The price of bitcoin has surged to $8,200 over the past 12 hours, surpassing $8,300 at its daily peak, bringing the valuation of the crypto market to $300 billion. Bitcoin Cash, ether, Ripple, EOS, and Stellar increased by 2 to 6 percent, while some cryptocurrencies like Zcash recorded an 11 percent increase in value. Tokens … Read more
ConsenSys will help China build a “next generation smart city” in Xiongan by consulting on blockchain tech applications. China’s Xiongan New Area government has signed a Memorandum of Understanding (MoU) with ConsenSys to bring blockchain technology to the “smart city,” the South China Morning Post reported July 23. ConsenSys, a blockchain software technology company focusing … Read more
KT Corp may only be the second-biggest mobile carrier in South Korea, but the telecommunications firm is reportedly the first in the world to launch a blockchain-based commercial network. According to The Korea Herald, KT Corp’s blockchain network will initially have the capacity to handle 2,500 transactions per second. Before the end of 2018, however, … Read more
Honeyminer’s downloadable app isn’t the most profitable way to mine cryptocurrency, but it may be one of the easiest methods to date.
Singapore Airlines, one of the world’s leading and best-rated airline operators, has launched KrisPay – a digital blockchain wallet that allows frequent fliers to convert airmiles into digital currency. Announced on Tuesday, the digital wallet app will be accessible for users of the airline’s ‘KrisFlyer’ frequent flyer program and will use blockchain technology to enable … Read more
The second largest mobile carrier in South Korea has launched its own blockchain network and aims to apply the tech across several sectors.
A Hong Kong-based investment firm is planning to launch a new crypto-custody service to address the growing interest from institutional clients, and we’ve covered the story in today’s Bitcoin in Brief. Also in The Daily, billionaire Mike Novogratz expects an influx of institutional investors into the crypto space; a new survey claims 30 percent of … Read more
The Libertarian Party gubernatorial candidate for Wisconsin will accept BTC donations, even as the Ethics Commission deliberates on its legality. The Libertarian Party candidate for Wisconsin governor will accept Bitcoin (BTC) donations despite the state’s Ethics Commission’s finding them a “serious challenge” to compliance with state law, local news agency the Milwaukee Journal Sentinel reported … Read more
Technology investment firm Jabbar wants to be a giant with the launch of Kambio Ventures, a London-based blockchain-enabled marketplace for tokenised asset-backed securities. The new firm follows the sale of Jabbar’s portfolio e-commerce company Souq to Amazon in late 2017 for more than $600 million. Samih Toukan, Jabbar partner and Kambio Ventures founder, says: “The … Read more
Xinjiang Uyghur, an autonomous region in northwest China, has warned local Bitcoin mining enterprises to close their operations before August 30, 2018. Chinese news outlet Jinse published the notice posted by the Xinjiang Economic and Information Commission on July 21. These mining companies will also have to report to the commission. As explained in the notice, one of the … Read more