BLOCKCHAIN

Atlantis Hard Fork for Ethereum Scheduled for September 17 Launch

[ad_1] The Atlantis hard fork for Ethereum Classic (ETC) has been officially set to occur at block 8,772,000 on the blockchain, according to the Ethereum Classic Improvement Protocol (ECIP) finalization call via Discord on June 20.As per the discussions in the call, the developers and contributors had previously considered putting the hard fork at block number 8.75 million, which is predicted to run on September 15.However, since the 15th is
EXCHANGES

Western Union is Still Exploring and Testing Ripple and XRP: CEO Hikmet Ersek

[ad_1] According to a recent report, the Chief Executive Officer at Western Union Hikmet Ersek has revealed that the global money transfer service has not finished conducting tests on the cross- border payment service developed by Ripple. Future Of Mobile Payments During a roundtable meeting about the future of mobile payments which was hosted by Fortune, Ersek made it known that Western Union requires other things compared to MoneyGram which
BLOCKCHAIN

Wanxiang and PlatON Join Forces for Blockchain Infrastructure of New Smart City in China

[ad_1] Automotive giant China Wanxiang Holding Co., Ltd has partnered with blockchain-based tech firm PlatOn to develop a “smart city” in Hangzhou, according to a report by CryptoNinjas on June 20.According to the report, the smart city—dubbed “Innova City”—will be built with tech using PlatON’s blockchain infrastructure, for purposes like interfacing with city resident ID cards as well as monitoring driving behavior.The report includes a statement from Chief Innovation Officer
Business

Riviera Beach City Council Agrees to Pay $600,000 in BTC to Ransomware Attackers

[ad_1] The city council of Riviera Beach, Florida has agreed to pay nearly $600,000 worth of Bitcoin (BTC) to regain access to data encrypted in a hacker attack, the New York Times reported on June 19.On May 29, the city experienced “a data security event” when a police department employee opened an allegedly infected email attachment, which eventually resulted in the online system breakdown. The hackers allegedly encrypted government records,
EXCHANGES

Can the Facebook (FB) Coin Really Disrupt the Crypto and Remittance Markets

[ad_1] Facebook’s highly secretive Libra Project has been making headlines lately due to the immense potential it holds to disrupt both the international remittance market and the cryptocurrency sector. While some analysts believe that the project will bring greater credence to the crypto industry, others are more skeptical about the latest move by FB given the firm’s past disreputable data collection practices. Facebook will reportedly release its GlobalCoin whitepaper sometime
EXCHANGES

What Is Grin? | The First Major Blockchain to Implement MimbleWimble

[ad_1] Grin is a private, lightweight, MimbleWimble blockchain project. Like Monero and Zcash, the goal of Grin is to keep your identity and financial history private as you participate in the network. Although Tom Elvis Jedusor first proposed MimbleWimble in 2016, the idea has only recently gained traction. Grin is the most notable project building a MimbleWimble blockchain from scratch, but Bitcoin and Litecoin developers are looking at possible implementations
Business

What Is Libra? Breaking Down Facebook’s New Digital Currency

[ad_1] Facebook has been in the news quite often over the past few years — and usually for all the wrong reasons. The social media giant has been lambasted over its privacy practices, its seemingly anti-consumer stance and even an apparent investor revolt in which shareholders voted (albeit symbolically) to remove Mark Zuckerberg from the board of directors.However, the company’s most recent announcement that it is launching a digital currency
EXCHANGES

Reserve Bank of Australia (RBA): Cryptos Worldwide Adoption Will Soon be Truncated

[ad_1] The Reserve Bank of Australia (RBA) stated in an official document that in as much as the traditional financial system is still working efficiently in Australia, virtual currencies will not be widely used. Scalability Trilemma The publication which was written by analysts from the payments policy department at RBA revealed that because of some issues, there is “little likelihood of a material take-up of cryptocurrencies for retail payments in
EXCHANGES

What Is LEO? | All You Need to Know About Bitfinex’s Cryptocurrency

[ad_1] LEO is a utility token that you can use on all iFinex platforms, including Bitfinex and Ethfinex. The token derives its name from “Unus Sed Leo,” iFinex’s company motto. The Latin phrase describes a story in which a sow berates a lion for having only one child. The lion agrees in response but states that the one child is a lion, arguing for quality over quantity. In this short
EXCHANGES

These Are 2019’s Biggest Cryptocurrency Winners and Losers so Far

[ad_1] The second quarter of 2019 is coming to an end and for those who invested in cryptocurrencies this year, market prices are a whole lot higher than they were a year prior. Since the significant lows in December 2018, most digital currencies have captured remarkable gains. Also read: Policymakers Meet to Finalize Global Crypto Guidance – A Look at Standards G20 Supports Digital Assets Post 350-550% Gains Throughout 2018,