In 2008, at least 54,000 Chinese babies suffered after ingesting formula that had been contaminated. Demand for safe products has grown year over year, every year, since then. Companies like blockchain-centric Techrock have capitalized on this market by finding unique solutions to the authenticity problem. Techrock uses the blockchain to track every step of a product’s lifecycle and rewards consumers for verifying it through their mobile phones. Continue reading Rakuten Taps Chinese Blockchain Firm for $60 Billion Authenticity Market
CoinBase, the US exchange valued at over $8 billion is unique because it is hacker—proof—no recorded breach since launch. They assure clients that their priority is security “for Your Peace of Mind.” To that end, the team tasked with storing user assets has “98 percent of customer funds in cold wallets.” Additionally, CoinBase “distribute Bitcoin drives and paper backups geographically in safe deposit boxes and vaults around the world.” Continue reading Is Litecoin (LTC) Up, Adds $2.7 Billion in 18 Hours
There have been talks about the ways to help cryptocurrencies become mainstream and the co-founder of Bancor, Galia Benartzi has aired her view, stating that for the crypto space to achieve the 1 billion users mark, it would have to look beyond just investors. Continue reading In the push to one Billion Crypto Users, We Must Think Well Beyond Hodling
As the price of bitcoin cratered last year, falling 83% and erasing $250 billion in market value, one company has secretly been making a killing with some rather unusual business transactions. Selling to a paradoxical mixture of bitcoin-believing crypto entrepreneurs and hedge funders out to profit off what they hope is the demise of cryptocurrency, bitcoin lending firm Genesis Global Capital originated $1.1 billion in cryptocurrency loans last year, according to a report released today. Continue reading Why Genesis Made Over $1 Billion In Bitcoin, Ethereum And XRP Loans
A report from Chainalysis, a blockchain analytics firm based in the U.S. and Denmark, has revealed that just two groups have stolen more than $1 billion worth of crypto in the past several years. Continue reading $1 Billion in Crypto Stolen by Just 2 Groups: How Do They Cash Out?