In a bid to lower the barriers to mainstream adoption of blockchain technology, professional services giant Ernst & Young (EY) has launched a solution that it claims will allow companies to transact privately on Ethereum’s blockchain using zero-knowledge proof (ZKP). Dubbed the EY Ops Chain Public Edition (PE), the solution will reportedly allow enterprises to…
Binance has frozen multiple accounts associated with the cryptocurrency exchange Wex, citing money laundering concerns. The CEO of Binance went on Twitter recently to announce the freezing of multiple accounts owned by Wex, claiming that Binance will cooperate with law enforcement in any way possible should a criminal investigation result from alleged money laundering. Wex,…
Agents of the Indian government have met to formally discuss a possible ban on private cryptocurrency holdings in the nation. On October 30, 2018, the Financial Stability and Development Council (FSDC) issued a press release detailing their recent meeting where they “reviewed the current global and domestic economic situation and financial sector performance.” The council…
Happy Birthday, Bitcoin! Bitcoin is turning ten, and like many of us, I feel like a proud parent, having watched it grow into its potential over the years. I guess I’m the estranged father in prison though, who can’t be there to help raise his kid. Bitcoin: Mommy, when’s Daddy coming home? Mommy: He’ll come…
On October 30, 2018, Storj Labs released a public alpha for their version 3 (V3) platform — enabling developers and companies to test their decentralized cloud storage solution. The team also shared an updated white paper featuring their latest research on decentralized and distributed systems in cloud storage. Decentralized Cloud Storage Refresher Decentralized cloud storage…
Assets of all stripes have long been recognized for their value in building wealth, paying debts and meeting both short- and long-term commitments. But now, with the exponential growth of computing power and big data, the value of strictly digital assets has all but eclipsed the traditional physical assets that were long the cornerstone of…
Civic has entered into a tripartite agreement with cybersecurity protection solution company, Rivetz, and Telefonica’s cybersecurity unit, ElevenPaths, to provide secure identity verification that incorporates added hardware protections for mobile users. With presence in five countries, Civic uses blockchain technology to secure and protect the transfer of personal information, while allowing people to decide how…
Galaxy Capital-backed BlockFiis taking its loan services to the global stage. According to a statement shared with Bitcoin Magazine, the platform is expanding its services to an international audience. This expansion will add to its offerings in 46 states of the United States, something that required “quite a bit of work,” according to CEO Zac…
On the latest episode of Season 2 of Distributed Dialogues, the hosts took a deep dive into the state of political repression in the People’s Republic of China. Interviewing experts and dissidents at the Oslo Freedom Festival, this thorough examination of Chinese political life combines insight and research with the real, lived experiences of people…
Popular cryptocurrency exchange Coinbase has raised a fresh $300 million in a Series E financing round, bringing the company valuation to $8 billion. Coinbase plans to use the funding to “accelerate the adoption of cryptocurrencies,” as it plans to remain the “entry-point into crypto” for millions of investors, according to a published blog post. The…