The blockchain industry desperately needs password solutions that aren’t such a royal pain in the neck. That’s why the San Francisco-based startup Magic just raised a $4 million seed round from investors like Naval Ravikant, SV Angel, Placeholder, Lightspeed Venture Partners and Volt Capital, just to name a few....
Leading crypto data aggregator CoinMarketCap (CMC) has introduced new metrics ranking exchanges and market pairings based on a number of factors that are intended to reduce the impact of fake volume on the platform’s data.The changes build on others that were introduced recently that have proven controversial for...
Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher.     As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours....
The Thirteenth National People’s Congress and Chinese People’s Political Consultative Conference has come to an end on May 28. According to Xinhua news, the same day the parliament passed a new civil code; a legislation package that includes protecting the civil rights of inheritance, marriage, property, personality, contract...
BitClave, a California startup whose Ethereum-based search engine raised $25.5 million in a 2017 token sale, will pay back its 9,500 investors in a settlement with the U.S. Securities and Exchange Commission (SEC). The settlement ended BitClave’s court saga almost as soon as it began. Prosecutors with the SEC...
Telegram messenger founder and CEO Pavel Durov reportedly donated about $90,000 worth of bitcoin (BTC) to help alleviate the financial burden of the COVID-19 pandemic in Russia. Egor Zhukov, a student political activist who organized a crowdfunding campaign to help people cope with the pandemic-related crisis, announced Durov donated...
The blockchain-based digital payment project, Electroneum, will be launching an in-app electricity top-up feature across four African countries — Nigeria, Senegal, Mali and The Gambia.The electricity top-up feature will allow ETN app users to top-up their electricity meters directly from the app by paying in ETN tokens. The ETN...
Users of the Compound lending platform will begin earning COMP tokens in mid-June, pending the public review of the decentralized finance (DeFi) firm’s distribution plan.  COMP, the governance token for the Ethereum-based lending dapp, was first announced in February. According to a draft blog post shared in advance with...
Blockchain technology firm, LayerX, has raised about 3 billion yen (equivalent to nearly $28 million) to further blockchain adoption.The Japanese version of Cointelegraph reported on May 28 that LayerX raised the funds from venture capital firms JAFCO, ANRI, and Yahoo Group. JAFCO board member, Keisuke Miyoshi, commented:“Corona has...
Tommaso Mancini-Griffoli, a representative from the International Monetary Fund, believes that a synthetic private-public partnership could be the best way forward for a central bank digital currency. Mancini-Griffoli, the IMF’s Monetary capital markets department deputy division chief, joined the Money Movement’s latest live session on May 26. The show,...