The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization. The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC). Bitcoin didn’t do any better Japan’s Government […]
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Cosmos already patched its Tendermint consensus protocol on July 2. Decentralized data network Bluzelle (BLZ) discovered a bug in the Tendermint consensus algorithm used by the Cosmos (ATOM) interchain protocol. According to a Bluzelle announcement shared with Cointelegraph on July 6, the firm discovered a bug in Tendermint during its validators competition. The competition, which […]
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Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged. Several courts in China have implemented blockchain technology as a way to secure properties with an electronic seal. The Executive Bureau of the People’s Court in Haidian District, Beijing, has reportedly deployed a blockchain-based electronic seal to secure […]
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China’s CBDC wants to displace the US dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to find adoption in niches where crypto […]
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A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities. Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya. Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or […]
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Currency.com obtained a distributed ledger technology license from the Gibraltar Financial Services Commission. The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6. According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to […]
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Arca launches Ethereum-based trading for new fund based on shares in U.S. Treasury securities. Per a July 6 announcement from the firm, Arca has begun trading for its new digitized security, the ArCoin. The ArCoin runs on the Ethereum blockchain and represents shares in Arca’s U.S. Treasury Fund, which is registered with the Securities and […]
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The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card. Jack Mallers, developer of the Zap Lightning Wallet, announced his new app for iPhone, Android and Chrome on July 2, which allows users to send and receive Bitcoin (BTC) and […]
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Ledger’s chief technology officer Charles Guillemet said that the recently revealed vulnerability is nothing more than a user experience flaw. Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability. According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in […]
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Justin Sun announced three upcoming DeFi products from Tron, but crypto Twitter didn’t seem impressed. Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades. Sun revealed that the project, JUST DeFi, plans […]
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