Tag Archives: CoinDesk

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Microsoft Resumes Bitcoin Payments After Halt Over ‘Instability’

Tech giant Microsoft is once more accepting bitcoin payments on its online store. According to Bleeping Computer, Microsoft temporarily suspended bitcoin transactions last week, with company sources citing the “unstable” state of the cryptocurrency. The reason was likely due to bitcoin’s current high volatility and fees, the tech news source added  An unnamed spokeswoman from Microsoft […]

Proving Ground? Ethereum Gears Up for Show of Force at Devcon Event

Proving Ground? Ethereum Gears Up for Show of Force at Devcon Event

Ethereum is out to prove itself at its annual developer event, set to begin next Wednesday. Once arguably the most active corner of the booming cryptocurrency market, it’s safe to say enthusiasm for the project has cooled, if only by comparison. Despite meteoric growth that has seen the protocol rise to $29 billion in value, not […]

US Logistics Agency Launches Blockchain Sector Mapping Tool

US Logistics Agency Launches Blockchain Sector Mapping Tool

The U.S. government agency in charge of logistics is taking the next step in its effort to better understand blockchain. Through its Emerging Citizen Technology (ECT) program, a blockchain analysis effort first announced in September, the General Services Administration (GSA) this week opened to contributions from industry members, according to a post on its website. These contributions will now […]

China Renaissance CEO: Blockchain More Important Than Bitcoin

China Renaissance CEO: Blockchain More Important Than Bitcoin

The head of a Chinese investment bank says he believes bitcoin’s underlying technology is more important than the cryptocurrency itself. Fan Bao, the CEO of China Renaissance, said in an interview with CNBC that while bitcoin’s market may be a bullish one, he believes that underlying blockchain tech is more attractive and “probably the most disruptive technology…in […]

Bitcoin is ‘just going to implode one day’: Saudi Prince Alwaleed

Bitcoin is ‘just going to implode one day’: Saudi Prince Alwaleed

Add Saudi billionaire Prince Alwaleed bin Talal to the roster of high-profile investors and financiers who don’t believe bitcoin and other cryptocurrencies are here to stay. “I just don’t believe in this bitcoin thing. I think it’s just going to implode one day,” Alwaleed told CNBC in an interview Monday morning. “I think this is Enron in […]

Crypto venture firm Blockchain Capital is raising $150 million for two funds

Crypto venture firm Blockchain Capital is raising $150 million for two funds

According to SEC filings this week, the firm has raised about $85 million combined for the two funds. One of the funds — Blockchain Capital Parallel Fund IV — only accepts contributions in cryptocurrencies, according to a source familiar with the firm. Blockchain Capital has invested in 42 companies in the past three years, according […]

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

Russia’s Largest Bank Joins Enterprise Ethereum Alliance

The Enterprise Ethereum Alliance just welcomed its first Russian member. After signing up more than 100 businesses to build enterprise distributed ledger technology compatible with the ethereum blockchain, the group has added Sberbank, the nation’s largest bank, to its growing list. Revealed in interview with CoinDesk, Sberbank framed its addition to the alliance as a new […]

Former Bitmain Chip Designer Seeks to Revoke Mining Giant’s Patent

Former Bitmain Chip Designer Seeks to Revoke Mining Giant’s Patent

Bitcoin’s most controversial mining firm, Bitmain, is under threat of having a key chip patent revoked. Forcing a review of the patent is an ex-employee of the China-based mining giant: former director of design Yang Zuoxing, who has now founded a rival mining firm called Bitewei. According to documents reviewed and confirmed by CoinDesk, the […]

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

Bitcoin Meets Netflix? Laolu Is Building a Lightning-Powered App for That

A principal developer of the Lightning Network, Olaoluwa “Laolu” Osunokun is understandably interested in tools that could be made possible by bitcoin. But while most developers have been focused on ironing out bitcoin’s much-discussed protocol-level problems, Osunokun is taking a notable step in that he is actually considering launching a production application on top of […]

New Banks Join UBS-Backed Blockchain Trade Finance Platform

New Banks Join UBS-Backed Blockchain Trade Finance Platform

Four major banks have joined a trade finance initiative launched late last year by Switzerland-based UBS and tech giant IBM. Bank of Montreal (BMO), CaixaBank, Commerzbank and Erste Group are now taking part in the project, which is being built on top of the open-source Hyperledger Fabric framework. The platform, dubbed Batavia, was first unveiled in […]