Justin Sun denies liquidation rumors amid market turmoil
Over the weekend, more than $1 billion in futures positions were liquidated from the crypto markets as fears of a looming recession intensified.
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Formula 1 Open Tokenized Crate Sale on Ethereum Blockchain
F1 Delta Time, the Ethereum-powered blockchain game has begun to sell in-game item crates. Players are now able to purchase a collection of cars, parts, drivers and racing gear with the ERC-721 non-fungible tokens (NFT), according to F1 Delta Time official announcement from Feb. 25. The sale will run through March 9, with 6,500 total crates…
Janet Yellen let slip details of Biden’s executive order on crypto
The Treasury’s statement came a day early and was removed from the site, but not before the details of how Secretary Yellen plans to respond to President Biden's forthcoming order. 714 Total views 1 Total shares A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for…
Digital identity is the future, US congressman Bill Foster says
Technology could hold the keys to identity theft protection. 938 total.views 21 total.shares article.actions.listen_to Speaking at the online launch event for the Global Digital Asset & Cryptocurrency Association on Friday — a Chicago-based group focused on regulatory clarity and industry security — U.S. Representative Bill Foster explained the importance of a "secure digital identity." "You can have…
Chilean Taxpayers Must Report Cryptocurrency Profits to Chilean IRS: Local Media
Chilean taxpayers must report their cryptocurrency profits to the Chilean Internal Revenue Service (SII), Spanish crypto media Diario Bitcoin reports on Jan. 17.The SII reportedly decreed in 2018 that digital currencies weren’t subject to Value Added Tax (VAT), but should still be considered when calculating annual income tax, as they fall into the definition of…
Lightning Network Proving Less Electric for Bitcoin Than Promised
Bitcoin (BTC) turned 10 years old recently, and if someone were to tell its founder, Satoshi Nakamoto, in 2008 that the new decentralized currency would still be thriving in 2019, he/she/they may assume that the experiment succeeded. However, an idea like Bitcoin is capable of existing even if it isn’t very effective at delivering on its promises,…
DNA computing breakthrough could turn living cells into functioning blockchains
Scientists built a DNA computer capable of playing chess.
China to Test Digital Yuan on Food Delivery Platform With 435 Million Users
China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users. The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan.Meituan Dianping is a Bejing-based food delivery…
Global Cybersecurity League Formed to Fight Hospital Ransomware
A crack team of cybersecurity experts in 65 countries has come together to combat ransomware attacks on hospitals during the coronavirus crisis.Calling themselves the COVID-19 CTI League the community of experts aims to protect the technological infrastructure of front-line medical resources from cyberattacks.Hospitals around the world have seen a big increase in cyberattacks over the…