Two Major Russian Banks Are Testing Cryptocurrency Portfolios

Two major Russian banks, Sberbank and Alfa-Bank, are testing cryptocurrency portfolios for private clients, according to a local news outlet. The two financial institutions will be offering its customers shares in a fund in which Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and EOS will be traded on cryptocurrency trading platforms such as Kraken and BitStamp. Each quarter, … Continue reading Two Major Russian Banks Are Testing Cryptocurrency Portfolios

What’s the Difference Between the ETH and EOS Cryptocurrencies?

Knut Andre, cryptocurrency investors with years of experience and a graduate student that studied business and international economics, answers the question on Quora: What's the difference between the ETH and EOS cryptocurrencies? Chapter 1: What is a smart contract? For those who are very new to the ideas of cryptocurrencies and blockchain technology, it is first of … Continue reading What’s the Difference Between the ETH and EOS Cryptocurrencies?

What is the Bitcoin Lightning Network and Its Benefits?

Abhishek Singh, the Program Director at Blockchain Semantics answers the question on Quora: What is the Bitcoin Lightning Network and Its Benefits? The Lightning Network is a decentralized system for instant, high-volume micropayments that remove the risk of delegating custody of funds to trusted third parties. The lightning network aims to solve the problem of … Continue reading What is the Bitcoin Lightning Network and Its Benefits?

Coinrail Exchange Hacked For $40 Million

The South Korea-based Coinrail exchange was hacked, which resulted in a loss of approximately $40 million, reported Coindesk on June 11. The trading platform has suspended its services after it suffered from a "cyber intrusion," resulting in a range of ERC-20 based tokens stolen from the exchange. Coinrail only announced some of the tokens that were stolen … Continue reading Coinrail Exchange Hacked For $40 Million

Baidu Launches a Blockchain Game

Baidu, a China-based search giant, expressed that it launches a blockchain game dubbed Du Yuzhou meaning "The Universe" in literal translation, reported Coindesk on June 8. The game is powered by blockchain and users will receive "elements" to build their own planet by participating in the game. The elements are comparable to tokens generated by a blockchain … Continue reading Baidu Launches a Blockchain Game

What is Ethereum? | The Ultimate Beginners’ Guide

This article was written by Alex Moskov, the Editor-in-Chief of CoinCentral. Alex also advises blockchain startups, enterprise organizations, and ICOs on content strategy, marketing, and business development. He also regrets not buying more Bitcoin back in 2012, just like you. What is Ethereum? The Ultimate Beginners Guide With the second largest market cap in the cryptocurrency … Continue reading What is Ethereum? | The Ultimate Beginners’ Guide

‘If the ICO Bubble Burst, It’s a Good Thing For the Industry,’ Says Head of Binance Labs

Ella Zhang, the head of Binance Labs in charge of investing $1 billion in blockchain-related companies said that "if the ICO bubble burst, it's a good thing for the industry," reported Bloomberg on June 4. Zhang joined Binance less than two months ago and is optimistic concerning the future of cryptocurrencies. She said, "We’d like … Continue reading ‘If the ICO Bubble Burst, It’s a Good Thing For the Industry,’ Says Head of Binance Labs

Coinbase’s Japanese Subsidiary CEO Was Named

Nao Kitazawa will serve as the new chief executive officer for Coinbase's new Japanese subsidiary, reported Coindesk on June 4. In 2016, Coinbase announced that it would open its service in Japan after a $10.5 million investment from a group, which included the Bank of Tokyo and Mitsubishi UFJ Capital. Kitazama is the former COO of Money Design, an … Continue reading Coinbase’s Japanese Subsidiary CEO Was Named

“Only Bitcoin is Pure Digital Gold…and I Totally Buy Into That.” – Steve Wozniak

Steve Wozniak, Apple co-founder, is supporting and a big believer in bitcoin, even if he has not invested into it, reported Coindesk on June 5. Wozniak expressed that he was backing what the Square and Twitter CEO Jack Dorsey mentioned during CoinDesk's Consensus 2018 conference in New York when he explained that he hopes bitcoin becomes the internet's … Continue reading “Only Bitcoin is Pure Digital Gold…and I Totally Buy Into That.” – Steve Wozniak

SBI Launches Its Own Cryptocurrency Exchange

The Japan-based financial giant SBI Holdings announced that it launches its own cryptocurrency exchange, which has been delayed due to security concerns, reported Coindesk on June 4. This announcement makes SBI' cryptocurrency trading platform the first ever in Japan to be backed by a financial institution. The crypto exchange called VCTRADE is now open only … Continue reading SBI Launches Its Own Cryptocurrency Exchange