NULS, an open-source adaptive blockchain, wants to leave its isolation from the rest of the blockchain ecosystem and create bridges to other networks—and perhaps one day between them. The first step is connecting NULS to Bitcoin and Ethereum. That vision is laid out in a whitepaper the NULS Technical Community released on Thursday. The whitepaper […]
DARING ANALYST CALLS BITCOIN CRASH TO $2.4K SOON
With market data showing a range of conflicting signals, one analyst has now made a bold prediction that Bitcoin will soon see its largest price collapse in over a year. Whereas investors should consider all possibilities, such a bold assumption is certain to be controversial. PREDICTION BASED ON CHART PATTERN BREAKDOWN This claim of a […]
Indian Tech Giant Mahindra Speeds Up Cross Border Transactions with Blockchain
Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has become the first Indian business to use R3’s blockchain-based Marco Polo Network for conducting cross-border transactions. It said the platform had resulted in faster reconciliation and ambiguity resolution, as well as the significant reduction of paperwork and time required for the entire transaction cycle. […]
Suspicions Grow During BitBay’s 18-Hour Outage
Estonia-based cryptocurrency BitBay went offline for more than 18 hours citing problems caused by a third-party service provider. On March 26, BitBay tweeted that it was struggling with a “network problem” resulting from their “external service provider.” The exchange stated that it had contacted the provider and was working on resolving the problem. Founded in Poland in […]
Cryptocurrency is a Failure as a Currency Says Brazil’s Banking Chief
The President of the Brazilian Banking Federation, Murilo Portugal, has argued that cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact of the Digital Revolution on the Financial System’ at the non-profit think tank, the Fernando Henrique Cardoso Foundation. The debate examined the impact of new technologies on financial services, including […]
The Mysterious Founder of Cross-Chain Protocol Reveals His Identity
The NULS Technical Community (NULS) has released a blueprint for Nerve Network, a cross-chain protocol. Until now, the mysterious mastermind behind the network was known only known as “Berzeck”. Vitalik’s dream come true Nerve Network is tackling the same issue as Cosmos (Atom) and Polkadot — a lack of cross-chain interoperability. This is something that Vitalik Buterin has recently lamented about: “We should put resources […]
Plastiq raises $75m
Plastiq, a US startup that lets SMEs pay any bill by credit card, has raised $75 million in a Series D funding round led by B Capital Group. Kleiner Perkins, Khosla Ventures, Accomplice and Top Tier Capital Partners, all previous investors, also participated in the round, bringing Plastiq’s total funding to date to more than […]
Digital Dollar Project names advisory group
The Digital Dollar Project has put together a 22-strong advisory group to help shepherd its work on the creation of a US central bank digital currency (CBDC). The project is the brainchild of former CFTC chair Chris Giancarlo, ex-CFTC chief innovation officer Daniel Gorfine and Pure Storage CEO Charles Giancarlo, who have set up a […]
LITECOIN COULD SEE ANOTHER PRICE CRASH SOON, WILL BITCOIN FOLLOW?
The crypto market remains volatile, with analysts actively trying to seek insight into its next moves. Litecoin now appears ready for a notable correction. Such a move could set off a similar drop in Bitcoin and other cryptos, as it has done before. LITECOIN MAY OFFER CLARITY TO UNPREDICTABLE MARKET As crypto traders attempt to […]
Cardano Releases Solution that Scales More than Visa’s Payment Network
On March 25, Cardano launched its off-chain scalability protocol, Ouroboros Hydra, after 5 years of development. An announcement sent to Cointelegraph claims that the protocol vastly increased scalability and low latency for the Cardano blockchain while using little storage on the network’s nodes. The solution also reportedly allows for applications such as micropayments, voting, insurance […]