The insurance sector is riddled with inefficiencies — and distributed ledger technology is on a mission to fix them. The business of insurance is enormously complex: The process of evaluating and managing a variety of risks that individuals and organizations face every day inevitably involves coordination of the multiple parties’ efforts and reconciliation of extensive […]
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US clean energy development firm Clearway Energy Group is launching a pilot program for trading renewable energy credits on a blockchain. United States-based clean energy development firm Clearway Energy Group is launching a pilot program for trading renewable energy credits on a blockchain, Bloomberg reported on June 28. Per the report, Clearway Energy partnered with […]
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Poland-based Golem Factory has spun off a new entity, the Golem Foundation, that is expected to increase the value of the entire project. Decentralized CPU power developer Golem is spinning off a new entity using funds of the original capital raised in its crowdfunding back in 2016 In a blog post on June 28, Golem […]
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Bisq had its best week in its history last week, while Localbitcoins volumes continued falling despite the bitcoin bull run. P2P bitcoin (BTC) trading platform Bisq is seeing record trading volumes as users drop Localbitcoins, data from monitoring resource Coin Dance confirmed this week. Bisq, the DEX formerly known as Bitsquare, is a decentralized application […]
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An Ethereum-based synthetic issuance platform lost over 37 million in synthetic ether. The Ethereum-based synthetic asset issuance platform Synthetix has lost over 37 million synthetic ETH (sETH) in an oracle attack, according to a report by The Block on June 24. While the amount of sETH in question is known to be over 37 million, […]
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Facebook has reportedly not applied for approval to operate its cryptocurrency in India with the RBI Facebook’s newly announced cryptocurrency, libra, may not be available in India due to the current ban of blockchain-based currency transactions, as stated in a report by local publication The Economic Times on June 20. Citing people familiar with the […]
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Developers will block U.S. IP addresses from being able to trade tokens from July 8, while other functionality will remain. Decentralized exchange platform Bancor plans to restrict United States residents from trading tokens on July 8, the company confirmed in a blog post on June 18. Citing a lack of clarity from regulators, executives said […]
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Austria’s Graz to use DLT-enabled energy trading platform by Power Ledger in move toward zero-carbon energy. Blockchain-based energy trading firm Power Ledger will roll out its peer-to-peer (P2P) network in Graz, the second-largest city in Austria, according to an announcement on June 18. The Australia-based company has partnered with E-NEXT, an innovation arm of major […]
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New Android malware sidesteps Google’s SMS permissions restrictions to get hold of two-factor authentication codes received via SMS. The cybersecurity company behind major antivirus software NOD32, ESET, reported on June 17 that new Android malware sidesteps Google’s SMS permissions restrictions to get hold of two-factor authentication (2FA) codes received via SMS. Per the report, some […]
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A full guide to decentralized exchanges — how they work and differ from their centralized counterparts. Any dispute settlement process? The main issue when talking about regulation of DEXs is that, in most cases, such exchanges are not controlled by a specific legal entity or individual. Since DEXs are not required to follow regulations, this […]
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