Gemini Exchange Outage was Caused by Exceeding the AWS IOPS Quota

Users of the Gemini exchange may have noticed the company had some issues these past few days. Their primary production environment was dealing with some setbacks, which results in a paused trading engine. All systems are coming back online, but the team took the time to explain the situation. Hosting a primary production environment on

Bitcoin Teenage Millionaire Works with NASA to ‘Democratize Space’

Bitcoin Teenage Millionaire Works with NASA to ‘Democratize Space’ The teenager who bought $1000 of Bitcoin in 2012 and became a millionaire is now working with NASA to launch a satellite. In a second space-age announcement to come from the Bitcoin industry this week after Blockstream, Erik Finman says his Project Da Vinci aims to create…

Coinbase CEO Joins Vitalik Buterin in Fortune’s 40 Under 40 List

Coinbase CEO Joins Vitalik Buterin in Fortune’s 40 Under 40 List As cryptocurrencies continue to attract mainstream and traditional investors, the digital currencies are also breaking into famous listings know to award young up and coming moguls. Coinbase’s CEO Brian Armstrong is the newest cryptocurrencies player to join Fortune’s 40 under 40 list. Armstrong is in some good company…

Coinbase Receives Patent for New Bitcoin Security Measure

Coinbase Receives Patent for New Bitcoin Security Measure San Francisco-based exchange, Coinbase, just received a patent for a security methodology for storing, distributing, and using private keys. The U.S. Patent and Trademark Office (USPTO) approved and published the patent on August 15.   Custodians are the Heart of the Security Methodology Coinbase The security protocol enables custodians…

China’s Prominent Exchange is Distributing GAS Token to NEO Holders

China’s Prominent Exchange is Distributing GAS Token to NEO Holders   In search for NEO GAS, several Bittrex users turn to leading Chinese exchange Binance as it’s one of the few exchanges that distribute GAS to those holding NEO. In an open letter posted on their blog, Binance said NEO will be distributing GAS periodically: NEO (currently still named ANS) in your wallet…

Major Oil Producing Regions Move to Adopt Blockchain in Their Operations

Several countries in the biggest oil producing regions in the world are moving to adopt Blockchain technology in their operations as of mid-2017. Several countries in the world’s biggest oil producing regions are moving to adopt Blockchain technology in their operations. In Gulf Cooperation Council (GCC) countries, the race to adopt the technology is being

The Defense Sector is Showing Interest to Utilize Bitcoin’s Technology

The Defense Sector is Showing Interest to Utilize Bitcoin’s Technology   Government agencies are looking further into adopting blockchain technology and bitcoin. They hope to commandeer these protocols in order to protect the military from mass-hacking campaigns, counterintelligence, and otherwise hostile attacks on their systems. The Pentagon has especially shown recent interest in using cryptographically-guarded blockchains to…

Government Agencies Adopting Bitcoin and Blockchain Technology

Government Agencies Adopting Bitcoin and Blockchain Technology Government agencies are looking further into adopting blockchain technology and bitcoin. They hope to commandeer these protocols in order to protect military from mass-hacking campaigns, counterintelligence, and otherwise hostile attacks on their systems. The Pentagon is has especially shown recent interest in using cryptographically-guarded blockchains to aid their operations.  An…