Urban, Author at 2100 NEWS

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

November 18, 2018 0 0

Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. […]

SEC Takes Down Two Crypto Startups for Illegal ICOs

November 17, 2018 0 0

Dutiful CCN readers may recall this journalist’s questioning of the Paragon ICO over a year ago. Paragon responded to that article with legal threats, as noted in the author’s subsequent analysis of the initial coin offering in question. Now that some time has gone by, and the whole market capitalization of Paragon is about a third of what […]

Another $4 Billion Drop: Crypto Market Downtrend Continues as Bitcoin Cash Falls

November 17, 2018 0 0

Over the last 24 hours, the valuation of the crypto market has fallen from $185 billion to $181 billion, by around $4 billion. On November 15, amidst one of the worst single-day corrections in all of 2018, the crypto market saw a wipeout of more than $27 billion. The market extended losses throughout the past […]

Bitcoin Cash: Where the 4th-Largest Cryptocurrency Stands the Day after the Fork

November 17, 2018 0 0

Yesterday, the Bitcoin Cash network activated its second scheduled semi-annual hard fork since the cryptocurrency split away from the original Bitcoin blockchain. Unlike the previous protocol upgrade, however, this fork was contentious, with development teams launching two competing, incompatible BCH implementations. Background: Another Fork in the Bitcoin Cash Road The group adhering to the “official” […]

Central Bank of Azerbaijan Rules Out Issuing Cryptocurrency

November 16, 2018 0 0

The Central Bank of Azerbaijan (CBA) has indicated that it does not intend to issue a state-backed cryptocurrency, also known as a central bank digital currency (CBDC). Speaking to reporters in Baku on November 15, CBA first Chairman Alim Guliyev stated that the Bank treats cryptocurrencies conservatively, based on a belief that the use of digital […]

Crypto Exchange Huobi Dismisses 6 of Its 10 Employees in Brazil: Report

November 16, 2018 0 0

Major cryptocurrency exchange Huobi has recently dismissed 60% of its workforce in Brazil, a country it entered a few months ago. While the motive behind the move is currently unclear, competition in the country could be the culprit. According to local news outlet Portal do Bitcoin, Huobi Brazil’s CEO Frank Tao confirmed over the phone that […]

Has Crypto Exchange KuCoin Proven its Legitimacy by Raising $20 Million?

November 16, 2018 0 0

Singapore-based KuCoin, a major crypto exchange with an active and loyal user base, has secured $20 million in a funding round led by $20 billion venture capital firm IDG. Michael Gan, the CEO of KuCoin, wrote, “Today, we are thrilled to announce that we have closed our Series A Round of Funding, raising $20 million (USD) […]

Guilty Conscience? $30M Crypto Exit Scam in South Korea Refunds Victims

November 15, 2018 0 0

Earlier this week, a crypto exit scam in South Korea called “Pure Bit” disappeared with more than $30 million in user funds. On November 4, the group conducted an initial coin offering (ICO) to raise nearly $30 million using Ethereum (ETH) to build a cryptocurrency exchange. On November 13, as CCN reported, Pure Bit and its operators shut down all of their […]

Ethereum GPU Mining Profitability Has Declined Dramatically: New Research

November 15, 2018 0 0

New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance of more efficient ASIC miners which dominate […]

Nearly 1% of the Total Ethereum Supply is Locked in the MakerDAO Smart Contract

November 15, 2018 0 0

MKR.tools creator Mike McDonald raised a celebratory alarm on Twitter yesterday morning. According to the Ethereum blockchain, about 1 million ether – or almost 1 percent of the total Ethereum supply – is presently locked in MakerDAO smart contracts. View image on Twitter Mike McDonald@mikeraymcdonald There is now 1,000,000 ETH locked in @MakerDAO smart contracts as […]