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Nalezeno "Usage": 288

Project Tourbillon: CBDCs Can Meet Privacy Requirements, BIS Research Reveals

29.11.2023
Source: AdobeStock / Proxima Studio The Bank for International Settlement (BIS) has released the final report on Project Tourbillion, its privacy-inclined Central Bank Digital Currency (CBDC) project. A Nov 29 release shows a pathway to achieving privacy standards in CBDC deployment and usage with...

Crypto Advocates Mention Bitcoin Mining as a “Critical Tool” for Clean Energy and Balancing Grid

28.11.2023
Source: AdobeStock / Photocreo Bednarek A number of crypto advocates have emphasized the significance of Bitcoin (BTC) mining as a “critical tool” for clean energy usage and grid balancing. In a recently published working paper titled “Leveraging Bitcoin Miners as Flexible Load...

Lightspark’s CEO David Marcus Recognizes Current Non-Custodial Lightning Network Solutions Imply ‘Some Form of Compromise’

22.11.2023
David Marcus, co-founder and CEO of Lightspark, an institutional Lightning Network (LN) payment solutions provider, referred to the state of custodial and non-custodial transactions on the network. While Marcus believes that custodial LN for institutions is ready for prime time, he acknowledged...

Bitcoin and Ethereum Networks See Heightened Fees as Crypto Usage Soars

20.11.2023
Source: AdobeStock/Andrey Popov Bitcoin (BTC) and Ethereum (ETH) networks have experienced a dramatic surge in transaction fees amid soaring crypto usage. According to data by BitInfoCharts, the average BTC transaction fee currently stands at around $10, up by more than 500% compared to less than...

Bitstream White Paper Proposes Bitcoin Payments to Disrupt File Storage Economy

12.11.2023
Robin Linus, the creator behind BitVM — a computing construct atop the Bitcoin blockchain — released a new white paper on November 11, 2023, entitled “Bitstream.” The document explores a system aimed at reforming the economic structure of file storage, suggesting...

Meta bans usage of generative AI ad creation tools for political advertisers

7.11.2023
Meta updated its help center with a note explaining that political advertisers are prohibited from using its new generative AI ad campaign creation tools

JPMorgan’s JPM Coin Facilitates $1 Billion in Daily Transactions as Banking Giant Targets Cross-Border Settlements

26.10.2023
JPMorgan Chase & Co.’s digital token, JPM Coin, currently handles $1 billion worth of daily transactions, Global Head of Payments, Takis Georgakopoulos revealed. Georgakopoulos revealed in an interview on Bloomberg Television that JPM Coin is currently transacted daily, primarily in...

North America Is Largest Crypto Market Despite Regulatory Uncertainty, Chainalysis Reports

25.10.2023
North America leads in terms of cryptocurrency usage despite the ongoing regulatory uncertainty, blockchain forensics firm Chainalysis revealed. Meanwhile, stablecoin-related activity has been decreasing with users shifting away from U.S.-based services. The region’s share in decentralized finance...

North America Dominates Global Crypto Usage, Chainalysis Report Reveals

24.10.2023
According to a recent report by blockchain intelligence firm Chainalysis, North America is leading the world in crypto usage, with the United States driving the lion's share of activity. The region boasted a transaction volume exceeding $1 trillion between July 2022 and June 2023, which includes...

NYC mayor releases plans for responsible AI usage in local government

16.10.2023
The administration for the mayor of New York City has released a plan for creating a framework for government agencies to utlitize AI, along with the pilot of the city’s first AI chatbot

Russia’s Yuan Shift: EBRD Economist Warns of Waning US Dollar Dominance

28.9.2023
In a recent interview, the European Bank for Reconstruction and Development’s (EBRD) chief economist, Beata Javorcik, highlighted a notable trend: Russia’s growing inclination to transact in the Chinese yuan. This shift, the economist emphasized, could challenge the dominance of...

Bitcoin clean energy usage reportedly exceeds 50% — Will Tesla start accepting BTC payments?

14.9.2023
A Bloomberg analyst reported the percentage of energy used for Bitcoin mining coming from renewable sources had exceeded 50% due in part to miners fleeing China’s ban

Arbitrum (ARB) falls to all-time low as network usage metrics decline

11.9.2023
ARB price slumps to a new low as a decline in TVL, active addresses engaging with its DApps and a general malaise across the crypto market take their toll

AI usage on social media has potential to impact voter sentiment

8.9.2023
The U.S. presidential election is nearing and with it comes the employment of technologies like AI on social media platforms to manipulate voter sentiment

Riot Showcases Demand Response Strategy: Bitcoin Mining’s Role in Strengthening Texas Energy Grid

7.9.2023
Bitcoin mining aided the Electric Reliability Council of Texas, or ERCOT, when the bitcoin mining company Riot Platforms reduced its power usage amid a Texas summer heatwave. Riot said in its most recent production and operations update that it received $31.7 million in power and demand response...

Nexo Mastercard Adds Credit and Debit Toggle to Optimize Crypto Usage

1.9.2023
Nexo has introduced a new “Dual Mode” feature on its cryptocurrency Mastercard, allowing users to switch between debit and credit functions to optimize cryptocurrency spending. Nexo Unveils Dual Mode Card Capabilities to Streamline Crypto Payments Nexo‘s new feature enables...

Crypto Analyst Predicts Stablecoin Adoption Boom Even in Face of Hostile Regulation

30.8.2023
Jamie Coutts, an analyst from Bloomberg Intelligence, has predicted that stablecoin adoption will grow significantly once the issue of hostile regulations in the U.S. is put aside, noting “adoption under the hood is exploding.” Coutts believes that stablecoin usage may overtake bitcoin...