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Early Users Report EOSIO Voice Access Problems, Unimpressed with Design
6.7.2020
Source: Adobe/magele-picture
Social media responses have been lukewarm after EOS developer Block.one launched its decentralized social media platform Voice on July 4, coinciding with American Independence Day. Some would-be users complained of early access delays, with others pointing out potential...
Bitcoin Miners Hodl More As BTC Trades Sideways Ahead of Difficulty Increase
6.7.2020
Bitcoin (BTC) miners have been hodling more for several weeks now, as the price holds above the USD 9,000 mark. Meanwhile, BTC mining might become more difficult in a week.
It seems that at the time when more Bitcoin miners have been turning their machines on, increasing hashrate, or...
Temporary Relief for XRP Holders as Downtrend Breaks
6.7.2020
Despite a relatively good year for most major cryptoassets, the Ripple-affiliated XRP has struggled with gaining traction and is still down year-to-date. However, an uptick in price today may provide at least some relief for hopeful holders of the cryptoasset.
As of press time on Monday (10:59...
Russian TON Investors Decry UK Firm’s ‘c. USD 1.5m Commission Fee’
6.7.2020
Russian investors in the failed Telegram Open Network (TON) token launch said they have reported a British brokerage they said is withholding almost USD 1.5 million of their funds to the Moscow-based federal investigating authority.
Per a Telegram post from Baza, the group has taken its case to...
US Presidential Campaign Has Now Stronger Flavor of Crypto
6.7.2020
Brock Pierce. Source: Twitter, @brockpierce
After outspoken crypto advocate John McAfee ended his presidential campaign earlier this year, another crypto personality said he's entering this game.
This time, it's Brock Pierce, the Chairman of the Bitcoin Foundation, a non-profit organization,...
Bitcoin Holds Steady Above USD 9,000, Altcoins Starts Fresh Increase
6.7.2020
In the past few days, bitcoin bears made more than two attempts to clear the USD 9,000 support. BTC spiked below USD 9,000, but it recovered quickly. The price is currently (08:30 UTC) up over 2% and it is approaching the USD 9,240 and USD 9,300 resistance levels.
Similarly, most major altcoins...
New Partnership Lets Travelers Book Expedia Hotels with Bitcoin
6.7.2020
Crypto payments for travel bookings just got another option as the crypto-friendly travel booking service Travala.com integrated hotels offered by booking giant Expedia on its site.
The site’s users will be able to book hotels and accommodations from Expedia through Travala.com’s platform, using...
Stablecoins Might Be Better Than Bitcoin For Payments, But Maybe Not For Long
5.7.2020
Stablecoins offer most of the benefits of bitcoin (BTC), but without any of the volatility. This is the opinion of a wide number of industry figures and experts, all of whom affirm that removing volatility is the key to making cryptocurrencies viable as a means of payment.
Does this mean that...
US Founding Fathers Would Make Bitcoin Primary Legal Tender
5.7.2020
Mount Rushmore National Memorial is a massive sculpture carved into Mount Rushmore in the Black Hills region of South Dakota. The sculpture's roughly 60-ft.-high granite faces depict US presidents George Washington, Thomas Jefferson, Theodore Roosevelt and Abraham Lincoln. Juan Villaverde is...
How CBDCs Might Change Our Daily Payments
4.7.2020
Central bank digital currencies (CBDCs) could provide consumers with cheaper and faster payments, according to experts in the cryptocurrency and blockchain industry. They’ll sidestep the need for an account with a commercial bank, and in the process will reduce many of the costs and risks that come...
Rolling, Doubling, Consuming and 20 Crypto Jokes
4.7.2020
This week in crypto news on Cryptonews.com: Bitcoin whale population growth might be a mirage, retail may consume 50% of BTC supply after next halving, and young Roobinhooders might propel the next BTC rally. IOTA announced the release of Pollen, the first phase towards the decentralized IOTA...
More South Korean Banks May Look to Start Crypto Operations
4.7.2020
More South Korean conventional finance firms are set to follow Nonghyup (NH Bank) into the cryptoasset industry, say experts, academics, and industry insiders – who think regulators may offer banks safe passage into the crypto sector.
As reported earlier this week, NH has announced it will begin...
Modern Monetary Theory Is Too Good To Be True
3.7.2020
The Australian government is planning to spend AUD 190 billion (USD 132 billion) to support the economy in response to COVID-19, according to the latest Parliamentary Budget Office estimate.
The total impact of COVID-19 on the government’s net debt, including both revenue impacts (down, because...
Top 10 NFTs by All-time Trading Volume
3.7.2020
With a major milestone about to be reached in total all-time volume, non-fungible tokens (NFTs) have the potential to become a trillion-dollar market one day, industry insiders argue. Among the companies that have already entered this young market, we've listed the current top ten by all-time...
SK Telecom Set to Debut Blokchain-powered Mobile Insurance + More News
3.7.2020
This is our daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain/DLT news
South Korean telecoms giant SK Telecom is to launch a blockchain-based paperless mobile phone insurance service, reports...
Cardano and Coinbase Enter Custody Partnership
3.7.2020
Source: Adobe/Skórzewiak
Cardano has entered a custody agreement with major crypto exchange Coinbase, stating that near the end of the year, holders will be able to store their ADA in Coinbase’s cold storage, as well as stake their funds.
Charles Hoskinson, CEO of Cardano's developer IOHK,...
Only 5 Out of Top 20 Cryptos More Valuable Than A Year Ago
3.7.2020
As bitcoin (BTC) and other major coins still trading well bellow highs, seen in June of 2019, only five tokens among the top 20 cryptoassets by market capitalization are in the green on a 12-month basis.
While the crypto market was more or less on fire this time of the year last year, the situation...
Ravencoin Exploit Sees Hackers Mint USD 6m Worth of RVN
3.7.2020
The team behind the ravencoin (RVN) token have revealed that hackers have exploited a vulnerability in the network that allowed them to mint and then trade almost USD 6 million worth of tokens.
Per an official blog post, the team stated that the exploit is still being investigated, but that hackers...
Surging ‘Bitcoin Active Supply’ May Point to Coming Rally – Report
3.7.2020
Bitcoin (BTC) may be due for yet another price rally fuelled by a recent increase in on-chain activity on the network, according to a new report from Singapore-based cryptoasset management firm Stack Funds.
The firm explained that it is a strong rise seen in the 90-day “percentage of Bitcoin active...
Japan’s Central Bank to Begin Digital Yen Feasibility Pilot
3.7.2020
The central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint.
The BoJ said it will begin a Proof-of-Concept (PoC) and wants to test the digital fiat in a controlled environment before...