The capabilities of blockchain technology appear to be getting stronger and stronger. While the likes of Bitcoin and Ethereum are still limited to a capacity of just 7 and 15 transactions per second (t/ps), respectively, a number of alternative networks are now in the tens of thousands. One such example of this is Switzerland-based blockchain […]

Gartner’s hype cycle methodology provides a means of modeling the evolution of any given technology, and it’s almost scarily accurate. The internet went through it, artificial intelligence went through it, and now blockchain is going through it, too. The timeline says it all. After Satoshi Nakamoto pulled the innovation trigger in launching Bitcoin in 2009, […]

Venezuela’s largest department store will install blockchain-enabled cash registers in its 49 retail outlets. The megastore operator Traki announced August 22, it will integrate Singapore-based Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers. Already available in 30 countries, Pundi aims to sell 100,000 XPOS devices by 2021. This is part […]

BITCOIN is showing signs of weakening under the pressure of mounting criticism from the White House as people are being put off investing in the digital asset. Two months ago, BTC was flying high and looking to build on a drive towards $14,000 with the wind in its sails and a growing trading volume What […]

Ukrainian authorities are investigating a potential security breach at a local nuclear power plant after employees connected parts of its internal network to the internet so they could mine cryptocurrency. The investigation is being led by the Ukrainian Secret Service (SBU), who is looking at the incident as a potential breach of state secrets due […]

Patrick Byrne, a rare champion of cryptocurrencies among the heads of public U.S. companies, has stepped down from his roles at Overstock.com. Byrne wrote in a letter to shareholders Thursday that he was stepping down from the company both as CEO and as a member of its board of directors due to insurability and other […]

Some cryptocurrency investors are receiving a new round of letters from the Internal Revenue Service telling them that their federal tax returns don’t match the information received from virtual currency exchanges, a new front in the agency’s burgeoning scrutiny of the industry. The letters acknowledge that trading exchanges, not the taxpayers, may have made the […]

One of the biggest knocks against cryptocurrency has always been its status as a refuge for tech-savvy criminals. Even as some bigger players—particularly exchanges that handle many billions of dollars in crypto-wealth each day—have gone out of their way to play nice with regulators, the image persists, in part because some crypto firms have evaded […]