Telegram Tech Promised In ICO Vulnerable to Attack, Researchers Say
Telegram has put out its first app since its ICO, but that identity play has security researchers reeling.
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China’s Blockchain Infrastructure to Extend Global Reach With Six Public Chains
Jul 21, 2020 at 14:05 UTCChina’s Blockchain Infrastructure to Extend Global Reach With Six Public ChainsThe Takeaway: China's state-backed Blockchain-based Service Network (BSN) has integrated with six public chains including Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.Developers on these six blockchains will be able to build dapps and run nodes using data storage and bandwidth…

U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rises to 3.9%
The U.S. economy continues to show little sign of slowing down, with the government Friday morning reporting 275,000 jobs as having been added in February versus expectations for 200,000. January's originally reported blowout job growth of 353,000 was revised lower to a still respectable 229,000.The unemployment rate missed expectations, though, rising to 3.9% versus an

My Long-Term Investment Case for Bitcoin
I believe that bitcoin will appreciate in the coming years as I expect that the demand for bitcoin will increase due to two main reasons:Bitcoin becoming a global reserve currency; a borderless and neutral alternative to national currencies.The U.S. dollar falling in value as the U.S. debt overhang is too high for the debt to

Binance Executive’s Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds
The first Securities and Exchange Commission witness in Nigeria's trial against Binance and its executives has been cross-examined. The money-laundering trial reconvenes on July 5. Tigran Gambaryan's health is deteriorating in jail, his family said. Nigeria's money laundering trial against Binance and two executives was adjourned until July 5 following the cross-examination on Monday of

RIF Launches ‘Layer 3’ Network to Scale Bitcoin-Based Smart Contracts, Tokens
news RIF Labs, which developed the RSK Network for ethereum-like tokens and smart contracts on top of bitcoin’s blockchain, has launched a “third-layer solution” to help scale this technology. After more than a year in the works, the Lumino project is now officially live, RIF said Tuesday. The Gibraltar-based firm, parent of the startup RSK Labs,…

South Korean Central Bank to Organize a CDBC Task Force
Dec 27, 2019 at 17:15 UTCSouth Korea’s central bank is organizing a task force to research central bank digital currencies (CDBCs). Announced in a Dec. 26 report titled "Monetary Policy for 2020,” the Bank of Korea will hire experts to study the effects of distributed ledgers, cryptocurrencies and CBDCs on financial settlements and security. The group…

Bitcoin Cash Futures Traders Lose Most in 2 Years as Prices Spike to $320
Traders betting against bitcoin cash (BCH) lost the highest amount in over two years amid a price spike to the $320 level last week, Coinalyze data shows.Shorts and longs cumulatively lost over $25 million on BCH-tracked futures, which may have contributed to the sudden spike. Shorts refer to bets against any asset, while longs are…

Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure
Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure.The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum Virtual…