U.K.-based county cricket club Lancashire Cricket recently announced that it will be using distributed ledger technology (DLT) to improve its digital ticketing technology. This, according to a report by Token Post, January 27, 2020. Blockchain Enters the Cricket Field Blockchain technology is no alien to sports. The emerging technology has, in recent past, been successful
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Bitcoin Gold (BTG) has suffered another 51% network exploit with the attacker reportedly double-spending $75,000 in BTG tokens. Details of the Bitcoin Gold 51% Attack According to MIT crypto researcher James Lovejoy, Bitcoin Gold, one of the Bitcoin hard forks is once again the victim of a 51% attack. In a post published on GitHub,
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Digiconomist, a platform that claims to be dedicated to exposing the unintended consequences of digital trends from an economic angle, has evaluated the energy consumption of IOTA (MIOTA) and Bitcoin (BTC) and discovered that the latter uses over 10x more energy to carry a 1 BTC transaction as compared to IOTA’s Tangle, according to reports
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ArcBlock (ABT), a distributed ledger technology (DLT) platform that enables developers to build custom blockchains and decentralized applications (dApps), has announced the launch of its bidirectional Token Swap service and Asset Chain for its native ABT altcoin. The team says the ArcBlock Token Swap and Asset Chain adopts the “grayscale” release system, according to a
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A group of Japanese lawmakers from the country’s ruling Liberal Democratic Party is planning on a proposal for Japan to issue a national digital currency, otherwise known as the digital yen. The need to develop a digital yen would seek to counter China’s digital yuan; meanwhile, more central banks across the globe are either studying
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According to a report by The Block published on January 24, 2020, five lawmakers from the U.S. state of Hawaii have introduced a bill that seeks to enable commercial banks to provide custody for cryptocurrencies. Hawaii Could Witness Crypto Boom In a fresh pro-crypto regulation movement in the U.S., Hawaii has introduced a bill that
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Two suspects allegedly responsible for the theft of Bitcoin (BTC) worth $700,000 from a company’s account have been arrested by the Tokyo Police Department. Reports are claiming that one of the suspects intended to bankrupt the company as he had become dissatisfied with management policy. Suspects Arrested in Connection with Bitcoin Theft Case According to
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VeChainThor (VET) a distributed ledger technology (DLT) project that claims to be focused on connecting blockchain technology with the real world, through a robust governance model and IoT integration, has been chosen as the network of choice by Singapore’s Reebonz luxury goods platform. Ribbons will use the VeChainThor network to carry out product authentication and
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TRON (TRX), the blockchain network powering the 12th-largest cryptocurrency in the world by market capitalization, is now the second most used DLT protocol for the development of decentralized applications (dApp), after Vitalik Buterin’s Ethereum, according to the Dapp.com 2019 Annual dApp Market Report. TRON (TRX) Surpasses EOS, Others Despite the numerous controversies that have plagued
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On January 23, 2020, Winklevoss twins-backed digital currency platform BlockFi announced that it had revised its rate of interest paid on the yield it generates from lending Bitcoin (BTC) and Ether (ETH). The new rates will be effective from February 1, 2020. Reacting to Market Economics BlockFi, one of the leading cryptocurrency startups which has
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