Month: May 2018

Explaining Hash Rate Or Hash Power In Cryptocurrencies

If you are new to the world of cryptocurrencies, I guess you would have heard this number of times that Bitcoin’s hash rate, also referred to as hash power, has increased or come down. Does the term make you wonder what it actually means? I actually used to wonder in my initial days as to what ...

JPMorgan Has Big Plans for Blockchain

JPMorgan Chase & Co.’s (JPM) distributed ledger venture, Quorum, recently made news when its head, Amber Baldet, moved on to start her own company. But her departure has hardly put the brakes on its ambitious plans for the future. (See also: JP Morgan Looking to Ethereum Blockchain.) A post in Coindesk states that Quorum has “amassed a tribal following” among developers. In ...

Singapore Fintech Festival Takes Asean Focus In Third Run

THE Singapore Fintech Festival will focus on fintech developments and opportunities in Asean in its third run this year, said organisers from the Monetary Authority of Singapore (MAS) on Wednesday. The annual festival – to be held from Nov 12 to 16 this year – comes as Singapore holds the chairmanship of Asean. To that ...

Goldman Sachs to Open a Bitcoin Trading Operation

SAN FRANCISCO — Most big banks have tried to stay far away from the scandal-tainted virtual currency Bitcoin. But Goldman Sachs, perhaps the most storied name in finance, is bucking the risks and moving ahead with plans to set up what appears to be the first Bitcoin trading operation at a Wall Street bank. In ...

What is the Bitcoin “Lightning Network?”

Bitcoin developers and users alike have been looking for a solution to the ongoing problems that have resulted from the rapidly growing interest and demand for the cryptocurrency. August 24, 2017 was seen as a big day for Bitcoin; it was on this day that SegWit was implemented on the Bitcoin network. SegWit is a protocol which will allow ...