Crypto News
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Tencent and Alibaba’s Insurance Giant Is Using Blockchain With 100 Hospitals
ZhongAn, a Chinese insurance giant that provides infrastructure to 10 local insurers, stated that it has recently partnered with more than 100 hospitals to utilise blockchain technology in securely processing patient data and financial information. Significance of the Deal The insurance and healthcare industries are extensively intertwined and dependent on each other. In most regions, […]
EOS Denies Protocol Bugs Will Delay Mainnet Launch
The development team behind EOS said that the recent discovery of what have been described as “epic vulnerabilities” in the blockchain project’s source code will not prevent developers from shipping the software on time. Writing on Twitter, the EOS developers criticized media outlets who reported that the recently-discovered vulnerability — which researchers said would allow an attacker […]
Tron Begins Transition to Its Own Blockchain
Tron (TRX), the tenth-largest cryptocurrency, has begun the transition from the Ethereum network to its own public blockchain. The Tron mainnet — dubbed Odyssey 2.0 — officially launched on May 31 at 12 am UTC, initiating the first step in moving the $4 billion cryptocurrency to an independent network. The network will remain in beta for most […]
India Won’t Pay for Venezuelan Oil With ‘Petro’ Cryptocurrency
Despite being offered a reported 30% discount in crude oil imports from Venezuela for payment in petro, India has no plans to use the South American nation’s cryptocurrency after being hindered by its central bank crypto curbs. Indian foreign minister Sushma Swaraj was addressed reporters during a news conference this week when she was asked […]
Average ICO Investor Makes 82 Percent Profit: Boston College Researchers
Much has been made about the prevalence of scams within the initial coin offering (ICO) industry. However, a new report published by researchers at the Boston College Carroll School of Management suggests that the average ICO investor is still raking in a significant profit. The 54-page report, titled “Digital Tulips? Returns to Investors in Initial Coin […]
Italy’s Economic Pain Is the Bitcoin Price’s Gain
Perhaps it took an economic crisis of another kind to lift the cryptocurrency markets. Italy’s economy is reeling amid a political crisis that has placed a spotlight on the cracks in the EU’s economic foundation. Bitcoin Price Trends up as Italy’s Economy Falters Italian bonds are going bust, and the negativity has spilled over into […]
Crypto World ’Definitely in a Bubble’: Wikipedia Creator Jimmy Wales
The co-founder of the world’s largest online encyclopedia said that he believes the current state of the cryptocurrency market bears many of the characteristics of an asset bubble. Wikipedia creator Jimmy Wales made this claim on Tuesday at cryptocurrency conference Blockshow, which is being hosted in Berlin. “Right now, we are in a bubble. The […]
Indian Businessman Conned $130,000 in Bitcoin Purchase Scam
On the pretext of being offered bitcoins, a businessman from India’s capital city fell victim to a rather novel fraud – buying absolutely nothing in exchange for paying the pioneer cryptocurrency’s global prices to a purported cryptocurrency exchange representative. Purchasing Bitcoins Which Don’t Exist During a bank visit in 2017, the unnamed businessman was approached by the […]
Average Blockchain Project Dies in Less Than Two Years: Report
Recent years have seen a huge surge in the number of blockchain projects entering the space, with 871 ICOs raising over $6 billion last year compared to just 29 ICOs raising $90 million in 2016. Already this year there have been 777 ICOs and counting as more startups get on the ICO bandwagon – but not all of them […]
331 Japanese Cryptocurrency Investors Made at Least $1 Million in Profit Last Year: Tax Agency
Mainstream media outlets in South Korea and Japan JoongAng and Nikkei have reported that the National Tax Agency (NTA) of Japan is fully aware that 331 investors in the Japanese cryptocurrency sector recorded a profit of $1 million through trading, generating more than $331 million in total. Chasing Cryptocurrency Taxes By the end of 2017, […]