A recap of U.S. Senate’s crypto hearing: discussions about financial inclusivity, potential benefits of crypto and more criticism of Facebook’s Libra… On July 30, the United States Committee on Banking, Housing and Urban Affairs hosted a hearing on cryptocurrencies in a regulatory context. Lawmakers are showing renewed interest in digital currencies against the backdrop of […]
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Discover what token burning is and how it works, and why blockchain projects are so eager to use the process amid revenue gains… Do token holders really benefit from token burning? While projects themselves gain significant advantages from burning their tokens, the process isn’t a zero-sum game. Token holders also benefit in several ways from […]
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With SWIFT looking to match Ripple’s transaction settlement rate, is speed the determining factor by which the success of a payment network will be measured? The emergence of blockchain technology has undoubtedly altered the course of global digital payment development. With the likes of Ripple and Facebook’s Libra challenging the monopoly of banks and other […]
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California-based crypto wallet service Abra will restrict U.S. users from holding EOS and other altcoins in August. California-based crypto wallet service Abra will restrict some services for American users starting from August. Abra will have to enforce some system modifications due to continued regulatory uncertainty in the United States, according to a blog post on […]
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sponsored A mobile crypto payment platform says its technology is removing the hurdles that are preventing online and offline retailers from accepting digital currencies. A mobile crypto payment platform says its technology is transforming the retail business — and giving merchants an unprecedented opportunity to accept digital currencies as a method of payment. Eligma says […]
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Tron’s founder pledged to temper aggressive marketing strategies in social media posts that were subsequently deleted. Blockchain platform Tron’s founder, Justin Sun, sparked fresh controversy this week after he first posted and then deleted an online apology in an ongoing PR debacle. Cryptocurrency-focused news outlet Cryptoslate reported the events, providing their own translation of comments […]
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Bitcoin SV successfully performed a hard fork today, amid confusion over the scheduled fork time. Bitcoin SV (BSV) successfully increased its block size limit today amid confusion regarding the scheduled fork time. According to a BitMEX Research tweet on July 24, Bitcoin SV was expected to fork at 2 p.m. UTC today, but the website […]
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Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison on Libra. Swiss privacy regulators have said that social media titan Facebook is lagging in its response to requests for more liaison. An unanswered letter A Reuters report published on July 23 revealed that the […]
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The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the Libra digital currency. The Swiss data protection regulator is waiting for Facebook to provide it with particulars on data protection risks associated with the forthcoming Libra digital currency, Reuters reported on July 23. The […]
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Emirate Coin Tech makes false claims about its legal status, says Malta’s Financial Services Authority. Malta’s finance regulator has issued a public warning about a cryptocurrency company falsely claiming it is licensed to operate in the country. ‘Built on the power of the Middle East’ In a statement July 23, the Malta Financial Services Authority […]
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