Day: September 23, 2019

IBM is Interested in Working on Facebook’s Libra Crypto

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The cryptocurrency space has been on an impressive run this year and one of the biggest developments this year was the announcement of Facebook’s Libra, the social media company’s very own crypto token. It goes without saying that it was a huge announcement and caused a lot of noise in the crypto sphere. As is well known, Facebook (NASDAQ:FB) is heading the Libra project, but the company is going to be helped by many other firms. Key Development Today, it has emerged that tech giant IBM (NYSE:IBM) is apparently open…

IBM is Interested in Working on Facebook’s Libra Crypto

boss

The cryptocurrency space has been on an impressive run this year and one of the biggest developments this year was the announcement of Facebook’s Libra, the social media company’s very own crypto token. It goes without saying that it was a huge announcement and caused a lot of noise in the crypto sphere. As is well known, Facebook (NASDAQ:FB) is heading the Libra project, but the company is going to be helped by many other firms. Key Development Today, it has emerged that tech giant IBM (NYSE:IBM) is apparently open…

Largest Tencent Shareholder Leads $15M Round in Blockchain Game Developer

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Naspers, the largest shareholder of Chinese Internet giant Tencent, participated in a $15 million investment in blockchain game developer Immutable.  Key investors Immutable, a Sydney-based blockchain gaming startup, completed a new funding round led by Naspers and Mike Novogratz’s crypto investment bank Galaxy Digital, the company announced in a blog post on Sept. 23. As reported by the Australian Financial Review (AFR), other investors also included Sydney-based VC firm Reinventure and American private investment firm Apex Capital. Scaling from 13,000 to 1 million gamers projected According to the report, Immutable’s…

Can Bitcoin Donations Keep The Pirate Bay Afloat?

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They say that criminals are usually the first adopters of new technology. You may not agree with that idea, especially if you’re a frequent torrent user. In 2009 founders of one the most popular file-sharing service worldwide, The Pirate Bay, ran afoul of the law. That didn’t stop them, however, and in 2013 the site was still around but now accepting bitcoin. Over the last six years, The Pirate Bay (TPB) has looked to cryptocurrency donations as a way to stay afloat. CCN took a cursory glance at some of…

EOS’ First Hard Fork Successfully Completed

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EOS, the seventh-largest cryptocurrency by market capitalization, performed its first hard fork on Monday. The EOS update tracking tool maintained by the chain’s block producer, EOSNation, reports that EOS block producers (BP) signaled their intent to implement the update. According to the website, this is the largest upgrade that the network has seen so far, and the first one that required a hard fork. EOS Nation also claims that 29 of the 30 top BPs committed to upgrading at publishing time. Not the only major upcoming upgrade As Cointelegraph noted…

Overstock Appoints Jonathan Johnson as Company’s New CEO

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American e-commerce giant Overstock.com has appointed Jonathan Johnson as the company’s new chief executive officer, according to an announcement on Sept. 23. Johnson has served as an interim CEO of Overstock since the end of August when Patrick Byrne stepped down. Presently, Johnson also acts as the company’s member of the board of directors, president at Overstock’s venture capital arm Medici Ventures, and chairman of the board at its blockchain-focused subsidiary tZERO Group. Johnson stated: “Overstock has two unique businesses. […] I have run both, and I know how to…

Fake Kate Winslet BBC Interview Promotes Fraudulent Bitcoin Scam

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Hollywood actress Kate Winslet is looking to sue a group of bitcoin scammers who impersonated her to get money from unsuspecting investors. According to a report on September 23, 2019, the schemers alleged that the actress made her fortune through cryptocurrency investments.  Tip of the Iceberg A group of online bitcoin scammers faked a BBC interview with English Hollywood actress, Kate Winslet, to lure potential investors into investing in their bitcoin fraud. The bad actors further put an image of Winslet on a BBC logo, to get traction and make…

Binance.US to Launch Trading Tomorrow With 13 Currency Pairs

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Binance.US, the United States-based arm of major crypto exchange Binance, will start trading on Sept. 24, offering zero trading fees until Nov. 1. 13 trading pairs Binance.US will launch 13 fiat-to-crypto and crypto-to-crypto trading pairs, according to a blog post on Sept. 23. The trading pairs include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin.  The exchange will purportedly list a second batch of coins soon, following an evaluation period based on its Digital Asset Risk…

Buying Bitcoin on the Street Is Getting Easier

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Access to cryptocurrency, still a relatively new invention, requires some technological knowledge and computer literacy. In order to become more mainstream, however, Bitcoin will have to become more “main street” so to speak. Some crypto evangelists are finding ways to simplify the process of digital asset acquisition, making it easier for the average man or woman to get involved. Also read: How Cryptocurrencies Can Mitigate Some of Brexit’s Negative Effects Bitcoin Vouchers Sold in Lithuanian Stores and Kiosks New services offer newcomers to the crypto space an opportunity to buy…

Samsung’s Blockchain SSD Patent Could Disrupt Crypto Mining

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Electronics giant Samsung filed for a patent in May 2019 titled, “Programmable Blockchain Solid State Drive and Switch.” Even though few details are known about the newly designed system, a surge in patent applications filed by large corporations on blockchain is clearly visible. Related: Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks? Patent wars — i.e., battles between corporations or individuals to secure patents for litigation — are certainly not new. They have been widely practiced in the tech ecosystem since the times of Alexander Graham Bell at…