Archived Posts

A survey by Chainalysis arrived at a conclusion that terrorists are fine tuning their funding methods using cryptocurrencies. The blockchain researchers have identified Izz ad-Din al-Qassam Brigades (AQB), Hamas’s military arm and noted terrorist organization, as the first sure case of cryptocurrency use by terrorists for funding their unlawful activities. AQB utilized a website to   Read more...

Libra Association, the governing body of the namesake stablecoin planned to be introduced by Facebook, has created a new committee to steer the technical work. In this regard, the Libra Association has voted to set up the five-member Technical Steering Committee which consists of top specialists from multiple organizations in the financial technology and blockchain   Read more...

Grayscale Investments, the crypto focused venture capital firm, has hit a new land mark of $1 billion in total investments last year. In a detailed eighteen page document, the company reported an eye brow raising Q4 2019. The company amassed $607.70 million after raising $225 million in the earlier quarter, signaling a likely bullish market.   Read more...

Electric Coin Co. (ECC), the commercial firm behind the creation of Zcash (ZEC), has rolled out a set of tools to pave way for conducting shielded transactions on smart phone. The launch has happened following the previous trial conducted in 2019 after the Sapling upgrade. The developer unveiled a suite of Software Development Kits (SDK)   Read more...

In Switzerland, a building on the popular downstreet Banhofstrasse has been sold on blockchain after successful tokenization. The buyer of the property is BrickMarket, a real estate firm operating from Switzerland. The enterprise has issued crypto tokens backed by bond, with the tokens being the equivalent of “shares” that represent the building’s ownership. The tokens   Read more...

Bitstamp, currently the 12th largest cryptocurrency exchange, is collaborating with Silvergate Bank, which is one of the handful banks supporting cryptocurrency related firms, to trial trading by leveraging on Bitcoin (BTC). The exchange will act as partner for launching the financial institution’s Silvergate Exchange Network (SEN) Leverage service. During the trial phase, the exchange will   Read more...

Bitcoin (BTC) crossed above $8,600 level and hit a high of $8,859 before falling back to $8,600 levels yesterday. Tone Vays, a cryptocurrency analyst, had forecast that if the price of Bitcoin stays above $8,600 then next round of selling can be expected near $8,800. At the time of writing this article, Bitcoin was trading   Read more...

Credit card provider Visa has taken over fintech firm Plaid for $5.30 billion. Plaid, had built a network that permits utilizers to simply link their financial accounts to the applications they utilize to administer their financial life style. The firm’s platform supposedly paves way for easy exchange of financial data with thousands of applications and   Read more...

Power Ledger, Australia headquartered blockchain energy company has bought a 250 kilowatt (KW) photovoltaic platform that will use a blockchain powered data handling and settlement system. Power Ledger bought the platform from Perdaman Advanced Energy, an Aussie company providing sustainable energy consulting and project development. The latest system will be installed in Maddington and incorporate   Read more...