There is little evidence of practical scalable use for blockchain technology, according to a post published by consulting firm McKinsey. Major financial consulting company McKinsey & Company believes that there is little evidence of practical use for blockchain, according to an official post published on Jan. 4. McKinsey was founded in 1926 and has a […]
Continue Readingsponsored This service is aiming to switch to a “zero percent commission on retail bookings” model by utilizing smart contracts. The Europe-based company LockTrip wants to put the accommodation industry on the blockchain by creating “the first functional blockchain-based travel service.” The team says it already offers 100,000 hotels and more than 1,500 vacation rentals […]
Continue ReadingFive more cryptocurrency exchanges have joined Japan’s self-regulatory crypto exchange body. Five more cryptocurrency exchanges have joined the Japan Virtual Currency Exchange Association (JVCEA), according to an official announcement on Jan. 4 from the JVCEA. The JVCEA is a self-regulatory body formed in April by 16 registered crypto exchanges that aims to create industry-wide investor […]
Continue ReadingThe founder of Romanian cryptocurrency exchange Coinflux will reportedly be extradited to the United States. Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States, local media company Mediafax reports Jan. 4. As Cointelegraph reported in December, Călin was arrested earlier on a warrant from the U.S. for […]
Continue ReadingThe Gemini cryptocurrency exchange has launched a new ad campaign, in which it calls for better regulation of the crypto space. The Gemini cryptocurrency exchange founded by the Winklevoss twins in 2014 is calling for better regulation of the crypto space in a new ad campaign, the Wall Street Journal (WSJ) reports on Jan. 4. […]
Continue ReadingThe Texas Department of Banking is considering recognizing stablecoins as money under the Texas Money Services Act. The Texas Department of Banking could consider stablecoins as money, making them and exchanges that deal with them subject to a number of Texas laws and license requirements, according to a Supervisory Memorandum published on Jan. 2. Supervisory […]
Continue ReadingEthereum core developers have reached a tentative consensus to implement a new proof-of-work algorithm that would increase the efficiency of GPU-based mining on the network. Ethereum (ETH) core developers have reached a tentative consensus to implement a new proof-of-work (PoW) algorithm that would increase the efficiency of GPU-based — as opposed to ASIC-based — mining […]
Continue ReadingNaysayers continue to believe that Bitcoin is a scam and can neither become a currency nor act as a store of value. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own […]
Continue ReadingConsenSys, AMD and Abu-Dhabi-based Halo Holdings have partnered to build a blockchain-based cloud computing infrastructure for the public and private sector. Blockchain software company ConsenSys, semiconductor producer AMD, and Abu-Dhabi-based investment management firm Halo Holdings are jointly working on a blockchain-based cloud computing infrastructure. ConsenSys announced the collaboration in a press release published on Jan. […]
Continue ReadingCrypto exchanges OKEx and Huobi will support the upcoming Ethereum Constantinople hard fork which will fundamentally change the Ethereum blockchain. Leading cryptocurrency exchanges OKEx and Huobi Global will support the Ethereum (ETH) Constantinople hard fork which is estimated to happen between Jan. 14 and 18, according to a press release shared with Cointelegraph. The Constantinople […]
Continue Reading