PayPal Joins $4.2M Round for Crypto Banking Compliance Startup
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Crypto Traders Need to Pay Attention to Chinese Yuan
China's yuan (CNY), one of the five currencies in the International Monetary Fund's special drawing rights basket, has depreciated by 2.7% against the U.S. dollar (USD) this month, its worst performance since September.Going back to February, the decline goes to 5% versus the greenback, and investment banking giant Goldman Sachs suggests it could drop further.Historically,…
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TokenSoft Launches Crypto Custody Service for Security Tokens
news TokenSoft is rolling out what it describes as the first cold-storage custody service designed specifically for security tokens. The company, which also helps other firms run legally-compliant token sales and operates a broker-dealer, is launching a beta version of the wallet to all of its existing and future customers today. Known as Knox (after the…
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Understanding Bitcoin’s Blistering Rise Past $30,000
Bitcoin has started 2021 off with a bang. Here’s what investors and analysts think is driving the rise (and today’s dip) as well as predictions for what happens next. This episode is sponsored by Nexo.io.The end of December was a momentous time in bitcoin’s history. Not content to clear the psychological barrier of $20,000, bitcoin’s…
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High Times Quietly Removes Crypto Payment Option From IPO Website
NEWS Sep 18, 2018 at 16:00 UTC Cannabis advocacy publication High Times is no longer accepting cryptocurrencies as a payment option for its ongoing initial public offering (IPO), CoinDesk has learned. The twist marks the latest in the company's efforts to raise $50 million from accredited investors, which it announced last month. At the time,…
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New Ethereum Fee Model Has Some Miners Crying Foul: Survey
(sarawuth702/iStock /Getty Images Plus)New Ethereum Fee Model Has Some Miners Crying Foul: SurveyEthereum miners are signaling their disapproval of a technical proposal advocated by top Ethereum developers, a new survey shows.Eight of the nine mining projects partaking in a community survey on Ethereum Improvement Proposal (EIP) 1559 had a negative impression of the proposal, with…
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Litecoin’s Mining Power Has Fallen 28% Since Its Block Rewards Halving
news Many litecoin (LTC) miners working to secure the blockchain and compete for block rewards have been unplugging their machinery following the cryptocurrency’s recent “halving” event, network data shows. Litecoin’s mining difficulty – a coded-in measure of how hard it is to solve the mathematical puzzles used to write blocks on the network – has…
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Layer 2 Blockchains Become Cheaper After Ethereum’s Dencun Upgrade
The average transaction costs on layer solutions like Optimism and Base slide after Ethereum’s Dencun upgrade.The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data.Ethereum’s Dencun upgrade went live on Wednesday, introducing a mechanism to reduce costs associated with transactions on layer 2 solutions that batch and compress
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FedEx Joins Hyperledger in Blockchain Consortium’s Latest Expansion
NEWS Sep 26, 2018 at 18:00 UTC Global shipping giant FedEx has just become one of the 14 newest members to join the Hyperledger consortium. Hyperledger announced that FedEx, Honeywell International, as well as a number of crypto startups, have become the newest participants in its mission to to build blockchain platforms and applications for…