Crypto Currency News
Investors Consider Cutting Ties with Facebook’s Libra Amid Regulatory Scrutiny
Fri, 23 Aug 2019 21:02:35 +0000

Libra

At least three investors in Facebook’s Libra cryptocurrency are considering disassociating with the currency following intense regulatory pushback.

According to a report published in the Financial Times on Friday, some backers are fearful that the spotlight placed on the social media giant’s proposed cryptocurrency will also bring their own separate, independent businesses into disrepute. Two founding partners have allegedly held discussions with regard to what the “right next steps” should be for their investment. “I think it’s going to be difficult for partners who want to be seen as in compliance [with their own regulators] to ...

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Japanese Exchange Coincheck is All Set to Launch IEO Platform
Fri, 23 Aug 2019 18:50:32 +0000

Coincheck

The world of cryptocurrencies has come a long way since the early days of this decade, and nowadays it is a much more structured space, although regulation is still being awaited by many people in the crypto sphere. Nowadays there are highly sophisticated crypto exchanges and today we’ll be talking about one such example: Coincheck.

Japan has been a shining light when it comes to innovations in the crypto sphere, and over the years, plenty of new innovative processes have originated from the country. In a new development, the Japanese crypto exchange Coincheck is now working ...

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Bitcoin Adjusted Dominance Soars: Bullish Sign for Times to Come?
Fri, 23 Aug 2019 18:42:48 +0000

Bitcoin

Over the last couple of years, the crypto space has grown considerably, and nowadays there are around 2,500 cryptocurrencies in addition to Bitcoin. However, BTC still remains the most valuable and the biggest cryptocurrency in the world in terms of market capitalization. That being said, it is also important to note that over the years, there have been some altcoins that have threatened to upstage the coin as the most dominant cryptocurrencies in the market. Despite that, Bitcoin stands tall, and its domination of the wider crypto market remains as strong as ever.

Bitcoin’s Popularity is Huge ...

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Ethereum to Join Hyperledger Consortium as First Public Blockchain
Fri, 23 Aug 2019 18:32:53 +0000

Ethereum

Ethereum is expected to be the first public blockchain to be accepted on Hyperledger once the technical steering committee gives an okay to the adoption of ConsenSys’ Pantheon project.

Pantheon Project to be Part of Hyperledger

Pantheon, which is created by PegaSys, is a collection of Ethereum-based services that is built on Java. The Pantheon Ethereum client is important in developing enterprise applications that have features such as permissions and privacy.

If the proposal, which was sent on August 8, gets approved, the Pantheon project will change its name to HyperledgerBesu, besu meaning foundation ...

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Understanding the Difference Between Proof of Work and Proof of Stake
Fri, 23 Aug 2019 16:55:50 +0000

proof of work

Many have heard of proof of work and proof of stake, but don’t necessarily know the difference. Why does this matter? Because the difference is huge—it’s the difference between competing in a drag race and being elected class president.

Different blockchains use different consensus mechanisms to preserve order and keep things running smoothly. Proof of work is the original gangster of consensus, having driven the Bitcoin blockchain (and many others) since 2009. Proof of stake emerged in 2011 as an energy-friendly alternative for accomplishing the same task, and it just happens to work completely differently.

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