Bitcoin pushes toward $70K — just 6% needed for new all-time high

NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours. 230 Total views 17 Total shares The Solana (SOL) network suffered a seven-hour outage overnight between April 30 and May 1 due to a large number of transactions from nonfungible…

Chinese cryptocurrency hardware manufacturer, Bitmain, made over $300 million in profit in the first four months of 2020. This news comes despite the COVID-19 outbreak and recent rumours about in-house problems, a recent report suggests.Bitmain allegedly earns over $300 million, rewards employees with massive bonusesAccording to the industry blog, Wu Said Blockchain, Bitmain announced internally…

As everyone waits on new KYC and AML regulators, many speak out to keep unhosted wallets free of controls. 1839 Total views 5 Total shares Major players in U.S. crypto lobbying are coming out in defense of non-custodial wallets.On Tuesday, the Blockchain Association released a new report presenting policy options for self-hosted wallets to regulators.…

Switzerland continues to drive Bitcoin adoption despite well-developed traditional financial infrastructure. Switzerland has long been a haven for the wealthy due to its well-established banking secrecy laws, but its citizens have warmed quickly to the self-sovereign ideals behind Bitcoin (BTC).Giw Zanganeh, head of Lugano’s Plan ₿ initiative, highlighted the growing use of Bitcoin for everyday…

Business advisory firm KPGM has partnered with tech companies Tomia, Microsoft and R3 to create a blockchain-based settlements solution for the telecom industry, in anticipation of 5G network services.KPMG announced the partnership and product plans in an official blog post on July 16.As per the report, the planned blockchain solution intends to make use of…

The Bahamas is beginning a push for national digital currency adoption this summer, the central bank's governor, John Rolle, said. 3078 Total views 15 Total shares The Central Bank of the Bahamas is preparing a national push for its digital currency this summer to get more Bahamians signing up for the Sand Dollar.In another move…

Earlier this week, Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector. The pilot program was initiated by Rosseti, Russia’s national energy grid operator, which is looking to automate and make transactions between energy producers, suppliers and consumers more transparent.Now that the first stage has…

Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus. The Senate Judiciary Privacy, Technology, & the Law Subcommittee session represented Altman’s first official appearance before Congress, giving senators the opportunity to question the OpenAI CEO concerning his company’s views…

Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pure-play cryptocurrencies.With values pegged to fiat currencies, stablecoins were intended to be…