Blockchain ‘conjuring’ fails to improve humanitarian aid — Study
Margie Cheesman investigated a blockchain charity project for more than a year but found that the technology seemed to cause more problems than it solved.
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Trust is still a must in the trustless world of cryptocurrency
As established by Satoshi Nakamoto's Bitcoin (BTC) whitepaper, the core of cryptocurrency is a peer-to-peer electronic cash system that eliminates the need for intermediaries like banks. This spirited independence and scoffing at the hand-holding of traditional banking systems is pervasive across the cryptosphere.Yet, when mass adoption is the goal, some hand-holding becomes necessary in order…
Kazakhstan to introduce new energy fees for crypto miners in 2022
The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022. 466 Total views 5 Total shares As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners.President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed…
Blockchain.info Confirms In-Wallet Paxos Stablecoin Trading Rollout for June 3
Cryptocurrency data aggregator and wallet provider Blockchain.info will launch trading of its fifth coin, paxos standard token (PAX), on Monday, the company told industry news outlet CoinDesk on May 31.Paxos is a United States dollar-pegged stablecoin, and its addition will be a first for Blockchain.info in the stablecoin space.Blockchain currently supports four cryptocurrencies: bitcoin (BTC),…
‘Struggling’ Bitcoin sets a new all-time hashrate record, breaking the 150 TH/s plateau for the first time
"In Bitcoin we trust", say miners unfazed by the market. Bitcoin’s price decreased by $2,000 in the past few days, yet the network’s hashrate has set a new all-time high, breaking the 150 TH/s plateau for the first time in its history. Bitcoin hashrate. Source: Glassnode.Hashrate is a key indicator when determining the health of…
Indian Crypto Exchange WazirX to Enter DeFi Amid Uncertain Regulations
Indian crypto exchange WazirX plans to attract current users and institutional investors with its market maker protocol. One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network.In an announcement shared with Cointelegraph, the company said…
Square Crypto Hires Blockstream Co-Founder, Open Source Bitcoin Dev
Square Crypto, the cryptocurrency-focused branch of mobile payment company Square, has hired Blockstream co-founder and Bitcoin (BTC) developer Matt Corallo. Square Crypto announced the news in an official Twitter post on Aug. 20.Matt Corallo also commented on the announcement, saying:“So excited to be joining the @sqcrypto team over the coming weeks. Experimenting with different models…
Kakao Affiliate Dunamu Launches Blockchain Service Platform
Dunamu, the fintech arm of South Korea’s largest Internet corporation Kakao, is reportedly launching a blockchain service platform designed to help companies start businesses using blockchain. Korea’s JoongAng Daily reported the news on March 19.The platform, which is called Luniverse and supervised by blockchain technology research lab Lambda256, is geared to help IT startups develop…
Bitcoin Price Tests $8,500 Support as Trader Warns of Further New Lows
Bitcoin (BTC) fell below $8,600 on Nov. 14 as its slow grind downwards continues to see new lows haunt markets.Cryptocurrency market daily overview. Source: Coin360Bitcoin trends downwards at $8.6KData from Coin360 shows the largest cryptocurrency hitting $8,550 on Thursday, its lowest since late October. A subsequent rebound took BTC/USD back above $8,600.Bitcoin seven-day price chart.…