News

Singapore Airlines To Launch ‘First’ Blockchain Loyalty App Among Competitors

Singapore Airlines will release a “groundbreaking” Blockchain-based app for frequent flyers by August 2018. In a press release issued Monday, Feb. 5, the airline announced a Blockchain-based app for its KrisFlyer program had passed a “successful proof-of-concept exercise” with Microsoft and KPMG Digital Village. Now looking to sign up Singapore-based merchants, customers participating in the program will ultimately be able to spend frequent flyer miles at point-of-sale in exchange for goods and services. “This groundbreaking development

Study Finds Little Correlation Between Tether Printing and Bitcoin’s Price

Over the past few months there’s been a lot of internet chatter concerning the digital currency tether (USDT) and whether or not it’s really backed by U.S. dollars. Further, there’s been skeptics, speculators, anonymous Twitter handles, and well-researched reports that claim tether printing moved the price of BTC considerably this past year. However, just recently a Ph.D. student at the University of Groningen analyzed the situation, and his findings reveal

Introducing CEDEX – Bringing Blockchain Technology to the Diamond Industry

CEDEX is the first ever certified blockchain based diamond exchange. The project’s goal is to transform diamonds into a publicly tradeable asset, bridging the gap between the outdated and closed off diamond industry and innovative financial markets. With cryptocurrency hype reaching fever pitch in 2017, it began to feel like there was a blockchain project for just about everything you could imagine. We’ve seen this happen before, most similarly with

Former Iced Tea Maker Cancels Purchase of Bitcoin Mining Rigs

Less than a month after agreeing to purchase 1,000 AntMiner S9 crypto mining rigs, former iced tea maker Long Blockchain has scrapped the plan. In a Friday filing with the U.S. Securities and Exchange Commission, the company announced it would not purchase either the mining rigs or the power supply units it had originally indicated it would buy in a filing early in January. No reason was given for the change in

Copycat Twitter Accounts Seek to Scam Crypto Users

A number of Twitter accounts masquerading as notable cryptocurrency developers and startups have been soliciting funds with promises of major gains. With the rise in value and popularity of cryptos, such scam accounts have been on the rise – asking for small donations of various cryptocurrencies on the social media platform. In exchange, these scams promise, they will later send several times the amount donated back to the originating address.

CNBC’s Ran Neuner Says Bitcoin Will End 2018 At $50,000

Ran Neuner, the host of CNBC’s show Cryptotrader and the 28th most influential Blockchain insider according to Richtopia, made a tweet Thursday, Feb. 1 claiming that Bitcoin will end 2018 at the price point of $50,000. The CNBC channel has been increasingly involved in cryptocurrency reporting over the past few months. On Jan. 8, the cable network aired a  step-by-step tutorial on how to buy Ripple using the Poloniex exchange as a platform for the purchase. Host Brian Kelly demonstrated the entire process live on the

Porn-X First Cryptocurrency Payment Using Lightning Network

PornX is the first Initial Coin Offering that is offering a cryptocurrency that will run through a decentralized lightning network solution. The team behind PornX has proposed itself to help blockchain technology to spread into the daily life of individuals. But this can’t be achieved if one key sector is left behind. We are talking about the porn industry. PornX will unite two worlds in one online platform. The porn industry

Red Tide: Double-Digit Losses Sweep Crypto Asset Market

The cryptocurrency markets are a sea of red today, with all the top 10 cryptocurrencies by market cap reporting double-digit percentage losses for the last 24 hours (at press time). Bitcoin (BTC) has dropped 16 percent over the same period to 10-week lows below $8,000, and is heading towards its worst weekly loss (more than 25 percent) since April 2013. The cryptocurrency suffered a 30-percent drop in January and is

Black January: Why is Bitcoin in Such a Bad Way?

As January closed, Bitcoin fell towards $9,000 (getting closer to $8,000 in the first days of February). It has been a particularly tough month and a half for Bitcoin if one considers that halfway through December the coin peaked at $20,000. The market has taken hit after hit in the days following its downward spiral from the aforementioned high, the only issue is that some of these catalyzing factors have been

Bitcoin to Get Severely Forked in 2018

The fear and build up towards Aug. 1, 2017, and the creation of Bitcoin Cash which forked off the original chain was monumental. However, it was a damp squib for the future of Bitcoin as it actually spiked in value. Since then, forks on Bitcoin have become almost as common as ICOs, and in fact, forks on the Bitcoin chain look to be the latest trend for 2018 as new companies look