Big data is big money, and corporations such as Google and Facebook have made billions out of your personal information. Medical and genetic data is worth even more, and companies may be profiting from it whenever you take a genetic test. The solution in giving people back control over their genetic and DNA data is the blockchain. According to reports, consumer genetic testing saw unprecedented public demand last year. Companies, such as AncestryDNA, carried out
Ellcrys is an up and coming blockchain network that aims to revolutionize the way developers work together. In addition to trying to revitalize collaborative efforts, the company has an ICO that promises to make the mining and distribution of its native cryptocurrency fairer and more accessible. A Growing Problem Technology has infiltrated every part of our everyday lives leading to a surge of products and services and, along with it, the demand for people to
The cryptocurrency community is celebrating what may have been the first ever transaction on the Bitcoin Lightning Network’s (LN) mainnet. Additionally, the good news is that the Bitcoin payment operation was, “instantaneous and fee-free.” LN Transactions Prove to be Cheap and Faster The cryptocurrency community is becoming increasingly enthusiastic about the LN implementation because it promises to significantly lower Bitcoin’s transaction fees while making possible near-instant transactions. Social media is humming with news references to
As more people pile into cryptocurrencies, the need for secure storage of them will escalate. At the moment, there are only a handful of companies providing hardware wallets for Bitcoin and altcoins. Currently, those looking for such wallets are increasingly finding shelves are empty of stock amid increasing demand. Blockchain security company Ledger announced yesterday that it has secured $75 million in investments to facilitate upscaling its operations to cope with higher demand. In a
The joint venture aims to revolutionize the global shipping industry with blockchain technology at its heart. IBM, in partnership with Maersk, is launching their own blockchain based solution to the complex world of the global shipping trade, the joint company the two giants have formed is so far unnamed. The aim of the initiative is to simplify the complex process of transporting goods across the worlds myriad of disparate trade zones. The system, based on
Dubai is already running pilot programs in a few government departments but hopes to implement 20 blockchain-based initiatives in this year. Dubai is making good on its nickname as the ‘City of the Future’. Its government had previously formed Smart Dubai, an agency created with the aim of making Dubai the most technologically advanced, and smartest city in the world. Part of that journey is to include blockchain-based services into a number of sectors. Both
Hard disk maker Seagate’s stock has risen up to 12% after a report surfaced claiming the company may hold several billion dollars worth of Ripple’s XRP. The report has not been confirmed by either company. Seagate is best known for their hard disks, offering data storage solutions for a wide range of consumers. A new report, however, suggests the company may soon be known as an early investor in Ripple’s XRP and a pioneer in cryptocurrency.
A Canadian greenhouse and fish farm is utilizing the waste heat generated by Bitcoin mining to complement its operations providing evidence of a sustainable way to mine Bitcoin in the future. A St. Francois Xavier-based Bitcoin mining operation with a greenhouse and fish farm is leading the way in terms of sustainable energy. The company based just west of Winnipeg in Manitoba, Canada is the brainchild of owner Bruce Hardy, who is aiming to create
Mark Zuckerberg just announced that Facebook wants to find out how cryptocurrencies could integrate into its platform. The role of Facebook in all of our lives is different. Some are regular users of the platform, using it to catch up on activities of friends and family. Others are frequent contributors, sharing their day to day with anyone that will listen. Many businesses and media outlets employ Facebook as a direct route to customers and clients.
As the digital horse race for the Next Big Thing in blockchain heats up, more and more companies are getting on the bandwagon to launch their revolutionary concepts and ICOs. SingularityNET is a decentralized marketplace for artificial intelligence, and it may well have the record for the fastest selling ICO ever. According to reports, the ICO was sold out within 60 seconds of going public, raising $36 million for the company behind the ambitious project.
