The DAO, the largest and most visible ethereum project, has reportedly been hacked, sparking a broad market sell-off. Estimates suggest The DAO has lost 3.6m ETH, which is currently sitting in a separate wallet after being split off into a separate grouping dubbed a "child DAO".
Michael del Castillo / Jun 17, 2016 02:00 pm
The price of ether, the native digital asset powering the ethereum blockchain, surpassed $20 for the first time ever yesterday. Overall, ether experienced the gains amid strong transaction activity and as it seemed to buck old patterns in relation to the older, more established digital currency bitcoin.
Charles Bovaird / Jun 17, 2016 05:49 am
A civil lawsuit has been filed on behalf of the customers of the now-defunct cryptocurrency mining company GAW Miners, naming its CEO and a longtime investor as defendants. The suit's plaintiffs, which are seeking class-action status, filed their complaint more than a year after GAW collapsed amid allegations of fraud.
Stan Higgins / Jun 16, 2016 11:29 pm
Canada’s central bank unveiled an blockchain-based interbank payment experiment earlier this week, a move the institution said in new statements isn’t intended to launch a new working system. Senior deputy governor Carolyn Wilkins said that it is intended “solely to better understand the technology first-hand”.
Stan Higgins / Jun 16, 2016 07:38 pm
Dubai's business ecosystem is looking to go big on blockchain, as evidenced by a meeting of the Global Blockchain Council, a 40-member group seeking to boost the technology in the region. There, GBC members debated the group's progress toward this goal and the challenges it will need to overcome to take trials public.
Pete Rizzo / Jun 16, 2016 06:55 pm
The price of bitcoin broke $750 on 16th June, building on recent gains to hit a 28-month high. Bitcoin prices reached $750.37 during the day's session, the highest since 7th February, 2014, CoinDesk USD Bitcoin Price Index (BPI) figures reveal.
Charles Bovaird / Jun 16, 2016 06:01 pm
Sweden is experimenting with how blockchain could be used to record land titles. Lantmäteriet, or the Swedish National Land Survey, revealed today it is working with blockchain startup ChromaWay, consulting firm Kairos Future and telephone service provider Telia in what is the latest proof-of-concept for the use case.
Pete Rizzo / Jun 16, 2016 03:55 pm