Bitcoin News Roundup for April 20, 2020

news The privacy-oriented Grin token held a developers’ meeting where they agreed to hold off on making changes to planned proof-of-work updates for the foreseeable future. In a move intended to give ASIC manufacturers a return on investment on the chips they have already built, a previously scheduled phase out of Cuckatoo32s chips will be delayed until…

Aug 10, 2020 at 19:00 UTCThe Latest on the Global Economy’s Most Contentious RelationshipChina and the U.S. trade high-profile sanctions, but the real impact is showing up in banks and on the Hong Kong stock market. For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google…

Apr 10, 2020 at 15:22 UTCUpdated Apr 10, 2020 at 15:37 UTCMoney Reimagined: As Tech, Politics and COVID-19 Collide, a Global Reset LoomsMoney is a shared fiction. Our mechanism for storing and exchanging agreed-upon units of value, a tool so powerful that wars are fought over it, springs entirely from our collective imagination. Some might find…

In February, the SEC proposed dramatic changes to a bedrock law governing the custody of assets. The original rule, Custody Rule 206(4)-2, was adopted by the SEC in 1962 which mainly focused on physical custody of client assets – stock and bond certificates – saying they were to be kept in a bank, segregated from…

news Facebook CEO Mark Zuckerberg is seriously evaluating blockchain’s potential to allow internet users to log in to various services via one set of credentials without relying on third parties. Such a use for the technology would make a compelling alternative to services like Facebook Connect, the social media giant’s single sign-on (SSO) application, Zuckerberg said…

Apr 13, 2020 at 18:08 UTCUpdated Apr 13, 2020 at 18:38 UTCSquare CEO Jack Dorsey. (Credit: Shutterstock)The bitcoin-friendly company behind Cash App, Square, announced Monday it is participating in the U.S. government’s emergency Paycheck Protection Program. This $350 billion lending program for small businesses provides loans that keep employees on payroll for at least two months,…

Jan 17, 2020 at 16:45 UTCUpdated Jan 17, 2020 at 17:19 UTCTelegram CEO Pavel Durov, photo via TechCrunch/Wikimedia CommonsSEC: Cash-Strapped Telegram Launched 2018 Token Sale to Pay for ServersTelegram launched a 2018 token sale because it was "short on cash" to pay for servers, the U.S. Securities and Exchange Commission (SEC) said.The claim, made in…

Presidential hopeful Vivek Ramaswamy has revealed a crypto plan that aims to protect core aspects of the industry, including software developers and unhosted digital wallets.He says he wants to shrink the federal government dramatically and steer crypto into a clear regulatory structure that generally considers tokens to be commodities.Republican presidential candidate Vivek Ramaswamy has a

Sep 18, 2020 at 16:49 UTC(David Menidrey/Unsplash, modified using Photomosh)When Satoshi Nakamoto invented Bitcoin in 2009, we began to envision decentralized finance as an alternative to traditional banking. A little more than a decade later, we are starting to see that technologies behind Bitcoin can be used to create a fully reimagined internet – one…