The popularity and resultant price surge of Bitcoin and its ilk will become a magnet for cybercrime and hackers vying to get an illicit profit from it in 2018. The price to be paid for the success of cryptocurrencies is the tsunami of crime and malevolent activity that will follow. In many cases, the crime wave has already begun. According to reports earlier this month, the SEC announced that it had shut down the Plexcoin ICO for
Belarus might not be the first country that springs to mind when you think about a blockchain and crypto hub, but if its president, Alexander Lukashenko, has his way, that’s exactly what it will become. Even though digital currencies have been firmly placed in the spotlight in 2017, blockchain technology has also been right up there in the popularity polls. It may be most well known for being the underlying technology supporting Bitcoin and other
It has been a busy week for popular peer-to-peer lending platform RCN. From announcing new strategic partnerships to upgrading key systems on its platform, RCN is working hard to deliver the best possible services and features to its users. RCN Announces Decentraland Partnership Earlier this week, RCN announced their new partnership with Decentraland, the blockchain-based virtual reality platform where users can acquire virtual land to create and monetize their content. In addition to exploring and
Although Bitcoin has managed to gain credibility and legitimacy in the financial world, skyrocketing transaction fees and long transaction times are becoming an increasingly severe handicap. The good news is that developers are making progress towards the Bitcoin Lightning Network (LN) implementation. LN promises to reduce Bitcoin’s transaction fees dramatically, and achieve near-instant transactions. You can test a Bitcoin LN transaction right now. Lightning Network Promises to Reduce Transaction Costs and Confirmation Delays Bitcoin users
The Lightning Network has been years in the making, with the original whitepaper being published in January 2016. Finally, the top independent development teams have announced that their implementations have completed the first tests on the main Bitcoin network. The Proof of Concept We’ve Been Waiting For The three teams currently working on independent Lightning Network implementations have announced that their respective systems have completed payments on the main bitcoin network. Along with this, its
The Massachusetts Institute of Technology has embraced blockchain technology to usher in a new era of digitized academic diplomas. Blockchain may be most well known for being Bitcoin’s supporting technology, but it can offer so much more. This decentralized network provides its users with immutable records and security, showing businesses over a range of industries how beneficial it can be for them. This is because each transaction, or block, on this distributed database is encrypted and
The Coinbase app has been trending at #1 on the Apple app store, coming as Bitcoins price nears $10,000 just after the American Thanksgiving weekend. Trending Searches are the most popular searches made in the Apple App Store and the data can be used to extrapolate what is on the minds of a broad range of Apple device users – no prizes for guessing, it’s Bitcoin, specifically Coinbase’s Bitcoin wallet app. With Bitcoin’s price pushing
Many hackers and scammers are currently targeting individuals and companies that have cryptocurrencies on their systems. One of the most secure methods to store digital currencies is a hardware wallet. But most of the hardware wallets do not support usage for blind people – until now. Securing your Bitcoins More and more people are becoming victims of sophisticated hacking attacks that are mainly targeting their cryptocurrencies. There are many different ways in which users can store
Baidu to launch a service offering PC owners the ability to rent out their spare computing power to others, bringing Bitcoin mining as a potential use. The Chinese internet search engine giant Baidu has announced that they will be launching the PC renting service, named Baidu Jinkuang, to allow other users to take advantage of unused PC resources such as RAM, Harddisk space, GPU’s, CPU’s and also Broadband bandwidth. The name JinKuang translates to appropriately enough
Blockchain-powered global ad exchange AdEx announced today that they have entered into an exclusive partnership with Ink, the world’s leading travel media company. About Ink Ink is the world’s biggest travel media company with an audience reach of over 775 million passengers annually. They offer opportunities for advertisers to connect with a global audience through in-flight magazines, mobile devices, and other digital, print, and video media products. They work with some of the world’s most
Literally millions of people have joined the world of cryptocurrencies recently. For example, Coinbase, one of the biggest cryptocurrency exchanges, has added around 2 million new clients within two months. Blockchain.com, the major electronic wallet, found its client base increase by 1.8 million during the same time frame. Most of these people are newbies, unacquainted with security issues and risks that surround complex but currently profitable cryptocurrency realm. This makes them easy targets for cybercriminals
The website for Ultimate Fighting Championship (UFC) is the latest victim of the Coin Hive malware that secretly mines for Monero cryptocurrency. In the world of sports, few things are as hot as Ultimate Fighting Championship (UFC). Millions tune in to watch bouts of modern day gladiators using a wide variety of fighting styles. Yet even the martial prowess of the UFC cannot keep them from being the victims of malware. The Register recently reported
Bitcoin’s price sustained its spectacular momentum by remaining within its all-time high range during the week ending October 27, 2017. At the same time, the Dow Jones rose for the seventh straight week, fueled by technology stocks. Among these stocks, Nvidia, a Bitcoin and Ethereum mining device maker, was the strongest. Bitcoin Remains the Best Performing Currency Bitcoin remains the best performer and the unchallenged leader among fiat and other digital currencies by staying within