War of the Blockchains: Ethereum (ETH) Quickly Losing Market Share to Competitors

In a free and unregulated market, it is only natural that competition will emerge, and proponents of free markets believe that this competition helps to propel platforms forward, while simultaneously providing investors with multiple investment options to choose from. Ethereum, which is widely hailed as one of the most popular …

New Crypto Wallet Service Bringing Digital Currency to WhatsApp Users

In an effort to promote the widespread adoption of crypto, a team of developers have created a wallet that will allow its users to access digital currency services from within their favourite messaging applications such as WhatsApp. Using the Wuabit service users will soon be able to send, receive, trade, and …

FACEBOOK IS WORKING ON A CRYPTOCURRENCY FOR WHATSAPP TO RIVAL BITCOIN

Facebook’s much-rumoured cryptocurrency appears to be close to fruition, with reports suggesting the technology giant is within a few months of launching its own bitcoin-style currency. A secret team of around 50 Facebook employees are working on the cryptocurrency, according to The New York Times, who cited five anonymous sources close to the …

JP Morgan is rolling out the first US bank-backed cryptocurrency to transform payments business

The first cryptocurrency created by a major U.S. bank is here — and it’s from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction …

Is Facebook Preparing Its Shopping List to Fuel Its Blockchain Dreams?

While it is in a well aware fact now that Facebook is building its war chest for blockchain, from open hiring to acquiring top talent from the street. But last week news of acquisition blockchain start-up Chainspace took a lot of people by surprise as the Social Media Giant was …

ConsenSys, AMD to Develop Ethereum-based Cloud Computing Infrastructure

Ethereum-related development firm ConsenSys has partnered with US-based multinational computer chip manufacturer AMD to develop a blockchain-based cloud computing infrastructure. Announced on Friday, the W3BCLOUD computing architecture will be developed through a collaborative effort involving ConsenSys, AMD, and United Arab Emirates-based investment company Halo Holdings. W3BCLOUD will be used to …

Regulatory Overreach is Crippling the U.S. Crypto Sector

A law professor has reached an unflattering conclusion regarding the regulatory climate of the crypto space in the United States — it’s confusing! According to Carol Goforth, who teaches at the University of Arkansas School of Law, “overlapping regulations produced by a multitude of distinct agencies with different missions and …

Paxos Standard (PAX) Is Now a Base Pair on Binance

Major cryptocurrency exchange Binance has added Paxos Standard (PAX) as a base currency on its platform, meaning the stablecoin can be coupled with other digital assets listed on the platform. The addition of PAX on Binance will offer traders an alternative to controversial stablecoin Tether (USDT), which, until now, was …

NYSE Operator’s Bakkt Confirms End of January 2019 Launch Date For Digital Assets Platform

The Bakkt digital assets platform, which was created by the operator of the New York Stock Exchange (NYSE), announced in a Medium post today, Nov. 24, that they are now “targeting” Jan. 24, 2019 as a launch date. The Intercontinental Exchange (ICE), operator of 23 leading global exchanges including the …