HCash: Startup raises AUD $53 Million in a record ICO

November 6, 2017

HCash a blockchain development start-up just closed its initial coin offering, raising nearly AUD $53 Million in the process which is one of the largest ICO to date in Australia. Melbourne-based HCash revealed details of its first round of funding from June 28 to July 15. The start-up managed to raise 21,000 Bitcoins during its first round. Using the bitcoins value on the date of closing, the total fund amounted…

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Universa: Block Chain Protocol For The Future

November 5, 2017

Very few ICO have generated more hype and prerelease demand than Universa, the new block-chain project that is aimed to improve on the current infrastructure that is provided by either the Bitcoin or the Etheruem. It will give easy to product smart contracts system. In practice Universa will attempt to become more than just an ecosystem for cryptocurrency payments and tokens. This crypto-currency promises to provide a next generation blockchain…

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British Telecommunications awarded a patent for block-chain security

November 4, 2017

One of the largest telecoms and internet service provider was awarded a patent proposed to provide cyber-security for the block-chains available. This Patent was awarded to British Telecommunications PLC (BT) on 31st October. This patent to provide means for preventing malicious attacks on block-chains by limiting transactions of users in the network who doesn’t fit the security requirements. The new code in block-chain will automatically filter out bad transactions and…

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Munchee: The World’s First Decentralized Food Application

November 3, 2017

Munchee is a block-chain based social network application for food reviews. It has the potential to produce more credible food reviews than existing applications that are already available. Reviews in traditional applications can be manipulated. The Munchee application will be used as a marketing tool by the leading restaurants to gain favorable and credible reviews. This app will use the block-chain technology to authenticate reviews. Munchee guarantees that reviews are…

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Bitcoin is a better investment than Gold – Apple’s Co-Founder

November 3, 2017

Apple’s co-founder Steve Wozniak believes that bitcoin is a better investment than the old hot “Gold” and the famous US dollar. The Bitcoin Magazine reported, Wozniak made this claim at the Money 20/20 conference in Las Vegas. He explain that although Bitcoin is known for its price volatility it is still better than government backed currencies as it has fixed supply while fiat currencies can be easily diluted by increasing…

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Cars being sold with Crypto-Currency

October 30, 2017

A car dealer in Malaysia held a sales event for luxury cars in Bukit Jalil, Kuala Lumpur Malaysia on 6th of October. He successfully sold 8 luxury cars: 1 Mini Cooper S, 2 Toyota Vellfire MPV, 1 Audi Q7, 1 Porsche 911, 1 BMW 5 Series and 2 Mercedes CLS 350. All these cars were sold on a cryptocurrency named MSD which was price at $0.10 per coin during the…

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MinexCoin: A coin with low volatility

October 30, 2017

Crypto-currencies have always been under the speculation of high volatility. MinexCoin is an ambition project initiated by MinexSystem which attempts to solve the problem of volatility. It will start trading on November 1st. It offers an innovative solution that uses both the blockchain technology and the traditional finance system to deal with the problem of high volatility. Experienced trades bank with high profits speculating large rises and falls in coins,…

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Australia publishes draft laws for relaxed fintech and cryptocurrency regulations

October 29, 2017

The government of Australia has published laws that will enhance the rules and regulations on FinTech startups by letting them operate without a full license. This allows crypto-currency transactions within the country without any hassle. The government released new drafts of the framework for the new regularities. It will relax the requirements of license for new and innovative FinTech start-ups in the country. Each company had meet all licensing requirements…

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Metronome: New digital currency to overcome shortcomings of Bitcoin

October 24, 2017

A controversial figure, Jeff Garzik has debated on bitcoin scaling. He revealed that he has created a new currency which aimed to overcome the shortcomings of bitcoin. Jeff was one of the core developers of the technology behind bitcoin. Jeff has been publicising his new currency Metronome. It will be the first crypto-currency coin which will allow users to switch block-chains on same token. Coins will be capable of moving…

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Retailers and producers turn to blockchain to improve food safety

October 24, 2017

IBM announced that 10 companies will collaborate in the global food supply chain to explore blockchain technologies. Dole, Driscoll’s, Golden State Foods, Kroger, McCormick and Company, McLane Company, Nestle, Tyson Foods, Unilever and Walmart will work with IBM to strengthen consumers confidence in global food system. For food companies and suppliers across the chain, the block-chain is an important and intriguing technology to trace back the journey of product all…

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