Why testing smart contracts is crucial, what problems it can and cannot solve, and how to do it. Smart contracts are immutable programs: Once a contract is deployed, it cannot be altered. This allows users to be sure that the rules by which their funds are operated will not be changed. However, the same feature […]
Continue ReadingThe price of Ripple’s XRP token is testing new multi-year lows as correlation with Bitcoin may be becoming inversely correlated. While Bitcoin (BTC) is currently showing weakness with the recent retracement from $7,500 to $6,900, XRP price is remaining relatively stable as the XRP/BTC pair is stabilizing. But it’s not only the price of XRP […]
Continue ReadingAs the pandemic challenges the global economy and forces people to abandon cash, a CBDC might be the right tool to fix the financial system. The COVID-19 pandemic is pushing the global economy toward a major recession, but there may be a silver lining in all this for the crypto industry: The accelerated adoption of […]
Continue ReadingCrypto exchange Binance is enabling citizens in five further countries to buy crypto using Visa cards with their national fiat currencies. Cryptocurrency exchange Binance is enabling citizens in five further countries to buy cryptocurrency using Visa debit and credit cards with their national fiat currencies. The new service, announced April 10, will extend card support […]
Continue ReadingIn response to the coronavirus pandemic, the IRS is taking some important measures but taxpayers could be under threat. The United States Internal Revenue Service delayed tax day this year from April 15 to July 15, and perhaps that means many Americans aren’t thinking about taxes during this very strange time. Indeed, they seem understandably […]
Continue ReadingA U.K. payments startup is adding fiat gateways for Binance Chain BEP2 tokens to connect them with the banking network in the U.S., U.K., the EU and India. United Kingdom-based startup Cashaa has developed a fiat gateway for BEP2 tokens on Binance Chain. Announced on April 9, the integration would let users sell and buy […]
Continue ReadingNym is inviting users to test its purportedly NSA-thwarting privacy mixnet in the wake of increased government surveillance to track coronavirus. Swiss blockchain startup, Nym Technologies, has invited the general public to take part in the next phase of its mixnet platform’s user testing on April 8. The privacy infrastructure promises advanced protection against mass-surveillance, […]
Continue ReadingNonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. Nonbank fintechs may be left unable to contribute to the United States government’s relief plan for small businesses hit by the COVID-19 crisis. On April 3, the U.S. Small Business Administration (SBA) […]
Continue ReadingThe number of Bitcoin whales with at least 1,000 BTC to their name is now higher than at any point in the past two years, Glassnode says. There are more Bitcoin (BTC) whales now than at any point in the past two years — and that mimics a trend from its 2016 halving, data shows. […]
Continue ReadingA Bitcoin miner in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer, using a physically-settled “BTC hashpower contract.” A Bitcoin-mining power plant in upstate New York has sold 106 petahash of its computing power to an undisclosed buyer using a “hashpower contract” settled in Bitcoin (BTC). The contract […]
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