Recent Articles

 
  • Fed Chair: Cryptocurrencies Are ‘Great‘ For Money Laundering

    Fed Chair: Cryptocurrencies Are ‘Great‘ For Money Laundering

    Jerome Powell, chairman of the U.S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U.S. Congress. Speaking to the House Financial Services Committee, the head of U.S. central bank said Wednesday that cryptocurrencies have no “intrinsic value” and presented severe risks to investors, as reported. Part of his concerns seemingly stem from the apparent crypto […]

     
     
  • Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela‘s Unbanked

    Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela‘s Unbanked

    Peer-to-peer bitcoin exchange Paxful is doubling down on developing markets. Revealed exclusively to CoinDesk, the startup plans to open an office in hyperinflation-ridden Venezuela in September and release an Android app, its first for mobile devices, in October. According to Paxful co-founder Ray Youssef, the reason for both moves is that exchange use is , where mobile phones are abundant […]

     
     
  • South Korea Plans Tax Perks for Blockchain Startups

    South Korea Plans Tax Perks for Blockchain Startups

    The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies, including blockchain, as part of the country‘s push for innovation growth. Announced Wednesday, after a meeting of ministers from eight government agencies working on economic policy, tax rates are to be reduced for companies […]

     
     
  • Baidu‘s Blockchain Photo App Launches With Its Own Token

    Baidu‘s Blockchain Photo App Launches With Its Own Token

    Chinese internet search giant Baidu has launched a proprietary token to incentivize users of its new blockchain-based photo validating and sharing service. The firm announced on Wednesday during a press conference in Beijing that the photo sharing platform – called Totem – is now and features a dedicated token called , according to a local report. The launch marks the […]

     
     
  • Ethereum Client Parity Drops Wallet Tech in Major Upgrade

    Ethereum Client Parity Drops Wallet Tech in Major Upgrade

    Parity, the ethereum software client, has announced some major changes, including the stripping away of its graphical user interface (GUI). In effect, the changes mean that Parity‘s “wallet” – that is, its repository of private keys – does not now exist for general, non-technical consumers. All “installers and operating-system specific packages” have also been removed. According to newly published details […]