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The largest cryptojacking breach, in terms of sheer scale, came to light in China after local authorities identified a group of hackers who ran an illicit mining operation for over two years. After Facebook went back on the decision to ban all cryptocurrency ads, they have since made a major human resources-related decision to promote one of their veteran developers, Evan Cheng, to head of blockchain engineering. The news comes after announcements that Facebook was closely inspecting the decentralized infrastructure of the blockchain. Although cryptocurrencies are widely regarded as a lucrative investment vehicle, it is easy to forget the original function of the decentralized assets: that of being a store-of-value quarantined from corruption and state interference. Recently, several families in Venezuela were able to receive much-needed food via cryptocurrency donations. The Lightning Network has long been touted as a potential solution to the bitcoin scalability debate. It was widely believed that once the network went live, the number of transactions in the mempool would decrease by a significant amount.
While companies continue to say they are the best for so many reasons, the public knows that companies with utility will be the ones that succeed in the long run. That being said, the intensely competitive bottled water industry is seeing blockchain-based innovations. Iran has maintained its optimistic stance on blockchain technology and cryptocurrency. Decentralized Employment Organization’ concept has announced its launch. The platform describes itself as the future of the world of work where people have full control over their employment. The betting industry is getting old.