Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency
Venezuela is set to begin using its “petro” cryptocurrency as an official accounting unit, according to the country’s president.
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How Bitcoin’s Lightning Can Be Used for Private Messaging
news Bitcoin’s lightning network might have a use case beyond faster and more scalable payments. Last week Lightning Labs developer Joost Jager revealed an experimental, new proof of concept: Whatsat, a version of lightning that can be used to send private messages. Like bitcoin, it’s censorship-resistant. But, unlike encrypted apps that morph messages into unreadable,…
Federal Reserve Keeps Rates Close to Zero, Continues Buying Treasurys
Jul 29, 2020 at 18:14 UTCUpdated Jul 29, 2020 at 18:20 UTCFederal Reserve Chairman Jerome Powell (Wikimedia Commons)The Federal Reserve said Wednesday that it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy. Rate to stay in range between 0 and 0.25%.Fed says "path of…
When There’s Blood in the Street (Why It’s Not Quite Time to Be Long Crypto)
opinion Timothy Enneking is the founder and the primary principal of Digital Capital Management, LLC (DCM). ——————- Two members of the Rothschild family are credited, perhaps incorrectly, with the (in)famous quote regarding investing: “When there is blood in the street” (James in the mid-19th century and Nathan, after the battle of Waterloo). The family has…
Record $166M Ethereum Fees Last Month Were Six Times Bigger than Bitcoin’s
Ethereum art (CoinDesk archives)Ethereum miners earned over six times more in fees compared to those working on Bitcoin in September. Glassnode data shows Ethereum's total transaction fees stood at an all-time high of $166 million for the month – far more than the $26 million taken in Bitcoin fees.Ethereum fees long trailed those on Bitcoin,…
Opportunities for Blockchains and Digital Assets to Support and Enhance U.S. National Security
As national security experts, we invariably view emerging technologies through a lens that focuses on risk, mitigation and safety. We have decades of combined experience in numerous national security roles across the U.S. government, including careers at the FBI, CIA, U.S. Secret Service, and Departments of Justice and Treasury. Our experiences range from establishing the
Bitcoin Falls 8%, Drops Below $62K Before Rebound
Bitcoin (BTC) and the broader cryptocurrency market fell nearly 10% on Saturday, with the price of the largest digital asset briefly falling below $62,000 before recovering to around $64,000 as of press time.It wasn't alone: other major digital assets saw similar falls over the past 24 hours, including ether (ETH), which fell 7% to just
StarkWare Distributing $3.5M Fees to Developers in ‘Devonomics’ Program
StarkWare, the developer firm behind Starknet, a layer-2 blockchain atop Ethereum, announced Tuesday together with the Starknet Foundation that about $3.5 million of fees paid on the network will go to developers as part of the recently announced “Devonomics” program.According to a press release, about 10% of the network fees from the project's launch through
First Mover Americas: Bitcoin Settles Into $63K-$64K Range
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.Latest Prices(CoinDesk)Top StoriesBitcoin fluctuated between $63,000-$64,000 during the Asian and European mornings on Tuesday, consolidating its recovery from last week's crash below $57,000. Despite retreating from Monday's high