eToro analyst heralds Cardano as ‘next phase’ of Ethereum

The world’s largest social investing platform eToro has heralded the public blockchain Cardano as the potential “next phase” of Ethereum. The assertion by eToro’s senior analyst Mati Greenspan came as part of a market research report on the network created by Ethereum co-founder Charles Hoskinson, which concludes that Cardano is a “highly-advanced and extremely scalable” network, offering the infrastructure for decentralised applications (dapps) to run quickly and securely....

Coinbase ‘exploring’ five new crypto assets including Cardano and Zcash

Coinbase has announced it is 'exploring' five new cryptocurrency assets with the intention of adding them to its service. The five assets - Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX) - were noted as being interesting to Coinbase for a variety of reasons. In the case of Cardano, its growing community and the shipping of its software were noted, while openness were key in the case of Stellar Lumens and 0x. The announcement is not confirmation...

The importance for Chinese companies of exploring blockchain initiatives outside China

China is a fascinating market for blockchain technologies. While the country has banned cryptocurrencies, innovation in the market remains strong. According to the People's Bank of China (PBC) - as reported by Ethereum World News - the crackdown on crypto has all but eradicated cryptocurrency trading in China. Yet data from Thomson Reuters showed China was the most active filer of blockchain applications over the past year. Unlike cryptocurrencies, the Chinese government is actively...

HTC seeks to corner mobile dapp market with Q3 smartphone launch

Having announced the “world’s first blockchain smartphone” earlier this year, technical details were rather on the scant side, but yesterday HTC at least shed some light on a possible launch date for ‘The Exodus’ and the markets it’s looking to corner. Having seen its headcount drop by roughly 75% in the last five years, the Taiwanese electronics manufacturer’s blockchain play sounds a bit of ditch effort to get out of a deep rut, but the use-cases it’s focusing on sound...

Bancor exchange loses $13.5m as latest victim of cryptocurrency hack

In yet another demonstration of security shortfalls among the cryptocurrency market’s largest members, Israeli-based exchange Bancor has last night lost $23.5m (£17.8m) to a cyber attack. Announcing it as a security breach, Bancor later explained that hackers had targeted a compromised wallet used to upgrade certain smart contracts on the network, which allowed them to withdraw almost 25,000 ethereum tokens. The company operates as a “decentralised liquidity network” where...

eToro: On trust and helping cryptocurrencies become more of a ‘medium of exchange’

It has been an interesting past few weeks for brokering firm eToro. The company has added Cardano to its trading network – making it the 11th cryptocurrency on its platform – as well as announcing plans to open a new over the counter (OTC) cryptocurrency trading desk in London. For a company which started life in 2006 as RetailFX, it is fair to say that while crypto was not the founding principle, it quickly gained importance. CEO Yoni Assia was an early adopter, and according to eToro...

Why cryptocurrencies will still prosper – with or without the help of banks

For many years, bitcoin and other cryptocurrencies remained a fringe movement, generally unknown to those outside the immediate community. In 2010, a year after its invention, one bitcoin was never worth more than $0.50, but the unprecedented attention that cryptocurrencies and blockchain have received in the last two years has led to sharp price spikes, forcing ordinary consumers, businesses and institutions across a wide range of industries to sit up and take notice. Not all of the...

Huobi: On Bloomberg Terminal listing, expansion plans and exchange hacks [video]

Singapore-based Huobi now holds rank as the world’s third-largest cryptocurrency exchange - far from a meagre title in the booming crypto-business. However, recent exploits would suggest it’s not content to stay in third place. Given the opportunity to speak to the company in the flesh at Blockchain Expo Europe in Amsterdam The Block relished the chance to talk about recent developments, aggressive expansion plans, and Huobi’s take on recent exchange heists in South Korea. Last...

Nordcoin wants to solve the crypto-mining energy crisis with shipping containers

Estimated to swallow up the same amount of power per year as Switzerland and on course to consume 0.5% of the world’s electricity by the end of the year (and that’s just the Bitcoin network), the mammoth amounts of power required to run blockchain ‘proof of work’ algorithms remains a crucial blocker for the technology’s adoption. Aside from the eye-watering costs associated, there’s also the environmental impact to consider. Again, focusing on Bitcoin alone, the 42TWh of...

Cryptocurrency exchange Bithumb is hacked in $36m heist

Bithumb has suspended trading after the latest cyber-heist saw the crypto exchange robbed of $36.6m (£24m) worth in currency last night. The values of coins including Bitcoin, Ethereum and Ripple have fallen in reaction to the news. It is the second time in less than a year that the exchange has been breached. In June 2017, a computer of a Bithumb employee was hacked leading to access information of 30,000 users being leaked. It is also the second time a leading South Korean...