Month: February 2020

HitBTC Keeps Receiving a lot of Customer Complaints for Various Reasons

TheMerkle_HitBTCThere are hundreds of cryptocurrency exchanges, brokers, and trading platforms. Not all of these companies have a good reputation in this industry. One company getting a lot of backlash is HitBTC. More HitBTC Complaints to add to the List Although the company is providing perfectly legitimate services, customers are often complaining. The latest round of complaints revolves around their KYC procedures affecting some users. It is unclear where this backlash comes from, as virtually all exchanges check users’ identities in this modern day and age. They are legally obligated to do so, regardless of who the user is, how long

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RSK Brings DeFi Interoperability to Bitcoin & Ethereum; Launches New Bridge

rsk labsIn a 2018 report on blockchain technology, Deloitte identified five vectors of progress for promoting adoption. Topping the list was the need to enhance performance and interoperability. Ultimately, Deloitte concluded, “Help is on the way as a growing number of industry participants work to enable cross-blockchain transactions, interconnectivity, and standardization.”  When it comes to decentralized finance (DeFi), that prediction is increasingly coming to fruition as RSK, a Bitcoin-based smart contract and DeFi platform, announced the successful launch of its RSK token bridge that connects its Bitcoin-powered smart contracts with Ethereum’s popular network. Decentralized finance is proving to be an important

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Bitcoin Cash Community Begins Crafting Q&A Stack Exchange Site to Build Knowledge Base

Bitcoin Cash Community Begins Crafting Q&A Stackexchange Site to Build Knowledge BaseOn February 6, Bitcoin Cash supporters were introduced to a new BCH-centric Stack Exchange community called bitcoincash.stackexchange.com. The goal of the Q&A site aims to build a “knowledge center” for Bitcoin Cash developers and individual researchers interested in learning about BCH. Also Read: IOTA, EOS, XLM, ADA – 4 ‘Bitcoin Contenders’ With Zero Use Cases […]

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Blockchain and Banking: Can The Two Co-Exist?

TheMerkle_Banks CryptocurrenciesRapid technological innovation around the world is highlighting some interesting splits and divisions in modern societies. National governments tend to move forward with some level of complexity. Their officials are not necessarily technology-inclined, and hidebound state systems face challenges adapting to a rapidly evolving digital world: it takes time to change the course of the ship of state. Scientists are well familiar with the philosophy that change is not often consistent and universal, that systems do not typically move in lockstep, and that it often takes some level of detail to assess how larger systems work as a whole. This

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The 3 Most Promising Privacy Coins to Watch in 2020

TheMerkle_DuckDuckGo Success PrivacyPrivacy. It is every human’s inalienable right and yet it has become commoditized currency traded on the Internet. Reclaiming it is no easy task. And world turns to corner to almost accept a total loss of digital privacy, society is facing what feels like an insurmountable amount of data breaches. In 2019, reported data breaches rose 17% from the previous year, to over 1,470 cases. A data breach costs an average U.S.-based company nearly $8.2 million, according to a recent IBM security report. And this security breach epidemic is global.  There is hope that we will be able to both

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