Crypto startup TrustToken announced Wednesday that its smart contract has passed three independent security audits conducted by Certik, SlowMist and Zeppelin, with no vulnerabilities found. Moreover, its TrueUSD stablecoin has now exceeded $1.1 billion in monthly trading volume, with a $200 million market cap, according to the firm’s data. As part of its efforts to maintain the stablecoin’s security, TrustToken …
Crypto data startup Nomics just secured $3 million in funding from investors including Coinbase Ventures. The company announced Tuesday that the Series A investment will be used to flesh out its engineering team, as well as continue working to index 95 percent of all data pertaining to how crypto assets are traded. Led by Arthur Ventures, the round also saw CoVenture …
Bitcoin (BTC) could be in for a stronger recovery rally ahead of New Year as the recent major sell-off looks to be fading. The leading cryptocurrency by market value had been trading near $3,200 early yesterday, representing an 83 percent drop from the record high of $20,000 reached the same date in 2017. However, BTC, which had been ignoring extreme …
If there’s any doubt institutions are moving fast on crypto asset adoption, take it from a teacher. In developing the syllabus for Fordham Law and Gabelli School of Business, which both offered my new course on blockchains and crypto assets, I was all too aware of the dramatic changes the industry underwent. The ever-shifting landscape and break-neck pace meant that the class, …
As governance becomes more and more prevalent in discussions around consensus protocols, it is clear that Satoshi Nakamoto’s original vision of “one-CPU-one-vote” shaped the entire crypto industry into thinking governance centered around machines, not people. But if artificial intelligence (AI) is indeed a threat to humanity as Elon Musk and Sam Altman frequently warn, why are we risking giving AI …
Forking within the crypto ecosystem is often a controversial subject. Many crypto-enthusiasts loathe it, taking particular exception to the so-called “contentious hard fork.” They believe hard-forking damages a cryptocurrency, and say it should be avoided at all costs. They also believe forking is detrimental to the market and represents a financial burden. However, this view is limited and narrow-minded. Forking for Good, Forking …
San Francisco-based cryptocurrency exchange and wallet service Coinbase has launched its new “Convert” service, according to an official statement on Dec. 17. Per the statement, customers will initially be able to convert between Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), 0x (ZRX) and Bitcoin Cash (BCH). The service will be available on coinbase.com and the firm’s iOS and …
Germany’s major state-owned bank KfW and Burkina Faso’s Ministry of Finance will test a blockchain application for use in public financial management, according to a statement posted Monday, Dec. 17. KfQ, ranked in 2017 as the country’s third largest bank by total assets, had also previously signed an agreement with the Burkinabe government in June 2018, providing the country with …
An Iranian official has said that integrating blockchain could bring a tech-based boost to the country’s economy. “This is possible with empowering the infrastructure of the blockchain technology with the help of government and private sector,” said Alireza Daliri, head of management development department of the vice presidency for science and technology, according to local reports. To that end, Iran should …
While emerging assets are always turbulent, 2018 has been an especially violent year for the crypto markets. Many investors who entered during the bull market of 2017 got badly burned during this year’s prolonged crash because they were deluded into believing that market prices accurately reflected underlying value. However, this should not be taken to mean that crypto as an …
