Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Top Coins Are Trading Sideways While Oil Reports Mixed Signals
Tuesday, May 28 — Major cryptocurrencies have continued trading sideways, reporting mixed signals at press time, according to Cointelegraph’s Coin360 data.Market visualization from Coin360After steadily pushing to the $9,000 price mark on May 27, bitcoin (BTC) is now trading at around $8,732. The leading cryptocurrency has lost 0.17% over the day, while its highest and…
Can blockchain make a difference? Africa sees vast monetary potential
As technological innovations continue to spread across Africa, the continent could provide some unique use cases for blockchain technology. African has been continually driving innovation in a number of spaces, with mobile payments a prime example of the potential for technology to drastically improve the lives of everyday Africans.While many countries in Africa are still…
G-7 Task Force Releases Full Report on Impact of Global Stablecoins
A G-7 task force reports that stablecoins, such as Facebook’s Libra, present significant risk to the global financial system but also have potential in the field of payments.Doubling down on regulationsOn Oct. 18, in a report requested by the G-7 finance ministers and central bank governors, the task force confirmed that the group of the…
Blockchain Startup Civic Appoints Apple Veteran as Executive Director of Identity.com
Blockchain startup Civic has appointed Apple veteran Phillip Shoemaker as executive director of Identity.com, its Ethereum (ETH) blockchain-based, decentralized identity platform. The news was announced in a press release published Dec. 13.Identity.com is Civic’s open-source, decentralized and tokenized digital identity ecosystem that uses smart contracts to provide on-demand, blockchain-based identity validation.Shoemaker joins the initiative after…
‘Breakthrough’ as Lightning Uses Web’s Forgotten Payment Code
Lightning Labs has published its draft specification for Lightning Service Authentication Tokens (LSAT) — a protocol standard that promises to redefine online payments through employing a little known HTTP status code.According to a March 30 blog post authored by Lightning Labs CTO Olaoluwa Osuntokun, LSAT facilitates automated logins and payments using cryptographic credentials — doing…
US Debt Hits $25T — Stimulus Checks That Bought Bitcoin Now Worth $1.6K
The Federal Reserve’s Zimbabwe-esque policy sees the country’s debt mountain reach unimaginable heights, adding $1 trillion under one month. Bitcoin (BTC) proponents are in shock once again this week as the true extent of the United States’ fiat debt bubble becomes clearer. Citing statistics from the U.S. Treasury on May 7, markets analyst Mati Greenspan noted…
Bank of Thailand Launches Digital Currency Pilot Project
The Bank of Thailand launched a project to pilot test its CBDC payment system with the largest building material provider in the country. 2624 Total views 73 Total shares The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC).The bank…
Tether Stablecoin Now Available on EOS Blockchain
Blockchain tech company Tether has announced that it is partnering with EOS parent company Block.one to release its stablecoin (USDT) on the EOS blockchain (EOSIO), according to a press release shared with Cointelegraph on May 31.According to the announcement, Tether developed the Tether EOS smart contract, which has been sent to the EOS account “tethertether”…