Jeremy Epstein, RDX Works: On the ‘practically unlimited scalability’ of Radix

Radix claims it will offer “practically unlimited scalability” with its novel consensus algorithm, Cerberus.

In 2019, Radix set a record for decentralised ledgers when it demonstrated the ability to process over one million transactions per second. For the demonstration, Radix replayed 10 years of Bitcoin’s transaction history in under 30 minutes. That demonstration used Cerberus’ predecessor, Tempo.

Despite the record-breaking demonstration, it was...

2 September 2022 | Altcoins

CasperLabs: On delivering ‘the vision for Ethereum 3.0’ today

CasperLabs believes its blockchain has solved Vitalik Buterin’s infamous trilemma and is already delivering “the vision for Ethereum 3.0”.

The Block caught up with Casper Labs’ CTO and Co-Founder Medha Parlikar, and Senior Business Development Manager Niamh O’Connell, to hear more about the blockchain that claims to be several years ahead of Ethereum in technical advancements.

The Block: Vitalik Buterin’s “blockchain trilemma” suggests that any blockchain...

26 August 2022 | Altcoins

Alex Reinhardt, PLC Ultima: On building a crypto ecosystem for ‘daily life’

PLC Ultima aims to spread opportunity with an ecosystem that anyone can use in their daily lives.

The Block caught up with Alex Reinhardt, Founder of PLC Ultima, to learn more about the project and get the crypto expert’s views on the uncertain regulatory environment.

The Block: How is PLC Ultima bridging the gap between traditional business and crypto? 

Alex Reinhardt: I originally conceived PLC Ultima as a universal financial instrument that can be...

23 August 2022 | Altcoins

Ukraine details how it spent crypto donations

Ukraine has detailed exactly how it spent over $54 million in donations from the crypto community.

In the early days of the war, Ukraine began accepting cryptocurrency donations from kind-hearted folk around the world wanting to help the country defend itself from Putin’s war of aggression.

Yesterday, Ukrainian Vice Prime minister Mykhailo Fedorov posted a breakdown of how the crypto donations were spent:

“Every helmet, bulletproof vest, and night...

18 August 2022 | Altcoins

Rory, Redlight Finance: On launching a blockchain in a bear market

Redlight Finance is preparing to launch a blockchain that it believes solves the infamous “trilemma” of earlier platforms.

The Block caught up with Rory (aka "RED") to learn more about Redlight Chain and why it’s proceeding with launching in a bear market.

The Block: Why have you decided to launch Redlight Chain rather than support an existing blockchain?

Rory: We decided to launch Redlight Chain rather than support an existing blockchain because we...

17 August 2022 | Altcoins

Ripple: Most financial institutions plan to use crypto within three years

A report by Ripple suggests that most financial institutions plan to start using crypto within the next three years.

Despite the bear market, financial institutions remain interested in the cryptocurrency space. Just this week, $10 trillion asset manager BlackRock launched a spot Bitcoin trust while saying that it’s also exploring “permissioned blockchains, stablecoins, cryptoassets, and tokenization.”

While BlackRock is exploring the potential financial benefits...

12 August 2022 | Altcoins

Vitalik Buterin downplays Ethereum PoW forks, Chainlink backs PoS switch

Ethereum founder Vitalik Buterin has downplayed the impact of Proof of Work (PoW) forks of the leading smart contract platform. Chainlink, meanwhile, has confirmed it will not support any such forks.

Bitcoin pioneered the PoW consensus that was adopted by Ethereum. PoW is energy-intensive, requiring increasingly powerful computers to validate transactions to earn blockchain rewards. Some lawmakers in several regions are even talking about banning PoW blockchains.

Proof...

8 August 2022 | Altcoins

‘Free-for-all’ Nomad exploit drains $190M of crypto

Cross-chain bridge Nomad has fallen victim to a “free-for-all” exploit that drained around $190 million in crypto.

Just last week, Nomad announced that it had secured $22.4 million in seed funding from high-profile backers including Coinbase Ventures, Crypto.com Capital, and OpenSea. The company emphasised its focus on security following a spate of bridge hacks.

“With $1.5B in bridge hacks happening within the last 12 months, many people, protocols, and DAOs are...

2 August 2022 | Altcoins

Former Coinbase manager charged with insider trading

A former manager for popular cryptocurrency exchange Coinbase has been charged with insider trading.

32-year-old Ishan Wahi was a product manager at Coinbase Global. The Seattle resident was arrested alongside his 26-year-old brother Nikhil Wahi on Thursday morning.

The Wahi brothers allegedly used insider information about which cryptocurrencies were due to be listed by Coinbase – which historically has substantially increased their value – to purchase them in...

22 July 2022 | Altcoins

Binance slapped with $3.3M fine by Dutch central bank

Cryptocurrency exchange Binance has been slapped with a $3.3 million fine by the central bank of the Netherlands.

The central bank, De Nederlandsche Bank (DNB), issued Binance Holdings with the fine after the exchange failed to gain regulatory approval to operate in the country.

Companies that want to offer crypto services in the Netherlands are obliged to register with the DNB under the Money Laundering and Terrorist Financing Prevention Act.

The fine for...

18 July 2022 | Altcoins