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Israeli Startup That Allows Offline Crypto Transactions Secures $4M

News Israeli cybersecurity startup GK8 has reportedly developed the world’s first offline system for transacting cryptocurrencies. The new system uses GK8’s proprietary cryptographic techniques that enable instant blockchain transactions of digital assets without any need for an internet connectio..

Hedera Hashgraph — Deep Look Into 10,000 Transactions Per Second Claim

Analysis Hedera Hashgraph, a decentralized public network targeting enterprises and claims to be capable of processing 10,000 cryptocurrency transactions per second (TPS), has publicly launched its beta mainnet this Monday. Despite the project’s governing council attracting membership from major m..

Wells Fargo to Pilot DLT-Based Cross-Border Settlement Platform

News American financial services company Wells Fargo & Company is planning to launch a pilot of a distributed ledger technology (DLT)-based internal settlement service in 2020. In a Sept. 17 press release, Wells Fargo described a DLT-based platform designed to perform internal book transfers of in..

Cryptocurrency Payments Processor BitPay Adds Support for Ether

News Major cryptocurrency payment services provider BitPay has added support for the second-largest cryptocurrency by market capitalization, Ether (ETH). Per a press release published on Sept. 16, companies that use BitPay for payment processing are now able to accept Ether for purchases without h..

Share of SegWit-Spending Bitcoin Transactions Now Over 50%

News The percentage of Segregated Witness (SegWit)-spending Bitcoin (BTC) transactions has reached 50.5%, or an all-time high, according to transactionfee.info statistics. SegWit solution to Bitcoin transactions SegWit is a proposed update to the Bitcoin Core, which is designed to reduce processin..

Seed CX Subsidiary Zero Hash Launches Support for Crypto Derivatives

News Zero Hash, a calculation and settlement agent and subsidiary of cryptocurrency platform Seed CX, has added support for derivatives. According to a press release published on Sept. 11, Zero Hash now allows the settlement of bilateral derivatives transactions and supports settlement functions f..

Startup Tests New Ethereum Sidechain Following Coinbase Investment

News Following investment from Coinbase Ventures, Offchain Labs has opened up the Alpha version of its Ethereum (ETH) scaling solution, dubbed Arbitrum. Enterprise-focused blockchain startup Offchain Labs said that their solution will enable processing speed of more than 500 transactions per secon..

Ripple Transfers 500 Million XRP From Its Escrow Wallet

News Fintech startup Ripple has transferred 500 million XRP tokens from its escrow wallet, according to data from Whale Alert, a live tracker for cryptocurrency transactions, on Sept. 3. The San Francisco-based firm has moved 500 million of its native XRP tokens (around $130.1 million at press tim..

HSBC Completes First Blockchain Letter of Credit Transaction in Yuan

News Banking and financial services giant HSBC has completed the first yuan-denominated letter of credit transaction on a blockchain using the Voltron trade finance platform. As Reuters reported on Sept. 2, HSBC conducted the first blockchain-based yuan-denominated letter of credit transaction dep..

Blockchain Energy Startup Power Ledger Extends P2P Power Trading Trial

News Energy-focused blockchain startup Power Ledger has extended its peer-to-peer (P2P) energy trading trial into its next phase in the Australian city of Fremantle. In a press release shared with Cointelegraph on Aug. 21, Power Ledger revealed the continuation of its p2p solar power trading trial..

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