Cryptocurrency News

The Blockchain Global Expo, the world’s largest Blockchain convention, was inaugurated with thousands of people participating in the event. The event was held at the Olympia in London earlier this week and the sheer number of people attending it was completely unprecedented in the industry’s history.

On Monday, April 16, the Russian government banned the use of Telegram after the messaging app company refused to grant the state’s security services access to users’ encrypted messages.

In the latest news, the San Francisco, California based cryptocurrency exchange Coinbase is reported to the buying a social network called Earn.com, also located in the Bay Area of San Francisco. This platform lets its users earn cryptocurrency by completing tasks online as well as replying to emails.

According to the latest reports, a UK startup called Omnitude is building a middleware that would allow businesses with traditional IT systems such as CMS, ERP or WMS to easily and quickly adopt Blockchain systems.

Facebook has been in the news lately, and for all the wrong reasons. It was revealed a few weeks ago that more than 50 million users’ information had been wrongly acquired by a company called Cambridge Analytica and may have been used to influence the 2016 Presidential Elections in the US. Questions have also been raised about whether this data was used to influence the Brexit vote in the UK.

The IOTA project has been getting a lot of attention lately for its focus on using cryptocurrency based technology in the Internet of Things (IoT). The concept of the Internet of Things is that machines can talk to each other. All devices in a smart home or smart city would be connected to the internet, and these devices could talk to each other.

R3 is a startup that developed a blockchain platform called Corda that would link together a network of financial services institutions to perform various transactions. However, now, the company is rethinking its strategy and is looking to expand beyond just banking institutions.

Earlier this month, the central bank of India, the Reserve Bank of India (RBI) caused a furor in the cryptocurrency market by announcing on April 5 that it would no longer allow financial institutions such as banks, payment service providers as well as non-banking financial services companies to deal in cryptocurrencies.

Earlier this week, a Bank of America Merrill Lynch (BAML) research team alleged that the Bitcoin bubble was finally bursting. To prove their theory, the team provided graphic data, comparing the performance of Bitcoin over the years to some of the world’s most famous “bubbles”.

According to the latest news reports, one of Ethereum’s most ambitious projects to date, Golem, is finally going live. Golem is a peer-to-peer market which will put your computer’s extra CPU power to use for other people.