Bitcoin 

Major Pan-African Insurance Firm Rolls Back Insurance for Crypto Mining Equipment

Pan-African insurance company Old Mutual has opted out of insuring cryptocurrency mining equipment due to the absence of regulation in the industry, local technology-focused new outlet ITWeb reported on June 10. Following comprehensive research of the industry, Old Mutual has arrived at a decision not to insure equipment used for digital currency mining because of the unregulated nature of the industry. Among other reasons, the company also named cryptocurrencies’ exposure to fraudulent activity and modified electronic infrastructure of mining equipment that leads to overheating and other malfunctions. Christelle Colman, an…

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Blockchain 

US Ivy League University Rolls Out Online Course in Blockchain and Cryptocurrency

The Wharton School of the University of Pennsylvania has introduced an online program on financial technologies, including digital currencies, according to a press release published on May 30. The new online program dubbed “Fintech: Foundations and Applications of Financial Technologies” features lectures and case studies on topics such as payments, cryptocurrency, blockchain technology and crowdfunding, among others. Apart from the university lecturers, the course also features speakers from the leading industry companies, including payment processor Square, marketplace lender CommonBond, and investment advisory firm Vanguard. Anne Trumbore, senior director of Wharton…

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Blockchain 

IOTA Rolls Out Decentralized Transaction Validation to Replace Centralized Version

Internet of Things (IoT) blockchain network Iota (IOTA) has completed preparations to further decentralize its transaction validation, Cointelegraph Auf Deutsch reported on May 28. According to a press release and blog post from the company, its Coordinator mechanism will now give away to a new tool dubbed “Coordicide.” Like its predecessor, Coordicide will manage transaction security, ensuring transactions process and that the same funds are not spent twice (so-called double spending). According to executives, the move marks a major step towards complete decentralization for IOTA, which had previously stressed its…

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Blockchain 

Hyperledger Rolls Out Suite of Blockchain Tools for Interoperability

Hyperledger has introduced a set of tools dubbed “Hyperledger Aries” aimed at interoperability of different types of blockchain-based data. The company announced the development in a blog post on May 14. Hyperledger Aries is a set of tools that purportedly enables the exchange of blockchain-based data, supports peer-to-peer (P2P) messaging and facilitates interactions between different blockchains and other distributed ledger technologies. Per the post, Hyperledger rolled out the project in order to provide code for P2P interaction and advance interoperability, among other objectives. The product includes a blockchain interface layer,…

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Bitcoin 

Crypto Exchange Gemini Rolls Out Native Wallet Support for SegWit Bitcoin Addresses

Gemini, the crypto exchange founded by the Winklevoss twins, has updated its wallet infrastructure to include support for Segregated Witness (SegWit) bitcoin (BTC) addresses. The news was revealed in a Gemini blog post on April 15. SegWit is a scalability solution for the bitcoin network, first activated in late 2017. As well as increasing block size, Segwit moves the “witness” signature data to a separate location. It thus solves what is known as transaction malleability, which is conducive to second-layer solutions like Lightning Network (LN). Claiming that Gemini is the…

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Blockchain 

Bibox Crypto Exchange Rolls Out Blockchain Project Incubator

Leading cryptocurrency exchange Bibox is launching an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30. Estonia-based Bibox —  the ninth largest cryptocurrency exchange in terms of adjusted trading volume — has revealed that it is rolling out Bibox Orbit, an incubator for blockchain projects. The announcement does not specify the exact date of the project launch and only says that “it is aimed to provide the best growing environment for high potential blockchain projects and assist them with ecological construction and long-term development.”…

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