Before the year 2018 ends, cryptocurrency mining operations in Iceland will have consumed more energy than the household energy consumption of the country. Cryptocurrency mining is very energy-intensive. This may change. Tech giant Intel has patented a hardware accelerator technology…
Microsoft Ventures will invest in India for blockchain and IoT start-ups
Venture capital investment arm of the global tech giant Microsoft is returning to India. The focus of their investment efforts will be Indian start-ups working on blockchain, Internet of Things (IoT), and autonomous vehicles. Microsoft Ventures, i.e. the venture capital…
IBM to enter $300 billion crypto market, following blockchain innovation
Several tech giants have announced their entry into blockchain, and are currently pursuing multiple projects, proof of concepts (PoCs), and pilot projects utilizing this technology. However, they have typically been silent vis-a-vis cryptocurrencies. This is changing now, with global tech…
Manage Traffic Congestion by allowing cars communicate using Blockchain ?
Ford patents blockchain solution to allow cars communicate for managing traffic congestion: American auto-maker Ford has patented a technology that will allow cars to communicate between themselves and help manage traffic congestion. The blockchain-powered solution envisages a crypto token to…
Bitcoin’s Lightning network is coming soon to make day-to-day transactions faster
Bitcoin could finally be used for day-to-day transactions. California, USA-based Lightning Labs has launched their beta version of LND, its Lightning network software, which should help users in sending Bitcoin faster to other users. Current Speed of Bitcon Transaction :…
Satellite Launched to Space using Blockchain ?
Singapore-based blockchain start-up Spacechain has launched a satellite into space in partnership with another blockchain company Qtum. A Canada-based blockchain company, Blockstream, has also launched a satellite. With these developments, blockchain technology has started making its foray into space. Internet…
Enjoy a new online fantasy game and learn trading – with Blockchain
Now you can learn trading in stocks and commodities in a risk-free environment, with the fun and excitement of an online fantasy game. Tel Aviv, Israel-based FundFantasy has unveiled a blockchain-based platform that allows users to play online fantasy game…
Coinbase bug that allowed stealing of Ethereum found by another company
One of the most prominent crypto exchanges, Coinbase, had a bug in their system which could have been exploited by malicious users to steal Ether. However, VI Company, a Dutch FinTech firm, found the bug and alerted Coinbase, helping the…
US National Security Agency can identify Bitcoin users
The United States of America (USA)’s National Security Agency (NSA) can identify Bitcoin users, and they have the capability since several years, as indicated by a report. The report was based on the classified documents that the whistle-blower Edward Snowden…
Blockchain-powered lottery is about to disrupt online lottery market
Cyprus-based blockchain start-up Firelotto plans to disrupt online lottery market with their blockchain-powered lottery. They have a ready product, and have already started 4 online lottery games, with the initial guaranteed prize pool exceeding US $ 1 million. Lottery market…