‘Augur Scam’ Sparks Centralized Vs. Decentralized Debate on Reddit

[ad_1] According to a Reddit thread on March 19, traders on Augur, a decentralized oracle and peer-to-peer protocol for prediction markets, are being scammed. The Reddit user claims that “some people” in the Augur community are exploiting a design element of the Augur protocol by purposefully creating invalid markets through ambiguous wording. This allows them to profit by gaming the system, rendering Augur “unusable.”Augur’s co-founder, Joseph Krug, took to Twitter

Pakistan’s Central Bank Aims to Issue Its Own Digital Currency by 2025

[ad_1] Jameel Ahmad, the deputy governor of the State Bank of Pakistan (SBP), the nation’s central bank, declared that the institution aims to issue a digital currency by 2025, Pakistani YouTube news channel Public News reported on April 1.English-language local media Dawn also reported today that Asad Umar, Pakistan’s finance minister, prompted the official’s statement during a ceremony celebrating the launch of Electronic Money Institutions (EMIs) on Monday, April 1.According

PayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First

[ad_1] In an apparent first, global online payments firm PayPal has made an investment in a blockchain startup — one that focuses on leveraging the technology to give users more control over their digital identities. The news was reported by Forbes on April 2.The investment comes as part of an extension to a Series A funding round in the startup — called Cambridge Blockchain — that first raised a total

Coincheck Launches Bitcoin OTC Trading Desk 15 Months After Hack

[ad_1] The Tokyo-based cryptocurrency exchange Coincheck has launched a Bitcoin over-the-counter (OTC) trading service for its users, per a post published on its official blog. The platform’s OTC trading desk will serve the needs of large-scale and institutional investors that want to trade large volumes of digital assets. Trading starts from 50 BTC (worth about $207,900 USD at press time) via Coincheck’s web interface. Currently the OTC trading desk serves

SEC Announces Another Bitcoin ETF Delay

[ad_1] The question of Bitcoin ETF still remains in the air, as the US Securities and Exchange Commission (SEC) announces another delay. The regulator has been receiving crypto ETF applications for a long time now, and while most of them were rejected, several requests received high amounts of praise and attention. The regulator was expected to finally reach the decision regarding one such proposal, submitted by the San Francisco-based asset

Digital Identity: Trusted Know-Your-Customer (KYC) in a matter of seconds

[ad_1] Digital identity is a Blockchain empowered process that allows the instant verification of customer data. Reducing both the enrollment time and fraud potential for new customers. Many businesses struggle with creating an efficient Know-Your-Customer (KYC) process. Acquiring a new customer is very important for a business, yet during the KYC phase, the worst customer experience is delivered to the customer. Digital identity is a concept that allows new customers

Bitcoin Lightning Network Reaches Milestone $5M Capacity

[ad_1] Bitcoin off-chain scaling solution the Lightning Network (LN) has reached a record $5 million in capacity as Bitcoin price rises fuel enthusiasm across the board. Lightning Network Does Big Numbers Data from monitoring resource confirmed the milestone for Lightning, which has upped its Bitcoin transaction capacity by almost 50 percent over the past month. At press time April 2, Bitcoin mainnet Lightning had support for 1062 BTC ($5,080,000)

XRP Price Prediction: Can XRP Finally Rise?

[ad_1] XRP price saw some rough treatment from the crypto market in 2019 so far, but there are indications that things might change for the third largest coin by market cap. In the first days of January, XRP fluctuated between a support level at $0.3500 and a resistance at $0.375. However, come January 10th, the coin got caught up in the bear market that pushed its price further down. While

How Cryptocurrency Market is affected by Brexit

[ad_1] In June 2016, an unprecedented referendum saw the United Kingdom vote to leave the European Union by a majority of 51.9% to 48.1%. Since then, Brexit – the term coined to describe Britain’s departure from the EU – has been a subject of huge controversy within the Houses of Parliament and in the country at large. The UK triggered Article 50 to begin its departure plans from the EU,

Puerto Rico Sees New Crypto Bank Accept First Client Deposit

[ad_1] Puerto Rico-based cryptocurrency trading platform San Juan Mercantile Exchange (SJMX) has launched banking operations via a new subsidiary, the company announced in a press release on April 2.SJMX, which exists as a membership-based exchange for digital asset traders, is seeking to expand the scope of its operations for institutional investors.The new venture, dubbed San Juan Mercantile Bank & Trust International (SJMBT), received a banking license from Puerto Rican regulators