• Market Cap: $266b

  • Oct 16, 2024

Read latest and exclusive news on cryptocurrency and blockchain on a daily basis. Our team summarizes the news stories in a concise and straightforward language so that even the beginners can follow through.

Blockchain in Banking: How Implementing Blockchain Technology Can Help Banks Reduce Costs

Banks can benefit from a proper implementation of the blockchain tech: Here's a look at multiple studies which show how blockchain in banking can help banks.

Steve Bannon Backs Cryptos, Calls Them ‘Revolutionary’ and ‘Disruptive’

Bannon, who has backed cryptocurrencies by calling them revolutionary and disruptive, is expected to enter the cryptocurrency investments and ICO markets soon.

Unsecured Nodes Lead to $20 Million Worth of Ethereum Being Stolen in 3 Months

Reports indicate that hackers have made use of unsecured nodes to steal as much as $20 Million worth of Ethereum (ETH) over the past three months.

New Walmart Patent Talks About Crypto-Powered Electrical Grid

Walmart’s latest patent talks about a cryptocurrency powered energy consumption management system. The patent talks about an on-demand electric grid.

Canada Issues New Draft Regulations For Cryptos

A new Know Your Customer (KYC) limit is also proposed to be set at transactions of $1000 CAD.

Korea Federations of Banks to Launch Blockchain-Based ID Verification Platform

The current system is reportedly complex, inconvenient and based on redundant technology.

Everybody Can Take Advantage of the World Cup with 1xBit

The 2018 FIFA World Cup that will take place in Russia later this month is the perfect occasion for everyone to celebrate, meet with friends and just enjoy the quality time and thrills provided by this international event. 

Ex-FDIC Chair Advises Fed to Consider Digital Currency

It would be as stable as traditional fiat currency while reducing the risk of financial crises and improving monetary policy tools.

Quantstamp in Trouble: Buyers Say Faith Shaken In $65 Million Token

The issue is Quantstamp’s acceptance of U.S dollars and Ether instead of its token QSP which was used to raise around $30 million in ICO last November.

Sequoia Capital Helps Bitmain Raise $400 Million in Pre-IPO Funding

In what appears to be a pre-IPO funding, Bitmain has raised $400 Million - thanks to a major funding from Sequoia Capital. Bitmain is now worth $12 Billion.