Renault CEO Bollore has no plans to reduce Nissan stake

NEW DELHI (Reuters) – Cutting its stake in alliance partner Nissan is not on Renault’s agenda, the French carmaker’s chief executive Thierry Bollore said on Wednesday after a global vehicle launch in New Delhi. Renault and Fiat Chrysler (FCA) are looking for ways to resuscitate a failed merger plan and secure Nissan’s approval, Reuters reported this month. As part of […]

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Ethereum’s Proof of Stake is 75 Percent Complete

The Taipei Ethereum Meetup Vitalik Buterin is one of the biggest players behind Ethereum, he is one of the founders and currently working as lead developer. Vitalik Buterin showed up at the Taipei Ethereum meetup, where he made a statement that the prerparation for Proof of Stake are now 75% complete. This is good news for all the people who are […]

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More than Half of Top 100 Cryptos Have No Utility: Report

Less than 50% of cryptocurrencies provide any real value or any useful function to the users, a research report by Invest in Blockchain claims. Among the top 100 most valuable cryptocurrencies (by market capitalization) covered in the study, only 36 were found to have working products. The Working Product Dilemma Since there is no clear definition of a “working product” in […]

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What Is Ethereum's "Difficulty Bomb"?

Ethereum’s “Difficulty Bomb” refers to the increasing difficulty level of puzzles in the mining algorithm used to reward miners with ether on its blockchain. As the puzzles become more complex (and miners find it more difficult to earn ether), there will be a substantial lag between production of blocks on ethereum’s blockchain. This will slow it down in exponential terms […]

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TokenPay and Litecoin Foundation Acquire 9.9 Percent Stake in German Bank | BTCMANAGER

On July 10, 2018, Swiss cryptocurrency company TokenPay, in partnership with the Litecoin Foundation, acquired a 9.9 percent stake in Germany’s WEGBank AG with an option to purchase 90 percent of the latter’s business following relevant regulatory approvals. Augmenting Cryptocurrency Usage Announced on TokenPay’s blog, the blockchain development company detailed salient points of the noteworthy deal, singling out Litecoin’s “high-level […]

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