What Is Known About The New Ethereum’s Network Upgrade?

On May 8, developers released a planned improvement to Ethereum’s network – a new version of the code of Casper. Hybrid Casper Friendly Finality Gadget was introduced to move network away from mining-related problems, as “excessive energy consumption, issues with equal access to mining hardware, mining pool centralization, and an emerging market of ASICs”, the ultimate goal being to move the network from a PoW to a PoS system. Let’s see what is known about “possibly the most significant” change to the network to date, according to Ethereum News. Energy…

NY Consensus Conference Day 1

NY Consensus Conference Day 1: Blockchain Week has begun with great enthusiasm for both technology enthusiasts and businesspeople around the world. Expectations have been met, and even exceeded in some cases. One of the main events of this week that seeks to raise awareness about the blockchain world and the benefits it represents for the community is the NY Consensus Conference. An event organized by Coindesk that has earned a reputation as the most significant festival dedicated to blockchain technologies around the world. According to CNBC figures, the event registered…

‘Smart eCard’ Stores 30 Crypto Accounts, Credit And Debit Cards In One Place

Buying a bottle of water quickly and spontaneously using cryptocurrency is still a massive challenge, but the company behind a new ecosystem says its technology will make it easy for crypto holders to use their funds for everyday purchases – all without creating a headache for merchants. FuzeX has created a smart eCard that enables shoppers to store up to 15 cryptocurrency accounts, 10 debit or credit cards and five reward accounts in one place. Buttons integrated into the eCard allow users to decide which account they want to use…

HTC Reveals Plans To Launch Blockchain-Powered Smartphone

Consumer electronics corporation HTC has unveiled “the first native blockchain phone”, HTC Exodus, which will launch with support for multiple blockchains, including Bitcoin (BTC) and Ethereum (ETH) networks, PCMag reported May 15. HTC Vive creator Phil Chen announced the forthcoming project at the Consensus conference in New York City today. Chen highlighted that the upcoming phone will support “multiple blockchain protocols,” such as Bitcoin, Ethereum, Lightning Network (LN), and Dfinity network. He said the company’s mission is to support the entire blockchain ecosystem in order to “help underlying protocols expand…

European Central Bank’s Mersch Says Banks Should ‘Segregate’ Crypto Trading

European Central Bank (ECB) board member Yves Mersch has said that banks should “segregate” their dealings in cryptocurrencies from other activities, Reuters reported May 14. Reuters quotes Mersch as raising concerns over the high volatility of crypto markets, emphasizing that digital tokens “do not qualify as money,” and that their issuers, as well as dealers, exchanges, banks, or clearing houses, should be regulated. Mersch reportedly noted that even at its peak market capitalization in January 2018 –  which Mersch mistakenly reports as $432 bln rather than the actual $800 bln…

Bitcoin Cash Hard Fork Increases Block Size, Reactivates Op Nodes

A Bitcoin Cash (BCH) upgrade that will both increase block size from 8MB to 32MB and add or reactivate Bitcoin script operation codes (Op codes) has been activated today, May 15. The hard fork used the Median Time Past (MTP) for initiation, going live on next block after the MTP timestamp of 1526400000 at 16:14 UTC. Bitcoin ABC, a Bitcoin Cash full node implementation, posted on April 1 that the Bitcoin ABC 0.17.1 full node upgrade testnet was available, noting that all BCH full nodes needed to upgrade and that…

US Prosecutors Indict Three Co-Founders Of Floyd Mayweather-Backed ICO For Fraud

The three co-founders of cryptocurrency startup Centra Tech have been formally indicted for running fraudulent ICO, according to a statement May 14 from the U.S. Department of Justice. According to the four-count indictment issued by the U.S. District Court in Manhattan, all three Centra Tech co-founders Sohrab Sharma, Robert Farkas, and Raymond Trapani are being charged with securities fraud, wire fraud and two conspiracy counts. Centra Tech’s Initial Coin Offering (ICO) raised $32 mln from investors in 2017. The Florida-based defendants had misled investors by falsely claiming that their company…

IBM and Stellar Join Forces

The IBM made waves in the crypto market today. To top it off, the International Business Machines Corp. took Stellar along with it for the ride. IBM and Stellar have teamed up, with IBM issuing a token using a public blockchain.  IBM and Stellar This is IBM’s first time issuing a token using a public blockchain. Which blockchain, you ask? The Stellar blockchain, of course! IBM and Stellar have also been working alongside Veridium, a carbon credits startup, to develop the token. The crypto token’s name is “Verde.” At Consensus…

Crypto Exchange Coinbase Goes After Institutional Investors | CNBC

Coinbase announced the launch on Tuesday of four new products aimed at that investor class: Coinbase Custody, Coinbase Markets, The Coinbase Institutional Coverage Group and Coinbase Prime. » Subscribe to CNBC: http://cnb.cx/SubscribeCNBC About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Find CNBC News on Facebook: http://cnb.cx/LikeCNBC Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC Follow CNBC News…