NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

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Despite a recent market downturn, cryptocurrencies continue to make regulatory progress. Starting June 14, Paxos Trust Company will make Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumens available for OTC trading on their itBit digital asset exchange. Early Bird Authorization by NYDFS Joining a short list of exchanges authorized to trade cryptocurrency, Paxos Trust Company was approved…

Ethereum-based dApp Platform Loom Network Releases SDK and Receives Upbit Listing

Ethereum-based dApp Platform Loom Network Releases SDK and Receives Upbit Listing

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Based out of Thailand, Loom Network (LOOM) is an Ethereum-based blockchain platform created for the development of decentralized games and social apps. Loom Network Releases Beta SDK Building the platform on top of the Ethereum blockchain, Loom Network utilizes the Plasma second-layer scaling solution to generate DAppChains – a sidechain to Ethereum that is attached…

IOTA and Volkswagen to Demonstrate Tangle-Driven Proof of Concept at Cebit 2018

IOTA and Volkswagen to Demonstrate Tangle-Driven Proof of Concept at Cebit 2018

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The Chief Digital Officer of Volkswagen has announced a collaborative effort between the IoT-focused IOTA blockchain project and vehicle manufacturer, promising the cryptocurrency community a proof of concept that demonstrates the future of distributed ledger technology in the automotive industry. Johann Jungwirth announced the upcoming demonstrated via Twitter, stating that Volkswagen will work with the…

IOTA Unveils Qubic: The Key to an “IOTA-based World Supercomputer?”

IOTA Unveils Qubic: The Key to an “IOTA-based World Supercomputer?”

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After weeks of speculation, IOTA has given clarity on its enigmatic Qubic project — or what it describes as “the most significant contribution to the IOTA stack” to date. Aimed at facilitating smart contracts, oracles, and outsourced computation, the young Qubic protocol may be a future asset to IOTA — the 9th largest cryptocurrency by…

Ripple Wants People to Stop Calling Its Coin ‘Ripple’

Ripple Wants People to Stop Calling Its Coin ‘Ripple’

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What’s the difference between Ripple the company and ripple (XRP) the cryptocurrency? Many people would assert “Not a lot” given that the former owns most of the latter and its founders were responsible for creating ripple in the first place. Ripple the company has other ideas though, and is on a mission to separate the…

IOTA Price Increases 18% Over Past Day Following Trinity Wallet Beta Release

IOTA Price Increases 18% Over Past Day Following Trinity Wallet Beta Release

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After weeks of bearish price activity, the market is beginning to shows signs of possible recovery. IOTA, in particular, experienced an 18% price increase – the most significant amongst top 10 tokens by the current market cap. IOTA is up 18.3% over the past 24 hours. Related Story: Price Watch: Stellar Lumens, Cardano, TRON and EOS…

Potential EOS Mainnet Launch Delay: Internet Security Giant Identifies High-Risk Security Vulnerabilities

Potential EOS Mainnet Launch Delay: Internet Security Giant Identifies High-Risk Security Vulnerabilities

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Qihoo 360, China’s largest internet security company, recently published an announcement that the upcoming EOS mainnet launch scheduled for June 2, 2018 could potentially be delayed due to a series of high-risk security vulnerabilities that could cripple the entire EOS network. The May 29th announcement states that the 360 team identified a flaw within the…

TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.

TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.

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Evidence of a legal battle between TRON founder Justin Sun and µTorrent owner BitTorrent Inc has revealed that the highly popular torrent client developer is set to be purchased by Sun, with both parties currently finalizing the details of an acquisition. News of the acquisition was first released by TorrentFreak on May 25, detailing an…

VeChain Reveals New Development Plan and Whitepaper, Announces First ICO on VeChainThor

VeChain Reveals New Development Plan and Whitepaper, Announces First ICO on VeChainThor

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VeChain’s VEN token rose 5% after an announcement from the VeChain Foundation unveiling a new development plan and whitepaper. The blockchain-based product ID and supply chain management platform’s release details upcoming partnerships, a new governance model, and the future of the VeChain project. Announced on Twitter on May 20, the new development plan and whitepaper…

Zilliqa (ZIL) Update: Up 190% Over Past Month on Testnet Launch and Exchange Listings

Zilliqa (ZIL) Update: Up 190% Over Past Month on Testnet Launch and Exchange Listings

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Zilliqa’s price continues to increase after the successful launch of its testnet and addition of new exchange listings. It is currently ranked the twenty-third largest coin by market cap according to coin rankings, with a market cap of $1.3 billion. Zilliqa is up 190.41% over the past 30 days. What is Zilliqa? Zilliqa is a…