Blockchain News


Binance team

The number of Binance employees has grown from 50 to 1000

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Binance was established in 2017, and since then the number of its workers has grown 20 times, breaking 1000. Yi He said in an interview: “When Binance began work in 2017, there were less than 50 workers. Today we have more than 1000 employees, and we accept new people every day.” Binance ICO...

Cuba

The first decentralized Bitcoin exchange launches in Cuba

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In early April, Italian-Cuban entrepreneur Mario Mazzola developed and expanded a decentralized p2p bitcoin exchange in Cuba. Cryptocurrencies are currently not banned in Cuba. Most global companies shy away from this country due to US sanctions. Mazzola told the media that the Qbita crypto...

Binance

Binance launches blockchain with support for smart contracts

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Binance declared a new blockchain, based on BNB token. A blockchain named Binance Smart Chain (BSC) is going to support the functionality of smart contracts. “Ethereum is the first widely used smart contract platform. To take advantage of its relatively popular applications and community, the BSC...

BitGo

BitGo acquires Lumina as part of its institutional platform

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BitGo announced the purchase of a startup Lumina, which contributes economic and tax reporting services. The new procurement will let BitGo extend the range of services and create a universal cryptocurrency platform for investors. Organization CEO Mike Belsh said that now BitGo customers will be...

Enjin platform

Enjin blockchain gaming platform enters the Chinese market

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The Enjin game platform opens access to its wallet for the Chinese region. According to a report on Monday, ENJ is now "approved and submissive with regulatory requirements in China." In a comment to CoinDesk, Brian Kortendik, vice director of marketing at Enjin, said the wallet was...

Ethereum blockchain

Etherscan added illegal activity monitoring in Ethereum

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Etherscan, one of the most popular observers on the Ethereum blockchain, has launched an “illegal activity” monitoring feature. The Etherescan team will now compile and supplement the blacklist of Ethereum addresses, and the ETHProtect function will allow you to check the origin of incoming...

China

China unveils members of its national blockchain committee

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The Ministry of Industry and Informatization of the PRC has declared a list of affiliates of its national blockchain committee, which is going to establish rules in the field. To ensure that the federal criteria set by the team were consistent with applicable laws and additionally contributed to...

Huobi

Huobi will automatically block accounts of "bad players"

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Huobi Group seeks to stop illegal activities on its platforms and therefore launches its transaction analysis instrument. Star Atlas is the new Huobi Group program that is going to block accounts with “suspicious” transactions automatically. The decision to unlock will be made by specific...

Changpeng Zhao

Binance uses profit's quarter on expansion and acquisition

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Binance CEO Changpeng Zhao said in a recent interview with the South China Morning Post that the exchange reinvests approximately 25% of its profits each year on expansion and acquisitions. Zhao’s commentary answered the question about several recent acquisitions - the popular data aggregator...

Alibaba and Tencent

Tencent and Alibaba filed for the most blockchain patents

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Chinese tech titans Tencent and Alibaba recorded the highest quantity of blockchain patents last year. Tencent and its affiliates listed 718 applications, Alibaba Group - 470 of more than 5800 (20% of the whole number of applications)....

Canaan Creative

Canaan reported a net loss of $148 million for 2019

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Chinese mining corporation Canaan Creative proclaimed a net loss of $148.6 million for 2019. On Thursday, April 9, the organization published its initial income report since the IPO on the Nasdaq Stock Exchange in November. After an IPO of $90M, the value of the company's shares fell significantly...

Coronavirus

Microsoft helps hospitals deal with extortion amid COVID-19

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Amid the COVID-19 pandemic, Microsoft decided to help hospitals and protect them from extortion attacks. Microsoft has identified dozens of healthcare facilities with vulnerable VPNs and other publicly accessible gateway applications. The company explained: “When organizations switched to remote...

Tesla blockchain CargoSmart

Tesla tested blockchain app to optimize logistics processes

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Tesla, an electric car manufacturer, became one of the participants in a pilot test of a blockchain application designed to accelerate the import of goods into China. The project was led by a Hong Kong-based supplier of supply chain technology, CargoSmart Limited. In addition to Tesla, COSCO...

Toilet Paper Token

Toilet Paper Token is on the top of CoinMarketCap chart

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In honor of April 1st, April Fools' Day, CoinMarketCap analytics service placed the nonexistent Toilet Paper Token in the TOP 10 cryptocurrencies to the “zero” position, causing an ambiguous reaction from the crypto community. We’ve lifted the lid on CMC’s first digital asset, the Toilet...

Opera browser

Opera is the first to add decentralized domain's support

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Users of Opera will now have access to decentralized network resources as the browser began working with the Unstoppable Domains startup. As a result of the collaboration, the platform integrated the .crypto domain extension provided by the startup. That allows you to browse sites with...

HSBC Corda blockchain

HSBC puts $10 billion of private placements on blockchain

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The largest British bank HSBC used the Corda blockchain from the R3 consortium to store documents on securities offerings through a private subscription for $10 billion and does not intend to stop there. It is reported by CoinDesk. Initially, the conglomerate planned to reach a figure of $20...

Hodl Hodl

Trading platform Hodl Hodl has become a user of the Liquid

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Hodl Hodl became the first P2P trading platform to use the Liquid sidechain. Liquid is Blockstream’s sidechain technology, which is currently used by 45 exchanges, retailers, and financial companies. This solution allows you to make fast and confidential bitcoin transactions, as well as safely...

Brave browser

Brave will introduce built-in Bitcoin trading option

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The developers of the privacy-oriented browser Brave intend to add the opportunity to sell, purchase, exchange, and store cryptos. To this end, the organization started a partnership with the Binance. We're thrilled to partner with @binance to bring cryptocurrency trading directly into the...

Few of us know that the technology named blockchain, that is so widely spread nowadays, was described back in 1991 by the group of researchers. It couldn’t find practical usage over 2 decades before 2009 when mysterious Satoshi Nakamoto used the technology as the basis of his invitation: the Bitcoin. But what is blockchain, how it works and what problems does it solve? There are a lot of definitions and explanations of this technology but ‘the distributed and open ledger’ describes it the best. Keeping the same information on each node of the network item and checking the compliance while adding any new block, makes blockchain almost absolutely secure and trustworthy. Not drowning in technical details too much we should say that right now blockchain is changing the traditional financial system. Thanks to this technology P2P transactions are reality nowadays. Democratic governments are implementing blockchain in more and more fields of public administration and this is just the tip of the iceberg.

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