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European Commission Urges Nations to Embrace Blockchain Tech but Address Risks

Following remarks made by Valdis Dombrovskis, vice president of the European Commission (EC), after a roundtable on cryptocurrencies, it appears that the European Union (EU) is prepared to take steps toward regulating cryptocurrencies. While acknowledging that European nations should embrace blockchain technology in order to remain competitive in financial markets, Dombrovskis also cautioned that they should be taking steps to ...

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Chinese E-Commerce Giant JD.com Launches Blockchain Accelerator

Chinese e-commerce company JD.com, a member of the Fortune Global 500 headquartered in Beijing, is launching AI Catapult Accelerator (AICA), an accelerator program designed to unlock the transformative potential of startups demonstrating cutting-edge talent in the blockchain space. JD.com is one of the two largest business-to-consumer (B2C) online retailers in China by transaction volume and revenue, and a major competitor ...

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Riot Blockchain Gets Hit by Another Shareholder Lawsuit

After changing its name to Riot Blockchain in October to include the word “blockchain,” the public company watched its stock skyrocket from $8 a share to more than $38 during a cryptocurrency rally at the beginning of the year. The first significant problem was the company did not have any real focus on blockchain technology. Before October, Riot was known ...

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Bitcoin Faces Pivotal Support as Bulls Exhaust Buying Pressure

After seeing a rally to the $11,000s, bitcoin has managed to pull back to the $9,000 range and has left many bullish investors confused. The initial bullish rally seemed promising as it broke the macro, descending channel that governed much of the market over the last two months: Figure 1: BTC-USD, 6-Hour Candles, Descending Channel The breakout of the descending ...

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Bringing Renewable Energy to the World Using Blockchain Technology

Modern energy services are vital to human well-being and to a country’s economic development, yet according to the International Energy Agency (IEA), globally 1.2 billion people lack access to electricity. It’s thought that around 95 percent of these people are in either sub-Saharan Africa or developing Asia, with 80 percent in rural areas. Ethereum-based platform ImpactPPA is attempting to turn ...

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Nokia Launches Blockchain-Powered IoT Sensing as a Service for Smart Cities

Nokia is launching a set of services, based on Internet of Things (IoT), data analytics, and blockchain technologies, for economically and environmentally sustainable “smart cities.” In the emerging IoT, billions of connected devices and sensors will generate vast amounts of data. Smart cities will need to retrieve, process, interpret and act upon real-time environmental data in a timely manner to ...

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Kavita Gupta on Lubin, Buterin and Entrepreneurship in the Blockchain Space

When ConsenSys, a Brooklyn, New York–based firm that builds decentralized applications and blockchain ecosystem tools on Ethereum, launched a $50 million venture arm, it turned to Kavita Gupta to run it. Working closely with Joe Lubin, the founder of ConsenSys and one of the early founders of Ethereum, Gupta began spearheading efforts to fund early stage Ethereum-based startups through ConsenSys’ ...

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Tezos Foundation Reorganizes, Gevers Steps Down

After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced. According to an announcement by the Tezos Foundation, Johann Gevers, ...

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Venezuela’s On-and-Off Love Affair With Cryptocurrency Mining: It’s Complicated

If you want to see first hand how cryptocurrency functions in a market outside of speculative investing, right now, Venezuela is an interesting place to look. “Venezuela could become a case study repeated all over the world under certain conditions,” said Jeffrey A. Tucker, editorial director of the American Institute for Economic Research (AIER), in correspondence with Bitcoin Magazine. “Crypto ...

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