Monero Experiences Major Drop in Hashrate Following Hard Fork

Monero Experiences Major Drop in Hashrate Following Hard Fork

 The privacy-centered altcoin Monero recently implemented a hard fork in order to resist ASIC miners. The execution of this more or less worked as expected, but it also led Monero to experienced a drop in hashrate of around 80%, a dramatic decline for the currency. It is currently unclear whether this will hurt the cryptocurrency … Continue reading Monero Experiences Major Drop in Hashrate Following Hard Fork

Nano Foundation to Contribute $1m Towards a Fund for BitGrail Hack Victims

Nano Foundation to Contribute $1m Towards a Fund for BitGrail Hack Victims

 It seems that the legal standoff between the Nano Foundation and the now-defunct Bitgrail crypto exchange is poised to continue. The Nano Foundation, which is a team behind Nano cryptocurrency (formerly known as XRB) has updated the developments on the situation via a Medium post yesterday, stating it would sponsor setting up a legal fund, … Continue reading Nano Foundation to Contribute $1m Towards a Fund for BitGrail Hack Victims

Carrefour To Implement Blockchain Technology in its Grocery Stores

Carrefour To Implement Blockchain Technology in its Grocery Stores

 The French grocery chain Carrefour is looking to bring its stores into the 21st century through the introduction of blockchain technology. This comes as Walmart is already working with a consortium of other actors to develop and implement a similar system. Carrefour hopes that the new system will drastically improve food safety, through making strides … Continue reading Carrefour To Implement Blockchain Technology in its Grocery Stores

Is Bitfinex Related to a Colombian Drug Cartel?

Is Bitfinex Related to a Colombian Drug Cartel?

 Polish media has recently reported some scandalous news of the seizure of around €400 mln. from an account, reportedly affiliated with the crypto exchange Bitfinex. It gets very interesting, after hearing that this investigation is allegedly linked to Colombian drug cartel operations. As sad as it is to say this, it is not the first … Continue reading Is Bitfinex Related to a Colombian Drug Cartel?