Kraken Down Nearly 48 Hours, Gives Engineers Time to ‘Rest’ Before Resuming Service

Kraken Down Nearly 48 Hours, Gives Engineers Time to ‘Rest’ Before Resuming Service fCryptocurrency exchange Kraken is still down nearly 48 hours after the site initiated a system upgrade. Kraken engineers had estimated the downtime would only be two hours. Much like Gilligan’s three-hour cruise that went horribly wrong, Kraken users all over the Internet…

Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Price Analysis, Jan. 12

Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Price Analysis, Jan. 12 The South Korean government has confirmed that it has no plans to ban cryptocurrency trading in the short-term. This is a major relief to the markets, which were reeling under selling pressure. Warren Buffet’s warning that the cryptocurrencies will have a “bad ending” also did not…

Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency

Swedish Bank Allegedly Forbids Employees from Owning Cryptocurrency A giant Northern European bank, Nordea, has allegedly enacted a company policy which forbids its employees from owning or trading in bitcoin or other cryptocurrencies. The bank’s current executive team have a long history of on-the-record skepticism toward bitcoin. Nordea Bank Allegedly Forbids Employees from Owning Crypto…

Search Giant Baidu Launches Blockchain-as-a-Service Platform

Search Giant Baidu Launches Blockchain-as-a-Service Platform Chinese web search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. Based on technology developed by Baidu, the open platform sets out to provide the most “user-friendly” blockchain service. According to the firm’s dedicated website, “Baidu Trust” allows the conducting and tracing of transactions, and can be applied in various…

Russia’s Sberbank Has Launched a Blockchain Lab

Russia’s Sberbank Has Launched a Blockchain Lab Sberbank, one of the largest banks in Russia, has announced a blockchain laboratory to develop and test blockchain-based solutions. The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release says. According to Igor Bulantsev, Sberbank’s senior vice president,…

Ukraine Wants A National Digital Currency, Not Its Own Cryptocurrency

Ukraine Wants A National Digital Currency, Not Its Own Cryptocurrency The National Bank of Ukraine (NBU) has said it is “considering” introducing a digital version of its national currency, the hryvnia, that is not based on Blockchain, at least for now. The central bank reported in a Facebook post Thursday Jan. 11 that it is studying “new and innovative technologies”…