Blockchain Analytics Firm Chainalysis Outlines User Data Policy Amid Coinbase Allegations

New York-based blockchain analytics firm Chainalysis has published an official statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. The statement was published in a company blog post on March 5. Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing technology — such as its proprietary KYT (Know Your Transaction) tool — that enables firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering or terrorist…

Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond

Paper Outlines Proof-of-Stake Sidechains for Cardano Ouroboros, Beyond January 1, 2019 by William Peaster A team of researchers have published a paper outlining a formal structure for proof-of-stake sidechains via a “rigorous cryptographic definition.” Said to be the first of its kind, the outline covers sidechain constructions compatible with Cardano Ouroboros and other PoS systems like Algorand and Snow White.  Also read: Five New Year’s Resolutions to Improve Your Crypto Life in 2019 Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts Formalizing Sidechains: ‘The First … to the…

Deloitte Outlines Five Major Obstacles to Blockchain’s Mainstream Adoption

“Big Four” audit and consulting firm Deloitte has outlined five basic areas of development for blockchain technology in order achieve widespread adoption, according to a study published September 28. According to Deloitte, in order to be adopted by enterprises on a mass scale, blockchain technology should overcome five major obstacles – the possibility of time-consuming operations, lack of standardization, high costs and complexity blockchain applications, regulatory uncertainty, as well as the absence of collaboration between blockchain-related firms. Identifying the area that needs the most development, Deloitte singled out the problem…

World Economic Forum Outlines Over 65 Blockchain Use Cases for Environmental Protection

The World Economic Forum (WEF) foundation has outlined more than 65 blockchain use cases for solving the “most pressing” environmental challenges, in a report published September 14. In the report, titled “Building Block(chain)s for a Better Planet,” the Switzerland-based WEF has highlighted a large number of blockchain applications that could be used to help solve the world’s most pressing environmental challenges. The proposed applications, according to the WEF, can enhance the environment protection efforts in several ways, such as new financing models for environmental outcomes, the realization of non-financial value…

Crypto Exchange Giant Binance Outlines Plans to Expand in Africa

Binance Labs Director Benjamin Rameau has stated that Africa is front and center of the company’s expansion strategy as it bets on a vision of the 21st century driven by the world’s youngest population gaining increased access to technology and opportunities. In June, CCN reported that Binance began actualizing its African expansion strategy when it opened Uganda’s first ever Fiat-Crypto exchange offering trading pairs with the Ugandan Shilling. Contrarian Investment Ideas In a detailed blog published on his Medium page, Rameau comprehensively outlines why Binance believes that the future is African, starting…