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As the Blockchain Hype Dies, Why Should We Care About Practical TestNets?

The blockchain era has largely been defined by grandiose promises and ambitions, but little to show for it.

For most companies, even those that successfully complete ICOs, we usually hear loud guarantees of life-changing and revolutionary technology. In the end, however, these “game-changers” end in the same place most others do, the dustbin of history. Reports ofa vast majority of blockchain…

Ripple Price Weekly Analysis: XRP Likely Preparing For Next Upside Break

Ripple price tested the $0.3400 resistance area on a few occasions against the US dollar.

The price failed to break the $0.3380-0.3400 resistance and declined below $0.3200.

There is a crucial contracting triangle formed with resistance at $0.3140 on the 4-hours chart of the XRP/USD pair (data source from Kraken).

The pair could dip to test the $0.3050 support area before it could break to the…

‘Biometric Blockchain ATMs’ Scan Your Face to Fight Dark Web Card Fraud

Cutting-edge blockchain ATM prototypes are being rolled out in Saudi Arabia with a unique take on granting users access to funds. The ATMs use biometric scanners to scan the face of each account holder as part of a five-factor authentication process secured by a blockchain app being used by the largest ATM provider in the Middle East. Biometric Facial Recognition With Blockchain

Face-scanning…

Citing Executive Embezzlement, Korean Crypto Exchange Declares Bankruptcy

Coinbin, a South Korean crypto exchange, declared bankruptcy on February 22, 2019, citing foul play from inside the company.

Business Korea reportedon Coinbin’s recent failure, claiming that the company had lost $26 million as a result of theft and the subsequent bankruptcy declaration. Coinbin’s CEO Park Chan-kyu claimed that the move was “due to a rise in debt following an employee’s…

Eos to Be Used by 300 Million Users on Tapatalk, Real Mainstream Use Case

Those questioning the blockchain projects for their underlying utility should look at EOS.

The smart contracts platform recently paved its way into the working model of Tapatalk, a Reddit-like forum application. Per an announcementpublished February 21, Tapatalk will utilize the EOS blockchain to power its Gold Point reward system. The integration would allow Tapatalk to incentivize its users…

Crypto Exchange ErisX Appoints Three New Execs From Barclays, YouTube, CBOE

Crypto exchange ErisX has appointed three veterans from Barclays, Youtube and the Chicago Board Options Exchange (CBOE) to fill executive roles at the company. The development was announced in a press release published Feb. 7.

As reported, ErisX is a reboot of traditional futures market Eris Exchange, and is expected to begin support for spot trading in major cryptos. The exchange will support…