South Korean Internet Giant Kakao Invests in Blockchain Startup Orbs

South Korea’s largest messaging app operator Kakao has invested in Orbs, an Israeli blockchain startup, Reuters reports Dec. 13. The report states that Orbs did not disclose the size of the investment. Moreover, the startup reportedly explained that this investment “builds on its existing partnership with Kakao blockchain subsidiary Ground X.” As Cointelegraph reported in… Read More »

Blockchain Start-Up Orbs Raises $15 Million With Kakao’s Help

South Korean app provider, Kakao, has helped to raise over $15 million in cryptocurrency for Orbs, a hybrid blockchain platform. Orbs Blockchain Raises $15 Million Kakao joined the fundraising venture through its investment arm because it “always seeks to invest and support innovative startups and Orbs is a good example.” It also builds on the… Read More »

Number of Crypto Users Nearly Doubled in 2018, Study Says

Cryptocurrency gained 17 million “verified users” this year, according to a study published by the Cambridge Centre for Alternative Finance Dec. 12. According to the study, data show that in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million. Total crypto users, number… Read More »

Opera Releases ‘Web 3-Ready’ Android Browser With Ethereum, DApp Support

Opera has launched its “Web 3-ready” browser for Android, with crypto wallet integration, support for Ethereum (ETH) and interactions with decentralized applications (DApps). The launch was announced at the Hard Fork Decentralized event in London Dec. 13, according to a press release shared with Cointelegraph. Charles Hamel, product manager of Opera Crypto, has outlined that… Read More »

Major Stablecoin Basis to Close, Return Funds to Investors: Sources

Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12. Citing “multiple people with direct knowledge of the situation,” the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in… Read More »

Bitcoin Rises 4.65% as Crypto Market Creeps Toward Breakout

Advertisement The bitcoin price on Wednesday jumped as high as 4.65 percent from its opening price and established an intraday high at $3,488. The BTC/USD rate is now trading at 3440-fiat on the Coinbase exchange, coupled with a notable rise in daily volatility. The pair on December 7 established its yearly low at 3210-fiat, after… Read More »

Ethereum’s Geth Software Upgrades Ahead of January Hard Fork

The most-used ethereum software client has published code that includes an activation time for Constantinople, a proposed upgrade that, if enacted by users, would bring additional features and enhancements to the network. Go-ethereum (Geth) v1.8.20, released on Tuesday, sets the Constantinople hard fork on the ethereum mainnet, the principal version of the platform, for block… Read More »