A pair of legislators in the U.S. House of Representatives have just introduced a bill to establish a common definition of blockchain technology. Called the Blockchain Promotional Act of 2018, the bill — which is being co-sponsored by Rep. Doris Matsui (D-CA) and Brett Guthrie (R-KY) — would require the U.…
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99Crypto
Coinbase Announces a New Member for Its Board of Directors
Coinbase, which is one of North America's largest cryptocurrency exchanges, has just announced a new addition to their board of directors. This person is finance veteran Chris Dodds, who currently sits on the board of Charles Schwab and who will also help the exchange develop its financial services…
Ripple Launches Real-Time Payment Software xRapid for Public Use
Yesterday, Ripple announced that their real-time payment settlement system called xRapid officially went live. The system allows entities to make international payments faster than ever before. It further eliminates the requirement of having funded nostro accounts to make such payments, and transactions are also far cheaper than normal means of…
The Dangerous Explosion of Cryptojacking among Amateur Online Hackers
Cryptojacking, which is the use of malware to take over an unsuspecting user's computer for the purpose of cryptocurrency mining, has become very popular. Last year, the crime rose 8,500%, and this year it has risen an additional 500%, with experts believing that amateur hackers are largely…
Ripple on Cryptocurrencies: The People Need to Know More
Ripple, as part of a consortium of San Francisco-based cryptocurrency startups called Securing America’s Internet of Value Coalition, plan to lobby the U.S. government in support of both cryptocurrencies and blockchain technology. Klein/Johnson Group, which is a Washington, D.C.-based fintech lobbying organization with ties to…
EU Gathers Steam in Protecting Its Data Privacy and Sovereignty
On September 27, 2018, the European Union's Competitiveness Council had a meeting in Brussels in order to discuss supporting digitization of the continent in regards to AI. Since AI runs on data, the EU has to deal with American tech companies that control and exploit most of the…