Business

Bitcoin Price Struggles to Recover After Slump Earlier Today

[ad_1] Wednesday, Aug. 28 — Top cryptocurrencies Bitcoin (BTC), Ether (ETH) and XRP are in the red following a sudden price crash at 5:45 p.m. UTC. The market as a whole is also red across the board.Market visualization. Source: Coin360The Bitcoin price is trading at $9,691 at press time, marking a 4.42% price decrease on the day. BTC, ETH and XRP all sharply dropped in price from 5:45 p.m. to
EXCHANGES

Crypto Salaries Gain Regulatory Recognition Around the World

[ad_1] Salaries paid in decentralized digital coins have become a norm across the crypto industry, but there’s really no reason why cryptocurrencies can’t be used for remuneration by businesses in other sectors as well. In many jurisdictions that should be legal even in the absence of dedicated legislation. Switzerland, New Zealand, Japan and Estonia are a few examples. Companies and employees in these countries take advantage of the benefits that
BLOCKCHAIN

Bitmain Chip Supplier Faces Infringement Lawsuits From Competitor

[ad_1] TSMC, the world’s largest independent semiconductor foundry and chip supplier for Bitmain, is facing multiple lawsuits from its competitor GlobalFoundries (GF).Alleged patent infringement GF, the second biggest semiconductor foundry by sales after TSMC, filed several lawsuits in the United States and Germany, accusing Taiwanese TSMC of infringing on 16 GF patents, according to an official GF statement on Aug. 26.In the lawsuits, the California-based company seeks orders to ban TSMC
BLOCKCHAIN

What Pushes Tech? A Discussion With Prof. Reichental

[ad_1] Professor Jonathan Reichental is the incarnation of a tech man. One of the most competent opinion leaders in the innovation field of our times, he has managed to be successful as an advisor to business and governments, a professor in leading universities, a writer, the chief information officer of Palo Alto in Silicon Valley, an investor… the list continues. Currently, he is deeply engaged in the blockchain community and
BLOCKCHAIN

Fintech Firm Partners With R3 to Develop Shariah-Compliant Market Platform

[ad_1] Dubai-based fintech company Wethaq has entered into a strategic partnership with enterprise software firm R3, in order to create a platform for issuing and trading sukuk securities based on R3’s Corda offering. A platform for Islamic securitiesAccording to a press release on Aug. 28, Wethaq’s platform is built on R3’s open source enterprise blockchain platform Corda, and the company has been taking steps to ensure that it is likewise compliant
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Halsey Minor’s VideoCoin is Coming for a $30 Billion Industry

[ad_1] VideoCoin debuted its blockchain-powered video infrastructure platform dubbed the VideoCoin Network this week, along with the listing of the native VID token on KuCoin and Beaxy cryptocurrency exchanges. This launch enables VideoCoin users to live stream video content, as well as be compensated for hosting the streaming services. We got a chance to interview VideoCoin Founder Halsey Minor on what this announcement means for the video streaming industry, obstacles his
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New Hyperledger to be Launched by the Santiago Stock Exchange (STE), and Others

[ad_1] Based on a recent report, the Santiago Stock Exchange (STE), the Global Trade Directory (GTD), and the Central Securities Depository (DVC) has come together to form a new Hyperledger blockchain project to stabilise the Chilean stock market and bring in new investors from overseas. The Technology Consortium will investigate cases regarding the usage of blockchain in the financial sector, especially in the enhancement of communications for both domestic and
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One Could Win $1 Million By Finding 100 ‘Critical’ Bugs in Libra

[ad_1] Facebook is offering thousands of dollars as a reward for those testers who find bugs in its upcoming Libra cryptocurrency. Libra Invites Your Security and Privacy Review of its Architecture and Design Facebook envisages empowering billions of people all over the world through its single global ‘cryptocurrency’, Libra. It will be supported by a simple financial infrastructure. The social media giant plans to release the digital asset in 2020.
EXCHANGES

ERC20 Tether Transactions Flip Their Omni Equivalent

[ad_1] Crypto enthusiasts have noticed that the Ethereum blockchain has come awfully close to reaching capacity due to the added transactions stemming from the Tether (USDT) network. The transaction count since mid-August shows the ERC20 version of tether has surpassed the original version that uses BTC. ERC20 tether transactions cost users more than $260,000 in the last 30 days and the over-saturation of trades is 17X larger than the infamous
Business

French Police Shut Down 850,000 Computer Botnet Used for Cryptojacking

[ad_1] French police have shut down a massive botnet that has been used for Monero (XRM) cryptojacking. Cryptojacking backed by “massive firepower”BBC News reported the development on Aug. 27. According to the police, the botnet was distributed by sending virus-laden emails with offers for erotic pictures or fast cash, and further propogated through infected USB drives. The virus, called Retadup, ultimately infected 850,000 computers in over 100 countries — thus creating