BLOCKCHAIN

Microsoft Releases Blockchain Manager App

[ad_1] Microsoft announced its fully managed Azure Blockchain Service in a press release on May 2.The new blockchain-as-a-service (BaaS) platform will purportedly allow users to build blockchain applications on preconfigured network. According to Microsoft’s head of corporate communications, Frank Shaw, this service “simplifies the formation, management, and governance of consortium blockchain networks.”Shaw further noted that Azure Blockchain Service can create a new consortium network “in a few simple clicks,” or let
Business

Former CFTC Chair Gary Gensler Says Crypto Market Needs Regulation in Order to Grow

[ad_1] Former chairman of the Commodity Futures Trading Commission (CFTC) Gary Gensler said that the cryptocurrency market needs regulation in order to grow, because consumers must be protected. Gensler shared his views with Cointelegraph at the Business of Blockchain event at the Massachusetts Institute of Technology on May 2.Speaking about the perspective on such services and products as custody and bitcoin (BTC) exchange-traded funds (ETFs), Gensler argued that for the
BLOCKCHAIN

Upgraded Hyperledger Fabric Sees 7-Fold Increase in Transaction Speed

[ad_1] Researchers have re-engineered the Hyperledger Fabric to support almost seven times more transactions per second (TPS), according to a May 2 news release from Canada’s University of Waterloo.A new series of optimizations increased the volume of data that the blockchain — used by financial institutions, IT giants and engineering companies — can process. Where it formerly maxed out around 3,000 TPS, the researchers claim they managed to achieve 20,000
EXCHANGES

Square Cash Bitcoin Sales Will Overtake Mining Rate After 2020

[ad_1] Square’s Cash app reported record Bitcoin revenue once again, in its Q1 2019 earnings report. If growth continues at this rate, there could soon be 2 BTC bought on Square Cash for each one mined. Record Quarterly Bitcoin Sales On Cash App Jack Dorsey’s financial services provider, Square, posted another quarter of record BTC sales through its Cash app. In its Q1 2019 earnings report, it announced $65.5 million in
Business

US District Attorney Seeks to Retain Defendant in Crypto Shadow Banking Crypto Case

[ad_1] The United States Attorney for the District of Arizona (DA) is seeking to retain a defendant in custody in a case of alleged shadow banking for cryptocurrency companies. In a court filing released on May 1, the DA states that they are concerned the accused will flee.The filing follows the official announcement published by the Southern District of New York Attorney in April, ordering to charge an Arizona citizen
Business

New Zealand Churches Deny Affiliation With Crypto Ponzi Scheme OneCoin

[ad_1] A New Zealand church accused of colluding with a cryptocurrency Ponzi scheme in targeting the congregation, has denied knowingly participating in illegal activity in a Facebook statement on May 2.The Samoan Independent Seventh Day Adventist Church (SISDAC) is one of two places of worship accused of having links to OneCoin, which raised hundreds of millions of dollars worldwide by luring investors with the promise of huge returns.According to RadioNZ, the scam specifically targeted New
BLOCKCHAIN

Indian Tech Firm Tech Mahindra to Combat Spam Phone Calls With Blockchain

[ad_1] Indian technology company Tech Mahindra will be implementing an anti-spam call solution powered by blockchain, Indian business daily Business Today reports on May 2.This solution will allow phone companies to comply with the Telecom Regulatory Authority of India (TRAI)'s regulations to protect mobile phone subscribers from unsolicited Commercial Communication (UCC), which will come into effect in the last week of May.Rajesh Dhuddu, Global Practice Leader of Blockchain at Tech
EXCHANGES

TRON CEO Says Tether Controversy Will Delay User Rewards

[ad_1] Justin Sun, the CEO of TRON, has commented on the controversy that is brewing around Tether, the largest stablecoin in existence. TRON recently introduced a Tether-based coin on its own blockchain, and it is now planning a reward program that will encourage users to adopt the coin. However, Sun has now declared that the reward program will be postponed: I’ve decided to postpone our #USDT rewards program for future
Business

Coinbase Wallet Adds Support for Dogecoin to Wallet App

[ad_1] American major cryptocurrency exchange Coinbase has added support for Dogecoin (DOGE) to its crypto wallet service Coinbase Wallet, according to an announcement published on May 1.The announcement states that users can now store DOGE directly in the Coinbase Wallet app. The coin thus joined other digital currencies —  bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), ethereum classic (ETC), Ripple (XRP), Stellar Lumens (XLM) —  already supported by the wallet.
EXCHANGES

Ripple-Based Tipping Tool “Coil” Branches Into Blogging

[ad_1] Coil, a tipping tool that allows users to donate XRP tokens to content creators, has taken a major step forward. Coil has now launched a brand new version of its platform, and this update turns the Coil website into a full-fledged blogging platform. As of Wednesday, users can post and read articles on the Coil website. What Is Coil? Coil has been available as a browser extension since last