ConsenSys, one of the most prominent startups in the ethereum ecosystem, will work with the European Commission on its EU Blockchain Observatory and Forum, which officially launched Thursday. The two-year endeavor will fund up to €340 million ($425 million) in blockchain projects. The Commission first announced the initiative last spring, citing its desire...
The on-chain governance protocol Tezos, long stalled by its own crisis of governance, lurched forward in several notable ways this week. To begin, Johann Gevers, president of the Swiss-based Tezos Foundation kicked off events by publishing a blog post outlining his intent to use the project's proceeds to hire operational...
The Commodity Futures Trading Commission (CFTC) is developing a "heightened review process" for cryptocurrency futures though it will continue to allow exchanges to self-certify products, Chairman J. Christopher Giancarlo announced last week. As reported by Reuters, Giancarlo introduced a checklist during a conference speech in Florida pertaining to Designated Market...
Global shipping giant UPS may be looking at accepting bitcoin through an item-exchange locker service, newly published patent filings show. UPS is eyeing a system of locker banks that can take digital forms of payment, according to an application released by the U.S. Patent and Trademark Office (USPTO) on...
Investors in the decentralized home sharing network Bee Token’s initial coin offering (ICO) have been swindled of nearly $1 million in just over 25 hours. Bee Token, which recently partnered with San Francisco-based financial services platform WeTrust to create a decentralized competitor to home-sharing service AirBnB, launched its public ICO...
Stephen Palley, a lawyer in Washington D.C., known for his wry tweets about the cryptocurrency frenzy, has started a blockchain and virtual currency practice with an unusual focus. The new 10-person team at Anderson Kill will concentrate on mediating disputes and what people in the traditional finance world call...
The price of bitcoin has fallen below $9,000 for the first time in more than 2 months. As of press time, CoinDesk's Bitcoin Price Index (BPI) had hit a low of $8,932.89, a move that came hours after the market opened above $10,000. As previously reported, the price of bitcoin...
The researchers behind the SPECTRE and GHOST distributed ledger projects have proposed a new blockchain scalability proposal. Called PHANTOM, the protocol claims to provide transaction confirmation that is "secure under any throughput that the network can support" – smart contracts included. Yonatan Sompolinsky and Dr. Aviv Zohar outlined the new protocol...
Ripple's XRP token is taking a beating amid a broad losses across the cryptocurrency markets. Price of XRP fell to a two-week low of $0.99 today, according to CoinDesk's Ripple Price Index. The XRP/USD exchange has depreciated by 11.86 percent in the last 2 hours, indicates CoinMarketCap. As of writing,...
Samsung has confirmed it is now manufacturing bitcoin mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed...