Tag: cryptocurrency

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 ...

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 ...

Nasdaq Is Open to Becoming Cryptocurrency Exchange, CEO says

Once the space matures, Nasdaq is open to becoming a platform for trading cryptocurrencies like bitcoin, according to the company’s CEO. “Certainly Nasdaq would consider becoming a crypto exchange over time,” Nasdaq CEO Adena Friedman told CNBC’s Squawk BoxWednesday. “If we do look at it and say ‘it’s time, people are ready for a more regulated market,’ ...

Will Other Distributed Ledgers Replace Blockchain?

Should we replace blockchain with something else? That’s a question many technologists are asking in the wake of scaling challenges for key blockchain platforms. Blockchain is undergoing some growing pains. The core platforms that are the most well-known in the blockchain ecosystem, Bitcoin and Ethereum, have both run into challenges over the past year with scalability. Bitcoin & ...

Is Directed Acyclic Graph (DAG) Blockchain’s New Competitor?

Directed Acyclic Graph (DAG) stands as a possible competitor to the blockchain, capable of making new cryptocurrencies while overcoming some of the issues inherent to blockchain tech. This brief overview examines the emergence of DAG and whether it can compete with blockchain. B to D: From Blockchain to DAG If you’ve been reading up on ...

What Makes Bitcoin so Volatile?

Bitcoin is one of the most popular subjects in the financial arena. Since its inception, there has been a lot of changes in the digital finance. Cryptocurrencies have influenced the global economy in numerous ways. However, cryptocurrencies like Bitcoin are itself a highly volatile product. Their value is fluctuating every now and then. According to ICO ...

Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor

South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering. In a press conference hosted Tuesday, the operator of South Korea’s largest messenger app, Kakao Talk, said the company has launched a new division to start developing a blockchain-powered platform for ...

5 Ways Blockchain Technology Will Change the Way We Do Business

Most of the media headlines on blockchain technology revolve around the outsized investment performance and extreme volatility of cryptocurrency. This trajectory closely resembled a roller coaster as Bitcoin gained 1,390 percent in 2017 (up as much as 1,935 percent when it hit a record high of $19,666 in mid-December) — and then plummeted to a low of ...