Crypto News & Blog

electronic ID
Blockchain-Powered Electronic ID launching in Shenzen 1024 500 Crypto Rand Group

Blockchain-Powered Electronic ID launching in Shenzen

Per news agency Xinhua and media outlet the Global Times, local authorities in Shenzhen have launched a blockchain-powered electronic ID platform compatible with 24 forms of identification and certification. Residents can access the platform via a mobile app, which operators say is “encrypted, traceable and tamper-proof.” As China gears up for a major blockchain drive,…

First Provider For China
Tencent, First Provider For China’s National Blockchain Consortium 1024 500 Crypto Rand Group

Tencent, First Provider For China’s National Blockchain Consortium

WeBank, a digital bank that makes loans to small businesses and individuals, has become the first technical infrastructure provider for China’s blockchain network.  The Shenzhen-based company will provide the Blockchain-Based Service Network (BSN) with its patented open consortium chain FISCO BCOS, according to a Chinese state media report.  Rather than a single blockchain, the consortium…

on Administrative Leave
LedgerX Founders put on Administrative Leave 1024 500 Crypto Rand Group

LedgerX Founders put on Administrative Leave

LedgerX CEO and COO Paul and Juthica Chou are no longer running the company they founded, Put on administrative leave. A press release Monday announced that the couple had been “placed on administrative leave,” effective immediately, with Larry E. Thompson named as interim CEO and lead director of Ledger Holdings, the derivatives provider’s parent company.…

Collector Coins
Lithuanian Collector Coins: Blockchain and History 1024 500 Crypto Rand Group

Lithuanian Collector Coins: Blockchain and History

According to a press release on Dec. 9, The Bank of Lithuania announced that it will release digital, blockchain-based collector coins in the spring of 2020. The coin is dedicated to the Act of Independence of Lithuania on Feb. 16, 1918, and its 20 signatories. In homage to the year of the act, the coin…

Istanbul Hardfork
Ethereum’s Istanbul Hardfork is a Success 1024 500 Crypto Rand Group

Ethereum’s Istanbul Hardfork is a Success

Hitting at block number 9,069,000, the systemwide upgrade is the network’s third in 2019, following February’s St. Petersburg and Constantinople hard forks. The months-long process culminated at 0:25 UTC on Sunday. Another iteration of Ethereum 1.x, Istanbul is the network’s eighth hard fork overall with the first code changes being approved in June 2019. (Eth…

Crypto is Inevitable
According to Deutsche Bank, Crypto is Inevitable 1024 500 Crypto Rand Group

According to Deutsche Bank, Crypto is Inevitable

The forces that hold the fiat money system together look fragile and, over the next decade, some of these forces could begin to unravel and demand for alternative currencies, from gold to crypto, could take off, German banking giant Deutsche Bank said in its recent report Imagine 2030. Crypto is inevitable. “While critics bemoan cryptocurrencies…

Brave Browser
Brave Browser Doubled its Monthly Active Users in 2019 1024 500 Crypto Rand Group

Brave Browser Doubled its Monthly Active Users in 2019

Privacy-oriented blockchain web browser Brave has seen its monthly active users (MAU) almost double from 5.5 million in 2018 to 10.4 million in 2019. At the same time, Brave’s daily active users (DAU) have tripled over the past year to reach 3.3 million, the firm announced Dec. 5. According to the company, the recent growth…

Promised Jobs
Ugandan Startup Promising jobs, Ends up Stealing Employees 1024 500 Crypto Rand Group

Ugandan Startup Promising jobs, Ends up Stealing Employees

A number of Ugandan citizens have been left in the lurch after being promised jobs at a cryptocurrency startup that’s gone dark. Independent Ugandan newspaper Daily Monitor reports that dozens of people in the Masaka District have been fleeced of their own money and employment after falling for the promises of bogus cryptocurrency business. According…

Bitcoin more than a Year
Holders are no Joke. 64% of Total Bitcoin Didn’t Move in more than a Year 1024 500 Crypto Rand Group

Holders are no Joke. 64% of Total Bitcoin Didn’t Move in more than a Year

Over 60% of the total Bitcoin in circulation has not left its wallet in more than a year, highlighting demand among investors.  That was the conclusion of analyst Rhythm, who uploaded statistics about Bitcoin network activity on Dec. 2.  BTC investors shun risk and short-term gains Of the roughly 18.08 million Bitcoins which have been…

justin sun
Justin Sun Kicking Digibyte from Poloniex 1024 500 Crypto Rand Group

Justin Sun Kicking Digibyte from Poloniex

U.S.-based crypto exchange Poloniex, recently acquired by Justin Sun, CEO of Tron , among other investors, announced it will delist DigiByte hours after the founder of DigiByte, Jared Tate, criticized both Tron and Poloniex. “BTW, after careful review, we decided #DigiByte is not qualified for our listing standard. We will delist $DGB soon. Details to…

helping sexual assault survivors
This App is Helping Sexual Assault Survivors Using Blockchain 1024 500 Crypto Rand Group

This App is Helping Sexual Assault Survivors Using Blockchain

When many think of blockchain, they think of cryptocurrencies. But as one of the most exciting new fields of emerging technology, there’s an incredibly wide array of use cases for blockchain — as well as many empty promises and scams. When it comes to combating the age-old problem of how to prevent sexual assault, it’s…

France Cryptocurrency
France To Launch Their Own Cryptocurrency 1024 500 Crypto Rand Group

France To Launch Their Own Cryptocurrency

The central bank of France plans to pilot a central bank digital currency (CBDC) for financial institutions in 2020. François Villeroy de Galhau, the governor of the Bank of France, announced that the bank will start testing the digital euro project by the end of the first quarter 2020, French financial publication Les Echos reports…

$320 Million
Venture Capital Firm securing $320 Million for Fintech Startups 1024 500 Crypto Rand Group

Venture Capital Firm securing $320 Million for Fintech Startups

Portag3 Ventures, a Canadian venture capital (VC) firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. On Dec. 3, TechCrunch reported that the VC company received final commitments from institutional and strategic investors totaling $320 million. The funds will allow the company to make early-stage investments in…

Private Messaging Developer
Zcash Donating $40,000 to a Private Messaging Developer 1024 500 Crypto Rand Group

Zcash Donating $40,000 to a Private Messaging Developer

A Canadian private messaging developer has been donated $40,000 by the Zcash Foundation, the firm behind privacy-centric cryptocurrency Zcash. The Open Privacy Research Society, a non-profit group working on Cwtch, a decentralized metadata-resistant messenger, has received 1,044 ZEC from Zcash, the organization announced on Dec. 3. As described by Open Privacy, Cwtch is a platform…

Virtual Coins
Venezuelans Fight Inflation Playing Online Games for Virtual Coins 1024 500 Crypto Rand Group

Venezuelans Fight Inflation Playing Online Games for Virtual Coins

Corruption, incompetence and sanctions have devastated Venezuela’s oil industry, the country’s main source of hard currency. But Venezuela’s economic crisis has encouraged the growth of another: the “farming” of virtual coins in the artificial worlds created by video games. Venezuelans spend hours on end playing massively multiplayer online roleplaying games (mmorpgs) to extract gold coins…