Cryptocurrency News

Slush Pool, Bitcoins first and oldest mining pool, announced support for AsicBoost today, March 6, 2018. Slush Pool users that have the technology embedded in the application-specific integrated circuit ASIC chips in their mining hardware can connect to the pool to mine more efficiently and, thus, more profitably.The protocol extension we propose and already implemented allows miners to use overt AsicBoost over stratum protocol, which was not yet possible, Slush Pool CTO Pavel Moravec told Bi Read more...

Halong Mining announced today, March 7, 2018, that it is embedding AsicBoost in its DragonMint mining hardware. Halong Mining is able to do so because it joined the Blockchain Defensive Patent License BDPL, giving them access to the patent-pending technology, which utilizes a trick called version rolling. With AsicBoost, the DragonMint machines should be up to 20 percent more energy efficient than they would otherwise be.We have produced and will continue to produce a significant amount of ve Read more...

The U.S. Securities and Exchange Commission SEC has been proclaiming for a while that initial coin offerings ICOs are securities. Now, in the latest regulatory backlash against ICOs, the federal bureau charged with enforcing the nation's laws against money laundering has decided that, effectively, anyone who sells tokens is an unregistered money transfer business. Financial Crimes Enforcement Network FinCEN made public a letter on March 6, 2018, that Drew Maloney, FinCEN's assistant Read more...

TrustToken has launched trading for TrueUSD, the first independently verified asset-backed stablecoin on the market that fixes its value to the U.S. Dollar. TrueUSD TUSD is live on the cryptocurrency exchange Bittrex.TrustToken is proud to launch TrueUSD so that traders can easily and quickly trade into a stablecoin that is 100 percent USD collateralized and independently verified by third-party accountants, said Danny An, co-founder and CEO of TrustToken. The market has demonstrated that the Read more...

Identity verification is paramount to global freedom and citizen access to public services. We see many examples of this today in terms of how barriers to documentation adversely impact issues like democratic voting processes, especially among homeless communities and refugee settlements.Todays developments in blockchain technology are now enabling solutions to these and many other verification issues. The use of distributed technology shows promise as a more robust, cost-effective mechanism Read more...

Private companies, as well as national and local governments, have all caught media attention for announcing some kind of investigation or at least interest in the blockchain. Of course, one of the most notorious examples of this was Long Island Iced Tea Corporations pivot to Long Island Blockchain Corporation.On February 28, 2018, the Kenyan government announced it will appoint a task force to explore the use of distributed ledger technology and artificial intelligence over the course of a t Read more...