Blockchain technology has the potential to radically alter many aspects of American urban and civic life, making the country more democratic and increasing access to services for the most vulnerable citizens.
This is the assessment of Brooks Rainwater, Director of the Center for City Solutions and Applied Research at the National League of Cities (NLC). According to the NLC ‘Blockchain in Cities’ report, the city of Austin, Texas is the site of the first of a series of exciting new experiments that seeks to test out the effectiveness of the blockchain as a means of delivering municipal services and solving ease of access problems. The project in Austin aims to increase access to services for its most vulnerable people while giving service providers enhanced access to their information.
Continue reading The Great Equalizer: How Blockchain Can Be A Game Changer For American Cities
The Chicago Board Options Exchange (CBOE) President Chris Cocannon has stated that as a result of the SEC’s recent decision that Ethereum is not a security, the Exchange is now open to the possibility of trading ETH futures.
Speaking earlier in the week, Concannon revealed that the CBOE, which has been interested in the ETH Futures market since December 2017 may likely begin to offer ETH Futures contracts alongside Bitcoin Futures contracts which are already traded on the Exchange.
Continue reading CBOE President Says ETH Futures Now Possible Following SEC Pronouncement
The US Patent and Trademark Office (USPTO) has awarded a patent to Walmart for the project of development of cryptocurrency powered on-demand electrical grid.
The American multinational retail corporation, operating an enormous chain of hypermarkets and grocery shops, applied for the patent in December 2017.
Bentonville, Arkansas-based retail giant plans to use the system to assist companies in managing their energy consumption through the use of digital currency.
Continue reading Walmart Receives Patent for Crypto-Powered Electrical Grid
Searches for “Bitcoin” keyword still hold more sway on Google than those for popular singer Beyonce, even at the time when the cryptocurrency sees its value plummeting. This is an observation made by Brian Kelly, founder, and CEO of Brian Kelly Capital, who recently appeared on CNBC’s “Futures Now” to comment on the recent events that rocked the cryptocurrency world.
Continue reading Bitcoin Still Beats Beyonce in Popularity
Cryptocurrencies are enjoying a covert boom in Africa, making the continent a leader in the ongoing financial revolution. This year, crypto enthusiasts accounted for more than US$40 million in monthly transactions on Paxful cryptocurrency marketplace. Interestingly enough, more than 50 percent of the proponents of cryptocurrencies are under the age of 30, making the younger generation both the early adopter of cryptos and a group that promotes their use as a way to combat inflation and the unfavorable geographical obstacles in their countries.
Continue reading Cryptocurrencies Are a Cure for African Economic Ills
EOS blockchain was scheduled to go live on June 9, 2018, at 1300 hours after receiving a ‘Go’ vote from block producers on June 8, 2018. Though it has not been confirmed just how successful this launch was, it is no in doubt that the entry of this new blockchain will have a significant impact on the cryptocurrency market.
EOS launched just a week after its creator, Block.one rolled out version 1.0 of the EOSIO blockchain software. This software allows community-driven and enterprise level businesses to create blockchain applications that are scalable.
Continue reading EOS Blockchain Launches: How will this New Network Compete with Ethereum’s Decentralized Apps?
Coinbase, the number one cryptocurrency exchange platform in the U.S. has scored another significant accomplishment as it continues its rapid expansion push. The popular platform has acquired Keystone Capital, a California-based financial services company. Coinbase announced the deal on June 6, 2018, via a post on the company’s Medium account. It is the latest in a series of high profile moves by the company. The acquisition of Keystone puts Coinbase in a position to become more than a cryptocurrency exchange platform.
Continue reading Coinbase Continues Expansion Push, Acquires Keystone Capital – Set to Become Regulated Broker-Dealer
GMO Internet, the Japanese IT behemoth has unveiled its new Bitcoin ASIC miner that uses a 7nm chip. The hardware is touted as being a “from-the-ground-up” Bitcoin mining rig designed in Japan but built in Taiwan. The launch of the miner is another feather in the cap of GMO Internet as it solidifies its position in the Bitcoin market. The company has in recent years expanded from its IT roots to be a major player in the Bitcoin mining arena. Recently, the firm announced the launch of its Bitcoin-based rewards system for mobile gaming.
Continue reading GMO Internet Unveils its New 7nm Bitcoin Mining Hardware
Apple co-founder Steve Wozniak seems to be on the path of Bitcoin maximalism. Over the years, his views on the number one cryptocurrency seem to have become more favorable. Despite falling victim to fraudsters in the space and having only one Bitcoin left, the man affectionately called “Woz” is declaring his belief in the potential of Satoshi Nakamoto’s creation. By so doing, Wozniak is becoming part of a select group of notable figures in business and finance who think Bitcoin is the next big thing.
Continue reading Wozniak on the Path of Bitcoin Maximalism