Market Still in Good Position; Real Crypto Volume 2x Larger

Twitter Facebook LinkedIn In an interview on CNBC Crypto Trader hosted by Ran Neuner, Binance CEO Changpeng Zhao (CZ) stated that the crypto market and Binance are still in a good position even after nearly a year of downward price movement. Binance Maintaining Healthy Business Over the past 11 months, the cryptocurrency market has lost more than 70 percent of its valuation amidst the fourth biggest correction in its 10-year history. CZ stated that the volume of Binance is down nearly 90 percent since January due to the correction and…

Canadian Bank Set to Launch Uncheckable ‘Deposit Box’ for Cryptocurrency

A subsidiary of Canadian financial institution VersaBank confirmed it had finished beta testing of a “digital vault” for storing cryptocurrency in a press release Nov. 8. VersaVault, which announced its so-called “digital safety deposit box” in February, is aiming to attract crypto exchanges and funds as clients for the new tool. The product provides cryptocurrency storage on servers dotted throughout the world, the deposit box element lying in the fact the bank itself can neither brute force the digital ‘boxes’ nor know their contents. “While many are considering ideas and…

ConsenSys’ Kaleido, Amazon Web Services Launch ‘Blockchain Marketplace’ for Enterprises

ConsenSys’ blockchain startup Kaleido and Amazon Web Services (AWS) have launched a full-stack platform that helps enterprises implement blockchain solutions, according to a press release published Nov. 8. The platform, dubbed Kaleido Marketplace, reportedly “eliminates 80 percent of the custom code” needed to build a given blockchain project by providing an array of full-stack tools and protocols that are “plug-and-play,” spanning needs from back-end development to front-end app user interfaces. According to the press release, Marketplace clients can access native integrations with AWS cloud, as well as swiftly implement solutions…

Thailand to Legitimize First ICO ‘Portal’ via New Regulation, Says SEC Head

Thailand’s securities regulator will clear “at least one” Initial Coin Offering (ICO) “portal” to operate legally in November, local daily news outlet Bangkok Post reported Nov. 8. Speaking to the publication, Rapee Sucharitakul, secretary general of the Thai Securities and Exchange Commission (SEC) said that ICOs themselves could also start seeing official approval to serve Thai markets as soon as December. “At least one ICO portal will be certified in November, then we can approve each ICO offering, which might start in December,” he said. The confirmation marks the closing…

Bitcoin Cash Sides Clash as Hard Fork Looms

Ongoing drama surrounding the upcoming Bitcoin Cash (BCH) hard fork struck a personal note with the coin’s best-known figures Nov. 8, as Craig Wright evidently called Roger Ver his “enemy.” The hard fork, scheduled for Nov. 15, will likely see BCH split into two rival chains: Bitcoin Cash ABC, favored by Ver, and Bitcoin Cash SV, authored by Wright’s nChain. The split comes as a result of Ver and Wright, among other figures attached to BCH, disagreeing over the coin’s future, with those disagreements becoming increasingly public and strongly-worded in…

U.S. Law Firm Files Claims Against AT&T, T-Mobile Over SIM Swap-Enabled Crypto Thefts

  U.S. crypto investor law firm Silver Miller has filed arbitration claims against telecoms giants AT&T and T-Mobile for “SIM-swap”-related thefts, according to a press release published Nov. 8 SIM-swapping – also known as a ‘port-out scam’ – involves the theft of a cell phone number in order to hijack online financial and social media accounts, enabled by the fact that many firms  use automated messages or phone calls to handle customer authentication. According to one of the (partially redacted) Silver Miller Statement of Claim documents – filed against AT&T…

Bitcoin Trailblazer Jeff Garzik Says Bitcoin ‘Unquestionably a Success’ as Store of Value

Bitcoin (BTC) pioneer Jeff Garzik has said that while the leading cryptocurrency may not have evolved into a means of payment as he first envisaged, it is still “unquestionably a success” as a store of value, in an interview with Bloomberg Nov. 9.    Speaking soon after Bitcoin’s 10th anniversary, Garzik – reportedly the “third-biggest contributor” to Bitcoin’s code and one of Bitcoin creator Satoshi Nakamoto’s key collaborators – told the publication: “It hasn’t evolved in the direction of high-volume payments, which is something we thought about in the very…

Scaling-Focused Blockchain Platform MultiVAC Claims ‘Breakthrough in Sharding’

Blockchain platform MultiVAC has claimed it has reached a “breakthrough” in the blockchain scaling technology sharding, according to a press-release Nov. 5. According to the company’s release, MultiVAC reported achieving 30,784 transactions per second (TPS) using 64 shards. While the total amount of transactions for all shards used exceeded 30K at its peak, a single a shard was claimed to reach 533 TPS. MultiVAC also claimed in the release that their “all-dimensional sharding expansion solution” could potentially be used for large-scale commercial applications, as well as for crypto mining on…

Drug Barons, Rogue States and Terror Groups Use Banks – Can Blockchain Stop Them?

  Scathing reports by regulators have accused traditional banks of inadvertently helping “drug kingpins and rogue nations” – enabling them to commit money laundering, make questionable transfers and evade economic sanctions and taxes. It is a problem that dates back decades. Indeed, an article in The New York Times from 1989 estimated that $100 billion in revenues from cocaine sales in the US alone were ending up in the hands of a violent drug cartel in Colombia. The advent of electronic wire transfers was to blame, with one politician warning:…

Malaysia’s Education Ministry Sets up University Degree Verification System via Blockchain

The Ministry of Education (MoE) of Malaysia is establishing a University Consortium to combat degree fraud using blockchain, the ministry announced in a tweet Nov. 8. According to the ministry’s tweet, the system is designed to issue and verify the authenticity of university-issued degrees. The new government-backed consortium will initially be comprised of six public universities and their diploma-verifying system is set to operate using the NEM (XEM) blockchain. According to the ministry, the new system was developed by a team led by a professor from the International Islamic University…