Lloyd Blankfein, the CEO of Goldman Sachs, one of the biggest investment banks in the global finance sector valued at $87 billion, has criticized skeptics that believe Bitcoin and cryptocurrency do not have a future. Open-Minded and Forward Thinking Since early 2017, Blankfein has stated that he is not yet convinced the cryptocurrency market has […]

By Albert Williams Stock and crypto trading app Robinhood plans to offer banking services to its 4 mln users, Bloomberg reported June 20, citing anonymous sources. Robinhood, which in February began allowing zero-fee cryptocurrency trading through its Robinhood Crypto tool, is currently in “constructive” talks with the U.S. Office of the Comptroller of the Currency (OCC) to position itself as a banking services provider. […]

The rise of blockchain technology is fueling demand in relevant skill sets, with institutes and countries around the world launching educational initiatives. The latest to introduce such a program is the Indian state of Tamil Nadu. In collaboration with American technology giant IBM, India’s National Programme on Technology Enhanced Learning (NPTEL) launched a 12-week online course on blockchain architecture, […]

Add Akon to the list of celebrities who are launching their own cryptocurrencies. The 45-year-old “Smack It” singer announced Monday at Cannes Lions International Festival of Creativity that he not only is launching his own crypto, “Akoin,” but also will use it in his Akon Crypto City, a 100 percent crypto-based city in Africa. First […]

Cryptocurrencies are already used to pay college and university tuition fees, buy Lamborghinis, and pay for space travel. Now you can also assist in protecting journalists and whistleblowers by donating to the Freedom of the Press Foundation (FPF) using bitcoin, ethereum, bitcoin cash, litecoin, and zcash. The donations will support current projects of the free speech nonprofit […]

Bitcoin price formed a key bottom above USD 6,400 and jumped sharply. Ethereum, Ripple and other major altcoins moved into the green zone. FCT, ETC, SYS, Tron, ONT and many other coins registered decent gains. Bitcoin price was able to form a base around the USD 6,400 pivot level for an upward move. BTC/USD climbed […]

“Consensus by conference call” — that’s how one critic characterized the on-chain governance model employed by the nascent EOS network in the wake of several high profile incidents involving block producers. Most recently, the network’s 21 block producers — organizations who verify transactions and validate blocks — froze seven EOS accounts allegedly belonging to thieves who had […]

Have modern internet companies gone too far? According to mathematician and Blockstream research director, Andrew Poelstra, the answer is unequivocally yes. In his view, companies are simply now vacuuming up troves of customer data, which they then sell to others without the owner’s knowledge or benefit. (Think how Instagram owns user images, or Target acquires huge amounts of data on […]

Bitcoin mining, the process of creating new units of the cryptocurrency, is notoriously a huge energy-suck. One estimate puts its carbon footprint on par with the electricity consumption of more than 159 countries combined. But the inefficiency of minting new units of the blockchain-based digital currency is only one complaint that skeptics of its utility have flagged. In […]

We were promised a global financial and industrial revolution. We got a mango tracker. Three years since enterprises started exploring the possibilities in blockchain, it’s perfectly understandable to be disappointed with what we’ve got so far. But believe it or not, the seemingly banal applications for blockchain we’re seeing, from food traceability to software licenses, […]