Thu, March 28, 2024

Cryptocurrency

Block Chain: The Bitfury Group sign on a modern smartphone.

Bitfury Group Block Chain Pilots AI Division

In a news report interview, the company’s top official indicated that the Bitfury Group, a European block chain company, was recently valued at more than $1 billion. It has also launched its artificial intelligence (AI) division. The AI division will function together with the Bitfury’s current blockchain services and will remain part of the company. …

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China bans cryptocurrency-related services

People’s Bank of China Ready to Launch Digital Coins

Earlier, a senior central bank official said over the weekend, China’s sovereign digital coins are “essentially ready”. It was after the country pushed through with virtual asset plans that compete with the likes of Facebook’s Libra. In addition, China is looking forward to launching an independent crypto coin that could be used as an alternative to cash. …

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bitcoin concept netcoin allows to buy crypto directly

Netcoins App Enables Direct Fiat Purchase of Altcoins

A new crypto-buying portal, Netcoins, is allowing users to buy more than 20 cryptocurrencies and altcoins using fiat directly. Netcoins, which is the Canadian company that created the app, says the recently launched service is operational 24/7 online. This helps to delivery real-time transaction without delays. The Netcoins team says its offering stands out from …

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Inside indian business

IDRBT Issues Strategy for Blockchain Adoption in India

India Institute for Development and Research in Banking Technology (DRBT) has published a blueprint on blockchain implementation in the banking sector, according to an Indian local newspaper. IDRBT was established by the Reserve Bank of India (RBI) in 1996 with the mission to conduct research and experiments in the banking sector. The organization is reportedly …

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Crypto news

$16 Million Stolen from Cryptopia in Recent Hack

As much as $16 million worth of Ethereum (ETH) and ERC20 tokens were stolen in the recent hack of New Zealand exchange Cryptopia, according to an analysis from blockchain infrastructure firm Elementus. Elementus’ research and analysis were published under a week after Cryptopia first publicly announced its detection of the breach. As reported, the exchange …

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McAfee and its report on Netwalker

Bitcoin Should Veer Away from PoW, Says BIS

Bitcoin (BTC) problems are only solvable by departing from proof-of-work (PoW) system, according to research published by the Bank for International Settlement (BIS) on January 21. According to the paper, when the future Bitcoin’s block rewards fall to zero – given that only a limited number of new Bitcoin will ever be created – transaction …

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