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Coinbase Acquires Distributed Systems, Boosting its Efforts on Digital Identity
Coinbase has taken a significant step toward building on its blockchain-based identity security efforts by acquiring Distributed Systems, a five-person strong San Francisco-based startup, which has been developing an open identity standard for decentralized apps, or dApps. According to TechCrunch, three of Distributed Systems' team members will work with Coinbase's Toshi decentralized mobile browser team, while CEO Nikhil Srinivasan and co-founder
Ripple Wants to Bring its Blockchain-Based Payments to China
An executive for Ripple tells CNBC that the company wants to bring its blockchain-based payments technology to China - while also ramping up adoption of its XRP coin. Ripple's blockchain technology is used to accelerate cross-border payments and Jeremy Light, vice president of European Union strategic accounts at Ripple, say that China "is definitely a target" for the company, according
Facebook is Getting Serious About its Secret Blockchain Strategy
Blockchain
Facebook's top-secret blockchain strategy appears to be gaining momentum after David Marcus, who is leading the social media giant's efforts, stepped down from the board of Coinbase less than a year after he joined as one of the $8-billion startup's directors. Marcus' departure from Coinbase was first reported by CoinDesk, which was told by a Coinbase rep that "Marcus' decision
NYSE's Parent Co. Launching a Regulated Global Ecosystem For Bitcoin
In a move that could go a long way toward mainstreaming Bitcoin, the Intercontinental Exchange (ICE) - the parent company of the New York Stock Exchange - announced that it is launching a new company called Bakkt to create an open and regulated, global ecosystem for digital assets. In a press release, ICE said that it is expected to launch
Report: Beijing-Based Crypto Mining Company On Pace to Hit $10B in Revenue For the Year
Forget everything you've heard about the struggles facing the cryptocurrency market - at least for a minute - because it turns out not everyone is struggling. Despite Bitcoin dropping about 60 percent from its record high point in December - with possibly more pain ahead - Bitmain, a crypto mining equipment behemoth in Beijing, is on pace to pull in
A Blockchain Startup Aims to 1-Up the Video Game Crowdfunding Model
In a “State of Industry Panel” discussion at QuoVadis 2016, Jason Della Rocca, co-founder of Execution Labs, an early stage investor in game studios observed that “The barrier to entry is lower than ever, but the barrier to success is higher than ever before.” Many indie game developers are driven by their creative flow and passion; hence, they are not
Goldman Sachs: Bitcoin Prices Will Only Get Worse
Haven't Bitcoin investors suffered enough? After hitting its $20,000 high in December, things have gone pretty bad for the world's largest cryptocurrency, with its value now roughly a third of what it was at its peak in 2017. But according to Goldman Sachs' mid-year economic report, things are only going to get worse for Bitcoin. In fact, Goldman included Bitcoin