El Salvador has opened its country to bitcoin transactions, and the news has spread like wildfire. To some, such as the World Bank, the idea of an entire nation running on BTC is risky and frightening, but to others – like senior regulators in the U.S. – El Salvador is […]
Brian Armstrong, the co-founder and CEO of America’s biggest crypto exchange, Coinbase, met the chairman of the Federal Reserve Banks, Jerome Powell. In a tour of Washington on May 11th, Armstrong met numerous politician and leaders of federal agencies, including Speaker Nancy Pelosi (pictured) and former speaker Paul Ryan with […]
Coinbase has opened an office in India in Hyderabad (pictured), a tech center, with Coinbase planning to hire from all over the country based on a remote-first strategy. “We will have teams in all major areas Coinbase works in today — infrastructure, cloud, platform, payments, crypto, blockchains, data engineering, machine […]
The Ethereum network witnessed the deployment of its London upgrade on the Ropsten testnet on June 24. This upgrade consists of the highly anticipated Ethereum Improvement Proposal (EIP) 1559. Following the launch on the Ropsten testnet, the London upgrade will be deployed on Ethereum’s Goerli, Rinkeby and Kovan testnets at […]
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges implementing this automatic Travel Rule […]
The recent shilling of Dogecoin was not in vain for the Robinhood cryptocurrency trading app. It generated 34% of the app’s cryptocurrency transaction revenues during the first quarter of this year. This is compared to only 4% of the income generated from Dogecoin transactions during the fourth quarter of 2021. […]
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers. However, the dollar is the predominant […]
Bitcoin mining company Greenidge Generation announced it would be starting operations in South Carolina as early as this year. In a Friday announcement, Greenidge said it would be operating in a carbon neutral crypto mining facility in the city of Spartanburg. The company said it had signed a letter of […]
The Stellar Development Foundation (SDF) will enable an automated market maker (AMM) functionality via Protocol 18. The implementation will take place with a network upgrade, but a specific date is yet to be revealed. In an official post, the SDF claims that the new functionality will help improved market liquidity. […]
After a week of trending upwards, Litecoin could finally be poised to rally above the $160 target. The coin traded at or above that number for nearly half the year. From the beginning of February until the middle of June, LTC was on a bull run until the entire market’s […]
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