Gavin Wood Announces ‘Impending Release’ of DIY Blockchain Tool

Another do-it-yourself build-a-blockchain tool is about to launch. Speaking at the Web3 Summit in Berlin on Tuesday, ethereum co-founder and Parity Technologies founder Gavin Wood announced that his company’s new tool, Substrate, is weeks from release. As the technical underpinning for his interoperability protocol Polkadot, Substrate provides a generalized platform for blockchain development. According to Wood, […]

Continue Reading

Australian Securities Watchdog Halts ICO Seeking to Raise $50 Million

An Australian initial coin offering (ICO) project planning to raise as much as $50 million has announced its token sale has been halted by the country’s securities regulator. Called Global Tech Exchange, the Brisbane-based project announced on its website Monday that its token sale has now ceased after the Australia Securities Investments Commission (ASIC) stepped in. […]

Continue Reading

Sorry, I Turned Off My Bitcoin Faucet (Because Money)

Ofir Beigel is the general manager of 99 Bitcoins, an informational site for newcomers to the space. In November 2015, I started operating 99Bitcoins’ faucet. Almost three years later, on Oct. 8, I shut it down. Throughout its history, the faucet paid out over 12.795 bitcoins to its users. Here’s its story. What are cryptocurrency […]

Continue Reading

What China’s Cashless Revolution Can Teach the West About Crypto

Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. Cash appears to be disappearing from China’s teeming cities. Foreign tourists talk of struggling to […]

Continue Reading

North Korean Hacking Group Lazerus Stole $571 Million in Cryptos: Report

North Korea’s infamous hacking group, dubbed Lazarus, has managed to steal over half a billion dollars in cryptocurrencies, a report indicates. According to an article published Friday by The Next Web, the coming annual report from cybersecurity vendor Group-IB sets out that Lazarus was behind 14 hacks on crypto exchanges since January 2017, reaping a massive $571 […]

Continue Reading

Security firm G4S Has Launched a Crypto Custody Service

U.K.-based security services company G4S now offers a crypto custody service aimed to protect investors’ holdings of digital assets. Announcing the move in a press release on Oct. 16, the firm said, with the rising popularity of cryptocurrencies, it developed the new service to offer “high-security offline storage that helps to protect assets from criminals and […]

Continue Reading

Wallet Provider Blockchain Is Backing Crypto Giveaways In a Big Way

“Airdrops are good for crypto users.” Those are the unequivocal words of cryptocurrency wallet and data provider Blockchain in a new white paper that sets out why it believes token giveaways can be beneficial for both individuals and the crypto ecosystem, while announcing a new program aimed to assist approved projects with token distributions “as […]

Continue Reading

Australian State Eyes Blockchain Upgrade for Property Transactions

As part of a plan to put all property transactions into the digital realm, a department of Australia’s New South Wales (NSW) government is turning to blockchain technology. With the state having ordered the digitization of all property transactions from July 1, 2019, NSW Land Registry Services – the operator of land titling and registry operations […]

Continue Reading

Binance Pauses Tether Withdrawals After Denying Delist Rumor

Crypto exchange Binance, the world’s largest by volume, suspended withdrawals of the tether (USDT) stablecoin Monday morning during what it called a period of heightened activity. Withdrawal functionality has since been returned, according to Binance’s website, which previously stated “wallet maintenance, withdrawal suspended” on the page for USDT. A customer service administrator on the platform’s English-language […]

Continue Reading