Category: Blockchain

MyCryptoWallet, a platform that operates as a trading platform in Australia, has notably gone bankrupt. An inevitable situation occurred as many of the platform’s users started complaining that they are unable to access their funds on the exchange. An investigation report revealed by a local news channel, including The Age and The Sydney Morning Herald, had

A federal jury in Miami has vindicated self-acclaimed Bitcoin (BTC) inventor Craig Wright in a lawsuit involving him and his late business partner, Dave Kleiman. As reported by CNBC, Wright is meant to pay the sum of $100 million in compensatory damages to W&K Info Defense Research. The two men allegedly co-founded this company. The

Due to the volatile nature and potential risks to the financial and payment stability of cryptocurrencies, the Bank of Thailand (BOT) has urged commercial banks to stay away from trading with digital assets, Bloomberg reported. BOT Senior Director Chayawadee Chai-Anant advised commercial banks to focus on safety at a press briefing, stating “they (banks) are responsible

Chainlink Labs, the blockchain oracle service provider, has tapped the services of Eric Schmidt, a former Chief Executive Officer of tech giant Google as its new strategic advisor. According to the official announcement, Schmidt will be very involved in helping to develop platforms powering the next generation of innovation. “Blockchain networks and Chainlink oracles are at a

Any loopholes occurring in the healthcare sector, where is a vital sector, could lead to various drawbacks in the quality of services given by healthcare providers. Secure storage and transfer of patient information are overwhelming issues faced in the healthcare sector, as siloed record-keeping systems can frequently lead to conflicting incomplete or ambiguous records and

BitMart CEO, in a series of tweets on Monday, December 6, announced that the company will use their own funding to cover the security breach that saw hackers withdraw about $150 million of cryptocurrencies and compensate the victims whose money was stolen during the incident. Following the recent hacking incident, CEO Sheldon Xia said he

On Monday, December 6, Japan’s Financial Services Agency (FSA) announced that it will propose legislation in 2022 that seeks to limit the issuance of stablecoin to banks and wire transfer companies. The major financial market regulator stated that limiting the stablecoin issuances will assist in reducing down risks, as banks have the responsibility of protecting

After experiencing an oscillation over the weekend, both Bitcoin (BTC) and Ethereum (ETH) are back to winning ways. BTC was up by 6.13% and Ethereum by 9.21% in the last 24 hours to hit $51,263 and $4,416, respectively, according to CoinMarketCap. Nevertheless, Ethereum has emerged as the victor because more money has trickled into its

American cryptocurrency exchange Coinbase announced the launch of Kryptology, an encryption library that focuses on building complex encryption technologies. The Coinbase team stated that it hopes to make Kryptology the standard for a powerful and usable encryption library. The encryption library will provide developers with an audited and easy-to-use API toolbox. Cryptography is the driving force

Grayscale Investments surveyed 1000 U.S. investors recently; the Digital Currency Group (DCG) owned crypto asset manager has revealed the growing enthusiasm and popularity of Bitcoin as an investable asset class.  Key Takeaways in the Grayscale Survey Per the survey, more than half of cryptocurrency investors in America, or about 55%, started investing in the space in