Bitcoin bull Michael Saylor reverses remarks on self-custody after backlash
“I support self-custody for those willing and able,” said Saylor in a new post after encouraging “big bank” custody in an interview earlier this week.
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Stacks mainnet launch brings smart contracts and DeFi to Bitcoin
Stacks, formerly Blockstack — an open-source network for building decentralized applications — has an ambitious vision to bring smart contracts and decentralized finance to the Bitcoin (BTC) network. On Thursday, the developer community celebrated the launch of Stacks 2.0, a bridging toolkit that allows developers to build on Bitcoin. Stacks 2.0 is described as a layer-one…
Adam Back Says Blockchain Toppled Pyramids As It Hits New Computational Milestone
Blockchain’s has surpassed 2^92 double-SHA256 hashes, hitting a new milestone. 701 Total views 27 Total shares With block #632874, which was mined on June 3, the Bitcoin (BTC) blockchain’s expected cumulative work hit a new milestone. According to Blockstream co-founder Pieter Wuille, it has now surpassed 2^92 double-SHA256 hashes, or 4951760157141521099596496896 hashes.Wuille noted that the previous…
Stablecoin settlements can surpass all major card networks in 2023: Data
While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things. 2099 Total views 8 Total shares Own this piece of crypto history Collect this article as NFTStablecoins play a very critical role in the crypto economy today and…
US crypto tax startup TaxBit to channel $100M raise into UK expansion
Utah-based startup TaxBit prepares to provide global crypto-oriented tax expertise with a newly raised $100 million. 684 Total views 7 Total shares Major cryptocurrency tax compliance startup TaxBit has raised $100 million as it expands into Europe.According to a March 3 blog post, TaxBit has secured the funds in Series A round led by Paradigm…
‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
by Christos Makridis 13 min January 12, 2023 Novelty token designs might attract some brief interest, but projects need to learn the principles of sustainable tokenomics. Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business…
Grayscale Survey: COVID-19 made Bitcoin more appealing to investors
The survey tended to support the view of Bitcoin as a "safe-haven" asset. 775 Total views 6 Total shares A survey by Grayscale Investments indicates that the COVID-19 pandemic has increased investor appetite for Bitcoin (BTC).Source: Grayscale Investments.The firm surveyed 1,000 U.S. consumers between the ages of 25 and 64 that were involved in personal…
Nearly 6% of Kyber’s Token Supply Staked in One Day
Over $16 million worth of KNC have been staked within 24 hours of Kyber launching the service. 2051 Total views 21 Total shares $16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch.The milestone was noted by Kyber co-founder…