GateHub Wallet Hack: Users Lose $10 Million in Recent XRP Heist

Hackers have reportedly stolen nearly $10 million worth of Ripple (XRP) from about 100 XRP ledger wallets on GateHub, as reported in a preliminary statement issued by the CEO of crypto wallet service provider, Enej Pungercar, on June 6. Gatehub disclosed, in the statement, that they were notified by customers whose wallets were compromised. Estimated […]

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Big Banks Drop $50 Million on Blockchain Settlements System

A group of large banks are investing $50 million USD into a financial settlements system built atop blockchain technology, the latest in a string of blockchain-centric headlines coming out of the mainstream banking industry this year. That revelation comes via Reuters, which was told by an anonymous source close to the situation that approximately 12 […]

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Bitcoin Price Predictions: From Zero to a Million – What do the Experts Think?

2018 was a wild year for cryptocurrency prices, exemplified by the meteoric rise in 2017 and subsequent crash of granddaddy Bitcoin. After cresting a high of more than $19,000 in December 2017, Bitcoin’s price tumbled down to just over $3000. Since then, it vibrated at a relatively low range throughout 2018 while the market as […]

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Blockchain for Everyone: Startup Building Coda Protocol Gets $15 Million Boost

The future of scalable blockchain tech just received another boon as O(1) Labs, the builders of the “tiny blockchain in your browser” project Coda Protocol, have successfully completed a new $15 million USD funding round. Coda, whose nimble ledger leverages zk-SNARK cryptographic proofs in order to significantly compact the size of its chain, is focused […]

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U.S. Crypto Mining Firm Riot Blockchain Reveals Loses $58 Million in a Year

Bitcoin miners are now recovering from the effects of the bearish wave that engulfed the market last year until the beginning of 2019. Cryptocurrency mining firm Riot Blockchain published its financial report, which showed a net loss of $58 million for the 2018 fiscal year. The former veterinary and life science firm swooped into the mining […]

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Report: Cryptocurrency Hardware Wallet Market Could Reach $500 Million by 2024

The international market for cryptocurrency hardware wallets could grow nearly 300 percent over the next five years according to a new analysis out this month from market research store Research and Markets. The report, which projected potential growth over the next half decade, said the hardware wallet market could surge from its 2018 valuation of […]

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