb when the…

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On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that process between 48 terahash per second (TH/s) to 68TH/s for January and February delivery periods. Canaan stock sold on the Nasdaq Global Market has also managed to jump back 39% since the significant plunge in…

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Are you developing a blockchain game that could be the next Cryptokitties or even take blockchain games mainstream, if only you had some help from a major company in the field? You’re in luck, because French video games giant Ubisoft is now looking for new blockchain startups it can support. Also Read: Honk Launches Token Sale to Fund SLP-Powered Sports Betting Site Ubisoft Entrepreneurs Lab to Focus on Blockchain Video gaming giant Ubisoft has announced that its Entrepreneurs Lab is now recruiting new startups for its fifth season of the…

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As anyone who has ever sought to lend crypto will attest, significant variance exists in the APR offered to lenders. Indeed, the spectrum can swing from 1% to 8% – even when it’s the same asset being loaned across platforms such as Coinbase, Poloniex, Compound and Dharma. As a consequence, would-be lenders seeking passive income must shop around for the best offer. Here are six high-interest options for lenders. Also read: Low Interest Rates Provide Precarious Protection Against Crisis, World Bank Warns It Pays to Shop Around There’s a lot…

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The latest global debt wave is the largest in the past five decades, the World Bank has acknowledged in a new report. The international institution notes that previous waves of broad-based debt accumulation lead to widespread financial crises. Historically low interest rates this time might not be sufficient to avoid the next meltdown. Also read: Another Bank Run Highlights China’s Brewing Financial Crisis Largest, Fastest, Broadest Debt Wave The risk of a new global financial crisis is one of the focal points in the January edition of the World Bank’s…

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The Philippines has a “Crypto Valley of Asia,” an initiative of the Cagayan Economic Zone Authority, the government agency responsible for managing the Cagayan Special Economic Zone and Freeport. An airport is now being planned for inside this economic zone to address the needs of its investors and crypto service providers. Many cryptocurrency exchanges have been licensed to operate within the zone. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws Airport Planned for Crypto Valley of Asia The Philippines’ Cagayan Economic Zone Authority (CEZA) has…

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Since the creation of the Silk Road, authorities have waged a war against the online drug trade with a wave of surveillance and enforcement. However, crypto-anarchists are developing new ways to evade the state’s tentacles as the next technological phase started to emerge in late 2017. On Monday, the Cypherpunk Bitstream podcast discussed the evolution of darknet markets as new ideas like dropgangs and dead drops proliferate into the next decade. Also read: Why the Counter Economy Is Necessary to Bitcoin’s Survival as a Disruptive Currency The Importance of Evolving…

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2019 was a good year for dapps and a particularly good one for Tron and Ethereum. That’s the upshot of Dapp Review’s new report into crypto-powered decentralized applications. The sprawling research document inspects the major dapp networks in forensic detail and provides key takeaways. The headline-grabber is the revelation that Tron, EOS, and Ethereum accrued $23 billion in dapp volume last year, with Tron leapfrogging EOS along the way to establish itself as the de facto dapp network for recreational use. Also read: Researcher’s Scathing Lightning Network Analysis Finds Flaws…

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Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks to tech progress and proper market conditions, cryptocurrency mining at your home is once again becoming an option to support your budget with some satoshis or save on utility bills. Also read: Bitcoin Emits Less Carbon Than Previously Claimed, New Study…

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On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also read: Here’s What Happens When You Use Lightning Network for the First Time Digital Preservation Researcher David Rosenthal Investigates Lightning Network The controversial scaling solution called the Lightning Network has a bunch of fans and…

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