Switex Is Now NAGA VIRTUAL

Switex — NAGA’s decentralized marketplace for virtual goods — has officially rebranded to NAGA VIRTUAL. NAGA is already one of the most dynamic and exciting blockchain platforms in the blockchain industry today, and the rebranding of Switex to NAGA VIRTUAL only makes the platform’s family of products that much more attention-worthy. In addition to bringing …

Slovenia Plays Host to the World’s First “Bitcoin City”

One of the smallest countries in the EU may also have some of the biggest ambitions. Slovenia has announced that its largest shopping center — coincidentally known as BTC City — will transform into a complete bitcoin city, in which every store and venture will accept cryptocurrency and operate via blockchain technology. The complex, located …

South Korea’s Supreme Court: Bitcoin is an Asset

Georgi Georgiev · June 5, 2018 · 4:00 am The Supreme Court of South Korea overturned a pre-existing law in order to seize some 191 bitcoins, thus legally recognizing them as assets. The cryptocurrency had been allegedly earned through the provision of illicit pornographic content.  A Case Stretched in Time A legal case took place …

TransferWise CEO: More Can Be Done with an Egyptian Pound Than Cryptocurrencies

The CEO of TransferWise expressed mixed sentiments about cryptocurrencies during an interview earlier today. Kristo Kaarmann said widespread adoption would be ‘super exciting’, but that there were currently few things that could be paid for with cryptocurrency. In a World of Widespread Crypto Adoption, There’d be No Need for TransferWise Kristo Kaarmann spoke to a …

Lisk Blockchain Halts on Failsafe Due to Unexpected Bug

During the early hours of Saturday morning, transactions made on the Lisk blockchain came to a full stop as a faulty transaction triggered automated security systems on the network. Lisk Blockchain Shutdown The President and CEO of Lisk, Max Kordek, quickly wrote a Reddit post that explained the situation to the Lisk community.  Max noted:  …

Advancing Toward a Decentralized Internet in the Real World

The recently aired Season 5 of the popular HBO comedy Silicon Valley features a decentralized internet powered by end-user devices and an internal blockchain-based crypto economy. As usual, the fictional treatment in the show, which has been rightly praised for providing an entertaining but accurate portrait of contemporary tech trends, is based on real developments. The first …