June 2016 – Crypto Archives

WEF’s Annual Meeting of The Champions Puts Blockchain Tech At the Center of Attention

Blockchain technology “will revolutionize banking and financial services as we know it,” Pierre Gramegna, Minister of Finance of Luxembourg, told the audience during a panel session at the World Economic Forum’s 10th Annual Meeting of the New Champions in Tianjin, People’s Republic of China. “I think it is possible that blockchain will replace the word …

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Keepkey Hardware Wallet Review

When my interest in cryptocurrencies first peaked in early 2013 my first purchases were stored either in online wallets, or on scraps of paper hidden in my house, with the poultry value of my holdings there was little need for any scrupulous procedures, nor were there many other options. Eventually, my interest led me into mining, …

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Why The Litecoin Trademark Fight Matters

The Litecoin Association are in the process of wrestling the trademark for the Litecoin name in the European Union from an individual who attempted to trademark the name. While it appears that they likely will win their opposition, the case serves as a warning for all coin developers and communities: register your cryptocurrency’s name. The …

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Coinbase Adds Paypal, Credit Cards

Coinbase is adding PayPal support. The web wallet and payment processor will allow customers to sell Bitcoin and have it deposited into their PayPal account. They also announced their intentions to add PayPal buying support soon. The program is only available for US users and is limited as is technically in a “beta” phase. This is big …

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Reddit-Like Blockchain Powered Social Media Platform Sees 1,600% Growth

Blockchain-powered social media platform Steemit has seen its user base grow by 1,600% in its first month of operation. According to Steemit’s co-founder and CEO Ned Scott, traction is mostly coming from the cryptocurrency community who enjoys the inclusion of a financial incentive to social media. Ned Scott, CEO and co-founder of Steemit “Steemit brings …

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Slock.It Says ‘The DAO’s Journey is Over’

We emailed Slock.it to ask about the Blog post Stephen Tual posted indicating that the exploit that was eventually used to steal over 3 million ether from the DAO fund had been fixed. We mentioned this issue in our last article. They did not directly address that concern but did give us this statement, indicating …

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Ethereum’s DAO Gets Hacked for $60M, Hardfork to Come?

The cryptocurrency community’s first attempt at a Decentralized Autonomous Organization has hit a major road block: Theft. The DAO is under attack and had over three million worth of Ether in the form of DAO tokens put into a “Child DAO” under the hacker’s control. This is according to posts put on the DAOHub and …

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Keepkey Acquire Multibit & Announces Ethereum Support (Interview)

Cold storage is a must have for those looking to safely secure bitcoin. Originally, this involved less convenient processes such as storing private keys on a permanently offline computer, or more risky options such as storing keys on paper. Over the past few years, there’s been a gradual trickle of secure hardware wallets hitting the …

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NY DFS Grants BitLicense to Ripple XRP For Institutional Applications

Ripple has been granted a “BitLicense” to sell and custody XRP, the digital asset native to the Ripple Consensus Ledger, becoming the fourth company involved in the digital currency business to receive approval by the New York Department of Financial Services (DFS) to operate in New York. The company, which was granted an additional institutional …

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Peerplays to Innovate Ethereum with Sidechain for theDAO

DEBERT, N.S., June 10, 2016 – On May 31st, Peerplays introduced a proposal that asked theDAO stakeholders to consider contributing to the development of a fully blockchain-based gaming and tournament wagering network. “The amount of positive feedback we received in emails, messages and phone calls was very encouraging.” said Jonathan Baha’i, president of Bunkerchain Labs …

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MoneyGram Teams Up With Earthport To Use Ripple Tech for Remittances to Romania

MoneyGram, a global provider of money transfer and payments services, has partnered with Earthport to launch a new service that allows users to send money directly to any Romanian leu bank account in Romania. The new service aims at Romania’s US$3.2 billion inward remittance market and is part of MoneyGram’s plans to expand its network …

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Counterparty Announces Ethereum Virtual Machine for Smart Contracts Creation on the Bitcoin Blockchain

The Counterparty Foundation, the non-profit organization that has developed and which oversees the Counterparty protocol and ecosystem, has announced the Ethereum Virtual Machine (EVM) port which will provide users with the ability to develop and deploy Ethereum-style smart contracts on the Bitcoin blockchain. The EVM, set to be implemented within a month following additional testing, …

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Month: June 2016