ethereum Archive

How blockchain can change the music industry

Since the 1999 launch of Napster’s music-sharing platform, the music industry has been in near-constant turmoil, its timeline marked with dipping revenues, lack of transparency, piracy problems and feuds over the fair distribution of dividends. Music companies hate streaming services. Streaming services hate file-sharing services. And, most of all, artists and content creators hate virtually everyone else for making huge sums off their toil and feeding them the crumbs. With so …

Bitcoin drops 20% after $70M worth of Bitcoin was stolen from Bitfinex exchange

Bitfinex, one of the most popular cryptocurrency exchanges online, has suffered a major hack. The company has posted a note on their website detailing the security breach, and while it doesn’t mention a total amount, one of their employees confirmed on Reddit that the total amount stolen was 119,756 bitcoins.   That amount converts to about $77,000,000 based on a price of $650 USD per …